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  • #20,161
  • Dec 15, 2012 10:45pm Dec 15, 2012 10:45pm
Quoting pt49
Daily chart... they're not cartoons, sorry, but the red lines are hand drawn
Is this one a different TF? Do you think it's time to short?
BTW, nobody is required to post cartoons in this forum but posting cartoons is welcome.

http://www.forexfactory.com/attachme...1&d=1355632260
daddybearforex. com
  • #20,162
  • Dec 15, 2012 10:54pm Dec 15, 2012 10:54pm
Quoting pt49
End of week... the last candle had not finished, it was only 3 hours

The brokers clock time then was 11pm... Cyprus I think.
Is your broker located in Cyprus? My experience is that some brokers in Cyprus filtered the market data. When market moved higher they made the bid/ask much higher and vice versa.
daddybearforex. com
  • #20,163
  • Dec 15, 2012 11:01pm Dec 15, 2012 11:01pm
Quoting DaddyBear
Is your broker located in Cyprus? My experience is that some brokers in Cyprus filtered the market data. When market moved higher they made the bid/ask much higher and vice versa.
The reason I knew this fact was because I ran my ECN broker's data alongside with the Cyprus's broker's. I know why they did this. By doing so, the broker could trigger more SL and took traders' money "legally". When brokers give incentives to your deposits, you better be careful. Most likely they are bucket shops. I only trust the brokerage firms in the US and UK.
daddybearforex. com
  • #20,164
  • Dec 15, 2012 11:08pm Dec 15, 2012 11:08pm
Quoting DaddyBear
The reason I knew this fact was because I ran my ECN broker's data alongside with the Cyprus's broker's. I know why they did this. By doing so, the broker could trigger more SL and took traders' money "legally". When brokers give incentives to your deposits, you better be careful. Most likely they are bucket shops. I only trust the brokerage firms in the US and UK.
Without knowing their brokers are bucket shops is one main reason why people lose money in the Forex markets. Not because they couldn't trade well but once they are in that shop, their money will stay in those brokers' bank accounts forever.
daddybearforex. com
  • #20,165
  • Dec 15, 2012 11:09pm Dec 15, 2012 11:09pm
DB, the last chart was a daily, and the signal on Thursday was go short, however mr market kept pushing up.

The broker is AxiTrader based in Sydney Australia, but the server is based in USA while the timeline on the charts is the same timezone as Cyprus... go figure.

I have a SpartanFX platform running that shows Cyprus time also, but they are based in Hong Kong

A ForexFS (Australian) shows Cyprus time also

All are metatrader platforms

I mainly use FXTrek Intellicharts (on 7 monitors), and have them set to NY time

My live platform is on this computer and is metatrader
In the days of old when sailors were bold, and seldom if ever contented.
  • #20,166
  • Dec 15, 2012 11:19pm Dec 15, 2012 11:19pm
There have been some very positive developments regarding the fiscal cliff.
Yet, I think I am the only that thinks that aud will go down this week (well, for a while, anyway). Then again... I've been saying that for 3 weeks^^

Oddly enough, daily rsi and dmi say that nzd is by far more overbought than aud -Though ideally, I would have preferred to see a divergence. If divergence does form, nzd will first make a retraction down (this week) and then make a new a new high during the last week of December - only after that will it go much lower - thus, reversing.
  • #20,167
  • Dec 15, 2012 11:26pm Dec 15, 2012 11:26pm
Quoting DaddyBear
The reason I knew this fact was because I ran my ECN broker's data alongside with the Cyprus's broker's. I know why they did this. By doing so, the broker could trigger more SL and took traders' money "legally". When brokers give incentives to your deposits, you better be careful. Most likely they are bucket shops. I only trust the brokerage firms in the US and UK.
Having said that I trust the brokerage firms in the US and UK, I did not include the MM. An ECN broker's data changes all the time but some MM's data stay unchanged very often. If your broker provides 4 digits instead of 5, you are like sitting outside a stadium to watch the game inside.
daddybearforex. com
  • #20,168
  • Dec 15, 2012 11:32pm Dec 15, 2012 11:32pm
My live account broker is AxiTrader Pro account which is ECN.

Spreads vary between 0.2 and 0.5 pips e/u plus 0.7 pip commission per trade, so barring slippage they are about as tight as anyone.

