Forex rebates on every trade - win or lose!

Hey Chocopops, don't get carried away. I don't want any of that gay talk on here like there is on the other thread.

Anyway I've got two babies of my own and I don't want anymore. I keep threatening to leave them with Delboy but he hasn't taken the hint.

Btw, have you done something to the Yen?

Thank you Hils.

For myself I have a strategy of reducing my stake as the position moves in my favour, so was pleasantly interested in your approach. Clearly you need to be able to adopt two views at the same time which only certain people can handle.

Have you ever looked at using tick charts rather than mins? I have started trading Forex Futures, you can see the volume, spread is 1 pt, and the liquidity is growing, oh and importantly you get volume data! I think more Brokers are offsetting their positions in the Futures market, it's kind of interesting so I mention it, not that anyone should do what I am doing, it's just information for the thread.

Best, John

Well I was going to ask you the same thing, ma cherry!

P'raps if we offload them mobhanded Dezza will be beside himself ;)

Good idea. If we leave it till next Summer he'll be able to give them some work experience. Wonder if he'll pass the Health and Safety checks?

Btw, you forgot the black.

Pour toi

Hotei; seemed to have got away with that one, obviously must have been right! :-)

too early to be counting your chickens Bullie ;-)

I don't know how you do it, Doris, but every time you post on this thread you make the Yen move like the clappers. You can say what you like about me and Chocopops if you do that every time. Even if it's not true.

:o)

It must be that sushi I had at lunch :-) I'll have a a burger tomorrow so Cable should shift a bit!

Aaaah. It'll be coming up in a minute then.

Blimey. I was only joking. How do you do that?

Hope those are Rennies in your pocket, Mikey ;)

Does this have anything to do with anything?

Japan orders navy ships home

Prime Minister Yasuo Fukuda is caught between close ally Washington, which is pressing for enactment of a new bill to allow Japan's navy to keep providing free fuel for U.S. and other ships patrolling the Indian Ocean, and a resurgent opposition set on blocking new legislation now before parliament.

This is just awesome!

I doubt it's anything to do with a few ships, Chocopops. It's like someone turned all the lights out at midday.

It's being put down to an unwinding of the carry after sub-primed reared it's head again.

Edit: Also comments from Fukui.

11/1/2007 6:27:22 AM The Bank of Japan Governor, Toshihiko Fukui said Thursday, that the central bank will decide monetary policy, while carefully watching financial market moves, as well as economic and price conditions at home. He was deposing before the Upper House Monetary, Fiscal and Financial Policy Committee.

"As for the pace of increases, we will make them based on improvements in the economy and prices, without any forgone conclusions," Fukui said.

The BoJ conducts monetary policy based on economic and price conditions, the governor pointed out. Unless analyzing the financial environment as a whole, it would be difficult to make a good decision, he added.

Fukui expressed hope that the economy will continue to pursue an expansionary path, maintaining a virtuous cycle of production, income and spending.

The governor reiterated that the central bank was committed to gradually raising interest rates as economic growth and prices demand.

On Wednesday, the BOJ policy board decided to leave the interest rate unchanged at 0.5% by an 8-1 vote. It was in February, that the central bank last raised interest rates for the second time in six years.

Fukui, who is expected to retire in March next year, has been keen to raise the interest rate, as it was considered to be the lowest among developed countries and unreasonably so.

He was concerned that lower borrowing cost will lead to fund misallocation and asset bubbles especially in stocks and real estate. A correction at later stage will have a damaging effect on the economy.

However, the weaker economic data and the prevailing uncertainty in the financial market have held back the Policy board from revising the rates since February.

Well my platform twinkled like fairy lights :)

Did somebody call?

It's nice to see you're alert, Delboy.













'cos Britain needs lerts.

:o)

Wondered when you might flash by ;)