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- Leviathan replied Feb 17, 2011
My biggest fear continues to be slippage on MBT (being an ecn broker) with news releases. This morning, the E/U ran down 25 pips, then retraced violently due to US unemployment news. Instead of breaking even, I could have easily lost pips due to ...
- Leviathan replied Dec 8, 2010
I believe I may know how Tony recovers the small pip losses. After a losing trade, it's possible to simply take the next trade and move it to +3 pips once price has gone past the BE stop by say 5 pips or whatever. That way if you have another fail ...
- Leviathan replied Aug 19, 2010
I honestly think it'll be september before we see another win. There's just not going to be enough volume in the markets until then.
- Leviathan replied Aug 11, 2010
For those stressing out about the time it takes to get a win, again...patience. It can't be hammered into you often enough. Pretend you're only playing with $1000. 140 pip win with the money management Tony suggests means your balance x 1.56 ...
- Leviathan replied Aug 8, 2010
*crosses fingers*
- Leviathan replied Aug 6, 2010
Be thankful you got stopped out today on NY open before the NFP release. Those numbers were horrid, and the way the market lurched in response, I would have hated to have had slippage this morning. Glad I couldn't trade today.
- Leviathan replied Aug 5, 2010
I think I would have taken the 100 pips and re-entered on london open. What'd you do Tony? Take the 0sl hit?
- Leviathan replied Aug 5, 2010
There's that anemic price action.... EDIT: Ouch...that's long and out at -2 then eh?
- Leviathan replied Aug 5, 2010
My concern is that: A. Price action can sometimes be highly anemic prior to the release, leaving price dangerously close to the open, and of course... B. If the market reacts violently and turns fast enough, it's possible to have a stop slip for 10 ...
- Leviathan replied Aug 5, 2010
So, who's all braving the NY open 30 minutes before NFP? ECN = potential slippage, and there's no way to gaurantee that a stop won't slip. I'm frankly not up to the task I don't think. Idly wonder if Tony's ever gotten an epic win off NFP friday.
- Leviathan replied Aug 5, 2010
Meh, benefit of hindsight after the candle had already closed and moved on. My eyesight aint what it used to be I guess lol Might help to code an indicator that can be set to show the market opens, blows up the actual market price and shows how many ...
- Leviathan replied Aug 5, 2010
I don't know about not being able to put in an EA for it. The rules aren't hard set at 1 pip I don't believe, and in cases like today, waiting for 1.5 or even 2 pips in one direction would be beneficial. An EA that had a setting that could be ...
- Leviathan replied Aug 5, 2010
Long, out at +2. Would still be in the trade but slippage put my entry at 1.31270 instead of 1.31250. Should have left it at BE but wanted to make back my -2 from yesterday. Ah well. There's still a good amount of sell pressure for Tony and the ...
- Leviathan replied Aug 4, 2010
I figured out the problem. I took a quick look back at my chart and compared it to yours. What you posted occured at 9 am est, not 8 am. Recheck with your broker for their GMT offset and tomarrow make sure it's 3 am and 8 am eastern when you try ...
- Leviathan replied Aug 4, 2010
Wow, that is some serious deviation from MBT's charts. Here's mine. (MBT is eastern time) image
- Leviathan replied Aug 4, 2010
It's about 60 pips floating, pulled back from over 90 pips. I quit trading my scalping strategy today over this because I couldn't trade NY open today. Could have made nearly $4000 today, instead I'm loosing money. For those of you in it, I hope you ...
- Leviathan replied Aug 4, 2010
The price is the price, as a friend of mine likes to say. It's the same on every chart. 5 seconds, 5 minutes, doesn't matter. (it's just easier to see 1 pip moves on a second chart) I can't trade on a 5 second chart because MBT doesn't offer it. So, ...
- Leviathan replied Aug 4, 2010
Read the thread (or at least the first post). Unless you genuinely don't know anything about money management, forex, or how trades are opened or closed, it should be obvious how he can sustain 200 or more losses without his balance sheet moving ...
- Leviathan replied Aug 4, 2010
Tony, what has your experience been over the years with NY open and NFP friday?
- Leviathan replied Aug 4, 2010
Seems like E/U is going to be stuck until the news on friday finally releases. Market seems to be holding it's breath.