I have been in this forum for about 2-3 months and just now i am trading live (yesterday started). I make this my 'blog' on trades til i blow my account away, and of course have my reactions/ feelings and of course wins and losses. I am primarily a News Trader (FA), so i will try to explain all my trades through what economic reports that comes out. I am not an expert, nor i can explain everything, i will give a basic, bastardly, summation of the trades. Of course i will use charts that are available on this forum from other GREAT members who would do teh work to help out others in the forum. I will BOLD which reports i trade and update on how much i won or lost. I am here till i lose to about 1k from my 1500 account and only trade good reports that are very volitile, which is basically limiting myself to only a few trades per month.
First day; Sept 25 06
Lost 240 total out of 1500 account. I should have been up for all my trades, but slippage/delayed reaction caused this to happen. I traded the NDZ trade balance and US home sales (was up on this one). I lost 200 in 2 seconds, i had my TTO at a specific spot and should have been a 2-5 pip loss, rather it was a 20 pip loss. I called and they will see what they can do. Which the C. service dude said TTO is a market order which was that a market order. Go figure, stop loss+ TTO signals my automaded trades as market orders eventhough i told the system that i wanted to get out at a specific spot. They even said that Forex is a unregulated market, which they are hinting that i am screwed. Overall, not a good sign to trade with MBT with the current responces that they said. But i will see today if they call me with a better explaination. Hopefully i will get teh differnce (it was the sread that filled me, not the market, added to teh slippage, yeah... not good).
Today is a better day, i will trade the retrace (fade as others call it) on the US consumer confidence. Would love to trade the Market orders, but fear of slippage + spread adds to a non-favorable move, esp with a weak report such as this.
THankx for reading AND insights are welcome.
- J
First day; Sept 25 06
Lost 240 total out of 1500 account. I should have been up for all my trades, but slippage/delayed reaction caused this to happen. I traded the NDZ trade balance and US home sales (was up on this one). I lost 200 in 2 seconds, i had my TTO at a specific spot and should have been a 2-5 pip loss, rather it was a 20 pip loss. I called and they will see what they can do. Which the C. service dude said TTO is a market order which was that a market order. Go figure, stop loss+ TTO signals my automaded trades as market orders eventhough i told the system that i wanted to get out at a specific spot. They even said that Forex is a unregulated market, which they are hinting that i am screwed. Overall, not a good sign to trade with MBT with the current responces that they said. But i will see today if they call me with a better explaination. Hopefully i will get teh differnce (it was the sread that filled me, not the market, added to teh slippage, yeah... not good).
Today is a better day, i will trade the retrace (fade as others call it) on the US consumer confidence. Would love to trade the Market orders, but fear of slippage + spread adds to a non-favorable move, esp with a weak report such as this.
THankx for reading AND insights are welcome.
- J