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  • #561
  • Nov 5, 2010 11:00am Nov 5, 2010 11:00am
I don't get it. I've been playing the Micro Quiz show, twice a month, for the past 6 or so months. And 50% of the time, I have known the answers to the questions within the tip of my fingers. I type them in within a couple seconds, and not only do I never win, I'm not even mentioned in the runner ups, ever! It's like in order to win this you have to have a reaction time of less than 100 MILLI-seconds and a typing speed of above 1000 WPM. ...Unbelievable.
  • #562
  • Nov 5, 2010 11:19am Nov 5, 2010 11:19am
Quoting sonicpunk32
I don't get it. I've been playing the Micro Quiz show, twice a month, for the past 6 or so months. And 50% of the time, I have known the answers to the questions within the tip of my fingers. I type them in within a couple seconds, and not only do I never win, I'm not even mentioned in the runner ups, ever! It's like in order to win this you have to have a reaction time of less than 100 MILLI-seconds and a typing speed of above 1000 WPM. ...Unbelievable.
I think it's becoming more and more competitive as more traders find out about the quiz show. There were over 200 traders in today's quiz show.
  • #563
  • Nov 8, 2010 9:58am Nov 8, 2010 9:58am
Jamie Saettele's latest Elliott Wave analysis shows last week's EUR/USD high stalling out around the channel high. With renewed concern over Ireland's debt, the USD has started to gain somewhat on the day.

EUR/USD
http://media.dailyfx.com/illustratio..._IC_Screen.png

Source: www.dailyfx.com/ftechnicals



Here's what the DailyFX+ EUR/USD signal is doing:

http://img257.imageshack.us/img257/3...nal1182010.png

  • #564
  • Nov 8, 2010 11:43am Nov 8, 2010 11:43am
David Rodriguez posted a picture of his chart showing EUR/USD SSI, and positioning is very close to switching net long EUR/USD:

http://img143.imageshack.us/img143/2...010110033a.png


EUR/USD positioning has been consistently short since June of this year, so a switch in positioning to the long side would be important. Take a look at the long term chart below provided on the DailyFX.com website. The red bars indicate net short positioning and green bars indicate net long positioning.

http://media.dailyfx.com/illustratio..._Picture_6.png

  • #565
  • Nov 8, 2010 3:42pm Nov 8, 2010 3:42pm
Quoting Jason Rogers
If you've been reading Bloomberg and other financial sites, there's talk by technical analysts of gold targeting $1,500. My question is, why $1,500, so I pulled up a chart and started adding fibonaccis. If you start at the low of $250 from 1998 and draw a fibonacci matching the 38% level to the recent break above $1,000, then 0% target level matches up with $1,500. Interesting...

http://img266.imageshack.us/img266/2092/goldtarget.jpg

I was taking a look at gold today and its push through $1,400 and remembered making a post last year about a Bloomberg article in which analysts calling for $1,500 in gold. Back then the market had just broken through $1,000. A year later, $1,500 doesn't seem so far fetched.

http://img80.imageshack.us/img80/191...01021644pm.png


Gold can be traded through FXCM UK, look for the XAU/USD symbol in the dealing rates window (not available for US residents).
  • #566
  • Nov 9, 2010 9:34am Nov 9, 2010 9:34am
Please be aware that rollover for all currency pairs is 4X the normal amount today and 0 tomorrow. This is due to bank holiday's.

DailyFX has a rollover calendar where you can keep track of daily rollover and any exceptions: www.dailyfx.com/frollover. Below is a screenshot of the month of November, and I will help decipher how to read it.

Each date will list whether all currency pairs have the same rollover amount or if there is an exception for a particular currency (due to a holiday). I drew a box around Nov 9 & 10. At the bottom of Nov. 9 it says "All: 4". This means that all currency pairs have 4 times rollover. At the bottom of Nov. 10 it says "All: 0". This means that all currency pairs have 0 rollover.

http://img816.imageshack.us/img816/7...ver1192010.png



It's possible that not all currency pairs are affected by a bank holiday. You'll notice that for some days it says "Other" and there's an orange triangle at the top left of the date. This means there's an exception for a particular currency and if you move your cursor over the triangle it will tell you which one. In the image below, you'll see that for November 19th the JPY pairs has 2X rollover while all others are normal.

http://img708.imageshack.us/img708/5...tion119201.png

  • #567
  • Nov 10, 2010 9:33am Nov 10, 2010 9:33am
EUR/USD is now trading below 1.3700 and the DailyFX Plus signals have generated a breakout signal to the downside for EURUSD:

http://img217.imageshack.us/img217/1...1102010102.png


Take a look at this morning's SSI data as well. EUR/USD is still ever so slightly net long which signals further downside potential for the EUR/USD:

http://img534.imageshack.us/img534/3...10100717am.png



SSI and the DailyFX trading signals can be accessed through DailyFX+ with an FXCM live account username and password. If you don't have a live account, you can register for a free trial to practice on a demo: www.fxcm.com/fsignals
  • #568
  • Nov 10, 2010 11:03pm Nov 10, 2010 11:03pm
Hi Jason,

I have been using UK MT4 demo account but since last couple of days, whenever I open up a new chart ( and happens to currently opened charts as well), it only shows very few monthly candles. It used to fetch large number of monthly candle data till last week.

