Forex rebates on every trade - win or lose!

Still short usd/yen.

Hils, I opened this position because of the divergence on the 4hr chart with the spike and what 2 other time frames and their indicators were saying. Dont expect it to be a big drop but may go back to test support. Will watch the mid 50 area with interest.

Find the 4hr chart with divergence can often be a turning point in a trend and if I get signals will jump on board. Currently watching eur/yen, eur/usd and usd/cad. Doesn't seem to happen with gbp/usd very much.

Time for a cuppa and listen to the cricket!

goforit

Hang on a minute, Hilary criticised us 'guys' for picking tops and bottoms, shorting the Yen (by picking a top) and then opens a short position anyway!

Hmmm odd.

pth

gfi

Do you mean "Hils, I opened this position ..."

cos I'm sure Hils ain't short Jappy :-)

SC/PTH
Hils might not be short the YEN but I am - since yesterday and added @ 68 and 50 earlier. Sitting on 'em for a bit - unless the in-screw-tables turn and run back to 1.24.

If I'm reading Hil's strategy correctly the 60 minute is looking like it could go below zero on the MACD and she would then become interested in a short. Apart from her comments about ".... who would buy the YEN at this level ...." I don't think she's suggested she's short.

BUT, I'm sure she'll let us know which way she's laying - ooooooeeeer missus.

I am short USD/JPY today as it happens, Seymour, since just before noon based on the 10-minute chart which looks like it might follow through into the 1-hour chart.

You weren't to know that though.

:o)

Just gave her a nudge 'cos she was fast asleep next 2 me 8O

Fwiw, I suspect that the Dollar Index has got a little bit more to fall (sub-82.5, currently 82.59) before it rebounds a bit later this week for another crack at 83.25.

I've tightened my stops on that USD/JPY short as it's started to look a bit iffy now.

sorry for the confusion, forgot my punctuation, have amended. Bounce up now? Look to add in the 50s if I get my signals

Cable getting towards the top for now? None of the indicators looking like it yet but chart wise there a down slopey thing and we've met it, so ....

what happens next? :-)

Could also go to 9950 as well. Nice clear resistance there as well.
4 hr chart.

Also interesting to see where the Jappy goes from here. I have support on the downward channel at around 12330ish according to my 8hr charts - then 12300ish - which I think is considerably stronger as it is both a psychological barrier and the bottom of an upward sloping channel.

Still short.

Cable...caution ahead of MPC Minutes at 9:30

Yukiko Ikebe, a 59-year-old housewife in Tokyo, in April was indicted for evading about 139 million yen in income taxes while earning 407 million yen trading foreign-exchange, according to the Tokyo District Public Prosecutors Office.

"She must have earned more money than us,'' joked Yuji Saito, head of the foreign-exchange sales department at Societe Generale SA in Tokyo, said to my colleagues, let's find her and hire her.

Pity she doesn't do a live webinar !!

qwento, is she married?

disappointed with usd/yen, was hoping for a better drop than that, maybe later on.

monitoring usd/cad, challenging daily trendline from april!

currently long usd/chf and feel I should be short cable but i'm not yet

GFI, I'm also watching cable for a short, not happy to take a position yet. Will have a look at the others you mention tonight.

Cable about to break out for sure...and for me its 50:50 whether it tries for 2.0000 again

Jappy been very interesting - if you are a massochist. It seems to have tried to get up to 1.24 but turned back about 5 or 6 times at or around the 1.2370-75 mark. It's been treading water all week.

Still holing on to those shorts but not really expecting to come out profitably - unless it finally heads back to the 1.2300 area.

Very frustrating.

Cable looks good this am...but this early it sometimes tests resistance points...before proceeding in the other direction for the rest of the day

Old high from 5th guarding 2.000


Hils this dlr weighted thingy you quote at 82 summat or other...how can I display that as its a basket not a pair?

stopped out of my JAP short... have taken it again from 12399 - would like to claw a bit back while it rejects 124 a few times..

SM

bugger that...
JAP wants to go on...shouldn't but, like a determined child....

SM