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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 - 01 Feb 2005 14:02 - 3226 of 11056

well it has been jm, to good in fact..hoovered a few up @ 85/88 and lost them all the way up to 30 and then went short....wont last..ill be sq 4 3pm ism figs..

mg - 01 Feb 2005 14:12 - 3227 of 11056

I doubled up @ 795 ;)

Not that sure about easy money though ..... dangerous to get complacent/too confident. Been there, got a wardrobe full of T Shirts and Videos.

Currently wearing my Cautious Charlie one !!

mg - 01 Feb 2005 15:42 - 3228 of 11056

Not so Cautious Charlie - long again from 790 - GULP !!

mg - 01 Feb 2005 17:31 - 3229 of 11056

Now that certainly wasn't easy. In fact, it was downright distressing for a couple of hours.

Still in there - JUST - and I'd be more than happy if it posted 825 - for a hard grind +25; +30; +35.

I'm not holding my breath - but I am moving my stops up - when/if there's a bit of breathing space above 18800

chocolat - 01 Feb 2005 17:39 - 3230 of 11056

Blimey, it has been slooow today.
Only just got home, looking good now, mg ;)

Maggot - 01 Feb 2005 18:16 - 3231 of 11056

Just got bqack from a good day's fishing. Well done, mg - it's hit 25. Took a few with a $/Yen short while I was away. I have come to love ocos. (ie plural of oco).

Now should I short Cable at 20? Yes - shorted at 19.

mg - 01 Feb 2005 18:25 - 3232 of 11056

All covered - hard grind but net +90 to add to my +40 07:30 play.

A good day - which added to my ulcers - miles better than the FTSE/DOW indices though. Better get off and check how the Chilli is doing. Just in case it's new to anyone - I make the best Chilli this side of the Yucatan ;)

mg (Modest Gastronome)

Maggot - 01 Feb 2005 18:46 - 3233 of 11056

Stopped at 30 for -11.

mostrader - 01 Feb 2005 19:25 - 3234 of 11056

mg ,ur becoming a demon cable trader..

mg - 01 Feb 2005 22:38 - 3235 of 11056

I thank you young sir ;)

mg - 02 Feb 2005 07:19 - 3236 of 11056

Tricky one this morning. No position as yet. Tending to favour a short. Triggers in @ 18880 to go short and 18780 to go long.

Divetime - 02 Feb 2005 07:24 - 3237 of 11056

Morning All, tried overnight long managed + 20 not been goog for me the last week,keep calling it wrong,must get in a different mind set.

mostrader - 02 Feb 2005 07:24 - 3238 of 11056

mng mg ditto...

mostrader - 02 Feb 2005 07:26 - 3239 of 11056

yep agree with mindset DT.,this week ive just seemed to call cable right mind you its sat basicall in878/8880 range nad just trends up and down...
ive basically just traded that tiny bit of chf..but i find less is more..
do one thing well than a few badly..

Maggot - 02 Feb 2005 07:31 - 3240 of 11056

Norning all. Kep getting up early to watch the start of Asian trading - can't see much this morning. Saxobank are generally bearish on the dollar.

Small long Euro/$ 1.3082 before eating my Weetabix.

mostrader - 02 Feb 2005 07:32 - 3241 of 11056

hope uve put 2 in the bowl mag.:)

mostrader - 02 Feb 2005 07:33 - 3242 of 11056

EUR/USD - Euro Dollar
Short term (Intraday)
1,3077. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 1,3100 resistance. The volatility is low. The oscillators indicate an overbought state. The trend should reverse. The target is expected at 1,3000. We could take a short position at 1,3085. We will put the stop loss above 1,3105 (-20 pips). The major target is 1,3000 (+85 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
EUR USD is in an uptrend supported by daily exponential moving averages. The volatility is low. Bollinger bands are drawing the trend. RSI goes out overbought state and give a negative signal. The price should consolidate.
Long terme (Weekly)
EUR USD is in an uptrend supported by weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should resume with more vigor..
Resistances
1,3060 - 1,3100
Supports
1,3020 - 1,2980 - 1,2950

mostrader - 02 Feb 2005 07:33 - 3243 of 11056

GBP/USD - British Pound Dollar
Short term (Intraday)
1,8834. There is an hoizontal range between 1,8790 and 1,8870. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Medium term (Daily)
GBP USD broke the triangle pattern's resistance. The pattern's objective is 2,0000. GBP USD is in an uptrend supported by daily exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should continue on 2,0000 resistance.
Long term (Weekly)
GBP USD is in a triangle pattern. GBP USD is in an uptrend supported by weekly exponential moving averages. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The uptrend should continue to gather momentum.
Resistances
1,8880 - 1,8890 - 1,8930
Supports
1,8825 - 1,8800 - 1,8750
Long term chart
GBP/USD - British Pound Dollar

mostrader - 02 Feb 2005 07:34 - 3244 of 11056

USD/JPY - Dollar Yen
Short term (Intraday)
103,78. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just bellow 104,00 resistance. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position.
Medium term (Daily)
USD JPY is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are drawing the trend. MACD is in a bearish configuration. The downtrend should continue to gather momentum.
Long term (Weekly)
USD JPY is in an downtrend directed by Weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bearish configuration. The downtrend should resume with more vigor..
Resistances
104,00 - 104,40 - 105,00
Supports
103,50 - 103,30 - 103,20 - 103,00

mostrader - 02 Feb 2005 07:34 - 3245 of 11056

USD/CHF - Dollar Swiss Franc
Short term (Intraday)
1,1885. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,1870 support. The volatility is low. Oscillators are neutral. The price has a good probability to go up. The target is expected at 1,1950. We won't take a position.
Medium term (Daily)
USD CHF is in an downtrend directed by daily exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are tightened. daily MACD crosses and gives a positive signal. The price should continue to consolidate. The price should find a resistance below 1,1800.
Long term (Weekly)
USD CHF is in an downtrend directed by weekly exponential moving averages. The volatility rises. Bollinger bands are drawing the trend. RSI is in a bearish configuration. The downtrend should continue on 1,1200 support.
Resistances
1,1900 - 1,1925 - 1,1950
Supports
1,1875/70 - 1,1840
Long term chart
USD/CHF - Dollar Swiss Franc
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