Forex rebates on every trade - win or lose!

Anyone tried tossing a coin end of day , using good money management / stops and leaving the rest to the Gods ?

Not being funny but if its executed rigidly works as well as anything else I've seen.

Problem is that often I can't post my trades til hours later due to work comittments but will try and prove it over the coming months.

Great thread guys , keep up the good work.

Well, computer (and hils) was right - got my bottie smacked on that JPY long - 'cos I also doubled up on it as well.

Have written out 100 times "I will always trade with the trend and stop being a total arse by trying to trade against it. Hils is a great teacher and has a luvverly taste in hair colour".

I've now got writer's cramp - and a 100 points loss :( Might be late into school tomorrow.

you guys are all much more sophisticated than this poor geriatric, but imo, $ is now looking overstrong against , probably brought about by the unwinding of various "carry positions", as seems to be today's fave phrase ..... i admit we (our company) are in a slightly different position from most here, insofar as we always have surplus $ and insufficient .... suffice it to say that we were very happy to sell $ forward into April at 1.9450.

Well I was short USD/JPY on Friday but got stopped out on that last run up - stops too tight :-((

Waiting to see now. Interesting thought Dil, perhaps you'd care to expand :-)
Made a heck of a lot more by always going with the trend rather than looking for the bend...

Normal service continuing on cable (touching under 94) and all yen crosses, the latter presumably continuing to negatively impact indicative US futures

It's conventionally been fairly easy to follow, SC.
Got an order in at 116, obviously hoping for another bounce :S
And still short cable.

Have you collected? That was a big five minutes

Great timing for my pc to crash, hodgins :S
Just taken a big chunk out of cable at 1.9281 - but I've acquired a great unwindy thingie now :S
But I still have the loonie too :)

Yep, went short just above 116 now closed :-)

Bed.

Ok reversed at 115.89. And that's where the stop is too.
It could well go below 114, just can't get my head around wearing more than one beanie hat at a time.

Blimey - USD running amok in the sushi bar but polishing off the beef and 2 veg. We do live in interesting times.

Had a look at the weekly and monthly charts for USD/JPY - anybody fancy 10100 as a reversal point - July 1993, January 2000 and January 2005. Makes a change from looking at the 10 minute and 1 hour.

Monthly and weekly MACDs have turned down recently - so, you never know.

Puts my attempts at going long into context :(

Still on the sidelines but the USD/JPY is tracking the DOW like it was its twin brother.

S'pose it's all down to news and sentiment this week :)

:-))))))))))))))))))

Just had a call from Miss Mel.
As of next Monday she'll be 'Something in the City'.

They didn't want to lose her with all this takeover stuff going on,
so her next big adventure in life starts on Monday.

I'm almost as excited as she is.

:-))))))))))))))))))))))))))))))))))))))))))))))))))))))))))

Congratulations Mel - that's excellent news. Better than money :-)

Mel: Exactly what I hoped would happen. The man at the top made the smart decision. How refreshing, I'm impressed. I'm delighted for Miss Mel -- and them.

Mel, Wonderful news! Really pleased for both of you.

Congratulations Mr & Miss Mel.

Just gone long the USD?JPY from 620 - sort of "with the trend". Stop @ 600

Thanks for the congrats, guys. Dead chuffed here (as if you couldn't guess) :-)

Mrs Mel is ok again, as well, so back to the fray for me.

Mg. Ref your Yen trade, I notice that on the hourly chart it finished the last
leg down with a double bottomed 'W' shape. Your entry seems to be timed
nicely with the break of the 'W' top with your stop positioned circa that top
(it's a bit of a fuzzy top) :-) . Was your trade based on this, or was what
I'm looking at coincidental?

Mel - yes - the main reason is the crossing (nearly) of the EMA (25) with the SMA (60) on the hourly. The 600 stop is, as you suggest - at the top end of the woubldoo (W) - cos if I've got it wrong it will break back down below that.

Don't like the way the MACD looks as if it might be turning back down (19,39,9) - which could mean the trend I'm trying to teade is failing.

A true cross on the EMA/SMA, however, will confirm ..... waiting to see if that is gonna happen..... cos I'm a bit previous - as usual. [Don't tell Hils cos she'll smack my legs]