Forex rebates on every trade - win or lose!

I've tightened my stops on that USD/JPY short as it's started to look a bit iffy now.

sorry for the confusion, forgot my punctuation, have amended. Bounce up now? Look to add in the 50s if I get my signals

Cable getting towards the top for now? None of the indicators looking like it yet but chart wise there a down slopey thing and we've met it, so ....

what happens next? :-)

Could also go to 9950 as well. Nice clear resistance there as well.
4 hr chart.

Also interesting to see where the Jappy goes from here. I have support on the downward channel at around 12330ish according to my 8hr charts - then 12300ish - which I think is considerably stronger as it is both a psychological barrier and the bottom of an upward sloping channel.

Still short.

Cable...caution ahead of MPC Minutes at 9:30

Yukiko Ikebe, a 59-year-old housewife in Tokyo, in April was indicted for evading about 139 million yen in income taxes while earning 407 million yen trading foreign-exchange, according to the Tokyo District Public Prosecutors Office.

"She must have earned more money than us,'' joked Yuji Saito, head of the foreign-exchange sales department at Societe Generale SA in Tokyo, said to my colleagues, let's find her and hire her.

Pity she doesn't do a live webinar !!

qwento, is she married?

disappointed with usd/yen, was hoping for a better drop than that, maybe later on.

monitoring usd/cad, challenging daily trendline from april!

currently long usd/chf and feel I should be short cable but i'm not yet

GFI, I'm also watching cable for a short, not happy to take a position yet. Will have a look at the others you mention tonight.

Cable about to break out for sure...and for me its 50:50 whether it tries for 2.0000 again

Jappy been very interesting - if you are a massochist. It seems to have tried to get up to 1.24 but turned back about 5 or 6 times at or around the 1.2370-75 mark. It's been treading water all week.

Still holing on to those shorts but not really expecting to come out profitably - unless it finally heads back to the 1.2300 area.

Very frustrating.

Cable looks good this am...but this early it sometimes tests resistance points...before proceeding in the other direction for the rest of the day

Old high from 5th guarding 2.000


Hils this dlr weighted thingy you quote at 82 summat or other...how can I display that as its a basket not a pair?

stopped out of my JAP short... have taken it again from 12399 - would like to claw a bit back while it rejects 124 a few times..

SM

bugger that...
JAP wants to go on...shouldn't but, like a determined child....

SM

FXtrek IntelliChart, D.

Well, learnt a lot with the Jappy.

Obviously stopped out for some nasty losses BUT I'll be back.

As SM says - determined to get its own way like a naughty child. However, it is not mis-behaving - there is a pattern which makes sense if you care to understand it - and I'm not using the right psychology so get the wrong results. Just like a child, if you don't understand what it is telling you by its behaviour it will win and you will lose and cause real heartache.

As Hils has indicated, it's all about working with the behaviour (trend) not trying to impose your own understanding on that behaviour.

mg (Resident Trend & Child Psychologist - failed)

morning, hope your all surviving the weather. Was thinking of going to glastonbury this year, pleased I didn't go. I've got my 2 older lads coming out on sunday for 10 days of spanish social which will be great, the eldest has just finished uni!

Closed my usd/yen earlier this morning for -20. See usd/cad broke its trendline from april last night, trading in a channel of the lows at the moment

Simple is not easy, meggers.

Or to quote Albert Einstein, "Everything should be made as simple as possible, but not any simpler."

At some stage, the dollar will keel over against the yen but when?

The weaker yen was "driven by the carry trade because the Australian and New Zealand dollars are standing up relatively well," said Paul Robson, foreign-exchange strategist with Royal Bank of Scotland in London.

Analysts said the Japanese currency's weakness came as a surprise, considering recent developments in the U.S. debt markets as well as reports that two large Bear Stearns-managed hedge funds might be in trouble.

"The interest thing is how resilient the foreign-exchange market has been relative to continued subprime mortgage and credit issues in the U.S. over the last couple of days," Robson said.

Market watchers said the softer yen may be attributable to Japanese investment funds channeling recently paid summer bonuses into overseas investments.
The yen's retreat "doesn't look like it's justified by interest rate moves or what's happening to risk appetite in other asset markets such as bonds, equities and credit," Robson said.

1 buys nearly 2 yankee dollars again....

decided to close longs at 1.9990 been a nice little run...