Forex rebates on every trade - win or lose!

FED: In conjunction with BOC, BOE, ECB, and SNB, the US Fed
announces coordinated action to address short-term funding problems. Fed
says it will have a temp Term Auction Facility (auctions to begin Dec 17
with $20b 28d funds maturing Jan 17 using wide variety of collateral)
and swap lines with other CB's ($20b with ECB and $4b with SNB, for up
to 6 mos). All banks are eligible to participate in TAF. Other TAF
auctions to be held Dec 20 for up to $20b 35d; Jan 14 and Jan 28 also to
have auctions in amounts to be determined. BOJ and Sweden Riksbank also
have statements on web.

CABLE: Talk emerging that the sudden snap back in cable after the
1315GMT ECB fixing due to an order wrongly executed (sale of stg500mln
should have been a sale of $500mln/stg), the reversal meeting strong
sales of euro-sterling from a US investment house which in turn provided
an added boost to the pound/cable

Bloomin' 'eck. Should have left that EUR JPY long in place, up 100 pips or so since I last looked!!!

Well that makes a nice change, went long Cable at 11 o'clock, disappeared to the golf course to freeze my wotists off and found 100 pips in the bag on my return. Can't remember putting a limit in to be honest, must be going doolally I think :S

Obviously I could have shorted like a plonker (from what turned out to be a peak) and been well rewarded - and I could have pretended that there had been some magical TA reason for doing it. Hils would have seen through my charade so good job I had my hat and coat ready :)

Oh Dear. Fancied a run this morning as a change from the machines. 5km later, not only am I now totally knackered, but it was freezing out there and I felt a right numpty being out in just my sports bra and shorts.

:o)

Rather you than me, Hils.
I'm still wrapped up in my biiig pink fluffy jobbie ;)

Girls, girls, you shouldn't do this to us fellas on a morning. My mind is now working overtime ;-)

Seymour, i never had you down as that sort of fella:-)


I have not given up on forex, but admittedly am finding it hard, but rome wasnt built in a day,i have now switched from the cash charts to the futures charts, and even though still choppy, maybe slightly less choppy than the cash,
But everyone seems to be trading the cash and using cash charts,
is there a particular reason for this, am i more likely to get my arse smacked on the futures, ?

Ruth,

It's whatever you're most comfortable with.

Probably 99% of the freebie stuff on the web relates to spot. Futures prices are skewed from spot to reflect the carry which diminishes as you move towards expiry. Can you trade your futures contracts 24/5? I mentioned in a previous post that futures spreads can sometimes open up to 30 or 40 pips on news.

Hils, im only observing them for now, not sure if you can trade 24/7 would pressume so but will obviously need to look into, just exploring all options at the moment
im watching cash prices on cmc by the side of the futures,theres not much in it re the time advantage, its milli seconds before cmc change their quote , where as on the ftse futures theres a little bit more of a time advantage,sometimes upto 3 seconds over the cash
i guess forex being the biggest traded instrument, every angle is already covered for little fish like me:-)

Ruth, prices are slightly different depending on the Fx broker anyway, different spreads sometimes, it's recommended that your charting is from your broker but I won't think it matters that much when you're looking for a hundred pips or so!


Happily married btw, just a vivid imagination :-)

Seymour, nothing wrong with a bit of window shopping,:-) its the ones who dont admit to thinking about it that you have to watch:-)

working through my dinner today playing with forex futures etc comparing,great thing with esig is you can drag it to any point on any chart and put it in replay motion and it will then replay exactly as it occured bar by bar,can say opt for a 3 min bar to replay every 1 second or whatever you specify, but it automatically draws all the sigs bars exactly as the happened, great liitl piece of kit.
, no positions open elsewhere now,so watching with 2 eyes instead of one.

Currently short GBP/YEN based on most time frames, although the 15 min chart is somewhat contradictory, hoping for a retracement to 22745 :S

Just caught up with this thread: for those that haven't had the pleasure of meeting our Hil, I can assure you that the sight of her in sports bra and shorts would reinvigorate (I think that's the correct word) you chaps.

reinvigorate..thats an anagram right...

actually several traders working up a composite from

a) 'the legs'
b) the ski outfit with hat....
c) sports bra etc...

d) the imagination...

lol

Closed out flat :(

I gather some peeps are now using metatrader.

I've got a handy little custom indicator I picked off a board somewhere which converts the macd to a variable green or red based on its strength or weakness and you can see all the timeframes at once. Handy if you are in a trade and it seems to be going wrong you might spot why quicker.

Of course for some they might spot winning trades quicker but for me that's a situation I'd like to think might happen one day ;-)

If anyone wants email me please. There are also some other settings you can adjust yourself in it like adding the price in huge big text so you can't possibly miss it and other stuff to do with backtesting I don't understand.


http://i218.photobucket.com/albums/cc95/cc1cc2/added-macd.gif

sorry i can't post the picture only a link. moneyam seems to want to put extra backslashes in the address

Sounds interesting CC - you have my email address - would you send me a copy please. Thanks.

Click me for above link