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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #3,201
  • Aug 2, 2007 2:08pm Aug 2, 2007 2:08pm
dailly stohastic has croossed, all points north,...so whos long?
its just money
  • #3,202
  • Aug 2, 2007 2:13pm Aug 2, 2007 2:13pm
Quoting Al_Have1
It wasn't intended to be a warning. What I would do if I was long from the 5 SMA. Is 1) put my SL below the trendline. 2) Maybe increase my position if it breaks out with a buy stop order.

If I was to do 1) I would make sure that didn't increase my risk more than 2%. I may need to sell some at the upper trendline to accomodate.

If I was to do 2) I would make sure that didn't increase my risk more than 2%. This can be accomplished by moving my SL on the first order to BE or another support level.
Very nice tip I learned tonight .. thanks for sharing
  • #3,203
  • Aug 2, 2007 2:15pm Aug 2, 2007 2:15pm
Quoting de123
dailly stohastic has croossed, all points north,...so whos long?
I had 2 long pos.
both @ 24276

I closed one @ 24300, the secnd one is down right now

I agree the most recent low was 24222, If price breaks 20, it will keep going.
My stop is 24210.

A 3:11 the DOW is up 50
  • #3,204
  • Aug 2, 2007 2:28pm Aug 2, 2007 2:28pm
Quoting Mysticdiver
I had 2 long pos.
both @ 24276

I closed one @ 24300, the secnd one is down right now

I agree the most recent low was 24222, If price breaks 20, it will keep going.
My stop is 24210.

A 3:11 the DOW is up 50
thanks for letting me know ur stop,...i apreciate, evrybody only tp,...tp might be eternity...have that in mind, there might be some folks holding shorts 243 at 266 +, and hoping it will go down,...in gardaland maybe...lol
its just money
  • #3,205
  • Aug 2, 2007 2:39pm Aug 2, 2007 2:39pm
Quoting PipBuLL007
I know this is a little off the subject but does anyone use a broker that has less than 8 spread on the gbp/jpy? please private me if you dont want to answer in this forum

GBPJPY 1 PIP!

I have a broker..... efxgroup.com (introducing broker with MBTrading Futures) that offers this.

They have variable spreads and fixed commission. Hence, they are a legitimate non-dealing desk broker. Why, they don't make their money by trading against you through manipulating or lagging the feed or intentionally delaying the execution.... they make a modest commission on each order and in the long run it pays big time. IMHO

Most of their pairs are 1-3 pips and even ZERO when they are begging for your order. lol

Just checking at this very moment (when things are not too volatile) on their EFX Navigator platform:


1-2 pips GBPJPY

1 pip USDJPY
1 pip AUDUSD
1 pip USDJPY
1 pips GBPUSD
1 pips EURUSD
1 pips USDCAD

If I wait on some of these others they may even pop to ZERO or move to 2

GBPJPY is typically ranges from 1 - 5 pips. Don't remember ever seeing it above 5. They carry a bunch of currencies even some I've never heard of. like the USDKLG

Again, variable pips.... I don't recall seeing any of these ever get above 5 even when it gets crazy. You'd have to check with the broker (website) for clarification to prove for yourself... with a demo account.

What's fun is to enter a trade and be EVEN at the start.

WHY THE GENEROSITY? It's in the commission.

I've played the game with fixed spreads and greedy brokers who stop hunt and lag executions, etc, etc, yada, yada, yada

Check it out.

It's the ONLY reason I am trading the GBPJPY in my noviceness. I've eliminated some of the pain from the moment of execution.

Still wondering how long I'll be.........

sleepinginadumpster

(aka Dr. D.)
  • #3,206
  • Aug 2, 2007 2:40pm Aug 2, 2007 2:40pm
Quoting de123
dailly stohastic has croossed, all points north,...so whos long?
can u post a chart please
  • #3,207
  • Aug 2, 2007 2:42pm Aug 2, 2007 2:42pm
Quoting fourxtrader
GBPJPY 1 PIP!

I have a broker..... efxgroup.com (introducing broker with MBTrading Futures) that offers this.

