Forex rebates on every trade - win or lose!

Tend to rely on MACDs but I'm taking a wild guess today.



Extends from last month's 1.73 low. But I won't hold my breath.

Look at PNN auction

edit - not so spectacular now but it looks as though there may be something in the wind

maggot, I was looking at cable and ftse(short from 5915). cable turning into a nice little trade, especially as i thought i'd be trading it the other way last night!

My one hour P&F chart suggests support around 480.

Small long from 490

Sorry - posted that post on the wrong thread - had this one open!

H reckon if doesnt close abve 17500 on 10 minute chart might carry on down (imho)

Thanks Gfi.

Not quite got my head around these additional time frames yet.

I've got a stop in place so OK for now

Forex - Dollar rises on talk of Japan slowing its policy shift - UPDATE 2

Nice one guys.
Long again now 1.7477 but it could get sticky.

still got one left on, not convinced by the strength of the bullcandles, think my stoploss was missed by one, sure it'll get taken out soon, wont open anything new tonite, been a good day, hopefully got a nice short on the ftse as well. catch uall in the morn

You were good enough to put up your cable view last week Harlosh :)

Here's my version of the bigger picture right now.



Of course it could all be a load of b:o)ll:o)x

Are you still long Choc?

Covered some at 1.7505, H.

Looking for it to hold on the bullish support line on this 5 tick box hourly chart.

Right that's me reversed 1.7482.
Stop's in but I'm going for a few.

Well, that's the plan anyway :o)

Been short Euro/$ from 1.2007, so have a little profit for a change. If it gets below 1.1945 again I will add.

morning all. stop got hit last night(just) which was a great shame. Cable Approaching the bottom of channel on my hourly chart from 14th feb. interesting to see if that holds. use cmc and presume you cant paste their charts. Choc, is that a pitchfork on your chart?

gfi

I think I'm answering for choc on the 'pitchfork' - doubtless she'll correct me if I get it wrong.

The reason I believe I'm qualified is cos I draw the same lines. :o)

The bottom line is the current trend line.
The top line is a parallel line indicating the top of the channel.
The middle line is half way between the two, and divides into two channels.

Trading Strategy:
long spikes below the trend line with a rising stop (High risk, high return)
Be very long near the lower trend line (med risk med return)
dry some powder near the middle trend line, but stay long (low risk low return)
dry more powder or close near the top line (med risk med return)
short spikes above the top line with a time based stop (eg 2 points higher for 3 candles) and a normal stop (eg 10 points higher) (high risk, high return)

G

Added this morning and just covered some 1.73twofatladies.
I'd like to think it's going to bottom soon.