Aud spread is about the same as euro
In the days of old when sailors were bold, and seldom if ever contented.
  • #20,169
  • Dec 15, 2012 11:32pm Dec 15, 2012 11:32pm
Quoting DaddyBear
Having said that I trust the brokerage firms in the US and UK, I did not include the MM. An ECN broker's data changes all the time but some MM's data stay unchanged very often. If your broker provides 4 digits instead of 5, you are like sitting outside a stadium to watch the game inside.
I've had no problems with Canadian fxcm brookerage (where I have only recently learned that it is possible to hedge after all), but I found mb trading to often miscalculate financial info, where they would 'adjust' your account due to 'some errors' in their favour at the end of each month.
  • #20,170
  • Dec 15, 2012 11:33pm Dec 15, 2012 11:33pm
Quoting DaddyBear
Having said that I trust the brokerage firms in the US .
LOL... tell that to anyone who was with Refco or MF Global

bummer... I was with Refco... got back 10% of my account.
In the days of old when sailors were bold, and seldom if ever contented.
  • #20,171
  • Dec 15, 2012 11:34pm Dec 15, 2012 11:34pm
Quoting pt49
The broker is AxiTrader based in Sydney Australia, but the server is based in USA while the timeline on the charts is the same timezone as Cyprus... go figure.

I have a SpartanFX platform running that shows Cyprus time also, but they are based in Hong Kong

A ForexFS (Australian) shows Cyprus time also
Don't you feel fishy about this situation? I believe they are all Cyprus brokers. They can register their companies anywhere in the world except the US and UK but still keep their operations in Cyprus. The server time tells nothing but truth.
daddybearforex. com
  • #20,172
  • Dec 15, 2012 11:38pm Dec 15, 2012 11:38pm
Quoting maximmm
There have been some very positive developments regarding the fiscal cliff.
Yet, I think I am the only that thinks that aud will go down this week (well, for a while, anyway). Then again... I've been saying that for 3 weeks^^

Oddly enough, daily rsi and dmi say that nzd is by far more overbought than aud -Though ideally, I would have preferred to see a divergence. If divergence does form, nzd will first make a retraction down (this week) and then make a new a new high during the last week of December - only after that will it go much lower -...
Wow man, you're not only trying to outthink the next move, but the next 3 moves... good luck with that.
In the days of old when sailors were bold, and seldom if ever contented.
  • #20,173
  • Dec 15, 2012 11:40pm Dec 15, 2012 11:40pm
Quoting pt49
LOL... tell that to anyone who was with Refco or MF Global

bummer... I was with Refco... got back 10% of my account.
I know not all US brokers are safe. But, dealing with a broker in Cyprus is not an easy task IMO.
daddybearforex. com
  • #20,174
  • Dec 15, 2012 11:41pm Dec 15, 2012 11:41pm
Quoting maximmm
I've had no problems with Canadian fxcm brookerage (where I have only recently learned that it is possible to hedge after all), but I found mb trading to often miscalculate financial info, where they would 'adjust' your account due to 'some errors' in their favour at the end of each month.
FXCM is a fine company IMO. I used its service before. The spreads were too wide.
daddybearforex. com
  • #20,175
  • Dec 15, 2012 11:48pm Dec 15, 2012 11:48pm
Quoting maximmm
There have been some very positive developments regarding the fiscal cliff.
Yet, I think I am the only that thinks that aud will go down this week (well, for a while, anyway). Then again... I've been saying that for 3 weeks^^
Don't worry. I am used to your downbeat sentiment for quite a long time already.
daddybearforex. com
  • #20,176
  • Dec 15, 2012 11:56pm Dec 15, 2012 11:56pm
Quoting DaddyBear
Don't worry. I am used to your downbeat sentiment for quite a long time already.
One day I shall be proven correct^^
  • #20,177
  • Edited 12:16am Dec 16, 2012 12:05am | Edited 12:16am
Quoting pt49
LOL... tell that to anyone who was with Refco or MF Global

bummer... I was with Refco... got back 10% of my account.
http://www.forexfactory.com/nfs/cust...atar8808_4.gif

Is your Avatar a kangaroo or a dog? Looks like a hybrid of them.
daddybearforex. com
  • #20,178
  • Dec 16, 2012 12:10am Dec 16, 2012 12:10am
Quoting maximmm
One day I shall be proven correct^^
As mentioned before, nobody was wrong in the Forex markets but right too soon. I was one of them.
daddybearforex. com
  • #20,179
  • Dec 16, 2012 12:13am Dec 16, 2012 12:13am
Quoting DaddyBear
As mentioned before, nobody was wrong in the Forex markets but right too soon. I was one of them.
One way to cure this problem is removing the battery from your mouse. When you are ready to trade, drive to a nearby hardware store to get the battery. By the time you are back to your trading desk, it is probably the right time to trade.
daddybearforex. com
  • #20,180
  • Edited 12:34am Dec 16, 2012 12:17am | Edited 12:34am
Quoting DaddyBear
One way to cure this problem is removing the battery from your mouse. When you are ready to trade, drive to a nearby hardware store to get the battery. By the time you are back to your trading desk, it is probably the right time to trade.
Or, may be taking a shower before entering the trade.

http://www.forexfactory.com/attachme...1&d=1353436494
daddybearforex. com
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