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  • #2,941
  • Jul 19, 2010 3:23am Jul 19, 2010 3:23am
lol

ok that was just me being stupid

nice coup btw
  • #2,942
  • Jul 19, 2010 3:24am Jul 19, 2010 3:24am
Well I chickened out... I was aiming for 1.3000 but I had to pull it for +100 pips (watch it hit 1.3000 in seconds now)! Beautiful trade though, thanks Tony!

Dan
  • #2,943
  • Jul 19, 2010 3:27am Jul 19, 2010 3:27am
Quoting DanUK
Well I chickened out... I was aiming for 1.3000 but I had to pull it for +100 pips (watch it hit 1.3000 in seconds now)! Beautiful trade though, thanks Tony!

Dan
That is why I closed 2/3 of my trade and left the rest open. I dont have the guts to risk losing out on +100 pips, lol.
  • #2,944
  • Jul 19, 2010 3:30am Jul 19, 2010 3:30am
Quoting DanUK
Well I chickened out... I was aiming for 1.3000 but I had to pull it for +100 pips (watch it hit 1.3000 in seconds now)! Beautiful trade though, thanks Tony!

Dan
15min chart also shows lower low and lower high along with a reversal candle to the downside... So might of been a good move to close for +100.
  • #2,945
  • Jul 19, 2010 3:38am Jul 19, 2010 3:38am
i'm also afraid of massive reversal

moved my SL manually to 1.296
  • #2,946
  • Jul 19, 2010 3:46am Jul 19, 2010 3:46am
Move my Trailing Stop to +75 pips ......
  • #2,947
  • Jul 19, 2010 3:50am Jul 19, 2010 3:50am
So one need an ECN broker to be able set a 2 pips sl. Or anybody using it with a little bit bigger sl as 5 pips??? Sure when market is good as it was last friday and today no matter the stop size.
  • #2,948
  • Jul 19, 2010 4:15am Jul 19, 2010 4:15am
Finally +80 pips..... now letīs wait till NY open
  • #2,949
  • Jul 19, 2010 4:23am Jul 19, 2010 4:23am
Hello actually im trading with 2.5 pips for EUR/USD, as i see this strategy can be very good if your spread is 0.9 or less.

You guys are having this spread without extra comissions? If thats its true can you tell me in wicch broker? Thank You
Greetings, BeLikewater
  • #2,950
  • Jul 19, 2010 4:51am Jul 19, 2010 4:51am
Quoting BeLikeWater
Hello actually im trading with 2.5 pips for EUR/USD, as i see this strategy can be very good if your spread is 0.9 or less.

You guys are having this spread without extra comissions? If thats its true can you tell me in wicch broker? Thank You

Take a look at Oanda, spread is 0.9 pips for e/u (at times of normal liquidity) and there are no more commissions to pay

(Sorry if answer is slow, this is one of my first posts )
  • #2,951
  • Jul 19, 2010 5:14am Jul 19, 2010 5:14am
Quoting BeLikeWater
Hello actually im trading with 2.5 pips for EUR/USD, as i see this strategy can be very good if your spread is 0.9 or less.

You guys are having this spread without extra comissions? If thats its true can you tell me in wicch broker? Thank You
Most of traders here use O***A. It's the only broker with 5 sec charts (with no Ninja needed) and narrow spreads.
  • #2,952
  • Jul 19, 2010 5:15am Jul 19, 2010 5:15am
Quoting BeLikeWater
Hello actually im trading with 2.5 pips for EUR/USD, as i see this strategy can be very good if your spread is 0.9 or less.

You guys are having this spread without extra comissions? If thats its true can you tell me in wicch broker? Thank You
it works well sir am using 2pip spread broker ans is working fine
  • #2,953
  • Edited 6:45am Jul 19, 2010 6:20am | Edited 6:45am
Does oanda allow the sl to be so close to the entry??(2pips). It is usually only ECN brokers that allow that. My broker min distance is 5pips. But I still like the spread which is 1pip
  • #2,954
  • Jul 19, 2010 6:40am Jul 19, 2010 6:40am
Yes, they do.
  • #2,955
  • Jul 19, 2010 6:58am Jul 19, 2010 6:58am
Hi Tony,

Letīs go for NY Open.....
  • #2,956
  • Jul 19, 2010 7:03am Jul 19, 2010 7:03am
Looks great so far Tony, I picked up 80 pips last night while I slept, and now, into the NY trade and at 0SL already.

I think I'm going to need a new broker, it will not let me set the SL so close, I have to sit here and wait for it.

Damn just got stopped out for a 0 loss.
  • #2,957
  • Jul 19, 2010 7:05am Jul 19, 2010 7:05am
SL hit: -3 pips, total day, + 77 pips, wonderful....
Letīs see tomorrow London Open.....
  • #2,958
  • Jul 19, 2010 7:06am Jul 19, 2010 7:06am
Short time frames take a bit of getting used too! I nearly buggered up this one but I am in for the moment... 0SL already.
Attached Image (click to enlarge)
Click to Enlarge Name: eu ny 190710.PNG Size: 32 KB
  • #2,959
  • Jul 19, 2010 7:08am Jul 19, 2010 7:08am
Do you ever reenter a trade after a SL? Especially after you get hit really quickly?
  • #2,960
  • Jul 19, 2010 7:09am Jul 19, 2010 7:09am
mine was a long and i am on the same platform. first 5 sec candle was a long for me and hence long..

Quoting DanUK
Short time frames take a bit of getting used too! I nearly buggered up this one but I am in for the moment... 0SL already.
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