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My trades by Dave

  • #921
  • Apr 8, 2006 8:24pm Apr 8, 2006 8:24pm
Quoting habeeb
Thanx for the link. Let us know how you find them.

I came across these guys http://www.forex-swiss.com/index.html
Have you (or anybody else) got some feedback on them?

Thanx
Habeeb

way to go Habeeb!

This looks like a serious swiss interbank broker.
I have requested information on who governs there instatution and what garentees the my money is safe and that I will be able to make withdrawls.

Sending money over seas is scary but the swiss do have a reputation for being the safest place in the world for your money.

Dave

I'll check out there demo.
  • #922
  • Edited 9:15pm Apr 8, 2006 9:10pm | Edited 9:15pm
Quoting xxDavidxSxx
way to go Habeeb!

This looks like a serious swiss interbank broker.
I have requested information on who governs there instatution and what garentees the my money is safe and that I will be able to make withdrawls.

Sending money over seas is scary but the swiss do have a reputation for being the safest place in the world for your money.

Dave

I'll check out there demo.
account demo is in USD automatically.

Depending on there responce to my questions I may take 1k of that 5 and open one with them too. To test the swiss broker waters. then build me that infamous "swiss bank account" That the Gov. cann't touch. J/k

seriously...they look very promising.

Dave

CMS is the only other one that offers this that I know of.... • Trade mini and standard lots on the same platform and account.....

Here is an over view..
• 2 pips inter-bank spread on all currency pairs, excluding exotics
• Margin: 500:1 or $200 per standard lot and $20 per mini
• Minimum account size is 2000 USD
• No charging interest for open position (in non hedge mode).
Opening accounts in multiple currencies
• Trade mini and standard lots on the same platform and account
• Best trading platform with fastest trade execution

(2 pips on all even exotics!!!!!) (NO INTREST!!)

I am really liking this one platform is nice too.
  • #923
  • Apr 8, 2006 9:58pm Apr 8, 2006 9:58pm
forex-swissdotcom is called FXCH ltd.


FXCH is Forein Exchange Clearing House Ltd.

Clearing house is the same as a clearing firm.

That just thrust them yards above interbank group IBFX CSM or any other I have seen.

Dave
  • #924
  • Apr 8, 2006 10:03pm Apr 8, 2006 10:03pm
OK this blows the whole deal WTF.......
*Foreign Exchange Clearing House Ltd (FXCH) does not accept funds from citizens of the United States.


OMG!!!!

Tears
  • #925
  • Apr 8, 2006 10:21pm Apr 8, 2006 10:21pm
Heres the latest reply by interbank group.....

It’s a deal we have with this particular clearing firm.



As you know most clearing firms “take the other side” of the trade. We have some very good traders here at our firm that manage money for clients and we have some clients that are very good traders as well. As you have probably experienced, most FCM (futures commission merchants or clearing firms) are not happy when you are a good trader, thus profitable.



We have asked to have some of our accounts to be STP’d so there will be “no conflict of interest” between our clients and the clearing firm.



There isn’t any special features on the platform that says you are being STP’d, but I have seen the difference when our orders get filled with less requotes even if the market moves after we have placed the order.





Thanks,



Brian Johnston

Senior Currency Trader

www.interbankgroup.com


You all see it here....Streight from a senior guy fingertips. They use strieght through prossessing(STP) for themselves and "certian clients". Because they know going through a dealing dest is bad news for traders.

If they give me a STP account I will be very happy.

Still mad at that swiss one.

Dave
  • #926
  • Apr 8, 2006 11:36pm Apr 8, 2006 11:36pm
GFT has comprable charting to CMS. And offer 400:1. And mobile deal station with charts and indacaters.

I have asked them if I can get a STP account. And do they operate a dealing desk that takes positions against there clients.

They have one of the best platforms I have seen.

Dave
  • #927
  • Apr 9, 2006 8:40am Apr 9, 2006 8:40am
Hey guys, I just found this peice of information that we all should know about.

This is from GlobalFx LLc, there part of fxcm.

""Global FX looks to hire and train Traders to day trade the SPOT FX market. Because of the liquidity in the SPOT FX Market, 1.9 Trillion traded daily, our traders look to make quick trades. The Average trader makes 5to 20 trades per 12 hour shift, looking for 5 to 20 pips per trade,""

So the pro's in the brokers who day trade are only looking for 5-20 pips.

So on the average would be 10 pips. This tells me that we shouldn't be going for more than 20 pips on intra day trading.

I hope this will help every one here clarify that scalping is not wrong. Actually its the right thing to do. If you want to make money. Thats why I lost so many trades not taking profit at 20-30 pips and trying to get more.

