Recent content by Panamadan

Yes, it was a very big spike for that pair, at that time. That is what is so strange about it. There does not appear to be any news to account for it, and it happened during the Asian session. Some big JPY movements would be normal then, but EURUSD? It will be interesting to find out what...

It looked like just another EURUSD breakout, but the interesting thing about it was the timing. It happened during the Asian session, which is a bit unusual for this pair to make a big move. It looks like 75 pips up. The EURJPY spiked down at the same time the EURUSD spiked up. This might...

Good point, and of course, you always short (sell) something to buy (long) something else. No argument there. My reply was intended to compare cash forex with futures and futures options.

Exactly. That is probably one of the biggest differences between forex and the other markets. Since your positions are always involving a pair, you are always long one, and short the other. The currency futures and options are all USD based, so they are all reversed, as in your example with...

I am glad to hear that I am not the only crazy one who likes medium to long term swing/position trades, to capture as much of those huge moves as possible. I know exactly what you mean by having the stomach to let it take its time... It can be gut wrenching. That's where hedging pays off, but...

Swiss is one of several good options. I'll pass on the Russian ones. They seem to be too much like Russian roulette. :p

A non-US or non-UK broker is nice too. :)

So you are saying that leverage is actually the main cause of failure. It is true that leverage will magnify losses, but it certainly does not cause the losses. Account profit and loss is affected by leverage, not the system performance. These are 2 different things. The system performance...

That is good news. IB had a very limited selection of pairs before. For that reason, plus since they do not support hedging, I am trading forex through another broker. Now if they start to support hedging, I would not need my other forex account. Until then, I don't trade forex much on IB.

OK. I have an advisor and client account with the 5k minimum. That was what I was thinking of. Since they are universal accounts for stocks, options, futures, etc. that must be the reason for the 10k minimum.

I just checked again, and you are right. They must have recently made that pair available through Idealpro. I know for sure it was only available through Ideal before. Maybe they have added some other pairs now also, that they did not have before?

The trader is at fault if and only if they constantly change their systems and/or manually intervene with the positions. If they do not do these things, then the trader has no part of the system performance at all. Which is how it is supposed to be. Yes, system drawdowns do not get the same...

Exactly. Check this out. I can't believe he admits it in public, but my hat is off to him for doing that. http://www.youtube.com/watch?v=GOGLvxqAk4A&feature=related I am sure it is only a tiny sampling of what is going on... Also check out the many other "market manipulation" videos there.

I agree that traders have a small part in the success or failure of systems, just as the brokers do also. However, the systems themselves have the largest part. After all, the systems are doing all of the trading, not the trader. I don't understand your hypothetical question. Please explain.

BulldogFX is a MM broker, so I don't see how you could trade through them to IB. You might be thinking of Trade Bullet. I think if you have that software, you can trade from C2 to IB. Are you sure 10k is the minimum for a forex account on IB? I am pretty sure it is much less. If memory...