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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #11,421
  • Nov 10, 2013 3:18pm Nov 10, 2013 3:18pm
Oh 10 lots minimum?
Thanks for sharing, that seem like no go for me then.
  • #11,422
  • Nov 10, 2013 3:42pm Nov 10, 2013 3:42pm
Quoting PipTrapper
{quote} I'll take that as a compliment. in-cor-ri-gi-ble: (adjective)... not easily swayed or influenced.
Wherever you go, there you are.
  • #11,423
  • Nov 10, 2013 4:06pm Nov 10, 2013 4:06pm
Quoting RamsesII
{quote} i actually have a plus500 account, original leverage was 10:1, 2.50 spread, min 1 lot when i started... now it's 2:1 leverage, 4.20 spread, min 10 lots... pointless
woah, are they crazy?
  • #11,424
  • Nov 10, 2013 4:10pm Nov 10, 2013 4:10pm
Quoting infinitus
{quote} woah, are they crazy?
they probably lost a bunch on the recent btc spike and are giving up on it completely!
Don't have an ego. Always question yourself and your ability.
  • #11,425
  • Nov 10, 2013 4:18pm Nov 10, 2013 4:18pm
Quoting RamsesII
{quote} they probably lost a bunch on the recent btc spike and are giving up on it completely!
When you see wide spreads and high minimum contracts, that's usually a sign of low liquidity.
It's counter productive for the instrument's tradability but it protects the brokers and dealers.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,426
  • Nov 10, 2013 4:47pm Nov 10, 2013 4:47pm
Quoting PipTrapper
{quote} When you see wide spreads and high minimum contracts, that's usually a sign of low liquidity. It's counter productive for the instrument's tradability but it protects the brokers and dealers.
Threw in C100 a couple weeks back, buying bitcoins, take it up to 900 profit so am thinking that's enough and the rules are changing so i throw on a cable short thursday up at 6100 for 40k units and find out that i'm losing basically $10/day in "swap"!... I'm looking to offset this position shortly, but i like the entry as a swing position!
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Don't have an ego. Always question yourself and your ability.
  • #11,427
  • Nov 10, 2013 4:53pm Nov 10, 2013 4:53pm
Quoting RamsesII
{quote} Threw in C100 a couple weeks back, buying bitcoins, take it up to 900 profit so am thinking that's enough and the rules are changing so i throw on a cable short thursday up at 6100 for 40k units and find out that i'm losing basically $10/day in "swap"!... I'm looking to offset this position shortly, but i like the entry as a swing position! {image}
$10/day to hold 40k short on Cable? Holy crap that's expensive.
I'm short 175K and only paying €4.90/day ($6.54/day)
Those who say it cannot be done should not interrupt those who are doing it
  • #11,428
  • Nov 10, 2013 4:59pm Nov 10, 2013 4:59pm
Quoting PipTrapper
{quote} $10/day to hold 40k short on Cable? Holy crap that's expensive. I'm short 175K and only paying €4.90/day ($6.54/day)

and that is expensive, too


I am only paying 1,41 € per 1 Lot at Dukascopy
  • #11,429
  • Nov 10, 2013 4:59pm Nov 10, 2013 4:59pm
Quoting PipTrapper
{quote} $10/day to hold 40k short on Cable? Holy crap that's expensive. I'm short 175K and only paying €4.90/day ($6.54/day)
i wonder if it's doing it twice because my base account is CAD on top of their already high rates
Don't have an ego. Always question yourself and your ability.
  • #11,430
  • Nov 10, 2013 5:03pm Nov 10, 2013 5:03pm
Quoting RamsesII
{quote} i wonder if it's doing it twice because my base account is CAD on top of their already high rates

