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  • #11,461
  • Mar 24, 2014 2:03pm Mar 24, 2014 2:03pm
Quoting PipKiller
{quote} Now if I can only figure out how to save charts and trades as pictures on FXtrade I'll be fairly happy with it.
Snagit is a very nice programme that does just that, you can trial it (14 days I think) and if you like it I think it goes for something like US$ 50. I have to choose between funding my account on a monthly basis with that or buying Snagit...Funding wins everytime

Attached is a sample of what can be done with Snagit, you can add lines, arrows, commentary etc etc, if I can use it, being a techno peasant, then anyone can...

Cheers

H

Attached Image (click to enlarge)
Click to Enlarge Name: 2-12-2014 8-34-34 AM ECAD.png Size: 39 KB
  • #11,462
  • Mar 24, 2014 2:05pm Mar 24, 2014 2:05pm
Quoting NewToForex14
{quote} . but if you don't scalp, oanda is not too bad... just sharing my experience ..
Do I understand you correctly, Oanda makes themselves guilty of freezing platform etc etc just like the other bucket shops when it comes to scalping?

H

  • #11,463
  • Mar 24, 2014 2:30pm Mar 24, 2014 2:30pm
Quoting HannesJoub
{quote} Snagit is a very nice programme that does just that, you can trial it (14 days I think) and if you like it I think it goes for something like US$ 50. I have to choose between funding my account on a monthly basis with that or buying Snagit...Funding wins everytime Attached is a sample of what can be done with Snagit, you can add lines, arrows, commentary etc etc, if I can use it, being a techno peasant, then anyone can... Cheers H {image}
Chart capture should be part of the trading platform. I spent the better part of the morning trying to figure this out. Then I gave up and quit trading for the day a little early at just over break even went outside to work on my land for a bit and missed the 100 pip move I should have entered at 10:34am est as everything was green for launch and 100% within my trading plan DOH!!! Now that I missed that trade, I can spend the rest of the week being the whipping boy.

There are way too many FREE screen capture programs out there for me to pay for one. Anything else I can do in photoshop.
I don't care which way the market is going as long as it's going my way
  • #11,464
  • Mar 24, 2014 3:00pm Mar 24, 2014 3:00pm
Just want to mention that in my opinion (for what it's worth), mt4 is fine for some methods but there are superior platforms for trading. Especially when you are trying to trade news. I have an ecn broker and spreads do widen but there is not a plugin for the broker to mess with me. That plugin was a major reason why I have gotten away from trading a lot of methods on mt4.

If you are a US resident you don't have a lot of choices with brokers unless you have a large account and can afford A+ service. Most retail traders have to select from a narrow field of brokers.
  • #11,465
  • Mar 24, 2014 3:14pm Mar 24, 2014 3:14pm
Quoting HannesJoub
{quote} Do I understand you correctly, Oanda makes themselves guilty of freezing platform etc etc just like the other bucket shops when it comes to scalping? H
Hannes...yes, but the only way to find out is to try it yourself, right ? so, try it... put 1 lot, and go for a couple of pips on brake outs...maybe you wont get rich , but you will test your broker for sure...u'll see all the tricks...
it's a good idea to contact customer service and ask if they allow to scalp, and also ask , what's oandas definition of scalping... again, if u don't scalp, they are not bad for a bucket shop...
  • #11,466
  • Mar 24, 2014 3:58pm Mar 24, 2014 3:58pm
Quoting Electry
{quote} There is some, but just a little what I have experienced. During NFP I got 50 pip slippage on ECN broker and only like 16 in oanda. But for the smaller news like todays Flash news, there is maybe 1 or 2 pip slippage.

oh wow that's pretty contrasting, with dukascopy's stop loss slipage you usually get about 30-60 pips on aussie news based on my experiance, have you had anything like that on oanda on aussie pairs?

i also just called oanda and apprantly there's no FIFO rule for us canadian client, trying out their platform as well. any pointer from tony or any other would be much appreciated! will maybe add one of you for some kinda referal/rebate program if it applies
  • #11,467
  • Mar 24, 2014 7:15pm Mar 24, 2014 7:15pm
Quoting nitecop
{quote} oh wow that's pretty contrasting, with dukascopy's stop loss slipage you usually get about 30-60 pips on aussie news based on my experiance, have you had anything like that on oanda on aussie pairs? i also just called oanda and apprantly there's no FIFO rule for us canadian client, trying out their platform as well. any pointer from tony or any other would be much appreciated! will maybe add one of you for some kinda referal/rebate program if it applies
The maximum slippage I got with Oanda is 14 pips during the NFP with the USDJPY pair.
  • #11,468
  • Mar 25, 2014 12:53am Mar 25, 2014 12:53am
Quoting SaiLyfee
{quote} Hope it works out for you buddy.. I'm rooting for EU bears as well. {image}

lol patient bear
Invest in alarm clocks
  • #11,469
  • Mar 25, 2014 1:18am Mar 25, 2014 1:18am
Hmmm, I just realised something....

