Forex rebates on every trade - win or lose!

Hil: Well, it's better than my last attempt . . . ;-)

The Fairy has sent the decorators in this morning to finish the job and add a few more links.

edit: I can easily take that top part of the header back to 100% of the width if the concensus wishes - I just thought that it looked a bit tidier if it were about the same width as the 3 charts which run across the width so that it kept the borders around the charts to a minimum.

Morning, thanks Hils. Not bothered here which way the display is - my laptop, which I use most, has greater resolution than my desktop.

Hmmm. I have a long position from Friday. 10 min chart says down, 1 hr chart says up. Will wait and see.

Hillipops
Same colour as your Boudoir I presume ??

PS Seymour - I have the 1 hour pointing down - and have been short since Friday - so pleased to see the fall after 09:30 news

My 1 hour chart is down too SC.

Nail varnish and lippie actually, meggers.

I'm ditto meggers regarding the 1-hour chart I'm afraid, Seymour

No probs, please don't worry about me, my 1 hr is down now as well, I'm stopped out and now short :-)

Closed to cover most of my losses from the other day. Looking to go short again on a pull back towards 19100 - probably around 090.

Off out until late afternoon.

risky long for the brave in the 1.0930-35 area

Looking at similar technical set-ups on /$ and /$ that give
round figure trend supports at 1.28 and 1.90 respectively.

Anyone else looking at something similar?
Or have you got scenarios that are giving $ strength?

These are the 2 Hourly set-ups I'm looking at.

Tonight's stuff to Miss Melnibone. There's some more basic stuff in here, tonight.
So again, please remember it's for someone just starting out. Not preaching
to you guys.

melnibone, i'm working to the same lines and i enjoy your posts being a newbie myself. i took the plunge and went live last week, joining the 1/point club with mixed results. today was good, though, +49 which i'm very happy with. 1.9000 has been tested a few times now and has found reasonable support but i have a difference of opinion between my rsi (9) and my macd's (19,39,9). rsi is very negative but my macd's have turned positive and cable is bouncing off my upward slopey thingie, (hope that's the correct terminology). is there any significance when indicators disagree?

Hi Bosley.
I'm probably going to commit heresy here, and open myself to attack
by an army of Chartists, but c'est la vie. :-))

I've come to believe that Indicators are a form of 'Confirmation Bias'

http://skepdic.com/confirmbias.html


To me, most indicators are derived from Price action, and are therefore just
smoothed versions of Price action that mimic the Price.

The same indicators can give different results according to whether the market
is Trending or Ranging. If you can identify if a Market is Trending or Ranging from
the Price action, then why use them.

So why not just use the Price action?
It's always up to date. :-)

I know people do use indicators, and as you say, look for divergance. So it's
a case of different strokes for different folks. Post up the chart, give your
view, and let's see how many different opinions we get from looking at the
same set of Data.

this is interesting. does anyone else use netdania? it's now showing a completely different macd chart to what it has been showing all day. is this a glitch due to the recent face-lift?

apologies melnibone, looks like i was wrong about my indicators disagreeing. i will start posting charts once i figure out how.

Morning, had a coronary this morning when I saw the Akmos header in the thread showing Cable at 1.8533/37 !!

Problem seems to be at their end. edit - working OK now

Melni - I can't thank you enough for your very helpful graphs - they are great and must take you ages. I trade cable and gold infrequently and am having reasonable success but your graphs help to sort out the strategy and I may be able to trade a bit more often! .

Trade the Pink Lots of BOJ news out today !

I just saw 1.8902/5 displayed on cmc. Anyone else? (That'll have taken a few stops out!!!)

edit - VERY fat finger

Hi Sue 42, glad that you are finding my stuff to my daughter useful
in helping you define a personal strategy.
I'm finding that listening to the more experienced Forex traders on
this thread useful in understanding what moves Forex markets.

That's what it's all about, innit. Sharing ideas and clearing up
misconceptions.
Long may it remain so. :-)