Forex rebates on every trade - win or lose!

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 ;)

Hil: I'm interested in your views on the cohesion of the Euro. You say that the market thinks that the whole thing is fundamentally flawed: while I don't disagree with that (and I'm one of those that fervently wanted to keep the UK out of it), I did wonder at your earlier post when you thought that it might actually fall apart.

Do you really believe that the EU would allow that to happen, even given the economic nonsense that the whole thing is? In other words, why would economic nonsense stop them, it hasn't done before?

Try as I mightI cant seem to get that MACD "choccie crock" to read similar to you guys..any help would be appreciated.

Foale, I get something similar onmy 4hr chart using the standard settings of 19 39 9

Got a limit sell in for 1.9105,will see if it gets triggered.

SC - it's not a standard setting, it's one that works :o)