Forex rebates on every trade - win or lose!

yep dav know where u coming from.not sure if u use cmc,but ive no real probs with them they where a pure fx co to start with and its been them who have driven the spreaddown to our advantage,if it wernt for them all the others wud prob quote 10 itcs on all the majors....

chf breaking up got out to early


one thing to watch is the hedge funds,about 3/3.30 each fri there black box sytems get to work and normally they will trade in the way the market has been trending the previous few days..it does happen...just be aware of it...

Stopped out of Cable short at 57. I'm not very good at this.

I only use cmc as apart from long term investment I only spread bet for my short term trading. As I work full time I think I already pay enough tax so when I make money spread betting it feels good to know that the profit is tax free.

Excuse me... what is this thing p-r-o-f-i-t?

Another reason I gave up stocks is that I work shifts and that makes it hard to keep track of positions, some times I go to work and its quiet and I can look at the screen but mostly Im very busy so I can't monitor prices so it is easier to concentrate on one or two fx rates do trades at home and leave oco orders to close. I have found that if I concentrate on a very few trading instruments it may be a little boring but I make money which is what were here for.

Maggot, after 4 years trading I have only recently discovered it hope to stay aquainted from here on

Maggot, don't ask me. Hope to become aquainted with the concept soon :0)

sure dave, yep suits better..fx is 24 hours, got mates who trade out of nz/aust
ideal world market as you can trade it from anywhere.. no gaps or bad news out bfore bell and getting marked down 20 %..can see the angle....

just bought EUR/USD 1.2965, stop at 50

still sitting about even short $/Yen from earlier with widish stop

shud of held my chf had right idea got out far to soon and missed the turn..

since that 9:30 spike its been slow

yep thats what threw me jeff got side tracked with cable nad took my eye of chf which was my original trading idea...

No more data out today. Id close of and wait till next week. Which I have done.

Have a good weekend all.

ltr tellon

mos, what you thinking about for the 3-3:30 positioning by the black boxes

well jeff, its not hard and fast but i know a couple of ex ubs guys got a small fund they pointed it out to me and it does seem to follow did last fri and b4 that,and we no figs out so shud make it easy tospot they normally trade in the same way as previos weeks trend .
may be worth just watchin jm,
i wanted to be long usd chf was first thing but got out as ive prev said...
just watch it c it it happens again...
think usd yen eurusd and dlr chf is where it shows up... best

OK mate cheers.

Looking at the charts the week shows
GBP/USD flat
EUR/USD Down
USD/JPY UP
USD/CHF UP
EUR/GBP DOWN

yep ok just follow ,it prob will do bugger all,i sat in thee office b4 xmas and they told me ..@ 2.30 where everything would be @ 4 and they where on the whole right ,direction wise not exact prices.......


yep cable retail sales have buggerd that or i would put that as up, in fact i wud go with up for cable..