Forex rebates on every trade - win or lose!

mg,

Forget about the tales of Asian CB's supposedly rushing to the EUR/USD bid at 1.3120 to stop it breaking down. There's only one side of the market to be atm - long greenback, against all the European majors.

Serious Point !!
Been away from the fray for a fair few days - and only back for today. I decided to be ruthless in the way I approqched the market. No tears over losses - conservative over gains. Reality is that I was always going for the "BIG ONE" - today I was happy with 10, ecstatic with 20 and unmoveable when it was -10 and/or -20. It's worked a treat. So net about +50 but I find myself really comfortable on the trades - big difference from the ALL OR NOTHING approach I have been adopting for a while.

Could be very interesting moving forward.

think stg move a bit overdone ..long @ 69 ...

hilary u got a view aus/usd....?

mg as u say i do "job it"..... not every ones cup of tea,but suits me ,i am religious with my stops... and totally unemotional.

14:50 AUD/USD: Decline Continues, AUD/NZD Selling Noted] New York, March 3:
Aussie is still on the defensive after the market easily rejected the rally to
0.7850 today and cross selling is heating up. AUD/NZD has fallen to a 6-week low
at 1.0739 and there is talk that large stops below 1.0720 could trogger a fall
to 1.0650. Prices are hovering just above the session low and awaiting the next
batch of supply.
Aussie for its part fell to 0.7825 as the early morning exuberance has been
replaced by a more somber mood after the pullback. Bids are noted at 0.7820 and
0.7800, but a fall below the latter will bring central bank bids into play. The
weak data should continue to weigh on prices and copper prices look like they
are getting tired after a strong rally. Look for Aussie to slide further and
make a major decision on future direction near 0.7720/30.

hils
Which is it - body or soul - both second hand - but well prepared for what you might need ;)

yep read all that hil cheers iam shrt @7876......... intresr rate hike didnt realy help much just in 2 minds weather to run into nfp`s........ feel we cud be due a decent correction....

sld my stg@94

Personally I would stick with it for now, mostrader, based on the dailies so as it give it a bit of time to work.

long @82

yep think i prob will, gut feeling..

out stg @ 97

stg seen a decent move back from critcal 70/75 level feel ahead of NFP going to be this 75/25 range....

wil prob square up ahead of NFP,call is plus 225..ive just got a gut its going to come in under....

mos,when is NFP then ????

tom mega..exp 225ish but that means bugger all cud come in anywhere....
but these curr @ i feel crossroads eur rejected 3268 ..tested 3164 today the otherday stg tested the 9070 level today.......
tom will be intresting prob normal big fig move after figs then get a better feel 15 mins after figs......

cheers,me old mucker :-)

hils...serious question...what charting package do u use e-signal..and does it genrate fib level`s ..or do u have to input high low etc...

mostrader,

I use the free stuff on the net .... FXtrek Intellichart (favourite) and NetDania (which Tellon suggested one day when FXtrek were down). I then input data manually into my own spreadsheet. I'm not a scalper and am hopeless at it. I have 2 strategies, one involves staying in a trade for at least a few hours and the other for several days or weeks and pyramiding the position.

hilary,yep iam trying to wean myself off off scalping..done 26 round fx trades today but basically i want to try to be more of a position trader..but old habits hard to break.....
the few hour senerio is one iam trying to get back into...
have a good evening..appreciate..ur input.
cheers
mos