rossw Posted November 3, 2006 Share Posted November 3, 2006 happy, I've been watching the GBP fairly closely. There is usually at least a 50pip move each night (London hours being the most active in the forex world). Managed to be fairly profitable on the breakouts. Also need to keep a close eye on news releases. I read dailyfx.com for news forexfactory.com for a news release calendar and trade with my IG account. Mini forex is cheap to learn on at only $1/pip. And then you can go as high as you like from there. Here's the 15min chart from dailyfx. Yesterday during our day time, it tracked basically sideways. Once London came on board it broke down side for about 40 pips worth. I missed the initial breakout, but still got in for about 10 pips. Then it rallied from there for about 50pips, in a nice steady uptrend. I was on the train on the way home for this move so I missed it, but there are opportunities like this most nights. Link to comment Share on other sites More sharing options...
happy2 Posted November 3, 2006 Share Posted November 3, 2006 rossw, would this be the same chart as the one you posted? Link to comment Share on other sites More sharing options...
rossw Posted November 3, 2006 Share Posted November 3, 2006 Looks like it.. (mine has slightly fewer lines though!) Link to comment Share on other sites More sharing options...
happy2 Posted November 3, 2006 Share Posted November 3, 2006 Looking at the overall chart the us/gb looks like it is at a critical stage. This looks like solid resistance if there is not a breakout to the upside. Link to comment Share on other sites More sharing options...
happy2 Posted November 3, 2006 Share Posted November 3, 2006 rossw, how many pounds do you carry for a mini, 30000 for a $1. Link to comment Share on other sites More sharing options...
happy2 Posted November 3, 2006 Share Posted November 3, 2006 How much would you make out of shorting the pound here, ross. Link to comment Share on other sites More sharing options...
crowman28 Posted November 3, 2006 Share Posted November 3, 2006 In reply to: happy2 on Friday 03/11/06 06:29pm If you go long on USD-Yen, CMC pays you very good rollover interest. Happy, there is no cororate charge here, so happy to hold? Link to comment Share on other sites More sharing options...
happy2 Posted November 3, 2006 Share Posted November 3, 2006 In reply to: crowman28 on Friday 03/11/06 11:10pm Crow, what about the USD-GB? What sort of rollover interest? Link to comment Share on other sites More sharing options...
crowman28 Posted November 3, 2006 Share Posted November 3, 2006 In reply to: happy2 on Friday 03/11/06 11:15pm I am not sure, but not as great as going long on USD-Yen, if you go long 100,000 contracts, they once paid me $57 rollover interest. What I do, is I go long just before 9:00am each day (cut off time), and pinch hit the rollover interest, then quickly sell at breakeven or better after 9:00am. You'll find that you win quite some risk-free money doing this regularly. Link to comment Share on other sites More sharing options...
crowman28 Posted November 3, 2006 Share Posted November 3, 2006 In reply to: happy2 on Friday 03/11/06 11:15pm Happy, I remember if you short Pound, CMC only pays you less than USD$1 per night for 80,000c. Not great at all. Link to comment Share on other sites More sharing options...
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