wow... FXCM damn good... my USD/JPY set TP @ 80.870 but since this morning's sudden USD surge, my position was closed @ 81.341 ..thats an EXTRA BONUS of 47pips!! EXTRA USD3400 on top of my profit

talk about TRUSTWORTHY broker!! Just done the withdrawal later go KLCC shop for that TagHeuer Link

It's not that they are damn good. Effective 15th Aug 2010, FXCM started the practice of Positive Slippage. Almost all brokers practice negative slippage (as in they do not guarantee your stop loss) but at the same time they do not practice positive slippage (they just give you your TP even if price goes higher).

FXCM started practicing this in August, which is why you got a higher close then your TP. That is positive slippage.

This post has been edited by sleepwalker: Nov 1 2010, 11:41 AM

positive/negative... dont care... as long as i get BONUS USD3,400 .. opened that position at 530am tdy.. so can imagine my actual profit

hmmm... isnt that damn good?

Hmmm, looking for customer here isn't good....You are making experience traders here laugh, with the way you measure forex success and BOLD the profit. New traders will be excited, good luck to you.

Take my advice.
I think you need to stop touting your profits. That kind of profits is something that experienced traders in here make regularly ..

Btw .. slippage is pure luck

Many data for US this week. QE2, friday's NFP, tuesday election(hopes republican win). The market gonna be choppy.

Yes, the market is already choppy since last week e.g. EU, ranging between 250pips.

lol... envy kah? I know u can make that kind of PROFITS regularly... I DONT DOUBT YOU and your friends bro....... But i wasnt referring to my profits... I was referring to the BONUS FXCM gave me... yes slippage is pure luck... but why ppl complain on slippage all the time? But somehow, its so good to me? Again, I wanna highlight, I am NOT talking about profits... my profits are more than that, REGULARLY too

if your broker can give such slippage to your advantage (like this morning), why dont u share it here? Maybe other forumers might wanna consider opening account with that broker too....

hmmm... my new Tag Link is damn cool ... whats more, its FOC given by FXCM

This post has been edited by nemoexcel: Nov 1 2010, 07:32 PM

Take a break, it is not worth to play the fire if you have no idea how to trade. Not trading is part of trading, because if by not trading allows you to avoid any potential unnecessary losses it means profit to you.

Seriously, you need to stop doing this. It sounds like "wow my father bought me a new shiny Ferrari, I dont use my money at all, its bonus" .. its irritating ... because its just "luck".

Not to mention you sounds like those typical annoying brokers. Maybe you wanna try to avoid using any form of sentence that sounds like "You should open an account with FXCM". There's at least a line that sounds like that in each of your post.

I know you meant no harm. But still ...

ok, since u r so sensitive, i better stop mentioning about the F broker....... then if we dont share about which broker is good, which broker is not, then what shall we share about? Maybe u wanna continue the rolling ball about trading strategy? Since u r so experienced, lets all learn a bit from everyone ok? Share best practice ma

Yes .. talking about strategy is more interesting ...

I will share little bit about my technique. Anyone can use these as an addition in their strategy ..

When I place order, its normally stop or limit order ... very seldom market order

1) For stop/limit orders - buy should always be above Daily Open prices .. sell should be lower than Daily Open price.
2) If you wanna buy below Daily Open price make sure the level is an overlap of Fib level and pivot. Same goes when you sell the rallies above Daily Open price.

How to find points to trace Fib .. there are many materials about this on this matter ... LOL .. but most important to understand that not all range/movement are worth tracing ...
Use standard pivots.

If u trade intra-day .. close all position after 11 pm .. liquidity dries up .. never trade if the major market of your pair is not open.

This post has been edited by luqmanz: Nov 2 2010, 12:41 AM

Give up on IBFX.. they insist on certification. I going for OANDA.

Giving up MT4.... Let hope I dont made the wrong choice

bro, since u mentioned Daily Open prices, I think you shld be specific for the benefit of everyone .... do u mean Msia's Daily? (GMT + 8), or your Trading platform's Daily? or U're talking about the Major Market Daily Open prices? (the market of your pair)

why close all positions after 11pm? (Is this GMT +8) ? Since London closes at 11pm (GMT + 8), hence left NY open ... u mean u prefer to close positions after 11pm?? Only when NY is remain open?

By my definition, open price is around 1 hour after NY is closed (before sydney open). In Malaysia this is around 5-6 am. Check the timezone of your platform and adjust accordingly.

Closing after 11-12 pm M'sia because usually theres low liquidity after NY's lunch hour. Not worth waiting and losing sleep for.

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Added on November 2, 2010, 8:33 amThink of it this way .. market overlap (NY-London) is the climax for GU / EU. What happens after a climax LOL...

Exception ... market can be active if theres news announcement after NY lunch hour. But still not worth losing sleep for (personally speaking).

This post has been edited by luqmanz: Nov 2 2010, 08:34 AM

The UK market only closes at 12am during Summer and this week onwards is Winter DST for UK and their market will close at 1am Malaysian time. US DST changes this coming Sunday, which should be a good point to remember for anybody running EAs. Your broker's GMT time changes with the DST.

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Added on November 2, 2010, 8:55 amYou sure make a lot of money for somebody who gets London closing time wrong. Last week during Summer DST, London closes at 12am. Frankfurt closes at 11pm.

As I have mentioned above, this week onwards with Winter DST, London closes at 1am and Frankfurt at 12am.

This post has been edited by sleepwalker: Nov 2 2010, 08:57 AM

May be it is good if he can share about the screen shot of making extra $3400 here for us to share the happiness together with him...

This post has been edited by jack2: Nov 2 2010, 09:22 AM

bro, i dont mind sharing it here (i've given screenshot sometime mid of Oct), but since our experienced traders in here prefer not to talk about this, you can PM me your email, I'll give u screenshot of it.. NP at all... sharing ma

u can share about your trading strategies here.... but keep your knowledge to yourself on whether broker good, or no good,,, and dont share your happiness on your profits/bonus too. Ppl dont like... we can email on those sharings

hmmm... dont like or like is their problem...here is for sharing.. just post it...

Important part of trading sitting on the sideline waiting for market to literally give u money.. right now the Fundamentals are taking over..so no matter how good ur technical indicator is, market very volatile. Scalping is ok.. do it guerilla style..get your 30 pips and run away.

I read somewhere that its easier for market makers to hunt stop loss using MT4. Oanda is good choice but I wont recommend it if ur into newstrading (gambling).