Forex rebates on every trade - win or lose!

Had 2 open triggers set overnight - one to sell at 739 the other to buy at 666. I'm with the 739 sell which triggered around 07:00 on that spike. I've now removed my buy trigger but may set a limit around 600 - which would be a nice start to the week.

MG have you contacted Scrip yet re golf? Have closed my cable short and waiting to see how strong support is at 8710.

Bobcolby. I see you closed your cable short seconds before it dipped down... glad to see I'm not the only one who does that!

Maggot. I have a knack for this sort of thing. just gone long at 93, but ready to reverse trade if drop continues.

mostrader,

If you'd bothered to read the posts, you'd have realised that trading during Asian hours is exactly what a couple of posters were proposing. With your 15 years experience, I'm sure you'd have learned that the vast majority of the Cable money changes hands between 7am and 2pm London time and the market seldom moves anywhere during Asian hours.

Bob
Not yet - one of my "Things To Do" ;)

hils , iam not getting into a slanging match yep we are all aware of that,but if you scroll back we are talking about the asian/europe handover,i.e 6am cet to london open....stick up a chart and see what movements we have. most days but not all big ben chart movements.....
but once again thks for your input.....
i would value it as would many other posters on this thread,which if we are both honest tends to die most days by 9am,but now a few more people are dipping there toes in and would probably value a constructive statement/comment from you thats all.

DAILY SIGNALS ON MAJORS
Monday, January 17, 2005 8:01 GMT
Daily Report.
By Forex Capital.
http://www.fx-capital.com


Daily Trading Strategy

EUR/USD
Action: Buy AT: 1.3390
Stop/Reverse: 1.3050 Target: 1.3170

Support: 1.3100, 1.3075, 1.3030
Resistance: 1.3120, 1.3170, 1.3200

GBP/USD
Action: Buy AT: 1.8700
Stop/Reverse: 1.8660 Target: 1.8800

Support: 1.8700, 1.8655, 1.8610
Resistance: 1.8750, 1.8820, 1.8850

USD/JPY
Action: Sell Dollar AT: 102.20
Stop/Reverse: 102.50 Target: 101.60

Support: 101.80, 101.25, 101.00
Resistance: 102.35, 102.80, 103.20

USD/CHF
Action: Sell Dollar At: 1.1815
Stop/Reverse: 1.1850 Target: 1.1740

Support: 1.1790, 1.1710, 1.1670
Resistance: 1.1840, 1.1885, 1.1920

Each to their own mos - some people post a lot, others don't care to. That's just how it is.

Moved my stop to breakeven and opened a Buy To Open @ 600. We'll see, although I kinda feel we may have a rather boring day with the US on their hols.

mostrader,

I'm not into slanging matches either and I agree that the moves between 7am and 8am can be lucrative. As I read it though, at least one poster was interested in trading around 11pm UK time .... not a brilliant idea imo.

Going back to the handover, most banks won't allow their rookie traders to enter the market before 8am so, given the exceptionally low margin requirements to trade Cable, I personally don't think it's too good an idea to encourage players who have only just started looking at FX to enter the market at it's most dangerous time.

well said hils,,good valid point..... just trying to get diff views on this thread and we have started to get that a lot more posters,iam aware you started the thread.and it would be a shame to let it disapear which it does most days..
am iam being sincere thks for the post....

Hils
Was that me. I was asking what time the trading started on D4F which was 11:00pm last night, but I was not trading. I have started to look at about 06:00/06:30 because it suits me to maybe make a trade before I leave home for work.

Would be good to see more input from you on here as you have done in the past.

Love and kisses

Closed long at 96. Going out for awalk and shops

long @ 29 stops on

Closed my overnight triggered short for +110 - luvverly start to the week. Can now get to my boring afternoon jobbie meeting with a smile on my face.

Off to see a bureaucrat for machiavellian discussion where he doesn't tell me what he knows and I ask him purile questions that I know he won't answer anyway. Bound to be so exciting - but he won't know why I've got such a big grin on my face ;)

Still got an open order to buy sitting @ 600. Be nice if that triggers and it bounces back - that would be orgasmic !!!

steady mg........

PS
Looking at the Daily Chart I think we're close to a major crossover in the MAs - could be big time down move the way I read it - so maybe I should get rid of that 600 buy. Will decide in the next hour or so........

MG, well done on your +110

yep stopped out flat........wanted to c if 8630 held ..nope going to let it go think they amy push it around in the thinmrk this avro

Cheers Jeff - part of my new strategy of attempting to leave positions to open about 100 points apart - sell at the top of the range buy at the bottom. Always assumes I've got the range reasonably judged. Caught me out the other day when US announced balance of trade figures - zapped very quickly only to find it soon went back below my target position.

Then, of course, there are those days when it trades in a narrow range - so no open positions either way.

Still learning - but love the buzz of cable ....... famous last words perhaps.