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AUD/USD

  • #56,181
  • Nov 11, 2012 11:41pm Nov 11, 2012 11:41pm
Quoting ForExtraPips
I'm thinking of shorting it @ 1.0422
You mind me asking what is the reasoning behind this short? Thanks!
  • #56,182
  • Nov 11, 2012 11:50pm Nov 11, 2012 11:50pm
Quoting 100PipsADay
You mind me asking what is the reasoning behind this short? Thanks!
61.8 Golden ratio type thingy. Man, is it trying so hard to touch my sell limit. One tenth of a pip shy.
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Time turns trend. - W.D. Gann
  • #56,183
  • Nov 12, 2012 12:06am Nov 12, 2012 12:06am
Quoting ForExtraPips
61.8 Golden ratio type thingy. Man, is it trying so hard to touch my sell limit. One tenth of a pip shy.

That's a bit rough - what spread are you being quoted ?
My trading platform went 1.0422 Bid (or better) 7 times between 3.15 & 3.30.pm (SYD) . Spread varied between 0.7 & 0.9 pips .
Have a Hi of 1.04226 bid / 1.04235 offered , at 3.19.pm .
  • #56,184
  • Nov 12, 2012 12:28am Nov 12, 2012 12:28am
Quoting Balmain Boy
That's a bit rough - what spread are you being quoted ?
My trading platform went 1.0422 Bid (or better) 7 times between 3.15 & 3.30.pm (SYD) . Spread varied between 0.7 & 0.9 pips .
Have a Hi of 1.04226 bid / 1.04235 offered , at 3.19.pm .
3.3 spread with IBFX
Time turns trend. - W.D. Gann
  • #56,185
  • Nov 12, 2012 12:37am Nov 12, 2012 12:37am
Quoting ForExtraPips
3.3 spread with IBFX
Wow!! That's horrendous .
Why do choose to you deal with them when there's so much competition in the marketplace for your business these days ?

BTW , hitting your price again here - new Hi of 1.04227 bid
  • #56,186
  • Nov 12, 2012 12:43am Nov 12, 2012 12:43am
Quoting Balmain Boy
Wow!! That's horrendous .
Why do choose to you deal with them when there's so much competition in the marketplace for your business these days ?

BTW , hitting your price again here - new Hi of 1.04227 bid
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.
Time turns trend. - W.D. Gann
  • #56,187
  • Nov 12, 2012 12:48am Nov 12, 2012 12:48am
Quoting ForExtraPips
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.
3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM...

I could care less about 2-5 pip difference in spread as I normally target +300 pips per trade. Don't always get it, but I'm definitely not out trying to get 5-10 pips per trade.

I would rather have my capital safe with a reliable brokerage firm and pay a slightly steeper spread then get with some "fly by night" brokerage firm that offers all kinds of perks and bonuses.

People often forget about the return OF their investment rather than the return ON their investment.
  • #56,188
  • Nov 12, 2012 12:50am Nov 12, 2012 12:50am
Quoting ForExtraPips
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.
I've currently got .6 for a/u and .3 for e/u with Pepperstone.
FF journal: Peaks and Troffs
  • #56,189
  • Nov 12, 2012 12:54am Nov 12, 2012 12:54am
Quoting ForExtraPips
Because I normally trade the E/U, which they offer a reasonable spread, but after adding the AUD to my trading, I may have to shop around for a better spread. Thanks for the heads up.

