Ivan's Trade Thread, part II

Quote from rsikit:

Cable,

Maybe you can help me out here, I have been trading live for just a little bit now. I trade thru GFT and MBTrading, and an account at trdestation. When you trade at Oanda and say you make a few hundred in a day or whatever. Does some money get taken out a few days later due to currency conversions or what not. I am talking about intraday trading, and I wasnt in any trades when they do there rolls. I just want to make sure I am not getting ripped by the broker and see if thats normal. Today I did a few trades made like a 100 bucks but then I noticed my equity refelected that 100 and then a few hours later it showed me still up a hundred but my cash balance reflected as if it were 80$ and I called and they said it was a conversion that was done for trades a few days ago since currency trades settle every 3 days. Just want to make sure thats correct with others, thanks
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Hi rsikit

It's conversion of your profit/loss into your account currency, they're not ripping you off, but brokers like Oanda do it automatically when the trade is closed.

What kind of rates are you getting for the conversion, does it tell you?
 
Quote from davidmaria1:

Sorry for the delayed response.
I use standard pivots , off the 1 day chart. Looks as though there has been little movement out of range all day.
What are you using to calculate VIX? RSI?
I just looked at a daily, Some would call that an M-something- or -other. No f'n idea how to use that. I use only daily pivots and a stoch, 14,3., and trendlines.
Set the EUR/AUD on a 1 hour, look at the trendline channel starting back around Oct 29.:eek:
I gotta go vote for the other guy before the polls close.
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lol, 'M-something- or -other. No f'n idea how to use that'. No I haven't got a clue about that one either, what happens after an M....meltdown? Ah no, I just Googled it, M/W

Bloomberg TV told me the VIX was below 50, they're so much better at technicals than me (not hard!), but there's a chart here.

That channel is great isn't it! When I see something like that I just can't believe how easy this could be, it's us who make it complicated!
 
Quote from lynx2004:

Just a quick question guys..

Anyone here trading FX thru IB's IdealPro? Is there any disadvantages? Thanks.
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I used them a while ago but couldn't get along with their buggy FX Trader platform but they may have sorted that out by now. Other than that they seem to be ok, check out the reviews.
 
Quote from TradeViper:

Hey y'all. Unfortunately the wide spreads are happening everywhere, even on Cx. Get a Cx demo from somebody, like Aaron, or PFG and you will see what I mean.

The spreads are related directly to a lack of liquidity, remember the role of the speculator is to provide liquidity. In general the higher the liquidity in any market the smoother the moves. Speculators are the ex lax of the markets, if there is a lack of liquidity, then you can see prices jumping up and down, to see this look at a tick chart, 1 tick.

In other words the bank/hedge speculators ain't a speculating. Hopefully things will settle down after the election. In the meantime remember the traders mantra "preserve capital, preserve capital, preserve capital, oooommmmmmmm, ooooooommmmmmmmm.

The Ever Meditating and Preserving VIPER
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Hey Viper

That's why I prefer fixed-spread smoothed-price bucketshops like CMC, the 'real' market sucks with it's wild moves and 30 pip spreads :D

A while back I had access to Reuters 3000Xtra, wow, prices moving 100 pips at a time, scared the crap out of me :eek:
 
Long EURJPY at 126.93 , target 129, stop 126.40 .

Did a couple of short scalps earlier, but now it looks like it can go back up.

Stopped at trailing stop 127.40 for +47pips , will re-enter if it still looks good.

EURUSD still seems confined in range up to 1.29 and US RTH coming closer. My bias is at looking for a upwards bounce and at least 129. EURJPY is going to continue being more volatile than EURUSD though. EURUSD will become pretty strong onwards, and ECB is talking it up as well - along supporting banking liquidity in EURUSD fx swaps (with 1.2840 base).

I think USDJPY will go lower over time, so that will make EURJPY volatile.
 
Quote from Gringinho:

Long EURJPY at 126.93 , target 129, stop 126.40 .

Did a couple of short scalps earlier, but now it looks like it can go back up.

Stopped at trailing stop 127.40 for +47pips , will re-enter if it still looks good.

EURUSD still seems confined in range up to 1.29 and US RTH coming closer. My bias is at looking for a upwards bounce and at least 129. EURJPY is going to continue being more volatile than EURUSD though. EURUSD will become pretty strong onwards, and ECB is talking it up as well - along supporting banking liquidity in EURUSD fx swaps (with 1.2840 base).

I think USDJPY will go lower over time, so that will make EURJPY volatile.
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Good call!

No trailing stops on Yolanda.
 
Quote from davidmaria1:

Good call!

No trailing stops on Yolanda.
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People have been asking for trailing stops for years, all we get is a pretty little green connection bar to let us know we're connected!

:D
 
Saw your post on CMC.
Not available stateside.
Even if trails were available, it wouldn't stop the spikes:(
Oh well, the devil you know,,,etc.
 
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