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Fail Better

  • #5,601
  • Jun 23, 2013 1:49am Jun 23, 2013 1:49am
Quoting eurotrash
Be careful when drawing levels and general charting on CFDs (e.g. your SPX from Oanda) as the PA and/or prices and subsequently the chart will often differ from the underlying futures. E.g. try using Oanda's Bund CFD chart for charting and you're dead meat as it's consistently out of line with the underlying.
Could you recommend some readily available charting software ? I use Oanda too. Thanks
  • #5,602
  • Jun 23, 2013 3:26am Jun 23, 2013 3:26am
Quoting kl1968
{quote} Could you recommend some readily available charting software ? I use Oanda too. Thanks
FXPro works well, is free and the demo feed does not time out.
I suggest you use it with the MT4 platform as it is stable, reliable and does not use a lot of resources on your PC (oh, and it is also free).
  • #5,603
  • Jun 23, 2013 4:38am Jun 23, 2013 4:38am
Quoting the_wizard
{quote} Daveone, That didn't take out the high of that thrust candle with any broker I have and I checked several. Your broker has done you like a kipper.
Whats your daily high? My oanda chart tells me it was 1602.5. When i check the following link for instance

http://www.google.com/finance/historical?q=INDEXSP:.INX

it says 1599.1.

Am i getting something wrong here or is oanda totally screwing with me?
  • #5,604
  • Jun 24, 2013 4:07pm Jun 24, 2013 4:07pm
Correct me if im wrong but there is a pretty good looking SPF on GBPCAD Daily this morning. Sorry cant post chart im at work
  • #5,605
  • Jun 24, 2013 4:23pm Jun 24, 2013 4:23pm
Quoting andyhardwick
Correct me if im wrong but there is a pretty good looking SPF on GBPCAD Daily this morning. Sorry cant post chart im at work

Watch out. If you zoom out it looks like a 4th time back to me.
Took it on the H1 and got stopped out. Then zoomed out.
4th time back (if you have the same analysis) is an automatic pass.
  • #5,606
  • Jun 24, 2013 7:42pm Jun 24, 2013 7:42pm
Interesting thanks mate, ill take a look when I get home
  • #5,607
  • Jun 25, 2013 4:33am Jun 25, 2013 4:33am
Quoting daveone
{quote} Whats your daily high? My oanda chart tells me it was 1602.5. When i check the following link for instance http://www.google.com/finance/historical?q=INDEXSP:.INX it says 1599.1. Am i getting something wrong here or is oanda totally screwing with me?
The high price on FxPro was 1597 bid.
  • #5,608
  • Jun 25, 2013 5:40am Jun 25, 2013 5:40am
Quoting daveone
{quote} Whats your daily high? My oanda chart tells me it was 1602.5. When i check the following link for instance http://www.google.com/finance/historical?q=INDEXSP:.INX it says 1599.1. Am i getting something wrong here or is oanda totally screwing with me?
Oanda's high was 1603.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX_500.png Size: 25 KB
  • #5,609
  • Jun 25, 2013 3:35pm Jun 25, 2013 3:35pm
Let's see if GU gives us an SFP.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 80 KB
  • #5,610
  • Jun 26, 2013 6:30pm Jun 26, 2013 6:30pm
We did not get the SFP which is not surprising given the size of the weekly BEOB.

Maybe we shall see a RR at this zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 72 KB
Click to Enlarge Name: gbpusdh1.png Size: 61 KB
  • #5,611
  • Edited 12:22am Jun 27, 2013 12:08am | Edited 12:22am
Yep, we got one.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 68 KB
  • #5,612
  • Jun 27, 2013 12:58am Jun 27, 2013 12:58am
Took two thirds profit at the bar lows and it is time to close it out.
Don't like the look of the PB forming.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 69 KB
  • #5,613
  • Jun 28, 2013 11:06am Jun 28, 2013 11:06am
Daveone and others,
Im in Canada, and by law we have to use Canadian brokers.
I have been screwed by Oanda on several occassions and the Bund is all messed up. The numbers don't match.
The only real alternative is FXCM, which has settled that lawsuit because they were cheating their customers on their fills.

Any idea of any other good Canadian FX brokers?

I don't want to chart on fxpro and then have to take trades on another platform, as it is a hassle, and it also
does not help the fact that the stop will still get taken out.
I once had a nzd/usd trade and the stop got taken out on a blip at 5 pm when the spread went to 89 pips.. WTF is that.. 89 pips!

Thanks for your replies,
Craig Goddard
  • #5,614
  • Jun 28, 2013 4:14pm Jun 28, 2013 4:14pm
Quoting liquidplaya
when the spread went to 89 pips..
!!!!! 89 pips!!!!!! i would swear if i wasnt lost for words!!!...HIJOS DE GRAN PUT......

when i was with oanda i didnt have a problem. the spreads widened but only when you would expect them to and not in the same league as 89 PIPS!!!!!!!


JON
PATIENCE... DISCIPLINE
  • #5,615
  • Jun 28, 2013 5:56pm Jun 28, 2013 5:56pm
oanda's kiwi spread goes straight up to 15 pips after ny closes and it constantly stays there for the next few hours. every night. i think thats still far too much.
since iam from germany i dont know any candian brokers, liquid. sorry.
  • #5,616
  • Jun 29, 2013 2:53am Jun 29, 2013 2:53am
After three weeks of testing 9 out of 13 blind SFP entries have worked so far. That makes a strike rate of 69%.
  • #5,617
  • Jun 29, 2013 12:43pm Jun 29, 2013 12:43pm
Quoting daveone
After three weeks of testing 9 out of 13 blind SFP entries have worked so far. That makes a strike rate of 69%.

hi. what are "blind" sfp entries? thanks
  • #5,618
  • Jun 29, 2013 4:29pm Jun 29, 2013 4:29pm
Quoting daveone
Another SFP working out great in USDJPY. Iam currently backtesting the outcome of trading SFPs blindly (placing the entry order at the swingpoint without waiting for hourly confirmation) and using a 24 period ATR stop placed above/beneath the Swing High/Low. So far strikerate is only 40% (5 trades), but the R is so much in my favour that iam still in profit. Dont have enough data yet and will keep on backtesting them. {image}
Page 277.
  • #5,619
  • Jun 29, 2013 8:11pm Jun 29, 2013 8:11pm
Quoting daveone
{quote} Whats your daily high? My oanda chart tells me it was 1602.5. When i check the following link for instance http://www.google.com/finance/historical?q=INDEXSP:.INX it says 1599.1. Am i getting something wrong here or is oanda totally screwing with me?

There's a difference between the cash and the future.

The future didn't go higher than the thrust candle, nor did the cash.

The high in the future was 1597 or thereabouts.

The high in the cash was 1603

If you don't know what you're trading, or are charting something completely different from what you're trading, then stop - IMMEDIATELY.
  • #5,620
  • Jun 30, 2013 5:15am Jun 30, 2013 5:15am
Happy Birthday, Tom
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