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  • #2,561
  • Jul 1, 2010 3:36pm Jul 1, 2010 3:36pm
Quoting vasude
hi,
if the pair want to move to move 100 pips means ,how much they will send inside the market ,any thoughts...
Usually the cumulative depth is about 40-50M (2-3 full PIPs) but you have to take into account the possible buy/sell side manipulation (added limit orders which then may be removed without fills). Also there can be caps because of fast order flow. I do not know how much this affects to the moving and how.

SG
  • #2,562
  • Jul 1, 2010 4:11pm Jul 1, 2010 4:11pm
Quoting scalpguy
If you look "every tick" you may/should see your trade. 4M is such a small quantity that it does not "move" the markets.

Btw. Just looking the depth information you can estimate the situation easily.

Im using Interactive Brokers and I can see 3-5 level (0.5 PIP steps) depht of their Fx network. Very useful when doing bigger positions and reading the tape.

SG
hi scalpguy....

can you tell, what kind of charting software interactive brokers is using...
is it a 3rd party software? how much is it ? is it easy to use?

thanks.
  • #2,563
  • Jul 1, 2010 4:46pm Jul 1, 2010 4:46pm
Quoting ForexSV
hi scalpguy....

can you tell, what kind of charting software interactive brokers is using...
is it a 3rd party software? how much is it ? is it easy to use?

thanks.
I hope this is not too off-topic:

I've been using Amibroker for the years and I really can recommend it for you. Currently I trade through it's Auto Trading Interface directly from the charts.

I am not sure how good choice it is for you because it requires some programming skills but it does *everything* what I need. One limitiation it has and it is if you want to view imported history charts tick-by-tick it does not handle it. The shortest time frame is 5 seconds. Realtime captured history quotes can be seen and handled tick-by-tick.

If you are not familar with the application programming then here is 2 very robust front-ends to use with IB (I have been using both of them):

- BracketTrader
- ButtonTrader

Interactive brokers have it's own charting/trading package called TWS. It works also but i have not liked it ever... I use it only for the backup purposes.

Hope this helps.

SG

btw. IB gives very fast fills (no requotes or similar) and they have not inlucded their commissions to the spread. They charge 0.4 PIP for commissions / round-trip. If you do volume I suggest you to join GLobex Incentive Program and trade through the futures (6E) to receive really low commissions and fully exchange regulated trading.
  • #2,564
  • Jul 1, 2010 5:00pm Jul 1, 2010 5:00pm
Tony,

nice to know that someone else trades from the low TF charts too and sounds very succesfull too. One thing I would like to contribute to you is you also could think a bit if you could add to your position.

Once only, double and as early as possible.

Maybe few more stop losses faced but think about the boost to your allready good Reward Risk ratio... 3 PIP risk and 140 pip profit gives 46.67 alone but with that add it gives about 91 (if added @+5 pip for example).

SG
  • #2,565
  • Jul 1, 2010 5:16pm Jul 1, 2010 5:16pm
Quoting scalpguy
I hope this is not too off-topic:

I've been using Amibroker for the years and I really can recommend it for you. Currently I trade through it's Auto Trading Interface directly from the charts.

I am not sure how good choice it is for you because it requires some programming skills but it does *everything* what I need. One limitiation it has and it is if you want to view imported history charts tick-by-tick it does not handle it. The shortest time frame is 5 seconds. Realtime captured history quotes can be seen and handled tick-by-tick.

If you...
scalpguy...

Thanks a lot !!!
  • #2,566
  • Jul 2, 2010 8:05am Jul 2, 2010 8:05am
GUYS, good morning. Now, I don't even know how to put this in words. I just woke up to realize that the LONDON OPEN took my trade to a point of no return... from the initial opening direction. I am extremely impressed on the number of times this happens in a year. The initial stop-loss for that trade was 2 pips. Have a wonderfull week-end.
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Invest in alarm clocks
  • #2,567
  • Jul 2, 2010 10:18am Jul 2, 2010 10:18am
Blessings, Monk E.
  • #2,568
  • Jul 2, 2010 2:26pm Jul 2, 2010 2:26pm
Just have a quick question: the 8 pips gap is (Open-Close) or (High-low) ?
  • #2,569
  • Jul 3, 2010 2:56pm Jul 3, 2010 2:56pm
Hi Tony

Could you give me some ideas how many pips you can make during a trading Weak?

Thanks

Alfredo
  • #2,570
  • Jul 4, 2010 11:25am Jul 4, 2010 11:25am
my ex-girlfriend... I feel like calling her

Inserted Video
Invest in alarm clocks
  • #2,571
  • Jul 4, 2010 7:29pm Jul 4, 2010 7:29pm
I just read all 172 pages over the last 2 days. I plan on trying it out starting tonight for Frankfurt and London open. Thanks Tony.
  • #2,572
  • Jul 4, 2010 9:29pm Jul 4, 2010 9:29pm
Quoting Beta4x
I just read all 172 pages over the last 2 days. I plan on trying it out starting tonight for Frankfurt and London open. Thanks Tony.
if you took all that time reading the thread, I can reassure you by honestly telling in you that this system makes me money safely... and that you have invested your reading time in good place.... thing that doesn't apply to many threads here... so you're pretty lucky... I'm not a hater but I am a realistic person and I like to say the truth about some things..
Invest in alarm clocks
  • #2,573
  • Jul 4, 2010 9:34pm Jul 4, 2010 9:34pm
I would like to try out this system sometime. Problem is I use MT4 and as such don't have access to 5-second charts so it would be hard to see the 8-plus-pip-5-second-move.

I was looking at a few MT4 indicators in this thread but the hitrate seems to be a hit or a miss, even if it was a true 8 pip in 5 seconds move.
  • #2,574
  • Jul 5, 2010 1:05am Jul 5, 2010 1:05am
my first frankfurt open... slow!
  • #2,575
  • Jul 5, 2010 2:05am Jul 5, 2010 2:05am
London open... not quite like friday (see above)
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Invest in alarm clocks
  • #2,576
  • Jul 5, 2010 2:08am Jul 5, 2010 2:08am
I didn't take that trade.
  • #2,577
  • Jul 5, 2010 2:14am Jul 5, 2010 2:14am
I'm done for the night. No trades but still a winner because I didn't lose any

Market will might slow/odd due to beginning of week and US holiday. Wish you luck Tony. Watch for the GU 1.5200 level. Be back tomorrow same time.
  • #2,578
  • Jul 5, 2010 2:18am Jul 5, 2010 2:18am
yup, see ya I'll still be up for 8AM Montreal Open LOL
Invest in alarm clocks
  • #2,579
  • Jul 5, 2010 3:00am Jul 5, 2010 3:00am
Hello Tony

I have read some posts ago to be tuned for the rules update.

when are you going to update the new rules in the first page?

I would like to have a reply from you, and not from other member that uses this system for less than 3 months, and gives his best to guess what are your new rules.

I can read your posts and try to guess, but for shore i will miss something.

Will you be so kind to share?

Thanks


Alfredo
  • #2,580
  • Jul 5, 2010 8:01am Jul 5, 2010 8:01am
I'm with you on that Alfredo, I would really like to see some updated rules.

Please can you give us an update Tony?
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