Forex rebates on every trade - win or lose!

Thanks everyone, yes I am thinking of oco's which I have used well with stocks but even more vital with FX.

Davspeed, good to hear you're still around - I agree with everything you say. I've got into the habit of setting widish stops on stocks with smaller stakes & that works for me - much more profitable. Also using cmc s/b.

The other thought that occurs to me is if I (say) set a limit sell, I would place a stop buy above that as well so that a wild ride would take both out and protect me! Agree it's a good idea?

Really going for it now as I have a nice new laptop with lots of screen real estate - Chocolat eat your heart out ;-)

choccy
Unusually quiet ;)

Classic case of a stop saving my bacon - don't I feel smug - BUT tempted to dip in on a long around 2990.

[Ooooooops - found the Edit button have we - you are in a mess aren't you ;) ]

Long EUR/USD from 12960 - GULP !!

[EDIT - things to do - will probably check back in later - am leaving that trade to stew - stops in - but no limit this time]

closed my cable shrt from8900 @ 8820....


sml long @ 10

Correct, mg - that's where I shorted cable 18878...old bungee cat's been at it again and I ended up with a lapful of baked beans.

I'm off to work for less heckling :)

Tasty moves you guys.

Must try the baked beans in the lap method - sounds a bit kinky though.

Now, I've got my hat - I'm off

yep mg buggered if i know what went on there jobbed my long..more in the pot ,
small long ave 8769 take pro 8850.....

Had a nice lunch made better by my USD/CHF long putting on 75 points

yep jm usd on a charge..bush the war mongerer....

I pass the honour of MOTU over to you Jeff. Handle it with care ;)

Wassis then, mg - My Own Thong - Unused?

choccy
You wouldn't give me my other one back - the one I'm giving to Jeff has been wellllll used - phewwww - needed to get it out of the house - it's been trying to get out of the cat flap but it hasn't got a magent attached ;)

mg (Commando style)

Heyyy...I get to have tomorrow off work. :))
And after it took a lot of convincing as to why the wheels came off the LMS train precariously perched on one shelf up in the eaves here...and why there are still a couple of beans stuck in the keyboard, I must've got something right this morning after all.

Lots of juicy stuff tomorrow..

Economic calendar for week 5 from 3 Feb. 05 to 4 Feb. 05

4 Feb. 05 00:30  Retail Sales (Australia)  Dec    0.1%  4 Feb. 05 05:00  Leading Economic / Coincident Index (Japan)  Dec    36.4% / 60.0%  4 Feb. 05 10:00  Retail Trade - MoM (EU)  Dec  0.5%  0.0%  4 Feb. 05 11:00  Factory Orders - MoM (Germany)  Dec  1.5%    4 Feb. 05 12:00  Unemployment Rate (Canada)  Jan  7.1%  7.0%  4 Feb. 05 12:00  Net Change in Employment (Canada)  Jan  20K  33.5K  4 Feb. 05 13:30  Average Hourly Earnings - MoM (US)  Jan  0.2%  0.1%  4 Feb. 05 13:30  Change in Nonfarm Payrolls (US)  Jan  200K  157K  4 Feb. 05 13:30  Change in Manufacturing Payrolls (US)  Jan  5K  3K  4 Feb. 05 13:30  Average Weekly Hours (US)  Jan  33.8  33.8  4 Feb. 05 13:45  Fed's Greenspan to Speak on Current Account in London (US)        4 Feb. 05 14:25  SNB's Hildebrand Holds Speech in Zurich (Switzerland)        4 Feb. 05 14:45  University of Michigan Confidence (US)  Jan F  96.0  95.8  4 Feb. 05 15:00  Ivey Purchasing Managers' Index (Canada)  Jan

 

mng mos, how was 1 Lombard Street. You usually get a few posh sorts in their,all legs and no brains

Was long overnight EUR/USD 1.2980, it aint done much so will leave it in place

mng jm ...delicate mate...was taken there by some mates from icap..did our best to bring the level of class down to our lvl......
batted on got in abt 2.30...feel rough mate..

Ha, nice one. The wife will be at you now to go shopping or something when you only want to get back in bed

jm she`s already caught me out..oldest trick in the book..asked me what time o got in...i went abt 12ish....she went so it wasnt 2.33....doh..bang to rights mate...going to be a tough 24 hrs ahead..weve all been there...lol

EUR/USD - Euro Dollar
Short term (Intraday)
1,2973. EUR USD is in a range between 1,2930 and 1,3100. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The price is just above 1,2930 support. The volatility is low. RSI goes out oversold state and give a positive signal. The price should continue to move in 1,2930 / 1,3100 range. We won't take a position.
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
1,2980 - 1,3000 - 1,3040
Supports
1,2940 - 1,2930