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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

mostrader - 24 Jan 2005 08:04 - 2991 of 11056

stop out of chf.
still looking to get back in 1800 lvl

Maggot - 24 Jan 2005 08:05 - 2992 of 11056

Very cold here, and snowy. Came in from trying to de-ice the wife's car to see Cable breaking up; went long 05 for +15. It's still going up (of course)

mostrader - 24 Jan 2005 08:17 - 2993 of 11056

magg still a profit..with fx ,,you have to forget all deals ntg u can do,my first trade on chf ,a loser..nt bothered just move on..you are never going to get every move right....guys i know who work for the hedges look to get 3 out of 10 right,but the 3 they do get right,,make the money...

Maggot - 24 Jan 2005 08:25 - 2994 of 11056

mostrader. Letting profits run is so difficult on FX, at the start of a move. So often I've been 10 points up only to see a spike down and immediately I'm losing; I let it run and am soon 20 points down. I am looking to take just a few points for a few weeks to see if I can make a profit, because my records show that I tend to lose on FX what I make on stocks.

mostrader - 24 Jan 2005 08:28 - 2995 of 11056

sure magg, thers no art to taking profits ..theres never a good time or bad time,just get a feel for a certain currency and then you will feel more comfy with the moves.

jeffmack - 24 Jan 2005 08:58 - 2996 of 11056

just got into work to see I was stopped out of my cable short for -30

mostrader - 24 Jan 2005 09:19 - 2997 of 11056

yep jeff all abit choppy this am..

chocolat - 24 Jan 2005 09:29 - 2998 of 11056

Closed Friday's short @ 18770 this morning - you're right, Maggot - take it when it's there. :S Going to wait and see what happens if it has another pop to the 30s.

mostrader - 24 Jan 2005 09:35 - 2999 of 11056

chf bounced off support bang on @ 06,gone long @ 09

jeffmack - 24 Jan 2005 10:15 - 3000 of 11056

Eur/USD seems to have stalled at the 1.3085 level. I'm short 1.3082

jeffmack - 24 Jan 2005 10:34 - 3001 of 11056

short some more at EUR/USD 1.3088

Hotei - 24 Jan 2005 10:53 - 3002 of 11056

short cable at 1.8826, stop at 41 ...
(edit) ... and out for +31

jeffmack - 24 Jan 2005 11:28 - 3003 of 11056

Get down you bitch

mostrader - 24 Jan 2005 11:55 - 3004 of 11056

ype slwo mng here stuck in shrt term ranges

jeffmack - 24 Jan 2005 13:08 - 3005 of 11056

closed my EUR/USD short for a net +28 and reversed at 1.3060.

Hard work this morning

mostrader - 24 Jan 2005 13:21 - 3006 of 11056

yep jm slow monday..

jeffmack - 24 Jan 2005 14:24 - 3007 of 11056

closed my EUR/USD long for +28., so not a bad day. Now flat

mostrader - 24 Jan 2005 14:28 - 3008 of 11056

nice on e jm....jobbed chf,now flat myself..need a bit more dis,right idea timing all wrong.

dclinton - 24 Jan 2005 16:29 - 3009 of 11056

Interesting front-page article in the FT today about central banks starting to move significant chunks of their reserves away from the dollar into the euro. Seems they no longer feel comfortable financing the US deficit.

jeffmack - 24 Jan 2005 20:46 - 3010 of 11056

had a limit order hit to sell cable at 1.8814. Stop at 32
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