Forex rebates on every trade - win or lose!

Been away from forex for the last few weeks but will post up some charts as soon as I get back into it Mel.

However, I came across this over the weekend.

It's a little dated and no doubt it's been all priced in but at least it gives the newbies the bigger fundamental picture.

Hils Choccy where are your blow by blow post figs breakdowns...
we need a 2 by Xmas post...ok 1.93 by Xmas will do :)

or at least 1.8840 looks like it might have been a temporary low...


Has anyone been making hay out of this..fall ?

OK Foale, corny jokes aside ;-)

I'm ready and waiting to go long now, have a limit buy in below 1.8900 but happy to wait a bit - I haven't made the hay like I should have this fall. No position at present.

I'll try to post a chart later if/when I get a bit more time. I'm quite busy atm though, so when I look in it's generally during an "in between moment" and I don't really have the time to get into protracted posts.

I'm expecting to see circa 1.85 or 1.86 from this move over the next week or two, although I acknowledge that it could easily rally back up to around 1.90 shorter term.

thanks for the quick replies... not an east one ot call atm

Bit confusing atm. The data to me suggested weaker $ crosses.
Gold has made a Bullish technical set-up. Standard swing 3 down days
in an uptrend ending with a 'Hanging Man' candle, followed by a break
of the previous day's high.
Yet at 2pm on the release of the SEP Gold dropped????????
And $ crosses don't really look that weak.

Seems to back up Hils' view of Sterling dropping if this continues to go opposite
to what the Data and chart set-up suggests.

Lot to learn here. :-(

With the way the market seems to be interpreting the data, if the
Philly Fed data comes in strong at 1700hrs we could see a bid to
the Dollar. I guess the market must be concentrating on the Hawkish
Fed minutes last night. But if that's the case, why aren't the Bond
prices dropping (yield up)?

I said I'd paste a chart. Taken a few minutes before the Philly Fed.

Hmmm, bit of a hard one to call atm. I went long at 1.8885, but not sure where we're going, I'm obviously hoping for a quick retrace up. Stop is just below the recent lows.

Evening, Miss Mel is away for a few days
so I won't bother with the UKX/ S&P tonight.
But nothing lost there. Everyone can see that the S&P is scrapping with
1400 and the UKX is up to the top of the range again. I don't think anyone
on this Forex thread is much interested in them anyway.

falling oil has taken gold with it - the link comes and goes , very confusing

1.8840 area still looking more of a short term support as we bounce off it again...

Long Euro here on similar ideas and previous support

Cable...all I can say is

LONG may it continue...

The dollar fell against the euro and yen in mid-morning trade Friday on market talk that a major hedge fund is in trouble."Rumors of a major U.S. hedge fund collapse appear to be behind the dollar's latest dip," said Brian Dolan, director of research at Forex.com, a division of Gain Capital. The euro was last up 0.2% at $1.2822, while the dollar fell 0.5% at 117.69 yen.

A bit of a smile here at the end of a hard week. Came within 6 points of my stop earlier today so please it went up in the end. Stop moved into profit zone.

Similar, even worse when early profit goes negative but happy with 70 Euro ticks from 7.30 this morning

I've edited the calendar myself this week. You just can't trust the staff nowadays.

:o)

Ahem: the "staff" have made a backup of the HTML this time . . .

The staff will also sort out the FX Boss's ski boots as per her email . . . :)