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Dragon Riders GBP/JPY

  • #7,581
  • Mar 16, 2015 3:08am Mar 16, 2015 3:08am
Quoting Hickson
{quote} I know, but why would one trade with a bucket shop?

Even when not trading with a bucket shop via MT4:

one never knows......
  • #7,582
  • Mar 16, 2015 3:15am Mar 16, 2015 3:15am
After getting burned many times in the past, I stopped using stops and limits and manually do it instead. It's a pain but it avoids any slippages on my account. I do use the alerts on MT4 which proved to be helpful.
Lost....
  • #7,583
  • Mar 16, 2015 3:16am Mar 16, 2015 3:16am
Quoting infinitus
{quote} Even when not trading with a bucket shop via MT4: one never knows......
Well, so you have to go to a browser platform ... but often lacks analytical tools .. which may be used in MT4 of course.
Fix up, trade sharp ...
  • #7,584
  • Mar 16, 2015 3:17am Mar 16, 2015 3:17am
Quoting infinitus
{quote} Schickeria explained it yesterday nicely, and I think Chris linked the video in the response to you. MT4 is nice for some calculations, indicators etc., but I would never trade with it. Never...... MT4 was designed to give the broker all advantages.....
What platform do you trade with Infinitus?

I don't really understand. The market is the same no matter which program you use to access it?
  • #7,585
  • Mar 16, 2015 3:17am Mar 16, 2015 3:17am
Quoting Hickson
{quote} I know, but why would one trade with a bucket shop?
Not always easy to tell which ones are. Like here in the states? Bucket shops are all we have when you're below a certain level of funding ability. So for new traders or those who can't command large accounts, it can be a real minefield out there.
Ghost Rider - WWTBMD?
  • #7,586
  • Mar 16, 2015 3:25am Mar 16, 2015 3:25am
Quoting gespiri
After getting burned many times in the past, I stopped using stops and limits and manually do it instead. It's a pain but it avoids any slippages on my account. I do use the alerts on MT4 which proved to be helpful.

Hi Gespiri,

yes, that is a way one can go: to hide SL and limits etc. But I think it is a bad way of trading (from the point of handling)
  • #7,587
  • Mar 16, 2015 3:29am Mar 16, 2015 3:29am
Quoting Hickson
{quote} Well, so you have to go to a browser platform ... but often lacks analytical tools .. which may be used in MT4 of course.

Hi Hickson,

There are many trading platform on the market. But most comes with prices attached LOL

E.g.: Ninjatrader, or the platform Netdania provides.

But I can understand the various reasoning's to stay with MT4


Luckily for me, all that I need from MT4 is the volume data injected into Excel.
  • #7,588
  • Mar 16, 2015 3:33am Mar 16, 2015 3:33am
Quoting infinitus
{quote} Hi Hickson, There are many trading platform on the market. But most comes with prices attached LOL E.g.: Ninjatrader, or the platform Netdania provides. But I can understand the various reasoning's to stay with MT4 Luckily for me, all that I need from MT4 is the volume data injected into Excel.
Hey brother, long time. I love Ninja but man, what a resource hog on my humble little laptop. ....
Ghost Rider - WWTBMD?
  • #7,589
  • Mar 16, 2015 3:33am Mar 16, 2015 3:33am
Quoting alexpi
{quote} What platform do you trade with Infinitus? I don't really understand. The market is the same no matter which program you use to access it?

Hi Alexpi,

I use JForex Platform from Dukascopy.

Please go back a few postings in this thread to Schickerias posting:

watch the Video in this posting http://www.forexfactory.com/showthre...34#post8138034


and you can see, what brokers can do to you easily when using MT4
  • #7,590
  • Mar 16, 2015 3:34am Mar 16, 2015 3:34am
Quoting infinitus
{quote} Hi Gespiri, yes, that is a way one can go: to hide SL and limits etc. But I think it is a bad way of trading (from the point of handling)
Agree, Fini. For now, my trigger-finger reacts to its psychological stop/limit price when it hits regardless of PA. Quite hard if you are doing it while working full-time but for now it is a necessary inconvenience.
Lost....
  • #7,591
  • Mar 16, 2015 4:13am Mar 16, 2015 4:13am
Looks like 179.50 is positive so far. If so, 179.90/180 should become a valid target now.
Fix up, trade sharp ...
  • #7,592
  • Mar 16, 2015 4:26am Mar 16, 2015 4:26am
Quoting infinitus
{quote} Even when not trading with a bucket shop via MT4: one never knows......
Hey Infinitus,

You were talking yesterday about look-back periods yesterday 8h, 32h, 5 days, 32 days, 160 days, 864 days. I have some very basic question regarding this if you don't mind me asking. When you make a profile what time-frames to use, been trying them on 5 min TF for day trading, but as you discussed they are best in ranging markets, what to do when price moves out of range, do you look at higher TF for further clarity.

