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AUD/USD

  • #63,181
  • Aug 28, 2013 8:33pm Aug 28, 2013 8:33pm
That 10pips movement and 0.896 holds strong
Logics do not apply in FOREX
  • #63,182
  • Aug 28, 2013 8:39pm Aug 28, 2013 8:39pm
wheeew, the data is too good to be true,, and trigger many sell,.... and then the sell get closed, .. it should goes up again... anytime soon... i guess
  • #63,183
  • Aug 28, 2013 8:43pm Aug 28, 2013 8:43pm
Quoting Gwan
wheeew, the data is too good to be true,, and trigger many sell,.... and then the sell get closed, .. it should goes up again... anytime soon... i guess
Yes, the movement is really volatile, currently, trying out a small profit, open 0.897 tp at 0.898
Logics do not apply in FOREX
  • #63,184
  • Aug 28, 2013 8:44pm Aug 28, 2013 8:44pm
  • #63,185
  • Aug 28, 2013 8:48pm Aug 28, 2013 8:48pm
A lot of you should be including evidence with your posts. Otherwise we can just assume you are guessing. Thanks!
  • #63,186
  • Aug 28, 2013 8:48pm Aug 28, 2013 8:48pm
Quoting bskwak1124
{quote} Yes, the movement is really volatile, currently, trying out a small profit, open 0.897 tp at 0.898

volatile?

how long u been trading aussie?

this is nothing....I have seen 100 pip plus moves after news....this 30 pip thing is peaceful waters....hmmm reminds me of a song....

Inserted Video


enjoy

Faller.
I don't trust any move - when you have profit...take it.
  • #63,187
  • Aug 28, 2013 8:50pm Aug 28, 2013 8:50pm
Quoting tony95
yep, huge spread opened on Oanda and knocked me out. 10+ pip spread. Guess it didn't matter, news was too good for a short trade
Try an ECN (I dont think Oanda is one). They route orders to liquidity centers. You pay a small commission, but major spreads rarely deviate from 1-3 pips
When the facts change I change my mind, what do you do sir
  • #63,188
  • Aug 28, 2013 8:55pm Aug 28, 2013 8:55pm
Quoting Pip Anon
{quote} Try an ECN (I dont think Oanda is one). They route orders to liquidity centers. You pay a small commission, but major spreads rarely deviate from 1-3 pips
im getting 1.8-2.2 on ECN
  • #63,189
  • Aug 28, 2013 8:57pm Aug 28, 2013 8:57pm
3.5 years with my broker , cants say bad
  • #63,190
  • Aug 28, 2013 8:58pm Aug 28, 2013 8:58pm
Quoting Pip Anon
{quote} Try an ECN (I dont think Oanda is one). They route orders to liquidity centers. You pay a small commission, but major spreads rarely deviate from 1-3 pips
When I become a master, I will move to futures. Currently, I prefer Oanda to ECN because an ECN will slip you. Oanda always honors my stop. I can avoid trading the news if I choose, so I prefer the spread widening to slippage. This may not make sense, but I feel like I can manage it better. A good ECN that didn't slip much would be nice. I was at MBT and the slippage was horendous, maybe this is why I am willing to put up with the spread widening.
  • #63,191
  • Aug 28, 2013 9:00pm Aug 28, 2013 9:00pm
Quoting tony95
{quote} When I become a master, I will move to futures. Currently, I prefer Oanda to ECN because an ECN will slip you. Oanda always honors my stop. I can avoid trading the news if I choose, so I prefer the spread widening to slippage. This may not make sense, but I feel like I can manage it better. A good ECN that didn't slip much would be nice. I was at MBT and the slippage was horendous, maybe this is why I am willing to put up with the spread widening.

try to use stop limit orders , to avoid slippege
  • #63,192
  • Aug 28, 2013 9:03pm Aug 28, 2013 9:03pm
Quoting Mad Russian
{quote} try to use stop limit orders , to avoid slippege

Thats a terrible idea, what happens when the stop doesnt fill? You get killed.


Long at .8953
  • #63,193
  • Aug 28, 2013 9:05pm Aug 28, 2013 9:05pm
Quoting tony95
{quote} Thats a terrible idea, what happens when the stop doesnt fill? You get killed. Long at .8953
where you going with your long ??
  • #63,194
  • Aug 28, 2013 9:09pm Aug 28, 2013 9:09pm
Feel like upside is limited to 8980 9000 level.

Tempted to short looking for retest of lows near 8890
  • #63,195
  • Aug 28, 2013 9:10pm Aug 28, 2013 9:10pm
Quoting Mad Russian
{quote} where you going with your long ??

8975 and 8995
  • #63,196
  • Aug 28, 2013 9:14pm Aug 28, 2013 9:14pm
Quoting tony95
{quote} When I become a master, I will move to futures. Currently, I prefer Oanda to ECN because an ECN will slip you. Oanda always honors my stop. I can avoid trading the news if I choose, so I prefer the spread widening to slippage. This may not make sense, but I feel like I can manage it better. A good ECN that didn't slip much would be nice. I was at MBT and the slippage was horendous, maybe this is why I am willing to put up with the spread widening.
I have been ok where Im at. But if a spread widens enough to stop you out, wouldnt that be equal to a slip?

Futures arent so bad I havent used Oanda but I just got with FXDD so I am hoping for good things.
When the facts change I change my mind, what do you do sir
  • #63,197
  • Aug 28, 2013 9:17pm Aug 28, 2013 9:17pm
Quoting Pip Anon
{quote} I have been ok where Im at. But if a spread widens enough to stop you out, wouldnt that be equal to a slip? Futures arent so bad I havent used Oanda but I just got with FXDD so I am hoping for good things.

Not the same. If I get slipped then I lost more money than I wanted to risk. If I get taken out because of widening, then I still only lost the max that I intended if the trade went bad. I can almost always avoid the widening by watching the news calendar.
  • #63,198
  • Aug 28, 2013 9:18pm Aug 28, 2013 9:18pm
Quoting tony95
{quote} Thats a terrible idea, what happens when the stop doesnt fill? You get killed. Long at .8953
I am from 0.8957 (long)

Cheers
  • #63,199
  • Aug 28, 2013 9:19pm Aug 28, 2013 9:19pm
Hi

Futures are for long term weeks to months. fx spot is good for short terms

cheers
  • #63,200
  • Aug 28, 2013 9:22pm Aug 28, 2013 9:22pm
Quoting lazy
Hi Futures are for long term weeks to months. fx spot is good for short terms cheers

That makes no sense, I know plenty of people who trade futures short term.
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