Forex rebates on every trade - win or lose!

stg shrt belwo 8820..long above..

My 8810 has triggered - so short from there ;)

mg i see 8820 as level if breaks above.i feel 8850..just my view..

mos - wouldn't necessarily disagree.

I had sell to open positions set @ 810 and 850 - the first one has triggered but the second is still there - just in case ;)

Stops set on both - 'cos I practise safer trading !!!!

yep mg only shrt term hourly view mate above 20 ill happily be long as next stop i feel 50..if it stays belwo could go sub 800 agn

mos
I'm looking for about 750 - would make for a perfect day - up and down ;)

yep ok mg well u never know mate.. but for me 8820 is this point range been
15/30 for past 4 hours...zz

That was all a bit rapid - stopped out of my 810 for -25 and my 850 sell has been triggered.

I should have just left things as they were...... but you have to be innit to winnit - or so that stupid purple Unicorn keeps telling me ;(

was short cable overnight at 1.8820, stop at 45. got hit by a bloody cmc spike again. I'm sure they do it to me on purpose.

any thoughts mos and good morning

Economic calendar for week 4 from 26 Jan. 05 to 28 Jan. 05

27 Jan. 05 00:00  Skilled Vacancy Report (Australia)  Jan      27 Jan. 05 07:00  Nationwide House Prices (UK)  Jan    -0.2%  27 Jan. 05 08:30  Business Confidence (Sweden)  Q4  2.0  2.0  27 Jan. 05 09:00  Retail Sales - MoM (Sweden)  Dec  -0.4%  1.7%  27 Jan. 05 09:00  PPI - MoM (Sweden)  Dec  -0.2%  -0.2%  27 Jan. 05 09:00  GfK Consumer Confidence (Germany)  Jan      27 Jan. 05 11:00  CBI Quarterly Trends Survey (UK)        27 Jan. 05 13:30  Durable Goods Orders / Less Transportation (US)  Dec  0.6% / 1.3%  1.4% / -1.4%  27 Jan. 05 13:30  Business Conditions Orders (Canada)  Jan  6.0  14.0  27 Jan. 05 13:30  Initial Jobless Claims (US)  Jan 22  330K  319K  27 Jan. 05 15:30  EIA Weekly Natural Gas Storage Change (US)  Jan 21    -110  27 Jan. 05 23:30  Jobless Rate (Japan)  Dec  4.5%  4.5%  27 Jan. 05 23:30  Job to Applicant Ratio (Japan)  Dec  0.92  0.92  27 Jan. 05 23:30  Workers' Household Spending - MoM (Japan)  Dec    -0.9%  27 Jan. 05 23:30  Tokyo CPI ex Fresh Food - MoM SA (Japan)  Jan  -0.1%  -0.1%  27 Jan. 05 23:30  Nationwide Consumer Prices - ex Fresh Food - MoM SA (Japan)  Dec  -0.1%  -0.3%  27 Jan. 05 23:50  Industrial Production (Japan)  Dec P  -1.2%  1.7%

40 point jump on cable, 7:00 nationwide figures?

Morning All,Just missed that one Jeff

yes and me also divetime. Just sold EUR/USD 1.3088, stop at 1.3105

I think we need Hilary's input here - or people who have been trading FOREX for a while and don't just rely on the charts. To be honest I "gambled" on the 09:30 figures yesterday and it came off. Not sure if I would have done the same for House Price figures - but that's the point - experience of the influence of "key" indicators requires experience/track record. I don't have that - YET.

My current "method" is simply to look at "relatively" big movements prior to 07:30 and then trade against them. That is based solely on my own observations of there being a degree of consistency that this happens. A "trade what I've seen" type of play - until the theory is proved consistently wrong - then I'll just try something different 'cos that obviously isn't a "pattern".

The result is that I'm short against the 30ish point rise. Looking for it to reverse post 07:30. If it doesn't then I've learnt something. If it does it gives me a bit more confidence to keep on doing it.

I suppose that makes me a "pattern" trader ;)

[EDIT - of course, everything comes down to interpretation - and the move down prior to the 30/40 point strike up might have been the move I should have been focusing on and that means my current position is all wrong - even based on the strategy I've been trying to follow - if you get my drift. Anyway - off day jobbing so c y'all laters]

Morning all. Small Euro/$ short at 1.3092.

edit. Stop 3105.

Ive noticed since trading fx that one of the biggest movers of the us dollar is the non farm pay roles figures, last year I was lucky enough (and it was luck) to be on the right side of a 250 point move in 10 minutes, I find that having bloomberg on all the time helps a lot as they usually know what figures will move the market.

no positions at moment as to busy at work.

mng all sorry late baby had me up all night...
8820 as i kept banging on about i feel is shrt term pivot ill be short belwo it long above but i do feel cable is trending higher @ mom..

MG, i think you have answered your own question,only you can gain the experience needed..and what you are trading MG, is known as the asian breakout,charting does play a major effect with fx, as so many traders use fib,macds stoch etc that they become a self fuffilling properchy,i for one am not a chartist but have had to brush up pretty quick...there`s no point trying to piggy back another traders gut feel as you will never see what they see.
not sure what your looking for MG, you are doing fine and eventually you will develop your own gut feel,but this can only be gained via expereince..
dont know if any one else whats to add anything ..to this ?
also ill add MG, considering you are not doing this full time your doing bloody well mate,ive the luxury of sitting here all day this is my full time job, most other posters..on here are in the same boat as you..so i wundt beat yourself up to much about it...

Euro/$ stop hit; looks like going up from 13100.

EUR/USD

Important support was found at 1.3055. A breach below here will probably face the second support level at 1.3.
On the other side, resistance starts at 1.3145 followed by 1.32 and 1.3290. We expect a new test at first support key
and probably a new rally towards 1.32 area. Current quote is 1.3081

Recommended trades:

Short at 1.3090, t/p @1.3060, s/l @1.3105

USD/JPY

First resistance is seen at 103.75 followed by 104.65 and 105.15. Important support was found in the 102.80/90 area.
Current quote is 103.32

Short cable 8855