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Closed the lot at 19319
Blimey, that was some ride :)

Hmm...no plans for a longer term cable short yet

Does anyone know where to download eod FX prices (free!), both current and historical, so I can backtest some theories? Still intrigued by Hilary's suggested strategy. Quite happy to have a 100pt stop if it gets the result in the end.

Thanks Hilary. There don't seem to be many systems which can cope well with both types of market, so this is definitely worth looking at.

Interesting stuff on the /Yen cross. Any theories on ebbs and flows at different times of the year. I only ever traded this cross once, I was told at the end of July last year that this cross always goes down in August (I would need to review the exact reasons) which you can see it certainly did but I decided to get in early just before going on a long weekend, it was less than half a handful of points fortunately but with a very wide stop, well I was running a small profit on departure and only a tiny loss on return and the entry point still looked reasonable but then along came a blue candle of over 200 ticks and then a big upward intraday spike on a down day where I can still see my stop hit virtually at the top of the range. Of course it then dropped close on 1,000 ticks in a week and a half. Muppet trader probably but I would love to know any theories on catching close to turning points and also the relevance of different times of the year. I would need to check exactly why but I think into the end of March has significant relevance over there.

hodgins havnt really looked into stgyen but i think jap tax year ends march.. and they see repatriation of funds..

Free end of day prices on all manner of stuff from:

eoddata.com

You need to register with an email and there's only 4 weeks stuff available but still useful.

mng all usd still looking v weak...

Started a eur/jpy long this afternoon 13878 - taken profit 13931, but hanging in and adding. Scalped a few off cable longs this morning - but dug myself in again 19210.

Huge bond drop off- out of Europe, renewed yen strength-relative, Euro stays strong. Bonds drop should theoretically have sent dollar to the races. Wonder ir that shows significant dollar weakness ahead or TLT relief rally off 88 and dollar down meets somewhere halfway?

Evening all.... Has anyone been watching /Yen today? After Hilary's ex. post yest. have taken an initial short with small stake and wide stop, may be jumping the gun but prepaired to give it a try, looks to have topped and MACD rolling over.

$/CAD is not a pretty sight - but there are some lovely movements in there, using 1 minute chart. :)

great call on /Yen to anyone who got short yesterday. I know it is volatile but definitely worth watching

Missed it today! Looking for more retrace then.
Thanks Hils.

Long cable @ 39...... lost link & no stop! With my record this was serious shit, only just got back on, and placed +40 stop.........breathing again for the first time in 40 mins! Why the F*** do I do this?
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Cos I HAVE to lol!

well busy enough for everyone yesterday.....??
same again i feel today.....
kozumi`s comments set he ball rolling overnight...
BOe rate decision...unchanged expected...

GBP/JPY turned yet? Still waiting to take a position.

hilary.that stg/yen pair works pretty well intraday as well i trade gbp/nzd as a pair with cable,but intrest rates on both dont always give the vol,iam looking for,but had a good few out of stgyen intraday ..past 24hr..seems to be a good pair to trade alongside cable..
cheers\mos..

I think that yesterday's GBP/JPY intraday volatility was the exception rather than the rule (as a result of the 9:30 trade balance). Nice clear signals which held. Normally the intraday signals are a lottery and it can whip like mad.

Caught out by that nasty spike down on Cable at 9am, which hit my stop. Still looks as if it will go up, though. Think I will wait for a break above 310.