Forex rebates on every trade - win or lose!

Haven't posted recently - not much to say. Currently small short on Cable from 1.7441 - a lovely downtrend on the four-hour chart.

That's not the kind of top I was visualizing our Hil in.

No Autumn leaves here in California -- just the bloody bush that grows in front of the deck at my apartment. Time for the secateurs. Talking of cuts, any views on UK rates next time. I reckon 25 points down and the Fed up the same.

I don't bother to wear the type of top that you were visualising me in, MM.

:o)

Both on hold, imo.

this thread is going to be very popular if you lot keep on about

cup sizes

bikinis

and now someones has introduced "bush trimming..."


apologies for lowering the tone... :-)

foale
Who is Tone and why are you apologising for lowering him?

Just the kinda level to suit me sir - but wish I was trading the cable a bit better.

Decided against a long this morning about 1.7410 :( - and have been trying to short it a couple of times - got positions at 1.7540 and 1.7530 - in my usual contrarian way ;(

UK housing market rebounds in Oct to end 3 months of falls - Rightmove

1.80's not out of the question with cable imo.
Anyway, long for all of an hour :S (still happier short and looking for a re-test of 1.73)
Not around much at the moment - clock's all over the place.

Short Cable from 611 and, amazingly, I'm in profit. It's weird - from tending to make money on CFDs and lose it on spreadbetting, in the last month they've reversed! It's because I can now resist the temptation to try to take a few points when the chart is meandering. I've been disciplined and only betting when I can see the obvious get-out spots, and running my profits instead of scalping, and it's working.

After weeks of navel gazing, pain, angst, etc, have very nervous cable short @ 530

Out for +10......chicken!!!
So long since I had a "+".......is that good??..........lol

Stormy,

I'm sorry but I don't understand why you would open a position late at night and then presumably go to bed and not worry about it, only to panic out of it first thing once you've woken up.

I guess that you left an overnight stop on the position which wasn't triggered. I don't know what your criteria was for assessing that stop, but why did you not just re-assess where the stop should be this morning and adjust it accordingly? What has changed while you've been asleep? If you suffer from twitchy finger syndrome from looking too closely at the screen, why not just go for a nice long walk in the fresh air and forget about your open position(s) ........... you might just be pleasantly surprised upon your return.

I really do hope that helps.

hilary,
After a complete change of approach (all my own work after promised help let me down..:-( ) and paper trading the result, I finally got up enough (dutch) courage to put a trade on last night.
As soon as it allowed I placed a stop for a 10 point gain...and went to bed.
I only found out this morning that it had been triggered about 2:30 am.

Criteria for stop: weak I am afraid, but having had such difficulties with this, when the trade went positive, and I had to get some sleep after a bad weekend, I set the stop @ +10 and left it.
It had become important to me that this first trade ended +ve, and in that I succeeded.
Now that first one is out of the way hopefully I can improve, and thank you for taking the time to suggest a way forward..:-)
(what me?? trigger happy....lol)

Regards

SC

Oh sorry. I hadn't realised that the +10 was a limit order. I thought that you'd closed it yourself this morning.

hilary,
oh no.......chicken stop I am afraid......lol

I've seen a fairy!!

At the bottom of your garden?

No. At the bottom of my screen!

Now off fishing. Been doing quite well (for me) on Cable - just shorting when my upside is at least twice the downside. Wish I had the balls to short it with a 150-point stop.

Have you been eating magic mushrooms?

:o)

I just seen a fairy too - or a poof? being a male fairy!

Finally there is appropriate recognition for Fairies. Now everyone who enters this site will have one in their in tray. Bliss :)

mg (The Fairy From Hell)

PS - I like the way he puts his flying goggles on every time he navigates around the screen ...... I think I detect the fairy hand of MM here ...... it's the way he handles his wand ;)

Oh I do like a cheerful chappie.
Got any bigger ones?