Forex rebates on every trade - win or lose!

yes and me also divetime. Just sold EUR/USD 1.3088, stop at 1.3105

I think we need Hilary's input here - or people who have been trading FOREX for a while and don't just rely on the charts. To be honest I "gambled" on the 09:30 figures yesterday and it came off. Not sure if I would have done the same for House Price figures - but that's the point - experience of the influence of "key" indicators requires experience/track record. I don't have that - YET.

My current "method" is simply to look at "relatively" big movements prior to 07:30 and then trade against them. That is based solely on my own observations of there being a degree of consistency that this happens. A "trade what I've seen" type of play - until the theory is proved consistently wrong - then I'll just try something different 'cos that obviously isn't a "pattern".

The result is that I'm short against the 30ish point rise. Looking for it to reverse post 07:30. If it doesn't then I've learnt something. If it does it gives me a bit more confidence to keep on doing it.

I suppose that makes me a "pattern" trader ;)

[EDIT - of course, everything comes down to interpretation - and the move down prior to the 30/40 point strike up might have been the move I should have been focusing on and that means my current position is all wrong - even based on the strategy I've been trying to follow - if you get my drift. Anyway - off day jobbing so c y'all laters]

Morning all. Small Euro/$ short at 1.3092.

edit. Stop 3105.

Ive noticed since trading fx that one of the biggest movers of the us dollar is the non farm pay roles figures, last year I was lucky enough (and it was luck) to be on the right side of a 250 point move in 10 minutes, I find that having bloomberg on all the time helps a lot as they usually know what figures will move the market.

no positions at moment as to busy at work.

mng all sorry late baby had me up all night...
8820 as i kept banging on about i feel is shrt term pivot ill be short belwo it long above but i do feel cable is trending higher @ mom..

MG, i think you have answered your own question,only you can gain the experience needed..and what you are trading MG, is known as the asian breakout,charting does play a major effect with fx, as so many traders use fib,macds stoch etc that they become a self fuffilling properchy,i for one am not a chartist but have had to brush up pretty quick...there`s no point trying to piggy back another traders gut feel as you will never see what they see.
not sure what your looking for MG, you are doing fine and eventually you will develop your own gut feel,but this can only be gained via expereince..
dont know if any one else whats to add anything ..to this ?
also ill add MG, considering you are not doing this full time your doing bloody well mate,ive the luxury of sitting here all day this is my full time job, most other posters..on here are in the same boat as you..so i wundt beat yourself up to much about it...

Euro/$ stop hit; looks like going up from 13100.

EUR/USD

Important support was found at 1.3055. A breach below here will probably face the second support level at 1.3.
On the other side, resistance starts at 1.3145 followed by 1.32 and 1.3290. We expect a new test at first support key
and probably a new rally towards 1.32 area. Current quote is 1.3081

Recommended trades:

Short at 1.3090, t/p @1.3060, s/l @1.3105

USD/JPY

First resistance is seen at 103.75 followed by 104.65 and 105.15. Important support was found in the 102.80/90 area.
Current quote is 103.32

Short cable 8855

bo shrt @ 60 stops in, there feel 55 shrt term top

Swissie 1790 support was? threatened. Looking to short $/CHF if it heads towards there again

hodg see belwo
yen

Intraday Range Forecast: 103.20 / 103.50
R: 103.66/103.92/104.35
S: 102.76/102.50/102.03

EUR/USD
Intraday Range Forecast: 1.3055 / 1.3085
R: 1.3109/1.3191/1.3223
S: 1.3024/1.3000/1.2973

USD/CHF
Intraday Range Forecast: 1.1825 / 1.1855
R: 1.1850/1.1905/1.1942
S: 1.1803/1.1788/1.1748

GBP/USD
Intraday Range Forecast: 1.8800 / 1.8830
R: 1.8855/1.8900/1.8940
S: 1.8797/1.8741/1.8702

AUD/USD
Intraday Range Forecast: 0.7735 / 0.7760
R: 0.7761/0.7814/0.7845
S: 0.7721/0.7681/0.7650

EUR/JPY
Intraday Range Forecast: 134.75 / 135.00
R: 135.14/135.35/135.82
S: 134.43/134.25/133.90

EUR/GBP
Intraday Range Forecast: 0.6940 / 0.6955
R: 0.6964/0.6981/0.7012
S: 0.6925/0.6916/0.6873

EUR/CHF
Intraday Range Forecast: 1.5445 / 1.5475
R: 1.5509/1.5515/1.5548
S: 1.5436/1.5401/1.5380


Intraday Range Forecasts: Provides 20-50 pips range forecast for close monitoring of the intra-day movements.

taken profit @ 38

bit early but had to jump and do some other stuff..

shrt term guys this 820 lvl in stg seems to be there
long @ 24 out @ 32...

ill look to short belwo..8820...stay long on bounces above..

mos. Same on E/$. Just taken 10 from a short and 6 from a long. But with a 3-point spread I would have been better off on Cable (of course!).

magg stop beating urself up 16 tics..
now if u can get that every day.and trade 10 quid a tic... 40 k a year..not bad.... think long term....

dont overtrade...sit it out and just wait...

i did bugger all fx yesterday but abt 3pm noticed 8820 cable was providing good pivot and traded that ever since......

Yes, mos. I'm happy with a profit of any sort. And am tending to take just a few ticks at a time. When I can do it consistently I'll trade 10 a tick! Have been to robbooker's site - some good stuff there. May try the seven-day free signal offer.

yep ob magg 10 quid just fig,ive chosen..for an example u just do things at your own pace.....
magg hes signels are strange they tend to be out of the market ranges and very tight ill post belwo here.


Trade Ideas
======================
Long USDJPY 103.84, take profit 104.00
Short USDCHF 1.1785, take profit 1.1769



those are his for today... bit out of market but around break out points..
thats his style nad quick 10 /20 tic profit...

Thanks, mos. What caused the sudden movements in Dollar and banks/insurers?

edit. I went down 19 on E/$ in a minute or so.

takeover rumurs fuelling uk banks again,but u.s futs just pulled back,piulling ftse with it,unless s+p breaks 75 iam pretty bearish magg.