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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #27,241
  • Nov 16, 2009 8:41am Nov 16, 2009 8:41am
Hi Eo, was going to short that last 15m candle up near 134 again but my spread spooked me out of some pips think I'll just chill really not feelin this atm. Considering whats going on with the news I find this ODD!
  • #27,242
  • Nov 16, 2009 8:50am Nov 16, 2009 8:50am
Quoting 4fun
Hi Eo, was going to short that last 15m candle up near 134 again but my spread spooked me out of some pips think I'll just chill really not feelin this atm. Considering whats going on with the news I find this ODD!
Cash is sometimes a better position to have. You'll get in when it's right!
Just digging in the trenches like everyone else!
  • #27,243
  • Nov 16, 2009 8:56am Nov 16, 2009 8:56am
Quoting eohater
Cash is sometimes a better position to have. You'll get in when it's right!

http://cdn.forexfactory.com/images/icons/icon14.gif
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  • #27,244
  • Edited 9:02am Nov 16, 2009 9:01am | Edited 9:02am
SEE if this will test as support
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  • #27,245
  • Nov 16, 2009 9:27am Nov 16, 2009 9:27am
Quoting eohater
My primary account's are with MBTrading and they have a variable spread. During most times, my spread is 2, but during volatile times (news, volume coming/leaving the market) I've seen the spread move to 12. Same goest with GU, my spread is usually around 3 on GU, but can move upwards of 12 at times. I've also had negative spreads before, which are always nice!
Hi EO,

thought MB Trading charges comission and spread costs. My E/J spread and GU spread is 90% oft the time 3 pips and sometimes 2 or 4. I have no spread widening during newstime. That's why I love my broker.
  • #27,246
  • Nov 16, 2009 9:33am Nov 16, 2009 9:33am
Quoting MCFly
Hi EO,

thought MB Trading charges comission and spread costs. My E/J spread and GU spread is 90% oft the time 3 pips and sometimes 2 or 4. I have no spread widening during newstime. That's why I love my broker.
They do charge a commission in addition to the spread. I don't recommend them for a new trader, but for an experienced trader, they are outstanding! My other broker is FXDD and they have a fixed spread without commission. Both brokers have their positives and negatives.
Just digging in the trenches like everyone else!
  • #27,247
  • Nov 16, 2009 10:03am Nov 16, 2009 10:03am
Quoting eohater
They do charge a commission in addition to the spread. I don't recommend them for a new trader, but for an experienced trader, they are outstanding! My other broker is FXDD and they have a fixed spread without commission. Both brokers have their positives and negatives.
Hey EO question for you. On your MB account, do you have issues on placing large orders? I'm trying to find a broker, that can easily scale up as the account size increases. I've been looking at Interactive Brokers and MB trading.
  • #27,248
  • Nov 16, 2009 10:18am Nov 16, 2009 10:18am
Quoting kalparker
Hey EO question for you. On your MB account, do you have issues on placing large orders? I'm trying to find a broker, that can easily scale up as the account size increases. I've been looking at Interactive Brokers and MB trading.
I enter trades regularly with 20 standard lots at a time and have had no issues. Now, you need to also realize if the volume is low, you might not get them all filled at the same price, same thing with TP's. However, if your trading during EURO/London and the US Session, you will not have a problem.
Just digging in the trenches like everyone else!
  • #27,249
  • Nov 16, 2009 10:41am Nov 16, 2009 10:41am
Quoting 4fun
I have ibfx and my spread on e/j just wont stay consistent I know there was a touch of news but this seems odd maybe lots of volume? Anyone else seeing this?
I'm with IBFX and on my live account the spread has been varying since last week. Never used to move at all apart from news times. I asked their live support about it last week and the man I spoke to said it would vary but not go higher than the normal spread, I have seen G/U go down to 2 instead of 4 and it moves a lot on all the currencies but he was right, it only goes above the normal spread at news times. He did say though it was temporary but didn't say for how long.

I agree though, when you're not used to it, its very weird.
  • #27,250
  • Nov 16, 2009 1:01pm Nov 16, 2009 1:01pm
Quoting luckylady
I'm with IBFX and on my live account the spread has been varying since last week. Never used to move at all apart from news times. I asked their live support about it last week and the man I spoke to said it would vary but not go higher than the normal spread, I have seen G/U go down to 2 instead of 4 and it moves a lot on all the currencies but he was right, it only goes above the normal spread at news times. He did say though it was temporary but didn't say for how long.

I agree though, when you're not used to it, its very weird.
Hey luckylady,

I also use IBFX and yes, the spread variance doesn't last all that long BUT, what gets me is just how much it varies. I've sen the GU go as high 13 pips around news. It "can" play hell with stops if you're close when it happens. I've written to them about it. I've also taken the survey they put out to us to "recommend" things for improvemnet...lol That's always HIGH on my list....LOL

Hope you're still killing it sweetie!
Ghost Rider - WWTBMD?
  • #27,251
  • Nov 16, 2009 1:17pm Nov 16, 2009 1:17pm
Quoting albchr
Hey luckylady,

I also use IBFX and yes, the spread variance doesn't last all that long BUT, what gets me is just how much it varies. I've sen the GU go as high 13 pips around news. It "can" play hell with stops if you're close when it happens. I've written to them about it. I've also taken the survey they put out to us to "recommend" things for improvemnet...lol That's always HIGH on my list....LOL

Hope you're still killing it sweetie!
I loved the news on your thread, I hope it all goes great this week for you Chris, you certainly deserve it.

