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 Forex Trading Corver V3, How's Your Pips Lately? ^_^

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dr2k3
post Aug 28 2008, 04:12 PM

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what adam means is why u like to "trade" or "Speculate" GJ


Added on August 28, 2008, 4:12 pm
QUOTE(kelvin_tan @ Aug 28 2008, 04:11 PM)
dr2k3 whats the spread on ur broker ?
*
which pair

This post has been edited by dr2k3: Aug 28 2008, 04:12 PM
dr2k3
post Aug 28 2008, 04:15 PM

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average 7-8 best is 6
dr2k3
post Aug 28 2008, 04:18 PM

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most mt4 broker is 7-8 average....

ya i notice oanda is 4

other than oanda....ECN type broker have less spread on GJ.....but their platform usually have no chart

This post has been edited by dr2k3: Aug 28 2008, 04:19 PM
dr2k3
post Aug 28 2008, 04:37 PM

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maybe adam can explain...im not good with word.....


Added on August 28, 2008, 4:41 pmmt4 = market maker

market maker = client ---> market maker(middleman) ---->bank--->market maker---client

ECN/STP = client ----> bank ---->client

This post has been edited by dr2k3: Aug 28 2008, 04:41 PM
dr2k3
post Aug 28 2008, 07:04 PM

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QUOTE(kelvin_tan @ Aug 28 2008, 04:56 PM)
@dr2k3
thanks .. i understand it now =)

@mphpopular
thanks to u also =) however it is not entirely true regarding the ecn requires big amount of money.. my friend opened a live account with oanda with just USD200..u can even open with just USD10.. oanda practises flexibility so i dont think thats a mini account as we are free to decide the total amount of units to buy / sell..
*
oanda is not an ECN broker...its a market maker too

the lowest ECN broker is $400 USD to open.....MBTrading

ECN broker dont have fixd spread....everyhour or min the spread is diff.....let say Euro/USD....can have 0-3 spread

or GJ can have 3-6...depends on liquidity.....

if fixed spread most of the time usually is market marker.....they only change the spread when during news time....(increase spread)some market maker dont change spread even news time


Added on August 28, 2008, 7:10 pm
QUOTE(AdamG1981 @ Aug 28 2008, 05:31 PM)
Ok guys, holiday time tomorrow. So far this week net profit: +75 usd

Lost alot in my AU; GU the other day

Happy trading, see you guys after 8:30 pm
*
u lost most of ur profit?



This post has been edited by dr2k3: Aug 28 2008, 07:10 PM
dr2k3
post Aug 28 2008, 07:36 PM

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mphpopular....i think u should set ur sl to breakeven whenever u have +ve float so that it doesnt suddenly reverse into a big -ve


Added on August 28, 2008, 7:37 pmholding a -ve float too long is a bad habit ....

This post has been edited by dr2k3: Aug 28 2008, 07:37 PM
dr2k3
post Aug 28 2008, 09:57 PM

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EU IS GOING DOWN!
dr2k3
post Aug 28 2008, 10:20 PM

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QUOTE(AdamG1981 @ Aug 28 2008, 10:03 PM)
Same, i am looing for a entry point. smile.gif


Added on August 28, 2008, 10:04 pm

Don't shout for joy so soon. smile.gif
*
maybe it will come down after i shout tongue.gif

if the price stay above 4773 there is chances that it will go up ( after 1 or 2 h)

if the price stay below 4773 chances r it will go south ( after 1 or 2 h)


Added on August 28, 2008, 10:25 pmplus....stoch 1h and 4h is turning at the top...so high chances it will go down ^^

This post has been edited by dr2k3: Aug 28 2008, 10:25 PM
dr2k3
post Aug 29 2008, 12:47 AM

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QUOTE(AdamG1981 @ Aug 28 2008, 11:50 PM)
Unfortunately, IEA gave a bearish comment for oil and dollar strenghtened. 4 hr stoch is pointing down. I am shorting EU tonight

LOL! no more long EU, screw the ECB!  brows.gif


Added on August 29, 2008, 12:02 am

Yes, if it wasn't for IEA comments, we would have seen bigger profits. Now the dollar strengthened upon hearing the news
*
lol...just now u damn sure its going up n break 1.48 tongue.gif
dr2k3
post Aug 29 2008, 12:49 AM

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what IEA
dr2k3
post Aug 29 2008, 12:54 AM

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i dont see no IEA on FF forum
dr2k3
post Aug 29 2008, 12:57 AM

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lol......i think that there is possible that the news is leaked before release...coz i have no idea how to analyst news....but i know the chart is telling me the oil is going down
dr2k3
post Aug 29 2008, 01:05 AM

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the way GBP drop is very scary....better stay away from GBP pair.....

when market drop very fast....it also can bounce back very fast
dr2k3
post Aug 29 2008, 01:10 AM

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QUOTE(AdamG1981 @ Aug 29 2008, 01:00 AM)
That's right Dr2. I sense that too. When i look back at the 15 minute EU chart, i saw a shooting star @ 1.48. Too bad i was just happily eating downstairs. I Thought it was a retracement before testing new high. Oops i guess not.


Added on August 29, 2008, 1:03 amGuys, what do you see on EU chart at the moment? Going further down or going to rebound a bit
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u n i have a same habit...open a trade and go away tongue.gif

my bad is that i cannot get a good entry timing......my entry always bad....

well....EU is a very liquid pair.....it will move from 30-40 or 50-60 or 80-100 before retrace

30-40 = small range

50-60 medium

80-100 big range
dr2k3
post Aug 29 2008, 01:13 AM

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well..because GBP pair drop like stone....it never retrace....so u cannot sell at retrace.......shorting at bottom is a very risky thing to do
dr2k3
post Aug 29 2008, 01:16 AM

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going to bed.....night ya all

good luck with ur trading...especially adam tongue.gif
dr2k3
post Aug 29 2008, 08:59 AM

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i find that asian session is very idiotic......NY n london session push the EU and UJ down.....asian do opposite......zzzzzz


dr2k3
post Aug 29 2008, 09:42 AM

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EU in up move now...for how long i dont know
dr2k3
post Aug 29 2008, 09:48 AM

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well....u could have set a stop loss on 1 profit or trailing stop to let the profit run
dr2k3
post Aug 29 2008, 09:49 AM

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what kind of meter is that

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