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Quick and Dirty EOD

  • #321
  • Jul 30, 2012 9:19am Jul 30, 2012 9:19am
Quoting spyderman
No problem. And yes, another long has opened. Up about 20 pips so far.

Reminds me of pictures of Stanley Lake in Idaho with the mountains reflected in the water.
  • #322
  • Jul 30, 2012 9:25am Jul 30, 2012 9:25am
Quoting spyderman
No problem. And yes, another long has opened. Up about 20 pips so far.
Looks like you really got a hold of this method..... Nice work....
are you watching the GBP/AUD? it is showing some REALLY nice trends.... looks like a good candidate.

I'm short that one and about 50 pips in the good so far.
  • #323
  • Jul 30, 2012 9:32am Jul 30, 2012 9:32am
Quoting tradestar1
Looks like you really got a hold of this method..... Nice work....
are you watching the GBP/AUD? it is showing some REALLY nice trends.... looks like a good candidate.

I'm short that one and about 50 pips in the good so far.

Thanks tradestar.

Normally I really like G/A. Unfortunately with this broker they had a price anomally a couple of months ago which skewed the charts so I'm not technically showing a downtrend. (even though its pretty obvious). Spread is also 15 pips on that pair for me.

Nice trade though. E/A is heading down nice so good chance it will be profitable.
Attached Image (click to enlarge)
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  • #324
  • Jul 30, 2012 9:36am Jul 30, 2012 9:36am
Quoting spyderman
Thanks tradestar.

Normally I really like G/A. Unfortunately with this broker they had a price anomally a couple of months ago which skewed the charts so I'm not technically showing a downtrend. (even though its pretty obvious). Spread is also 15 pips on that pair for me.

Nice trade though. E/A is heading down nice so good chance it will be profitable.
15 pip spread... OUCH.... 4.3 at my broker.
GBP/AUD has definitely shown some nice long term trends for quite a while now.... I have put this pair in my watch list as well and may just be keeping some long term trend positions on it as well.
  • #325
  • Jul 30, 2012 9:40am Jul 30, 2012 9:40am
Quoting tradestar1
15 pip spread... OUCH.... 4.3 at my broker.
GBP/AUD has definitely shown some nice long term trends for quite a while now.... I have put this pair in my watch list as well and may just be keeping some long term trend positions on it as well.
Yeah I like my broker cause they have live micro accounts that you can trade as low as 100 units (I don't like demo), but some of the spreads are squirrely. Once I build up an account......I'm going to switch to a more palatable set up.
  • #326
  • Jul 30, 2012 9:41am Jul 30, 2012 9:41am
Have you looked at Oanda?
  • #327
  • Jul 30, 2012 9:44am Jul 30, 2012 9:44am
Quoting tradestar1
15 pip spread... OUCH.... 4.3 at my broker.
GBP/AUD has definitely shown some nice long term trends for quite a while now.... I have put this pair in my watch list as well and may just be keeping some long term trend positions on it as well.
4.3? Ouch! I get 2.5
  • #328
  • Jul 30, 2012 9:49am Jul 30, 2012 9:49am
Quoting Hugh Briss
4.3? Ouch! I get 2.5
That's even better.... but I can certainly with 4.3 whereas I don't think I could tolerate 15....... Also never heard of the broker you trade with Spyder.... are they US based?
  • #329
  • Jul 30, 2012 9:49am Jul 30, 2012 9:49am
Quoting tradestar1
Have you looked at Oanda?

Yeah I have a live account with Oanda. They let you trade down to penny pips on their platform but I think you can only go as low as 1000 units on their MT4.
  • #330
  • Jul 30, 2012 9:50am Jul 30, 2012 9:50am
Quoting tradestar1
That's even better.... but I can certainly with 4.3 whereas I don't think I could tolerate 15....... Also never heard of the broker you trade with Spyder.... are they US based?

Nope...Dominique...another reason I want to switch as soon as possible. I'm looking to try ILQ via BBFX
  • #331
  • Jul 30, 2012 9:51am Jul 30, 2012 9:51am
Trader's Way does have an ECN account with tight spreads, but again 1000 units.
  • #332
  • Jul 30, 2012 9:52am Jul 30, 2012 9:52am
I don't know about the mt4.... I really don't like that platform..... you could however use it for your studies and trade on the FxTrade platform..
I been with Oanda a long time..... and really like the java platform.
  • #333
  • Jul 30, 2012 9:54am Jul 30, 2012 9:54am
Quoting tradestar1
I don't know about the mt4.... I really don't like that platform..... you could however use it for your studies and trade on the FxTrade platform..
I been with Oanda a long time..... and really like the java platform.

I'm already juggling 19 open orders and 24 pendings just with this EOD strategy...not sure if I could handle switching back and forth between platforms...

Plus I can't remember how they handle the hedge and FIFO restrictions.
  • #334
  • Jul 30, 2012 9:55am Jul 30, 2012 9:55am
Quoting spyderman
Trader's Way does have an ECN account with tight spreads, but again 1000 units.
1000 units is only 10 cents a pip, that's not bad.
But I like Oanda's totally flexable position sizing on there FxTrade platform... really lets you fine tune your risk management ....
  • #335
  • Jul 30, 2012 9:58am Jul 30, 2012 9:58am
Quoting spyderman
I'm already juggling 19 open orders and 24 pendings just with this EOD strategy...not sure if I could handle switching back and forth between platforms...

Plus I can't remember how they handle the hedge and FIFO restrictions.
LOL.... I hear ya.... but the trades are very apparent on the java platform as well..... MT is just to untrustworthy as far as I am concerned, though Oanda's is the best of the bunch and they don't use that front running manager that other brokers plug in.... cant recall the name of it right now though.
  • #336
  • Jul 30, 2012 9:59am Jul 30, 2012 9:59am
Quoting spyderman

Plus I can't remember how they handle the hedge and FIFO restrictions.
No hedging in the US and FIFO can be worked around..... I thought you were in the US?
  • #337
  • Jul 30, 2012 10:02am Jul 30, 2012 10:02am
Quoting tradestar1
No hedging in the US and FIFO can be worked around..... I thought you were in the US?

I am, but ILQ handles hedging through the back office so you can do it.
  • #338
  • Jul 30, 2012 10:04am Jul 30, 2012 10:04am
By the way Spyderman, I sent you an email...
  • #339
  • Jul 30, 2012 10:05am Jul 30, 2012 10:05am
Quoting spyderman
I am, but ILQ handles hedging through the back office so you can do it.
I just use two accounts... one for long positions and one for short positions......
  • #340
  • Jul 30, 2012 10:24am Jul 30, 2012 10:24am
Quoting Hugh Briss
4.3? Ouch! I get 2.5
Which is ur broker?
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