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  • #10,661
  • Mar 5, 2014 9:34pm Mar 5, 2014 9:34pm
Quoting Fx3422271
{quote} I don't know about your trades, but for me I know what the problem was. MT4 plots the charts using the "bid" price so therefore the charts are favorable for long positions. All of the times I have ever been stopped out unjustifiably I was in a short position.
Hmm Interesting concept FX and it seems that there is truth in this...Will have to check it out....From your recent charts it appears that you have taken a number of Eur shorts....But its a bit crazy because the Aud/Usd today...for me it was a buy and there was a 2 second peak spread of 12 pips + the 7 pip move downward = 19 pips...on a 15 pip SL..didn't stand a chance
  • #10,662
  • Mar 5, 2014 9:38pm Mar 5, 2014 9:38pm
Quoting Wigglesworth
{quote} Hmm Interesting concept FX and it seems that there is truth in this...Will have to check it out....From your recent charts it appears that you have taken a number of Eur shorts....But its a bit crazy because the Aud/Usd today...for me it was a buy and there was a 2 second peak spread of 12 pips + the 7 pip move downward = 19 pips...on a 15 pip SL..didn't stand a chance
Yes, that is exactly why I will only be entering into long positions because of the way that MT4 plots the charts. Yes, I actually lost my EUR/AUD trade tonight because of the spread widening. But, not because the price moved against me because it never did. Anyway, from now on only long positions. That EUR/AUD trade would have been a nice 70 pip profit in like 1 hour. lol
  • #10,663
  • Mar 5, 2014 9:46pm Mar 5, 2014 9:46pm
Quoting Fx3422271
{quote} Which broker do you have? I usually don't have slippage like that. I haven't had slippage like that in awhile.
IBFX I was thinking about having a set way of playing the smaller moves... play both sides, and have a 1:4 RR set from the get-go... but slippage like that would ruin the numbers.
  • #10,664
  • Mar 5, 2014 9:51pm Mar 5, 2014 9:51pm
Quoting Fx3422271
{quote} Which broker do you have? I usually don't have slippage like that. I haven't had slippage like that in awhile.
I have two accounts...A smaller one at Oanda and the primary one I use at ATC Brokers...Been with then for about 3 years...They are a STP affiliated with FXCM and charge a flat commission...They have excellent spreads during normal hours and I've generally been a trend trader...But over the last month or so, the markets have been really zany with little trend so I wanted a bit of an adrenaline rush and have been trying the news...It seems like many of the brokers slippage is getting out of control during news time..
  • #10,665
  • Mar 6, 2014 12:03am Mar 6, 2014 12:03am
Quoting jeetvirk
Thanks Tony {image}
Nice trade, I'm starting to think that with events that are slightly on the verge of acceptable RR volatility have the potential to be tradeble if they are combined with multiple high impact news at the same time (which may not always be aligned with the same exact news every month). The logic behind it is that the combined volatility does create a possibility of a nice spike and that alone could be worth the risk, perhaps a 10 SL and 40-50 TP for example.
  • #10,666
  • Mar 6, 2014 12:39am Mar 6, 2014 12:39am
Quoting dvanderlinde
{quote} Im talking about last months EUR Interest Rate would have needed a huge SL to catch the movement {image}
The actual rate decision didn't even cause this spike it was ECB Press Conference and I don't trade speeches so I won't even be trading tomorrow. It will be a nice day off!!! So you are totally correct about the BOE and ECB Rate Decisions. Ironically, they aren't even worth trading. But, I don't know about the Aussie news you been missing. It's been pretty awesome! Have a nice day off!!! lol​

Inserted Video
  • #10,667
  • Mar 6, 2014 2:52am Mar 6, 2014 2:52am
Well, I think I can safely chalk up this week to be a loser

However, I cannot blame the system. The bulk of my losses were due to my own stupidity / hormonalness, not the system. This mornings stuff...The day I change the way I trade the markets moves in a manner that would have complimented my just prior trading pattern hmmmm, someone said something about me having good luck yesterday Not a good way to start your day at 2 am local time. Had I stayed true to my original method, I would in all likelihood not be posting this and would rather have been having a very good day...

