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My trades by Dave

  • #541
  • Dec 4, 2005 6:37pm Dec 4, 2005 6:37pm
Quoting xxDavidxSxx
If you have googled forex in search of learning forex then I can assume you know who Mark McRea is. He is the auther of (sure fire forex trading.)

I have been a member of traders secret library for a few months now. I just recieved as a loyalty bonus his book sure fire forex trading. I was relived to find out his method is almost identical to mine. No wonder I am so accurate!

I have been questioning charting programs by brokers for a long time. I found out that Mark uses inteli charts from fxtrek.com. They are not a broker so there is no need for them to mess with the price feed. I have been looking to find charts that allows me to use MA's of the high and lows. Apperantly the 50$ intelichart package doesn't offer that. I have a 7 day free trial now. I will cancile it befor I get billed at the end of 6 days. You need the 100$ a month charting package for these things....Price alerts, cross over alerts, e-mail/mobile alerts, and MA's of highs and lows.
I cann't justify paying 100$ a month yet as it would eat up 1/4-1/3 of my monthly winnings. Basicly there's nothing you need on the 50$ charts that you don't get from free charts. But if you want the alerts and can spend the 100$ a month price I would say use what the pro uses.
If you subscribe Mark gets nothing for it. Neither do I. So I am promoting nothing just a personal oponion.

Mark cann't say I unlawfully disclosed his books contents because my posts of my trades and system were here long befor the date I recieved his book.

Keep waching my trades and you'll see a little more organisation to the trades and more precise targets. You'll pick up on the small differances. There wasn't much for me to learn that I already didn't know. My entrys and s/l will be the same for the most part.

I do recomend this book for any one who needs a detailed method fully disclosed and cann't seem to grasp mine.

Dave
I’d be very interested to hear your comments about fxtreck. I was looking
for something that serves as an alternative to data feed from my fxcm and
‘slippage’ they offer. I took a look at TrackData that another member of FF
is using but haven’t tried them yet.


Mark
  • #542
  • Dec 4, 2005 7:12pm Dec 4, 2005 7:12pm
Gentlemen, I use tradestation. You can get just the charting package for 200 a month without the extras. I got radarscreen to so Im paying 260.

I know its alot but there backtesting and strategy programing is great. I love it.
  • #543
  • Dec 4, 2005 7:34pm Dec 4, 2005 7:34pm
Quoting raczekfx
I’d be very interested to hear your comments about fxtreck. I was looking
for something that serves as an alternative to data feed from my fxcm and
‘slippage’ they offer. I took a look at TrackData that another member of FF
is using but haven’t tried them yet.


Mark
This is the first chart I have looked at that provides a 7/10 better than fxstreet. I am rethinking the 50$ package. Its worth it just to get more acurate MA'a.
The candles form more to the structure too. Note the small differances in the circled areas. Same 30 min time frame.

Dave
Attached Image
  • #544
  • Dec 4, 2005 8:33pm Dec 4, 2005 8:33pm
Quoting xxDavidxSxx
This is the first chart I have looked at that provides a 7/10 better than fxstreet. I am rethinking the 50$ package. Its worth it just to get more acurate MA'a.
The candles form more to the structure too. Note the small differances in the circled areas. Same 30 min time frame.

Dave
I can see the difference indeed; very interesting. I wonder how close
fxtreck is to interbank’s quotes. I’m looking at (7/10cross) a blue line crossing down
green at around 10:00 (dec. 4) on the first chart and comparing it to
fxtreck. It’s hard for me to tell because of the resolution, but it must be
around 3-5 pips difference. Am I right, Dave?


Mark
  • #545
  • Dec 4, 2005 8:39pm Dec 4, 2005 8:39pm
Quoting xspowerx
Gentlemen, I use tradestation. You can get just the charting package for 200 a month without the extras. I got radarscreen to so Im paying 260.

I know its alot but there backtesting and strategy programing is great. I love it.
I’ve heard good things about tradestation, but it’s out of my radar screen, at least for now.
Do you know how accurate (not sure if you used net dania or dailyfx charts before) data feed is?

Mark
  • #546
  • Dec 4, 2005 9:13pm Dec 4, 2005 9:13pm
Quoting raczekfx
I can see the difference indeed; very interesting. I wonder how close
fxtreck is to interbank’s quotes. I’m looking at (7/10cross) a blue line crossing down
green at around 10:00 (dec. 4) on the first chart and comparing it to
fxtreck. It’s hard for me to tell because of the resolution, but it must be
around 3-5 pips difference. Am I right, Dave?


