Forex rebates on every trade - win or lose!

Hotei, as far as I remember I couldn't but then I only traded stocks as CFDs but I don't use CMC now because of their charges. Also, I couldn't use their system in my office as it required an up to date Java and here I am running stuff that arrived with Noah and the Ark. WS works here at the moment and that is fine by me.
TT

Well done to the 1122 sell, Barclays have certainly spoilt the party.

Worldspreads very tight spreads 8AM to 4PM only (1 on Euro, yen and Aussie-think they widened on cable, but can't place attached orders until trade opened so no good for limits with attached stops and if done limits

thanks guys, just back in what the hell happened there, seems like i was very premature, couple more hundred pips there to be had,
hopefully i will get better with time:-)

moves seem to be on back of barclays rumours. market stablised after barclays denial of emergency rights issue.

however, cable in particular seems to be about to lose another trend line I don't see any sort of support for a while.

think I should be short cable but it's entirely possible it could come back to the trendline yet. break of the trendline which has now gone should quicken the downward move.

Not sure about fx yet. finding it difficult not to overtrade and finding it difficult not being busy all the time.

However made 68 pips today so far so maybe I should be happy to do nothing for a few hours ?

You weren't premature, Ruthie. You were sensible, cos you were going out, so well done you :)

As for little meggers - aren't you just the biz :D

Hey and you, Cap'n.
Welcome to the banana bunch :)

chocs
Thanks - pulled it for the moment - made 120 and looking for a re-entry 'cos I've got a support line which used to be a reistance at or around here. Could well go shooting back up beyond previous high - so maybe my other magic number will have a chance of triggering - or support will fail and the tumble will continue - we'll see.

I bet you wish you'd "seen the light" two or three years ago, Ruth.

:o)

I'll be interested to see your chart later. It might be worth your while speaking to Chocopops too about some of the work that I've spent 90% of my time on recently.

Hils, interested to know if you think the short term stuff is better than the longer term pyramiding? I'm only short terming it as & when & have been for the last 3 weeks.

edit - I'm going off stocks. Fx much more enjoyable :-)

CC, message sent - I have some of the interesting / educational posts from this thread saved.

Hils, thanks will do,
yes a cracker of a day today,
yes, should have switched over yonks ago,to be honest struggled wed and thurs, but ive sort of suused it out a bit more now,not only is it enoyable, its not half as stressfull as stocks as well,(touch wood) think its cause im not watching level 2 and am purely chart playing and not as easily distracted as i would be on stocks with all the false orders and bots etc,,
also been watching cable today as well as the jpy ones,not traded it, but wish i had, great signals today

Wouldn't you just know it - pulled way too early because of that support/resistance that I have had sitting there for ages. Never mind - there's always another day.

Well done Ruth - I wondered when you'de see the light and start playing with FUREX - can be a devil but I think you are disciplined enough not to get stuffed by it.

Seymour,

Firstly, I've never really considered myself to be a daytrader, diving in and out umpteen times a day. I've never really got to grips with it and I've never been any good at it.

I'm doing it at the moment simply because I've had more time on my hands since the summer and it's the best way I know of making money whilst keeping my clothes on. I've spent a lot of time recently developing a strategy based upon the 1-minute charts (I'd never really looked at them until this autumn) and it's only over the last few weeks that some things have started to make a lot more sense than they ever did previously.

That said, I've still only got it working properly on the EUR/JPY. Other pairs/crosses could still be some way off.

The answer to your question, I guess, is that it's too early to tell. I do like the idea of being able to come to the market at any time of day and just get on with it. For instance, the last 30 minutes (edit: it's actually 45 minutes because I got distracted typing this post) has seen 3 easy trades in EUR/JPY for 90 pips at a time when most people are thinking about their 2 hour journey home round the M25.

Ask me in the new year whether I still enjoy it. It's a bit of fun at the moment because I'm learning some new tricks. Generally though, trading doesn't give me any great buzz as it seems to do with some people and too long at the screen is no good for anyone imo. It's little wonder there's so many fruitcakes hanging around the internet.

It's just a means to an end.

Made me smile :-)

edit, thanks.

Oi, Hil, who are you calling a fruitcake? :)

Oh it's not just you, Delboy. About 80% of the Freeview and 40% of the Pay Per View fall into that category too.

:o)

.............. and 99.9% of ADVFN.

Hils, just in from gym, knackered, :-)
will start a new thread and post the arrow thingie over the weekend

Seymour, if you are happy to send another what you said you'd send to CC I would be delighted. I think I am like you and scratch around with FX when I am allowed away from my ophthalmoscope although try and trade 2 days a week and when I can get to internet?
If you are happy to I will put e-mail up until you acknowledge

Hi All,

I hope you are all having a good weekend, its Sunday evening here so mine is almost over.

I dont know if any of you use Ninjatrader ? , I have been playing about with it this weekend and have found some handy indicators .

On the chart you can see the green and red dots, they indicate if the last bar closed above/below a EMA which you can set to any length I have them set at 5,20,100,200
so you can see the bigger trend. You can also make the indicator lines move in steps like on the Macd ,it makes the crosses easier to see.

Ruth, have sent you a message thru moneyam

Morning all,

I came across this on another website, Its nice to see how quick compounding builds your account.

----------------------------------------------------------------------------------
1% return a day on your capital - your capital DOUBLES every 71 days.....
2% return a day on your capital - your capital DOUBLES every 37 days !
3% return a day on your capital - your capital DOUBLES every 26 days.....
4% return a day on your capital - your capital DOUBLES every 20 days !
5% return a day on your capital - your capital DOUBLES every 17 days.....
6% return a day on your capital - your capital DOUBLES every 13 days !

Of course this is all dependent on you reinvesting all of your returns - but even so :

1. If you started trading with �10,000 and averaged a 1% return every day
2. Reinvested that return and got another 1% the next day ect.
3. Worked 5 days of the week, 52 weeks of the year!!

Then you would have �1,000,000 in 1 year and 10 months..........................
---------------------------------------------------------------------------

So on a 10k account 1% return is 100 or 10 pips ..if you risk 1% per trade you can have a 10 pip stop which isnt to outrages for a 1 min timeframe.

So I have been thinking instead of 10pips per day I am going to target 50 pips per day on the Eur/Jpy with a max of 30 pips loss per day.

I would be interested in anyones thoughts on Targets , I know it is better to let the market reverse and stop you out , but i do like the idea of getting the job done if you see what i mean.

Ian