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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

chocolat - 21 Feb 2007 20:48 - 7507 of 11056

It'll sneak up on us like Bangalore Torpedoes in a Madras, Mels.
Here's hoping that the initial jobbie stuff will provide a little spice to unbung it a bit.

Melnibone - 21 Feb 2007 21:08 - 7508 of 11056

Probably, Chocco. :-)

Been having a look at the STIRS contracts to see if there's a stealth
move going on in anything to give us a clue, but they all look as though
someone's run a steamroller over the charts.

Bernanke's Goldilocks story is starting to get a bit boring.
Why can't he tell the one about the Big Bad Wolf, blowing down the
House of Straw and gobbling up the fat little piggy?
That would make life interesting. :-)

chocolat - 21 Feb 2007 21:29 - 7509 of 11056

I was going to post an article that landed in my box this morning before the CPI numbers came out, but I couldn't get the links to work.
Just mailed it to you, Mels - maybe you can do summat with it ;)

Melnibone - 21 Feb 2007 21:36 - 7510 of 11056

Got it, thanks Chocco.
Will have a read.

Boyse - 22 Feb 2007 07:33 - 7511 of 11056

Gold surged to a nine-month high in New York after the U.S. said inflation accelerated more than forecast in January and commodity prices jumped.

The consumer-price index increased 0.2 percent last month, more than the 0.1 percent economists estimated, boosting the appeal of gold as a hedge. Crude oil jumped above $60 a barrel and corn reached a 10-year high, helping to send the Goldman Sachs Commodity Index to the highest level this year.

mg - 22 Feb 2007 07:36 - 7512 of 11056

480 didn't fire so I've removed it - am now looking for a short this morning.

Harlosh - 22 Feb 2007 07:45 - 7513 of 11056

I'm neutral at the moment but with a long bias.

mg - 22 Feb 2007 07:59 - 7514 of 11056

Doncha just hate it when that happens - hesitated when it was 520 - could have had a nice quick exit and entry early doors and now I'm gonna end up screen gazing :(

Harlosh - 22 Feb 2007 08:13 - 7515 of 11056

That looks like a reversal long to me.

Long 487.

mg - 22 Feb 2007 08:20 - 7516 of 11056

Good luck Harlosh - I might try a long but not until 450ish. Still reckon there's more short than long in there though - for the time being. So, on the short side I'll possibly try and get in if it gets to around 510ish

Harlosh - 22 Feb 2007 08:37 - 7517 of 11056

err, wrong mg - trade what I see not what I think.

mg - 22 Feb 2007 08:41 - 7518 of 11056

Harlosh - hard luck - think I'll go and get some brekkie - no position and if I keep watching I'm bound to get in at the wrong time.

Harlosh - 22 Feb 2007 09:37 - 7519 of 11056

Long again.

mg - 22 Feb 2007 09:48 - 7520 of 11056

Oooops - short from 510 - left one to trigger whilst having my brekkie - might not have been a good 'un

Harlosh - 22 Feb 2007 09:57 - 7521 of 11056

Looks like could be a whippy day mg so think I'll go for coffee and see how the land lies later.

mg - 22 Feb 2007 10:06 - 7522 of 11056

Definitely Mr. Whippy today - so far. I'm trying to work off 8 and 4 hour supprt/resistance to get me in and out - supplemented by 1 hour. I had 510 as a resistance on the 1 hour. The bigger ones - 8 hour - I've got as 560ish resistance and 415ish as support. I've got positions to open at both these levels so should really walk away and leave them.

foale - 22 Feb 2007 15:07 - 7523 of 11056

small long... 1.95 to 1.96 will do me for now..

mg - 22 Feb 2007 16:21 - 7524 of 11056

Good call Foale - I got taken out of my short for -25

One of those days I'm afraid - couldn't read it for the life of me ;(

Tomorrow's another day, of course.

Harlosh - 22 Feb 2007 16:24 - 7525 of 11056

I feel rather deflated at missing that after calling it all morning :-((

mg - 22 Feb 2007 16:35 - 7526 of 11056

Short again from 75 - top end of a down channel I've got - but given my day so far it'll bomb up through that :(
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