Say for example:

I used 5-min TF and made a profile for 8H, 32H, 5Days, 32days, how long will it be valid for. Till the time price is in the range ? How often one should make a profile for, like if market is in tight range, only the bars should change on each level. How do you decide on pip difference for each bar, short range and you can use 1-5 pips but when range is large ? Also the longer the bar, the more significant the levels becomes for reversing but again that needs to be taken carefully.

Thanx in advance.



  • #7,593
  • Mar 16, 2015 4:28am Mar 16, 2015 4:28am
Morning team,
And we're off. UK budget due on Wednesday, anyone got any thoughts. I plan on treating it as the same as NFP, stay flat and just react but I would imagine with all the political hot air the markets will react positively. I read somewhere that tax relief for the oil industry may be on the cards.
Maybe enough of a kick to start forexaliens wave 4?
  • #7,594
  • Mar 16, 2015 4:30am Mar 16, 2015 4:30am
Quoting Hickson
Looks like 179.50 is positive so far. If so, 179.90/180 should become a valid target now.
Good morning Hicks, am just watching at the minute! DPs looks good as always!
  • #7,595
  • Mar 16, 2015 4:34am Mar 16, 2015 4:34am
Quoting mrcreosote
{quote} I think it had something to do with a 'miracle economy' and the lost decade of the 90s. Thing is it turned into the lost '3 decades' so they've been trying to print there way out of deflation ever since.....
  • #7,596
  • Mar 16, 2015 4:37am Mar 16, 2015 4:37am
Quoting workingforex
{quote} Good morning Hicks, am just watching at the minute! DPs looks good as always!
Good morning workingforex, choppy trading though. 2 stop outs so far, this is the third trade. If it continues the chop, I will stand aside for a moment.
Fix up, trade sharp ...
  • #7,597
  • Mar 16, 2015 4:43am Mar 16, 2015 4:43am
Quoting Hickson
{quote} Good morning workingforex, choppy trading though. 2 stop outs so far, this is the third trade. If it continues the chop, I will stand aside for a moment.
Mr. Hicks! Watching the CCI on 1hr which is currently overbought. I agree that it will go for the 179.9 level since it breached the 179.5 already.....once CCI levels goes below.
Lost....
  • #7,598
  • Mar 16, 2015 4:53am Mar 16, 2015 4:53am
Quoting gespiri
{quote} Mr. Hicks! Watching the CCI on 1hr which is currently overbought. I agree that it will go for the 179.9 level since it breached the 179.5 already.....once CCI levels goes below.
Hi gespiri, maybe you are right that this will go down. I do not use any indicators that say overbought/sold. I think there is not such a thing, the market always decides. If it works for you, it is a different story of course
Fix up, trade sharp ...
  • #7,599
  • Mar 16, 2015 4:54am Mar 16, 2015 4:54am
wonder if there is some R in the CAD near 1.2788 worth a short play....
Look Sharp/Trade Tight
  • #7,600
  • Edited 5:04am Mar 16, 2015 4:56am | Edited 5:04am
Quoting Schickeria
{quote} Good Morning, a good example today from Oanda live account...
Hi Schick. Am monitoring Onanda data for a few years already. Saving timeseries from time to time..not always.. but years give results. Am very sure theyr twisting historical data in order to move with indicators. Think is mostly HFT battle going on and also think a) all brokers do b) comes from the top - the liquidity providers and banks.

When asked, (wasnt Onanda but Dukas), I have been told since FX is OTC market, they have more liquidity providers (therefore more different prices) and print them to chart to match market. In essence ECN broker can fill you on other price than you see on chart and both DD and ECN can twist historical timeseries at their own will.

I have been telling you all the time we dont know nothing: "Not only future, but also history is written by winners."

T
"I know one thing, that I know nothing." Sokrates
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