Forex rebates on every trade - win or lose!

pth, read an article giving 20 odd bullet points about daytrading. One of the best for me is (as hils says) never let a profit turn into a loss.

See cable is struggling at the weekly pivot point(645 area)

Ofski tonight over the channel, sounds like theres a bit of snow about

Goforit not trading Cable at the moment, that particular cross has caused me significant grief so am leaving it alone; have been shorting the euro/yen since Friday and I think still some mileage left yet. Well, I hope so :)

Cable still a long atm...imo....

Cable :

All those positions snapped up around 2.0550 on that successful test...providing a nice buffer..

Losing count how many times euro/yen has bounced off 161.65 in the last few hours, 'bout time it gave up the fight.

Also watching euro yen here pth, making money on it but looking for a move one way or the other...

Keeping a close eye on the DOW now SC.

For info I have been drawing lines on longer term charts and there are 3 different levels of support at 161.50 which is why I think it's struggling to break down. It will come I'm sure, but out for now and looking for a possible entry further up.

Seymour,

I'm expecting EUR/JPY to continue unwinding southwards until the dottie line hits zero on H1.

Watching those Dottie lines Hils, mostly short positions this afty.

Short again at 161.62 fingers crossed :)

DOW looking a bit too sprightly for my liking at the moment, it's going to have a go at 13400 or even perhaps higher, hope not :S

paulson trying to talk up the dollar at the mo

What was I just saying about timing a position? Jeez got this one wrong after having got it right all day. Still think it's a short which is why I added at 91. Also seems everytime I post what I'm doing I end up looking like a berk, think I'll keep quiet from now and keep my trades to myself!!

did we make more posts than the traders thread ?

pth,

Do keep posting your trades.

Fwiw, I'm expecting the next move up on the 1-minute to stall below 162.04 followed by a move down towards the 161.46 low. I also expect it to gain support somewhere above this level as it's starting to look like the downleg from Friday is running out of steam on the 1-hour and I'm anticipating a decent move up overnight and tomorrow.

They're just my thoughts and I would stress that I won't be trading what I think. That's to say I'll be waiting for hard evidence of a turn first before entering the market.

I had a short at a similar level and stopped it for a small loss, Have been busy but I was wondering whether we might be looking to move back up but was busy for the last 2 hours so couldn't watch :-(

Overall positive for the day which is nice.

Hils,

Thank you for the advice, have been looking at why I thought 62 was a good idea and I must admit I can't see it now. I was watching the DOW at the time which was falling off, of course it smartly recovered and next time I won't be influenced by any one single factor, basically I was trying to second guess the market, der :(

I also have a line drawn on my chart at the .04 level, which for this move is pretty key, goes through here and 162.55 is a distinct possibility. Fortunately it seems to be running out of steam now.

eur jpy 1 hr chart looks positive to me, although we could have a fall back as 1 min (edit and 5 min) chart looking a bit overbought.

I still reckon that we'll see the dottie line hit zero on the H1, Seymour.

Also have a Fib retracement level just above 162.04 at 162.10