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  • #11,061
  • Mar 14, 2014 9:36am Mar 14, 2014 9:36am
Quoting Mafia
{quote} Yes agreed, 101.20 looks strong but SPX is falling and it will drag UJ along with it. Next target is 99.80 GoodLuck
Bears future is depending on SPX right now. It should cross 1800 today IMO.
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #11,062
  • Mar 14, 2014 9:45am Mar 14, 2014 9:45am
Quoting Mafia
{quote} Bears future is depending on SPX right now. It should cross 1800 today IMO.
You can wish in one hand and shit in the other and see which one fills up faster.
  • #11,063
  • Mar 14, 2014 9:48am Mar 14, 2014 9:48am
Quoting Fx3422271
{quote} You can wish in one hand and shit in the other and see which one fills up faster.
Hehehehehehehe

Just don't scratch your nose with either hand
  • #11,064
  • Mar 14, 2014 9:51am Mar 14, 2014 9:51am
Quoting Tony112
Next week there's only GBP Claimants!
Erm, I know you were considering it, but have you removed the German Zoo fest from your list of approved trades then?

H
  • #11,065
  • Mar 14, 2014 12:40pm Mar 14, 2014 12:40pm
Quoting Naokia980
{quote} What happened? Do they accept slippage or just "sorry"?

Hey guys so here's the email i got back from Dukascopy after complaining of a 60 pip slippage even after i used their own 'slippage control' with a 10 pip setting.

> thank you for your email.
>
> For entry orders you can apply slippage.
>
> The execution process of the stop loss order focuses on the probability of execution. The stop loss order aims to close the position it is associated with in any market situation, especially under volatile environment like it was due to a major news release concerning the AUD. As a result, the slippage of a stop loss order cannot be defined at the trader level. Once the stop loss is triggered, the market order sent is unconditional and the order is parameterized according to get the highest possible probability of execution at the best available price. We are handling stop loss order on a first come - first serve basis.
>
> If you have any further questions please do not hesitate to contact me.
>
> Kind regards
>
> Dirk
> Support Team
  • #11,066
  • Mar 14, 2014 1:03pm Mar 14, 2014 1:03pm
Futhermore, Dukascopy's own website says this about 'slippage control' :-

By using the Slippage Control Functionality you may preselect the maximum negative slippage that can affect the execution price of your orders. You may even totally exclude any negative slippage. However, keep in mind that reducing tolerance to slippage increases the probability of an order reject.


That means my order should have been a floating position instead of realizing a 60 pip loss over my initial stop loss with allowance for 10 pips with 'slippage control'


This is Forex Peace Army's Definition of massive slippage:-

You place (or close) an order at a certain price. Your broker fills your order at a worse price (the price "slips") and blames it on fast moving market conditions. Some brokers do this and only hit you for a few pips. Others will burn you for 20, 30, or even more.

This is so ridiculous!
  • #11,067
  • Mar 14, 2014 2:17pm Mar 14, 2014 2:17pm
Quoting nitecop
Futhermore, Dukascopy's own website says this about 'slippage control' :- By using the Slippage Control Functionality you may preselect the maximum negative slippage that can affect the execution price of your orders. You may even totally exclude any negative slippage. However, keep in mind that reducing tolerance to slippage increases the probability of an order reject. That means my order should have been a floating position instead of realizing a 60 pip loss over my initial stop loss with allowance for 10 pips with 'slippage control' This is...
Totally bullshit.. Do you have other massive slippage experience ? This only happened with dukasco... If you can show any failure proof of their liqiudity system, hope get some investigation process..What about "slippage control"?
  • #11,068
  • Mar 14, 2014 2:36pm Mar 14, 2014 2:36pm
Quoting Naokia980
{quote} Totally bullshit.. Do you have other massive slippage experience ? This only happened with dukasco... If you can show any failure proof of their liqiudity system, hope get some investigation process..What about "slippage control"?

Normally I don't have massive slippage with the exception of NFP but that is expected and usually it respect the 'slippage control' of 10 pips max which i have set by default.

