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Cable Update (GBPUSD)

  • #234,581
  • Jun 30, 2010 1:32am Jun 30, 2010 1:32am
Quoting Privet
I have 5/8. try on M30. I think it so better
I will take a look. Used to have a different template/system I looked at that used 5/8. Since magix has put so much work into his I figured I'd work with it to start. I have got caught up in chasing and trying so many things and think I need to find one and stick with it awhile. I really like the simplicity of Magix's system. I used to try to use so many indicators that it was ridiculous. I have also learned a lot from reading Coggie's posts and he keeps it real clean on the charts.
  • #234,582
  • Jun 30, 2010 1:34am Jun 30, 2010 1:34am
Bad housing figures out. Wedge still in-tact, but for how long.
Looking for a short if support breaks.
The markets can remain irrational longer than you can stay solvent. -Keynes
  • #234,583
  • Jun 30, 2010 1:36am Jun 30, 2010 1:36am
They are OK, and you will be able to win a lot for a long time, but after a couple of years they will most definitely change the rules to stop you. I know someone who is now linked to them and he confirmed that they have a team in place to combat consistent winners.

I used to bet on very short term moves with great success - I think longer term bets may be easier for them to handle and perhaps hedge.
I've got my pips - go get yours!
  • #234,584
  • Jun 30, 2010 1:45am Jun 30, 2010 1:45am
I am am tormented with vague doubts that we can go to 1,51 **

Buy: 1.5138 Take profit: 1.5218
Sell: 1.4973 Take profit: 1.4930
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  • #234,585
  • Jun 30, 2010 1:51am Jun 30, 2010 1:51am
i still in short side...
unless 5150 break..then i play long...
just new to look for better entry to short..
with small SL..
Revesal Trader
  • #234,586
  • Jun 30, 2010 2:10am Jun 30, 2010 2:10am
Quoting mygoldenpips
hard to find good and decent broker for small trader like me...
Try FXCM. They are fair.
  • #234,587
  • Jun 30, 2010 2:14am Jun 30, 2010 2:14am
Quoting BackTestDummy
They are OK, and you will be able to win a lot for a long time, but after a couple of years they will most definitely change the rules to stop you. I know someone who is now linked to them and he confirmed that they have a team in place to combat consistent winners.

