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THV system, final edition

  • #8,321
  • Mar 18, 2009 5:13pm Mar 18, 2009 5:13pm
Quoting windelevel
DrMcDDC, cobraforex and macman thanks for the tips ...

Whenever I see the people speaking well of MBtrading, seems like a good broker ... On page "forexpeacearmy.com" also has great recommendations of the broker.

I visited their site and saw that has low spreads, but I have two questions:
1 - In the MB is allowed to Scalp?
2 - I do not understand how the law system of commission that the broker charges ... The low spreads worth it even with the system of commission?

Thank you staff
MBT was my first FX broker and I left because of the commissions and their system was not the most reliable. Scalping is allowed, but when you factor in the commissions, it's not worth it. there are several good brokers that don't charge a commission and the spreads are low - except around the news. I use FXCM and FXDD.
Without vision, the people will perish.
  • #8,322
  • Mar 18, 2009 5:20pm Mar 18, 2009 5:20pm
Hello All

anyone know of a forex broker that has a segregated account. To me that is more inportant then pip spreads

TJ
  • #8,323
  • Edited 5:40pm Mar 18, 2009 5:25pm | Edited 5:40pm
I have not been around for a few days...read some great posts...

I wanted to share a trix trendline break trade...[the MTF trix on my chart is still developmental so the second vertical line requires some explanantion which I am sure will be provided shortly...]

Anyhow...I had to post two charts of the 1 min becuase the trix trendline on the 1 min, at that size view went quite far back...which is my point! Sometimes trendlines show up in trix that are not found in PA and the longer and further they go back (sometimes more than 6 or 7 cycles), the more signifigant the break may be.

So at the break of the minor PA trendline and the trix trendline break, the trade produced 25+ pips...it bounced/paused at 1.3495, almost exactly at the top of the last high and at the support of the 5 min trendline...
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Deprive a man of everything and you give him nothing to lose.
  • #8,324
  • Mar 18, 2009 5:41pm Mar 18, 2009 5:41pm
Hi Beachbum,
I did not follow your explanation ref the post news trade. Could you please show on a chart?

Thanks.
  • #8,325
  • Mar 18, 2009 6:00pm Mar 18, 2009 6:00pm
...(author of Trading In The Zone) about trading psychology

http://www.viddler.com/explore/killbliss/videos/3/

Worth to see and learn!

PS
Sorry for OT
  • #8,326
  • Mar 18, 2009 6:41pm Mar 18, 2009 6:41pm
Quoting optionsnh
Hello All

anyone know of a forex broker that has a segregated account. To me that is more inportant then pip spreads

TJ
I'm on FxPro - segregated account.

There is another thread - take a look.
http://www.forexfactory.com/showthread.php?t=62913

Cheers
  • #8,327
  • Mar 18, 2009 8:54pm Mar 18, 2009 8:54pm
Quoting bythepound
MBT was my first FX broker and I left because of the commissions and their system was not the most reliable. Scalping is allowed, but when you factor in the commissions, it's not worth it. there are several good brokers that don't charge a commission and the spreads are low - except around the news. I use FXCM and FXDD.

It was even my doubts if it would be worth doing Scalping and pay the commissions ... Thanks for the tips

Have a great Thursday
I am Brazilian and I never give up!
  • #8,328
  • Mar 18, 2009 9:06pm Mar 18, 2009 9:06pm
Quoting bart021
I'm on FxPro - segregated account.

There is another thread - take a look.
http://www.forexfactory.com/showthread.php?t=62913

Cheers
Bart021

Thanks for the info I am looking for a new broker.

TJ
  • #8,329
  • Mar 18, 2009 9:19pm Mar 18, 2009 9:19pm
Quoting RobertFx
...(author of Trading In The Zone) about trading psychology

http://www.viddler.com/explore/killbliss/videos/3/

Worth to see and learn!

PS
Sorry for OT
Thanks for the link. I still want to get his book...
  • #8,330
  • Mar 18, 2009 9:45pm Mar 18, 2009 9:45pm
EJ: Trade on retrace of run up. Entered short at MR1 thinking it was going to break down thru it even though it had already run a good 70+ pips down from high......mistake! But, after a pullback (up) of about 25 pips to trendline, it turned down again resuming its' trek south. Had my eye on exit at FPV, but as it was still moving south I thought of MS1. Threw up a fib retrace from bottom to top and decided not to go for MS1 (although it did get there) and take exit at the 62% fib retrace.....only 4 pips above MS1, so not much difference. Trix was starting to cross up when exit made.

