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The Forex Thread (FX)     

hilary - 31 Dec 2003 13:00

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Forex rebates on every trade - win or lose!

hilary - 20 Apr 2004 08:36 - 980 of 11056

I find that support and resistance lines work very well with Cable.

If you draw a support line to connect the lows of 12th and 25th March and extend the line through to this current period, it's no great surprise to see where it failed yesterday. Funky science.

Tellon - 20 Apr 2004 09:39 - 981 of 11056

Morning all,

Im guessing the

UK: March RPI/HICP inflation report (0930 BST);

Was bad..?

hilary - 20 Apr 2004 09:57 - 982 of 11056

Tellon,

CPI was 1.1 vs 1.3 exp

foale - 20 Apr 2004 10:39 - 983 of 11056

thanks for the info Hilary..
much appreciated

will look at that site

I already get the Saxo bank info as regular emails

I take it you are short

foale - 20 Apr 2004 10:47 - 984 of 11056

Hilary fx-strategy...do you take have the online or desktop version of this package

Charts look very impressive

hilary - 20 Apr 2004 10:48 - 985 of 11056

I am short, foale, although I'm perilously close to my trailing stop and might even have been stopped whilst typing this post.

hilary - 20 Apr 2004 10:54 - 986 of 11056

foale,

I only use fx-strategy for their Pro commentary each morning and don't subscribe to any of their packages. I use the free charts available from either FXCM (first choice) or Forex-Markets.com (back-up in case FXCM are down) and add my own indicators and support/resistance lines. 5-minute/5-day and 1 hour/30-day are my favourites.

edit: Incidentally, I don't always agree with the FX Strategy commentary. That's partly because I use different oscillators to them, but they also sometimes tend to say what they think might happen (or want to happen) rather what is actually happening. For instance, yesterday their own oscillator was rising and they were fishing for a short. Then today they expressed disappointment that it hadn't particularly fallen.

foale - 20 Apr 2004 11:00 - 987 of 11056

Thanks Hilary...all useful info

though still confused how you managed to print the FX-strategy charts


I use FXCM also

hilary - 20 Apr 2004 11:02 - 988 of 11056

That's because I right clicked on the page, then viewed the html source to find the url of the image that they didn't want me to find.

:o)

Ssssssssshhhh.

foale - 20 Apr 2004 11:12 - 989 of 11056

ok...well as long as just the two of us know :-)

Tellon - 20 Apr 2004 11:38 - 990 of 11056

and me!

Looks like another range bound day just like yesterday.. (GBP/USD)

Tellon - 20 Apr 2004 11:38 - 991 of 11056

and me!

Looks like another range bound day just like yesterday.. (GBP/USD)

hilary - 20 Apr 2004 11:57 - 992 of 11056

I'd say that you just need a bit of patience over the next few hours to let it put a fresh high in place and then short it from there. The 1-hour chart says to me that it wants to come down (over the next couple of days) but the 5-minute chart for Cable and EUR/USD both show signs of a rally first.

Tellon - 20 Apr 2004 12:32 - 993 of 11056

Gold is going down, Its at a strong resistance but it is going down. Suggesting an increase in the strength of the dollar. Oil prices are increasing though, suggesting that interest rates will not be rising in the U.S just yet meaning no giant jump in the parity. I feel the price will not breach 1.8062/82 today and the sell off of sterling will continue shortly..

IMO

Tellon - 20 Apr 2004 18:30 - 994 of 11056

But then what do I know.

Giving up for the day, bad week for me so far.. -32 today.

Cloggs - 20 Apr 2004 18:55 - 995 of 11056

Well your not alone, -60 but got a little back on rbs.

Tellon - 21 Apr 2004 09:14 - 996 of 11056

Managed to win back +3 on the greenspan speach so was -29 at the end of the day.

Today is looking much better.. Hopefully some trending will take place..

foale - 21 Apr 2004 09:29 - 997 of 11056

looking for thrills this am
long cable ahead of Bof E minutes!

S h o w t i m e !!

Tellon - 21 Apr 2004 09:38 - 998 of 11056

Im short from 64.5 +57 atm. Holding my short.

foale - 21 Apr 2004 09:40 - 999 of 11056

whoops...still sticking with my long
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