Forex rebates on every trade - win or lose!

Morning. Saxobank suggested resistance of USD/Yen at around 103.75 so I've shorted at 77. Had a nice lobng on yesterday at 103 which was just stopped out before going up (of course).

maggot,keep trying, with stops around big figs, sometimes pays to set a little wider than normal,today i went long usd chf @ 11910,felt it coud retest old supp res @ 11900,so set stop a bit wider,@ 11885,now if it broke thru 11900 and got a big sell i would be stopped out.. fair enough .but what happened is it went below 00,down to 11895 few stops prob taken out,,then up back thru oo and i sold @ 11918.... now if i set my stop say @118 98 id of been stopped out but would of had the right idea...sounds a bit like what is happening to you.
just soemtning to bear in mind just be a little bit cleve if setting stops around big figs or levels...

Thanks for the encouragement, mostrader. I simply need to be braver and allow an extra 10 points. My Dol/Yen stop is at 86; perhaps even that is too close? Trouble is I don't like losing money!

yep magg , fx is diff everyone is the same but you need a diff way of thinking,i am still like you its tough but i knd of think that if i do 10 trades 3/4 may go wrong but it gives me a good indication of where mrk really is going...

as it sounds like you have right idea`s,but as you say need just to tweak your stops a tad

Stopped out of my USD/JPY flat and closed my EUR/USD for +63

Any views on if 1.3 EUR/USD will be breached

Wot happened on Cable, then?

70 points straight down. Must of been some 9.30 figures

retail sales down 1%

I'm long 1.8639

Whoooooooooaaaa.

Didn't catch that one - hope no-one was long. A bit miffed 'cos I had been looking to short around 700.

Don't you just lurve FOREX trading ;)

*cough*

stg long @ 20 stops on...

long again at 1.8617

Long at 23.

Got a couple of buy orders to open @ 18600 and 18550. Don't see it reversing before it's tested 600. Only my opinion, of course.

yep mg timings everythinhg...

cabbbbbblllllllleeeee !!!!!! 50 now res if we get up there,,,,
stop @ entry....

Good luck to you knife catchers. Off to do some more boring stuff - will leave those orders in - see if they get triggered. Hope you guys have milked it before then.

stopped out for a net +10