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

  • #119,961
  • Oct 7, 2008 9:20pm Oct 7, 2008 9:20pm
WTF!!

What is your spread on G/A? I just bought and the spread was 22.

B
  • #119,962
  • Oct 7, 2008 9:25pm Oct 7, 2008 9:25pm
So far I have had no problems with FXDD for about 6 mnths now. Good fixed spreads and I have never seen G/J more than 8 pip spread.
The Only Constant Is Change!
  • #119,963
  • Oct 7, 2008 9:30pm Oct 7, 2008 9:30pm
Quoting kandarv
I think that OANDA is pretty fair about spreads, you should check other brokers.

Why is it so high? you have to remember this is a cross pair, so you have to pay the GBP/USD spread plus the USD/JPY spread.

The spread increases with high volatility, right now is GBP/USD 8.0 and USD/JPY 4 so the GBP/JPY is 12.0
In fact, I admit that oanda spread is quite high. Seldom for you to get the lowest pips spread such as EU 0.9. I really seldom have a chance on it.

But if comparing to broker using mt4. I prefer to go back oanda, whereby during a trendy moment, my mt4 broker keep on telling me requote requote requote, and that requote causing me let go alot of nice pips. But It offer me with fixed spread.

In oanda, no such word as requote, you click buy or sell, for sure you'll get it. Although I paying a higher spread, but at least I can get a better entry price.

Both have pros and cons, so who wins? Depend on how you look at it.
  • #119,964
  • Oct 7, 2008 9:30pm Oct 7, 2008 9:30pm
Quoting Obaidah
as auslanco said, fundamentals and news are farts without a smell!
news is everything....it just sometimes news is baked in.
  • #119,965
  • Oct 7, 2008 9:32pm Oct 7, 2008 9:32pm
Quoting harora
Guys, I am fed up of paying oanda 12pip spread on gbp/jpy during these days and eur/jpy awful 7 pips.

Are you guys also facing same experience from other brokers. Do the experienced traders here advice some broker who is fair and honest.

Its not about any marketing on this forum but just a decent help to a novice traders like me.
I've been trading for less than a year, so won't give any direct advice regarding finding a good broker, but I can give you a good site to find feedback on many of the the brokers that are out there:

www.forexpeacearmy.com

It's a site where individuals rank their brokers and leave feedback about their experiences.

Good luck!
Just when you think you've figured it all out, the picture changes....
  • #119,966
  • Oct 7, 2008 9:35pm Oct 7, 2008 9:35pm
Quoting PJkiller
so put this in english we are heading up big time!!!
i won't say big time as yet, because daily and weekly charts are still down,

but i will do say that just be careful.
  • #119,967
  • Oct 7, 2008 9:40pm Oct 7, 2008 9:40pm
Quoting RobUSAFLA
I've been trading for less than a year, so won't give any direct advice regarding finding a good broker, but I can give you a good site to find feedback on many of the the brokers that are out there:

www.forexpeacearmy.com

It's a site where individuals rank their brokers and leave feedback about their experiences.

Good luck!
i moved all my managed accounts to odlsecurities, http://www.odlmarkets.com/ because of the extremely tight spreads,

i did try 2 ecn brokers, but the spreads there on GJ were always too high for me, sometimes 1 pip and sometimes as much as 25 pips, so gave up oin the ecn's

odl suits me fine, fixed spreads work better, specially if they are lowest in the market.
  • #119,968
  • Oct 7, 2008 9:59pm Oct 7, 2008 9:59pm
Quoting bigcoupe
WTF!!

What is your spread on G/A? I just bought and the spread was 22.

B

ouch bought .. you cannot be on the wrong side of that beast
Blogging daily now at www.volume.zone
  • #119,969
  • Oct 7, 2008 10:03pm Oct 7, 2008 10:03pm
Quoting malcolmb14
ouch bought .. you cannot be on the wrong side of that beast
I hear ya.

Trying to play the ascending triangle. I closed and decided to only play a breakout.

