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- pescador replied Feb 15, 2023
There is no trend, there has never been. All that there is, are waves of various lengths and amplitudes. The longer ones can be confounded with trends if seen without context. If you figure out how wavelength and amplitude manifests in PA you will ...
- pescador replied Nov 14, 2022
I agree with a lot of this. Than again, there does exist an edge for us small fish too. And that is to observe the activities of the big fish and pre-empt their next action, recognizing the build up of momentum from these activities. Making an ...
- pescador replied Nov 9, 2022
As soon as you have learned enough about yourself so that you don't follow your greed, you might give up on it but you don't have to any more. If you do not see that success in trading depends much more on being able to learn about yourself than ...
- pescador replied Nov 9, 2022
I think the edge lies in realizing that the market is neither random nor ordered, but random and ordered at the same time. There are patterns of change between equilibrium and disequilibrium. Each equilibrium state is temporary and in itself is part ...
- pescador replied Sep 8, 2011
Any 3rd party software with IB Gateway will do the job. The cheapest would be QuoteTracker --free -- with the patch posted here url Enjoy!
- pescador replied Sep 7, 2011
Try Interactive Brokers. Excellent execution, very good liquidity and tight spreads. Powerful (but a bit difficult to learn) platform. I love to trade from their BookTrader (DOM) platform. A lot of order types, autostop and bracket orders are no ...
- pescador replied Sep 7, 2011
Oanda if you want to trade with smaller lots than 100k. Interactive Brokers if you are going to trade 100k or bigger lots, and if you have 10k USD to open an account with. Nothing comes even close to these two IMO.
- pescador replied Sep 7, 2011
This is not the case with Oanda. While they do not guarantee exact stop levels either, they do guarantee that you cannot lose more than what your account balance was, so no negative balance. see here: url Following Oanda Forum I have seen myself ...
- pescador replied Sep 6, 2011
I'm seeing it with QuoteTracker too, but not for all pairs.
- pescador replied Aug 30, 2011
I agree. IB is an excellent broker for FX, one of the best IMO. But one has to understand how their system works, and take time to learn their tools. Also one has to have enough equity in order to trade at least standard lots in order to get the ...
- pescador replied Aug 29, 2011
Cancellation fees are collected by certain exchanges. As for FX there is no exchange, there is no cancellation or modifiation fee at all. IDEALPRO is not an exchange, but an ECN.
- pescador replied Aug 8, 2011
Sorry to hear this mate, but I have to say it IS your fault. The very same day, this Friday, I traded EU with Oanda the same old strategy of mine, 4 pips hard set SL that I never move, and made 15% gain on my account. Learning to scalp takes time. ...
- pescador replied Aug 5, 2011
FYI I scalp happily and profitably EUR/USD with Oanda. I have a hard set automatic SL of 4 pips, and go for 5-10 pips profit or more. My SL almost never gets hit. So my guess is, that you still have not learned to observe waves. That's all. Typical ...
- pescador replied Aug 5, 2011
Oanda for EUR/USD Interactive Brokers for everything else.
- pescador replied May 1, 2011
An edge in discretionary trading (if we do not consider insider information), is having those qualities that the least people have, and the most have difficulties in developing: freedom of thinking, patience, wisdom, non-attachment, discipline.
- pescador replied Sep 4, 2010
Actually FINRA proposed a forex leverage limit of 1.5:1 url This was iB's comment to it: url Hard to imagine they would allow 100:1 now.
- pescador replied May 28, 2010
This is utter bullsh1t. Oanda has stated many times explicitely that they have no such limitation. One can hold as short a trade as one wants.
- pescador replied May 26, 2010
Oanda Interactive Brokers Currenex All of them run natively on Linux. For charting I recommend ProRealTime ($50 monthly fee) Netdania is usable also (free) Charting packages that work well through wine: QuoteTracker, Amibroker, SierraChart, MT4 I ...
- pescador replied May 26, 2010
You should rather say bucket shops. Real ECNs do execute fast, even during news and market crash.
- pescador replied May 20, 2010
Oanda is actually very good for scalping. There used to be some technical issues around the time they introduced 1click trading, but these are gone now for more than a year.