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Cable Update (GBPUSD)

  • #110,621
  • Jan 9, 2009 3:44pm Jan 9, 2009 3:44pm
Quoting alcando
Damn! Those are good spreads! IG's are fixed at 3 on cable and 2 on EurUSD but 8 on JPY trades. It's also a spread betting system and not a brokerage so longer term overnight spreads they re-charge the spread at 8pm UK which sucks. Their charts are simple line charts so I chart using Metatrader on Demo IBFX. I'll check out Cantor. Have you tried CMC?
You should not consider to use CMC, I once trade with them, the deal closing take too long time, 15 secs to 30 secs and lose was flying high on my trade
Many happy pips returned ...
  • #110,622
  • Jan 9, 2009 3:53pm Jan 9, 2009 3:53pm
Quoting alcando
Yes, I tried the demo from ODL but I stopped using it as the pricing was very often out of sync with IG and IBFX. It then tended to jump to the correct price intermittently. Very annoying. They told me the full access server would not do that but I don't trust it. Glad to hear a good report tho.
I am using metatrader 4 demos from CrownFX and ODL to compare, the data on CrownFX seem more reliable than ODL. Sometimes I do notice that the price on IGindex was over or under a few pips compare to the data from the 2 demos. I am still looking for a better broker which using more correct data, I think IG is manupulating manually.
Many happy pips returned ...
  • #110,623
  • Jan 9, 2009 3:54pm Jan 9, 2009 3:54pm
Quoting m0N5Ta

I read the review of this broker, someone saying that they do manual manipulating to get you out of the trades and make you lost sometimes.
That part is probably bullshit, purely sour grapes from a trader who wants to blame someone else for his/her losses.

Good weekend all!
  • #110,624
  • Jan 9, 2009 3:59pm Jan 9, 2009 3:59pm
Quoting m0N5Ta
I am using metatrader 4 demos from CrownFX and ODL to compare, the data on CrownFX seem more reliable than ODL. Sometimes I do notice that the price on IGindex was over or under a few pips compare to the data from the 2 demos. I am still looking for a better broker which using more correct data, I think IG is manupulating manually.
Try looking for a true ecn broker. I think you'll find what your looking for there.
Just digging in the trenches like everyone else!
  • #110,625
  • Jan 9, 2009 4:03pm Jan 9, 2009 4:03pm
Quoting yanguang
Good morning/evening all.
I'm newbie forexer.

My real account is running today,even though my sum just have 289$.
My target is 50 pips every day.

I'm confident. And I like challenges.

Cool welcome to forex I am also a newbie and still learning.
Many happy pips returned ...
  • #110,626
  • Jan 9, 2009 4:05pm Jan 9, 2009 4:05pm
My primary broker just closed, price of 1.5166
Just digging in the trenches like everyone else!
  • #110,627
  • Edited 4:19pm Jan 9, 2009 4:09pm | Edited 4:19pm
Quoting m0N5Ta
I am using metatrader 4 demos from CrownFX and ODL to compare, the data on CrownFX seem more reliable than ODL. Sometimes I do notice that the price on IGindex was over or under a few pips compare to the data from the 2 demos. I am still looking for a better broker which using more correct data, I think IG is manupulating manually.
They're not manipulating manually, my friend. IG are a market leader in the UK and the risk to their reputation through falsifying prices would be too great.

And if they are, open different accounts with two other brokers, find out when they do manipulate the price, and simply arbitrage them, through taking a position with them on their fudged price and then an equal and opposite position with one of your other brokers.
  • #110,628
  • Jan 9, 2009 4:24pm Jan 9, 2009 4:24pm
Quoting Vourvoul
I've had it with Alpari guys... (I only use their MT4) not as my brok.ers.

Again no feed!

Could someone recommend me a few charting software that are user friendly and reliable? I have noticed that on MT4 TLs tend to change place on different TFs... what is a good charting software to use? (no need to be free)

Or for MT4 another broker other than Alpari (but like Alpari whose demo does not expire) to get MT4?

Thanks
Hi,

You can try CrownForex, and ODL. I think crown is a better one
Many happy pips returned ...
  • #110,629
  • Jan 9, 2009 4:26pm Jan 9, 2009 4:26pm
Quoting GuateForex
GBPUSD
1. Sell at 1.5195 | Tp: +30pips
2. Sell at 1.5195 | Tp: +40pips
3. Sell at 1.5195 | Tp: +50pips

Total: +120 Pips

Done for today...

I like your trading style I left an order to short from 1.5345 SL: 40 and TP 200, it was perfect today too.
Many happy pips returned ...
  • #110,630
  • Jan 9, 2009 4:41pm Jan 9, 2009 4:41pm
Quoting eohater
Sorry, I stepped away. No I don't think it's going to the 1h 62. I followed the PA candles on the 15m chart. ...
What is a PA candle? mind to explain? I like the way you analysis charts.

Never mind PA = price action

Cheers,
Many happy pips returned ...
  • #110,631
  • Jan 9, 2009 5:20pm Jan 9, 2009 5:20pm
Quoting eohater
Try looking for a true ecn broker. I think you'll find what your looking for there.
Thanks, I will try ACM demo next.
Many happy pips returned ...
  • #110,632
  • Jan 9, 2009 5:23pm Jan 9, 2009 5:23pm
Quoting gammase1
They're not manipulating manually, my friend. IG are a market leader in the UK and the risk to their reputation through falsifying prices would be too great.

