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Central Banks & Big Players

  • #1,121
  • Edited 6:04pm Dec 5, 2009 2:28pm | Edited 6:04pm
Quoting ozzieb88
Stinger who do you trade with?

I spreadbet, with IG which is a 4 digit broker. Would this system be better with a 5 pip broker?

Because 40 pips on a 5 is only 4 on a 4digit broker...

Oz
Don't know too much about 4 vs 5 digit brokers. Here's a link with discussion:
http://forums.babypips.com/forextown...-broker-2.html

I use Interactive Brokers.
  • #1,122
  • Dec 7, 2009 2:06am Dec 7, 2009 2:06am
have a nice week everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 119.gif Size: 30 KB
Invest in alarm clocks
  • #1,123
  • Dec 7, 2009 2:07am Dec 7, 2009 2:07am
GBP's moving down, I just cant find a safe entry
  • #1,124
  • Dec 7, 2009 2:12am Dec 7, 2009 2:12am
You have to take the first candle at London open, after it might be too late
Attached Image (click to enlarge)
Click to Enlarge Name: 120.gif Size: 32 KB
Invest in alarm clocks
  • #1,125
  • Dec 7, 2009 2:16am Dec 7, 2009 2:16am
I wasn't sure about that one......GBP had already been moving down and I figured it may have been too late in the trend. Oh well next time.
  • #1,126
  • Dec 7, 2009 4:17am Dec 7, 2009 4:17am
tony what size of candle was that?
  • #1,127
  • Dec 7, 2009 6:19am Dec 7, 2009 6:19am
Quoting monies
tony what size of candle was that?
If you click on the picutre of the charts, they will enlarge and you will be able to easily see size of the candle stick.
  • #1,128
  • Dec 7, 2009 6:24am Dec 7, 2009 6:24am
If you would have left that running you could have got over 100pips!!
  • #1,129
  • Dec 7, 2009 6:25am Dec 7, 2009 6:25am
Tony how is it working just on the open itself? I know today was brill but in general? So you dont have to watch the screen all day long.
  • #1,130
  • Dec 7, 2009 9:43am Dec 7, 2009 9:43am
Quoting ozzieb88
If you would have left that running you could have got over 100pips!!

I know

I was making calculations today of letting the trade run for over 600 pips...
Invest in alarm clocks
  • #1,131
  • Dec 7, 2009 10:36am Dec 7, 2009 10:36am
lol I mean 100 4 digit (for me). So for you 1000 pips!!
  • #1,132
  • Dec 7, 2009 6:53pm Dec 7, 2009 6:53pm
Quoting ozzieb88
lol I mean 100 4 digit (for me). So for you 1000 pips!!
Maybe I don't understand what you're trying to say but I don't think the extra digit translates into 10x the profits.

for example:

1.644 is 4 digits
1.6443 is 5 digits

so I'm really only making an extra 3 pips more than you. Since the 5th digit could be (0-9) I can only make at most 9 more pips than you(assuming equal # of contracts traded)
  • #1,133
  • Dec 8, 2009 2:34am Dec 8, 2009 2:34am
Lost 4 pips on the this move. Oh well . Next

http://img4.imageshack.us/img4/7646/ex79.th.gif
  • #1,134
  • Dec 10, 2009 12:03am Dec 10, 2009 12:03am
Some big news items for GBP today. Its gonna be a good day for trading.
  • #1,135
  • Dec 10, 2009 12:37am Dec 10, 2009 12:37am
Quoting stinger88
Some big news items for GBP today. Its gonna be a good day for trading.
Any tips ?
  • #1,136
  • Dec 10, 2009 12:54am Dec 10, 2009 12:54am
Quoting Eddie_yes
Any tips ?
lol - yeah never take tips from other people
  • #1,137
  • Edited 2:19am Dec 10, 2009 1:04am | Edited 2:19am
Quoting stinger88
lol - yeah never take tips from other people
That was a good tip truly.
  • #1,138
  • Edited 2:09am Dec 10, 2009 1:47am | Edited 2:09am
Took 20 pips.
http://img43.imageshack.us/img43/8396/ex84.th.gif

Decided to pass on this one.
http://img130.imageshack.us/img130/9970/ex85.th.gif
  • #1,139
  • Dec 10, 2009 2:11am Dec 10, 2009 2:11am
famous Thursdays
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Invest in alarm clocks
  • #1,140
  • Dec 10, 2009 2:12am Dec 10, 2009 2:12am
as I always say, the first 10 pip candle on London open....
Invest in alarm clocks
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