Forex rebates on every trade - win or lose!

Hils
I bottled out of EUR/USD earlier today - and glad I did - ended up down around net -120 points ;(( That wiped out yesterday's gains on cable - and some. But it could have been a great deal more !!!!

mg (ex-MoTU)

Whip saw alley at the moment. Have got a cable long running from an automatic entry at 1.7310 - which might make up for the crap EUR/USD long earlier on.

Had forgotten I'd got it to be honest - just came back to have a look and I've got a big smile on my face - it wasn't there earlier !!!!

mg (not totally ex-MoTU, by accident)

Hope you closed it for a good few, mg.

Forex - Sterling close to 2-yr lows vs dollar after BoE inflation report UPDATE

WASHINGTON, Nov 16 (Reuters) - U.S. consumer prices unexpectedly rose 0.2 percent in October despite a dip in energy prices as the cost of housing notched the largest increase in nearly five years, a government report showed on Wednesday.

Excluding food and energy costs, prices increased 0.2 percent, the Labor Department said, matching Wall Street expectations.

Economists had expected overall consumer prices to hold flat in October.

Over the past year, consumer prices have jumped 4.3 percent, but core inflation has remained relatively tame, up 2.1 percent over the same period.

After a surge in September following hurricanes Katrina and Rita, energy prices fell 0.2 percent in October. Gasoline prices, which hit an all-time high after Katrina, dropped 4.5 percent last month, the department said. But natural gas prices continued to climb, rising 14 percent.

Energy prices have climbed 29.5 percent over the past 12 months.

While energy costs edged back last month, the cost of housing surged and pushed overall consumer prices higher. Housing costs, which account for more than 40 percent of the consumer price index, rose 0.9 percent last month -- the largest gain since January 2001 when they climbed 1.3 percent, the department said.

Housing costs have jumped 3.9 percent over the past 12 months.

Other prices also rose in October. Food costs increased 0.3 percent while medical care prices rose 0.5 percent and the cost of services increased 0.7 percent, the Labor Department said.

In a separate report, the Labor Department said real average weekly earnings rose 0.4 percent in October, the first increase in four months and the largest one-month gain since July 2004.

Just got spooked out of a cable trade for +40, closed too early...GGGRRR, nerve not recovered yet, still a profit is always welcome...:-)

Finally reversed cable shorts at 1.7140.
Not hanging about if euro takes another shot at yesterday's low

Typical day for me, this morning I escaped overnight cable short for -0, VERY lucky..:-)
Followed that with a missed reverse, net -34...oops
Rounded of with a too late close of evening short for +5

Whatever next?

Forex - Dollar rallies as Chinese revaluation talk diminishes, oil price falls

Broke a golden rule and carried losing cable short overnight, closed for + 38, should have been more but still pleased...:-)

Not so pleased now, having figured I closed the short late, what in hell's name prompted me to go long??????
By definition if the short was late you have missed the long.........closed out of embarrassment..-30......beggars belief...:-((

Hils: You beat the Fairy to the draw this week . . . ;-)

Urgently in need of one positive cable trade this week to break my duck, with that in mind I have a cable short @ 224, and everything crossed that didn't fall off last time I waited so long for it to go positve!.........(never did...lol)

Always good to post when you have a point to make, and last night was no exception, and that's exactly what I made.....1 point, should have been 40 +, but sleep is sort of compulsory, and stop did the rest.
Most annoying is the fact that was my +ve trade for the week, 2 round trips today for net -35...oops

BoE's Barker says balance of risks to UK growth may be to the downside

Forex - Euro weak after soft German CPI figures; Yen continues to fall

Forex - Firmer dollar nears revisit of 27-month high vs. yen - UPDATE 1

Forex - Dollar knocked back after failing to clear key levels - UPDATE 1

Forex - Dollar gets lift from upbeat trio of economic data - UPDATE 2

China yuan revaluation won't cause sharp fall in forex deposits - PBOC

chocolat,
Thank you once again for all the posts....er hope I'm not trespassing on here...:-))

Well someone had to......just in from work, having watched cable climb inexorably most of the day, and unable to find an entry.
Obviously the only avenue left, short cable @ 311