Mark
Yea thats right on the 1 hr chart there is a 4 pip differance.
fxstreet is 1.1702
fxtrek is 1.1706 both on the 7 ema.
  • #547
  • Dec 4, 2005 11:10pm Dec 4, 2005 11:10pm
Quoting raczekfx
I’ve heard good things about tradestation, but it’s out of my radar screen, at least for now.
Do you know how accurate (not sure if you used net dania or dailyfx charts before) data feed is?

Mark
I use netdania all the time at work. Tradestation's datafeed is very accurate. It has minimal slippage compared to FXCM and there charts..

Only reason I trade through FXCM is cause I like there easy platform and the forex broker tradestation goes through is crap. I heard there adding automated trading soon for tradestation, I still wouldn't go with the broker they offer. I believe its GAIN capitol or something. So I pretty much use them for charting and alerts.. It gives me positive results most of the time.

If you would like to contact someone there in regards to it let me know because I have been sending people to this one guy, and Im hoping if we get enough he'll give us a group discount. Just incase you do decide to get it...
  • #548
  • Dec 5, 2005 6:20am Dec 5, 2005 6:20am
Quoting xxDavidxSxx
1st target is gonna be 1.1731
2nd 1.1756
3rd 1.1796

s/l for proper risk/reward ratio should be 1.1685

I have to leave it 1.1640 for now because its more or less instinct where I put it.
A hit of first target I'll trail it up.

Dave
pulling trade 1.1741

+39 pips

Dave
  • #549
  • Dec 5, 2005 6:22am Dec 5, 2005 6:22am
Quoting xspowerx
I use netdania all the time at work. Tradestation's datafeed is very accurate. It has minimal slippage compared to FXCM and there charts..

Only reason I trade through FXCM is cause I like there easy platform and the forex broker tradestation goes through is crap. I heard there adding automated trading soon for tradestation, I still wouldn't go with the broker they offer. I believe its GAIN capitol or something. So I pretty much use them for charting and alerts.. It gives me positive results most of the time.

If you would like to contact someone there in regards to it let me know because I have been sending people to this one guy, and Im hoping if we get enough he'll give us a group discount. Just incase you do decide to get it...
Gain capitol is one of the suggested brokers by Mark McRea. I am gonna check out there demo.

Dave
  • #550
  • Dec 5, 2005 7:13am Dec 5, 2005 7:13am
Quoting xxDavidxSxx
1st target is gonna be 1.1731
2nd 1.1756
3rd 1.1796

s/l for proper risk/reward ratio should be 1.1685

I have to leave it 1.1640 for now because its more or less instinct where I put it.
A hit of first target I'll trail it up.

Dave
what a great analysis ,Dave!
if i didn't hesitate and enter late, could be more pips.
enter long @1.1745 [email protected] +23pips.cool
please keep it coming, Dave.thanks a bunch
  • #551
  • Dec 5, 2005 11:25am Dec 5, 2005 11:25am
Short 1.1799

s/l 1.1825

1st target 1.1754
2nd 1.1722
3rd 1.1691

I'll post chart after work.

Dave
  • #552
  • Dec 5, 2005 5:01pm Dec 5, 2005 5:01pm
Quoting xxDavidxSxx
Short 1.1799

s/l 1.1825

1st target 1.1754
2nd 1.1722
3rd 1.1691

I'll post chart after work.

Dave
s/l came close to getting hit but was well placed.
I need to revise targets to fit the 1.1820 high it made.

1st target is 1.1770
2nd 1.1754

I don't see the price dipping below 1.1750 if it even makes it that far.
If I have to leave trade unatended I'll set limmit at the first target. We should see at least a 38.2 retrace. I expect there to be a pull back on profit taking since we just saw a 120 pip move.

Dave
Attached Image
  • #553
  • Dec 5, 2005 8:57pm Dec 5, 2005 8:57pm
Quoting xxDavidxSxx
Yea thats right on the 1 hr chart there is a 4 pip differance.
fxstreet is 1.1702
fxtrek is 1.1706 both on the 7 ema.
hi Dave,
i had fxtreck they had the prices from fxcm, the charts are nice and really good when they work, they had had problems during heavy data days, like FOMC, NFP to name some, i hope they had fixed them.for my 100 bucks is too much.
i have been using FXDD , now they are changing to mt4, their service is good.you can have all ma @close,open, high&low.
About the trades i think the eur will go down, i am short@1785 sl@ 1830 first target 1645

bye
  • #554
  • Edited 9:51pm Dec 5, 2005 9:35pm | Edited 9:51pm
Quoting bea
hi Dave,
i had fxtreck they had the prices from fxcm, the charts are nice and really good when they work, they had had problems during heavy data days, like FOMC, NFP to name some, i hope they had fixed them.for my 100 bucks is too much.
i have been using FXDD , now they are changing to mt4, their service is good.you can have all ma @close,open, high&low.
About the trades i think the eur will go down, i am short@1785 sl@ 1830 first target 1645

bye
Bea,

What makes you think fxtrek's intelli chart prices are a fxcm price feed?
Currently I can see the price feed is blocked at 1.1780 on my fxcm trade station.
On inteli charts the price is consistantly 2 pips above fxcm. But when inteli charts price just dipped to 1.1780 a few times fxcm's price failed to goto 1.1778 and maintain the same 2 pip differance.
Also I posted a chart compairason with the differances circled. There were gaps on fxcm charts and no gaps on inteli charts. And there is circled a low on both charts and fxcm had the 2 candle shadows backwards.
What kind of research did you do?

