Forex rebates on every trade - win or lose!

Frustrating innit.

Yup
Will wait to see what effect Greenspanner has on the price but hovering over closing the trades at level/slight loss. Only half an hour before he stands up - zimmer permitting :(

Hi everyone, Hope your all keeping well. Been away for afew weeks, daughters halfterm and eldest son has just finished his final exams at university last week.

Currently short swissie at current level and watching the euro. Missed my entry on cable due to internet problems yesterday. See cad has stayed strong, like to see a nice pullback on that one

Quento - interesting posts, just trying a demo on metatrader as well

hello everyone.

Just a few words to say i'll be joining you good folks on this thread.

I've been trading day-trading stocks for the last 5 years but sadly the good times are over doing that. The order book is now so thin that getting in and out of positions is really hard work and on the wrong day on the wrong stock it can be very painful.

In addition the marketmakers are alot more switched on than they used to be - 5 years ago I had a system so simple I could have taught anyone with an 'o' level it in about 30 seconds - and it worked really really work.
But 2 years ago I reckon it would have needed about an 'a' level and about 10 minutes but it still worked really really well.

Now, whilst the system isn't useless it doesn't produce 100's of trades a day to choose from - just a few and they don't always work. I can still make a living trading stocks but I'm looking to move on as the lack of volume is a real trading issue for me.

I really really lke the idea of FX because I don't have to worry about volume and I can use stops unlike with stocks.


There's an awful lot to learn here and i'll be taking my time to get it right. I'm not looking to scalp here - i'm looking to catch the trend and stick with it.



so, first question. I need something to give me some charts. I'm not looking for anything special - just something I can draw lines on with rsi and macd.
The most important thing is that I want the lines I draw on today to still be there when I open it up again tomorrow. I'll pay money for charts if I have to but don't see the point if there's something free that is perfectly adequate


Bit annoyed I didn't catch a long on this today when it hit 1.9700 on the uptrend line at 9:30 today. easy trade with hindsight - just need to get some more confidence

Looking for something a bit North of 1.9800

long from the bottom that formed at 1.9634 then added at 663

moved stops close...

EDIT : ok out and flat 1.9771

after the spring up from the short term oversold...starting to feel
like coin toss...

Just closed at 1.9781.
Think it needs another run to get through.

Which means I'm still looking long ;)

Welcome CashChappie ;)

Welcome Captain :-)

Stop moved to b/e - possibly a little tight but want to keep my powder dry.

CC you are very welcome... someone I have actually met...


ok....free charts...no need to pay for FX charts...imo

I use

Daily fx Ppowercharts

you can save you support resistance and squigely lines for each currency pair here
and also differnt time frames support resist etc lines are saved for each instument

as well as your macd and all that ...just download it from there

Choccy

you are getting excellant at taking the last few pips on a move...
how are you managing that...?

Sheer good luck when I got home from work and didn't water the pots first :)

It really was on the last strike, as it turned out - didn't even have the chart open at the time.

I'm nursing losses - didn't close on the rise - hoping it was a blip - out of the money but hoping the wind has changed in my direction - that's quento's solar wind, of course. Stops in at 800 for unpleasant losses of 90 - so hoping that doesn't happen.

Just counted 3 "hopings" - very scientific :(

Well mg I'm watching it fall here hoping it doesn't go too far down - I hate to lose a profit but it's better than losing capital.

CC - Use prorealtime, not free but similar charts to cmc which I like and excellent alert system. For what I can see fx power charts are limited on what I can do with their indicators. Anyway good luck with fx. Have you looked at trading US, following that thread with interest

Closed earlier +10, thought it's bound to get stopped out overnight so might as well take a little bit off the table now. Not one of my better day's work :-)

Dollar/Yen is well worth keeping an eye on me thinks.

Another failed attempt to break January's high will see it tumble I suspect - it may have already started so I've shorted at 66.

Still half-expecting an attempt closer to 122, H.
Not convinced it's a short yet.

You could very well be right Choccie - I know I may be a little early but not convinced it's going to make another serious attempt - a bit of divergence on the Macd and stochs has tempted me short for the time being though.

Welcome CC.

Hello again Goforit.

and indeed I was a little premature.

short at 122.16 here - looking for the fade back below 122 and then see what happens