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Im basically a pure price action trader. Primarily I play bounces off trendlines and also play range breakouts. I dont use any indicators though. What I like to do is to look for "trends within trends". So if I see a 4hour trendline, then I will look at the 1 hour or 15 min to see if there...

I know, and when I started trading forex with real money a year ago I decided to only trade the major pairs. I've seen this issue of spikes before on my demo account, so decided to stay away from the minor pairs where the problem seemed worse. But now I question the data and definitely cant...

I told him you guys were just taking out stops, and thats when he said its not purposeful and blabbered on about banks pulling in and out of the pair.....

Im not disagreeing that the move did not happen, but you do see it on the chart I posted right? PFG is operating based off of that.

2000 pips on slippage......is totally wack. And that's exactly what I told them when I called. The guy I spoke to looked at his charts, confirmed the move, explained something about banks pulling in and out of the pair, and said that the price move looks legit and that they have to protect the...

PFGBest told me they were actual trades....that they have to protect the "integrity of the market"....

Dude....the thread was helpful to me because the move DID OCCUR for forex traders who use PFGBest. I agree that the price action is not confirmed, but its still there as plain as day on my charts. However, knowledge that it did not occur with other dealers is helpful--I wouldnt have known if I...

I trade the AUD often, but I dont have a normal pip profit. Just go by what the chart tells me. Im in a short position right now, if it gets 0.63 I'll look to take profit, depending on what the chart looks like.

Looks like 0.64 is the next support, although I think it will go down to somewhere between .61-.63.

When I first started, I read DayTrading the Currency Markets by Kathy Lien---I think she is pretty good. Also check out her website (kathylien.com). Also Forex Probabilities by Ed Ponsi is a good book for beginners. Dailyfx.com and babypips.com are also useful websites. Also depends on your...

Seems like there were 100-300 pip spikes across many pairs according to FX Accucharts. All around the same time. The two biggest I see though.. 1000 pip spike down on EUR CAD to 1.52 2000 pip spike up on GBP CHF to 1.85 But that PFGBest operates on this data while this price action...

I use FX Accucharts, and according to these charts it happened at 915 am EST this morning. And according to my chart it definitely moved to 1.85. And my demo account sustained a $4000 loss (2000 pips x $2/pip). I called PFGBest about it, and they confirmed the price action on charts they are...

I called them and they said unless there was some type of error in not filling the stop, then they wouldnt bust the stop. They said it was a case by case basis, but my inference from the conversation is that if the price spike was legitimate and simply occured during a period of low liquidity...

I was trading the GBP/CHF on my demo account, and I lost 2000 pips due to slippage! The price quickly spiked from 1.65 to 1.85 in an apparent move to catch stops. and although I had a stop in at 1.7 or so, I didnt get filled till 1.85 I only use real money on the major pairs because I had...

Yeah no CMT for me. After doing more research, doesn't seem well respected. Will spend time on the CFA instead. I have spoken to a couple of my friends from UC that are traders, and they have given me some insight. But this site has provided me with info as well---like deciding not to do the...

BeatingtheSP500.....nice results!

Interesting viewpoint on mean reversion. I inherently incorporate some of that into my trading now. So Series 3 and CMT won't improve my trading? Hmm..ok. Guess I would be doing it to demonstrate drive and a certain level of knowledge. On IIT, I have looked into their programs and...

I would like to work as a trader so I can build capital and also gain experience in trading. The eventual goal is to work on my own as a trader. As I mentioned, I am still trading on a demo. I plan to start real money in Jan of next year assuming I continue success on my demo account. It is...

Hello, first post here. I am an aspiring trader, would like to work as a currency or commodity trader for a bank or other firms. Current Plan: Finished MBA from U Chicago in June 2007. Working a corporate job now, bored with it. Planning to take CMT exams (certified market technician)...