Pro Swing Trading

Another nasty bouquet this time from FXCM

.... shit always happen - send them a picture to see their comments ....

Tut Tut that is a bit naughty, the feckers. If it had been a SL they would have bloody filled it.

because sl would be triggered by ask price, sell limit "by default" always triggered by bid price. Candles are drawing by average price. ask-bid=spread

is easy - broker can manipulate price in his own pocket when he see limit order, SL or TP on his order book. mt4 is created to skin a client.

- change br0ker.

self-explanatory pic

Actually, MT4 graphs on Alpari and FXCM is taken from the bid, so that should have been filled.

Loving the calls Nick, Cable just hit TP2. CAD was unfortunate but I set my entries at 1.0070 and 1.0090 and got out with a few positive pips before it turned up.

Cheers mate.

Congratulation

See for yourself...




Cheers,
Jenks.

hello nick, it was a really good week, great call! One of the best week so far since subscribing your service back in April 2010.

130pips for UJ silver signal (tuesday)

5 pips GU gold signal tuesday ( i closed with small profit because of your warning update, but it eventually went 120 pips!)

95 pips GU gold signal (wednesday)

i missed ucad trade, coz i was sleep and didnt woke up/realized the sms

total 230 pips... its really a good week. thanks again nick!

p/s: we've not lost any trade so far this month! great...

The Federal Reserve appears on track to buy the entire $600 billion in U.S. government debt it has committed to purchase, barring a sharp, unexpected shift in the economy's prospects.

If anything, lingering weakness and renewed concerns about global credit markets may lead top officials to lean toward doing more rather than less.

The U.S. central bank's decision last week to embark on a new round of monetary easing represented a shift in direction for policymakers, who until spring had been focused on possibly unwinding emergency steps taken during the financial crisis.

As such, policymakers would not likely have committed to a significant upfront figure if they saw the possibility that they would need to change course shortly thereafter. Instead, officials view the move much like traditional interest rate cuts, which are rarely taken back so rapidly.

A recent batch of better-than-expected economic data, including a relatively upbeat reading on the job market, has raised questions about whether the Fed acted prematurely in pulling the trigger on a second round of bond buying.

Kevin Warsh, seen as one of the more hawkish members of the Fed's Washington-based board, argued last week that "policies should be altered if certain objectives are satisfied."

Adding to the uncertainty, a report from a prominent consultancy that made the rounds in markets on Thursday suggested the Fed could refrain from purchasing the full $600 billion if conditions improved significantly.

The Treasury market has been selling off sharply, in part as a response to the somewhat brighter landscape.

A HIGH BAR

But the Fed's own forecasts -- and underlying economic conditions -- suggest the bar is set exceedingly high for a policy reversal.

"Even if you get better growth, that's not going to be enough," said Diane Swonk, chief economist at Mesirow Financial in Chicago. "Unless you get unemployment well below 9 percent really quickly, you're not going to have a very comfortable situation for the Fed."

That prospect, despite October's gain of 151,000 new jobs, seems, at best, distant. The central bank's own forecast sees the unemployment rate, currently stuck at 9.6 percent, coming down at a snail's pace. Its July estimates, which are likely to have been revised to show even more weakness at the November meeting, saw the jobless rate hovering around 8.3 percent to 8.7 percent through 2011.

An opinion piece by Fed Chairman Ben Bernanke in the Washington Post published a day after the Fed decision was instructive. In it, Bernanke moved away from the notion that the only purpose of easing is to fight deflation, adding that as long as the economy is operating below its potential, policy can help.

"Even absent such (deflation) risks, low and falling inflation indicate that the economy has considerable spare capacity, implying that there is scope for monetary policy to support further gains in employment without risking economic overheating," he wrote.

And the data indicate the disinflationary trend remains firmly in place, with forecasts for the October year-on-year gain in consumer prices outside food and energy centering around 0.7 percent, well below the Fed's presumed target of 2 percent or slightly less.

Unfortunately I didnt get the UCAD as my TP1 was at 1.0020. I should have put it at the closer suggestion of 1.0030. Oh well. Other calls were great though!!

Lets have another good week!!

Hi All,

I hope you had great weekend and be ready for new pips hunting... I will update you if i found new setup.

Cheers
Nick

thinks，nick......

interesting day.......
i got picked up on my Alpari account but not my fxdd account.....
(spread included in both orders)

correction....
looking at the charts i got picked up after expiry time, (unable to remove the order coz not able to reach my platform)

a risk........

I suggest to use order expire option in future, then you will be safe.

Hi,

As trading setup looking for short on loonie...

Great CALL again FXAdvice !!!