Dave
  • #928
  • Apr 9, 2006 4:04pm Apr 9, 2006 4:04pm
Quoting xxDavidxSxx
OK this blows the whole deal WTF.......
*Foreign Exchange Clearing House Ltd (FXCH) does not accept funds from citizens of the United States.


OMG!!!!

Tears
That just sux.
Keeping it Simple
  • #929
  • Apr 9, 2006 4:49pm Apr 9, 2006 4:49pm
Quoting xxDavidxSxx
GFT has comprable charting to CMS.

They have one of the best platforms I have seen.

Dave

Dave, you are kidding, right. I thought GFT trading platform was one of the most counter - intuitive and confusing platforms I had ever tried.

Lou
  • #930
  • Apr 9, 2006 5:55pm Apr 9, 2006 5:55pm
Quoting Lou
Dave, you are kidding, right. I thought GFT trading platform was one of the most counter - intuitive and confusing platforms I had ever tried.

Lou
LOL...

It is more advanced. It took me a while for me to get it set up like I like. But once I did....


I have noticed something in playing with the gtf demo and reading there site and agreement forms. They make it clear that gft will always be taking the opposing position.

It just dawned on me what there disclosing.
Your order never enters the market. They just hold it untill you enevitably lose. I filed for an account. I will question the guy when he calls me.
I am still waiting for documentation from interbank group that they'll give me streight through processing account.

Dave
  • #931
  • Edited 6:33pm Apr 9, 2006 5:55pm | Edited 6:33pm
Long entry 1.12100

Edit: s/l 1.2075

target open

dave
  • #932
  • Apr 9, 2006 6:11pm Apr 9, 2006 6:11pm
Quoting xxDavidxSxx
Long entry 1.12100

s/l 1.2175

target open

dave
Dave, you mean stop loss at 1.2075, right?
  • #933
  • Apr 9, 2006 6:34pm Apr 9, 2006 6:34pm
Quoting hugobossv8
Dave, you mean stop loss at 1.2075, right?

Yea thanks lou. 1.2075
  • #934
  • Apr 9, 2006 6:52pm Apr 9, 2006 6:52pm
Dave, what was your reasoning for the long entry at 1.2100?
  • #935
  • Apr 9, 2006 6:54pm Apr 9, 2006 6:54pm
Quoting xxDavidxSxx
Long entry 1.2100

Edit: s/l 1.2075

target open

dave
entry made.

Dave
  • #936
  • Apr 9, 2006 7:19pm Apr 9, 2006 7:19pm
Interbank group has my approval 100%

Here's the latest statement from them...

David,



If you wish I can:



1) have the president of the clearing firm call you to let you know you will be on STP

2) have the president of the clearing send me and email concerning your account and that it will be on STP, thus I will forward to you



other than this I can’t think of anything else other than if you are a good trader WWC will not want to take the other side of your trades anyway.



Thanks,

Brian

Brian Johnston

Senior Currency Trader

www.interbankgroup.com


That works for me.

interbank group it is I will let you know how the live platform does.

Dave
  • #937
  • Apr 9, 2006 7:29pm Apr 9, 2006 7:29pm
Quoting xxDavidxSxx
entry made.

Dave
Dave,

Could you please show screenshots showing your technical analysis for the reasoning behing the entry at 1.2100?

Thanks!
  • #938
  • Apr 9, 2006 7:47pm Apr 9, 2006 7:47pm
No need for a chart on this one.

Price was at the bottom ov a huge move that hasn't seen a retrace. And its sunday so its unlikely there will be any momentom to push further down.
We should see a retrace on short liquidation. At least the 1.2135/40 range

Dave
  • #939
  • Edited 8:26pm Apr 9, 2006 7:56pm | Edited 8:26pm
Quoting xxDavidxSxx
No need for a chart on this one.

Price was at the bottom ov a huge move that hasn't seen a retrace. And its sunday so its unlikely there will be any momentom to push further down.
We should see a retrace on short liquidation. At least the 1.2135/40 range

Dave
But here's one any way....


left chart 4 hr, rsi turned up from oversold range. Targets the bottom line.
middle chart 1 hr, cross of macD happening, price targets middle boli band.
right chart macD crossed and price broke above middle boli band.


Dave
Attached Image
  • #940
  • Apr 9, 2006 8:32pm Apr 9, 2006 8:32pm
Quoting xxDavidxSxx
LOL...

It is more advanced. It took me a while for me to get it set up like I like. But once I did....

Dave
I was interested in that platform when they first advertised using DiNapoli's studies. Not sure if they still have them... charged extra as I recall.

But anyway dont be surprised if you lose your chart set up and can't get it back.

Lou
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