Forex rebates on every trade - win or lose!

GBP/JPY from SC



Why do blokes always make them so big? :)

choco
I find that, on the whole, it's not the blokes who are the cause of them getting so big (relatively)

mg (with too many short tendencies)

So which way you up now mg ;)

Short from all the 7s i.e. 1.7777 - pretty number syndrome ;)

That's as good a syndrome as any, ten four :)

This is a cable doodle from the weekend.



Occurred to me yesterday morning that the middle line was still in play.
Been adding lines and trading both ways since then.
From last night - should've posted it but I ran out of match sticks :S -



Support from a year ago is now putting up a lot of resistance - so we'll see :)

Your longs looking excellent Oh Mighty One.

I've been getting what a good MoTU should get - for trying to trade against the trend. Got myself into a bad loop - particularly as I had an overnight position that was supposed to open @ 1.7640 - which would have been brilliant - it failed to open and for some unknown reason I went all short - it all started then ........ got all contrarian (based on SFA) and have been doing it without any thought for the consequences.

Stopped out of the pretty number and currently licking wounds - and kicking myself

Really crap trading - thought I'd got that out of my system but obviously not.

Crazy thing is that when I was stopped out of my first short I was supposed to go long - and guess what - bloody ridiculous - but there you go .........

That was small for me. Thanks Choccie.

Ignore the crosshairs - they just happened to be there when I grapped the graph 0- it's the red resistance line I put in that interests me. MACD still pointing up though.

Oh 'eck ten four :(
Hope you gave it some wellie after that.

edit: oh and less of the mighty crap - save that for shortie :)

Pleasure SC

Forex - Dollar dealt blow from German, U.S. economic data - UPDATE 4

Just wondering if the mighty magic man would come and wash my pots :S

Ladies and gents, Mark[-The-Shark]usantonius has started his first day of Fx training today (basically from scratch!).

Doing it "crash-course-style" and plan to go live on Dec. 01st. Any helpful tips, recommended websites, books, anything advice-related will be gratefully received.

A little bird tells me that this is THE thread to read & learn from - although that little magic fairy is becoming a tad irritating after a while. Well, does he forecast Cable, at all?

Special thanks to Overgrowth for pointing me in the right direction. Not posted on your website forums yet but have found a few of them very engrossing.

Choccie:

Just wondering if the mighty magic man would come and wash my pots

I surmise that might be a pleasure. Possibly even better sport than straddling Cable.

Well finally the short might prove to be appropriate. Went short @ 1.7860 and 1.7825 last night and, after a scary start to the morning I'm reasonably comfortable that the 60 minute MACD charts are pointing in the right direction.

Maybe I haven't completely lost it :)

Nice one ten four :)

Btw MM - I found shortie asleep over my chart last night - his snoring belies his stature ;)

Closed the 7860 for 100 points - that's more like it - but still ground to make up so leaving the 7825 in for a bit longer - although the pretty number 7777 looks like it's a key number in the longer term trends.

just gone long cable @ 60

Good luck Bob - I've bottled out of my other short for 65 - so made up for yesterday's debacle. I really must remain focused rather than getting carried away with trying to defend bad decisions - and making them worse.

Watch out with that long - I personally still think we' could well see plenty more downside - all, of course, in my very humble opinion - and look where that got me yesterday ;)

PS - take a look at the 60 minute with SMA, EMA and MACD settings - could be 100 points in it - so I'm possibly looking to get back in later on - short

mg

11 am is a dangerous time to be entering the market other than for quick scalping, imo.

The Yanks start coming on line at 12 noon and you always see a bit of choppiness then as their overnight stops are applied and the bulls and bears jockey for position. Just the same as it's often better to wait until at least 7:20 am before entering the market, it's also often better to wait 20 minutes or so to give the Yanks a chance to sort themselves out and get a clearer picture. Otherwise you'll easily find yourself being shafted.

edit: And that's discounting any figures at 13:30.