Have other open shorts on this at lower prices.....all very small components.
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  • #8,331
  • Mar 18, 2009 9:57pm Mar 18, 2009 9:57pm
This is not calls just my vue of what I see

Ej down to 12850 and then pos up to 13060-13100

Eu down to 13340 and if DP holds then pos up to13690

Gu if DP holds at 14150 it could go up to 14475

Im out for a long weekend with some friends on a little island resort
See you monday
take care
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  • #8,332
  • Mar 18, 2009 10:02pm Mar 18, 2009 10:02pm
EU: Have shorts on this one, small components. What is interesting is the current PA is stalled at same level it dropped down to once it first came down thru the trend line on the M1 chart. Subsequently, PA cycled northward again, but it is back to that level. A break down here opens pandora's box for some possibly nice downside movement.
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  • #8,333
  • Mar 18, 2009 10:29pm Mar 18, 2009 10:29pm
Quoting traderathome
EU: Have shorts on this one, small components. What is interesting is the current PA is stalled at same level it dropped down to once it first came down thru the trend line on the M1 chart. Subsequently, PA cycled northward again, but it is back to that level. A break down here opens pandora's box for some possibly nice downside movement.
we're also sitting right at the 23.6% fib retrace and it looks like it may want to take a stab at the 38.3% around 1.3360 or so. Guess we shall see; time will tell.
Pip what you see; See what you pip!
  • #8,334
  • Mar 19, 2009 12:51am Mar 19, 2009 12:51am
EJ: Well, the asian session traders, not to be outdone by the euro/us session traders, put on their own little pump and dump show.....what looks like 50 pips further up than the euro/us traders took it to, and then smartly about 200 pips right back down! You gotta love their creativity!

After I exited my previous trade, and with still some short components being carried at lower prices, I shorted on the pullback (rise) and at my previous exit, and waited for more drop to begin to approach some of my older short components.

The move down picked up the highest of my older components and approached another. I closed this part of my trades just as the price passed the second of the older components.
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  • #8,335
  • Mar 19, 2009 4:48am Mar 19, 2009 4:48am
Quoting TradeWell
Thanks for the link. I still want to get his book...
Here is...
  • #8,336
  • Mar 19, 2009 4:49am Mar 19, 2009 4:49am
Quoting nuancom
This is not calls just my vue of what I see

Ej down to 12850 and then pos up to 13060-13100

Eu down to 13340 and if DP holds then pos up to13690

Gu if DP holds at 14150 it could go up to 14475

Im out for a long weekend with some friends on a little island resort
See you monday
take care
Thanks for the insight Nuancom. Very well put. I'll watch closely if it happens.

Have a nice weekend
  • #8,337
  • Mar 19, 2009 5:44am Mar 19, 2009 5:44am
Thanks Macman, I'll monitor next few times and get a feel of things before the news release. Nice charts there. Take care.

Have a good one
Jeff

Quoting macman
IMHO there is a way to make some pips out of the news
.. don't trade the news, trade the run up.

Set your clock for 15 mins before a news event and just follow the direction of the money. You need to know how soon BEFORE the news you need to exit your position and this depends on your borker - fixed spread, variable etc.

The attached shows two news events from today.
~*~You are only one trade away from humility~*~
  • #8,338
  • Mar 19, 2009 6:57am Mar 19, 2009 6:57am
Quoting traderathome
EJ: Well, the asian session traders, not to be outdone by the euro/us session traders, put on their own little pump and dump show.....what looks like 50 pips further up than the euro/us traders took it to, and then smartly about 200 pips right back down! You gotta love their creativity!

After I exited my previous trade, and with still some short components being carried at lower prices, I shorted on the pullback (rise) and at my previous exit, and waited for more drop to begin to approach some of my older short components.

The move down picked...

Hi, Do you know where or how I can obtain the Volume/Trix Indicator on your screen shot? I would appriciate any help.
Best, D~
Without vision, the people will perish.
  • #8,339
  • Mar 19, 2009 7:09am Mar 19, 2009 7:09am
Quoting nuancom
This is not calls just my vue of what I see

Ej down to 12850 and then pos up to 13060-13100

Eu down to 13340 and if DP holds then pos up to13690

Gu if DP holds at 14150 it could go up to 14475

Im out for a long weekend with some friends on a little island resort
See you monday
take care

Hello Nuancom,
I was wondering if you waited on your 5 min chart to short only when your 20 ma color is Red and only Long when your 5 min Chart 20 ma is blue. Does it make a difference. I like your set up and it's helpful to look at your trades and of course use a higher time frame. Any help is great.
Best, D~
Without vision, the people will perish.
  • #8,340
  • Mar 19, 2009 7:28am Mar 19, 2009 7:28am
Took some and as it seems there is going to more of the same coming today
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