....
Which broker are you with? I used IG because the way they payout made so simple.
Many happy pips returned ...
  • #110,633
  • Jan 9, 2009 5:39pm Jan 9, 2009 5:39pm
Quoting m0N5Ta
Which broker are you with? I used IG because the way they payout made so simple.
Cantor Index.

1 pip spread - eurusd, 2 pip - gbpusd, 1 pip - eurgbp,

Fast execution. Orders filled nearly always without slippage, aside from occasionally on major news event, which is to be expected and is part and parcel of the market we trade.

Simple and hassle-free process to withdraw money.

Visually, the platform looks a little outdated compared to others on the market.

Beautiful tax-free gains

Useless charts - I don't view this as an issue, as I use charts from demo accounts held elsewhere.

Fairly limited range of pairs

Excellent coverage for UK and US equities, with consistently very tight spreads. Competitive spreads on commodities and equity index futures, too.

Two disputes in as many years over dubious stops:

One quickly resolved in my favour, after I asked for a print of a trade dealt at that price either from Reuters D2 or EBS as proof they did not act in an commercially unreasonable manner. They relented, only after accepting no responsibility for any wrong-doing, in order to "preserve a relationship".

While the other dispute was being investigated, spot smashed through my stop level, rendering the outcome irrelevant.

Customer services generally helpful and prompt.

Streaming Dow Jones newsfeed.

Some problems with their server in recent months, although these seemed to have been resolved, meaning reliability of connection is no longer an issue, in my opinion.

Perhaps give them a go.

A lot of stories you read on internet about brokers stop-hunting and the like, will have more to do with traders who are pissed about losing. When I lose, it is normally down to either stupidity on my part or the gods of the market moving against me. I have probably placed over a thousand trades with Cantor and have only had major problems on two of those, and perhaps very minor gripes on another dozen. This, in my opinion, is as good as it gets....
  • #110,634
  • Jan 9, 2009 7:36pm Jan 9, 2009 7:36pm
see you on monday . . .
i'm sure she will fall down
  • #110,635
  • Jan 9, 2009 11:08pm Jan 9, 2009 11:08pm
my long target from 1.5150 was hit at1.5350 yesterday and my bullish target was rejected once again.so i went short during the retracement at 1.5270 and tp 1.5010.in my view gu will form desending tringle on daily chart instead of h&s pattern so for short term 1.4500 will be back in play.however further upside to test 1.5300 area cannot be ruled out.i will place short pending order at 1.5300 area with tight sl.and add short for further upside.i only change my view if the price can break 1.5380 successfully.
  • #110,636
  • Jan 9, 2009 11:20pm Jan 9, 2009 11:20pm
Quoting Infinity
I don't see it happening today either but I really think if we close above the weekly 10sma the downtrend is over for now......

I would like to see a run down to the h4 50ema for a nice buy early next week... but we'll see how it plays...
It is sure looking like a nice setup..........:nerd:

HOLLA
  • #110,637
  • Jan 10, 2009 9:11am Jan 10, 2009 9:11am
Quoting Infinity
Great job bro!!! Looking forward to the new battle next week.. Until then.... it's party time!!!!

We did close above the weekly 10sma so we could see some bullish action next week... although I think we will be heading down a bit first based on the daily and h4.. Either way, I will go with whatever the market is doing...

Anyway.. Great work this week bro and I wish for you and everyone here a wonderful weekend!!!

Glad to see another Jamaican in the place. I tried to PM you but I can't. drop me an e-mail when u get a chance to let me know where u are, etc...

[email protected]
  • #110,638
  • Jan 10, 2009 12:29pm Jan 10, 2009 12:29pm
Current price: 1.52339 from xe.com
Just digging in the trenches like everyone else!
  • #110,639
  • Jan 10, 2009 1:17pm Jan 10, 2009 1:17pm
I have been on this site learning and watching you guys. I have learned alot. One thing i'm trying to learn is the ma's you guys are using. When you say 1 hr or 15m 62 is that refering to the time frame back for example 1hr 62 ma is that a moving average 62 back. Then how do you use that to know what point it is going to make to know when to enter or exit a trade. I have been going back to all the posting you guys have been talking about in the previous days to the chart someone posted them and the colors on it the other night. I want to know what you guys know because once I get a hold of that I'm straight from there. But you and other have been a blessing to this board with your knowledge and willing to share. That is rare in this type of environment when most of the time people don't want to share. But is there any information or website that I could go to to learn more on how to apply them to my charts and how to analyze using the MAs Thanks in advance.
  • #110,640
  • Jan 10, 2009 1:46pm Jan 10, 2009 1:46pm
Quoting newbe
I have been on this site learning and watching you guys. I have learned alot. One thing i'm trying to learn is the ma's you guys are using. When you say 1 hr or 15m 62 is that refering to the time frame back for example 1hr 62 ma is that a moving average 62 back. Then how do you use that to know what point it is going to make to know when to enter or exit a trade. I have been going back to all the posting you guys have been talking about in the previous days to the chart someone posted them and the colors on it the other night. I want to know what...
For now my friend, check out my thread, it's in my signature. Also, go to babypips.com for some great learning. Right now, I'm short on time, but I will further address your questions later tonight.
Just digging in the trenches like everyone else!
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