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  • #661
  • Aug 27, 2007 3:24am Aug 27, 2007 3:24am
ooo la la, such sexy spreads have never graced my multi-faceted eyes
"Please sir, may I have some more pips?"
  • #662
  • Aug 27, 2007 3:31am Aug 27, 2007 3:31am
Quoting hanz

Look

It Is Live Data (real account)
Holy cow, 2 pip spread on GY ?
  • #663
  • Aug 27, 2007 3:44am Aug 27, 2007 3:44am
Quoting melpheos
Holy cow, 2 pip spread on GY ?
Yeah, PLUS commission
  • #664
  • Aug 27, 2007 3:56am Aug 27, 2007 3:56am
Just question about Oanda platform. How can I set up more candles on my charts? I want to look deeply to history.
Thank you.
  • #665
  • Aug 27, 2007 4:56am Aug 27, 2007 4:56am
Quoting MarkGavalda
Yeah, PLUS commission
Yep problem with commission is that it's taken on open AND close of a trade...
  • #666
  • Aug 27, 2007 5:48am Aug 27, 2007 5:48am
+ 2,6pips. Not so bad for the beginning I think.
Attached Image (click to enlarge)
Click to Enlarge Name: USD_JPY.JPG Size: 133 KB
  • #667
  • Aug 27, 2007 6:15am Aug 27, 2007 6:15am
Linuxtroll any luck in today's session? EUR/JPY seems to be in a very tight range up n down, perhaps not a good day for scalping due to British bank holiday?
  • #668
  • Aug 27, 2007 6:24am Aug 27, 2007 6:24am
Quoting kermut
Will always be the case. Oanda price skews against the direction of the move. Esp if you are in the trade. I have seen this, has happened to me, I have mbt account(live, but do not use atm) and oanda account. I have seen several times price shoot down 2-4 pips, and oanda price holding, when I am in a trade. It is like they are waiting for it to retrace, and it is even more pronounced if you are near your tp order. If it does not retrace, then the price will jump 2-4 pips and go thru your tp. Also with oanda, their tp order triggering seem to be such that price has to go thru your price for it to be triggered. I have been caught out on this several several times, until i realised what was happening.

Mbt/efx price servers/hubs seem to be extermely fast at updating prices, so you will always see faster movement there than at oanda.

Cheers,
K.
This is kind of interesting as this could very well be used as an advantage as well...i don't know about you, but the word "arbitrage" pops op in my mind.

I'm curious though if you have tried to compare two different Oanda accounts - one with an open trade and one without - to see if you actually get different price feeds depending on your open trade?
  • #669
  • Aug 27, 2007 6:35am Aug 27, 2007 6:35am
Quoting bobblong
Linuxtroll any luck in today's session? EUR/JPY seems to be in a very tight range up n down, perhaps not a good day for scalping due to British bank holiday?
Go out and golf...
  • #670
  • Aug 27, 2007 6:42am Aug 27, 2007 6:42am
Quoting BlackMage
This is kind of interesting as this could very well be used as an advantage as well...i don't know about you, but the word "arbitrage" pops op in my mind.

I'm curious though if you have tried to compare two different Oanda accounts - one with an open trade and one without - to see if you actually get different price feeds depending on your open trade?
Open one trade in buy; one trade in sell and one without any open trade and watch the fun... Ha det bra og lykke til...
  • #671
  • Aug 27, 2007 7:44am Aug 27, 2007 7:44am
I've been using 10-250 EMA (steps of 10) on 1min chart ...

Now I've switched to 6-144 LWMA (steps of 6) on 1min chart (using IBFX, so 1min is smallest I can scalp).

Is the new setting the most optimal for 1min chart??? If not, what is most optimal for 1min since that's as fast as I can get it??

Thanks for any input and LT for all the efforts!
  • #672
  • Aug 27, 2007 9:03am Aug 27, 2007 9:03am
Begin to buy when price start to retrace.bank in 17pips in just 3 mins.thanks LT
Attached Image (click to enlarge)
Click to Enlarge Name: Buy.jpg Size: 197 KB
  • #673
  • Aug 27, 2007 9:15am Aug 27, 2007 9:15am
Maybe you will think that I am stupid and crazy, but I think this should be a learning process experience.

