Forex rebates on every trade - win or lose!

Morning All and Happy New Year.

Tried a small long this morning myself and was out for -35. Not a good start to the new year. Back tomorrow AM hopefully for a win..

shorted cable at 1.9016, closed at 1.8998 like a muppet and watching it down at 1.8960 !

2 good shorts and 1 long on cable this morning. but how far back up is the USD/JPY going to pull (hopefully 103.9 ish)

Support at the last of support or more downside. If we get downside it could be more pronounced than the upside but the upside may be overdue?
I am sure that skiing in Canada over the last two weeks was easier than this.

:)

Took the Short myself.

yep, short for me at the moment as well.

Still not traded. looking to go long on cable below 8710. (If it happens before 12 when I am off to play golf)

Stopped out for +37 Been a Bearish week so far.

Got stopped out on that spike for +25 (x2).
Still holding one short open with a wider stop with the aim of closing friday

Morning all, anyone with a plan

Still looking for an opening trade. Think downside limited to 8710 area on cable but no coherent strategy has come to mind so will wait and see.

mng boys and girls i dont normaaly post on here,but normally you can find me on ftse 100/indexe thread,but started to dip me toe into fx again,
being and early bird and ex/ fx broker iam well aware of moves that happen around asia/europe handover ...bit early for some 5.30/6 am our time.
iam long usd yen 104.13 since ldn trade 470 seems to be good support.
iam quiet happy with that and ahve set a stop just below 70.

ill try to give a bit more info views as days go on just feeling my way back in
cheers\mos

mostrader: Looking forward to your commentary.

dont get to excited mm,just feeling my way back int fx...
but usd yen today 75/05 basic range....
cable saw a nice bounce of of 87.00

mg all, watching levels dlr yen 104.50 105
cable 187.00/187.80 watching for breaks above 80 in cable

and 104.50 to hold dlr yen...
but wiht unemploymeny today will be choppy...

morning all, Just watching at the mo, no plan yet.

yen testing 50, cable testing 80 going in to ldn trade

Careful ...... HBOS moving cable atm but it's not having the same effect with EUR/USD

Halifax House Price Index

National Index December 2004




All Houses, All Buyers Index (1983=100)

Index (seasonally adjusted) 524.6 Monthly Change 1.1% Annual Change 15.1%

Standardised Average Price (seasonally adjusted) 162,086





Key Points

House prices rose by 1.1% (seasonally adjusted) in December and, on a
quarterly basis, by 0.1% in Quarter 4. This was the smallest quarterly gain
since 2000 Quarter 2, providing further evidence that house price inflation
is slowing.

House prices increased by 15.1% in 2004, but by only 2.8% in the second
half, with the annual rise last year the smallest since 2001 when prices
rose by 11.7%. (2002: 26.4% and 2003: 15.4%.)

The three northern English regions recorded the biggest price rises in
Britain in Quarter 4: North West (3.0%), Yorkshire and the Humber (1.2%) and
the North (0.7%). All other regions in Britain saw a fall in prices during
the quarter with the biggest declines in Wales (-6.2%) and the South East
(-1.6%). Prices in London fell by 0.5%: the second successive quarterly drop
in the capital.

There was a clear north/south divide in 2004. The biggest annual house
price rises were in the North West (27%), the North (26%), Northern Ireland
(24%) and Yorkshire and the Humber (22%). The smallest annual price gains
were in Greater London (4%) and the South East (7%).

The differential between the average house price in the south1 and its
equivalent in the north1 has fallen by 15,000 from a record 99,000 in
early 2003 to 84,000 at the end of 2004.

Scotland is now the only region of the UK where the average price remains
below 100,000 (99,056). London remains the most expensive region with an
average price of 241,670.

Housing market fundamentals remain sound - a strong labour market,
historically low interest rates and a shortage of housing supply - which
should curb the extent of the downturn in the housing market and result in
only a 2% fall in house prices this year.

The continuing signs of a genuine slowdown in the housing market are
likely to reduce the pressures on the Bank of England to raise interest
rates again. We believe that base rates have peaked at their current rate of
4.75% and that rates will end the year at 4.25%.

running small $/Swiss short targeting 1.1670 or 1.16
before this afternoons possible dynamics
CAD worth watching around 12 as usual on these days