All this talk about slippage and brokers, means that ten to one, we are not trading this method as set out by Tony. I know that I am not trading it the way he intended. If you enter a long 2 mins before news, then slippage is not going to be a problem on entering the trade, perhaps on the SL side if the trade direction is actually a short....

My question is then, who besides Tony is actually trading this method the way it was intended? Any takers?

Cheers

H

  • #11,470
  • Mar 25, 2014 1:29am Mar 25, 2014 1:29am
I have also just realised something else ( I am on a roll here )

With this method ( and any other I suppose ) to be successful (profitable) in trading, you should endeavor to keep your lot sizes the same, regardless if you lost the previous trade...

The reason I say so, from looking at my trade explorer, I am positive by 100+ pips, but my equity is US$-3...In analysing the trades, I see that the large winners that I have had were at a far smaller lot size size than my losers...Were my winning trades the same size, my all time return since starting the trade explorer would have been in excess of 100%, all within a month...

I guess that is part of MM no? I also surmise that is why Tony advocates rebuilding your account after a loss to ensure that all trades are on an equal footing. This would then mean that a % of equity to risk per trade would not really be the correct way to make money in this business, after all the proof is in my trade explorer...we should rather be risking a fixed $ amount per trade.

Do I have this correct?

Cheers

H

  • #11,471
  • Mar 25, 2014 1:37am Mar 25, 2014 1:37am
Quoting HannesJoub
Hmmm, I just realised something.... All this talk about slippage and brokers, means that ten to one, we are not trading this method as set out by Tony. I know that I am not trading it the way he intended. If you enter a long 2 mins before news, then slippage is not going to be a problem on entering the trade, perhaps on the SL side if the trade direction is actually a short.... My question is then, who besides Tony is actually trading this method the way it was intended? Any takers? Cheers H
Bro.. i entered 2 mins before the news.
  • #11,472
  • Mar 25, 2014 1:51am Mar 25, 2014 1:51am
Quoting NickkiT
{quote} Bro.. i entered 2 mins before the news.
And you experienced slippage upon entering??? If so, run, run far away...If your SL got slipped, that is another story...

H

  • #11,473
  • Mar 25, 2014 1:55am Mar 25, 2014 1:55am
Quoting HannesJoub
Hmmm, I just realised something.... All this talk about slippage and brokers, means that ten to one, we are not trading this method as set out by Tony. I know that I am not trading it the way he intended. If you enter a long 2 mins before news, then slippage is not going to be a problem on entering the trade, perhaps on the SL side if the trade direction is actually a short.... My question is then, who besides Tony is actually trading this method the way it was intended? Any takers? Cheers H
I intend to use this system the way Tony intended, that is apart from the always buying part. And as for picking which high impact news to trade, I would also have to have some sort of opinion of the pair derived from my own PA/Volume analysis to make me want to commit to a trade in either direction. This being said, I still accept that the news can always go either way and any analysis is never guaranteed..
I am more inclined to use a 50 pip SL myself regardless of the news event and accept the loss while also accepting the wins
And lastly, I agree with your latter post, all trades taken with this system in my opinion should be maintained the same so that winners are able to effectively compensate for losses. That is after all, the name of the game here!
  • #11,474
  • Mar 25, 2014 2:14am Mar 25, 2014 2:14am
Quoting HannesJoub
{quote} And you experienced slippage upon entering??? If so, run, run far away...If your SL got slipped, that is another story... H

Its market execution and 2 mins before the news. So its is nice and calm, no slipping, like normal trading.

So far hit 1 stop loss on German ZEW Economic Sentiment, got stop at 18 pips + spread around 2 = 20 pips. (my bad, a mistake, next time i have changed sl to 15 only)

The rest is of the SL are usually BE, so the price wasn't spiking up and down to know if there will be any SL slippage.
  • #11,475
  • Mar 25, 2014 2:47am Mar 25, 2014 2:47am
Quoting Tony112
{quote} lol patient bear
Heh, I'm considering going short on this one with the Ifo business confidence..depending on what plays out in the first hour of LS..
  • #11,476
  • Mar 25, 2014 3:02am Mar 25, 2014 3:02am
Ready for the IFO?
  • #11,477
  • Mar 25, 2014 3:18am Mar 25, 2014 3:18am
Quoting Claudius
Ready for the IFO?

Will the IFO news be release 2 mins ahead at Rooster news?
  • #11,478
  • Mar 25, 2014 3:20am Mar 25, 2014 3:20am
Quoting SaiLyfee
{quote} Heh, I'm considering going short on this one with the Ifo business confidence..depending on what plays out in the first hour of LS..

Could u go long at USD/CAD , give it a big push please.
  • #11,479
  • Mar 25, 2014 3:21am Mar 25, 2014 3:21am
Quoting NickkiT
{quote} Will the IFO news be release 2 mins ahead at Rooster news?
negative. sharp on time.
  • #11,480
  • Mar 25, 2014 3:26am Mar 25, 2014 3:26am
Quoting NickkiT
{quote} Could u go long at USD/CAD , give it a big push please.
I'm actually short this pair myself..hopefully for your sake it retraces up so you can exit safely and then I can add more shorts before it carries on down significantly more Who actually knows where it will go next!
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