Forex rebates on every trade - win or lose!

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!

Stormie,

There are plenty of firms that run FX desks 24 hours, but I can't think of any specific spreadbetters.

Something like 90% of the money changes hands between 7am and 2pm London time and I really don't see any logic whatsoever in trading after 9pm and before 7am. The high probability is that currency movements in that time will be either within a range or with an existing trend. It's only a guess, but I would say that the chances of a trend reversal outside of London or New York hours is probably less than 1%.

to be honest stormy have to agree with hils on that the moves overnight are v thin...esp stg all the major f/east players abt 3 lol know where the orders and stops are and just move the mart there accordingly ur better to do bugger all until @ least 6.30 when europe start trickling in....a 20 stg order can move it 20 tics overnight if thers no liquidity out there...

The other point to make is that if you use a firm which switches off their data feed overnight, then you shouldn't find your stop being triggered if the market passes through it on one of the thin moves that mostrader mentioned and then subsequently returns onside.

stormy is what u have to remember is all our brokers be it cmc of fxcm or whoever take there prices of of the fx markets pricing machines either EBS or Reutrs ..these are 24 hr trading systems and to see them is to belive them eurusd is basically 1pip maybe 2 all day long....... now come ldn close all the big players will take there orders off these machines and leave them with a trusted counterparty overseas with the big boys normally branches..and then in ldn time the opp happens .....so the machines become thin on liquidd and thats wahy the spikes and moves happen....a n order of say 50/100 eur stg prob move market twicw as much as in london time..so beware ...
iwas trying to trade stg theother night after fed minutes ..just wasnt worth it was just spiking every where hils is right 7 till5 really best time to get involved unless uve a longer term view

MM : Yes the reason I use non streaming is I can't get streaming to work plus all the flashing lights on streaming give me headache :-)

Did some tests with Johnathon a while back but to no avail , I get messages like "java exception" and grey screens if I remember right. We currently use Windows NT but will be switching to XP next week so I'll see if that makes a difference.

That's cable's 5th attempt at breaking towards 1.90 in the last 3 weeks.
Short 1.8941, but wary.

If you look at the graphs, today seems to have been easy... but in fact it was terribly choppy. Made a few by getting in and out quickly - then just as I was cursing myself for apparently missing a load it always turned back again! If I'd left it running and gone for a cuppa I'd have lost.

It was crazy, Maggot - I closed 2 shorts earlier this morning intending to stay flat. And then I went long around 1pm before getting off to work, not the usual size, but I could see the retrace wasn't over. Anyway, closed that last short at 18903. And I'm definitely flat now :S

Just been reading something about a currency commentator called John Percival, talking about the liquidation of the Dollar Giga-Bubble, as he calls it. Percival thinks that there is now an unprecedented speculative bet on against the dollar to the tune of $1.2 trillion dollars. And the way that bet is liquidated is by buying dollars, pushing the value of the dollar higher.