Forex rebates on every trade - win or lose!

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.

Cor, you did that so well G :)

Reversed 1.7381

Morning all..........Trying a long here also 7380, with a tight stop. at 65

Ha, that didn't work very well, out at 65

Surely it's better just to stay short and leave it???????????

Also look at the Yen.

I like a challenge ;)

just back from a walk, lovely and sunny here, see dollar still strong against the euro as well. wise words hilary, big strong candles down on the hourly

hilary....fair point, fighting the trend not good for the bank balance.

Gausie. Thanks re the pitchforks, only used them on the farm b4! presumably they work quite well with currencies and if so presume they would work well in conjunction with candles. Is there a good site to get info on pitchforks? Currently use sharescope which is crap for currencies, are there any sites where you can get good free charts 4 currencies

gfi - didnt know they were called pitchforks. Still not sure they are .....

Speaking of pitchforks....

Call me a twit - I'm used to it :) - loaded 5 more, average currently just under 65

GFI

FXCM chart options

The one to go for is the FX power charts. Free, can save layouts and have multiple layout options, and add all sorts of indicators.

I keep seeing it and I suppose that I could look on Google, but does anyone know what the hell an Ichimoku cloud is?