They have variable spreads and fixed commission. Hence, they are a legitimate non-dealing desk broker. Why, they don't make their money by trading against you through manipulating or lagging the feed or intentionally delaying the execution.... they make a modest commission on each order and in the long run it pays big time. IMHO

Most of their pairs are 1-3 pips and even ZERO when they are begging for your order. lol

Just checking at this very moment (when things are not too volatile) on their EFX Navigator platform:


1-2 pips GBPJPY

1 pip USDJPY
1 pip AUDUSD
1 pip USDJPY
1 pips GBPUSD
1 pips EURUSD
1 pips USDCAD

If I wait on some of these others they may even pop to ZERO or move to 2

GBPJPY is typically ranges from 1 - 5 pips. Don't remember ever seeing it above 5. They carry a bunch of currencies even some I've never heard of. like the USDKLG

Again, variable pips.... I don't recall seeing any of these ever get above 5 even when it gets crazy. You'd have to check with the broker (website) for clarification to prove for yourself... with a demo account.

What's fun is to enter a trade and be EVEN at the start.

WHY THE GENEROSITY? It's in the commission.

I've played the game with fixed spreads and greedy brokers who stop hunt and lag executions, etc, etc, yada, yada, yada

Check it out.

It's the ONLY reason I am trading the GBPJPY in my noviceness. I've eliminated some of the pain from the moment of execution.

Still wondering how long I'll be.........

sleepinginadumpster

(aka Dr. D.)
how much is the commission
  • #3,208
  • Aug 2, 2007 2:49pm Aug 2, 2007 2:49pm
Quoting fourxtrader
GBPJPY 1 PIP!

I have a broker..... efxgroup.com (introducing broker with MBTrading Futures) that offers this.

Check it out.

It's the ONLY reason I am trading the GBPJPY in my noviceness. I've eliminated some of the pain from the moment of execution.

Still wondering how long I'll be.........

sleepinginadumpster

(aka Dr. D.)
Dr D. I also consider myself a newbie. Id like to test them out by trading mini-lots. Do they offer these? Taking a cursory glance at their website I didn't find this info.

Thanks.
  • #3,209
  • Aug 2, 2007 2:51pm Aug 2, 2007 2:51pm
Quoting chonpz
how much is the commission
Check out their website: It says "commissions are based on total dollar amount traded: $5 per $100,000 traded.."
  • #3,210
  • Aug 2, 2007 2:51pm Aug 2, 2007 2:51pm
If the 1h bar can close above the 38.2 fib, longs will be very happy.
  • #3,211
  • Aug 2, 2007 2:52pm Aug 2, 2007 2:52pm
Quoting fourxtrader
GBPJPY 1 PIP!

I have a broker..... efxgroup.com (introducing broker with MBTrading Futures) that offers this.

They have variable spreads and fixed commission. Hence, they are a legitimate non-dealing desk broker. Why, they don't make their money by trading against you through manipulating or lagging the feed or intentionally delaying the execution.... they make a modest commission on each order and in the long run it pays big time. IMHO

Most of their pairs are 1-3 pips and even ZERO when they are begging for your order. lol

Just checking at this very moment (when things are not too volatile) on their EFX Navigator platform:


1-2 pips GBPJPY

1 pip USDJPY
1 pip AUDUSD
1 pip USDJPY
1 pips GBPUSD
1 pips EURUSD
1 pips USDCAD

If I wait on some of these others they may even pop to ZERO or move to 2

GBPJPY is typically ranges from 1 - 5 pips. Don't remember ever seeing it above 5. They carry a bunch of currencies even some I've never heard of. like the USDKLG

Again, variable pips.... I don't recall seeing any of these ever get above 5 even when it gets crazy. You'd have to check with the broker (website) for clarification to prove for yourself... with a demo account.

What's fun is to enter a trade and be EVEN at the start.

WHY THE GENEROSITY? It's in the commission.

I've played the game with fixed spreads and greedy brokers who stop hunt and lag executions, etc, etc, yada, yada, yada

Check it out.

It's the ONLY reason I am trading the GBPJPY in my noviceness. I've eliminated some of the pain from the moment of execution.

Still wondering how long I'll be.........

sleepinginadumpster

(aka Dr. D.)
Yeah, I'm with MB and they do have 1/2 pip buy and 1/2 sell USD Currencies and 1 Pip BUY and 1 pip sell for exotic currencies (e.g. GBY/JPY, CHY/JPY, EUR/CAD, etc.....) but here is the drawback, They give you little or nothing carry trade interest if you are long and if you are short, they debit your account the full amount.

Hope that helps out. Also, they execution is pretty quick but beware during fast market conditions, you may or may get your order executed.

Humble Lifetime Member
  • #3,212
  • Aug 2, 2007 3:00pm Aug 2, 2007 3:00pm
Quoting fourxtrader
GBPJPY 1 PIP!

I have a broker..... efxgroup.com (introducing broker with MBTrading Futures) that offers this.

