Forex rebates on every trade - win or lose!

Yes, MM. I was only away for a few days but it was half term and we also had a big family wedding so I wasn't around much last week.

Afternoon all, been too busy to post today until now. However, I'm slightly annoyed with myself. I caught a perfect long entry last Tuesday of 1.8688 and traded through the week off and on - because I had so much going on over half term I didn't think I would get to the screen too much. The net result is that over the last 5 days, instead of taking 300+ points, I took 88.

I suppose I'm still making money and that's what it's all about but it is very obvious that the best thing for me is to take a position, set a stop, then walk away for a few days :-); This apprenticeship has still some way to go!

Watching out for a short entry now as well.

Small short entered with a tight stop

Short from 9011 yesterday

Looks like we're a bunch of shorties then.

:o)

Well I am really hoping Cable vertically challenged today.

Hils I was wondering ..Your original long position from the mid 1.80's
did you still take the opporunity to add to that as we moved up.

I remember you saying that it was an effective way to build a position. Any quidence on how to do that or traps to avoid

eg adding 50% to position size when 100-150 in the money etc..
Any general guidance would be appreciated.

Morning folks, saw it 1.9006 this morning, but I decided to wait, or I bottled - you decide!

Anyway - now short from 8964

Well done you short stuff - got a couple of play days but missed shorting this morning - a bit rusty. Watching to see if there's a bit of a DCB so got a couple of orders to open back up towards the 900 mark.

Morning from here too.

Switched on to a nice surprise as went short yesterday at 9029 :-)

Lets hope we are not all wrong...

D,

Basically I'll only add to positions where I'd got the initial entry pretty much right on a slower chart such as the 4-hour and it looks to be oscillating nicely between oversold and overbought. There is then the opportunity of a trade which might last 2 or 3 weeks with an overall move of more than 500 pips.

I'd never add to a daytrade based upon the direction of the 5- or 10-minute charts.

It's called Pyramid Trading. Suggest you put it into Google.

Well, that's one of 'em triggered. Short from 19003

erm! I wasn't expecting that. Anyone know what caused it?

ooops - and another from 19017

Stops in just above previous high - 19050

Got the 4 hour threatening a reversal - but it could go either way until it confirms. Hopefully the bullish rise didn't pop too many stops :(

Stopped out, but short again from 9013

I didnt like that little northerly move earlier :-(

Apparently caused by rumours that we may get a 0.5% rate hike instead of the expected 0.25%

Back to where we were before that little inconvenience :-)

This is what I'm looking at - for a nice return (hopefully) - based on the 4 hour crossing of the MACD (settings 19,39,9)