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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!

ptholden - 25 Jun 2007 12:53 - 8161 of 11056

Hilary

I hope 'knocking out' means shorting?

pth

ptholden - 25 Jun 2007 12:56 - 8162 of 11056

SC

Had a feeling it might have been a bit early, should have waited, but hoping it will come good anyway :)

ptholden - 25 Jun 2007 13:06 - 8163 of 11056

<a href=Photo Sharing and Video Hosting at Photobucket" alt="" />

Bounced off support at 19970 earlier. This line represents the bottom of the trend that has been in place for over a week. Hopefully this will be penetrated today and we'll be into a new short term trend, if so 20000 should cap any further rises for the time being, early days though.

pth

ptholden - 25 Jun 2007 14:12 - 8164 of 11056

Added to my cable short at 9995, if it breaks above the earlier high, I'll be out, quite precarious at the moment :S

ptholden - 25 Jun 2007 15:49 - 8165 of 11056

The trend line I mentioned earlier has been penetrated for the second time today, also have falling support in roughly the same place. Might have broken the trend unless it recovers quickly; if so next target 9930.

pth

Seymour Clearly - 25 Jun 2007 16:04 - 8166 of 11056

At last, was also going to short USDJPY at the 123.60 level - glad I didn't - for now.

ptholden - 25 Jun 2007 16:08 - 8167 of 11056

That's that gone then :)
Closed those two for +51, expecting a retracement now, although possibly not :S
Main thing is that the uptrend in place for over a week has now been well and truly broken, resistance now at 19990 (ish)

pth

ptholden - 25 Jun 2007 16:45 - 8168 of 11056

Also have down slopey resistance at 9975, so looking to short again from there.

pth

ptholden - 25 Jun 2007 17:10 - 8169 of 11056

Blimey, talking to myself here :S
Mustn't get fixated with shorting, seems most reporting indicates that the $ will be 'soft' this week.

pth

Seymour Clearly - 25 Jun 2007 17:13 - 8170 of 11056

I'm listening PTH :-)

Not closing my position, looking for 150+ points over the coming days.......

ptholden - 25 Jun 2007 17:16 - 8171 of 11056

Hi SC, hope you are having a fun day.

Just nudged my line so short again from 72, although once again I have a feeling it may retrace further, perhaps to 9988, if so I'll add up there, if it, doesn't happy days.

pth

Seymour Clearly - 25 Jun 2007 17:19 - 8172 of 11056

I'll be happier once it's going my way big time.

ptholden - 25 Jun 2007 17:21 - 8173 of 11056

Well, you can't go far wrong with a stop at entry for the moment. You can always start again.

Seymour Clearly - 25 Jun 2007 17:31 - 8174 of 11056

Nah, I'm fed up with being stopped out for just a few points, stop's above $2, give this one room to breathe. Probably wrong but we'll see.

ptholden - 25 Jun 2007 20:26 - 8175 of 11056

As suspected 9975 didn't prove much resistance, added again at 9988. Hope I have it right this time :S

qwento - 25 Jun 2007 22:46 - 8176 of 11056

Details of latest COT (commitment of traders) data can be found here.

foale - 26 Jun 2007 07:27 - 8177 of 11056

Yen on the move...

ptholden - 26 Jun 2007 07:53 - 8178 of 11056

Must admit all this talk of the 'falling greenback' this week based on poor US economic data is making me a somewhat nervous bear. Closed the 9988 trade for +17, probably premature, but still have the 9972 jobbie and will look to add somewhere else this morning. Profit in the bank and all that.

Edit: 9972 trade also closed for +1.5 :S

pth

ptholden - 26 Jun 2007 08:41 - 8179 of 11056

Short again Cable from 9978

Seymour Clearly - 26 Jun 2007 08:48 - 8180 of 11056

Closed the last one +7, short again from 79 - or long the $ - I much prefer being long something :-)
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