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Hil:

Hilarious post. I've been convinced for some time that women are better traders than men. You've just added significant weight to this theory. Using the same trading equipment, tools, methods and so on -- which he devised -- your husband turned in a poorer performance than you would have done (even allowing for 20/20 hindsight).

It's the psychology, you know.

MM

hilary,
I loved the post, and all joking aside it tells a valuable story.
In truth I should admit it caused me some concern for a while, as I thought I may have inadvertantly discovered a wife I wasn't aware of, but then the umpteenth re-read gave me the get-out clause........"very clever".......lol

Mega,

The Swiss Franc is really seen as a safe haven currency in times of strife. Otherwise, it will track the Euro (albeit that Swissie will go in the opposite direction to Fiber). The Swissie can be prone to spikes, however, as it is thinner traded. Something like 28% of FX money goes through Fiber, 17% through Gopher and 14% through Cable. Fringe crosses like Swissie, Loonie, Aussie and Kiwi only see around 4% or 5% each. In that respect, you might be better running a Fiber chart than a Swissie chart ......... just my opinion and no advice intended.

On the business of chart set up, there are no FX exchange fees, which leads to there being an abundance of free charts on the internet. I personally wouldn't therefore pay for charting software unless I was actively trading equities too. Since the advent of SETSmm, my equity trading is next to zero. I have no experience of Meta Trader I'm afraid.

I do think it's quite important that your FX chart price feed is from the same people who supply your broker as prices can vary from bank to bank. For instance, there's no point imo using a S&P Comstock feed if your broker is FXCM.

Btw, normal service is resumed today. I've realised that the best thing that all women can do with their bum each morning is to send him to work.

:o)

Guess that's why my bum looks big in everything :S

Hil,

I do think it's quite important that your FX chart price feed is from the same people who supply your broker as prices can vary from bank to bank. For instance, there's no point imo using a S&P Comstock feed if your broker is FXCM.

Interesting observation, would you want to be able to see the individual contributors to the feed? [Mail on way to you.]

MM,

It's not important, imo, to see the individual contribitors (although isn't that what GTIS do?) and aggregates will suffice. The point that I was trying to make was that S&P Comstock will often quote a different price to FXCM. For instance, the former are currently quoting Fiber spot at 1.2276 with a high these last 5 minutes of 1.2278 whereas FXCM are quoting 1.2274 with a high of 1.2275. It's important therefore to trade the same price feed as your broker uses otherwise you'll soon find yourself trading a wrong set of signals.

OK I can handle looking a twat....but please pleeeeeaaase.....WTF is FIBER??

EUR/USD ;)

Thank you....THANK YOU, My Guardian Angel..:-))

And the answer to your next question is USD/JPY :)

Here you go Stormie, re Hils' post above:

http://www.goforex.net/forex-market-snapshot.htm

Re cable, this has been my reference line since Friday 13th.



Working well so far ;)

chocolat,

Now you are just spoiling me...LOL

ps, Re chart....if only you had posted that before I took the short...LOL
(but thank you anyway..:-) )

Almost forgot, long cable @ 848, as I try and rescue my worst trading week ever..:-(

Choccie,

It looks to me like Cable needs to break from that 1.7815-1.7885 range that it's pretty much been in all week. Hopefully then it might get some va va voom one way or the other.

Guess that was the va bit just now Hils ;)

2180 to hold on Fiber?

I've mentioned it before, but I don't know if anyone follows Sterling Yen. It's up around 700 pips in just over a week from the low and moving in pretty much a straight line.

Thanks Hilary, have missed that but have done no Fx for a while - looking again now.

1.29 has been capping the Swissie through Jan and 1.2040 has been supporting Fiber after previous resistance turned to support. A bit more Dollar buying could easily see those levels broken then it's chocks away Biggles.

Hilary. My 'computer man' in Tenerife has a colleague who seems to understand Forex pretty well, having done a fair amount of research on the internet. He intends to start trading (fairly big I imagine) and wants a 'guru' who he can converse with - he is willing to pay, but has also found a lot of free info out there. I can point him in the direction of brokers of course, including Saxobank and the links posted here. But have you any better suggestions, please? I imagine he would like someone to consult or bounce ideas off on a day-to-day basis.

I'm going to meet him next week, so will be able to trawl the net if necessary.

You can e-mail me via Moneyam if you wish. Thanks.
Maggot

PS. Have been watching Sterling/Yen... transfixed like a rabbit in the headlights! And have in fact just gone long (tiny).