I used to bet on very short term moves with great success - I think longer term bets may be easier for them to handle and perhaps hedge.
Indeed would thank you to know how any broker can do this consistently. If you place PO then they can hardly budge it. If you place MO then they may not execute it - same as most brokers do.
  • #234,588
  • Jun 30, 2010 3:23am Jun 30, 2010 3:23am
Quoting vilas
Try FXCM. They are fair.
FXCM fair??? They are the greatest stop-chasing, small account breakers that exist! Anyone but them!! After a horrific experience with FXCM 2 years ago, I found FX Solutions and started with a micro account .. have not had any problems and no stop-chasing! There are other good ones as well, but .. avoid FXCM if you want to keep your acct.
******************* I'd rather make money than be right.
  • #234,589
  • Jun 30, 2010 3:31am Jun 30, 2010 3:31am
Quoting 4xStar
FXCM fair??? They are the greatest stop-chasing, small account breakers that exist! Anyone but them!! After a horrific experience with FXCM 2 years ago, I found FX Solutions and started with a micro account .. have not had any problems and no stop-chasing! There are other good ones as well, but .. avoid FXCM if you want to keep your acct.
I have never had a issue with FXCM in 18 months of trading with them. Further, this 'brokers stop chasing/hunting' is just pure bullshit. If you don't think so, try this.....open 3 accounts with 3 different brokers. Open the same chart in all brokers and you will see the PA damn close to exactly the same in each chart. Brokers have bigger fish to fry than one to spend the energy chasing one micky mouse traders stop loss.....and if the broker was doing it, why does it show the same pa on the other brokers?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #234,590
  • Jun 30, 2010 3:36am Jun 30, 2010 3:36am
Quoting realjumper
I have never had a issue with FXCM in 18 months of trading with them. Further, this 'brokers stop chasing/hunting' is just pure bullshit. If you don't think so, try this.....open 3 accounts with 3 different brokers. Open the same chart in all brokers and you will see the PA damn close to exactly the same in each chart. Brokers have bigger fish to fry than one to spend the energy chasing one micky mouse traders stop loss.....and if the broker was doing it, why does it show the same pa on the other brokers?
All I know is when I was with FXCM all my stops were hit even if I did not see that price hit on another feed & I always use a separate feed to watch price, often 2. They pulled another couple of tricks to further destroy my account. If you google them you will find tons of complaints, and mostly from people with smaller accounts, seems to be their speciality. I know some larger traders are satisfied with them, but IMHO they are among the worst of a decadent lot.
******************* I'd rather make money than be right.
  • #234,591
  • Jun 30, 2010 3:36am Jun 30, 2010 3:36am
Quoting 4xStar
FXCM fair??? They are the greatest stop-chasing, small account breakers that exist! Anyone but them!! After a horrific experience with FXCM 2 years ago, I found FX Solutions and started with a micro account .. have not had any problems and no stop-chasing! There are other good ones as well, but .. avoid FXCM if you want to keep your acct.
How small is the small account you mentioned?
My account is slightly above 50k but below 100k (this is relatively small), been with fxcm for almost 4 years, never had the kind of problems you mentioned.
Thank You
  • #234,592
  • Jun 30, 2010 3:37am Jun 30, 2010 3:37am
Hmm .. GBP didn't like the good news....
******************* I'd rather make money than be right.
  • #234,593
  • Jun 30, 2010 3:38am Jun 30, 2010 3:38am
Quoting vilas
Try FXCM. They are fair.
i only newbie..
with small capital..
trying to look better and decent broker..
i use iko.fx for 4digit broker
and exness for 5digit broker..
exness got execution issues..
hard to close and to open pos..
but the best part part is..w/d so damm fast..just to a couple min to 2hour max to withdraw
Revesal Trader
  • #234,594
  • Jun 30, 2010 3:41am Jun 30, 2010 3:41am
Quoting mygoldenpips
i only newbie..
with small capital..
trying to look better and decent broker..
i use iko.fx for 4digit broker
and exness for 5digit broker..
exness got execution issues..
hard to close and to open pos..
but the best part part is..w/d so damm fast..just to a couple min to 2hour max to withdraw
I have accounts with fxcm & oanda.
both are decent. withdrawals are immediate & fxcm claims 3 - 5working days to get the money you withdrew into your acct. I usually get mine within 1 working day.
Thank You
  • #234,595
  • Jun 30, 2010 3:41am Jun 30, 2010 3:41am
Quoting wormboy
How small is the small account you mentioned?
My account is slightly above 50k but below 100k (this is relatively small), been with fxcm for almost 4 years, never had the kind of problems you mentioned.
I'm talking about accounts under 5k, mine was 3k .. if you check with people who have opened those small accounts with them, you will hear horror stories. Guess they take better care of their more well-off customers. But if you have to start small, someone like FX Solutions is the place to be .. you can start with $500 & they leave you alone to learn & grow.
******************* I'd rather make money than be right.
  • #234,596
  • Jun 30, 2010 3:42am Jun 30, 2010 3:42am
Quoting 4xStar
All I know is when I was with FXCM all my stops were hit even if I did not see that price hit on another feed & I always use a separate feed to watch price, often 2. They pulled another couple of tricks to further destroy my account. If you google them you will find tons of complaints, and mostly from people with smaller accounts, seems to be their speciality. I know some larger traders are satisfied with them, but IMHO they are among the worst of a decadent lot.
That's the nature of human beings.....100 dissatisfied customers will scream and shout fom the roof tops, while the thousands of happy customers will quietly keep on keeping on!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #234,597
  • Jun 30, 2010 3:42am Jun 30, 2010 3:42am
Quoting vilas
Indeed would thank you to know how any broker can do this consistently. If you place PO then they can hardly budge it. If you place MO then they may not execute it - same as most brokers do.
BetonMarkets is a very different company - they are not a Broker they are a Bookmaker. They offer bets such as 'the market will be higher in 10 minutes' - in trending markets this is a fairly easy bet to get right more times than wrong. I had a method which worked exceptionally well, for around two years I made a lot of money - then they decided to remove the 4th digit after the decimal point - this meant that it had to move at least 10 points in 10 minutes for a win to be possible.

I looked at the site again recently and saw that they have now changed it back to a fairer margin, but wouldn't bother with them as I know they will soon change the rules again if I (or anyone else) wins big. As mentioned earlier - they are a bookmaker - they can't hedge their position (as it will only require the market to move 2 or 3 points to decide the outcome) and will withdraw or change the bet terms if it is losing them money.
I've got my pips - go get yours!
  • #234,598
  • Jun 30, 2010 3:43am Jun 30, 2010 3:43am
Quoting wormboy
I have accounts with fxcm & oanda.
both are decent. withdrawals are immediate & fxcm claims 3 - 5working days to get the money you withdrew into your acct. I usually get mine within 1 working day.
He says he has a very small account .. as per my post below, I can only warn him to stay far away from FXCM. Last post on this subject, but after what they did to me, I cannot remain silent.
******************* I'd rather make money than be right.
  • #234,599
  • Jun 30, 2010 3:44am Jun 30, 2010 3:44am
Quoting realjumper
That's the nature of human beings.....100 dissatisfied customers will scream and shout fom the roof tops, while the thousands of happy customers will quietly keep on keeping on!
OK .. one more post: google will tell the story ..FXCM has a huge number of dissatisfied ex customers.
******************* I'd rather make money than be right.
  • #234,600
  • Jun 30, 2010 3:45am Jun 30, 2010 3:45am
Quoting 4xStar
I'm talking about accounts under 5k, mine was 3k .. if you check with people who have opened those small accounts with them, you will hear horror stories. Guess they take better care of their more well-off customers. But if you have to start small, someone like FX Solutions is the place to be .. you can start with $500 & they leave you alone to learn & grow.
My FXCM account began as a $600 account......it's currently showing over 200 fold increase!
Doing what you like is Freedom. Liking what you do is Happiness.
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