Forex rebates on every trade - win or lose!

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..

Well, just got back in from a shopping trip and decided that +120 and +130 was pretty good for a mornings work.

Feeling extremely smug - so sorry for this BUT YESSSSSSSSSSsssssssssssssss.

Now I must leave it alone.

Another big thanks to hilary - yom brill as they say round these parts.

I would be +110 right now.. Another lesson learned! Same lesson but hopefully learned this time!! :)

You know that thing called greed and the other thing called overtrading - well I've got a nasty case of both. Looked at the EUR and decided that it was holding up remarkably well against the $ - except the "conditions" seemed right for a bit of an adjustment.

I've sinned and gone short a couple around the 13350 mark. Would be more than happy - yey ecstatic - if these come off for me as well. But stops are in place if I have made a pratt of myself.

OK - so I made a pratt of myself - out for -24 and -26.

Now definitely leaving it alone ;)

You should have listened to your mummie. ;)

Kamikaze MG or in the words of Arnie...I'll be back

Went short on cable this morning after it suggested the trade on the Mataf website and currently sitting at +120 points. Have moved my stop to 9170 to lock in most of the profits.

Shame its still only a demo account !!!!!

dscott, have you followed Mataf for long? I glance every now and then and have been impressed at their assessments so far.

Im still short from tues am at 9415 and have my stop very close to yours. Watching with interest to see if its gathering steam for another leg down. :-))

Neil

Only found it a couple of week ago. still keeping an eye on what it says and always check when the details were last updated as sometimes they are not always done every day. Added myself to their mail list as well.

Mataf predicts it may go down to 1.9050 where is where I have set my limit order.


David

David, Robber - which is the Mataf site - is it one of the links in the header ?

I've been trading cable based on signals from a a pair of ema's on paper for roughly 6 weeks, with the very ocassional real trade thrown in. Currently flat after a couple of paper longs trying to catch a rebound. Looking to trade it for real in the new year after some system refinements (!)

Thanks ... Bob