As far as my trading is going...still killing it Helped of course by retyping Ken's lessons for the pdf, its surprising how much sticks when you read it over and over again
  • #27,252
  • Nov 16, 2009 4:10pm Nov 16, 2009 4:10pm
Quoting luckylady
I'm with IBFX and on my live account the spread has been varying since last week. Never used to move at all apart from news times. I asked their live support about it last week and the man I spoke to said it would vary but not go higher than the normal spread, I have seen G/U go down to 2 instead of 4 and it moves a lot on all the currencies but he was right, it only goes above the normal spread at news times. He did say though it was temporary but didn't say for how long.

I agree though, when you're not used to it, its very weird.
Looks like its here to stay, got this tonight:

SALT LAKE CITY, Nov. 16, 2009—Interbank FX a leading off-exchange retail foreign currency (Forex/FX) broker has implemented new multi-bank liquidity pricing with major currency pairs as low as one pip.

“At Interbank FX, we obtain competitive bids for order flow on our multi-bank feed, allowing our customers to achieve optimal pricing and execution, faster processing times and increased liquidity on every trade,” said Todd Crosland, Chairman and President of Interbank FX. “We’ve lowered our spreads with an average spread below 2.0, offering our customer base optimum pricing to facilitate their trades.”

“As low as” spreads include:
Based on all trading data from 11/5/09-11/11/09

PAIR OLD SPREAD NEW “AS LOW AS” SPREAD
GBP/JPY 7 3
EUR/JPY 4 2
EUR/USD 2 1
USD/JPY 3 1
USD/CHF 4 1
GBP/USD 4 2
AUD/USD 5 2
USD/CAD 5 2
GBP/CHF 7 4

* Spreads are not fixed and will fluctuate during periods of market volatility or low liquidity.
  • #27,253
  • Nov 16, 2009 6:28pm Nov 16, 2009 6:28pm
Hey luckylady got the same crock of sh$t in my e-mail from ibfx this evening. Isnt it strange how it became so transparent suddenly today and now they send out e-mails to all account holders. Nothings perfect I realize that but today it was obvious no news a widening gap wtf I 'll be sure to post if I get e/j or g/u filled at 2 pips dont anyone hold your breath lol!! http://cdn.forexfactory.com/images/icons/icon8.gif
  • #27,254
  • Nov 16, 2009 6:31pm Nov 16, 2009 6:31pm
It must be all of us hangin at Eo's its costing um $$$. Lookin foward to costing them alot more!!
  • #27,255
  • Nov 16, 2009 6:53pm Nov 16, 2009 6:53pm
Pretty week game tonight but I am armed with New Castle's this vid works pop a top cya in la manana

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  • #27,256
  • Nov 16, 2009 9:28pm Nov 16, 2009 9:28pm
Quoting KENNETH lEE
Not to one up lucky lady or anything ,, I hope she does get it done as the pdf here are to bigh to post anywhere. But I keep getting many PM's about the whole thing and tired of sending e-mails.. so here ..

Again Thanks to Lucky Lady as it is my ignorance with pdf's that has caused the issue she is dealing with..

My son loaned me some space on his server for a PDF of the startegy that is just copies of all the postings as it was written. There are 2 pdf's on this server .. One is the manual the second is flashcards showing trades one candle...
Thank you so much ii could not get it an now you have an so nice to share, tracy
  • #27,257
  • Nov 17, 2009 2:34am Nov 17, 2009 2:34am
The power of round numbers and Eo's ma's. Cant catch um all but its worth looking around
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  • #27,258
  • Nov 17, 2009 3:13am Nov 17, 2009 3:13am
Quoting luckylady
Looks like its here to stay, got this tonight:

pip.


* Spreads are not fixed and will fluctuate during periods of market volatility or low liquidity.

LOL..beat me to it sweetie...

Great news huh? maybe they were actually listening to me/us...LOL

BTW, I wanted to ask you how the re-typing is going. Ken sent me all the pics and I've been sending them through OCR to turn them into text. If you're finished, I'll stop. If not, perhaps I can help you from wherever you're at with it. I agree, going through it like this REALLY helps me "get it". And it's the least I can do t give back a little to EO, Ken and everyone here....
Ghost Rider - WWTBMD?
  • #27,259
  • Nov 17, 2009 6:29am Nov 17, 2009 6:29am
Quoting 4fun
The power of round numbers and Eo's ma's. Cant catch um all but its worth looking around
Morning/afternoon, everybody
Here is my opinion for EY.
If 4H will close like it looks like, long is on the table
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  • #27,260
  • Nov 17, 2009 6:38am Nov 17, 2009 6:38am
Quoting albchr
LOL..beat me to it sweetie...

Great news huh? maybe they were actually listening to me/us...LOL

BTW, I wanted to ask you how the re-typing is going. Ken sent me all the pics and I've been sending them through OCR to turn them into text. If you're finished, I'll stop. If not, perhaps I can help you from wherever you're at with it. I agree, going through it like this REALLY helps me "get it". And it's the least I can do t give back a little to EO, Ken and everyone here....
Yes, just finished the actual typing, got to just go through it for spelling mistakes etc and tidy up and we're done, thanks though for the offer.
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