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  • #1,012,761
  • Jul 23, 2015 4:52pm Jul 23, 2015 4:52pm
Quoting 3Davy
They push euro op so what. Long term trend still negative. Euro will be crushed buy FED rate hike very soon. We will see new lows to 1.05.
Agree 100%

They expect rate hike in September, which could mean USD Up = EUR/USD Down.

I'm a seller
Forex is a losers game.
  • #1,012,762
  • Jul 23, 2015 4:56pm Jul 23, 2015 4:56pm
the other thing is the fact that, it seem price can go also to 78.6% fibo, and this time no more, and create some thing this attachment/picture call as butterfly...
but I doubt price on the last leg c-d make that crazy run up at this time..specially political times,but who knows..
Im pointing at maximum 61.8% retracement, and in that case we have more possibilities of finding patterns to trade...
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  • #1,012,763
  • Jul 23, 2015 4:57pm Jul 23, 2015 4:57pm
Quoting robertbruce
{quote} It is slow in the afternoons and it takes a while for the trade to run. A trade in the afternoon is not something I normally do but I'm sitting ans waiting for a conf call ltr. Spread is now 2.5 on forex.com and .7 on fxcm.
Interesting. I got away from forex.com and moved to oanda, spreads are still high though.
  • #1,012,764
  • Jul 23, 2015 4:58pm Jul 23, 2015 4:58pm
Quoting edyraper
*never been with ECN sorry if its not clear but it is what it is {quote} Let me explain to you , We have got exchange office and during the working hours when customers wants to buy for example usd from us we buy it from other big guys from market who is working with us and sell it to customer (like a broker) , during the ay there are more than 10 big guys who is selling and buying pairs so i can find the best price for selling and buying , but if the customers come to me late at night i may find 1-2 big guys to trade with so my ask and bid gonna...
I see, thanks for taking the time to explain. Appreciate it.
  • #1,012,765
  • Jul 23, 2015 4:58pm Jul 23, 2015 4:58pm
Quoting glassblower
{quote} Great advice! I personally do not trade between 3-4pm and 6 pm EST as a general rule
Cool, so I'm not the only one that will avoid this tf.
  • #1,012,766
  • Jul 23, 2015 5:02pm Jul 23, 2015 5:02pm
Quoting trader121
{quote} Agree 100% They expect rate hike in September, which could mean USD Up = EUR/USD Down. I'm a seller
I am with you guys here...not so sure about 1.05 quite yet, but definatly before EOY with bumps around 1.083x, 1.073-4x, and 1.061x
  • #1,012,767
  • Jul 23, 2015 5:06pm Jul 23, 2015 5:06pm
Quoting ptoftangency
{quote} Interesting. I got away from forex.com and moved to oanda, spreads are still high though.
I like FXCM much better. forex.com isn't a bad platform though. I havent sat down to do a detailed analysis on which has a better overall cost.
  • #1,012,768
  • Jul 23, 2015 5:18pm Jul 23, 2015 5:18pm
Quoting robertbruce
{quote} I like FXCM much better. forex.com isn't a bad platform though. I havent sat down to do a detailed analysis on which has a better overall cost.
I am also with FXCM. They are an ECN. The platform is very simple and easy to navigate however lacks some features I liked when using Thinkorswim. I still use ThinkorSwim for futures and stock options
  • #1,012,769
  • Jul 23, 2015 5:24pm Jul 23, 2015 5:24pm
Let be a broker.
It has MM and ECN account.
What exactly means have an ECN? - well...
The ECN can have a liquidity provider a MM broker, the sister broker. Which makes a fake ECN. His liquidity broker the MM one can make widening spreads, SL hunting, virtual spikes everything else, but the "original broker" can be verified he is an ECN, just it has 1 liquidity provider or it has 1 preferred one..

