Forex rebates on every trade - win or lose!

I lost my saved settings on fxpowercharts about 10 days ago and spent half an hour setting them up and saving them again, (under a different filename) but the following day they were back (and no sign of the new filename saved). At the time I thought it was Bill Gates fault, but aparrently not.

Mega you know that BOM have their own interpretation of the data and use a mixed data feed. Although they go on at length about filtering out spikes. I have found that they are often several pips different to fxpowercharts on fiber and cable. (the highest on fxpowerchart 5 min was 1.7747 at 15:55 BST) On Capital Spreads it was 1.7747 15:55 BST on the 1 min chart.

I use http://www.livecharts.co.uk/MarketCharts/futsee.php for the FTSE (also for live Gold and Brent prices) and again BOM are often different by 4 or more pips.

Best of luck they (BOM) have been very slow to reply to my queries.

Just had a look at the tick chart on Capital spreads and at 02:17:01 this moring it reached 1.7729. I can send you a screenshot if you like.

rpaco,i aint a happy camper today thats for sure,i was happy using them till this weekend,but they also stopped me out on a s&p contract at 7.55 on a saturday night,me thinks there is something wrong !!!
At the moment i have 2 complaints in the pipeline via telephone and email,they are investigating and hope to get back to me later.

I will keep you posted.

Mega...

rpaco,yes please,i printed there chart off and its a a 60 pip jump !!!

Ok just sent it to you sales@ address

Received it,thank you very much,more ammunition me thinks.

Rick...

Really can't see how BOM can justify what they've done....beginning to feel pretty uncomfortable now. Just when I was thinking of taking their platform a bit more seriously :-(

Mega, if you need a chart from yet another source, please let me know!

Hi sorry jusrt re done my screenshot to make it clearer, now loka like 1.7732 was the peak at 2 ish this morning. Of course the huge spread they have introduced does not help.

Question,how do i get a screenshot from BOM ie the chart with the spike in it on to here please ???

Mega, capture the screen and move it onto your website. Then use MAM's "Insert Image" facility to link to your image on your website.

This is the chart,note the spike up just after 2.00,that cannot be normal !!!

Mega...

My long looking good so far :-))

"Nothing surprising so far today compared to expectations save for the surprisingly strong GBP, which continues to power stronger as GBP/USD seems ready to take aim at 1.7950. Most pairs may settle again today without breaking new territory to see if the FOMC minutes have anything to offer at 16:00 GMT. Regardless, the USD looks as if it is focusing weaker until proven otherwise."

read this in an email from saxo bank. just looking at the time ..... saxo bank say the fomc minutes are at 16.00 gmt , the calendar in post 1 says 18.00 gmt. can someone confirm which one is correct , please.

Well still long Cable. Personally, if it breaks 7800 decisively then I can't see it stopping till it gets to the 7900 area. My P&F charts are giving two targets of 7920 and 7930.

Onwards and upwards I hope. :-)

Just checking the calendar because of bosley's post 5461: it gives EST (Eastern Standard Time) and GMT (Greenwich Mean Time) with 4 hours displacement between them. Summat's up, because Eastern time is 5 hours behind the UK. Soooo . . . either EST really means EDT (Eastern Daylight Time) and GMT is really GMT (and not BST - British Summer Time) and/or they are unaware that we too have Daylight Savings Time (as they call it over there).

well that certainly clears it up !!! cheers, mightymicro :)

Harlosh,

Curiosity got the better of me and I downloaded the Updata trial on Thursday.

My first observation was that the data feed seems to come through the LSE and it switches off each night leading to gaps. How does this affect any strategy?

Secondly, how do you implement a P&F strategy in terms of entering and exiting the market? For instance, your chart above clearly shows cable as a long, but how would you play it as it switches to the red "O"'s? Would you close out and look to re-enter at a lower price, or just sit with the long as that's the trend?