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  • #11,301
  • Mar 21, 2014 7:30am Mar 21, 2014 7:30am
Got filled without slip, SL @ BE

H
  • #11,302
  • Mar 21, 2014 7:32am Mar 21, 2014 7:32am
So, price turned around and took out the SL...

So be it.

A good week for me.

Stay well

H

  • #11,303
  • Mar 21, 2014 7:37am Mar 21, 2014 7:37am
Finally - nailed it!
So now I'm going for nothing or to re-coup this weeks losses.
Will be greedy on this one
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  • #11,304
  • Mar 21, 2014 8:16am Mar 21, 2014 8:16am
Quoting NikolasII
Finally - nailed it! So now I'm going for nothing or to re-coup this weeks losses. Will be greedy on this one {image}
Well done my friend...hope it works out for you. ENJOY

My SL got taken out by about 2 pips, so I missed out on a further 26 pip move...(that's on USDCAD btw)

That's the way the banana bends I guess.

Cheers

H

  • #11,305
  • Mar 21, 2014 9:25am Mar 21, 2014 9:25am
Greetings Ladies and Gentlemen..
Congrats on the winners...condolences on the losers of the CAD newstrade...I mistakenly set my alarm an hour late and missed the trade...Hoping for a long reversal of the Aud/Cad..up about 15 pips we'll see what happens...May everyone have a happy and healthy weekend!!:
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  • #11,306
  • Mar 21, 2014 9:53am Mar 21, 2014 9:53am
Quoting HannesJoub
{quote} Well done my friend...hope it works out for you. ENJOY My SL got taken out by about 2 pips, so I missed out on a further 26 pip move...(that's on USDCAD btw) That's the way the banana bends I guess. Cheers H
Yeah the bananas! Already looking at the next weeks calendar.
Closed my position with 26 pip profit when it started to look not so promising. Better to have a bird in the hands than a moose in the woods(Lithuanian proverb)
  • #11,307
  • Mar 21, 2014 10:33am Mar 21, 2014 10:33am
[quote=Wigglesworth;7356252]... Congrats on the winners...condolences on the losers.../quote]

Hey Wigglesworth, 5 min chart the EA is based on what?
I will stick around for FOMC to see if it will have any effects
  • #11,308
  • Mar 21, 2014 10:37am Mar 21, 2014 10:37am
Yeah, I am also looking at the FOMC later this evening (local time). Perhaps this Fisher dude drops some hints and the USD strengthens again?

Anyway, I am in it to win it (corny I know, but hey, there are no other cheer leaders here )

H

  • #11,309
  • Mar 21, 2014 10:53am Mar 21, 2014 10:53am
Quoting HannesJoub
Yeah, I am also looking at the FOMC later this evening (local time). Perhaps this Fisher dude drops some hints and the USD strengthens again? Anyway, I am in it to win it (corny I know, but hey, there are no other cheer leaders here ) H
Lets hope!
I have missed FOMC statement and Swiss Libor rates,but as I look in the charts for the Libor news USD/CHF had no sudden movement but a consistent upward move for a 3 hours totaling 50pips or so,just shows you that you have to be ready for anything,not just a shoot up in the matter of a few seconds.
  • #11,310
  • Mar 21, 2014 10:56am Mar 21, 2014 10:56am
[quote=NikolasII;7356377]
Quoting Wigglesworth
... Congrats on the winners...condolences on the losers.../quote] Hey Wigglesworth, 5 min chart the EA is based on what? I will stick around for FOMC to see if it will have any effects
Hi N-2,

Not using an EA on this trade if I understand you right....Did close out with a 30 pipper profit..On the FOMC may there will be some movement...Maybe some profit taking by the big boyz ahead of the weekend???
  • #11,311
  • Mar 21, 2014 10:57am Mar 21, 2014 10:57am
Quoting HannesJoub
Yeah, I am also looking at the FOMC later this evening (local time). Perhaps this Fisher dude drops some hints and the USD strengthens again? Anyway, I am in it to win it (corny I know, but hey, there are no other cheer leaders here ) H
GO HJ GO!!! (cheerleader)
  • #11,312
  • Edited 2:03pm Mar 21, 2014 12:08pm | Edited 2:03pm
Quoting Tony112
{quote} How do you know if they have good execution / less slippage?

