Forex rebates on every trade - win or lose!

I sometimes use a Fibonacci retracement to enter the market, but have been frustrated by the standard MT4 lines which only show the Fibo level but don't show the price.

I did a bit of digging and discovered that inserting %$ into the description in the object box will print the price.

You should have asked Hil - I knew that - one of the few things I do know about MT4!!!

I'm normally the last person to suss the easy things out, Seymour. It only occured to me at the weekend that I could make my desktop a bit bigger by dragging all of the toolbars into one line and removing a few of the icons that I don't use. Doh!

Did you get my email yesterday, btw?

Yes I did thanks - a bit busy but will reply tonight/ tomorrow when I get a mo.

Hils,

Sent you new version of MTF indicator last night. Did you get it?

Yes. Many thanks, Foxey.

I've been running it and can see a problem with it. I've taken a screenshot which I was going to mail over to you a bit later this morning.

Presumably Spencer Dale will be a dove????

edit: No. It appears he's a hawk, moulded from King.

I doubt it will appear on any Economic Calendars for this week, but there's an important decision looming from a High Court judge which might affect the Euro significantly.

Stuart Wheeler (of IG Index fame) has taken the government to court over their decision not to hold a referendum on ratification of the Lisbon Treaty. The judge has told the government to hold fire until he delivers his verdict this week.

I don't understand the legalities of Wheeler's argument, but if the judge should rule in his favour ......................

09:44 GMT, Jun 25 2008 | Posted by Mark Mitchell from London
The Fed face a tricky dilemma tonight

Everyone and anyone has an opinion on what the Fed will do and more importantly say tonight at the conclusion of the FOMC meeting, so I thought I'd hazard a guess too. I think it is telling that the day before the blackout period for this meeeting we had the various Fed sources articles coming out saying that the market had gotten ahead of itself in its expectation for interest rate hikes. These articles have certainly dampened the rate hike ardour of the markets, but haven't completely removed them from the table. What the Fed needs to do tonight, is to convince markets that it is serious about inflation, while showing that it is not yet ready to raise rates. A tricky task I grant you, but achievable if the Fed's statement puts more emphasis on inflation expectations and highlights the Fed's resolve to resist further increases in inflation, while continuing to stress the FOMC's opinion that inflation will moderate. On growth I feel they will stick to their tone of fears over the economy and the financial sector. After all this I would expect the Dollar to be little changed from where we are now, as once again we get back to analysing the economic numbers and seeing how the economy performs after the one off rebate check boost.

hi there, everyone on holiday? is anyone else having problems with the interactive calender, seems to have become invisible, same happened last night

It's OK here, Gofe.

If there's a problem, it's most likely DailyFX/FXCM as it's their calendar. Have you tried going to their site directly?

edit: I use Opera and keep a tab open permanently. http://www.dailyfx.com/calendar/

Isn't showing here either GFI.

Seymour,

Have you been able to open that indi, or is it still a problem?

OK at home Hils but that's not where I need it! Haven't tried on work machine as that has so much running and so little memory! Going to get more memory at work then try, so still running with the old ones there.

edit. the machine I'll be using today has 2Gb so will try that, but it runs my eye test chart as well, so don't want to mess that up!!

Seymour,

Just rattled a pm off to you. Let me know if you don't get it as I think those things have a habit of getting lost in cyberspace.

see gbp/usd up at the 840 area, when it was there latter part of may struggled to close above 845 on the hourly. intresting to see if it rolls over!

Sorry Hils, had a busy morning so haven't had a chance to look until now. Yes, I got it, will reply over the next few days, having a really busy time atm, not much time for trading :-(

I prepared this over the weekend to see which FX instruments have the widest daily trading range. Although I looked at every pair/cross, this is the top 12.



Gold is the only commodity that I looked at and it easily tops the tree. Some stock indices also warrant a place in the list. For instance, the average UKX range is 104 points.

Most surprising was to see GBP/CHF in there. I'm not sure just how tradeable that would actually be.

edit: The screenshot was actually taken this morning, so the ranges are a little on the low side because they're weighed down by the Sunday evening/Monday morning action.

hilary, how longs the period that covers these averages?

Don't know I'm afraid, Gofe. I don't fully understand what the formula's doing when I look at it in the editor. I've just canibalised another indicator utilising my cut'n'paste skills.

If I were to hazard a guess, I'd say it's the average of the 1, 5, 10 and 20 day ranges.