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Challenge - Oanda contest

  • #101
  • Feb 8, 2007 3:38pm Feb 8, 2007 3:38pm
Quoting StockKJay
Do you have a whitelabel account to access currenex or do you actually have an institutional platform with them direct?
Currenex Inc. is an application service provider. It is impossible for anyone to open a trading account directly with them. So yes I have a whitelabel account, but there really isn't an alternative. If your asking am I using FXCM Pro (which is NOT a legitimate prime broker), the answer is no.

I need to write up a detailed explination of the structure of currenex. Maybe later today...
  • #102
  • Feb 8, 2007 6:05pm Feb 8, 2007 6:05pm
Quoting StockKJay
You dont happen to use fast feeds from brokers like GFT and then scalp slower brokers for 1 or 2 pips do you? I never did try that, though with that many trades made I cant think of anything else you would be doing . As far as the distraction, it is true. The day the contest started I put about 12 GTC orders in, I have made just 2 trades live, 1 was a winner and 1 a loser.
I find it offensive that you're suggesting I made money in the contest by cheating. I did what I did in the contest by being a decent short term trader working on getting better. The only data I look at when I trade is Oanda's because that's my broker. Sometimes I look at Netdania too but it's for their fib retracement setup on the daily. But I want to reiterate, I definitely don't lag trade.

I also don't take kindly to your suggestion because lag trading can get your account banned. I don't think you meant to be offensive though.
How you act is more important than how you feel.
  • #103
  • Feb 8, 2007 7:09pm Feb 8, 2007 7:09pm
Quoting Warmagus
I find it offensive that you're suggesting I made money in the contest by cheating.
Not suggesting at all, if that is your interpretation I am sorry. The word "cheating" didnt even enter my mind. I am just aware that some people do trade as I mentioned. I know a guy that claims to have used CMS and GFT to get quick feeds and scalped two FXCM accounts each for 10-15k profit before withdrawing the money and closing because they were harassing him.

You just have to understand the fascination. 500+ trades in such a short time can only occur in a couple ways. I suppose I should have assumed you were using a very small time frames or a grid system to rack them up.

The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #104
  • Feb 9, 2007 7:49pm Feb 9, 2007 7:49pm
stockkjay,i guess its safe to say the trend is your friend,u rode it out all week,nice trade (wonder if u and dof took the same trade) he was in one for a while to.
  • #105
  • Feb 9, 2007 7:53pm Feb 9, 2007 7:53pm
Quoting Don4
stockkjay,i guess its safe to say the trend is your friend,u rode it out all week,nice trade (wonder if u and dof took the same trade) he was in one for a while to.
I think he traded gbp usd short, i didn't

Am I right?
Try hard, think fast, die young
  • #106
  • Feb 9, 2007 7:55pm Feb 9, 2007 7:55pm
Don did you mean to say the trend isn't your friend? The only pair I noticed follow its trend this week was EUR/JPY. I'm positioned for a move, but it hasn't happened yet. Just curious what you meant by that post.
  • #107
  • Feb 9, 2007 7:55pm Feb 9, 2007 7:55pm
Quoting Don4
stockkjay,i guess its safe to say the trend is your friend,u rode it out all week,nice trade (wonder if u and dof took the same trade) he was in one for a while to.
Haha, demos are so unrealistic though. I made about 15% in my demo account this week. My real account I made 1%. Of course, I didnt put 1/3 of my entire account on 1 trade without a SL. We'll see what happens over the rest of the month. That no SL thing will catch up with me before this is over ... then I will do this:
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #108
  • Feb 9, 2007 7:58pm Feb 9, 2007 7:58pm
Quoting dof
I think he traded gbp usd short, i didn't

