Forex rebates on every trade - win or lose!

Seymour,

Although the GBP and EUR/JPY shorts do look to offer high potential, you should be aware of the high carry costs because of the BoJ next-to-zero interest rate policy. Sterling will probably cost you around 3.5 to 4 pips each night. For that reason alone, you may well see some players sidelined till after Easter.

Talking of Easter, I'll be away skiing next week. The Daily FX weekly calendar gif which is in the thread header currently has the URL of

http://www.dailyfx.com/images/stories/Calendar/calendar03-18-05.gif

On the assumption that next week's calendar will be obtained by adding 7 days, will one of the am moderators be able to alter the thread header accordingly please?

Have a good break Hilary - hope the skiing is excellent. I am away as well so won't be making any trades. Might be worth emailing one of the moneyam staff.

Just closed EUR/USD short from this morning for +47, which was nice

Good trade, jeffmack. I had a short on Cable from 855 and closed it for +12 on an oco, only to come back and see it had dropped another 50, and promptly lost it by shorting right on the turn at 91. Looks as if they may both be turning down again, though.

Well I've not known what to do for the best with the Europeans this morning, so instead have been running Dollar longs on USD/CAD and AUD/USD.

edit: Just closed the Loonie ..... in 2 minds on the Aussie.

Stuck with cable last night, and still running it.

Just closed it all again 18710 - time to stand aside and see how the land lies later. :)

Bloody hell, what happened to /Y - I opened a short at 19870 this morning, went out for a few hours, and it's 100 lower ! Not complaining of course. Was that just the CPI data, or has something else added to the weakness.

Thanks Hil, belatedly, for the heads up on the /Y opportunity.

chocolat,
Drinks on you then..:-) well done! must be at least 3X my puny effort
Stopped out for +100 cable short on the back of sacrificial long EUR/USD, -30. I love it when a plan comes together...

EDIT.

Now home from work

BUGGER! Counting unhatched chickens is clearly a talent, a spike which isn't on the charts I can view from work killed my cable short for a loss.....gutted!

Perhaps I should re-phrase, I'd love it if a plan came together...:-((

Only possible saviour is EUR/CAD short @ 821, fingers crossed it will save me from my own big mouth.

Hil,

Email en route.

D.

choccy well done .

almost time for falling knives?. 3 down days, some consolidation due before it makes up its mind if it's a continuation pattern still

Sorry to hear that Stormie, and thanks mos, but it was more of a battle this morning between crashes.
18700 was my target - but I started another short when I got home at 18713. There is no plan this time :S

chocolat,
So was I, what a moron! In return for your kind words, and in lieu of recent events, I think it only fair to warn you I also have cable short.....are you really sure you want to do this...:-)

small long with 30 stop from 675, last line in the sand, due a bounce even though I am sure it's going to 510 after that.

Certainly looking that way. Took some off at 670 earlier, but I'll leave the rest for now.

edit: added at 18700

Think you're good at Forex? Go look at this competition. Start with $50mill...



http://news.bbc.co.uk/1/hi/magazine/4376681.stm

been on it brian its ok ..not going to keep paying a fiver its fun

mos, do you have the link to the web site?