Forex rebates on every trade - win or lose!

Stormie,

May I just make one suggestion please?

You've been in a winning trade from which (hopefully) you've banked 50 pips from your a limit order. The trade, however, has continued moving in your favour and you're now out of the market. Instead of setting a limit order, once the trade starts moving in your favour, why not find a moving average from which the trade is finding support or resistance and trail your stop on that moving average.

I realise that it might be difficult to do if you're at work and it's only a suggestion.

hilary,

Of course you can make a suggestion, I appreciate you taking the time, thank you..:-)
The problem is that I cannot log on at work as the platform requires a download to your machine, if caught doing that I WOULD be fired, that's why I have to try and pick an exit and let it run that far only, not ideal but the only way I can play..:-(
I will certainly take note of the suggestion for when I am at home though, very much a beginner at FX, and need all the help I can get!!

Thank you again

SC

Stormie,

Why not try a broker who doesn't need you to download anything to your PC? Personally, I wouldn't give CMC the drippings from my nose. Alternatively, some brokers let you trail your stop x number of pips below or above the high or low of the day.

hilary,
Opened cmc s/b account as already had cfd account there, I don't know any who don't require a download but are open 24hr, could you suggest one??
If you would rather not post it, my messaging is enabled.

SC

Can you log on to the internet at work? You could try www.deal4freelite.com.

Edit double post

Seymour Clearly,
Yes I can, at work now in fact. The problem is 2 fold, I believe you still have to do a download, and I sit behind a very high firewall/proxy server, which you need the settings for, and p(r)oxy police won't play ball. Would have been ideal solution otherwise...:-(

SC

Shame!

SC

SC - change jobs !

Who're you talking to?

I got the same problem STORMY

Dil,
It's a pain in the ??*!, but all the suppliers I know of have the same requirement. :-(
Will consider the suggestion hilary made though

This is an interesting dialogue. So what we're saying here is that the requirement to download a windows app of some sort imposed by many of the on-line brokers inhibits the use of their services by people sitting behind corporate firewalls (with recalcitrant/anally retentive IT outfits)?

Can those thus affected, like our mate Stormcaller, successfully logon to MoneyAM and download/run Java apps (like MAM stockwatch)?

(Dil: I think you use the HTML stockwatch, but I assumed that was because you were a difficult Welsh person ;)

Bush calls on China to let yuan float for more equitable trade
AFX


WASHINGTON (AFX) - President George W Bush called on China to let its currency float to guarantee equitable trade with the rest of the world.

The US considers the weak yuan to be partly responsible for the growing trade deficit with China, but the Chinese government has not shown great interest in acting to strengthen the currency.

newsdesk@afxnews.com

jld/im/liu


you can only laugh

Dollar seen aided by Buffett short-covering rumor
AFX


NEW YORK (AFX) - A rumor in currency markets that financier Warren Buffett may be covering his short positions on currency forward contracts could be lending support to the dollar, according to IDEAGlobal currency strategist Sean Callow. There is no way to know for sure whether Buffett really is covering his shorts, Callow stressed. As of Dec. 31, 2004, Buffett's Berkshire Hathaway had $21.4 billion worth of forward contracts in 12 currencies and was warning investors about 'exceptional volatility,' the analyst noted. In recent trades the euro was down 0.8% at $1.2804 and the dollar up 0.9% at 108.22 yen, following news Wednesday that the International Monetary Fund sharply cut its forecast for Japan's 2005 growth.



This story was supplied by MarketWatch. For further information see www.marketwatch.com.


Still short cable, with stop :S

MM,

After months of anguish managed to get streaming stockwatch to run, problem turned out to be explorer 5.5 with Sun Java & MS VM enabled, killed the streaming data completely!
Mr Tullett sorted that for me.
In answer to the other point, first problem is that installing any unnapproved software is frowned upon, though oddly streaming data is not blocked!??~*?
Part of the problem in my case is the fact that we access live customer data structures, all machines are networked via servers, even the installation of a modem is considered cause for dismissal. access to any e-mail system other than the in-house one is blocked at the firewall.
Unfortunately that does preclude the use of any platform that requires software front-end to be installed
Strange world some of us live in..:-)

mostrader,
It appears to be becoming a trend, and this ain't my friend, did get stopped out early this morning, yet again right trade wrong frigging stop!!!
Been a weird day all round...:-(
Would have posted earlier but was too busy screwing-up a Dow trade.

Never one to easily turn my back, tiny short cable @ 98, and for variety short EUR/CAD @ 92.
Given recent experience, stops are for wimps, they just cost me money...


Still got 'em though.:-)

SC: It's that George Soros, he saw you in there and thought he'd give Cable a tree-shake to teach you a lesson for trampling on his patch . . .

On the rest of it, fine. But if you only relied on a Java-enabled browser to trade, you be OK, right?

Cheers

MM,
That is my understanding, the key issue in my specific situation is the need to install, a simple logon I can get away with, at present anyway!
I sit on stockwatch during the day, and others in the office run streaming news etc (no other traders) without hindrance, downloading installables is the absolute no-no!