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  • #260,321
  • Jun 19, 2010 8:03am Jun 19, 2010 8:03am
Quoting Carnegie
Sorry if the question is not supposed to be in this forum but since there are people always online here so I might aswell ask it here..

Do many of you use OANDA? And how do you like it? Is the order execution fast even on low liquidity?

thanks..

I love them I think they are the best!!!
only in news time are they not great.
but wait 40 seconds and you are good to go.

teb
  • #260,322
  • Jun 19, 2010 8:24am Jun 19, 2010 8:24am
Quoting Carnegie
Sorry if the question is not supposed to be in this forum but since there are people always online here so I might aswell ask it here..

Do many of you use OANDA? And how do you like it? Is the order execution fast even on low liquidity?

thanks..
I've had an account with Oanda since the Refco collapse in 2005. I've tried other brokers from time to time, but have always gone back to Oanda.

A lot of traders consistently blame their broker when they lose money or get margin called, so it's often difficult to decipher the good from the bad.

If you look at it from a pure business model, Oanda practically never advertises their services, yet they are one of the largest FX clearing houses. Most accounts are opened in this exact manner, word of mouth referral. That alone says a lot about the company.
Capital Preservation is key to long term wealth accumulation
  • #260,323
  • Jun 19, 2010 9:39am Jun 19, 2010 9:39am
Latest trading action

http://img8.imageshack.us/img8/9451/new1ih.jpg
  • #260,324
  • Jun 19, 2010 9:54am Jun 19, 2010 9:54am
Quoting EasySt
The thing about the USDx is that it's not a leading indicator. It is mostly just telling you what the E/U is already doing since 57% of the index is compared to Euro. So IMHO the USDx is least useful for the E/U pair. If anything it is just a watered down version with more noise added.
*L* you should look at major s/r on usdx before we got to these areas a year ago. they were the same then as they are today. and the eu stopped on a dime in reflection of them. to the pip.
those who can, do. those who cant, talk about those who can
  • #260,325
  • Jun 19, 2010 10:24am Jun 19, 2010 10:24am
Quoting EasySt
The thing about the USDx is that it's not a leading indicator. It is mostly just telling you what the E/U is already doing since 57% of the index is compared to Euro. So IMHO the USDx is least useful for the E/U pair. If anything it is just a watered down version with more noise added.
red tl says it all. it corresponds with eu levels i have.. it also corresponds with fibs i have.
usdx may find support at 8517 or 8417 dtl. current low 8541..so whatever the pip ratio is to eu it may go up accordingly. but that tl and those fibs are not on any daily chart. so a wide range until broken one way or the other is my game plan. i lost some charts so i did miss this admittedly when we hit it. since i got off my lazy ass and started working building new ones. the point is they do correspond. but you will not see it on a daily or smaller chart. usdx would be hard to spot even on a weekly tf. buy the bottom /sell the top.. the top is elusive now. but we know where the bodies are buried. someone posted 2450 ish... it should correspond to usdx 6517...it looks like a nice place to put a ceiling fan at. we will c if its a temp ceiling or a hard one. or if 2410 is one since it also corresponds with eu levels. many others not included.. we have to wait on pa..

happy trading
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those who can, do. those who cant, talk about those who can
  • #260,326
  • Edited 11:06am Jun 19, 2010 10:37am | Edited 11:06am
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  • #260,327
  • Jun 19, 2010 10:41am Jun 19, 2010 10:41am
I just send this out to my mail list for the trend on Sunday night and more Monday.

If you want to be on the mail list just email me at

[email protected]
TEBhttp://cdn.forexfactory.com/images/s...m/big_grin.gif


Date: for June 16-17 Trend Strength

Eur/Usd 1 to 4 no trend (Neutral).
Eur/Gbp Bear 5


Eur/Jpy Bear 5
Usd/Jpy 1 to 4 no trend (Neutral).

Usd/Cad Bear 5
Aud/Usd Bull 5


Gbp/Usd Bull 5
Usd/Chf Bear 5

Crude Oil Bull 8
Natural Gas Bull 8

Key
Trend
Bear (down)
Bull (up)
Strength
7 & 8 Strong trend
5 & 6 Weak trend
1 to 4 no trend (Neutral)

I look to trading only 7 & 8 Strong trend
I will not trend trade 4 or below, no trend no trade.

Non Trade Days ie. 1. Interest rate 2. Non farm payroll 3. Holidays 4. Elections

· Best to trade a pair that does business in the time you are trading.
· The best days to trade trend are Tues, Wed, Thru.
· Worst times are Sunday night and Friday after 12noon EST.
· Only trade with the trend, use whatever set up you like.
· You make money on the exit!!!

