Forex rebates on every trade - win or lose!

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.

Thanks Hilary.

Morning all, just waiting for BOE minutes at 09:30 before deciding which way to go on Cable.

Would like to announce my first winning trade on forex and at this moment in time a nice 71 points. Or should that be pips. :-))

Nice one Harlosh, I take it you caught the move after the US Existing Home Sales data release? Did you trade the USDJPY or cable?

Thanks shano.

Actually my system gave a sell signal on Cable yesterday but I didn't take it. It was still there today so I traded it and went out. Came back this evening to a pleasant surprise.

I've been working on my sytem for nearly three weeks solid so it was nice to get a resujlt after many failures.

welldone H. The guy I'm sharing an apartment with has spent 2.5 years on his system to trade fx!

Thanks Gfi. We'll see how long mine lasts. LOL

One swallow doesn't make a summer. :-)

H, come back to trading after a long lay off, been studying and trading fx since december and I am just starting to get it right.

I think it was Gary Player that said " The more I practice, the luckier I get"

Says it all really

Still short Cable from yesterday.

Well done, Harlosh. Out of interest, was your sell signal from your P & F wotsit? If so, from the dailies?