Forex rebates on every trade - win or lose!

nice chocco...


any usd chf folowrs




Price: 1.1725

Resistance: 1.1758 ... 1.1790 ... 1.1810 ... 1.1840
Support....: 1.1710 ... 1.1670 ... 1.1635 ... 1.1584

Bias: Slightly mixed - though with a mildly bearish preference while the 1.1758 resistance holds

Bullish: Break above 1.1712 has seen a move that is approaching the 1.1756-86 congestion resistance. Indeed, any bullish scenario reqires a break of this area with resistance identified this morning at 1.1758-60. Should this break we would then expect to see gains extend towards 1.1790-1.1810 which could stall progress though later we would expect to see a test at 1.1886-94.

Bearish: Break of 1.1712 has caused the recovery to bite deeper and is now approaching the key 1.1758-60 resistance. We feel there is a good chance that this will hold and cause an initial drift back lower to the 1.1700-10 area which could stall temporarily. A break at 1.1700 is required to accelerate losses down to 1.1666-74, then below 1.1625 and we feel a stronger move could see 1.1543 later today

long cable @ 07
shrt chf @35

- cable @ 37
+ chf @ 09 :)

back later good luck

WOOF WOOF Cable

one thing i think i should mention but keep forgetting,is on friday about 3.30 onwards..watch the major`s its when the hedge funds black boxes get working and they normally take a position that matches the move`s for the previous week...

eur usd cable both moved lower following wekkly trend

it happens every friday and they always move the way on the weekly trend

usd chf a hedge fav at 3pm 1.18 5pm ldn close 1.18 30
it happens every friday so be aware of it easy money...

Thanks mos,will make a note for future ref. Sounds like a useful piece of info

Hil: If you're around, the new MoneyAM/marketStream service launched today gives you mobile FX at your dainty little fingertips. Your mate Doris started a thread on it this morning . . .

Is that the commode alternative that you showed me when I didn't meet you a year ago, D?

:o)

Hil: Indeed it is. It's pretty much exactly what you didn't see. :) D.

Mos, good spot

What time does FX start trading on D4F

It's 24 hrs jeffie
FX open at 11:00pm this evening

Cheers choccie, it was this evenings open I was looking for

late night then jeff..

Chocolat, I didn't know that - I've been looking for something I can trade in the evening after the kids are in bed. Can anyone offer any pointers as to where to look for instruction in FX trading - I haven't a clue (much)!!
Edit, just looked at the header - lots of links - Doh!!!

:) SC

For anyone else looking to trade FX markets: FX finishes at 10:00pm on a Friday. You can still trade FX 24/7 with most outfits (NOT finspreads, they finish at 21:15, opening at 7:00 Mon-Fri)

www.netdania.com is a good site to look at for streaming info.

Thanks Chocolat. Will watch and learn from you folks. Have to say this type of trading is probably a chartist's dream.

Sunday, January 16, 2005 20:23 GMT
Daily Report
By Forex Grand Capitals
http://www.ForexGrandCapitals.com


The Nazca Lines
As per the weekly base charts, the USD stays bullish across the board, as the JPY crosses do bearish.

Major currencies could not end up this week positively against the USD in the wake of trend reversal signs I particularly flagged first time on January 3rd, and reinforced last Sunday: "shooting star" (EUR/USD: bearish), "triangle" (GBP/USD: bearish), "bear trap" (USD/CHF: bullish) - all of these as encountered on the corresponding 1-week charts. But in fact, even some 1-month charts bring now some important signals, like the staying-bearish one on GBP/USD.

EUR/USD has been the forex pair where a major sell-off of impressive magnitude (in historical terms) - not really expected by most participants - took place during last week. During the current week yet the JPY crosses were the perfect victims. The sell-off seen on EUR/JPY and GBP/JPY has been fantastic with no sign of relief seen as of yet - while, falling under 78.50 AUD/JPY has just confirmed a spectacular formation as seen on the 1-week chart, consisting of two subsequent "head&shoulders" patterns.
We may have an important bearish reversal in progress on EUR/JPY - where on the same 1-week chart, an apparently "no-brainer" northward breakout had been seen in this timeframe not a long time ago out of a grand "symmetrical triangle". Several days behind I said the "bear trap" recently occured on USD/CHF ready to induce further bullish pressures on the pair (1-week chart) looked pretty much like the same pattern I saw in mid August last year on the Dow Jones (1-day chart). Well - on EUR/JPY right now (1-week chart) we have an almost identical situation in even the greatest details with what has happened recently on the Nasdaq 100 shares (QQQQ) on its 1-day chart, where a major breakdown has been receiving an extended follow-thru to the south up to date. Remains to be seen whether this resemblance will hold as well, even though I don"t believe history repeats unconditionally.

Sure it"s possible for corrective rebounds take place in shorter timeframes, and even the above mentioned are lines destined to show off what"s the dominant pressure to be considered by the strategic player. Remains to be seen whether we are currently dealing with impressive long-term trend reversals on the USD and JPY crosses, or merely a corrective period.
Especially on the USD across the board - as feared last Sunday - it is possible that a mid-term horizon of sideways, consolidative movement overall further take place - which is, quite spectacular intraday yet rather boring once timeframes are enlarged - before the next huge action should burst out.

Something else to bear in mind, SC (and any other venturers) is that the likes of the netdania site chart the cash (spot) market. I use a different package for futures, which, frankly, is more rewarding. It stores historical data, with 1 minute and tick data backfills, meaning that you don't have to be permanently connected for reliable information. The downside is that it is designed for traders who are using an Interactive Brokers account. IB provides actual quotes without any backfill. Although IB also permits you to store these quotes on your hard drive, the site I use is a more cost-effective hosting service. The good news is that they are currently developing a package that can be used independently of a broker. So if anyone is interested, mail me and I'll keep you posted.

By the way, the futures charting package mentioned above is not just for FX instruments.

Thanks, I'm only thinking of spreadbetting the cash prices in small amounts to start with so will use the cmc charts - after all, it's cmc's prices I'm betting on. A bit simple I know but I might go bigger in time and will look at the other packages later. Thanks for the info.