Forex rebates on every trade - win or lose!

I just use a double headed coin - works wonders ;-)

Qwento - I just emailed you

Not my words ........



Investors are scared stiff that the Fed has cranked up the printing press and inflation is going to run amok. What they are ignoring is the fact that very little of the money that the Fed is pumping into the system is making its way into the real economy.

The Fed is in a unique position at the moment; they are THE central counterpart for the US money markets. They know where EVERY body is buried. They can gauge the health of the money markets to an extent they have never been able to before. Once banks start withdrawing excess reserves from the Fed and putting them to work in a big way, the Fed can start to shrink the balance sheet. It’s like playing poker and being able to see all the hands. This should allow the Fed to ward off inflation before it can take hold.

My guess is we have a knee-jerk rally for a day or two followed by a reassessment. Markets will either turn decidedly toward reflation or they will fail. If reflation is the trade, the dollar will fall. If risk aversion returns, the dollar will rise regardless of the aggressive move toward quantitative ease.

The Fed is betting on risk aversion; they would not be making this audacious move if they were not extremely concerned that the economy is going to worsen and stay weak potentially for years to come.

How will we know if the reflation trade is for real? Oil will break and hold above $50 and likely move quickly higher; Gold will slide back below $890 and stocks will rally like we’ve never seen in our lifetimes.

When are they going to start digging up the Euro bodies?It's behaving like Teflon Tony

Well I never - I had 2 cable longs running. One was stopped out and the other closed for a profit - I certainly didn't expect that after such a down day!

http://market-ticker.denninger.net/
Why do I keep dabbling in currencies?Glutton for punishment

One of my systems opened a cable short about 30 seconds beore the Fed, Flossie. It took out about half my profits from a USD/JPY short that I'd also had running for most of the day.

That's a bit of a bummer Hiltops. Systems, eh? Who'd want 'em :-)

Hope you are all making loads on this cable move up

Well I managed to sell the last low half hour ago, Jeffie, and I hope I haven't just bought the high.

I've cleared 7 cents from it in 24 hours though, so it's not all bad.

:o)

Not all bad at all

Sue, I hope you got your email yesterday - I do not have the greatest faith in MoneyAM's email system :-)

Email also just sent to John.

I was reading something about the trading sessions and was not sure when each started/finished. I dug this up, is it about right

The schedule of trading sessions on FOREX
Region City GMT TIME
Opening Closing
Asia Tokyo 0:00 8:00
Europe London 7:00 16:00
America NY 13:00 22:00
Oceania Sidney 20:00 04:00

Try reading this, Jeffie.

In addition there's a strategy on the market called ProFX which is designed to trade cable during the European morning and US opening session. Personally I think the indicators which make up the strategy are cr@p but the time part of it is actually very valid.

Thks Hillypops

qwento

Yes thank you - apologies have been out of office doing that dreaded work thing!!

As far as I see it - I need to use it for a week & then resign?

I will try it when I have a spare week!

Thanks

test - sorry

As you might remember I had a problem with ODL crashing. So I reinstalled at the weekend and it is now working OK. Only problem is that after startining ODL and then starting Alpari, Alpari is crashing with the same type of problem I had with ODL. It seems that on my PC Alpari and ODL cant work properly when both open at the same time.

Anyone else have that problem or do you use only one MT4 suplier at one time.

I have both Alpari live (classic) and Alpari demo running on my machine Jeff without problems. I assume they are both installed into completely separate directories?

edit - I had to make sure I specified a different directory otherwise they would have installed into the same directory.

I'm looking at having and ODL a/c as well so will be interested to hear what you find out.