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Cable Update (GBPUSD)

  • #108,481
  • Dec 23, 2008 6:56pm Dec 23, 2008 6:56pm
[quote=therealist;2436633]You know I was considering taking a short if it holds the 4790 area again, but Oanda has a freaking 13 pip spread right now. That pisses me off! I really don't want to mess with that big of a spread. quote]


Why not get a CMS account? spreads are always the same
4 - gbp/usd
2 - eur/usd
  • #108,482
  • Dec 23, 2008 7:04pm Dec 23, 2008 7:04pm
Quoting Turtle
I see long....but I also see short........

I'm ready for her either way!!! :nerd:

HOLLA
In all honesty, i think we are moving sideways again with no clear trend. So any scalpers around? Its your territory about now.
"The trend is your friend, until the end."
  • #108,483
  • Dec 23, 2008 7:09pm Dec 23, 2008 7:09pm
[quote=golatigo;2436647]
Quoting therealist
You know I was considering taking a short if it holds the 4790 area again, but Oanda has a freaking 13 pip spread right now. That pisses me off! I really don't want to mess with that big of a spread. quote]


Why not get a CMS account? spreads are always the same
4 - gbp/usd
2 - eur/usd

I will, but my account is very small. I wanted to trade, so I chose Oanda because of the flexibility in transaction size. I'm trading like, nanolots or something. 100 units. It allows me to not over-leverage my small account size, but get real world practice instead of demo trading which definitely doesn't feel the same to me. When I am consistently profitable and my account gets large enough, I'll probably switch to Alpari or someone who uses MT4. I've fallen in love with Metatrader charts, especially compared to Oanda's.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #108,484
  • Dec 23, 2008 7:12pm Dec 23, 2008 7:12pm
[quote=therealist;2436660]
Quoting golatigo


I will, but my account is very small. I wanted to trade, so I chose Oanda because of the flexibility in transaction size. I'm trading like, nanolots or something. 100 units. It allows me to not over-leverage my small account size, but get real world practice instead of demo trading which definitely doesn't feel the same to me. When I am consistently profitable and my account gets large enough, I'll probably switch to Alpari or someone who uses MT4. I've fallen in love with Metatrader charts, especially compared to Oanda's....
I'm with Alpari UK. I think they are very good, the spreads are 3 pips for GBP/USD and 2 pips for EUR/USD. I got to agree the charts are soo much better on MetaTrader. I was with FXCM before - they were just awful!
"The trend is your friend, until the end."
  • #108,485
  • Dec 23, 2008 7:28pm Dec 23, 2008 7:28pm
[quote=ForexRookie;2436662]
Quoting therealist

I'm with Alpari UK. I think they are very good, the spreads are 3 pips for GBP/USD and 2 pips for EUR/USD. I got to agree the charts are soo much better on MetaTrader. I was with FXCM before - they were just awful!
I'm in the US, but Alpari US is definitely an option I am looking at. I usually monitor MT4 and my Oanda trading platform at the same time when I trade. I've noticed that in addition to the spread, Oanda's fills are often skewed in their favor as well, so if I short the price is usually filled a couple pips higher and if I go long they are filled lower. So right now with a 13 pip spread, I could easily be looking at being 18 pips down from the very second I step in. So I won't be trading unless the spread goes down. Also, I tried FXCM with the $25 free money promotion and blew that account. It wasn't intentional, but all I could trade was microlots, which I think is overleveraged for only $25. Just my opinion of course, but losing %10 of my account with only 25 pips just isn't a situation I want to be in.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #108,486
  • Dec 23, 2008 7:28pm Dec 23, 2008 7:28pm
Quoting cisco
That chart looks like it has the potential for 3 rails and a tail.
Made a liar out of me, didn't it?
Hi, my name is Barry and you can keep your doctor...
  • #108,487
  • Dec 23, 2008 7:33pm Dec 23, 2008 7:33pm
CMS also has demo accounts - cmsfx.com - i think

Not sure about the others, have only used cms vt
I like their charts also and like trading on the chart
The new VT 2 is very nice, though my friend has had
problems with it using VISTA - Me XP

I sure there are many good ones that i have not used
as long as they don't hose ya on the spreads

was just throwing it out there as an option
  • #108,488
  • Dec 23, 2008 7:42pm Dec 23, 2008 7:42pm
Quoting cisco
Made a liar out of me, didn't it?
I don't know, I am just getting occasional quotes, but it does sort of move sideways a lot during the Asian session. I wouldn't be surprised to see it head south a bit later, maybe 4 to 6 hours. The key is if it doesn't break the top line or touch it even, right. I mean if it doesn't break resistance then a good 100 pip move south is likely, and if it doesn't touch resistance then doesn't it still count as three rails and a tail, sort of?
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #108,489
  • Dec 23, 2008 7:45pm Dec 23, 2008 7:45pm
hmm, i don't know why people dont like oanda charts, I love them especially because you dont have stupid gaps and opening price of next candle is closing price of previous candle ( unlike mt4) which makes graph look neater ( to me anyways), the only reason i use mt4 is to test indicators from time to time but more importantly for the amount of historic prices.
with regards to order filling i only found it to be skewed one way or the other in very volatile markets with oanda and if you set limit order its only about 1% of times it gets skewed. max lot i tried on oanda is 200,000 units and i had instant execution with no slippage.
  • #108,490
  • Dec 23, 2008 8:00pm Dec 23, 2008 8:00pm
Quoting therealist
I don't know, I am just getting occasional quotes, but it does sort of move sideways a lot during the Asian session. I wouldn't be surprised to see it head south a bit later, maybe 4 to 6 hours. The key is if it doesn't break the top line or touch it even, right. I mean if it doesn't break resistance then a good 100 pip move south is likely, and if it doesn't touch resistance then doesn't it still count as three rails and a tail, sort of?
My last short from earlier has been closed out for the +25 SL I had set. Now, I'm looking at the 1h 50/62 area for my next short. If I wanted to scalp, I would be playing a short right now and start the ping pong for the next 3 1/2 hours. It's still family time for me, so instead I'm setting a pending order or two and going back to the family.

