Forex rebates on every trade - win or lose!

out for -0, too tired to play manual stops, but interesting result for first atttempt.

Didn't catch the continued downdraft but went long @ 400 and 405. Could be a falling knife but worth a stab looking at the 5 minute MACD.

[EDIT - out for net -25 ;( that knife just keeps on falling - dollar bulls winning the day]

Bugger

Anyone using CMC s/b - I'm just getting orders hanging - usually they fill immediately

Apparently tehy had a fire alarm & now the dealers are back in!!

Cable a bit boring this morning. Managed a few points on a short earlier and now sitting with -10 points on another mis-timed short.

Only around until lunchtime so it looks as if it's probably a net flat day for me.

Trade well - if there's anyone around ;)

Euro & Swissie look to me like they've been trying to mount a rally -v- USD these past 24 hours, mg, but they're being held back by sterling which is suffering from Rightmove yesterday and RICS today. In line CPI and RPI just released might see it start to push a bit higher soon.

hils
Stopped out of my short positions as it nudged up. Net flat for the day. Must kerb my tendency to fight the indicators. I'm a bugger for sticking to the rules ;(

Trade well for the rest of the day - I'm off to get myself sorted for my trip oooop north.

mg,
I follow my indicators assiduously, and nearly always lose money as they are not right yet.
I therefore propose a swap, I follow your good ones, and make money, you go against my bad ones and rake it in also....whadya say??.....lol

Regards

SC

Keep looking at this thread for inspiration, but everyone seems to have died. The main FX charts look pretty trendless to me and apart from a couple of quick (losing bets) I've kept out of FX - is anyone making money at the moment?

no! was completely the wrong way round - gave back all my gains! again!

I'm still here, Maggot, but seldom talk shop and would prefer instead to chat about Crazy Frogs.

If you wish to know my views on the currency markets, however, I would suggest that you sell the greenback pretty much across the board today and take a relaxed view with a stop loss on the Dollar highs of yesterday eg Cable 1.8231, Euro 1.2533, Swissie 1.2359, Yen 108.30. Then stick a slowish sma on the 1 hour chart and, if or when it moves into a new trend and the Dollar moves below the sma, you can slide your stop loss to pick up the sma. Also stick some buy orders above those Dollar highs so that you can pick up any fresh break high.

Once you've done that you can go for a swim or go to the gym or take in some retail therapy because life's too short and too much fun to be watching silly price ticks on a screen all day.

Good luck.

:o)

Thanks, Hilary. Actually I'm fishing today - as you say, life's too short to be stuck in front of a screen all day. I see your son is into technology, with his ringtone business. The abacus still confuses me!

I just had a good trade on cable with cmc S/B I had a 10 oco and the stop was triggered at 2.0000. a nice 17K profit. Unfortunately it was a mistake, the stop was actually at 1.8301, a profit of 150.

On the chat line to dealers I said there may have been a mistake on my order.(Before I was tempted to spend it!). The mistake was corrected within a minute of my note and, in recognition of my honesty, a half an hour has gone by and the dealers have not yet acknowledged my message. next time they can sort out thier own problems.

CMC have suspended trading on cable s/b. They say phone to trade on certain prices

Bob:

Sounds like cmc may have what we professional software engineers call a "stylistic inelegance in the code" of their on-line application.

Fun and games with the Euro this morning with referendum apathy heading into the weekend.

And cable's following behind...nice.

Euro and cable once again a doddle.
All ears will be on what Trichet has to say this evening.

Choccy,what time is Mr T saying things tonight ????


Mega...