Anyway, life goes on, I will go back to my original method and grind it out until the gains come, that was the original idea, many "small" losses with few large wins and all ends in the green at the end of the day....

I've said it before, I need consistency and discipline.

Thanks for letting me rant.

Cheers

H
  • #10,668
  • Mar 6, 2014 2:55am Mar 6, 2014 2:55am
Quoting HannesJoub
Well, I think I can safely chalk up this week to be a loser However, I cannot blame the system. The bulk of my losses were due to my own stupidity / hormonalness, not the system. This mornings stuff...The day I change the way I trade the markets moves in a manner that would have complimented my just prior trading pattern hmmmm, someone said something about me having good luck yesterday Not a good way to start your day at 2 am local time. Had I stayed true to my original method, I would in all likelihood not be posting this and would...
I'm sure we all go through that. It really does take you to a low but as you said, life goes on. Live and learn brother. We shall win the war.
  • #10,669
  • Mar 6, 2014 4:15am Mar 6, 2014 4:15am
EUR ECB Press Conference in a few hours

take care everyone
  • #10,670
  • Mar 6, 2014 5:36am Mar 6, 2014 5:36am
I know that the best TV is the EUR/USD chart... anyway here you have the conference streaming:

http://www.ecb.europa.eu/press/tvser...140306.en.html
  • #10,671
  • Mar 6, 2014 5:50am Mar 6, 2014 5:50am
Get ready guys
Invest in alarm clocks
  • #10,672
  • Mar 6, 2014 7:14am Mar 6, 2014 7:14am
Quoting HannesJoub
Well, I think I can safely chalk up this week to be a loser However, I cannot blame the system. The bulk of my losses were due to my own stupidity / hormonalness, not the system. This mornings stuff...The day I change the way I trade the markets moves in a manner that would have complimented my just prior trading pattern hmmmm, someone said something about me having good luck yesterday Not a good way to start your day at 2 am local time. Had I stayed true to my original method, I would in all likelihood not be posting this and would...

if it helps, visualize this.. on a 4% risk per trade 20 trade losses back to back produces about 50% draw-down but it only requires only 3 wins in a row to regain the account back and have a nice profit.

with 2% those odds become even more in your favour, so yeah survival to produce those profits is definitely worth it! just have discipline no mater what even if the last 2 months were all losses straight it still doesn't matter
  • #10,673
  • Mar 6, 2014 7:16am Mar 6, 2014 7:16am
Quoting Claudius
I know that the best TV is the EUR/USD chart... anyway here you have the conference streaming: http://www.ecb.europa.eu/press/tvser...140306.en.html
excellent find, thank you
  • #10,674
  • Mar 6, 2014 7:27am Mar 6, 2014 7:27am
OMG
Invest in alarm clocks
  • #10,675
  • Mar 6, 2014 7:28am Mar 6, 2014 7:28am
yes OMG
  • #10,676
  • Mar 6, 2014 7:29am Mar 6, 2014 7:29am
@Nitecop

Thanks for the encouragement my friend.

@Tony

What, are you nervous?

I am in...

H
  • #10,677
  • Mar 6, 2014 7:38am Mar 6, 2014 7:38am
First attempt hit Sl second is going to BE

BUY EUR!!!!
  • #10,678
  • Mar 6, 2014 7:38am Mar 6, 2014 7:38am
omg that video makes all the difference! thanks again!!
  • #10,679
  • Mar 6, 2014 7:39am Mar 6, 2014 7:39am
i don't think I will live very long on this earth........
Invest in alarm clocks
  • #10,680
  • Edited 7:58am Mar 6, 2014 7:39am | Edited 7:58am
UJ Long @ +10 pips

EU Long @ +20pips

Of course this happens when I had reduced my lot size
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