Trade well everyone!
EO
Just digging in the trenches like everyone else!
  • #108,491
  • Dec 23, 2008 9:41pm Dec 23, 2008 9:41pm
Quoting ForexRookie
In all honesty, i think we are moving sideways again with no clear trend. So any scalpers around? Its your territory about now.
I'm looking at the bigger picture!!!

HOLLA
  • #108,492
  • Dec 23, 2008 10:10pm Dec 23, 2008 10:10pm
Damned...my broker has increased the spread 3 time during this festive season.
It is 9 pips now
  • #108,493
  • Dec 23, 2008 10:22pm Dec 23, 2008 10:22pm
Quoting gagakrimba
Damned...my broker has increased the spread 3 time during this festive season.
It is 9 pips now
time to sleep sir, its suck when you trying to OP .
demo mode still normal =))

FXopen?
  • #108,494
  • Dec 23, 2008 11:32pm Dec 23, 2008 11:32pm
Quoting biax
time to sleep sir, its suck when you trying to OP .
demo mode still normal =))

FXopen?
Yeah....PO must be at least 30 pips from current price now
  • #108,495
  • Dec 24, 2008 12:43am Dec 24, 2008 12:43am
Quoting eohater
My last short from earlier has been closed out for the +25 SL I had set. Now, I'm looking at the 1h 50/62 area for my next short. If I wanted to scalp, I would be playing a short right now and start the ping pong for the next 3 1/2 hours. It's still family time for me, so instead I'm setting a pending order or two and going back to the family.

Trade well everyone!
EO

I'm short now at 1.48, 50 ema. I'll have to see what happens and keep a close eye on it, but 62ema and resistance pivot 1 is only 50 pips higher. I'm basically at BE after about a minute in the trade. As an FYI, for everyone who is trying to use EO's EMA strategy. Make sure you understand it, like I'm trying to learn. I only take trades based on my own belief of what will happen and I'm not that good yet. As an example, a few pages back, I barely broke even after being quite upside down on a trade when I went short basically against what several folks up here were doing. I'd rather be wrong and learn a lesson, than only be right because I did exactly what someone else said. So heed the advice only if you understand and agree.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #108,496
  • Dec 24, 2008 2:11am Dec 24, 2008 2:11am
[quote=therealist;2436676]
Quoting ForexRookie

I'm in the US, but Alpari US is definitely an option I am looking at. I usually monitor MT4 and my Oanda trading platform at the same time when I trade. I've noticed that in addition to the spread, Oanda's fills are often skewed in their favor as well, so if I short the price is usually filled a couple pips higher and if I go long they are filled lower. So right now with a 13 pip spread, I could easily be looking at being 18 pips down from the very second I step in. So I won't be trading unless the spread goes down....
hey

about getting screwed with fills above and below your order... you will see worse on MT4 brokers so dont get too excited with MT4 brokers, they all suck
When life gives you lemons, make lemonade
  • #108,497
  • Dec 24, 2008 2:17am Dec 24, 2008 2:17am
Merry Christmas and Happy New Year all
Attached Image
When life gives you lemons, make lemonade
  • #108,498
  • Dec 24, 2008 2:23am Dec 24, 2008 2:23am
[quote=micho;2437033]
Quoting therealist

hey

about getting screwed with fills above and below your order... you will see worse on MT4 brokers so dont get too excited with MT4 brokers, they all suck
Yeah I noticed even on demo requotes too. I can't imagine getting great fills with MT4, so even if I don't switch, I'll still chart in MT4. I like the platform and being a programmer, I could probably learn the language to do some cool things.

Well, that's it for me. My first short got stopped at BE. I re-entered at 4785ish and just closed for +20 so that I could assure that I got a profit this time. I've got to get some sleep, approaching midnight here. What a bad time zone I'm in. The only session I can catch all of is Asia, the slowest of them all. I have to lose sleep to catch London's beginning or get up super early to catch NY. Good trading everyone, not much profit for me, but still a good day. I'm starting to get the hang of this, finally. Now time for a few days holiday so that I don't get overconfident again and start screwing it up.
therealisttruest (FF wouldn't let me put my full ID because of length)
  • #108,499
  • Dec 24, 2008 3:50am Dec 24, 2008 3:50am
My view is bearish to 1.44... now in these days. How long will Trading be closed during this holiday period ?
Give me patience
  • #108,500
  • Dec 24, 2008 3:59am Dec 24, 2008 3:59am
Quoting Bullfx
My view is bearish to 1.44... now in these days. How long will Trading be closed during this holiday period ?
I hope more to 1.42XX,
and here are the holidays
Thursday 25/12/08
Friday 26/12/08
Saturday 27/12/08
Sunday 28/12/08
Thursday 1/01/09


Happy New year...
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