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  • #6,001
  • May 13, 2015 8:07am May 13, 2015 8:07am
Clive,

Neglecting EUR/USD? Made some decent pips. Pull back now



Quoting clivepackham
{quote} Thanks Jason Just doing what we're suppose to do here trade with the strongest trenders, wait for a pullback and when the trend resumes jump aback on.. Like this USDCHF trade, now I've got CHF pairs to trade might as well make the most of it.. {image} Ooops spoke too soon just got stopped out at BE...
  • #6,002
  • May 13, 2015 8:13am May 13, 2015 8:13am
sorry, we were on the same page (overlapping)

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Quoting harry23
Clive, Neglecting EUR/USD? Made some decent pips. Pull back now {quote}
  • #6,003
  • May 13, 2015 8:17am May 13, 2015 8:17am
This EURJPY is trying to break 135.00 but without much luck so will try a breakout trade above 135.00 as a nice bit of resistance built up..

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 51 KB


the other way is to buy the bottom of this range move to BE and hope it breaks out the top as I did here, but no luck so far..
Feel the Fear and do it anyway!!!
  • #6,004
  • May 13, 2015 8:29am May 13, 2015 8:29am
Quoting clivepackham
This EURJPY is trying to break 135.00 but without much luck so will try a breakout trade above 135.00 as a nice bit of resistance built up.. {image} the other way is to buy the bottom of this range move to BE and hope it breaks out the top as I did here, but no luck so far..
That's a lot of gaps on those DMMFX charts...
Today's zone = Tomorrow's opportunity!
  • #6,005
  • May 13, 2015 8:36am May 13, 2015 8:36am
My "Breakout Trade" pipped me in and never went a pip above my entry so I'm stuck here now in the middle wondering whether to just close it out for 10 pips..

Not very good at breakouts need to put the order 5 pips above the resistance I think not 2, oh well won't be the end of the day if it loses...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 49 KB
Feel the Fear and do it anyway!!!
  • #6,006
  • May 13, 2015 8:55am May 13, 2015 8:55am
Oh well got it safe in the end , but not the most forceful breakout I've ever seen for sure but you never know still got EUR strength according to my CSM so lets see if it goes or not..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 49 KB
Feel the Fear and do it anyway!!!
  • #6,007
  • May 13, 2015 9:01am May 13, 2015 9:01am
Took just 7 pips in the end but seemed to be stalling at last high so gave up on it, bet it flys now..
Feel the Fear and do it anyway!!!
  • #6,008
  • May 13, 2015 9:05am May 13, 2015 9:05am
Quoting pres78
{quote} That's a lot of gaps on those DMMFX charts...
indeed, my charts are 'gap-less', lol.
  • #6,009
  • May 13, 2015 9:37am May 13, 2015 9:37am
Quoting pres78
{quote} That's a lot of gaps on those DMMFX charts...
Just the news isn't that the norm??? At least its honest if it prints a gap most brokers print candles through the news so it looks good but you can't actually trade any of those prices LOL...

I'm finding them ok on demo but will let you know how I get on with a "live" account as thats obviously the real test of a broker, but Geanies101 trades live with them and appears ok..

But as for spreads they are very impressive with fixed tight spreads and no commission..EJ=1.1 EU=0.7 UJ=0.5 GJ=1.5 GN=2.4 GU=1.1 EA=1.5 GA=1.8 and NO Commission...

Ideal for what I do swapping from pair to pair as long as they don't have slippage issues etc should be fine.

Who you trading with nowadays??

what are the spreads like???
Feel the Fear and do it anyway!!!
  • #6,010
  • May 13, 2015 9:52am May 13, 2015 9:52am
GBPNZD has been very kind to me today but lets see if she's got one more good trade in her to finish the day on a high...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #6,011
  • May 13, 2015 10:01am May 13, 2015 10:01am
Just remembered what Martin said about the first CCI so banked 20 pips but it kept going so jumped back on for some more...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 70 KB
Feel the Fear and do it anyway!!!
  • #6,012
  • May 13, 2015 10:09am May 13, 2015 10:09am
Typical of me got too cocky with it and gave it straight back.....

