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I think Oanda FXTrade is unreliable

  • #201
  • May 14, 2010 10:27am May 14, 2010 10:27am
Quoting pipmutt
hehe, I'm saving all these little gems and I'm going to write a book when I retire, it's going to be a best seller in the comedy section!

Heck, there's enough material for a couple of sequels, maybe even a movie! I wonder if Tom Hanks will be available....."Forex forums are like a box of chocolates... you never know what you're gonna get when you open a thread!”

I'm off for a stiff drink, my sides are hurting......
Considering I don't know how to use Google, will you help me out? Is this scalping?

And while you're answering, will you point out to me all the lagging quotes, slipped trades and other claims of fraud that I was too stoopid to see today? I'm sure Oanda has robbed me blind!

This is only about a 1/4 of my activity for the day so you'll have to excuse my stupidity for not knowing how to show the whole picture- I couldn't find the 'how to' info on Google, ya know, not knowing how to use it and all...

http://i40.tinypic.com/2eqgcqh.gif
  • #202
  • May 14, 2010 10:35am May 14, 2010 10:35am
that was a horrible joke pipmutt, and if that's the kind of stuff your going to write in your book or script for your "forex" movie, it will definitely flop.
  • #203
  • May 14, 2010 10:37am May 14, 2010 10:37am
Quoting bugscoe
Is this scalping?
Not in it's true sense of the word, no. Read the link I posted earlier if you want to educate yourself.

Quoting bugscoe
I'm sure Oanda has robbed me blind!
More than likely they have, yes.

Quoting bugscoe
This is only about a 1/4 of my activity for the day so you'll have to excuse my stupidity for not knowing how to show the whole picture- I couldn't find the 'how to' info on Google, ya know, not knowing how to use it and all...
That's ok, you'll get the hang of it sometime.

Not that impressive but now post blotters for the past few months to show it wasn't a one off....oh and also volume, very important.
  • #204
  • May 14, 2010 10:42am May 14, 2010 10:42am
Quoting Monroe
that was a horrible joke pipmutt, and if that's the kind of stuff your going to write in your book or script for your "forex" movie, it will definitely flop.
Are you kidding, with Tom Hanks, it's a box office smash in the making!

Anyway what was a 'horrible joke'?
  • #205
  • May 14, 2010 10:43am May 14, 2010 10:43am
LOL "not in the true sense of the word" ahh man, get a life.

I love these FF threads. biggest joke around in the forex world.
  • #206
  • May 14, 2010 10:43am May 14, 2010 10:43am
oh here we go again...

hard to dispute that that isn't scalping...let alone then continue to ask for evidence of profitability, that is besides the entire point!
  • #207
  • May 14, 2010 10:45am May 14, 2010 10:45am
Quoting pipmutt
Not that impressive but now post blotters for the past few months to show it wasn't a one off.
And once I do that you'll want a year, and once I do that you'll want 5 years, and once I do that you'll claim I'm a photoshop whiz, and on and on and on.

Now about your screen shots of fraud?

I'm still waiting for an answer to this:

Quoting bugscoe
Let me get this straight- you're directing me to use Google to search for YOUR claims of fraud?

Why are you unable to present the evidence yourself?

You're the one who has come here making the accusations, along with jimmybob, and now you're telling me and the rest of us you can't be bothered with providing any actual proof!?

Brilliant.
Or are you going to stick to the deflect and name calling schtick?
  • #208
  • May 14, 2010 10:48am May 14, 2010 10:48am
Quoting Sim
scalping or scapling as i've seen it called here is the hardest form of trading
Really? I think it's actually easier to catch small moves on momentum than it is to predict future market sentiment. Admittedly it gets harder as size increases but I think it's still workable, well it has been from my experience anyway.
  • #209
  • May 14, 2010 10:53am May 14, 2010 10:53am
Quoting pipmutt
Really? I think it's actually easier to catch small moves on momentum than it is to predict future market sentiment. Admittedly it gets harder as size increases but I think it's still workable, well it has been from my experience anyway.
Hey Pip, yup, i would agree with this but i'm afraid i have to put my Dunce hat on and go sit in the corner because i can't see the real problem with Oanda et al (at least over and above the fact they are merely a representaion of the market, not the market itself, which i'm used to and can make provisions for).

