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High daily ranges are not necessary to day trade. Even in reduced ranges such as today, It was possible to simply sell every time it reached about 977 -977 1/2, and buy in the area of 974-975 providing multiple opportunities with relatively low risk ratios. I believe it is a fallacy to equte...

Looks like 3 days inside the 5th August bar. I wonder where this is going next... Best Natalie

Added - Not quite the same as buying and selling exactly the same thing in different markets for the price differential.

When Arbing anything against anything else, you still need to close out both positions in order to actually take the profit, otherwise you simply have a paper position open. Where you have 2 instruments/companies or whatever that are seriously out of synch for essentially the same thing (and...

So you treat your risk management (size etc) and capital management and assignment accordingly, but remember the targets are much bigger too. So all the same principles of money management apply - it's just a different market with different parameters. Best Natalie

for example. Instead of using say 5 mins and 30 mins as your basis to trade from, use 15 mins and 2hours or 60 mins and daily etc. Just examples - nothing more... Best Natalie

My guess would be to go up 2 or 3 time frames, with wider targets and stops. When I did that looking for the first time, my methods from the index futures simply applied in much larger timeframes to FX seem to work just fine. I also discovered that using the shorter timeframes I use in...

Yeah! The other nice trick that gets played, is the widening spread just as things get interesting around news time. Suddenly the spread has doubled to 'cushion' their position for a minute or 2... Best Natalie (also makes it easier to butcher a few stops...)

Yep. I can't speak for the FX companies, but the Spread companies here certainly do exactly that! (Interesting thing is that they won't deal back into the centre either. the second you try to jump on a disparity, the move back into line without giving a fill...) Best Natalie

Phew - Now that's settled. The only reson this side topic came up was that I mentioned a similarity in the operation of SB's. Sorry to all for my causing this thread to go off topic. It was not intentional. Best Natalie

I'm not saying that at all, nor am I saything that the spred bet companies do either. What I am saying is that they have enough price control to be able to skew the prices to suit their 'book' within a margin for error. Obviously If I had 2 accounts with 2 different companies and they were...

With a spread bet, basically you are placing a bet against the company on the other side that the market or a stock is either going to rise or fall. They spreadbet company set the price, and move it around according to their own risk. It doesn't necessarily reflect the true price of the...

Thanks agains Rezo That has confirmed my suspicions completely. Let's face it, they wouldn't stalk ptential clients so agressively if all that was in it for them was a couple of pips on each trade made would they? Sounds more and more like spreadbetting companies over here. Best Natalie

Thanks Rezo Interesting information there. It does make me wonder when they are sooooo agressive is seeking the business. I'm getting spammed by them almost every day, and it is relentless. Adverts, and e-mails from account execs trying to win business. (Who can blame them for trying to make...

Weren't we talking about just this sort of stuff? best Natalie

Interesting observation. Best Natalie

Maybe yes... It does rather depend on whether there is enough appetite for more debt. This last round's take-up looked pretty thin, but I wonder how much of that was seasonal as well. Best Natalie

Inandlong These are excellent observations, and a very instructive thread indeed. Looking back through a few 15 min charts quickly, this pattern occurs over and over - or so it seems anyway. :) Thank you for taking the time to do this. Best Natalie

Interesting work Best Natalie

Hi Bubba, This is a very interesting exercise indeed. Have you ever tried it using three paralel grids, using 5 mins as the base to get the 15 min blocks, but starting each block 5 mins later than the one above (with a 5 min offsetting), so that the three grids overlap? Best Natalie :)