DislikedI need a new broker for Forex I think. Anyone here use Oanda? How do you feel about them? I ask because I like the idea of being able to trade a few exotics when the time is right.......
I use OANDA. I have from the start and they, just like every other one, have had their growing pains. However, I will say that they are very responsive with any questions and/or problems you might have. Also, their deposit/withdraw system is very easy to navigate once you get set up.
I know a lot of people use them due to their small account sizes and such, but I have a fairly large account and all of my trades and transactions run just as smoothly as when it was small.
They appreciate my business and I value that. Good luck!...Ignored
DislikedGFT allows for this as well, .....Ignored
This situation happens often enough to warrant at least asking the question.
The GBP/JPY is in a downtrend and I was interested in shorting it at 128 as this is a previous support level in the past (27th June). There is also a bit of a trend line in play as well.
[color=#141414][font=Georgia]Looking at the 4 hour chart price has tapped this 128 level a number of times with minor reactions down but still respecting...Ignored
DislikedI will be honest here: Officials from the BoJ are starting to bitch loudly about the value of the Yen again. Because of this, I have been ignoring the XXX/JPY pairs, although the CHF/JPY looks interesting for a short-term trade.
I actually would prefer a short in the GBP/JPY pair from the 130 level.....it would give more of a bounce, and it is an obvious level.
DislikedI actually would prefer a short in the GBP/JPY pair from the 130 level.....it would give more of a bounce, and it is an obvious level.ChrisIgnored
Ok....I understand all of what you said and are all good points.
I guess my example was about the GBPJPY but was meant as a more generic question about price action at areas of interest.
So lets say if this situation occurs at 130 level on the GBPJPY for example (which by the way I agree is a better level), and the described price action occurs (multiple mini bounces without a significant move) how would you approach a possible entry assuming there appears to be enough potential reward for the trade?
1) Draw a box (or triangle...Ignored
DislikedI can't remember the last time the charts were this slow. This is probably because the world is focusing on the children in Congress, as well as the child who presently is our President. While the world concerns themselves with the US deficit, something people my age have been aware of since our youth, these immature assholes are busy giving campaign speeches.
Because of this, the markets have been going back and forth, and it appears that perhaps people in these markets are getting tired. We may have a day or two of nothing because of this....Ignored
Dislikedthese immature assholes are busy giving campaign speeches.Ignored
DislikedActually, these assholes have had decades to mature into the fine political breed they've become
Besides, it's not just in the US you've got them... Heard of this? http://www.telegraph.co.uk/news/worl...overnment.html These clowns haven't even been able to form a government in over a year (sic!), thereby breaking the previous record which was held by, wait for it: Iraq.Ignored
DislikedHaving said all of that - I have a Communications paper due, as well as a Sociology one.....Ignored
DislikedMaybe a possible with trend box trade setting up?Ignored