I'm beginning to think i'm missing something bigger here, and probably not for the first time
  • #210
  • May 14, 2010 10:53am May 14, 2010 10:53am
Quoting bugscoe
And once I do that you'll want a year, and once I do that you'll want 5 years, and once I do that you'll claim I'm a photoshop whiz, and on and on and on.
Nope, 6 months worth of blotters should do it......but like Sim says it's not relevant to the discussion because no-one is disputing that it's possible to trade short-term on Oanda, I've done exactly that myself for years.

Google is your friend bug, use it!
  • #211
  • May 14, 2010 10:54am May 14, 2010 10:54am
future market sentiments is easy actually, just not my style when you can profit much more quickly from scalping and trade in almost any market condition. With big size, it definitely gets a bit harder.
  • #212
  • May 14, 2010 10:55am May 14, 2010 10:55am
Quoting pipmutt
Really? I think it's actually easier to catch small moves on momentum than it is to predict future market sentiment. Admittedly it gets harder as size increases but I think it's still workable, well it has been from my experience anyway.
I think that's the main problem here.. we're all drawn to scalping in the beginning but in practice predicting future market sentiment with normal TA is way easier...in general of course
  • #213
  • May 14, 2010 10:55am May 14, 2010 10:55am
Quoting Sim
oh here we go again...

hard to dispute that that isn't scalping...
It isn't, read the link.
  • #214
  • May 14, 2010 10:57am May 14, 2010 10:57am
in the link, it describes that as scalping.
  • #215
  • May 14, 2010 10:57am May 14, 2010 10:57am
can you see that the problem is you're believing a link over people with first hand experience in the matter?

you're taken the link's unfounded concepts as gospel truth and preaching to people who have proven concepts?
  • #216
  • May 14, 2010 10:59am May 14, 2010 10:59am
Quoting Monroe
future market sentiments is easy actually, just not my style when you can profit much more quickly from scalping and trade in almost any market condition. With big size, it definitely gets a bit harder.
Why not do both? I have long term positional trades with one broker and then frequent short term intraday trades (which you define as 'scalping') with another. 3, 4 or 500 pips a day is perfectly achievable, sometimes out of only 1 or 2c moves.
  • #217
  • May 14, 2010 11:01am May 14, 2010 11:01am
Quoting Monroe
in the link, it describes that as scalping.
Not that I could see, you must be reading a different link or perhaps misunderstanding what you're reading, can you quote the text?
  • #218
  • May 14, 2010 11:02am May 14, 2010 11:02am
Quoting Sim
I think that's the main problem here.. we're all drawn to scalping in the beginning but in practice predicting future market sentiment with normal TA is way easier...in general of course
But as Monroe said, not as profitable and in fact more risky too.
  • #219
  • May 14, 2010 11:05am May 14, 2010 11:05am
Quoting pipmutt
But as Monroe said, not as profitable and in fact more risky too.
Yep, but still sorta beside the point. And could become circular, because increased frequency of trades = increased exposure

but..

also means increased risk control... more precision of entries.

Profitability can again become totally relative to the trader.

In general however I agree it is riskier and less profitable, hence there are many more non-scalpers than there are scalpers. But this does not work to disprove that they are profiting from it, furthermore making more ROI than they would be by not scalping.
  • #220
  • May 14, 2010 11:06am May 14, 2010 11:06am
Quoting AstonDan
Hey Pip, yup, i would agree with this but i'm afraid i have to put my Dunce hat on and go sit in the corner because i can't see the real problem with Oanda et al (at least over and above the fact they are merely a representaion of the market, not the market itself, which i'm used to and can make provisions for).

I'm beginning to think i'm missing something bigger here, and probably not for the first time
There isn't a problem with Oanda.....providing you devise ways to compensate for the 'issues' mentioned, or if not compensate then at least be aware of them. Don't get me wrong, it's still possible to profit which is why I still trade an account there, but knowing the (potential) pitfalls can only be a benefit.
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