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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #65,661
  • Feb 6, 2013 2:00am Feb 6, 2013 2:00am
Quoting chodd22
www.fortrix.com

Better lock it up...its a hit!

Some scam site is in progress
  • #65,662
  • Feb 6, 2013 2:12am Feb 6, 2013 2:12am
Quoting PipTrapper
That's not right. S/L and T/P should be independent to each position. There is no automatic synchronization setting that I know of in MT4... unless you've installed an EA that does it for you.

Perhaps you best contact FXCM support.
PT,

I contacted them earlier and they said it had something to do with FIFO regulations. Not entirely sure though... Thinking about going back for a second opinion and see if I can get this fixed.
  • #65,663
  • Feb 6, 2013 2:14am Feb 6, 2013 2:14am
Quoting rekon67
Not sure if FXCM MT4 does that. I think it is the free margin which auto calculates and if the positions are in negative then it automatically close position(s).
Hi Rekon,

Thanks for the reply, problem is the lots are small in comparison to total margin available and they were actually all in profit... Going to check back with FXCM support for details.
  • #65,664
  • Feb 6, 2013 2:42am Feb 6, 2013 2:42am
This is what they said:

FXCM - Boaz: according to FIFO rules, after you opened these positions, you can either set a NET SL like you just did
FXCM - Boaz: or, create new entry orders to close parts of your position

Damn US regulations...
  • #65,665
  • Feb 6, 2013 2:52am Feb 6, 2013 2:52am
Quoting 100PipsADay
This is what they said:

FXCM - Boaz: according to FIFO rules, after you opened these positions, you can either set a NET SL like you just did
FXCM - Boaz: or, create new entry orders to close parts of your position

Damn US regulations...
I don't know if it's the regs bro. I'm in the US and I don't have that issue with my broker. That's why I was surprised when you posted it over on the GU thread. I'd pitch a bitch to them or switch brokers myself.
Ghost Rider - WWTBMD?
  • #65,666
  • Feb 6, 2013 2:54am Feb 6, 2013 2:54am
Quoting albchr
I don't know if it's the regs bro. I'm in the US and I don't have that issue with my broker. That's why I was surprised when you posted it over on the GU thread. I'd pitch a bitch to them or switch brokers myself.
Yea man it is pretty irritating to say the least! I need to figure out what I am going to do as I wanted to test a system which uses a set SL and TP for each position...
  • #65,667
  • Feb 6, 2013 3:06am Feb 6, 2013 3:06am
Quoting 100PipsADay
Yea man it is pretty irritating to say the least! I need to figure out what I am going to do as I wanted to test a system which uses a set SL and TP for each position...
This system is not good for any strategy you want to sketch and test. Even I dont think with this system any EA would work!
  • #65,668
  • Feb 6, 2013 3:09am Feb 6, 2013 3:09am
Quoting rekon67
This system is not good for any strategy you want to sketch and test. Even I dont think with this system any EA would work!
LOL you are 100% right!

I may have to use another broker to demo test this strategy for the next 6 months or so...
  • #65,669
  • Feb 6, 2013 6:59am Feb 6, 2013 6:59am
Quoting 100PipsADay
This is what they said:

FXCM - Boaz: according to FIFO rules, after you opened these positions, you can either set a NET SL like you just did
FXCM - Boaz: or, create new entry orders to close parts of your position

Damn US regulations...
What I did to get around the FIFO was to slightly change my position size. OANADA uses units so my 1st pos would be 5000 my 2nd 5001 and my 3rd 5002.
Trade smaller than rational because the market is irrational...
  • #65,670
  • Feb 6, 2013 8:12am Feb 6, 2013 8:12am
Good morning,
an update on the Euro, 4-hour chart:

http://www.forexfactory.com/attachme...1&d=1360159757

In days like today, where the daily support as already traded (yesterday at 1.3460 area) and we are waiting for important news (tomorrow's ECB meeting) the market will tend to move sideways finding support at previous traditional measured moves, here 1.3520 and 1.3510 area.

A price falling below 1.3495 would probably imply a retest of support in the 1.3460 and a new long opportunity (this would be a gift, and market does not make gifts often).

