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  • #1,901
  • Mar 25, 2010 11:09am Mar 25, 2010 11:09am
SL to 0.
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  • #1,902
  • Mar 25, 2010 11:14am Mar 25, 2010 11:14am
WTF?????!!! :-)
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  • #1,903
  • Mar 25, 2010 11:19am Mar 25, 2010 11:19am
again SL to 0
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  • #1,904
  • Mar 25, 2010 12:39pm Mar 25, 2010 12:39pm
fire one of the maids
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Invest in alarm clocks
  • #1,905
  • Mar 25, 2010 12:49pm Mar 25, 2010 12:49pm
proof
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Invest in alarm clocks
  • #1,906
  • Mar 25, 2010 1:01pm Mar 25, 2010 1:01pm
Quoting momo2k10
Hi Guys,


Jus a quick question, for those of you who trade tonys method.

Do you use oanda as a desktop app or do you use the web based app?.cos lately my desktop app has been freezing every 30mins or so.


Cheers
I just talked to them this am about the same thing and they said they were getting a lot of complaints the last 2 days and they are working on it to fix the problem.oanda has too many slippage problems so I personally withdrew all my funds yesterday "WTF". PS:looking into futures trading!!!
  • #1,907
  • Mar 25, 2010 2:10pm Mar 25, 2010 2:10pm
I use oanda as a web app and my slippage is not bad, If your taking breaks waiting for big bars like tony, you will get slipped a little bit if you enter on that breaking bar most likely. wait for the price action a little bit after the 8+ pip bar for when it sets up, and you wont get slipped as much. I have no much slippage problems, I do get slipped sometimes, but it's not too bad. Oanda is not doing this to you on purpose, you will get slippage with all brokers if your entering like this I think. Some more than others of course, but it's something you would have to deal with.

Futures are good to trade, but you could get better commission rates with spot fx, with more volatility and more leverage. the ES moves pretty good though, look into that if your looking into futures. maybe the YM too...
  • #1,908
  • Mar 25, 2010 2:59pm Mar 25, 2010 2:59pm
Quoting Monroe
I use oanda as a web app and my slippage is not bad, If your taking breaks waiting for big bars like tony, you will get slipped a little bit if you enter on that breaking bar most likely. wait for the price action a little bit after the 8+ pip bar for when it sets up, and you wont get slipped as much. I have no much slippage problems, I do get slipped sometimes, but it's not too bad. Oanda is not doing this to you on purpose, you will get slippage with all brokers if your entering like this I think. Some more than others of course, but it's something...
Thanxs Monroe,yes that is what I was told the e mini (es)... PS:LOVE THE FX MARKET,HATE THE SLIPPAGE!!!!!!!!!!!!!!!!!!!!
  • #1,909
  • Mar 25, 2010 3:37pm Mar 25, 2010 3:37pm
No problem. Although once you start making a lot of money, you shouldn't be with Oanda or any market maker because I've heard they will start messing with you, and the slippage is way worse than with an ECN broker.

Although this method isn't considered scalping by Tony, your entry is that of a scalp, so... you will most likely see some real funny shit happening once you start doing real good. I am not pushing the lots too high at this very time, but I use Oanda as one of my brokers, and I want to test it out to see how far I can push it until it becomes horrible. so far not too bad.... but I've heard the stories.... overall they seem to be alright.
  • #1,910
  • Mar 25, 2010 4:43pm Mar 25, 2010 4:43pm
Quoting Monroe
No problem. Although once you start making a lot of money, you shouldn't be with Oanda or any market maker because I've heard they will start messing with you, and the slippage is way worse than with an ECN broker.

