Forex rebates on every trade - win or lose!

not really my area of interest forex but anyone noticed that the pound/yen seems to be unwinding quite agressively compared with the dollar/yen.

Evening. Got a bit of time back to myself. So I've slapped the following
charts together for you before I go and watch 'Life on Mars' at 2100hrs.
No need to waffle too much. We all know what's been going on.

Miss Mel keeps ringing up. She's already stuck into the FSA course
notes that she needs cram into her head for the first Finance exam
she's expected to pass. Her boss has already told her, with a wicked
grin, that she'll be making the tea for the rest of her life if she lets him
down and fails. :-))

Hi CC.
What time frame are you looking at ref Dollar/Yen and GBP/Yen?

I'm not getting a lot of difference on this one.

good chart on the gbp/yen. I was looking at the same timeframe as above which goes to show approximating percentages in my head doesn't work as they both show roughly the same.

Nice one, meggers :))

And congrats to F, Mels!

Not that confident - but a bit bored so just doubled up @ 630 - same stop.

Never a good reason to trade and the graphs not really giving me much to go on so probably a bad decision :(

Afternoon - short bout of illness (again) has kept me away for a couple of days.

Now long Cable 9497

And congratulations to Miss Mel, Mel :-))

Maybe I ought to place more "boredom" trades. Looks like USD/JPY is beginning to show a bit of spunk 8-D

Ooops, where's my manners - hope you're feeling better Harlosh.

Cheers Chocco and Harlosh.
Glad you're better Harlosh.

Your trade's looking good Mg. Are you trying out Dil's coin tossing strategy
with this 'boredom' trade. ;-)
If so, I assume you'll be raising your stop to lock in a profit to keep the money
management part of Dil's strategy on track.

Thanks chaps but I have them so often you'll soon get fed up of sympathising with me :-))

Picked up my third lot on that drop - now fully loaded so it had better start trending the right way. Stops for all of 'em @ 600.

Smokin', meggers :(
Bummer.
Pretty sure, though, that quite a few of your trades have been good for 50 points apiece. That's the way this baby moves.

Highly likely the furtling will carry on perhaps at least until options expiries, beginning 15th and ending with the quarterlies, on 30th. I still reckon (hope) that it won't fall too much below 114 if it doesn't find its bearings soon.

Hmmm. Didn't like the look of it myself.

Hope it ain't too bad mg.

Doncha just f@@ing hate it when that happens. Stops triggered as per good management and then it flies away in the right direction after kicking you in the wotsits.

Net loss of 75 points :(

Sorry mg - great recovery overnight too :-(

Still long Cable here.

furtling -- another one for the FX lexicon.

Out of my long now and looking to short if the BOE keep rates on hold.

Short from 330

Great entry H - I'm still sulking - no positions - but did fancy shorting cable on BOE news - but didn't if you know what I mean :(

Thanks mg though stopped out in the end for +30.

And I know how you feel - had plenty of days sulking myself!

I'm thinking we will see Cable fall at some stage to unwind the shorter term stochs after which we should see some upside (and hopefully some movement).