Forex rebates on every trade - win or lose!

Morning All, Going to try small long and scalp a few.

Went short last night @ 470 - and left it - won't do that again - up this morning to check it and it was about 20 points in profit. Went off to make a cup of tea - returned for 60 points. Worked but way too slack a way to trade.

Currently looking at the 30 and 60 minute charts which both seem to suggest a decent pull back could be on its way. Looking to see if I can get in a bit further up from here.

Scalped a few from 400 ;)

Looking to try a long for a bounce back there

Long from 70 - then I must get some work done ;(

[EDIT - bugger - that's me done - lost 10 of my hard won pips - must not try and go against the trend - stupid boy]

May pop in later

Got stopped out on first trade, now short cable from 86

currently +30 on my trade stope at B/E thinking about getting out..

Im out for +15 not a good day. It was a tough call with Euro Up and GBP Down.

I leave it till tomorrow now..

Would have been a beaut of a short if I'd kept my overnighter open - over 200 points - but not much use being wise after the event. The 30 minute and 60 minute were telling the story.

I've popped a little one on to see if there is any bounce in it. Based on a 1 minute change in direction from 250. Won't hang around for long if it starts to fail.

a bit better today about 60 point in all.

Tough call this morning - but my feeling is continued down move after overnight consolidation.

Thats my feeling also.. Just looking for a short entry

Morning all, Sit on hands job at the moment i think

I'm a bit wary of cable this am. It looks to me as though there are much clearer signals on the EUR and CHF which both point to Dollar bearishness. Cable could be a bit whippy till it gets a clear direction sorted out imo.

AUD Mid-Year Economic & Fiscal Outlook
JPY BoJ Monetary Policy Meeting Minutes 5:00 2:00
FRF Producer Prices (MoM) (Nov) 7:45 2:45 -0.1% 0.6%
FRF Producer Prices (YoY) (Nov) 7:45 2:45 3.2% 3.5%
FRF Wages (QoQ) (3Q F) 7:50 2:50 0.8% 0.6%
FRF CPI (MoM) (Nov F) 7:50 2:50 0.0% 0.3%
FRF CPI (YoY) (Nov F) 7:50 2:50 2.0% 2.1%
FRF CPI - EU Harmonized (MoM) (Nov F) 7:50 2:50 0.0% 0.4%
FRF CPI - EU Harmonized (YoY) (Nov F) 7:50 2:50 2.2% 2.3%
EUR Euro-Zone Current Account (Oct) 9:00 4:00 -3.2B
EUR Euro-Zone Current Account NSA (Oct) 9:00 4:00 2.5B -0.3B
GBP Bank of England minutes from Dec 8-9 meeting 9:30 4:30
ITL Trade Balance Non - EU (Euros) (Nov) 9:30 4:30 270M 537M
GBP Total Business Investment (QoQ) (3Q 2) 9:30 4:30 2.6%
EUR Industrial Orders sa (MoM) (Oct) 10:00 5:00 0.2% 2.0%
EUR Industrial Orders sa (MoM) (Oct) 10:00 5:00 6.9% 8.2%
DEM CPI - Saxony (MoM) (Dec) -0.1%
DEM CPI - Saxony (YoY) (Dec) 1.8%
USD MBA Mortgage Applications (Dec 17) 12:00 7:00 -1.0%
USD GDP Annualized (3Q F) 13:30 8:30 3.9% 3.9%
USD Personal Consumption (3Q F) 13:30 8:30 5.1% 5.1%
USD GDP Price Deflator (3Q F) 13:30 8:30 1.3% 1.3%
NZD Imports (Nov F) 21:45 16:45 3.00B 3.04B
NZD Exports (Nov P) 21:45 16:45 2.50B 2.49B
NZD Trade Balance (Nov P) 21:45 16:45 -466.5M -553.8M

Short GBP

Hilary
Just taken a look at CHF and EUR - see what you mean. Still a virgin on other instruments but realise it doesn't really matter as long as you've got the charts and strategy.

Might give it a whirl whilst cable untangles itself from the rope it's weaving.

Looks like games being played with the $ across all instruments - took a peek at JPY as well. Although $ was looking weak it seems to be getting a bit of a boost at the moment.

Staying clear - and feeling quite pleased with myself for showing some kind of control.....wont get me any mince pies but won't be paying for the FOREX trader's Xmas either ;)

Seems to be some $ strength on JPY/CHF/EUR so now short the /$

My stop is above the high so im going to ride my positsion till the end today.

Hill, Just got your mail. Thanks for your help and your kind words.

Im weak...

with the low volume i took it at +41

Now watch it drop like a stone to punnish me..