Am I right?
No. I traded aud/jpy. I set a couple limits on Monday that filled.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #109
  • Feb 9, 2007 8:07pm Feb 9, 2007 8:07pm
Quoting bodge
Don did you mean to say the trend isn't your friend? The only pair I noticed follow its trend this week was EUR/JPY. I'm positioned for a move, but it hasn't happened yet. Just curious what you meant by that post.
well i just noticed that he had been in 1 trade all week just figured he cought a nice trend somewhere,since i only trade 3 different pairs i dont pay much attention to the rest (but i prob should)
  • #110
  • Feb 9, 2007 8:13pm Feb 9, 2007 8:13pm
so dof did artaman let u in on his secret, (just kidding)
  • #111
  • Feb 9, 2007 8:48pm Feb 9, 2007 8:48pm
Quoting Don4
well i just noticed that he had been in 1 trade all week just figured he cought a nice trend somewhere,since i only trade 3 different pairs i dont pay much attention to the rest (but i prob should)
Oh yeh I was talking about the longer term trend. Im sure people made good money this week.
  • #112
  • Feb 10, 2007 7:28am Feb 10, 2007 7:28am
Quoting StockKJay
No. I traded aud/jpy. I set a couple limits on Monday that filled.
I traded aud jpy also based on daily hidden divergence and some other stuff
Try hard, think fast, die young
  • #113
  • Feb 10, 2007 7:31am Feb 10, 2007 7:31am
Quoting StockKJay
Haha, demos are so unrealistic though. I made about 15% in my demo account this week. My real account I made 1%. Of course, I didnt put 1/3 of my entire account on 1 trade without a SL. We'll see what happens over the rest of the month. That no SL thing will catch up with me before this is over ... then I will do this:
Well it's all up to you, i manage my risk even on these demo trades otherwise i wouldn't trade the demo, what would be the idea? Just for fun?
Try hard, think fast, die young
  • #114
  • Edited 2:41pm Feb 10, 2007 2:21pm | Edited 2:41pm
Quoting dof
Well it's all up to you, i manage my risk even on these demo trades otherwise i wouldn't trade the demo, what would be the idea? Just for fun?
It is just for fun, for myself anyway. That and I use demos for testing strategies that my crazy mind throws together or ones I find on forums such as FF. I would venture to say most dont trade demo accounts the way they do a real account. I have blown out about 5 demo accounts to date, simply because I like trading big $ amounts. I suppose you are right though, it does not make much sense to not use the experience as a positive one. Congrats on the success on your trades, 20% in 2 weeks is far superior to most. I must admit though, I do not yet have the stomach to put a lot of money into the market (more than 5%). If I can make good decsions for another 4-6 months I may start committing more. I am young, small and consistant growth and good decisions are what I need right now.

Good trading Dof and best of luck the rest of the way!
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #115
  • Feb 10, 2007 5:15pm Feb 10, 2007 5:15pm
Quoting StockKJay

Good trading Dof and best of luck the rest of the way!
Thank you.
Same to you!
Try hard, think fast, die young
  • #116
  • Feb 14, 2007 4:10am Feb 14, 2007 4:10am
Are the demo's acting weird for anyone else? I noticed before a bunch of my trades closed auto and they didn't even have a TP or SL. Just now I tried to open a 30,000 unit trade and it opened 20,000 units lol. Slightly annoying.
  • #117
  • Feb 14, 2007 6:29am Feb 14, 2007 6:29am
seems to be working fine for me
  • #118
  • Feb 14, 2007 8:20am Feb 14, 2007 8:20am
working fine for me too.
  • #119
  • Feb 21, 2007 9:46am Feb 21, 2007 9:46am
I am done with the challenge. I closed out my positions today and really will only have a day or so left that I can watch the market before the end of the contest.

Thanks Dof for starting it and congrats to Aicccia who looks to cruise over the line easily with the #1 spot.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #120
  • Feb 21, 2007 11:12am Feb 21, 2007 11:12am
Quoting StockKJay
I am done with the challenge. I closed out my positions today and really will only have a day or so left that I can watch the market before the end of the contest.

Thanks Dof for starting it and congrats to Aicccia who looks to cruise over the line easily with the #1 spot.
Stockjay you did very well yourself so a congratulations to you too. Aicccia will definetly not be over taken with such a large lead so the #1 spot is locked up.Congratulations to Aiccia. Thanks dof for the contest I am looking forward to entering future contests whoever may start them. We have about 8 days left so the rest of us can fight for the place/show not the win spot. Anybody care to predict the trifecta?
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