Forex rebates on every trade - win or lose!

Not a long day today but tomorrow and US figures may change that?
Do we think yesterday was bond driven rather than dollar driven?

zzzzzzzzzzzzzzzzzzzzzzzzz

Amazingly narrow trading band overnight - pause for breath before taking out previous multi-year high (Tellon's 2+ prediction) - or a bit of a pull back?

Closed my short - flat - based on new (hilary inspired) trading rules. It's working already - it wasn't a loss ;)

swiss interest rate

unchanged ..... had been expected to rise

We could see a bit of a tug-o-war today because of that. My oscillators say long dollar, but what I've said about strategy to T and mg indicated short dollar first thing this morning.

hils
You didn't say anything about your oscillators - suppose you didn't want to embarrass me - but I'm broad minded - I'd have understood ;)

mg,

Normally the two tend to work in tandem so it's not an issue and I didn't really want to overcomplicate matters. Simplest is best imo.

Short cable at the moment,thinking about closing and reversing, any views ?

Eur starting to drop,will it pull cable back

Been watching this thread for a while and decided to put my six pence in for what it's worth. I am still trading on a demo account to develop my strategy. Been loosing a lot recently due to having my stops to close.

However I found a very good website that gives short (intraday), medium (daily) and long term (weekly) forcasts and it's FREE.

http://www.mataf.net/en

Currently long on Cable with a wide stop, going to hold out for the major uptrend. Already missed a whole section, but am keeping a close eye on it now.

Just opened a "Real" account with FXCM and will probably start trading "real" money in the new year.

David

Morning All,

Didnt have time to post this morning. I went long this morning and fully expected to be stopped out. So I used a very tight stop, the tight trading range helped with stop placement. Out for a small loss.. Not looking to trade today had Christmas Party last night and am not feeling to clever...

So back tomorrow after some sleep... Please will this day just end!!

hilary
Back in the saddle - not recovered all of my recent losses but working on it - thanks again.

What a roller coaster day. Exciting when you are on the right side of the moves. Establishing the turn is interesting - temptation (for me at this stage) is to go a bit prematurely - need to watch that ;)

Well worst ever day for me,200 pip loss on cable, that will teach me to forget stops

That's good news, mg.

German IFO and US CPI are the ones to watch today.

GBP Bank of England Quarterly Bulletin 0:01 19:01
NZD Non Resident Bond Holdings (Nov) 2:00 21:00 62.3%
JPY BoJ Monthly Report 6:00 1:00
ITL Industrial Orders sa (MoM) (Oct) 8:30 3:30 -0.1% 0.1%
ITL Industrial Orders (YoY) (Oct) 8:30 3:30 5.1% 5.3%
ITL Industrial Sales sa (MoM) (Oct) 8:30 3:30 -0.1%
ITL Industrial Sales nsa (YoY) (Oct) 8:30 3:30 4.8%
DEM IFO Ind. Survey (Bus. Climate) (Dec) 9:00 4:00 93.6 94.1
DEM IFO - CURRENT ASSESSMENT (Dec) 9:00 4:00 93.6 93.8
DEM IFO - EXPECTATIONS (Dec) 9:00 4:00 94.0 94.3
ITL Trade Balance (Total) (Euro) (Oct) 9:30 4:30 817M -921M
ITL Trade Balance (EU) (Euro) (Oct) 9:30 4:30 215M -141M
EUR Euro-Zone Industrial Production sa (MoM) (Oct) 10:00 5:00 0.1% 0.5%
EUR Euro-Zone Industrial Production wda (YoY) (Oct) 10:00 5:00 0.1% 0.5%
CAD CPI (MoM) (Nov) 12:00 7:00 0.2% 0.2%
CAD CPI (YoY) (Nov) 12:00 7:00 2.2% 2.3%
CAD CPI Excluding Core 8 (MoM) (Nov) 12:00 7:00 0.2% 0.0%
CAD CPI Excluding Core 8 (YoY) (Nov) 12:00 7:00 1.3% 1.4%
USD Consumer Price Index MoM (Nov) 13:30 8:30 0.2% 0.60%
USD CPI Ex Food and Energy MoM (Nov) 13:30 8:30 0.2% 0.20%
USD Consumer Price Index YoY (Nov) 13:30 8:30 3.5% 3.20%
USD CPI Ex Food and Energy YoY (Nov) 13:30 8:30 2.2% 2.00

Gooooodddd Moooooring MoneyAM!

Hello All,,

What a drop yesterday.. Im thinking a bit of a reversal today and 290 is my target entry... It shall not come but 300 - 315 maybe..

Missed 305 just now because I was thinking.. Damn IT!

Maybe its a sit on hands day....

Good morning,hope i can reed it better than yesterday,Hilary can`t find when German IFO numbers come out.

Divetime - How's this all times are GMT

17-Dec-2004 09:00 IFO Ind. Survey (Bus Climate)Germany Dec 93.9 94.1
17-Dec-2004 09:00 IFO - Current AssessmentGermany Dec 93.6 93.8
17-Dec-2004 09:00 IFO - ExpectationsGermany Dec 94.0 94.3
17-Dec-2004 10:00 Euro-Zone Ind. Prod. sa MoMEU Oct 0.1% 0.5%
17-Dec-2004 12:00 Consumer Price Index MoMCanada Nov 0.1% 0.2%
17-Dec-2004 12:00 CPI Excluding Core MoMCanada Nov 0.2% 0.0%
17-Dec-2004 13:30 Consumer Price Index MoMUS Nov 0.2% 0.6%
17-Dec-2004 13:30 CPI Ex Food and EnergyUS Nov 0.2% 0.2%

hilary
Looking at the hourly chart I notice that we've got a crossover - first since the crossover giving us the recent rise. My interpretation of this is that the odds are on a continued decline - what do you think?

Currently flat - although my bear head is telling me to short.

Prodman thanks for that.