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Trade What You See - Almost Naked Trading

  • #11,281
  • Feb 16, 2011 11:11pm Feb 16, 2011 11:11pm
Quoting FX_California
FXDD allows hedging in the same currency? I thought US brokers do not allow it. I see you have both buy and sale order in the same currency.
No, they do not.. not anymore. The trades show on the platform, but the Backroom does not recognize both a long and a short trade open at the same time. I just had a long discussion with an agent at FXDD about it.
  • #11,282
  • Feb 16, 2011 11:27pm Feb 16, 2011 11:27pm
EU looks like it may BO south. 1H and 4H are pointing down at the moment.
  • #11,283
  • Feb 16, 2011 11:53pm Feb 16, 2011 11:53pm
3-tap setup on EURGBP
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 20 KB
  • #11,284
  • Feb 17, 2011 4:53am Feb 17, 2011 4:53am
Hey guys & gals, just came accross this thread a few days ago! great stuff, very similar to what ive been doing, just trading the trendlines, 3-5 touches max. Although i dont dont use any indi, just pure PA and TL & S&R. the entry BO method is very interesting though, I use to do something similar, whenn I use to trade GJ durring JPY sessions & would try to catch the range and use the new Daily CPP to help guide me in the right direction. So i would love to implement this into my trading. Here is a trade i just took.

GU & GJ, sorry it doesnt show the entry lines, because i'm with Dukascopy.
Gu entry @ 1.6120
GJ entry @ 134.7

Personally i dont like to trade right off the 3rd touch, i like for it to move in the anticipated direction first.thanks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gj.gif Size: 63 KB
  • #11,285
  • Feb 17, 2011 6:07am Feb 17, 2011 6:07am
Most if not all demo mt4 platforms still allow hedging. Another reason never to use demo accounts and instead trade live even with a 10th of a micro, if you want to gain real trading experience.

Quoting FX_California
FXDD allows hedging in the same currency? I thought US brokers do not allow it. I see you have both buy and sale order in the same currency.
  • #11,286
  • Feb 17, 2011 7:13am Feb 17, 2011 7:13am
H4-3T...H1-4C-BO...RSI's Down
Started out great, breaking to new lows.
It's doing a reversal thingy at the moment.
US and CA news in less than half an hour.

Attached Image (click to enlarge)
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Listen to the whispers.... You may learn something
  • #11,287
  • Feb 17, 2011 9:03am Feb 17, 2011 9:03am
Caught +14 on the E/U BO. Entered on the candle with the pink arrow. For a more desireable/conservative entry, I should have entered on the close of the next candle. Exit was based on the round number 1.3600 resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd h4.jpg Size: 65 KB
Click to Enlarge Name: eurusd m5.jpg Size: 59 KB
  • #11,288
  • Feb 17, 2011 11:25am Feb 17, 2011 11:25am
This upper TL on the EUR goes back 3 weeks, but there is really no other place to draw one from up there. Maybe worth a watch if things turn down.
Attached Image
  • #11,289
  • Feb 17, 2011 12:47pm Feb 17, 2011 12:47pm
H4-3T...H1-4C-BO...All RSI's Down except for the hourlys...double ZC.
EA is having problem pushing through support.
If it can push through this, there should be some more pips down there.

Attached Image (click to enlarge)
Click to Enlarge Name: ea-02-17-11-m30.gif Size: 12 KB
Listen to the whispers.... You may learn something
  • #11,290
  • Feb 17, 2011 5:39pm Feb 17, 2011 5:39pm
Looks like EJ is adjusting for the news out shortly.
This should be interesting...

Attached Image (click to enlarge)
Click to Enlarge Name: ej-02-17-11-h1.gif Size: 12 KB
Listen to the whispers.... You may learn something
  • #11,291
  • Feb 17, 2011 7:50pm Feb 17, 2011 7:50pm
Hello, this room is so quiet all day and now hardly any body here is this because of the lawsuit against some of the brokers malpractice like FXD..........and others, or why is this happening?!
Blessed are they who maintain justice, who constantly do what is right.
  • #11,292
  • Feb 17, 2011 8:27pm Feb 17, 2011 8:27pm
lawsuit, what happen with FXD??
Quoting evasz
Hello, this room is so quiet all day and now hardly any body here is this because of the lawsuit against some of the brokers malpractice like FXD..........and others, or why is this happening?!
  • #11,293
  • Feb 17, 2011 9:04pm Feb 17, 2011 9:04pm
Hi Uncharted, pleas go to the Calendar when you scroll down there is a section called Forex News read on you will fined all the latest news regarding Forex.
evasz
Blessed are they who maintain justice, who constantly do what is right.
  • #11,294
  • Feb 18, 2011 1:21am Feb 18, 2011 1:21am
great post i look forward to trying this out
  • #11,295
  • Feb 18, 2011 7:14am Feb 18, 2011 7:14am
WOW...EJ is on the move (along with all the other leading Euro pairs).

Attached Image (click to enlarge)
Click to Enlarge Name: ej-02-18-11-h1.gif Size: 13 KB
Listen to the whispers.... You may learn something
  • #11,296
  • Feb 18, 2011 7:38am Feb 18, 2011 7:38am
Quoting Scrutch
WOW...EJ is on the move (along with all the other leading Euro pairs).

Attachment
Yep, milked +36 pips on EURGBP and EURCHF on that spike. Now all retracing... done for the week, +150 pips. Have a nice weekend everyone. I might venture back to trading live soon..
  • #11,297
  • Feb 18, 2011 7:44am Feb 18, 2011 7:44am
Way to go!
Appears that "farm boys" still know a bit about milking.

Quoting pippete
Yep, milked +36 pips on EURGBP and EURCHF on that spike. Now all retracing... done for the week, +150 pips. Have a nice weekend everyone. I might venture back to trading live soon..
Listen to the whispers.... You may learn something
  • #11,298
  • Feb 18, 2011 8:18am Feb 18, 2011 8:18am
Quoting pippete
Yep, milked +36 pips on EURGBP and EURCHF on that spike. Now all retracing... done for the week, +150 pips. Have a nice weekend everyone. I might venture back to trading live soon..
Well done... Caught only 20pips on EU. Well caught about 80pips this week. Will leave it to Monday for Gaps.
  • #11,299
  • Feb 18, 2011 8:38am Feb 18, 2011 8:38am
Well, not quite done, looks like now its time for Zorro to come in. Got +20 pips on this ZC trade
Same thing on EURUSD, and most other EUR pairs..
Attached Image
  • #11,300
  • Feb 18, 2011 9:03am Feb 18, 2011 9:03am
Here is a short article about the complaint filed against FXDD.

http://uk.ibtimes.com/articles/11310...ainst-fxdd.htm

Quote
.... the suit alleges that FXDD has defrauded thousands of customers using deceptive and unfair trade practices, including falsely portraying its Forex trading platform as "transparent," when instead it is a "rigged game," designed to systematically separate customers from their money.

* * *

"..... Unfortunately, many Forex dealers engage in questionable practices, and we intend to pursue any and all of them until we have put an end to these abuses."

It is a class action suit filed in U.S. District Court, Southern District of New York.
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