Forex rebates on every trade - win or lose!

Keeping the shorts on meggers - it's a nice day for it ;)

Decided to fold for 25 points - happy with those in a falling market

Nice one biiig bear ;)

Could have been a little premature - but still got a short to trigger at 500 (503 actually). Be interesting to see if it bounces as far as that.

Must admit I've spotted a pattern I'm not comfortable with, taken some off on the dip earlier. Probably get stopped out on the rest, but off to work now :S

It's just flapping about in the breeze again waiting for the CPI. Assuming that is as forecast, then a bijou dip-ette is on the cards.

I'm not really sure that I do bijou. I do sell dollars though. And I have been.

PS. I wouldn't leave it to flap in the breeze for too long, MM. Not at your age anyway.

:o)

Aah, good evening, Madame Hil.

Buddy, can you spare a dime? Or a dollar or two, if they're getting cheaper.

Ha, now I know where you've been, Hils ;)

Your neighbour got a new DeLonghi?

Despite a fairly long absence from this domain, I wonder if I might be allowed an augury at this fount of all (FX) wisdom??

My problem is this....(and please forgive the name-dropping...it is germain) Some time ago, and unannounced, E-Trade introduced automated trailing-stops which allowed a one-way-only stop to be placed on their platform....a good move!
Specific to this arena, it allowed said stops to be placed against Major USD pairs...including my favourites (cable, euro/dollar) at 5 points away.
Also unannounced this was recently increased to a minimum of 25 points away....when I qureied this with suuport, the answer was "due to extraordinary volatility"

Well I am a simple soul, and just a number in the unemployed statistic....but really,,, I had a euro-dollar trade recently (with 25 point stop), it took 2 DAYS to take me out for a 10 point loss.

So my question is this....Does the E-Trade strategy represent a simple rip-off....or are they protecting themselves from remaining open-position now we have gone fixed-rate.....I mean to say.....volatile?????...2 DAYS for 15 points?????

Yours

A puzzled SC

Another day, another dollar - pulled my short to open - just missed it automatically opening overnight. Out today so no positions - but, if I were I would be looking to go long based on the 2 hour and 1 hour MACDs turning up. The 4 hour is thinking about it

Just popped in to see the effect of the CPI news - just shows - don't go by charts alone. Hindsight says that I should have left that 503 sell trigger in place - but good job I didn't trade long. You live and learn - every day :)

I'll get a chance to see where it is tomorrow.

Hope you still had some of those shorts open chocciepops.

I have, meggers.
Just covered a bit, but 1.93 beckons if we don't hold here.
And that's the biggie ;)

Oh Boyse, you shouldn't have.

As for Cable - I just wish I could have played yesterday - so long as I could have read it correctly - loadsa points both way - 100 down, 100 up - anyone get 'em?

Have just been messing around with cable as it's one of the only things working on CMC this morning. Closed a small short on the dip down below 9500 at 10.30 and am now short again at 9550

Not sure about shorting - the 4 and 8 hour MACDs have now turned up so I'm looking for a long on a pull back. In retrospect, the 400 level was a perfect support in this Daily down channel :(

9300 is/was the target support within the Daily up channel

Was long this am but bottled out prior to the news at 10.30 in fear of dovish comments but looking to long again now. Would like to see a pull back to mid 30's.

Harlosh - great minds etc. Only difference is that I was sat on my hands/arse earlier and did nothing. Mid 30s would be about right - but I have a feeling it might even get back to test 9500ish - might wait until then - my 10 minute MACD looks ripe for a bit of a retrace from overextended.

I shouldn't have sold out really mg - I don't believe most news items knock cable off its intended course unless it is a real shock - they tend to be temporary set backs as was the case this am but I am still learning to control my head I'm afraid.