Forex rebates on every trade - win or lose!

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 :-))

4, some people are born lucky, some aren't!

ps sorry, should have said Hi bosley, you the guy with charlies angels! Good luck, persevere to prosper. Flintoffs just out for 50(if anyones interested)

Sunbury,

The Aussie Dollar has been weak across the board in general because interest rates haven't budged since March 2005, whereas everybody else's seem to have either risen or offer the prospect of rising in the near future. The market has simply been pricing in the loss of the carry. Weak economic data isn't helping future prospects either.

Hilary,

I'm currently watching GBP,CHF,JPY,EUR against USD and
EUR/GBP and EUR/JPY.

Without wanting to watch them all, are there any others you would suggest I look at?

Harlosh,

I wouldn't watch Chunnel with a view to trading it because it's more fun watching paint dry. I only use it to get a feel.

The real hairem scarem is GBP/JPY. Not for widows and orphans.