with CAD as base currency you would have to pay 1,97 CAD per 1 Lot at Dukascopy
  • #11,431
  • Nov 10, 2013 5:07pm Nov 10, 2013 5:07pm
Quoting RamsesII
{quote} i wonder if it's doing it twice because my base account is CAD on top of their already high rates
Perhaps it's because Wednesday was triple swap, so that $30 was actually 5 day which equals ~$6/day
Regardless, still expensive for 40k
Those who say it cannot be done should not interrupt those who are doing it
  • #11,432
  • Nov 10, 2013 5:07pm Nov 10, 2013 5:07pm
Quoting infinitus
{quote} and that is expensive, too I am only paying 1,41 € per 1 Lot at Dukascopy
Yes I know Dukascopy is cheaper. I hate you
Those who say it cannot be done should not interrupt those who are doing it
  • #11,433
  • Nov 10, 2013 5:08pm Nov 10, 2013 5:08pm
Quoting RamsesII
{quote} Threw in C100 a couple weeks back, buying bitcoins, take it up to 900 profit so am thinking that's enough and the rules are changing so i throw on a cable short thursday up at 6100 for 40k units and find out that i'm losing basically $10/day in "swap"!... I'm looking to offset this position shortly, but i like the entry as a swing position! {image}
GBP market rate swaps are -0.115 pips per day, so that would be about 4USD *0.115 = 0.46USD in swaps per day. you are getting ripped off with 10USD per day
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  • #11,434
  • Nov 10, 2013 5:19pm Nov 10, 2013 5:19pm
Are u with oanda? Just checked mine and they charge sat and sun.
2,2e for 1lot. Didnt even consider about that swap...

Anybody checking EUR/JPY? Thinking of jumping in short on this tl
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  • #11,435
  • Nov 10, 2013 5:21pm Nov 10, 2013 5:21pm
Quoting Vladimir1987
Are u with oanda? Just checked mine and they charge sat and sun. 2,2e for 1lot. Didnt even consider about that swap... Anybody checking EUR/JPY? Thinking of jumping in short on this tl {image}
A short EUR/JPY would be a great play on a risk aversion theme, but I don't see that yet unless Friday's equity rally was a fakeout.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,436
  • Nov 10, 2013 5:24pm Nov 10, 2013 5:24pm
Quoting JeremyWS
{quote} GBP market rate swaps are -0.115 pips per day, so that would be about 4USD *0.115 = 0.46USD in swaps per day. you are getting ripped off with 10USD per day {image}
lets call it a warning to others!
Don't have an ego. Always question yourself and your ability.
  • #11,437
  • Nov 10, 2013 5:30pm Nov 10, 2013 5:30pm
Quoting PipTrapper
{quote} A short EUR/JPY would be a great play on a risk aversion theme, but I don't see that yet unless Friday's equity rally was a fakeout.

I see your point had to think about it first since im more ore less in the dark with those kind of correlation/fundamentals.
  • #11,438
  • Nov 10, 2013 6:11pm Nov 10, 2013 6:11pm
Quoting PipTrapper
{quote} A short EUR/JPY would be a great play on a risk aversion theme, but I don't see that yet unless Friday's equity rally was a fakeout.
i never understand this risk aversion play on euro it doesn't make any sense. before in crisis in 2009 everyone was talking about risk aversion and risk appetite but logically it doesn't make any sense to me because when considering taking a more risk should results in more reward but where is the big reward buying euro with rates now 0.25%, so what i mean there is no reward in holding euro in the mean time. AUD and NZD are both good currencies for risk appetite according to their high interest rates.!

i would like to hear from you if you have other thinking PT.
  • #11,439
  • Nov 10, 2013 8:44pm Nov 10, 2013 8:44pm
Quoting janpec1000
Ok so i had nothing to do and just maybe contributed some simple and robust trading setup called bearish/bullish wedge with upper resistance or lower support. It is highly successful pattern the only required thing i use for drawing it is that there has to be presence of lower low fail ("double bottom") or a fail of higher high ("double top"). {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Hello Jan, i see ichimoku clouds in background of your chart, please can you tell me the settings you use the ichimoku, thanks and good trading.

I always use wedges for analysis as well.
  • #11,440
  • Nov 10, 2013 8:45pm Nov 10, 2013 8:45pm
Euro Weekly chart about to enter last low volume support zone (springboard area) :

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