It was a simple latency related tests as well as looking up order execution tests done in miliseconds at both dukascopy and ICmarkets, i found a number of websites doing the same exact tests, dukascopy had around 560 ms and icmarkets had around 180 ms, i don't believe this is counting distance travelled from computer to server. as a retail trader i feel this is as far as i can go before going to prime brokerages or being raped by bucketshops.

I also did a localized ping tests to both servers and icmarket took only 33 ms as opposed to dukascopy's 146 ms.. but i plan to eliminate that with a vps close by at equinix's data centre.
  • #11,313
  • Mar 21, 2014 12:54pm Mar 21, 2014 12:54pm
Well chaps & chappettes, that's me for the week. Bank stress seems to be a snoozeroni.

See you next week?

Stay well all.

Cheers

H

  • #11,314
  • Mar 21, 2014 2:51pm Mar 21, 2014 2:51pm
90.3% gain this week on a small account that I was playing with Price Action

Will do same next week as I'm not trading any news next week.

Will wait till April 1st to watch this unfold: http://www.forexfactory.com/news.php?do=news&id=475463

And to trade the AUD Interest Rate
7 pip SL 100 pip TP

and of course my favourite

NFP on April 4th

Have a good weekend all
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  • #11,315
  • Mar 21, 2014 3:59pm Mar 21, 2014 3:59pm
Quoting nitecop
{quote} It was a simple latency related tests as well as looking up order execution tests done in miliseconds at both dukascopy and ICmarkets, i found a number of websites doing the same exact tests, dukascopy had around 560 ms and icmarkets had around 180 ms, i don't believe this is counting distance travelled from computer to server. as a retail trader i feel this is as far as i can go before going to prime brokerages or being raped by bucketshops. I also did a localized ping tests to both servers and icmarket took only 33 ms as opposed to dukascopy's...
Hmmmmm....interesting... is there a way to check oanda and interactive brokers ?
  • #11,316
  • Mar 21, 2014 4:33pm Mar 21, 2014 4:33pm
I did one trade with this this week and increased 20%. Nice! I know the rules state not to try to pick direction and just expect a 50/50, but is anyone tried a specific methodology to help pick direction to get the win rate over 50%?

dvanderlinde... curious what you use as price action.

Considering trading both sides, as FX does. Another problem with that would be that you could only trade a smaller percent per trade... as Tony trades almost all his margin on one side each time.

el
  • #11,317
  • Mar 21, 2014 5:07pm Mar 21, 2014 5:07pm
Quoting elway
I did one trade with this this week and increased 20%. Nice! I know the rules state not to try to pick direction and just expect a 50/50, but is anyone tried a specific methodology to help pick direction to get the win rate over 50%? dvanderlinde... curious what you use as price action. Considering trading both sides, as FX does. Another problem with that would be that you could only trade a smaller percent per trade... as Tony trades almost all his margin on one side each time. el

if you understand stats and probability from a math perspective the odds are in your favour over the long term because if you pick say heads always then getting losses 20 times in a row is 1 in 1.049 million while flipping sides constantly mean your chances will always remain 1 out of 2.
  • #11,318
  • Mar 21, 2014 6:14pm Mar 21, 2014 6:14pm
how do you guys decide when to short or go long? I remember reading that Tony goes only long. Could someone please explain me these tactics. Thank you!
  • #11,319
  • Mar 21, 2014 8:54pm Mar 21, 2014 8:54pm
Quoting masterok
how do you guys decide when to short or go long? I remember reading that Tony goes only long. Could someone please explain me these tactics. Thank you!
For someone going long only or short only, the reward to risk ratio they are shooting for is 5:1 or better.

It's simple math. If you were trading the same lot size all month, in 10 trades, if you had 50% small losses, a couple stopped at break even, a couple small wins and only one that reaches target you would be 20 pips positive for the month.

-20
-20
-20
-20
-20
0
0
+10
+10
+100
=+20
I don't care which way the market is going as long as it's going my way
  • #11,320
  • Mar 21, 2014 9:02pm Mar 21, 2014 9:02pm
Quoting nitecop
{quote} if you understand stats and probability from a math perspective the odds are in your favour over the long term because if you pick say heads always then getting losses 20 times in a row is 1 in 1.049 million while flipping sides constantly mean your chances will always remain 1 out of 2.
Very well said!
I don't care which way the market is going as long as it's going my way
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