Dave

edit finally fxcm let the price break 1.1780 and now has the 2 pip differance. But only after intelli charts actually broke 1.1780. Seems there giving a 2 pip buffer or something like that.
I will probly purchace a month at 50$ and see how it plays out in my trades.
Attached Image
  • #555
  • Dec 5, 2005 9:42pm Dec 5, 2005 9:42pm
Why does no one use the charts that come with the FX Trade Station from FXCM?
There is a plugin for NEWS and CHARTS, I bet many know that but still.
What do you guys think of those charts?
  • #556
  • Dec 5, 2005 9:56pm Dec 5, 2005 9:56pm
Quoting avlasov
Why does no one use the charts that come with the FX Trade Station from FXCM?
There is a plugin for NEWS and CHARTS, I bet many know that but still.
What do you guys think of those charts?
I, as with many others have found that fxcm filters the price to our disadvantage.

I use a 7 EMA/ 10 SMA cross over as an indacater. The fxcm price feed doesn't work well with it. But Price feeds(charts) from a sorce thats not a broker, the 7/10 works very well.

Just check out as many charts as you can from as many sorces you can and see how the same moving averages are different.


I am currently on a mission to find the best most realiable price feed available.

Your broker makes money when you lose.

Dave
  • #557
  • Dec 5, 2005 9:59pm Dec 5, 2005 9:59pm
Avlasov,

Are you a lawyer? I noticed your links.

I have a question if you are.

Dave
  • #558
  • Dec 5, 2005 10:16pm Dec 5, 2005 10:16pm
Quoting xxDavidxSxx
Bea,

What makes you think fxtrek's intelli chart prices are a fxcm price feed?
Currently I can see the price feed is blocked at 1.1780 on my fxcm trade station.
On inteli charts the price is consistantly 2 pips above fxcm. But when inteli charts price just dipped to 1.1780 a few times fxcm's price failed to goto 1.1778 and maintain the same 2 pip differance.
Also I posted a chart compairason with the differances circled. There were gaps on fxcm charts and no gaps on inteli charts. And there is circled a low on both charts and fxcm had the 2 candle shadows backwards.
What kind of research did you do?

Dave

edit finally fxcm let the price break 1.1780 and now has the 2 pip differance. But only after intelli charts actually broke 1.1780. Seems there giving a 2 pip buffer or something like that.
I will probly purchace a month at 50$ and see how it plays out in my trades.
Dave
I say they had, i dont say that they now have the same, once ,when the charts frozen i called them, and that was the answer that the person gave me, beside that i had a demo account with fxcm and the problems with the platform were coincident, that was an experience , far from be considered a research. I hope you do not have the same problems i had.
  • #559
  • Dec 5, 2005 10:32pm Dec 5, 2005 10:32pm
Quoting avlasov
Why does no one use the charts that come with the FX Trade Station from FXCM?
There is a plugin for NEWS and CHARTS, I bet many know that but still.
What do you guys think of those charts?
I use their news, but dislike chart plug in. Price from dealing rates window differs
sometimes 2 pips from their charts, not to mention slippage and ‘freezes’.
Mind you, I still use version 1.02, maybe things got better with version 2.
FX Power charts that I use aren’t much better, but I like the option of having 9 charts
displayed in one window at the same time.
MT4 charts are my second choice and I’m quite happy with them. I can create my
own custom indicators and experts. I haven’t used paid subscription as of yet, but will
probably take a look at fxtreck in the near future.

Mark

  • #560
  • Dec 5, 2005 10:50pm Dec 5, 2005 10:50pm
Quoting xxDavidxSxx
Bea,


edit finally fxcm let the price break 1.1780 and now has the 2 pip differance. But only after intelli charts actually broke 1.1780. Seems there giving a 2 pip buffer or something like that.
I will probly purchace a month at 50$ and see how it plays out in my trades.
I've seen it earlier today someplace on fxcm.com, (now off course can't find it)
that rates they offer differs only 2pips from interbank quotes. I wonder if that's
always the case...
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