They have variable spreads and fixed commission. Hence, they are a legitimate non-dealing desk broker. Why, they don't make their money by trading against you through manipulating or lagging the feed or intentionally delaying the execution.... they make a modest commission on each order and in the long run it pays big time. IMHO

Most of their pairs are 1-3 pips and even ZERO when they are begging for your order. lol

Just checking at this very moment (when things are not too volatile) on their EFX Navigator platform:


1-2 pips GBPJPY

1 pip USDJPY
1 pip AUDUSD
1 pip USDJPY
1 pips GBPUSD
1 pips EURUSD
1 pips USDCAD

If I wait on some of these others they may even pop to ZERO or move to 2

GBPJPY is typically ranges from 1 - 5 pips. Don't remember ever seeing it above 5. They carry a bunch of currencies even some I've never heard of. like the USDKLG

Again, variable pips.... I don't recall seeing any of these ever get above 5 even when it gets crazy. You'd have to check with the broker (website) for clarification to prove for yourself... with a demo account.

What's fun is to enter a trade and be EVEN at the start.

WHY THE GENEROSITY? It's in the commission.

I've played the game with fixed spreads and greedy brokers who stop hunt and lag executions, etc, etc, yada, yada, yada

Check it out.

It's the ONLY reason I am trading the GBPJPY in my noviceness. I've eliminated some of the pain from the moment of execution.

Still wondering how long I'll be.........

sleepinginadumpster

(aka Dr. D.)
What's minimum deposit ?
  • #3,213
  • Aug 2, 2007 3:02pm Aug 2, 2007 3:02pm
Quoting Mysticdiver
I had 2 long pos.
both @ 24276

I closed one @ 24300, the secnd one is down right now

I agree the most recent low was 24222, If price breaks 20, it will keep going.
My stop is 24210.

A 3:11 the DOW is up 50
I'am out @ 24286 on the second pos.
Any trade you don't lose money on is a good trade.
  • #3,214
  • Aug 2, 2007 3:02pm Aug 2, 2007 3:02pm
I closed my long, 4h doesn't show any strength towards 244 now, price might retrace to 241.80 based on 4h, i'll post a chart in a bit
Trade what you see, not what you think.
  • #3,215
  • Aug 2, 2007 3:03pm Aug 2, 2007 3:03pm
Quoting parsforex
What's minimum deposit ?
It's in their website too : $400.
  • #3,216
  • Aug 2, 2007 3:06pm Aug 2, 2007 3:06pm
Quoting chonpz
how much is the commission

EFXGroup Commission:

$5 per 100,000 traded (1 standard lot)
$0.50 per 1 mini lot traded
$0.05 per 1 mico lot traded

All accounts have variable lot capabilities in their platform so it can be configured at any default level down to 0.1 mini lot

I’ve seen some other brokers that limit it 0.25 (of a mini) and you have to open a separate account.

Since the commission is a percent you can execute to you hearts content with smaller increment lots and build up as your confidence grows giving you the live trading experience that can otherwise never come with a demo account.

As far as rollover / premium rates you have to make your own comparison.

between 4:58 and 5:06 p.m. EST (Monday through Thursday).

During the rollover period, interest is added to or subtracted from accounts with open positions based on the annual Buy or Sell Premium rates.

Daily Premium Formula
Volume * [ (Premium Rate / 100) / 365 ] Example
100,000 EUR/USD | Premium Rate of -1.83

100,000 * [( -1.83 / 100) / 365] = ($5.01)
or
100,000 * (-1.83% / 365) = ($5.01)


sleepinginadumpster

  • #3,217
  • Aug 2, 2007 3:13pm Aug 2, 2007 3:13pm
I have moved my stop on long from 242 to 242.60
  • #3,218
  • Aug 2, 2007 3:15pm Aug 2, 2007 3:15pm
Quoting chonpz
can u post a chart please
its still one big might, we also do wona go down to test the 200,...TRADE ON UR OWN RISK, ....OR JUST BUY ON DIPS,...
Attached Image (click to enlarge)
Click to Enlarge Name: MIGHT.jpg Size: 39 KB
its just money
  • #3,219
  • Aug 2, 2007 3:19pm Aug 2, 2007 3:19pm
what next for GJ in the market
  • #3,220
  • Aug 2, 2007 3:22pm Aug 2, 2007 3:22pm
Quoting kunlex1982
what next for GJ in the market
I don't know. Give it a try Tell me something
What are your charts telling you
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