Forex Version XI, Foreign Exchange Market Discussion
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 Nov 13 2012, 09:55 AM
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#1
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites   
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QUOTE(poks @ Nov 12 2012, 12:00 PM) just in case you change your mind i'm shorting all the way....go to see weekly chart and you'll see the engulfing bar which is quite big.... *looking at a bigger time frame... what will you do?   |
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Nov 15 2012, 09:53 AM
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#2
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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AU has broken down the uptrend from 2 weeks ago. Looking for bearish setup later in the evening.
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Nov 15 2012, 12:06 PM
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#3
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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why u guys wanna trade using ECN ??
bros and sis, the real ECN trades is for really super high volume, are you trading millions per trade ? All our our retail FX are merely bucketshop or supported by ECN. True ECN environment are contract based, it's not supported by MT4. Thus it will always have slippage. Just make sure that the fx broker you open account with is a good company and wont close down after a while la. |
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Nov 19 2012, 07:43 AM
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#4
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(flipflap @ Nov 18 2012, 01:50 PM) Hi All, i'm trading on AdmiralMarkets on EU is 1pip spread(AUD=3, GBP=2) during liquid hours. I'm a newbie here but i've been trading for awhile now. I just moved back to Malaysia. I'll try to join the discussions soon, still going through the threads. Added on November 18, 2012, 2:10 pm hi, I'm new to lowyat forum, i just saw your post and just wanted to add my comment. ECN is not as bad as you think, yes, you'll need higher volume but if you're an intraday trader, it's worth considering. For example, FXCM (http://www.fxcm.co.uk/active-trader.jsp) charges commission of about USD7 per 100k lot - which is USD 0.7 per mini lot. So, in money terms, if you trade more than USD 0.70 per pip, then it's worth considering changing already. Of course, the real savings come when you trade in even larger volume. No idea why but lots of brokers that are advertising in M'sia have REALLY high spreads. So, I think people should be more aware of this and either move to ECN accounts or change brokers. Well, that's just my personal view. Lastly, FYI, I'm using MT4 on a ECN type account. This is nothing new and it's been there for awhile now. Slippage is unavoidable but you'll get slippage even in non-ECN environment. However, as you know that FX rarely slips, so, in the longer term, the slippage is really negligible. the other thing is not slippage. it's how the broker rip you off when you place orders as the price will move a pip higher or lower. that is why i dont buy all those low spread marketing. it's fixed spread and accurate placing of bets that matters. There is no ECN for small accounts. They can call it ECN but it's not the real ECN. |
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Jan 16 2013, 03:23 PM
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#5
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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i've used and tested so many indicators (sad to say about 1.5k+ indicators).....finally just use 1 indicator to check whether the trend is still intact or not.
all the overbought oversold indicator all throw out....... secret is to read the chart (Price Action) and catch the tail. By the time your indicator ask you to buy/sell i've already taken my profits  This post has been edited by AllnGap: Jan 16 2013, 03:26 PM |
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