Forex rebates on every trade - win or lose!

I've already filledmemanolos, Seymour.

I knew you would have Hils :-)

I found this is quite informative about retail punters trading atttitudes :

http://fxtrade.oanda.com/resources/trastats/positionsummary.shtml

I've dumped them on that last legette up, Seymour.

Not looking too healthy now Hils. I now have a long running and am prepared to run a few days, I've seen it come down from 166 where I thought I should be short so this is where I think I should be long - quite prepared to be wrong though :-)

I'd rather be on the train even if it reverses at first.

I also agree that it's a long, but expected it to have a bit more va va voom and didn't expect it to back away from just above 161 as it did. I figure (hope) we'll see a better entry from lower down. M5, M15 and M30 all suggest it's going higher. They need to spill over into the H1 too imo.

Maybe, just maybe I can see a ma cross:

Or maybe not :-(

Only the 2 trades yesterday as above due to the fact my indicators showing the long term trends on H4 were in conflict for most of the day.
Not going to trade the gbpjpy. It's too fast and furious for me at the moment.

Spent some of the day investigating why I keep getting whipsawed out of winning trades for small wins. Read any number of conspiracy theories about stop hunting.
I do believe that after a considerable move in one direction once the stop firing momentum starts it does have an affect on the market.

Next objective is to research candle patterns to see if this will help my exits.

If this retraces to the somewhere around the 50 fib and daily pivot i'm going long on this with real money.
Hopefully those matching other fibs just below at 109.00 will save me it that don't work

right - money where my balls are long at 109.15

one bounces off the fib, the other off the pivot both within a few minutes.
Am a finally getting somewhere?

CC
Dont want you to think that no one is taking any notices of your post, as I am looking in during the day. I took 40 points on a USD/JPY long from yesterday and like you have just opened another long at 109.13

oh - you got to laugh - i put a stop in at +1 just before the data. got taken out and up she goes. live an learn

Sods law, closed mine for 42 points

Re cable - 1.96 has been a significant level in the last year - 1.9580s perhaps?

Have a look at USD / SEK choccie , approaching long term trend line ..... fill yer boots long :-)

well i've not had a good day so excuse me throwing my dummy.

I've tried to engage some conversation by posting some charts and some comments about what i'm trying to do but little comes back.

maybe the charts are good, maybe they are rubblish, maybe they haven't got a hope of making money, maybe they might be workable but need considerable improvement but threre's not much point in me posting them if nobody bothers to comment on them is there ?


After 2 months trying to learn fx I'm still floundering around trying to re-invent the wheel here. I'm not asking you to tell me how your wheel works. If you don't want to tell me that's fine - I respect that. But, a few pointers in the right direction well that would be nice.


A question I could use some help with.

What is the long term direction on cable as I know I supposed to trade with the trend?
the last 18 months have shown a clear uptrend but now it's turned and lost the channel.
from where i'm sitting anything could happen. It could move swiftly back up to the channel and longs would be the way to go. Or, it could retrace up to 62% and still technically be a long (but I don't want to fight a downtrend within an uptrend which is that strong).
Trends withing trends - it's all so confusing. Predicting the move in this market isn't so easy.

Hi

I read your stuff with interest - but I'm useless so don't comment

I have been saying for over a year that the was too high - WRONG Have had a short on cable since heaven knows when

At last, I am in profit & right

I have no idea what will happen next and when you read some of the experts they don't know either

I would say, at the moment, the trend on cable is down - but that's until it turns!

I use a site - fx street for analytical reports to try & work out which way things are going

http://www.fxstreet.com/technical/analysis-reports/

I think most people (& I may be generalising) on here don't know what's going to happen with enopugh confidence to post it?

Maybe I'm wrong? I am not a person to give advice, all I would say is cable seems to be trending down and it probably will change direction but I don't know when

Sorry if that's not more helpful but it is at least honest!

Exactly CC, trends within trends. The long term trend is not your friend IMO. You need to find the short to medium term trend in my opinion and trade that.

You would need deep pockets and nerves of steel to trade with the long term trend.