For me today craziest day with Rainbow trading. In the morning after second trade up 1,7% then huge chop (not enough discipline NOT to trade) get a lot of bad trades -24%!!!!(very slowly brain and eye reaction) now I am back and close the day +0,7% of my live account. I am stupid to take so high risk and loose in one day more than 20% of my account, but with so great system I can get my money back very quickly - I build from trade to trade more discipline and have bigger hit rate(still very low) . EFX will love me...

Just for demonstration that this is not about this GREAT system which always work, but about discipline. Just forget past and focus on future trades. Mantra is the key.
I love trading.
Have a great trades
  • #674
  • Aug 27, 2007 9:25am Aug 27, 2007 9:25am
Hi Bruno!
What does the spine look like when you take your trades?
Also: Do you really live in Seychelles? Maybe it's too beautiful
there and distracts you from trading. LOL
You may be trading when nothing is really happening in the
markets (i.e. forcing trades).
Just a NB trying to help!
  • #675
  • Aug 27, 2007 9:42am Aug 27, 2007 9:42am
Quoting FXSurfer
Hi Bruno!
What does the spine look like when you take your trades?
Also: Do you really live in Seychelles? Maybe it's too beautiful
there and distracts you from trading. LOL
You may be trading when nothing is really happening in the
markets (i.e. forcing trades).
Just a NB trying to help!
Hi FXSurfer - I do NOT live unfotunatelly in S. yet - but sooner or later I want visit my office there...
Yes, it was crazy day for me with good end. Very good experience.
Charge on...
  • #676
  • Aug 27, 2007 10:15am Aug 27, 2007 10:15am
Does you ebook cover the rainbow and how to use in trades?

Is there a link?

Quoting linuxtroll
Do not over trade... My e-book will explain and give more guidance...
  • #677
  • Aug 27, 2007 10:16am Aug 27, 2007 10:16am
Quoting linuxtroll
Try CCI and Williams %R as filters to give high probability trade signals...
Thanks LT,
Default values of 14 periods good or do you suggest a change?
  • #678
  • Aug 27, 2007 10:26am Aug 27, 2007 10:26am
Quoting Bruno
Maybe you will think that I am stupid and crazy, but I think this should be a learning process experience.

For me today craziest day with Rainbow trading. In the morning after second trade up 1,7% then huge chop (not enough discipline NOT to trade) get a lot of bad trades -24%!!!!(very slowly brain and eye reaction) now I am back and close the day +0,7% of my live account. I am stupid to take so high risk and loose in one day more than 20% of my account, but with so great system I can get my money back very quickly - I build from trade to trade more discipline and have bigger hit rate(still very low) . EFX will love me...

Just for demonstration that this is not about this GREAT system which always work, but about discipline. Just forget past and focus on future trades. Mantra is the key.
I love trading.
Have a great trades
Your right, mantra is the Key, ....and NOT trading on a Bank Holiday.
  • #679
  • Aug 27, 2007 11:48am Aug 27, 2007 11:48am
Is mantra like a big trader thing, or just in this thread? I mean like an inside word, the way a fighter will say "drop bombs", or a video gamer will say "pwned" or a fish keeper will say "LFS" or a painter will say "NMM"?
Do FOREX traders say "mantra"?
The Gelugon must know!
"Please sir, may I have some more pips?"
  • #680
  • Aug 27, 2007 12:25pm Aug 27, 2007 12:25pm
Mantra is LT's great great grandmother, a dozen pages back you will find a moving story about her in which LT tells us why she is the key to his success. So when trading the rainbow, think about your grandmother.

j/k :

Mantra is a pdf file found in the attachments of this thread containing some important things to keep in mind when scalping. Click the paperclip button at the top of the thread near the page numbers, you'll find it there.
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