Forex rebates on every trade - win or lose!

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.

MG nice one and well called. I will probably go long cable at 600ish if recovers against Euro.

long stg @592

Take care with those longs

DAILY FX MARKET ALERTS
Monday, January 17, 2005 15:34 GMT
Daily Report
By Fxtoday
http://www.fxtoday.co.uk


Latest currency alerts
17-01-05. Sterling has weakened to just below 1.86 against the US currency not helped by a weak Rightmove housing report. Further evidence on the sector is due overnight. Sterling is also likely to suffer from a lack of investment inflows with attention focussed on Asia. A dip below 1.8550 could expose Sterling to a decline to at least 1.84 and possibly 1.8250.

been short cable since 1515 @ 8595. Has hardly moved in last hour

jeff i took waht small profit there was @ 99....

Returned to find my 600 buy position is now open. Not sure if I'm pleased about that - YET. Will tell you in a couple of hours. Stop and limit in place.

mg going to be thin trading with no ny..mg

Made good points on the way down so not looking to chuck them away - would be happy with 25/30. Stop would lose me same. Agree that it's likely to be a thin range from here.

Looking reasonable so far. Be happy if it gets through 625 - stretched my limit up a bit more and looking to slap a stop in at breakeven - a bit too close for comfort just yet.