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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!

Maggot - 27 Jan 2005 09:58 - 3109 of 11056

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.

mostrader - 27 Jan 2005 10:04 - 3110 of 11056

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...

Maggot - 27 Jan 2005 10:17 - 3111 of 11056

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

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

mostrader - 27 Jan 2005 10:19 - 3112 of 11056

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.

mostrader - 27 Jan 2005 16:06 - 3113 of 11056

been trading 00 40 with 20 pivot cable,got sidetracked trading s+p on us open missed the spike higher may look to short @ these levels..

mostrader - 27 Jan 2005 16:08 - 3114 of 11056

shrt @ 58 cable

jeffmack - 27 Jan 2005 16:38 - 3115 of 11056

not looked since this morning. Couple of bad trades last 2 day, but theres always tomorrow

mostrader - 27 Jan 2005 16:39 - 3116 of 11056

jm ive been v busy with stocks as well as indices but been jobbing cable...

hodgins - 27 Jan 2005 18:49 - 3117 of 11056

zzzzzzzzzz!!!!!
sitting short but only a few in front on $/Yen (didn't like 350) and $/Swiss (didn't like 880). Willing to hold for a while and not in but Euro seems happy above 25 also.

chocolat - 27 Jan 2005 19:01 - 3118 of 11056

Looking for anything near 18917 cable now.

Addo - 27 Jan 2005 19:30 - 3119 of 11056

I need to get some dollars for my holiday, when should I buy them ?? about $600 worth

mostrader - 27 Jan 2005 19:39 - 3120 of 11056

when u going addo.and where u getting them from 600 bucks .. you best bet prob take 100 bucks nad get rest out of atm in u.s....get a much better rate

chocolat - 27 Jan 2005 19:40 - 3121 of 11056

Ah....Mauritius Addo :)

mostrader - 27 Jan 2005 19:41 - 3122 of 11056

maur//ok forget atm..:)

chocolat - 27 Jan 2005 22:21 - 3123 of 11056

all set for 18917 :)

hodgins - 27 Jan 2005 22:23 - 3124 of 11056

congratulations! I think you are there

chocolat - 27 Jan 2005 22:28 - 3125 of 11056

WOW !!
:)

Addo - 28 Jan 2005 06:53 - 3126 of 11056

chocolat, it's not too late, I can always get another $100 if you're coming.

jeffmack - 28 Jan 2005 07:01 - 3127 of 11056

 
SHORT-TERM FORECAST ON FOREX MAJORS
Friday, January 28, 2005 4:21 GMT Daily Report by BetonCurrencies http://finance.groups.yahoo.com/group/BetonCurrencies/  
Short-Term Forecast on Forex Majors
For over 60% winning trades, please go to our website everyday.
Currency Pair Short-term Trend Trading Strategy
GBP/USD lower sell
USD/JPY higher buy
EUR/USD lower sell
USD/CAD higher buy
USD/CHF higher buy
AUD/USD lower sell
EUR/JPY higher buy
EUR/GBP higher buy
GBP/JPY higher buy
GBP/CHF higher buy
EUR/CHF lower sell
NZD/USD lower sell
   
By BetonCurrencies Web: http://betoncurrencies Email: betoncurrencies@yahoo.com  

mostrader - 28 Jan 2005 07:15 - 3128 of 11056

General Outlook:
Price: 1.8885

Resistance: 1.8927 ... 1.8943 ... 1.8980 ... 1.9036
Support....: 1.8843 ... 1.8820 ... 1.8792 ... 1.8745

Bias: Cautiously while 1.8840-50 supports there is room for a rally to 1.8983 at least and possibly 1.9036

Bullish: This morning's break above 1.8885 to reach 1.8927 appears more bullish. Thus we would like to see 1.8840-50 providing support here to allow further gains to be made. Back above 1.8927 would allow a move to 1.8983 at least and we feel to the 1.9036 Fibonacci resistance.

Bearish: With the break of 1.8885 we feel the downside needs to be put on hold. We see support at 1.8870 which could hold and then again at 1.8840-50 and a breach of this area is required to generate weakness for the Pound. If seen we would then expect losses to continue towards 1.8792 at least and probably down to the 1.8735-55 pivot support area.



Elliott Wave Comments:
28th January 2005

The break of the 1.8885 resistance tends to suggest that the 1.8524 low actually provided an end to the first part of the decline. This would imply a complete pullback to the 1.9548-1.8524 decline with resistance seen at 1.9036 (50%) and at 1.9157 (61.8%) at least.

The only risk to this is that the move since the 1.8644 low has been an expanded flat correction which would imply a cap around 1.8936. However, we tend to give this lo risk weighting.


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