What happened to "a couple weeks off"?
Money on the table...
Money on the table...
The real reason for the extreme tough trading in the FX?
- Thread starter livermoreorless
- Start date
Quote from davidmaria1:
What happened to "a couple weeks off"?
Money on the table...
lol, got bored with gardening and watching daytime TV
I hoped to leave Oanda but it's proving more difficult than I thought, no-one wants to move. Their price feed has got worse, it seriously lags now but the quotes aren't tradeable, I tried and got mega slippage for my trouble! Last night's FOMC was an absolute nightmare (sigh)
You trade longer term so it probably doesn't affect you so much.
How's it going anyway, I saw a nice Aud trade in the other thread!
Just to be clear, that is also the way I would define it - if I bought 1m of EURUSD at 1.3960 and sold it at 1.3970 that would be 10 pips no matter the size - the movement, not the size is what's referred to. However, I've seen it been talked about in the matter I referred to previously. So I guess we all agree on that, then 
Quote from 4XQs:
So I guess we all agree on that, then
We do!
Hang on what's happening here, ET'ers agreeing, this is unprecedented!
Quote from cabletrader:
lol, got bored with gardening and watching daytime TV
I hoped to leave Oanda but it's proving more difficult than I thought, no-one wants to move. Their price feed has got worse, it seriously lags now but the quotes aren't tradeable, I tried and got mega slippage for my trouble! Last night's FOMC was an absolute nightmare (sigh)
You trade longer term so it probably doesn't affect you so much.
How's it going anyway, I saw a nice Aud trade in the other thread!
Mid term swing trades have been better, as of late.
I went flat before yesterdays FOMC. Had I stayed short, an extra 100 pips were possible, but I was more comfortable on the side.
As far as leaving Oanda, who can say? It's a case of "the devil you know". Whatever happened with CMC, still with them?
Mid term swing trades, yes I'm considering that myself, it just seems a shame to abandon my little scalping strategy as I've become quite adept at it! That was a nice trade of yours though, I saw there was more profit in it for you even on Tuesday.
Oanda is certainly the devil I know but with this style they're no longer viable, CMC I traded right through FOMC without a blip. Spreads widened for a few seconds back and forth 10/15 even 20 pips but it was only momentary and reflected the underlying market.
You can see the quote freeze in this shot. I had a T/P at 51 on Oanda, price on CMC was 63/65, on IBFX 62 Bid......Oanda spread was 10 compared to 2 on CMC and they froze quotes at 43. I waited a few moments to see if they'd catch up but they didn't, price went down again so I ended up closing the trade manually at 40, 11 pips short of my TP.
It's not just across data though, I could understand if it was. That Cable trade I did at 10.17 on the blotter, price moved up to 17 but Oanda lagged, it took them 5 or 10 seconds to catch up in which time price may have gone back down and I'd be left in a trade I should have been out of with profit.
It's bollox basically, blatant manipulation and totally unprofessional, this is the kind of crap you'd expect from some dodgy Cyprus broker.
So much for oanda...I am a little disappointed.
It doesn't matter whether it's 500 pips with 1 unit or 500 pips with 10 million units. Using the leverages he mentioned the calculation for percentage return is the same, we're not talking account balance and pip dollar values here, you realize that right?
Think about it...............
Yep, me too.
They might suit your style of trading so don't write them off altogether, it's just for my intraday scalping they're not good any more.