Forex rebates on every trade - win or lose!

Well I'm looking at bearish divergence on the 1-hour MACD, Seymour, so I've shorted it. The good news is that at least one of us will be right. Looks like everyone's waiting for the ISM before the decent move.

:o)

That 4-hour chart still hasn't turned yet though so I'm not overly confident yet.

Welcome to the thread, Melnibone.

Haven't got room for a 4 hour chart on my laptop as well Hils!! As you say, one of us will be right :-)

Melnibone, a belated welcome from me as well.

Thanks Hils and Seymour.

Does Forex often act the same as Stocks, ie after breaking a significant
level, it retraces to check it out as support prior to continuing the breakout?

Out of interest looking at Melnibone's chart, what do people here use to draw lines and add text to their piccies?

I've actually got Adobe CS2, but I don't know how to use it and it's a massive program which is far too heavyweight for my minor needs. I just need something that does the basics. What about MS Paint which comes bundled with XP?

I'm not inclined to go long yet either but then neither am I short though I would favour the short side for the same reasons as Hilary. I would like to see some unwinding done before I am tempted long.

Melnibone,

Re post 6597, indeed it does. Straight lines for support and resistance seem to work very well for FX, probably because of the high liquidity.

I find MS Paint just fine Hilary, when using charts from the net.
When I take data from my own charts in excel, you can use the excel
Draw and Textbox facilities to put stuff on the chart.

Thanks, M, I'll try Paint. I used to have something by Microsoft that was bundled in with FrontPage 98 on an old computer that was very simple but I seem to have lost the CD.

Well done, Seymour. A quick reverse to long there before any real harm done.

:-)

Blimey, Forex certainly does some violent stop taking moves on Data
releases, doesn't it.

That move might answer your question from yesterday Mel :-))

Not sure I would want to be long right now.

Mel, A warm welcome from me too.

The ride on cable is wild!

I think you're right, Harlosh and Bakko.

Why am I getting this vision of posters on this thread looking like something
painted by Edvard Munch, on Data releases.? :-))

You should see my hair Mel :-))

Just looked back in to see I'm now back at entry. Didn't take the money.

BTW I'm a baldie - not surprising - a bit more stylish than Bullie's though......

edit - looking less positive now but going to let the long run for now - no point in scraping a few points here & there.

been flat for a while... now a small long.

Hi everybody, few weeks since I posted, hope your all well, been lurking occasionally, had abit of problem with my old computer, hopefully ok now(otherwise it could be over the balcony). Been busy trying to find another place to rent out here(found a nice 4 bed house with good views for about 200/month) and also spent the last couple weeks with my youngest daughter as it was her half term(six flights last month). In the process of about to move, waiting for internet connection and am moving up into the hills.

Good to see lots of good posts, havent been able to trade for the last few weeks due to circumstances, may be about next week, depends on internet connections which determines when I move.

SC Same here, bit browner on top than bullie! Welcome Melnibone.

Cables in an interesting position on my longer term charts, got a down trendline from about 1982 on the monthly chart and divergence on my indicators. When I have more time will try and learn to use p buket so i can paste charts.

stopped out of long...