Forex rebates on every trade - win or lose!

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

Morning all, not a good day yesterday got stopped 4 times.

long Cable 2.0385

Foale
Long from 20340

EDIT - sorry I was watching it closely so didn't give an explanation. I have a tentative support line on the 60 minute at 20340 which, if it doesn't hold (and I'm not at all confident) I will be going short to the next long term support down around 20250. It's one of those cross your fingers trades - could go either way.

Looks as if I've probably got that wrong - stop in at 20300

EDIT - Stopped out so looking at a possible long around the 20250 level - and might see if a short is on - if it bounces back up to around 20330.

Always dead easy to be a smart arse after the event and I'm especially good at hindsight, but I can't for the life of me see why you guys went long? Personally, I'm looking at 2.02 before even considering a long position.

However, wtf do I know? (Except I'm good at hindsight)

PTH
You're quite right, fo course, I've just reversed a short from 300 at 245 (so net gain of just 15 pips) - as I explained above, the reason for my long was a support level that collapsed leading to the short and now it's another long term (Daily) support. Again, if that goes then there's a lot further for it to fall - in fact, I wouldn't be looking at 200 I'd be again short back down to around 20050 to the next long term support.

If 20250 proves to be wrong I'll be shorting.

criticism of others trades fine as long as you post your own :-)


Also its not terribly encouraging to get others to post their trades...if they see negative comments as soon as someones trade goes wrong... Posting at the time your reservations would be more useful... or that you have opened a short being so confident it would fall....

Extract from todays RBS FX Strategy Email - GBP/USD was about 203.45 when I received it :

"Short GBP USD may well provide the best pro-USD trade from an interday perspective, with yesterday's EUR GBP sell-off (and subsequent cable lag) suggesting that price is due a catch-up move today. Thus, we see potential for price to soften towards the 2.0190 early December reaction low (also marks the minimum 23.6% retracement of the November 2005 - November 2007 advance)."

I've doubled up on the grounds that - so far - it's holding. Stops in at 200 and order to open short for if it fails and falls - 'cos it's got a long way to go.

SAS trading for those in the least bit tempted - "Who Dares Wins - But Shrugs Shoulders When It Loses" :)

Foale,

I was far from been critical and I think if you read my post again there was a considerable amount of self-mockery!! I was merely curious as to what had prompted a long position, always willing to learn.

I do post my own trades (now and again) but usually when I do I find they make me look a tw*t. I can live with that though.

FWIW I am currently short Euro/Yen from 16360, which I should have closed about 10 mins ago, but was distracted by the phone :(

I am sticking to my plan here. Only demo trading now but I have managed to not even feel like trying to catch a falling knife on cable and eurusd.
I am going to wait and wait and wait until it settles down and let someone else establish the trend and then I shall commit my paper funds.

my open paper trades are short gbpjpy 229.36 from the 11th, short eurjpy 164.63 from the 11th, short usdjpy 112.32 from yesterday and short eurchf 1.6701. I am not in a hurry on any of these trades and have wide stops.
Only regret is not banking some of the gbpjpy on it's trip down to 224.75 after the rate decision.

Interestingly gbpjpy did not fall yesterday as much as I thought it would in reaction to uk equities and once again this morning did not get dragged down much by uk equities or in sympathy with cable. I do not know what to make of this.

I'm still staring at charts and indicators here trying to find that piece of magic. I'm starting to feel like i'm getting somewhere. Simple things only ever trade with the trend, identify if it's a trending or choppy market - they are easy to say but somehow it's taken a while for me to take them on board. 5 years of bad habits on stocks take some getting rid of.