i wonder why cimb-sg offer equities cfd and not commodities cfd, anyone using the cimb-sg cfd online trading yet?

I wonder did anyone try this
buy and sell at the same time . Set S/L +30 pips and T/P +90 pips on both
Which ever direction it goes u will make 60pips

of make 60pips in every transaction and of course T/P and be adjusted if the direction is good. ....

i make 3 TP (3x60= 120 pips) from this strategy loss 1(both direction lost 2x30 pips = 60 pips)

Still 60pips gain.

Please shoot me..i am noob

Market might hit one of your position's SL 1st then reverse and go on to hit your other SL.

Nice way to make some TP buy will by any chances making any loses ?

Newbie in forex here to.

to do this.. you must know your pair very very very well.. because theres a time (often) it will take both of your SL in less than 20mins...
to do testing (for non newbies).. use demo, simulation is the best tool of learning - for first timer learning to trade? use live acct.. you learn more

This post has been edited by Sham903n: Oct 24 2010, 04:37 PM

Anyone using IG markets or used it before ? It is licensed under Monetary authority of Singapore . Please share your experiences with them if u have

This post has been edited by adraxx: Oct 24 2010, 04:37 PM

This would be the same as setting a buy-limit order 30 pips above the current price and a sell-limit order 30 pips below (with TP at 60 pips and SL at 30 pips). This way you only get hit once with the spread instead of getting 2x spread with 2 orders. You also need less equity since you will be only opening 1 order instead of 2. The risk is the same but half the equity and spread.

So many people think of this strategy but don't know how to do it the easier way by using limit orders. The name for this strategy is called Straddling the market.

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Added on October 24, 2010, 6:15 pmThat's because the majority of the stock movements are done overnight. Anybody following the DOW and S&P in the run up since Sept and Oct would have noticed that the market moves up 1 percent in futures overnight and during the actual day trading may move another 0.2-0.5 percent. However, the market would include futures and the movement for the day would be 1.2-1.5% while the poor day traders (those who trade from market open to close only) don't actually see the 1.2-1.5% move. The market moves more overnight when the day traders are not trading than it does during the day.

This post has been edited by sleepwalker: Oct 24 2010, 06:15 PM

rather than straddling, it's called hedging isn't it? buying and selling at the same time to offset the risk. straddling is another startegy, which can be considered as break out stretegy.

anyone know how to wire transfer/western union using cimbclciks? google-ing, but my google-fu isn't good enough.

I don't think you can call it hedging, because you are not adding position into existing trade.

Correct .. this is called straddling ....

Hedging is opening both long and short position on the same pair.

correct
like i say.. know your pair...
if you dont.. imagine it touching your buy and reverse back down to your sell and swing back up.. 60pip gone.. thanks to nfp

This post has been edited by Sham903n: Oct 24 2010, 09:23 PM

Wah.. so confusing

I tested and the result give

i make 3 TP (3x60= 120 pips) from this strategy loss 1(both direction lost 2x30 pips = 60 pips)

I need a EA to run the history .. anyone know how to configure ?

run any ea, tick visual mode on MT4. others, i don't know.

edit: oh i read somewhere about trade simulator forMT4. try google your luck.

This post has been edited by scar_face008: Oct 24 2010, 10:32 PM

His idea of opening 2 orders at the same moment is the same as straddling the market, which would be easier and correct way to do it.

Although the definition of hedging is having 2 opposite orders open, it does not mean they are opened together. Hedging is used to either minimize lost or to lock in profits and some even use it to maximise profits (by letting the profitable order run and hedging the dips when the market is trending).

I wondering why USD go lower and lower, one of the reason is it because CFTC set leverage to 50:1? So this affect many traders or hedge fund managers transfer their managed accounts out from USA.

The new CFTC rules are for Retail Forex would only affect small retail players and not hedge fund managers. I guess you don't follow fundamentals. US stocks up, USD down. US stocks are now at all time high this year = almost all time low USD. QE2 are also in the minds of the forex traders.

I dont think so .... normally players with big money like hedge fund can only get 1:50 or 1:30 max leverage, no matter where they go. Only small fishes like retail traders can get up to 1:1000.

I think USD is going down because the market has begun to realize that some key economic number in US are mostly window dressing ...
Some observer estimated that at least 15% of American dont have a job ... ... but the report does not reflect that clearly ...
those observer must has gone "turun padang" to see the reality by themselves .. lol ...

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Added on October 25, 2010, 10:26 amI agree with this as well ....

If u guys notice ... the second half of the year is when you can see strong bull/bear in any major pair ...

I guess traders are measuring fundamentals on yearly basis ... the closer we are to the end of year .. the more certain traders become of of the currency direction, hence the strong bull/bear towards the end of year ....





This post has been edited by luqmanz: Oct 25 2010, 10:26 AM

Well I am glad that I switched my second entire acc from USD to AUD @ 0.83 rate Not to mention in Oanda, it pays me ~4% interest(annual rate) on daily basis.

With Austrialia Economy growing faster than US/Europe + the stocks and gold keep hitting new high. It would seems obvious that AUD is likely breaking Parity vs USD soon.

This post has been edited by billytong: Oct 25 2010, 03:34 PM

20 pips TP per trade consider as scalping or not?