Convinced it was going to rush up the page forever but of course it never does , does it????
Feel the Fear and do it anyway!!!
  • #6,013
  • May 13, 2015 10:14am May 13, 2015 10:14am
Ok lets give it another go... 2.1000 nice level to expect a reaction from and we did...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 64 KB


But will it hold is the question, with this old jumping bean GBPNZD...
Feel the Fear and do it anyway!!!
  • #6,014
  • May 13, 2015 10:24am May 13, 2015 10:24am
Nice setup here on GBPAUD buy off of 1.9400 but I can't take it as I'm all leveraged out on GBPNZD...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 63 KB
Feel the Fear and do it anyway!!!
  • #6,015
  • May 13, 2015 10:28am May 13, 2015 10:28am
Quoting clivepackham
Nice setup here on GBPAUD buy off of 1.9400 but I can't take it as I'm all leveraged out on GBPNZD... {image}
Price is below the MA...
Today's zone = Tomorrow's opportunity!
  • #6,016
  • May 13, 2015 10:30am May 13, 2015 10:30am
Got my 20 pips back again with a bit of interest....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdm1.png Size: 64 KB
Feel the Fear and do it anyway!!!
  • #6,017
  • May 13, 2015 10:31am May 13, 2015 10:31am
Quoting clivepackham
{quote} Just the news isn't that the norm??? At least its honest if it prints a gap most brokers print candles through the news so it looks good but you can't actually trade any of those prices LOL... I'm finding them ok on demo but will let you know how I get on with a "live" account as thats obviously the real test of a broker, but Geanies101 trades live with them and appears ok.. But as for spreads they are very impressive with fixed tight spreads and no commission..EJ=1.1 EU=0.7 UJ=0.5 GJ=1.5 GN=2.4 GU=1.1 EA=1.5 GA=1.8 and NO Commission......
Those spreads are very good Clive however be careful as DMMFX does not offer negative balance protection so if we have another CHF type incident where price moves hundreds and even thousands of pips in minutes against you and your account goes neagative before they can close out your trades at either your SL or their margin call level then you owe them back the money.

Right from their site;

"Is there a debit balance risk? Can I lose more money than I deposit?

Yes, your account balance may be negative in some market conditions and you will need to fund your trading account. It is your responsibility to monitor your account."

Just be careful my friend.
Today's zone = Tomorrow's opportunity!
  • #6,018
  • May 13, 2015 10:39am May 13, 2015 10:39am
Quoting pres78
{quote} Those spreads are very good Clive however be careful as DMMFX does not offer negative balance protection so if we have another CHF type incident where price moves hundreds and even thousands of pips in minutes against you and your account goes neagative before they can close out your trades at either your SL or their margin call level then you owe them back the money. Right from their site; "Is there a debit balance risk? Can I lose more money than I deposit? Yes, your account balance may be negative in some market conditions and you will...
Thanks for the warning and I hear what you're saying, i would definitely prefer a broker with a no negative balance guarantee , do you know one with good spreads????

I've seen one advertised here I think its FXPRO or something they also have fixed spreads quite tight but not as tight but then maybe its worth a bit more on spread to be safer in the long term...

I will look into that , thanks...
Feel the Fear and do it anyway!!!
  • #6,019
  • May 13, 2015 10:51am May 13, 2015 10:51am
Hi, Please help, why does the top8 display in blue with zero numbers?
Attached Image
  • #6,020
  • May 13, 2015 11:08am May 13, 2015 11:08am
Quoting pres78
{quote} Those spreads are very good Clive however be careful as DMMFX does not offer negative balance protection so if we have another CHF type incident where price moves hundreds and even thousands of pips in minutes against you and your account goes neagative before they can close out your trades at either your SL or their margin call level then you owe them back the money. Right from their site; "Is there a debit balance risk? Can I lose more money than I deposit? Yes, your account balance may be negative in some market conditions and you will...

Just checked out that FXPRO and they do have a negative balance gaurantee and their spreads look ok not quite so tight but ok also offer fixed spreads but I think the variable ones will be ok for me as trading at peak times...

Will download their demo and try out spreads...could be the perfect answer...
Feel the Fear and do it anyway!!!
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