Forex rebates on every trade - win or lose!

Harlosh,

The Updata convention of USD/GBP is incorrect although their chart is actually of GBP/USD which is at approx 1.74 despite the incorrect convention.

If it were USD/GBP the price would be 1/1.74 (ie. 0.5747).

If the number (1.7nnn) is rising, then it is the value of the pound going up

Thanks Hilary. I think it is the Updata chart which is confusing the hell out of me.

Caution. There's meant to have been large EUR/USD short stop loss which has been triggered in the move higher this morning. Now that's out of the market ................

Who knows?

ditto H. Haven,t a clue which way its going to go, so I'm of to the shops to buy my little girl a pressie. catch you later

10:40 EUR/USD: German Buying Linked To Schatz Auction] London, Mar 8. London
based players are noting the German interbank name demand for the EUR this
morning since the Asian session. They have linked the buying out of Frankfurt to
the German 2008 Schatz auction at 10:00 GMT. The initial rumours said the German
name had in the region of EUR7Bn to buy but upon the release of the auction
results showing the market bought EUR7.69Bn the order looks to have already been
filled over the last week. The latest rally to 1.1940 in [EUR/USD] has eased and
technical accounts selling ahead of the 10-Day moving average line are reported
to have helped weigh onto the topside.

Currently long USD/JPY

Looking to short cable soon

I knew there was something I wanted to ask you Hils!

What the fer-ferk's a merkin and can you google it? :o)

You need Wigs 'R' Us, Choccy.

:o)

Where on earth did that lot come from???, take a short break from my one-post-a-week thread and all hell breaks loose!!
Anyway I think I finally cracked this FX lark, changed platforms (hilary will be proud of me..:-) ) and tried a cable trade on E-Trade, don't know how to work it, though??
Upshot of all this, manually closed the trade and didn't realise I'd left a stop on.
On returning home from work discovered not only that the stop had triggered, but had accrued me a nice +125.......piece-of-piss....ROFLMFAO.

Stormie: Welcome back!

Yup, things have livened up around these parts and there is a small, select club of finely-tuned expert FX traders here, led by that perfectly-formed band of charming ladies in the shape of hilary and chocolat.

Cheers

MM

MM,

Long time!!.......partly explained by the fact the finely-tuned experts found out I'm not very good at FX (see post..lol) so they barred me.......but I sneak in during the wee small hours when they are not looking...LOL

ps Hope you are well..:-)

I am well, in the rudest of rude health, thank you. I trust you are the same.

MM,

Very pleased to hear that!!, things are well here also, aided I am sure by a week away from the office...LOL

Harlosh, I think (on CMC) that you are seeing dollar falling, pound rising.

Going "Long Cable" means buying a GBP/USD on CMC (I think) - I'm sure someone will correct me if wrong!

Has the paint dried yet?

Yen's very fruity this morning, goforit. EUR/JPY 2 easy moves for around 90 so far.

hils, Only trading of my laptop at the moment so struggle to watch more than one currency pair. I am learning so have stuck to cable sofar. I have recently moved out to spain, and will be getting a better computer setup in a couple of months when we've got a place sorted. Any advice/help always gratefully received.
See what you mean aboutEUR/JPY

goforit,

If you use FX Power Chart, you can watch multiple pairs/crosses at different time frames simultaneously in one large window on your laptop.

The data feed is from FXCM and therefore marries perfectly to FXCM quotes. If you use a different broker, then the price on the chart may well vary a little bit from your broker's own quote.

Edit: This is the link

hilary, thanx.