Just stop believe those bucket shops like FXCM, FXOPEN are giving to you any real ECN market feeling.
I want to buy PATIENCE
  • #1,012,770
  • Jul 23, 2015 5:34pm Jul 23, 2015 5:34pm
Quoting glassblower
{quote} I am with you guys here...not so sure about 1.05 quite yet, but definatly before EOY with bumps around 1.083x, 1.073-4x, and 1.061x
Same thoughts here.
  • #1,012,771
  • Jul 23, 2015 5:35pm Jul 23, 2015 5:35pm
Quoting matheszabi
Let be a broker. It has MM and ECN account. What exactly means have an ECN? - well... The ECN can have a liquidity provider a MM broker, the sister broker. Which makes a fake ECN. His liquidity broker the MM one can make widening spreads, SL hunting, virtual spikes everything else, but the "original broker" can be verified he is an ECN, just it has 1 liquidity provider or it has 1 preferred one.. Just stop believe those bucket shops like FXCM, FXOPEN are giving to you any real ECN market feeling.
Interesting...who would you suggest then?
  • #1,012,772
  • Edited 6:01pm Jul 23, 2015 5:43pm | Edited 6:01pm
Quoting glassblower
{quote} Interesting...who would you suggest then?
try those who don't have MM accounts, maybe require higher deposit.

As suggestion:

As broker , even is MM I was very fine with Oanda. they just widen the spreads to 10 pip at news.
+ horrible software, but choose an MT4 account and problem partially solved.

Ducascopy , DucascopyEU was my preferred, but they force lower the leverage to 1:30 and sometimes I wanted to have even more. Now I don't use 1:30 . Has lags at news, a huge one, they mobile platform not enough good, but far better then others not MT4. Always need to press the "I agree button" , even on demo accout, reports are developer logs, not for traders. I would trust they. The eu has 20k euro and the CH has 50k CHF warranty for your money if Dukascopy go broke. Like Alpari .co.uk.

I went to Alpari co.uk, but then gone broke

I am using an old broker, it required 10k deposit at old times, now it is 1k. Just testing if they got the MM taste or what the hell they do.... ECN with 1-2k deposit it is smelly, very probably MM or fake ECN
I want to buy PATIENCE
  • #1,012,773
  • Edited 8:21pm Jul 23, 2015 7:12pm | Edited 8:21pm
Quoting edyraper
{quote} won't short another one ,will see
Looks like double top....
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  • #1,012,774
  • Jul 23, 2015 7:31pm Jul 23, 2015 7:31pm
Quoting Pharm0r
{quote} Looks like double top....
Possibly. IMHO we could see a lil higher toward 105x before down again, or even 112-3x (though not possible in my book before next week pre FOMC of course). Already have my entries with a possibility to add if we go to 105x
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  • #1,012,775
  • Jul 23, 2015 7:34pm Jul 23, 2015 7:34pm
Quoting Pharm0r
{quote} Looks like double top....
Let JPY do its thing and wait LO for EU
  • #1,012,776
  • Edited 8:22pm Jul 23, 2015 7:40pm | Edited 8:22pm
Quoting Ken A
{quote} Let JPY do its thing and wait LO for EU
You know I meant UCAD right?

I was just about to post, EU showing double top too....one is lying...my guess is the EU is the faker
  • #1,012,777
  • Jul 23, 2015 7:40pm Jul 23, 2015 7:40pm
Quoting gatorinla
{quote} i tried to sneak in a second long scalp, but 0980 (0974 better) missed.. std later,, bbl
1105 then down !!
it moves in strange way
where is 785! i don't know
  • #1,012,778
  • Jul 23, 2015 8:04pm Jul 23, 2015 8:04pm
Quoting KzX
I don't look at weekly, it may be either bearish downward movement or BIG bullish flag, scalping's better for me. That block on daily I mentioned yesterday is very strong formation and shouldn't end up with only one bullish candle but we'll see.
30hr later... Thank you bears and good night.
  • #1,012,779
  • Jul 23, 2015 8:46pm Jul 23, 2015 8:46pm
Last weekend I mentioned there was likely 2% size doji around 1.08. That was with expectation that no one tries to do breakout trades in a ranging market, below bear trap level (~1.096). So bears trapped yet again. EUR/AUD looks like a bit too perfect short in every way. There's probably short term pressure to upside and if it persists, we might see whether big boys are still shorting the eur. (just popped up as I typed this)
  • #1,012,780
  • Jul 23, 2015 8:53pm Jul 23, 2015 8:53pm
Quoting egkid
{quote} 1105 then down !! it moves in strange way where is 785! i don't know
nice dt on the h
those who can, do. those who cant, talk about those who can
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