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Perhaps my business would allow that as long as your profitable. So...you need a job? lol
I look at them in oanda's news ticker. You can filter out the option news. Very useful to me.
I'm going to remain a top-side seller on x/jpy as long as the market persists downwards.
Ultimately, I would like to be a full time trader. Once my bills are gone, i'll have the funds required to take a shot at being a trader.
CEO of Microsoft. lol
Closing my shorts. we can share the responsibilities!
I just re-did my resume and updated it over the weekend. You should send me yours...when I become a boss, I may need you! lol
I just shorted gbp/jpy and aud/jpy.
I'm switched over to sell the x/jpy rallies until strength returns to the market. Focusing on gbp/jpy for some crazy reason. I obviously stopped out of my aud/jpy long from this morning.
I just bought me some aud/jpy with a tight 50 pip stop.
DJ Futures:
Dow Jones +66.00 8453.00 5/8 8:31am
GBP/JPY has 6 candles closed above the 200Day SMA. GBP/USD is soon to break its 200 SMA...i'll continue trading the long side of both of these pairs.
I think that what you mention is laid out for us in Heiken Ashi candle charts. Basically, they give a much better representation of the trend. Instead of having to count the candles, the heiken charts use a different algorithm. So, on a standard candle chart, one might see 10 candles, 6 green 4 red. On the Heiken, it would likely be represented by 8-10 green candles. Check it out if you are not familiar.
I am trading the GBP pairs this morning. On the long side of GBP that is.
Right...the suckers like me!
"they're gonna get the suckers who don't wait for the run to establish itself before they put in their stops. jmho."
Brokers use multiple feeds from banks...thus creating a market. Brokers aren't simply making up their own prices...Stockster hit it on the head really.
Very right. I certainly believe that close stops get taken out at the desk....Others seem to believe that 100+ pip stops on a 30k trade are hunted by A broker. Simply illogical.
Kindof hard to make that argument when I can look at all of my brokers' charts and they are identical. You certainly are correct that buy/sell with my broker only. It's a means of creating liquidity in the general market. The brokers act on global feeds. Most brokers us multiple feeds so that there is sufficient liquidity. The more feeds, the better. It's really no different than the stock market...MM's were "installed" to create liquidity. They can sell shares that don't even exist, legally. The more MM's the more liquidity. You can consider a Forex broker a market maker that obtains liquidity via their price feeds. There really is no conspiracy.
Now your on the right track with this post...."they"(THE BROKERS) aren't after my $5.00...it's the general market after the $50,000,000. Not one broker attacking one person. But the general market targeting a significant technical level.
I certainly know brokers use the spread to take out orders that are close to the market...and I don't have a problem with that, but not 130+ pips away. There was no spike, stop hunt, or anything of that nature. I put my stop in a stupid place...period. I just get aggravated when I look on message boards and see people stating "them f'ers took my $5.00!" they intentionally moved the market 50 pips to get my 3k order...or margin call my $15.00 forex account. Just silly to say. lol
I didn't say I was taken out by a spike. I'm saying I entered an order, it was up 100+ pips when I moved the stop to BE, and I got stopped out. No thoughts of a stop hunt. The market "trended" and took out my stop. If I have 4 brokers, and the charts are basically identical. I don't see how anyone can claim stop hunting when the charts are basically identical. Occasionally there are erroneous spikes that get fed through the platform. In the event of that, its too easy to call the broker and settle the issue. I've done it more than once without question from the broker.
I thing the term "Stop Hunt" is abused. A true stop hunt is nothing more than the overall market targeting a significant technical area. For example...If YOU go long in anticipation of breaking a significant resistance area...you are part of the stop hunt. I just find it hard to fathom that forex.com moved the global, multi trillion dollar, market 130 pips to take out my 30k stoploss. That is laughable...
I think its a scam too. Good thing i'm the scammer and making money overall. lol
Exactly! Enough said. lol
"The more this happens to you the more you will realize that it is no coincidence"
Ohh an btw...i've been trading for plenty enough time to understand the market...and remain net profitable. I always read agreements and understand fully how an intermediary works as well. So, the "secrets" are no secret to me, you could say i've been there done that.
I have 4 brokers...charts look the same to me. Same 130+ pip drop on every one of them. Take a look if you get bored.
I honestly don't feel that my broker has the financial power to move the market down 130+ points just to take my 30k order.
I'm going to buy it on dips.
I had 30k long at 131.40. I was up 100 pips last night, so I moved the stop to break even....enough said! I basically got stopped out almost to the pip and got to watch the price rally back to the highs in a very short time. Pisses me off!
Forex.com MT4 Users read this:
I spoke with a kind support rep at Forex.com and he said the server IP changed this morning to: 4.79.152.141:443
Would have been nice to get an email ahead of time, either way, my account is working now.
Early bird here. However, I get "No Connection" in my forex.com MT4 platform....wtf?
You have to specifically request the MT4 account. They are not compatible with the standard accounts.
I use forex.com--MT4, FXCM and Oanda. I like the MT4 account the best...the platform is very useful in my opinion.
Ataglance is correct. L2 as well as volume is only for the broker. If you want to use such things for trading, it would only be useful in large brokers, perhaps Gain Capital or someone like that would handle enough volume to give a reasonable representation of global volume. Either way, it will only be a drop in the bucket.
Yea, that's the way i'm looking at it, if I can make 30 or more trades an hour and take 1-5 dollars per trade, that's a pretty good income. The question is, can it be sustained? So far, I have sustained it for two days. I bumped the risk up to standard lots yesterday evening, and am keeping it there for today to see how I do.
USD/JPY and EUR/JPY are working well as of 8am...i'm going to stick to them since their spreads are down. Im taking a stab at the king of micro contest that FXCM has. I figured i'll trade small and take small pips a bunch of times to add up to big pips. Very little risk there. So far this a.m. I have 8 winning scalps and no losers yet for a total of about 30 or so pips.
Good morning Omar
Continuation of yesterdays scalping list. FXCM+EUR/JPY+1.2spread=godly for scalping! I'm trading eur/jpy, usd/jpy and usd/chf this morning. I bumped up the risk starting yesterday evening to minis rather than micros.
To get them cascaded in TS just open a couple of charts that are tabbed in the TS then click and drag the tab around until you get the blue arrows. Use the group of blue arrows in the middle rather than the outside edge to set the windows how you want them.
Check it out! I finally figured it out.