Forex rebates on every trade - win or lose!

Oh b*gger...I started a long around lunchtime at 18638. As it wasn't a brilliant entry, and I was playing around with some settings, I let myself get stopped out...I see it finally got going after I left for work :S

Ah well 2.5 points out after the auction. C'est la vie ;(

mostrader. Never mind, I've learned something else to look out for.

Chocolat. You were unlucky to get stopped out at that price.

chocco, theres a moral in that... stop playing with your settings..you will go blind....lol ....:)

OK, scores on Mos theory between 15:30 and 16:05
GBP/USD flat = flat
EUR/USD Down = down 9
USD/JPY UP = up 4
USD/CHF UP = up 14
EUR/GBP DOWN = down 7

Between 15:30 and 16:50
GBP/USD flat = up 54
EUR/USD Down = up 32
USD/JPY UP = down 43
USD/CHF UP = up 38
EUR/GBP DOWN = down 3

I guess timing is everything. Some dollar weakness, figures?

Actually, although I went well down on the Dollar/Yen long trade, it could be because of some intervention (there were news stories earlier in the week), so I can't dismiss the experiment yet.

Still have $/Yen short from this morning, last posted from late lunch when it hadn't moved but it's going now and trailing stop following

Ooooooooh - melted chocolat I think - bet you are well and truly miffed about that stop - given where it's now trading.

Just to make you feel better (I know, I know, that's not very likely) I've just planted a short on at 788 - pretty numbers and all that. Looking for 666 - to remind me of the evil one who lurks in all those corners you'de prefer no-one looked in ;))))

Yen gain lock will hit while I'm on here.
I don't subscribe but the Harry hindsight site run by Adrian P- I can't remember the last name has long stated the Friday PM effect when all the big institutions phone one another and decide? which way the crosses will go. He claims to receive these calls but I'm sure we can work it out for ourselves.

Looks like the Hooray Henrys have decided on 18800 for cable then !!!

yep - just gonna wait a bit...you little devil

18804 - stop at 30 *gulp*

Don't you mean wait a bitty - 'cos I'm a cool dude like wot those FTSE/DAX traders are. I'm short again - 'cos I'm 'ard ;)

And, true to form, it's time for Friday Night Balti.

Good luck - it's 666 from here - so I hope that bit of fiddling you were doing with your bits is ready with the "outta here" message .......

Tough stuff sometimes

SAS Trader - who thingymybobs dares.

mg (Macho Go-getter - even if my name is Malcolm - sulk - it's not my fault, I blame it on my mum)

chocolat. On cmc the highest sell price was 1.8802; who are you with, or is it a CFD?

edit. No - it was 05. Sorry.

hodgins, pattern......

Not going for the bucket tonight, MachoGeezer, but I'll be outta here later
stop firmly in place... maybe :S

My friend has a cat called Malcolm..

choccy
Is he 'ard like me - with half an ear and other war wounds from protecting my manor ;)

That's it, mg - with an M on his forehead, he only has to see his reflection somewhere to remember his name...although he grew up thinking he was a mutt :)

U.S. DOLLAR MARKET ANALYSIS
Saturday, January 22, 2005 14:18 GMT
Weekly Commentary
By Investica
http://www.investica.co.uk


Long-term dollar vulnerability
The dollar remained generally firm over the week and the US currency strengthened to a high of 1.2925 before a retreat back to 1.3050 in New York on Friday. There are still conflicting forces on the dollar and the data this week offered some near-term advantage to the US currency as structural fears have eased. There will still be major doubts over longer-term trends.

The prime focus as far as data is concerned was the Treasury capital flows data. There were inflows of US$81.0bn for November compared with a revised US$48.3bn in October. The headline data eased immediate fears that the US would face difficulties in securing sufficient capital inflows to offset the current account deficit. There will be some doubts over the quality of the inflows and there will also be concern that the weak Wall Street performance in 2005 will discourage capital inflows as well as pushing capital out of the US. Nevertheless, there will be reduced short-term fears over deficit financing. There will also be optimism over repatriation flows generated by the administrations 2005 tax break. The overall impact may be relatively low, but speculation over inflows will help to curb aggressive dollar selling.

The Philadelphia Fed index weakened to 13.2 in January from 25.4 the previous month and there was also a decline in the New York manufacturing index. The interest rate trends have remained significant and there has been a barrage of Fed comments over the past week. Fed Governor Poole, for example, warned that the Fed would be prepared to make more aggressive action to keep inflation under control. The December inflation figures were slightly weaker than expected with a 0.1% decline while the underlying rate rose 0.2%. The Fed will be concerned over potential wage inflation and will certainly monitor the situation closely, but the most likely outcome is that the central bank will continue with measured tightening and 0.25% rate increases. There were hints to this effect by Greenspan in a magazine interview and it is Greenspan"s view that counts.

G7 exchange rate policy will remain an important market focus. European officials are likely to push for Asian appreciation at the early-February meetings, but there is no evidence yet that Asia is prepared to take action. Further resistance to Asian gains would increase the risk of fresh upward pressure on the Euro given that markets still expect dollar trade-weighted depreciation. There is still the longer-term potential for Asian appreciation which would ease strengthening pressure on the Euro. There will be underlying buying of Euros by global central banks which will offer good Euro support against the dollar.

Check out your laptop, mg ;)