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Scalped around short, net result: -10 pips. Do you roll to the new contract after the close on Friday?

I will not fade Beige Book I will not fade Beige Book I will not fade Beige Book...

Hope you held through the news and got paid off. I reversed and went net short (small) on surge through IH, but am now looking to get out at breakeven or on a dip, might have to caugh it up at higher levels if it keeps running. Am about 11 pips under water ATM. Prev trade banked 1x10 + 1x20 pips.

Never being one to look a gift horse in the mouth, took my money and ran. Good trading to you.

Took half. If it keeps pushing up, will take the rest and might even reverse into it with small size. If it fails here and retests low might reload again around 1.2775 cash. Got beige book news right now.

My own view off the hourlies is we haven't bottomed yet and on the tick chart we haven't made a higher high yet so if I get a chance, I'll take off half with a scalp, in case I need to rebuy at same/lower spot due to downtrend resuming. These downtrends often stall out at about noon, and the...

Caught a total of 45 pips over 3 scales on a short - didn't ride it as far as it went. Now I'm scaling in long. The bottom might still not be in but I will add if we go down some more. It still hasn't shown it's ready to uptrend yet = no higher high. Avg price at 1.2775 on EUR/USD.

Weakening weeklies eh? I tend to agree on the Euro. On the spot it can't even make it back to 1.29 on the past two most recent rises. 1.28 cash still holding short term but looks like it's going to cave at least to 1.278 maybe 1.275 (spot) for a retest/breach - my guess would be sometime before...

If you're a green newbie the Marcel Link book is as good as any of the intro or beginner books that abound. If you're already wet behind the ears or are looking for an advanced approach to the markets, the depth is lacking in the Link book.

I'll tell you what. Stock index futures roll over this Thurs morning. Best to roll them Wednesday night. I'm not sure of the currency futures. I think it's Monday. I use the auto roll feature built into Interactive Broker's Trader Workstation. Works great, and does the thinking for me. I saw a...

Best bet is to fade everything you read in a thread like this about strategies and theories.

Good point.

Just to expand on danger's comments: fixed pip broker = bucketshop = dealing desk that is out to get you = changing rules until they finally take the squirrel's nut. Only the craftiest squirrels can beat that game.

Hey Einstein, who is going to take you seriously as an obvious MB shill? And learn how to click "Submit Reply" only once while you're flaming.

Yes I agree with every word of this and have had virtually identical experiences on all counts. Orders not showing up in market depth, price trade throughs and no fills, quotes ghosting several pips off the market just as my order is placed, complaints and no cigar - no take that back I think...

No apparently you just haven't had this problem. It's real, the IB staff doesn't acknowledge it is there but when you have a limit bid on the system and the ask trades 3 pips down through your price and you get no fill, you do the math. Their response is "Call tech support when this happens". On...

thanks riskarb - appreciate your offer to provide feedback.

Guys I've had the same kind of problems at IB. I hate to say it but I think retail forex traders have very low expectations because of what else is lurking out in the deep waters. But really, we ought to raise the bar on our expectations. These kind of technical snafus shouldn't be thought of as...

So it sounds like FX futures and hotspot hold banks to their trades. That isn't a very long list. :(

I'd like everyone to think about a different kind of story to point out how ridiculous it is that banks can get away with not honoring quotes. Let's say Joe Trader, trading one lots from his basement office like he's on a mission, gets filled on one of his offers during "high volatility" of a...