Although this method isn't considered scalping by Tony, your entry is that of a scalp, so... you will most likely see some real funny shit happening once you start doing real good. I am not pushing the lots too high at this very time, but I use Oanda as one of my brokers, and I want to test it out to see how far I can push it until...
You can push things very far with Oanda. I buy and sell 1mill all the time ... it's a tiny amount in this market. I know for a fact that oanda has customers that have open positions above 500 million. you should start worrying once you have to buy 50 - 100 million at one price. but then again, once you have enough funds to do that you probably don't have to worry about money at all
  • #1,911
  • Mar 25, 2010 6:08pm Mar 25, 2010 6:08pm
Quoting mikekneip
You can push things very far with Oanda. I buy and sell 1mill all the time ... it's a tiny amount in this market. I know for a fact that oanda has customers that have open positions above 500 million. you should start worrying once you have to buy 50 - 100 million at one price. but then again, once you have enough funds to do that you probably don't have to worry about money at all
Thats great to hear because I don't want to pay commission if I dont have to. .9 spread on EU wth no commission ... thats not bad at all.

Are you opening positions with 1m with a 3tick SL's and scalping? or are you position/swing trading with these sizes?
  • #1,912
  • Mar 26, 2010 1:26am Mar 26, 2010 1:26am
example of false signal
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  • #1,913
  • Mar 26, 2010 1:43am Mar 26, 2010 1:43am
Quoting Tony112
example of false signal
Good Morning

totally agree with you there Tony
Raza
  • #1,914
  • Mar 26, 2010 1:47am Mar 26, 2010 1:47am
Quoting shr5
Good Morning

totally agree with you there Tony

good morning I'm a bit tired today but I'll be up for at least 2-3 hours
Invest in alarm clocks
  • #1,915
  • Mar 26, 2010 2:11am Mar 26, 2010 2:11am
Quoting Tony112
example of false signal
Thank you Tony
  • #1,916
  • Mar 26, 2010 2:18am Mar 26, 2010 2:18am
Quoting Tony112
good morning I'm a bit tired today but I'll be up for at least 2-3 hours
i am just waiting for the london open myself for any trade setups.....otherwise today being a friday sometimes it gets a bit choppy
Raza
  • #1,917
  • Mar 26, 2010 2:31am Mar 26, 2010 2:31am
Nice thread here Tony. Still trying to digest it. Got some good ideas from reading it.

Monroe, if you wanted to start your own thread I'd be interested in reading more about how you scalp.

Thx
  • #1,918
  • Mar 26, 2010 2:38am Mar 26, 2010 2:38am
Quoting Magic Trader
Nice thread here Tony. Still trying to digest it. Got some good ideas from reading it.

Monroe, if you wanted to start your own thread I'd be interested in reading more about how you scalp.

Thx
up

Don't give up
  • #1,919
  • Mar 26, 2010 2:40am Mar 26, 2010 2:40am
Quoting Monroe
Here is a breakout scalp for example, as you see I get in before the break... I take profit on the first sign of a turnaround. this stalled for too long at a s/r area, I took profit. I wait for the next short or counter trade this from here depending on price action. If it doesn't give me a nice tight setup, I don't trade it.

Attachment
Hi Monroe,

pls would you explain better the use of these MA?

Many thanks in advance
Don't give up
  • #1,920
  • Mar 26, 2010 2:46am Mar 26, 2010 2:46am
Quoting Monroe
I only enter under 1 pip spread on eurusd, 1.5-3 on GU, same with EJ. I don't currently trade 1million, but it depends on volume in the market. What I meant was, I will be trading 1-2million in the future if all goes well and I know there are people that do. I only trade $3-$5 ticks as of right now. You wont' have much of a problem trading 1million during NY or London sessions with true ECN brokers. Might get some partial fills and stuff, but when there's volume, you would be fine for more than 1million.

my stop loss is super tight, no more than...
Hi Monroe,

I've read all your posts (as the entire thread) and I'm almost agree with you in many concepts.

So, I think PA i really good for us traders, but I've stopped to apply it to high TF, cause it's not profitable (for me, at least)

More, I'm a scalper minded, so I've to find the best way to trade achieving a good rate of "brain comfort"

I would like correspond to you, about the scalping technics you use, trying to find a really long term profitability for my discontinue trading performance.

Many thanks in advance.

Don't give up
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