This is not NFP and other traders with other brokers did not experience such a slippage, even if they did it should be a floating position due to an 'order reject' if they are unable to limit the damage to 10 pips due to slippage control or a slippage reasonable to other trader due to failure of the system, This is pure robbery.
  • #11,069
  • Mar 14, 2014 3:09pm Mar 14, 2014 3:09pm
Quoting Fx3422271
{quote} I think it is possible to make money every month consistently but it will take a lot of experience and a good broker.
Thanks, but is $500k and above too ambitious?
  • #11,070
  • Mar 14, 2014 9:08pm Mar 14, 2014 9:08pm
Quoting christian11
{quote} Thanks, but is $500k and above too ambitious?
For a newbie yes, absolutely.
  • #11,071
  • Mar 15, 2014 8:20am Mar 15, 2014 8:20am
Quoting nitecop
{quote} Normally I don't have massive slippage with the exception of NFP but that is expected and usually it respect the 'slippage control' of 10 pips max which i have set by default. This is not NFP and other traders with other brokers did not experience such a slippage, even if they did it should be a floating position due to an 'order reject' if they are unable to limit the damage to 10 pips due to slippage control or a slippage reasonable to other trader due to failure of the system, This is pure robbery.

What currency pair were you trading? I would have had 50-60 pip slippage on EUR/AUD @ admiral markets but luckily my software had a bug and it didn't open my orders
  • #11,072
  • Mar 15, 2014 8:51am Mar 15, 2014 8:51am
Hello everyone, happy weekend to all,

dont want to hijack your discussion, and since the market is closed I wanted to ask if someone can link me to the list of all big news i should watch out for, big movers. GBP, EUR, USD, JPY. Thanks alot.
  • #11,073
  • Mar 15, 2014 1:57pm Mar 15, 2014 1:57pm
Only Trade next week: GBP Claimant Count Change

SL: 18 pips TP: 100 pips No more no less

Good weekend to all

PS: Hope you are alive Tony after that EPIC WIN with NFP
  • #11,074
  • Mar 15, 2014 5:24pm Mar 15, 2014 5:24pm
Quoting dvanderlinde
Only Trade next week: GBP Claimant Count Change SL: 18 pips TP: 100 pips No more no less Good weekend to all PS: Hope you are alive Tony after that EPIC WIN with NFP

Good stuff... that's a good way to stay in control. For those you have slippage, you guys have to switch brokers....If you notice huge slippage you must change right away.
Invest in alarm clocks
  • #11,075
  • Mar 15, 2014 5:26pm Mar 15, 2014 5:26pm
Quoting masterok
Hello everyone, happy weekend to all, dont want to hijack your discussion, and since the market is closed I wanted to ask if someone can link me to the list of all big news i should watch out for, big movers. GBP, EUR, USD, JPY. Thanks alot.
Welcome! Page no. 1

Or FF calendar and filter by major news only (the red ones)
Invest in alarm clocks
  • #11,076
  • Mar 16, 2014 7:02am Mar 16, 2014 7:02am
Anybody tried this interesting tool?

http://www.forexpeacearmy.com/forex-...g-signals.html
  • #11,077
  • Mar 16, 2014 10:38am Mar 16, 2014 10:38am
What is your broker Tony ?
  • #11,078
  • Mar 16, 2014 1:20pm Mar 16, 2014 1:20pm
Quoting Moonie
Anybody tried this interesting tool? http://www.forexpeacearmy.com/forex-...g-signals.html
Yes I have played with it intermittently...It is a downloadable program which will instantly execute a trade on your mt4 based on the forecast vs actual news parameters which you set...Its been around for a number of years and its pretty cool...But like any other gun....I would try it out at the shooting range and see how it works for you...We have to choose our weapons carefully and if in the wrong hands, they can be dangerous!!! LOL
  • #11,079
  • Mar 16, 2014 2:13pm Mar 16, 2014 2:13pm
EU

1.4000 Is Psycological resistance and break above 1.4020 can go to 1.4140

1.3833 is acting as support and break below this value can bring consolidation area between 1.3800 and 1.3833. (My favourite area).

Break below 1.3800 can go to 1.3707.
Love for all; Hatred for none.
  • #11,080
  • Mar 16, 2014 2:22pm Mar 16, 2014 2:22pm
Nice one Wiggle. I tried it out on my Web-based demo account on Friday with UJ and took 20 pips, no hands, lol. This means I don't have to use my straddle strategy any more. I also believe you can use a VPN to set it up to trade by itself while you sleep.
[quote=Wigglesworth;7343516]{quote} Yes I have played with it intermittently...It is a downloadable program which will instantly execute a trade on your mt4 based on the forecast vs actual news parameters which you set...Its been around for a number of years and its pretty cool...But like any other gun....I would try it out at the shooting range and see how it works for you...We have to choose our weapons carefully and if in the wrong hands, they can be dangerous!!! LOL
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