Forex rebates on every trade - win or lose!

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...

My long still running, but by the skin of its teeth. Looks as though short positions might become the order of the day soon, but we'll see.

Edit - stopped out now.

Works been busy for me so catching up with the thread, got stopped out of a small short on Tuesday. May have to wait until next week to get any time to try again.

Welcome back Goforit. Hope you get fixed up soon.

Didn't we all Cuningham :-)

Small long again...from 1.9039 very tight stop

If we are going to rally this is a reasonably good entry level for today.

If this gets stopped will probably open a short..

Nicely done foale.

It was bang on my 1hr rising support line where you went long.

Should have listened to my chart :-(

Thanks Bakko

well flat now for + 45 pips...
I was looking for follow through from this ams lows.

But its being sold off everytime its passes over 1.9100

I suspect I will be long over 1.9150 and short under 1.9000
Not going to play the inbetween game... :)

US labour productivity slowed to a standstill in the three months to the end of September, the latest indication that the American economy is slowing.
With analysts expecting productivity to grow 1.1% in the third quarter, the zero figure from the Labor Department came as a surprise.

Unit labour costs were up 5.3% from the same period in 2005, the worst annual rise in 24 years.

The figures will increase inflation fears at the US Federal Reserve.

This is what I'm looking at.

4-hour



1-hour

Hils thanks for posting that I will have a good study...

Below are 3 of the charts from my nightly PDF e-mail to my daughter.
Just shows what I'm looking at and why. (Cable / Gold / Bonds).
I believe that unless you are doing purely technical trading, then you need
to monitor all 3 to trade Dollar crosses. And as folk seem to rightly follow
economic data on here, for their Swing Trades, it may be of interest to you.
(Or not, as the case may be) ;-)

Hilary. what is that line on the 4 hour chart the crossover one in the bottom box

That line's called the Choccie Crock of macd Gold which is often found at the end of a rainbow, D.

:o)

Mel,

Interesting points although I would also argue that Gold and T-Bonds only look at things from the Dollar perspective.

When it comes to FX, I believe that you also need to look at what's happening on the other side of the pair. For instance, when the Europeans counted the string of infamous non votes last year, German Eurobonds were trading at a premium to the equivalent other Eurobonds (eg Italian or French) which was an indication that the market thought that the whole Euro concept was fundamentally flawed.

Then people were selling the Euro rather than specifically buying the Dollar. Similar things happen from time to time with the Yen.

Agreed, Hilary. Country specific data will affect that Country's Currency and Bonds,
and cause a re-basing of that currency/ dollar cross to a new level
within the spectrum of the Dollar crosses.

Very complicated this Forex lark, innit. :-))

I think this illustrates your point. An overlay of GBP/Dollar and Euro/ Dollar

Oh I like it Hils - that's Choccie Crock for short :o)

And Mels - will you be renewing your weekend musings over the, err ... weekend?
That would be nice.


Looking for a bounce from the 1.8950ish area if it trounces 1.90.
Still going the long way round ;)