Forex rebates on every trade - win or lose!

Harlosh

Just downloaded the Updata wotsit and could do with a bit of help, if when you have the time

Many thanks

pth

pth

also an updata user so if you need help give me a shout. If youre connected to updata messenger, im on as fundamentalist and harlosh is greylag, add us to your contacts and it will prompt a response from us

cheers steve

Oh well, so much for Friday's short! Should have closed it flat this morning, but had a bit of a lie in for the first time in many months and missed my opportunity. However reversed during the 0930 news and clawed some back. Short again at the moment with locked in profit, although could do with it breaking through the 650 barrier. Quiet on here this morning!!

pth

Seem to remember as a kid that cable was around 4 or 5 (i'm very old!) Hence half a dollar as slang for half a crown.

Choc a favour please. What settings do you use on your MACD?
I have spent hours fiddling to try and get as early a crossover as possible, but the earlier the less stable ie it says now! and then oops back again. and also do you use 70/30 or 65/35?

Sorry, meant 60/40 or 65/35 on your RSI. (and/or stoch)

rpaco:

I think you'll find that the 1=$4 rate was fixed as a result of the Bretton Woods Agreements of July 1944 which established, inter alia, the IMF.

Sadly, I am even older than the Bretton Woods Agreements . . .

Ah yes to help us pay for the USA winning the war! Apparently we started it few years too early. Still Hollywood has since put the record straight!

Anyway its doing wonders for the Gold price. Pity gordon sold all our gold at the lowest knock down rate he could get.

Just placed a short cable bet on FOT.

Pth,

Sorry I wasn't around last night or this morning. Haven't been too well over the weekend. Anyway, good to see you trialling Updata - hope it works for you. If you need help with any aspect of it just shout.

Thanks Harlosh, plan to have a proper play this evening and see what's what

I've acknowledge you on Messenger so if I or Fundy are around, give us a bell.

You still short Cable?

That upside target on the 1-minute has prompted me to cover my short daytrade and am flat for now. I'm not willing to long it just yet awhile.

I'm also long on a pyramided medium term trade and am staying long for now despite the 100+ pip pullback today. I'm still looking for $2 from that one.

:o)

Harlosh

Had a poor start to the day -50 and then clawed a bit back short & long. The shorted for most of the pm and got ahead. Mind you I'm still short and not looking too healthy again :-(

pth

Thanks Hilary - always nice to know what your position is :-))

Pth, too much contradictory evidence for me to get involved right now.

Must say Hilary, the 5 min 5 box chart pulled back perfectly to the bullish support line from the low at 1.15pm on Friday but I missed it. Not sure whether to go in now or wait for a re test.

I can't advise on that one, H.

My situation is different in that I'd already entered a medium term position (at least I hoped that I'd be able to let it run for a period of time) as it broke up towards $1.79. At the time I was using my 1-hour candlesticks and hadn't looked too deeply at the P&F. Since entering the trade, I played about with the P&F settings and settled upon the 10 pip/box chart with a 3 box reversal. As it was producing continual upside targets, I decided to just add to the position and leave it until such time that it produced a downside target and it is then my intention to re-align the bullish support line and tighten my stop. So far it hasn't produced a downside target so I'm still there.

I guess that to enter the market now, you've got to use the 1-minute and hope that you can build on it from there.

Sorry Hilary, not asking for advice honestly - just thinking out loud.

Yes the 10 box chart is looking very good and should keep you in trades for a lor longer.

No worries, H. I was happy to give my thoughts because I still don't really know if I'm doing the P&F thingey as I should be or as it's intended. If I had any sense, I'd order the book, but I don't get too much time for reading.

Incidentally, have you looked at the XTA 1-min 2 x 3?

Just had a look Hilary - are you thinking short?