Trading Idea for the day (Sunday and Monday)
No trend trading : Until the euro makes up its mind
The pairs will not be trending

Training is risky, trade at your own risk!!!!
  • #260,328
  • Jun 19, 2010 10:52am Jun 19, 2010 10:52am
Quoting TEB63
I just send this out to my mail list for the trend on Sunday night and more Monday.

If you want to be on the mail list just email me at

[email protected]
TEBhttp://cdn.forexfactory.com/images/s...m/big_grin.gif


[FONT=Times...

hi dear,

on what basis u decide number of trend?
  • #260,329
  • Jun 19, 2010 11:30am Jun 19, 2010 11:30am
Hi, everyone!

hope all are enjoying the weekend and taking a break from the markets. I'd like to share this website that was recommended to me by a professor at the MSFE program at my school. This is a website made by this guy named Dr. Brett Steenbarger who has been in the markets for quite some time now, but he focuses heavily on the psychological aspects of trading. This page has a TON of very valuable articles that help traders overcome the difficult mental blocks that we all experience in trading. I've been reading these articles for some time now, and looking back in retrospect, reading these pieces has dramatically improved my trading. Anyways here it is, enjoy.....

http://brettsteenbarger.com/articles.htm
  • #260,330
  • Edited 1:24pm Jun 19, 2010 11:31am | Edited 1:24pm
getting caught up...don't know if you guys saw this..
http://www.forexlive.com/114194/all/...an-flexibility


oh, and Gator!!! Did you get your charts back now man?!?!? I saw you said something about them some pages back..

edit:nevermind, I c ur drawing up some new ones
  • #260,331
  • Jun 19, 2010 12:42pm Jun 19, 2010 12:42pm
Quoting Carnegie
Sorry if the question is not supposed to be in this forum but since there are people always online here so I might aswell ask it here..

Do many of you use OANDA? And how do you like it? Is the order execution fast even on low liquidity?

thanks..
I am really pleased with them. no problems okay the spreads increase during news time but that about the only problem .
  • #260,332
  • Jun 19, 2010 12:45pm Jun 19, 2010 12:45pm
Thanks for all the answers about the broker..

Anyway, anyone checking out USDCHF weekly? That's a nice candle..
  • #260,333
  • Jun 19, 2010 1:42pm Jun 19, 2010 1:42pm
quote from that zero hedge article.

Quote
The SNB has reported a CHF 3b loss from Euro holdings in March. Based on the close today and an estimated Euro 50b intervention in the past 75 days and you have a mark to market loss of CHF 8.4b. That may not sound like a big number, but you have to consider this in the context of Switzerland's GDP which is small. The 8.4b loss for the SNB would be equivalent to a $200 billion loss for the Fed. So actually this is a very big deal.
  • #260,334
  • Jun 19, 2010 1:55pm Jun 19, 2010 1:55pm
Quoting Carnegie
Anyway, anyone checking out USDCHF weekly? That's a nice candle..
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  • #260,335
  • Jun 19, 2010 2:02pm Jun 19, 2010 2:02pm
Quoting uraceulose
quote from that zero hedge article.

How many of you watch every pair to see what is in the action at the moment? Do you trade every pair?
Do you have some favorites?
If you do trade lots of currencies, how do you find the ones that are moving? And how do you find them before the move is over?
  • #260,336
  • Jun 19, 2010 2:29pm Jun 19, 2010 2:29pm
I don't put the though out that we could push a little bit higher towards the larger shorts. I'm sure that last weeks covering rally shook out a lot of the weak shorts. With that being said, bulls might still try to cover a few more shorts.....I also wouldn't discount the fact that with volumes decreasing due to illiquid holiday (July 4) and summer trading conditions coming into effect, we could see a bunch of consolidation up here in the range from 1.2150-1.2645 until mid-July to August. Here's my chart.....
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  • #260,337
  • Jun 19, 2010 2:37pm Jun 19, 2010 2:37pm
Quoting swingtrader
hi dear,

on what basis u decide number of trend?

I look at the week, day and 4 hour charts

cheers

teb
  • #260,338
  • Jun 19, 2010 3:14pm Jun 19, 2010 3:14pm
Tax dollars as usual being well spent...
http://finance.yahoo.com/news/Obama-...16155.html?x=0
  • #260,339
  • Jun 19, 2010 4:47pm Jun 19, 2010 4:47pm
Quoting [b]
If we talking about debt and "Debt restructuring" - take look and enjoy this movie. Is very enlightening => http://tinyurl.com/usd-debt


Haven't checked out the link yet but welcome to the forum bud.

Donnie
  • #260,340
  • Jun 19, 2010 4:54pm Jun 19, 2010 4:54pm
Ok here is a chart of my overall sentiment, long term bear, short term retracement small bull for how long??? Dont know but hopefully we will see correction in the short future. I am pending to buy at 1.2350 after watching the gap on sunday. I have posted my reasoning on the charts. Please I offer your opinion on my output here.

Thank you.
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