Recent content by TradingWise

Some seem not to care about inequality at all. Do you really not care when someone in your own country can not afford health care and a place to live ór do you just look the other way? Even if you don't care, a highly unequal society is not a good place to live. Rich people retreat to their...

Trade gone bad :( Stopped out at -170 pip.

That's some retracement for EURUSD. Position is currently back at 150 pip profit. Everything is easier in hindsight of course, but the lack of momentum to the upside for days indicated that it would retrace (I was somewhat blinded by my long position). I think it will be range bound some...

At Oanda, you can choose your own lot size, from 1 unit to 10M units (100 lot). Oanda's spreads for the last week are displayed on the page below, updated dayly. The spreads at Oanda have been a lot higher recently due to market conditions. The second link gives the Oanda spread like it was...

Which pair :confused:

My position is at 350 pip profit currently ( EUR / USD @ 1.3370 ). Still holding, next stop should be the retracement at 1.3867. EUR / JPY and GBP / JPY are retracing faster but are also more volatile. Still a good call for EUR / JPY though.

If you want to do a one time hedge, spread and commission costs should not be a deciding factor. An advantage of spot forex (at some brokers) is that you can hedge your exposure up to the dollar. Futures trade in 125k increments (?), which makes it nearly impossible to hedge your account...

Like Gringinho says, buttoms are very hard to predict. I've made the error of selecting wrong bottoms many times before. A good thing to do before you enter is always ask yourself: Is momentum against me? Never enter a trade with momentum against you (my current trade is somewhat risky in that...

I've noticed you trade with close by SL & TP levels. I for one am not able to trade with such short stop levels and noticed that my trading improved when I focused on larger moves. Have you tried trading bigger moves (100 SL / 200 TP)?

I don't see this spike on Oanda FXTrade (live platform). So it's probably bad data. You can ask Oanda to reverse trades wrongly executed by the bad data spike.

Moved stop to 3200, may move to B/E later on.

EUR/USD is currently at the top of a small downtrend on the hourly chart. I'll keep holding.

My limit order for EUR/USD @1.3370 was filled on friday evening. Due to a good opening it's currently at 180 pip profit. Stop still at 1.3000. I'll keep monitoring as I'm not confident this truely is the bottom. The run up just now does signal momentum is not only down anymore.

What is the reason you switched away from Oanda?

Which broker(s) do you all use?