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no i haven't. please elaborate on how a bigger spread can be good for traders.

Its shocking to see traders supporting the spread. Its like gamblers supporting the house edge. :eek:

highly improbable.

lol. is that sarcasm or the truth? :eek: the funniest incident i encountered regarding this was when a college student who is a member of his college's trading/investment club told me "indicators help you aim better. the more you have, the more accurate your aim will be" when i asked him...

market makers lose. I support 0.1 tick size though. Higher spread = higher "house edge" to overcome: http://www.elitetrader.com/vb/showthread.php?s=&threadid=53586

Good to see at least one more person figured it out. :eek: Seriously, its hard to change the mindset of discretionary traders because there are always these groups of people that are the BEST supporter of ruleless, seat-of-the-pants, discretionary trading: 1. People who trade rarely, has...

Great post! :cool: Trading should be done as a hobby or side business while working/studying. I know many idiots who quit their day job to go into trading and get all emotional about staying positive and how they cannot fail. In fact...i used to be one!! :D

i'm only saying we need more information. :p arbitrage....r u sniping?

buttontrader is quite good. its a bit pricely IMHO. if only IB would improve their book trader to match!! :D

ah yes. i'll also like to know if we can hit 9mil, 15mil or more at one go.

50:1 should be enough for everyone? unless they're doing some extreme stuff like grid/pool scalper strategies. at 50:1 its: $200 for a 10,000 units mini lot $1/pip $2000 for a 100,000 units standard lot $10/pip Setting a say 10 pip stop loss and 10 pip take profit: A $1000 account...

the lame system: 1 pip take profit 20 pip stop loss this system has 80% accuracy too! :eek:

:D

Saxo is non bucketshop?? :eek: Scalping might be a losing tactic...but it depends on your definition of scalping. If i scalp with trendfollowing tools and 50 ticks profit target is it then a losing tactic? :D If Stumm knows so much about trading why is he running an fx shop instead of...

thats a good idea. however using support/resist to determine stop imply that these areas have an edge. which might not be true.

The stop IS as wide as possible. I trade with 30-50 pips take profit. Currencies trend 20-100+ pips non-stop all the time with a little retrace (10 pip retrace maybe). The initial stop is at about -30 pips. I say if the market turn against you 30 ticks in FX its as good as telling you u're...

Yes you're all correct. What we're aiming for here are those big trends often seen in the Euro. Trends that go straight up or down with little retrace. For those that doesn't (chop, retrace etc) we'll either scratch it, breakeven or exit with a little profit.

How to gain an edge trading with trailing stops. :eek: This is writtened with respect to trading the Euro. 1) Use any indicators. Preferrably a Trend Following one like Exponential Moving Average (EMA). 2) Set Take Profit targets and Stop Loss targets large enough to avoid the Market's...

no skalpz is into carry trades too? :eek:

Yeah i do trade at the Big O but just a small account. :eek: :D :p Is that a 0.9 pip spread?? :confused: How do their liquidity provider profit?? EUR was at 1 pip for a day some time in year 2003, Stumm told us they're working on maintaining that spread. Year 2005 and no 1 pip...