Forex rebates on every trade - win or lose!

Errrrrrrrr, why's Merlin been removed?

I just love Merlin - he's definitely improved my trading. After a loss on Thursday I put in an order to sell at 1.7785 as I was away darn sarf yesterday. It triggered to give me a lovely 110 point gain which I duly closed as soon as I got back to see the screen - all in all a good trading week.

BTW - I've started to look more closely at the prevailing 60 minute SMA/EMA and MACD as the key to placing trades. I still follow the 5 and 10 minute but have been trying to trade against "temporary" moves on the 5 and 10 - against the "blips" but with the 60 minute.

Let's see how I do next week after crowning myself (for this week at least) MoTU ;)

mg

What's Merlin - Have I missed summat? Is it Merlin's Journal @ Forex Factory??

Dunno about Merlin, but the FX Fairy's been in.

Yep, nice to hear from the FX Fairy :-)

Can we have Merlin back, please?

I've put Merlin back where he belongs.

Yippeee :)

Hmm...so far so good. Started another long Friday evening - I know :S - having closed 3 Friday morning from Tuesday, Wednesday and Thursday (2 at 1.7435 and the last one at 1.7598) Drew some crazy steep lines on Friday. But it's still down to MACDs and gut and probably a load of bollocks.



Anyone trading the Loonie?

choccie
I've not long gone short the Loonie @ 690 - and still have an order in to go short again at 695. My graph has got more lines on it than yours - so it must be right :)

mg,

The loonie's a cad.

:o)

Choccy,

You might be right with that cable chart but, if you view Euro-dollar since the start of the month, things possibly look slightly different. 1.1920 is very much key imo. I think you've got to stay on your toes atm.

There's nothing common about this little quacker.

Beautiful plumage Hils.
Very wary also because the range cable's currently stuck in has been one area of sup/res since the end of September.

And yours is also bigger than mine mg ;)

Hils - me duck - luvverly

Chocs - agree about this being sticky territory - even with my big one - but it's 4 hour jobby I'm mainly looking at - so I've also got an order in to buy @ 1.7520 - at the bottom end of that possible channel. With oil and gold easing I kinda wonder if the dollar might start getting a bit sassy.

Yer payz yer munny and all that.

Never any doubt that a 4 hour jobbie's best :)

You really should take a look at the Loonie - it's banging along a shallow resistance line from the end of September.

Hmmmmmmmmm
See what you mean - stopped out of my 690 position - flat - but the 695 has now triggered. Think I need to keep a beady eye on that ;(

WTF is loonie, thought I was the only one round here??

It's the nickname for the Canadian Dollar, Stormy. Ticker CAD. Named after the Common Loon which is a pretty duck featuring on the Canadian $1 coin.

It's been Yawnsville Arizona this morning ......... I hope the Yanks can give it a bit of Va Va Voom this afternoon otherwise I think I'll put my feet on the desk and have a nap.

Having said it's been heavy going, I do actually think that we're going to see 100 pips or so this afternoon and, I'm sorry to say, I also think that mg's thong might get cindered.

Ooooooooh that sounds nice !!

Stop in place @ entry so it'll be 2 trades and a just a flat day if it takes off. S'pose I could put a buy order in at the same level to try and catch it :)

hilary,

Thank you for the info (again), don't know what I would do without you..:-)

SC