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I am satisfied with IDEALPRO through IB.

I use stop orders a lot. Drawback is sometimes there is slippage, but in futures it is not adverse.

Interesting suggestion. But I'd never give you more than 5% per year under these conditions and would keep all the rest of profits. Why? Because share of profits is a number which as everything else in free economy is priced off supply/demand. And what is the closest competition to your offer...

I don't trade news, but just curious, why would they ban a news trader if they're a real ECN and not a bucket shop?

This is great news actually! Cause I would never look at any profession where say 50% of ppl in the world can succeed as something that is worth spending time on... Cause financial results in any profession strongly correlate with the fact that if your professional qualities are RARE you can...

Well, my scalping FX instruments are restricted to EURUSD and maybe USDJPY, so IDEALPRO seems to fit perfectly for this. And for swing trades brokers doesn't matter that much i guess.

Can retail trader trade with Currenex? I visited their site but didn't found any info on it.

I see about news, but it seems a bit rough to increase spreads so much in every news case (I can understand movers like jobs or FOMC, but every news?). Idealpro didn't do this at that time. As for being stopped out it's ok as long as it goes with a plan, at least today with Idealpro I...

Thanks for answers. I simply settled down with IB's IDEALPRO after today when I tried Oanda spread for no obvious reason and without any warning became 10 pips around 9AM GMT. This caused my order to be cancelled instead of entering a trade.

Hello everyone - I'm testing waters in trading FX with the same method I used to trade index futs, but in doubt if Oanda allows trading activity which assumes 10+ trades a day with 5 pips stop-losses? Maybe anyone has experience on what kind of activity is considered scalping by them and...

The bigger sellof the better for a daytrader. :)

Agree. I don't see at all how FX (or FX futures) any different from any other instruments... Yes each contract has its personality but basically same TA applies everywhere. And also, most people can't trade not because market is untradeable, but because they lack psychological skills needed...

Why would loss be huge if your stop is set? Only gain is huge in this high vola which is great.

Profitable method is worth nothing without a profitable trader to apply it to markets.

I use confluence of different time periods, but not in a way you described. In the case of divergence indeed price dropped first and as CCI uses median price for calculation it hooked, but in today's example of TLB, no drop below actual price TL happened, so CCI was a truly leading in this case...

Caught an example of early CCI TLB this morning on HSI. BTW, there are two profitable CCI setups as well on this chart one before and one after the given TLB. :p

Funny, but Woodie DOES admit it. :) Literally in the first lines of "official" document describing Woodies system there are words that "successful trading is much less than 20% trading system and more than 80% mental control". Also seen this statement several times on Woodies forum.

Bytehoven: Here is an example of CCI showing a good shape regular divergence, while price bar closes up and this setup allows to pick almost an exact top with a very nice risk/reward. Chart is 5min NQ, Globex session. Cheers Janis

Unfotrunately I cannot see on Larry's charts examples of what I said, but will try to pick some of my charts where such a case can be seen. It mostly happens with TLB's on CCI happening before actual TLB in price and CCI regular divergences, when CCI hooks while price still goes down and...

The question is HOW given indicator was "used" (if you don't like the word "tested") by you against live data? That is what I pointed to. If indicator is "used" in a mechanical way (say crossing 0 or -+100 etc.) it is one story and use of it to see patterns, some of which may be profitable...