I have already selected largest number for "Max bars in History" and "Max bars in charts" under options.

Am I doing something wrong?

cheers
  • #569
  • Nov 11, 2010 8:19am Nov 11, 2010 8:19am
Quoting Imphilomath
Hi Jason,

I have been using UK MT4 demo account but since last couple of days, whenever I open up a new chart ( and happens to currently opened charts as well), it only shows very few monthly candles. It used to fetch large number of monthly candle data till last week.

I have already selected largest number for "Max bars in History" and "Max bars in charts" under options.

Am I doing something wrong?

cheers
The amount of data available can vary by symbol. The major pairs should have data back to the early 1990's whereas the CFD products will only have data up until earlier this year (on MT4).

For general troubleshooting, I would suggest clearing out the chart data that has been stored on your computer. You can do this by opening windows explorer and navigating to Crogram FilesFXCM MT4 powered by BThistoryFXCM-Demo and deleting any files ending in .hst .

Also, is this occurring for all symbols or just specific ones, and how far back is it displaying the data (i.e. how many years or months back).

-Jason
  • #570
  • Nov 11, 2010 8:59am Nov 11, 2010 8:59am
David Rodriguez is hosting a webinar on Channel Breakout trading in a couple of minutes. If you can't make it, the recording will be available afterwards found in the completed events tab. A timely webinar considering EUR/USD's attempted breakout yesterday, and possible breakthrough today.

http://img827.imageshack.us/img827/5...01095739am.png

  • #571
  • Nov 11, 2010 1:12pm Nov 11, 2010 1:12pm
Yesterday, we held a live webinar on FXCM's Price Improvements (positive slippage). The webinar discusses how it works, and strategies for increasing the likelihood of price improvement. Click the image below to goto the webinar recording. The audio portion starts 2 minutes into the recording:

http://img255.imageshack.us/img255/5...mprovement.png
  • #572
  • Nov 11, 2010 6:52pm Nov 11, 2010 6:52pm
Quoting Jason Rogers
The amount of data available can vary by symbol....
Thanks for your reply Jason. It is happening to all the pairs including major forex pairs. I cleaned up .hst files from the history folder and restarted my MT4. I only get last 15 weeks of data for all the pairs. This has never happened before.

cheers
  • #573
  • Nov 12, 2010 11:37am Nov 12, 2010 11:37am
Quoting Imphilomath
Thanks for your reply Jason. It is happening to all the pairs including major forex pairs. I cleaned up .hst files from the history folder and restarted my MT4. I only get last 15 weeks of data for all the pairs. This has never happened before.

cheers
In this case, best thing to do would be to contact technical support for troubleshooting in real time by either chat or phone. I just downloaded the platform and not seeing the same thing you are, so would be best to troubleshoot in realtime. Only other thing I would suggest myself is to try uninstalling/reinstallilng the MT4 platform completely.
  • #574
  • Nov 12, 2010 12:05pm Nov 12, 2010 12:05pm
The SPX500 (S&P500 tracking index) has been in a nice uptrend since early September which David Rodriguez pointed out a couple of minutes ago on Twitter; however, it's breaking below the trendline.

http://img243.imageshack.us/img243/1...od11122010.png


Bloomberg has an article out titled "Gary Shilling Sees `Significant' Stock Selloff Within 12 Months":

Gary Shilling, who predicted the U.S. housing collapse, says the stock market is overvalued and foresees a “significant” selloff within a year as the Federal Reserve fails to stimulate economic growth.

.....Shilling’s past predictions had mixed results. The economist forecast the recession that began in December 2007 and warned investors a year earlier that residential real estate was in a bubble that would burst. The S&P 500 lost 57 percent between October 2007 and March 2009.

With the S&P 500 at a 12-year low that month, he said that higher unemployment would curb consumer spending, leading to “weaker stocks.” An investor following his advice would have missed the start of an 80 percent rally.


So Gary Shilling is basically saying the Federal Reserve's quantitative easing won't have much of an impact. Betting against the fed's ability to create virtually unlimited amounts of quantitative easing is something I would be hesitant to bet against. We'll see who wins

Lots of big moves this Friday not only in stocks, but also in gold. Huge move on the day with gold falling almost $50 from today's high. Take a look at today's daily candle!!!

http://img823.imageshack.us/img823/7...le11122010.png


Both gold and the stock indices can be traded with FXCM UK. Here's where you can register a demo which has forex, gold, oil, and stock indices: http://www.fxcm.co.uk/fdemo
  • #575
  • Nov 12, 2010 1:27pm Nov 12, 2010 1:27pm
Jamie Saettele just released a special report on risk management. Add it to your weekend reading! Here's an excerpt:

As Jesse Livermore famously states in Reminiscences of a Stock Operator, “Don’t lose your stake. A speculator without cash is like a store-owner with no inventory. Cash is your inventory, your lifeline, and your best friend. Without cash, you are out of business. Don’t lose your line."

