Forex rebates on every trade - win or lose!

i'm long but from last week - typical.

Well it's been a good run :o)
Hils'll probably shout at me again, but I reversed into a few cable shorts earlier this evening. I just don't think we'll get a lot closer to those January highs. If I'm wrong I'm wrong. If I'm rightish I'll try to get a chart up over the weekend.
Won't be around for any fireworks tomorrow ;)

I'm not going to shout at you, Choccy. As it happens, you might have called the top. Sterling has certainly turned down against the Yen overnight.

:o)

I'm loathe to short cable myself just yet though because, as I see it, it's still going up on the hourlies. It's above both of my ma's which are themselves still rising and is supported above a rising line passing through the lows since Monday. Until those ma's start to turn down and it breaks the rising support, I intend to stay long.

The Californian FX Fairy has visited . . .

Bernanke is the one to watch

Forex - US dollar firmer in Sydney morning; Bernanke speech seen as key

And after that MPC minutes and the budget should be fun too.

Well it's stick your neck out time :S
This afternoon's doodle:



if that's remotely right, then I'm sort of counting on this not holding



Still rather short from 50 and 40 points up (now 1.7544) - 2hrly MACDs looking like they're ready for a tumble.

Choccy,

I've got to say that I don't understand where those lines on your upper chart originate from.

I can see some resistance from a falling resistance line drawn through the highs since September which is currently around 100 pips or so higher up. Unfortunately I'm struggling a bit with getting my screens to work today so I can't paste it up here.

Looks to be rolling over now on those hourlies, Choccy.

Surely does, Hils.
Sorry - was trying to load another chart so you can see how the lines look on the daily, but I can't get into my web thingie.

EUR/JPY dancing on support at 141.17. If she goes, the fall should be spectaculificent.

Timberrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.

:o)

Don't forget folks ... and you bosley ;)

Ben Bernanke Speaks! Monday - Mar 20, 2006

7:00 PM ET : Federal Reserve Chairman Ben Bernanke to address an Economic Club of New York dinner .

Here's the thingie then



That resistance has bloomin' held all day - which is niiice.
But jeez... :S

Ha - they don't say ..

Forex - Dollar stabilizes ahead of Bernanke speech - UPDATE 4

'spose i best say hello now i've been outed. i've been a lurker for a few months now while i try to get to grips with fx. it's great when this thread comes to life as i find it interesting, extremely informative and a big help. i've been paper trading for a few months and recently opened an account with fins using their trading academy offer. any advice or help would be much appreciated.

there ......happy now? ;)

Blimey :)

Does anyone trade sterling against the Australian dollar: the latter has fallen sharply against the pound - I would like to know why.
Thanks.

bosley,

I've been on a very steep learning curve over the last few weeks particulary with real time charts on forex. I must confess it has been a fairly costly exercise as I learn by my mistakes. I THINK I am getting there now but I wish you success. There are not many posters on here at the moment so help is thin on the ground but I wish you luck.

Sorry, am about, haven't been posting as I have some of my sisters outhere visiting. Did a couple of fx trades last week(not very clever), but have had a couple of good moves on the ukx(bringing memories of 6 years ago). Cable looks like its turning into a nice short as is EUR/USD.
Like your lines chocy, catch you later in the week

'some of my sisters'. How may you got Gfi :-))