Forex rebates on every trade - win or lose!

Is that doing it in the Path lab? or insanely picking fx cross pairs?

Hil - so true! ;-)

" Big Al 16 May 2006 03:11 - 5637 of 5642
.....Still, I'm young yet. ;-)) "

Hmmm. All things are relative I suppose ;-)

(Only teasing Al!)

;-))))

Calendar replenished for another week's excitement and derring-do in FX :)

Thanks MM - another challenging week ahead I'm sure. :-)

Fairy FX Services have updated the Calendar.

Enjoy the weekend, FXers!

http://www.moneyam.com/action/news/showArticle?id=1323860

Following something of a kicking a few weeks ago, probably due to over confidence and lack of exxperience I decided to take a rest and re-think my strategy. With hindsight it was apparent that I was trying to trade tops and bottoms rather than trading what I could actually see and suffered the consequences. Over the last few days I have reduced my stakes until confidence re-builds and followed the trend. Never really staying in for long, but taking profits and if the trend has continued, re-entered. Obviously, this approach has not netted the really big gains, for instance 200 pips were available yesterday and I managed 90, but overall, I felt more comfortable. Hopefully, I will continue in the same vein next week.

From the link above it would appear that the recent Dollar strength is a blip and going long might be the order of the day. However, will wait and see what happens next week, rather than trying to second guess.

pth

Forex - Major currencies stuck in narrow ranges as US, UK mark public holidays

Hmm - well I've been told off a few times over the last weeks for not posting on here more. The thing is, the idea that anyone pays much attention to my musings in a public forum doesn't sit too well with me. It is so much easier to remind people off the board to stick to their goals, with a little extra persuasion sometimes.

As far as cable is concerned over the last few weeks, as it scaled through 1.86 - and a few foiled shorts thereafter, I finally succumbed to the notion that 1.9 was the big number. Didn't have much time to pay a lot of attention to trading in the last days before I went away, so I just left a sell order in at 1.9. There's a lot to be said for not watching the screen - I never would have got it that Friday otherwise - but anyway I added 10 points lower on the Sunday night. By Tuesday morning, I could've closed 200+ points lower but instead I left a stop in, arbitrarily at 1.8950. Oh and another sell thingie at 1.9 :) Whilst I did discover during the week I was away that I must've been stopped out, it never occurred to me that my order might have kicked in - so that was nice. Was busy catching up at work for 3 days last week and finally closed on Friday afternoon - bit of a support thingie going on just above 1.85 from earlier this month. Still playing it short today - nice and easy actually, coupled with a USD/JPY long.

I thought I might find the time to reflect on improving my trading methodology whilst I was away - but I didn't :)

Meanwhile, however, I have been considering the feasibility - if there is sufficient interest - of perhaps organising a small FX traders' day. I'm fairly sure there'd be a few ideas to swap - I for one would be keen to see Harlosh pointing his figures ;)

Just a thought anyway.

Chocolat count me in as long as its not on a weekend, just completed a online FX course so would be very interested.

Quiet day for me today, did manage to grab a few during the short lived spike up this morning, but closed (too early) and reversed. However, decided to close before going out and missed all of the fall this afternoon. With hindisght should have left a stop and limit in and would have come home to a nice surprise. Nevermind, three profitable trading days on the trot which makes a nice change after recent disasters.

pth

Choccie, considering the last FX discussion we had was about 4am in the Stanley Casino, Manchester, an FX 'day' sounds great to me :-)

I'm sure Bakko would love to come along too but he is sunning himself Downunder right now but will be back in another week or so if things can wait till then and there is enough interest.

Thanks again MM.

Harlosh: The real thanks are to our Hilary -- I am merely her little helper!

Choccie: I think the FX traders' day is a great idea. I'm sure Mike could be persuaded to add a little MoneyAM sponsorship to such a worthy cause ;-)

chocolat, great idea. i'm up ;)

I suspect Choc was thinking of something a little less formal - discussion over a pie and a pint sort of thing would be my guess.

Just managed to log on and cant believe what cable's been up to in the last 2 weeks!

Harlosh..Hope you shorted the backside off cable when it hit 1.9s

Hi Bak - you still there?

Still around