I use this firm , 0.7 pips for EUR/USD as well ; http://www.cmcmarkets.com.au/cfd/spr...r-lowest-costs
And this shows their average spreads as well as their mininum - very competitive ; http://www.cmcmarkets.com.au/cfd/spr...ypical-spreads
  • #56,190
  • Nov 12, 2012 12:56am Nov 12, 2012 12:56am
Quoting bogus
I've currently got .6 for a/u and .3 for e/u with Pepperstone.
I've also heard PepperStone has good rates as well, is this the "razor" account?
  • #56,191
  • Nov 12, 2012 12:59am Nov 12, 2012 12:59am
Quoting Balmain Boy
I use this firm , 0.7 pips for EUR/USD as well ; http://www.cmcmarkets.com.au/cfd/spr...r-lowest-costs
And this shows their average spreads as well as their mininum - very competitive ; http://www.cmcmarkets.com.au/cfd/spr...ypical-spreads
you have a comission per trade?
  • #56,192
  • Nov 12, 2012 1:00am Nov 12, 2012 1:00am
Quoting 100PipsADay
3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM...

I could care less about 2-5 pip difference in spread as I normally target +300 pips per trade. Don't always get it, but I'm definitely not out trying to get 5-10 pips per trade.

I would rather have my capital safe with a reliable brokerage firm and pay a slightly steeper spread then get with some "fly by night" brokerage firm that offers all kinds of perks...
I can certainly see why a tight spread isn't as imperative to you as it is to me .
I'm a jobber - have been for over 25 years . Tight spreads are a fundamental requirement for me .
  • #56,193
  • Nov 12, 2012 1:00am Nov 12, 2012 1:00am
Quoting Tim_isoara
you have a comission per trade?
No .
  • #56,194
  • Nov 12, 2012 1:01am Nov 12, 2012 1:01am
Quoting 100PipsADay
I've also heard PepperStone has good rates as well, is this the "razor" account?
Sorry, Plus commission. Still works out great. Yes Razor a/c.
FF journal: Peaks and Troffs
  • #56,195
  • Nov 12, 2012 1:05am Nov 12, 2012 1:05am
Quoting 100PipsADay
3.3 is not THAT bad... Unless of course you are using some sort of High Frequency trading EA (bot) and are doing hundreds or even thousands of trades a month. I'm getting 2.7 with FXCM...

I could care less about 2-5 pip difference in spread as I normally target +300 pips per trade. Don't always get it, but I'm definitely not out trying to get 5-10 pips per trade.

I would rather have my capital safe with a reliable brokerage firm and pay a slightly steeper spread then get with some "fly by night" brokerage firm that offers all kinds of perks...
Good point in your analogy on spreads. I'm satisfied with IBFX. And like you, a lot of my "set an forget" trades are for a higher amount of pips.
Time turns trend. - W.D. Gann
  • #56,196
  • Nov 12, 2012 1:12am Nov 12, 2012 1:12am
Quoting Balmain Boy
I can certainly see why a tight spread isn't as imperative to you as it is to me .
I'm a jobber - have been for over 25 years . Tight spreads are a fundamental requirement for me .
I understand. Different strategies have different needs. Like I always say, find whatever works for you and stick with it! Forgot to mention, your spreads definitely are competitive! 0.7... WOW!
  • #56,197
  • Nov 12, 2012 1:13am Nov 12, 2012 1:13am
Quoting bogus
Sorry, Plus commission. Still works out great. Yes Razor a/c.
Nice! When I was comparing brokers I noticed the Razor accounts had really tight spreads! But I don't think they allow US citizens, could be wrong though...
  • #56,198
  • Nov 12, 2012 1:18am Nov 12, 2012 1:18am
Quoting 100PipsADay
Nice! When I was comparing brokers I noticed the Razor accounts had really tight spreads! But I don't think they allow US citizens, could be wrong though...
I think so, move to Monaco with me
FF journal: Peaks and Troffs
  • #56,199
  • Nov 12, 2012 1:20am Nov 12, 2012 1:20am
Quoting bogus
I think so, move to Monaco with me
Hahaha. I'm definitely getting the hell out of the US as soon as my finances allow me to.

Have a few different places on my radar!
  • #56,200
  • Nov 12, 2012 1:30am Nov 12, 2012 1:30am
Anybody know if the US stock market is open tomorrow? Reason I ask is because it is "Veteran's Day" so I'm not sure...

Thank you in advance!
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