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No, you are wrong. For example: Buying eur/usd (100 000 units), thus: buying 100 000 euro AND selling (100 000 * 1.2810) USD. Now closing the position at 10 pip profit (no spread in this example): Selling 100 000 euro AND buying (100 000 * 1.2820) USD. As you can see, your net...

Buying 100 000 units (one lot) at 1.5 pip spread, you have 15 USD cost (spread). So you start down 15 USD when opening the position. Every pip will move you 10 USD in the direction of the pip.

hey coinz, looking forward to reading this journal ... when I have time. Keep us entertained! :D

An entry order at the stop level of both positions will result in EXACTLY the same thing. You don't need hedging.

Cutten, Do you really see central banks dropping a currency ten big figures. They would probably operate more discrete and over a larger timeframe, not?

The following chart is just perfect. To bad it's so much easier in hindsight. :( http://img257.echo.cx/img257/2183/abc1pj.png

YOu can view the history of the past month: http://www.fxcm.com/contest-winners.jsp

Indeed, massive. After three pm, euro rallied a hundred pips, don't know what for though. :)

Why would you assume Oanda takes the difference? Oanda probably uses interestrates provided by commercial banks, which differ for borrowing/holding.

Technically, hedging the same pair is the same as being flat. It does not matter how you trade, or what you do, this simple fact hold is all cases; everything you do with your current strategy (using hedging) can be executed from an initial flat stage and without paying the spread twice...

This makes no sense at all. If you believe your position is going the wrong way on your timeframe, you should EXIT the position and trade the other side. Please reread your post, it's really wrong to trade like this. Hedging could be of use when trading different timeframes, but for...

Bucketshop mean ... like a casino. They take the other side of the transaction. Your loss equals their gain. This means your market maker has an interest in not letting you gain money. If you trade somewhat larger swings you will probably be ok, but shorter timeframes could be harder to trade...

You could use the hotkeys. Press F1 and F2 to open the order window and hit submit to enter the order. The size and other fields can be preset in preferences. You may like the new Oanda trade layout better, login to the FXGame beta to see the upcoming changes (though it might take a while...

http://fxtrade.oanda.com/resources/economic_calendar/ec.pdf Only for the current month though.

Some support at 20, but it could retrace further to the 618 on the dayly charts. http://img19.exs.cx/img19/4240/hour3wn.png http://img19.exs.cx/img19/3171/day4kq.png

Did you enter your position? :eek:

That's because the correction started on 31-12. The correction was complete at the 27 lows. The current correction results from the up move since these lows. But that's my opinion. :)

I believe the trend is up, this is just a correction.

euro still going lower ... ?

I was asleep, so couldn't enter, would have been a good entry though :) http://img126.exs.cx/img126/4492/untitled0qa.png