B
  • #119,970
  • Oct 7, 2008 10:07pm Oct 7, 2008 10:07pm
Quoting forexlion
i moved all my managed accounts to odlsecurities, http://www.odlmarkets.com/ because of the extremely tight spreads,

i did try 2 ecn brokers, but the spreads there on GJ were always too high for me, sometimes 1 pip and sometimes as much as 25 pips, so gave up oin the ecn's

odl suits me fine, fixed spreads work better, specially if they are lowest in the market.
thanks for your reply guys... i read odl is second tier broker for ecn like hotspotfx and currenex. so far i like 6 pip fix on guppy.

But again as specified in other posts how good are they in filling at quote price during news, stop hunting and most important if they are regulated. Are they good enough to trust in this matter.

my trades are mostly in mini lots sometimes micro with tp of anywhere b/w 5-100 pips.

Oanda has no other problem so far regarding requote even during those rollercoasters, though i did get some stophunting on spikes (i believe) so now i am avoiding putting hard stops. its only their bad swaps in thin market these days like others broker.
  • #119,971
  • Oct 7, 2008 10:07pm Oct 7, 2008 10:07pm
Quoting bigcoupe
I hear ya.

Trying to play the ascending triangle. I closed and decided to only play a breakout.

B

getting some bearish div 5 min rsi and macd ....broke the lower trend line ... I did the long trade earlier for 95 pip but then called it a night

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Blogging daily now at www.volume.zone
  • #119,972
  • Oct 7, 2008 10:17pm Oct 7, 2008 10:17pm
Nikkei 225: 9,695.12 -460.78
Do not follow my trades. Trade what you see on your own charts.
  • #119,973
  • Oct 7, 2008 10:21pm Oct 7, 2008 10:21pm
my tail says we touch 177.99 then drop dead.
  • #119,974
  • Oct 7, 2008 10:52pm Oct 7, 2008 10:52pm
Quoting forexlion
Mystery-Ratio formed a daily reversal at 174.02

with this reversal in place we have closer to 500 pip gaps between the fib levels, and knowing from experience that these levels are always achieved, i am excited to see the big moves

I use 3 indicators

  1. the mystery which accurately picks up the reversal patterns
  2. the bullshit which accurately picks up the trend strength and
  3. the holyshit which picks up the strength of the currencies individually.

togather they give me the best of the price action.

Forexlion,

Please do not bother posting as no understands what you are on about and so your post does not get read.
  • #119,975
  • Oct 7, 2008 11:00pm Oct 7, 2008 11:00pm
Quoting janela
Forexlion,

Please do not bother posting as no understands what you are on about and so your post does not get read.
I read all Forexlion posts and I have seen the bullshit indicator work.
  • #119,976
  • Oct 7, 2008 11:05pm Oct 7, 2008 11:05pm
Quoting kandarv
I read all Forexlion posts and I have seen the bullshit indicator work.
I think the main quandry is that we have no idea how those indicators are constructed let alone understand how reliable they are under different circumstances. The fact that FXlion has used such names doesn't help matters either.
  • #119,977
  • Oct 7, 2008 11:06pm Oct 7, 2008 11:06pm
sold 55 retest of broken bear flag hope it holds latley just been insane and stupid what this thing has done...
Price does what price wants , I just need to be prepared.
  • #119,978
  • Oct 7, 2008 11:08pm Oct 7, 2008 11:08pm
Quoting PJkiller
sold 55 retest of broken bear flag hope it holds latley just been insane and stupid what this thing has done...

see the strategy but rsi says maybe test a little higher yet 177.2 / 178
Blogging daily now at www.volume.zone
  • #119,979
  • Oct 7, 2008 11:13pm Oct 7, 2008 11:13pm
Quoting janela
Forexlion,

Please do not bother posting as no understands what you are on about and so your post does not get read.
So, have you seen of one of Orion's Way better posts?
FUBAR...
  • #119,980
  • Oct 7, 2008 11:22pm Oct 7, 2008 11:22pm
Quoting kandarv
I read all Forexlion posts and I have seen the bullshit indicator work.
Whats so mysterious about moving averages? What are you selling?
{Some Profound Statement goes here}
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