When a high probability (I refer to this as a favorable situation) opportunity arises, increase leverage. Obviously, the criteria used to indicate high and low probability is important but that is beyond the scope of this article (the link to the presentation above highlights methods that I use to determine high and low probability opportunities). For example, the EURUSD tends to make highs and lows for the entire month during the first several 5 days of the month. The red bars on the chart below indicate the first trading day of the month. In the past 13 months, the high or low for the entire month has occurred within the first 5 days in 10 of those months. Shorting the overextended EURUSD was not nearly as scary with this information in hand. The reversal on 11/05 (5th trading day of the month) was the signal to short with a stop above the 11/4 high, which was the 4th trading day of the month. This is a simple example that highlights how specific information can shift the odds in your favor.

http://www.dailyfx.com/forex/technic...Document1.html



Have a great weekend!
  • #576
  • Nov 14, 2010 5:49pm Nov 14, 2010 5:49pm
Quoting Jason Rogers
In this case, best thing to do would be to contact technical support for troubleshooting in real time by either chat or phone. I just downloaded the platform and not seeing the same thing you are, so would be best to troubleshoot in realtime. Only other thing I would suggest myself is to try uninstalling/reinstallilng the MT4 platform completely.
Thanks Jason. Not sure what the problem was. Complete uninstall and reinstall worked.

cheers
  • #577
  • Nov 15, 2010 10:04am Nov 15, 2010 10:04am
Quoting Imphilomath
Thanks Jason. Not sure what the problem was. Complete uninstall and reinstall worked.

cheers
Good to hear. Uninstall/Reinstall usually does the trick if all else fails.
  • #578
  • Nov 15, 2010 10:12am Nov 15, 2010 10:12am
Hyper asked some questions about Strategy Trader in the FXCM Discussion thread which I thought would be useful for anyone reading this thread as well:

Can it do portfolio backtesting, i.e. one strategy over multiple symbols in one backtest?
Can it import custom historical tick data?
How far back does the default historical tick data go?
Does it make use of multiple CPU cores during backtests and optimzation?


The built-in reports won't combine backtests from multiple currency pairs for portfolio backtesting, but a portfolio backtest EA has been added to the Strategy Trader forum. It can combine multiple backtest for a combined portfolio equity curve.

Strategy Trader can pull a maximum of 500,000 bars from the server. Additional historical 1 minute bar data is available through the Strategy Trader forum as far back as 2001 for most pairs (historical data). to get the data into Strategy Trader, you'll need to download it to your computer, and then load it into Strategy Trader using the Quote Manager. We have a video on blip.tv detailing 1) how to import 500,000 bars from the server, and 2) how to import additional historical data from the download files (http://blip.tv/file/4004781/).

Strategy Trader makes use of multiple cores during backtesting and optimization. It's a big benefit because it speeds up the backtesting abilities.

-Jason
  • #579
  • Nov 15, 2010 2:36pm Nov 15, 2010 2:36pm
Jason,

I am in the Eastern US and trade at the opening of new daily candles. Yesterday at 5:00PM EDT some pairs flipped as usual to a 11-15 candle while some kept an 11-14 and also have an 11-15. Check out EUR/USD vs AUD/USD. Using RSI and Oscillators it becomes difficult to trade if there is not consistency i.e. some oscillators will not behave if there are two candles in less than a 24 time frame (i.e. 11-14 and 11-15).

I hope I am making sense. Usually it is not a problem but today it was.
  • #580
  • Nov 15, 2010 4:03pm Nov 15, 2010 4:03pm
Quoting sloanman
Jason,

I am in the Eastern US and trade at the opening of new daily candles. Yesterday at 5:00PM EDT some pairs flipped as usual to a 11-15 candle while some kept an 11-14 and also have an 11-15. Check out EUR/USD vs AUD/USD. Using RSI and Oscillators it becomes difficult to trade if there is not consistency i.e. some oscillators will not behave if there are two candles in less than a 24 time frame (i.e. 11-14 and 11-15).

I hope I am making sense. Usually it is not a problem but today it was.
Hey Sloanman,

I checked several accounts from my side and was able to replicate what you are experiencing on one of them. I'm going to have our technical support check on this. Could you also check your account and let me know which server it is on. You can find the server name down at the bottom of the platform to the left of your username. See image below with example:

http://img219.imageshack.us/img219/4260/demoserver.png

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