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  • #2,121
  • Apr 29, 2010 2:15pm Apr 29, 2010 2:15pm
Well I thought i would give the 5 second chart a spin,,,30 -45 min in the London got me 120+ pips overnight with 0 risk based on the BE stop after 5 pips,,,,,and again on the Y session this morning,,,88 pips so far....0 risk after 5 pips,,,,,I think I stopped twice in the London for a total of 10 pips before I got my dance partner....In the NY I got the trade on the first try,,,,So to put this into perspective,,,R:R was 15:1 in the London and 17:1 in the NY ,,,,,,,Thanks Tony,,,,BTW I was trading the gpb/usd,,,,
  • #2,122
  • Apr 29, 2010 6:06pm Apr 29, 2010 6:06pm
Quoting piptalk
Well I thought i would give the 5 second chart a spin,,,30 -45 min in the London got me 120+ pips overnight with 0 risk based on the BE stop after 5 pips,,,,,and again on the Y session this morning,,,88 pips so far....0 risk after 5 pips,,,,,I think I stopped twice in the London for a total of 10 pips before I got my dance partner....In the NY I got the trade on the first try,,,,So to put this into perspective,,,R:R was 15:1 in the London and 17:1 in the NY ,,,,,,,Thanks Tony,,,,BTW I was trading the gpb/usd,,,,
Out of curiosity, how long are you in each trade?
  • #2,123
  • May 2, 2010 5:56am May 2, 2010 5:56am
Quoting stinger88
I use Interactive Brokers. They charge commission per trade...works out to about $6 for trading 1 full contract, so you get the lowest spreads. Biggest brokerage in the world. I've used them for trading stocks and forex for many years now. Execution has always been excellent.

As for re-quotes, I've never had that problem. I hit either the bid or offers with two key strokes, so as long as Im fast enough, I get filled.

During big news annoucements, the spreads can get huge, like 10-20 pips, but they quickly return to roughly 1-2 pips once things...
It's good to see the positive comment about Interactive Brokers. I am considering to open an account there. Hence am trying to know more about them, both positive & negative comments help me to do the final decision. Thanks!
  • #2,124
  • May 6, 2010 1:28pm May 6, 2010 1:28pm
Blue boxes are moves of 10 pips in 10 sec. When they occur at the at key SR points, and psychological numbers AND price continues to move in that direction price usually moves 125 pips or more from that initial 10 sec/10 pip surge


Trading away from a line (the daily low):

http://i40.tinypic.com/n6f4ue.jpg


GU 185 pips in 90 minutes:

http://i44.tinypic.com/10y2z9t.jpg



EJ 10 min 140 pips:

http://i41.tinypic.com/24xqlp3.jpg



here is where you can get the flexchart expert advisor that produced these 5 sec charts for mt4:
http://www.forexfactory.com/showthread.php?t=222230 post #7


--ZZ
  • #2,125
  • May 6, 2010 2:09pm May 6, 2010 2:09pm
hi mate worst day to judge is today, happens quite rarely
  • #2,126
  • May 6, 2010 3:37pm May 6, 2010 3:37pm
Quoting -zz
Blue boxes are moves of 10 pips in 10 sec. When they occur at the at key SR points, and psychological numbers AND price continues to move in that direction price usually moves 125 pips or more from that initial 10 sec/10 pip surge


Trading away from a line (the daily low):

http://i40.tinypic.com/n6f4ue.jpg


GU 185 pips in 90 minutes:

http://i44.tinypic.com/10y2z9t.jpg



EJ 10 min 140 pips:

http://i41.tinypic.com/24xqlp3.jpg



here is where you can get the flexchart expert advisor that produced...


thank you for giving me shivers.... good student
Invest in alarm clocks
  • #2,127
  • May 6, 2010 3:40pm May 6, 2010 3:40pm
Quoting Sim
hi mate worst day to judge is today, happens quite rarely

indeed, but I would say less often
Invest in alarm clocks
  • #2,128
  • May 6, 2010 3:56pm May 6, 2010 3:56pm
This afternoon was even more spectacular. The fountain was gushing pips , banks footsteps everywhere
  • #2,129
  • May 6, 2010 4:15pm May 6, 2010 4:15pm
heheh

imagine every day like this :o

all we need is volatility eh
  • #2,130
  • May 7, 2010 1:49am May 7, 2010 1:49am
The volatility on the GBP is just insane. 10 pips drops are everywhere.
  • #2,131
  • May 7, 2010 8:25am May 7, 2010 8:25am
Because of our Hung Parliament.. bankers aren't happy with it!!
  • #2,132
  • Edited 2:11am May 9, 2010 12:25am | Edited 2:11am
Quoting ozzieb88
Because of our Hung Parliament.. bankers aren't happy with it!!
Although fear of the European debt crisis spreading was the original cause for selloffs, what we saw on Thursday was due to technical errors upon entering the amount for short trades in Procter & Gamble and other stocks, as the Dow Jones took a nosedive about 1000 points and naturally triggered GU and EU to plummet as well.

EDIT:

The aftermath is always interesting after a rare event like this, so looking forward to Monday. Who ever said trading is boring?
  • #2,133
  • May 10, 2010 1:04am May 10, 2010 1:04am
nice week start
Attached Image (click to enlarge)
Click to Enlarge Name: 168.JPG Size: 113 KB
Invest in alarm clocks
  • #2,134
  • May 10, 2010 6:17am May 10, 2010 6:17am
Quoting Tony112
nice week start
Tony,

Are you still following the rules from page 1? If yes, do u watch your charts for those large candles or do u have an alert system for that?
  • #2,135
  • May 10, 2010 7:28am May 10, 2010 7:28am
Quoting Hwd
Tony,

Are you still following the rules from page 1? If yes, do u watch your charts for those large candles or do u have an alert system for that?


no manually.... i just banked 120 pips on that previous trade
Invest in alarm clocks
  • #2,136
  • May 10, 2010 7:42am May 10, 2010 7:42am
im a trading expert now
Attached Image (click to enlarge)
Click to Enlarge Name: 169.JPG Size: 116 KB
Invest in alarm clocks
  • #2,137
  • May 10, 2010 9:45am May 10, 2010 9:45am
Really nice Tony, I've been following this thread for a while now, this is kick-ass RR ratio! I am tempted to try this myself...
  • #2,138
  • May 10, 2010 11:36am May 10, 2010 11:36am
Tell me some of you guys grabbed 120+ pips on that large GU drop when it just broke support over support.

Perfect trade, you didn't even have to use a stop loss for it.
  • #2,139
  • May 10, 2010 12:22pm May 10, 2010 12:22pm
Hi Guys

Hope you can help Ive been searching for the gizmo that can give me 10 secs bar charts could you post it again please

cheers

paulus
  • #2,140
  • May 10, 2010 12:54pm May 10, 2010 12:54pm
Quoting Tony112
nice week start
I am surprised you didn't get stopped out of this one. I put it at BE and I got stopped and then it completely reversed after 1 pip.
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