Forex rebates on every trade - win or lose!

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. :-)

Re the business of chart indicators and confirmation bias, yes I agree that all indicators are reactive.

But...........

They are useful imo in determining whether a move might have further to go or if it's come to the end of the road. For instance the price might move down towards a significant support line and it's a fair assumption that initial buyers will emerge at that level to give it a bit of a lift. If, however, the stochs say that it's only a part of the way through a larger move, then the trader may be tempted to stay in the position.

Similarly, a combination of different timeframe charts can be used to optimise entries and exits. For instance, the slower timeframe can be used for direction and the faster chart to time entries and exits using the indicators and oscillators. Using that type of strategy, support and resistance lines can be of less benefit imo.

As an example of the above, why should cable have found some support at around 1.8955 an hour or so ago? It doesn't relate to any particular support line. There was an ma crossover on the 5-minute macd though. Not a great signal in itself, but certainly enough to invoke a bit of caution.

Incidentally, I installed IE7 last night. There seems to be a slight incompatability problem with IE7 and FX Power Charts.

Is it just me? I get a little Alert Window which won't close saying that it's opening a particular workspace

Hi Hils..I too installed IE7 last night
My power charts seem ok ...

OK, thanks D.

PC problems normally happen exclusively to me.

:o)

What Data are you all looking at to have the biggest effect?
US PPI today?
Fed Minutes on Wed?
US CPI on Thurs?

Or are you looking at something else that may or may not be cross
specific?

PPI today should move it, but the BoE Inflation Report tomorrow could be the big mover imo. The Government can doctor the CPI, PPI and RPI all they like but it's how the MPC view inflation and what they do about it that will affect if and when UK interest rates go up early in the new year.

when are minutes of recent MPC out?

2 weeks after the decision itself, so that should be next week.

ok thanks

Evening, here's tonight's stuff for Miss M. with an extra /$ thrown in.
I bet the Bears on the US Indices are hurting at the moment.
Funny old markets, these, aren't they.

Mel, a great evening read as ever. Inspired me to go and find out more about the bond market (and yield curves - whatever they are).

Anyone any suggestions on a site that covers the basics?

Mel, really enjoying your charts and commentary, it makes me realise I shouldn't only fix on Cable but look at other Fx combinations as well. Thanks.

so when is this cable fall going to stop...anyone care to post a few support lines..
I am struggling to find any...

Glad you're enjoying this. I look forward to other views and
chart inputs.

Here is a link for some basic stuff on Bonds and Yields. There are
links on the page that take you to other simple explanations.
I like stuff to be Simple. :-))

Link to Bond Yields and Curves

Thanks for that Mel:-) that is simple. Also found an excellent tutourial on Bonds.

http://www.investopedia.com/university/bonds/