We have targets above in the 1.3830 and price could go higher. I think tomorrow's ECB will help the current long setup.

Let me know your thoughts and what your analysis is saying to this regard.

Trade safe.
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,671
  • Feb 6, 2013 8:16am Feb 6, 2013 8:16am
Quoting fibstalker
Good morning,
an update on the Euro, 4-hour chart:



In days like today, where the daily support as already traded (yesterday at 1.3460 area) and we are waiting for important news (tomorrow's ECB meeting) the market will tend to move sideways finding support at previous traditional measured moves, here 1.3520 and 1.3510 area.

A price falling below 1.3495 would probably imply a retest of support in the 1.3460 and a new long opportunity (this would be...
perfect, anything around 1.35 or below seems good buy.
  • #65,672
  • Feb 6, 2013 9:00am Feb 6, 2013 9:00am
Agree, bulls in control on the 15min chart and 1.3500 area confirmed support (it could hold on a retest).
Cheers


Quoting rekon67
perfect, anything around 1.35 or below seems good buy.
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,673
  • Feb 6, 2013 9:04am Feb 6, 2013 9:04am
Quoting fibstalker
Agree, bulls in control on the 15min chart and 1.3500 area confirmed support (it could hold on a retest).
Cheers
fib,

when does draghi's firework show begin? is it during ny session or london?
  • #65,674
  • Feb 6, 2013 9:28am Feb 6, 2013 9:28am
Quoting pkimnyc
fib,

when does draghi's firework show begin? is it during ny session or london?
round trip, pk. didn't get sea sick either........
  • #65,675
  • Feb 6, 2013 9:31am Feb 6, 2013 9:31am
Quoting roro53
round trip, pk. didn't get sea sick either........
lol. very good rob. downward move is weakening so far. buyers accumulating their contracts, hopefully?
  • #65,676
  • Feb 6, 2013 9:48am Feb 6, 2013 9:48am
If history repeats we could have a bid tomorrow morning London and then a continuation higher.
I don't know how it is going to play because I don't have the crystal ball, but the most important thing is that we traded support before the announcement.

Now, since I think program trading always anticipate news, I anticipate a continuation higher tomorrow due to news. How and when it's hard if not impossible to me...

I will stick to watching the relevant levels that you know about
Hope this helps


Quoting pkimnyc
fib,

when does draghi's firework show begin? is it during ny session or london?
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,677
  • Feb 6, 2013 9:59am Feb 6, 2013 9:59am
Quoting fibstalker
If history repeats we could have a bid tomorrow morning London and then a continuation higher.
I don't know how it is going to play because I don't have the crystal ball, but the most important thing is that we traded support before the announcement.

Now, since I think program trading always anticipate news, I anticipate a continuation higher tomorrow due to news. How and when it's hard if not impossible to me...

I will stick to watching the relevant levels that you know about
Hope this helps
No worries mate.

Just needed to know which session he is going to take in place for the fire work. Pound yen also looks like its getting ready to shoot upwards.
  • #65,678
  • Feb 6, 2013 10:05am Feb 6, 2013 10:05am
If price breaks that red trend line, I see EUR/USD going up to 3560 (light blue)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-02-06 at 10.03.51 AM.png Size: 67 KB
Do what you are afraid to do -Emerson
  • #65,679
  • Feb 6, 2013 10:12am Feb 6, 2013 10:12am
Quoting pkimnyc
No worries mate.

Just needed to know which session he is going to take in place for the fire work. Pound yen also looks like its getting ready to shoot upwards.
The rate decision is at 7:45 (Eastern US) The press confrence usually starts at 8:30AM (Eastern US)

07:45 http://www.dailyfx.com/design/fxcm/i...2/flag-eur.png EUR European Central Bank Rate Decision (FEB 7) High
Trade smaller than rational because the market is irrational...
  • #65,680
  • Feb 6, 2013 10:15am Feb 6, 2013 10:15am
Quoting EuroTraderJD
The rate decision is at 7:45 (Eastern US) The press confrence usually starts at 8:30AM (Eastern US)

07:45 http://www.dailyfx.com/design/fxcm/i...2/flag-eur.png EUR European Central Bank Rate Decision (FEB 7) High
thanks mate.
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