Baruch's Forex System Journal

[Baruch]

No reports today.

 

[Baruch]

"In no field is the old maxim more valid - that a little knowledge is a dangerous thing - than in investing".

 

[Baruch]

Quote from Baruch:

No reports today.

Not true.

Germany: March nsa construction orders: - 3.6% y/y.

Not good for euro, I suppose.

 

[Baruch]

There has been a sell signal, but I can't take it because my trading station is down. Again.

 

[chinook]

Quote from Baruch:

There has been a sell signal, but I can't take it because my trading station is down. Again.

Is that in BP/USD?

How much commission are you paying for the forex futures per side?

Chinook

 

[Baruch]

Quote from chinook:

Is that in BP/USD?

How much commission are you paying for the forex futures per side?

Chinook

Yes, in both EUR/USD and GBP/USD.

I pay TOO MUCH! I should use IB, but I don't like their website and system and bad service. Too complicated. I wish I had the low commission TraderGUY pays...

 

[chinook]

Quote from Baruch:

No, in EUR/USD

I pay TOO MUCH! I should use IB, but I don't like their website and system and bad service. Too complicated. I wish I had the low commission TraderGUY pays...

Actually, I've been an IB customer and I'm quite happy with them. If you don't like using their system directly, you can use Bracket Trader , ButtonTrader etc... as front ends.

Chinook

 

[Baruch]

Quote from chinook:

Actually, I've been an IB customer and I'm quite happy with them. If you don't like using their system directly, you can use Bracket Trader , ButtonTrader etc... as front ends.

Chinook

OK. But what about news feed?
And I have seen many threads here about troubles with IB...

 

[chinook]

Quote from Baruch:

OK. But what about news feed? And I have seen many threads here about trouble with IB...

IB is just bare bones. You get great executions (I only trade CME products) and low commissions. No news, no charts. I use Tradestation for charting and analysis purposes. Perhaps you can keep your current broker and use IB as your second broker.

You can use free Mehved's charting program with IB data. But then you can't write custom indicators for your charts.

Chinook

 

[Baruch]

Quote from chinook:

IB is just bare bones. You get great executions (I only trade CME products) and low commissions. No news, no charts. I use Tradestation for charting and analysis purposes. Perhaps you can keep your current broker and use IB as your second broker.

You can use free Mehved's charting program with IB data. But then you can't write custom indicators for your charts.

Chinook

OK - and thanks. I will check IB again. But I need a simple trading station.