I think you're misinterpreting the charts. They clearly show that the retail holders at Oanda are heavily long, mostly from much higher prices (heavily underwater), and have open orders to sell their positions upwards of 1400 pips higher from ...

USDCAD trend reversal?

Exactly. Trading solely based upon a simple indicator like a SMA will lead your account to 0 before you know it.

Forex can be easy!!!

Why would you ever hold a position down 100 pips let alone 1000 pips? There is something wrong with your stop loss strategy. Also, holding carry positions for the minor pips each day is referred to as "picking up pennies in front of steamroller" for ...

Forex can be easy!!!

The lack of liquidity in futures is a falsehood (from a trader's perspective). Institutions automatically arb the futures market so any spot/futures differentials rarely exist. I've had 100 lot limit orders execute in the overnight market when the ...

Which Broker?? IB TS MBT ???

Glad I could be of help. fwiw, I may look into TS in the near future for some systems work and will comment on the FX side.

Which Broker?? IB TS MBT ???

I can. Oftentimes put an order to buy in 0.5 pip above the bid, sometimes get filled, other times get filled at 0.5 below my limit (price improvement). Other times, don't get filled at all. All depends if there's a seller at my price and how active ...

Which Broker?? IB TS MBT ???

100:1 at MBT/EFX and TS. 50:1 at IB on majors. 25:1 on crosses. This is also important, at IB those margin levels are the initial and maintenance levels. Meaning if you put a trade on at 50:1, and it starts to go against you, IB will start stopping ...

Which Broker?? IB TS MBT ???

They're usually the same for the euro and yen (1 pip on both spot & futures), and roughly the same on the aussie, pound, and cad during market hours. Right now in the pre-Asian session, yen and euro futures are both 1 pip, but pound/aussie/cad are ...

Which Broker?? IB TS MBT ???

Commissions are 2.5x higher at MBT than at IB and TS. I trade with IB and speak highly of their spreads, platform, feed, etc. Margin on cross-rates (25:1) and lack of NZD are a hindrance though.

Which Broker?? IB TS MBT ???

Someday I'd like to meet this army of blind USD bulls at Oanda and slap them silly..

USDCAD trend reversal?

The peg has been reaffirmed by the Saudis. Saudi Plans to Keep Riyal Pegged to the Dollar, Adviser Says url

Why is Yen strengthening so fast?

8610, that puts you at least halfway there if not more. Good trade. Looks like some dollar stops were just triggered, eur/usd 1.3994, +20 in the past few minutes..

Aussie Pairs

While on the topic of news, BNP Paribas estimates the euro heading to 1.50 by 1Q08 on fears of the Saudi's breaking the riyal/USD peg. link

Jacko's Forex House of Pleasure and Pain

The size of the bid/ask on the inside is rarely below $5-10 mil on the ECNs I use. 1-9 lots will never have a problem being filled at the best price. I can't speak for dealing desks though..

Liquidity - Question on trading BIG lots

MBT is $5 per $100,000 per side, so I'm not sure how you came up with $2 round trip. The spread at IB is 3-4 pips. Commission are less than half of MBT's ($2 per 100k with a minimum of $2.50). You'll want to stick with an ECN if you're scalping, ...

GBPJPY spread

Equities are safe thanks to the Bernanke put. Inflation rally underway.

Aussie Pairs

Every trading book & blog out there seems to involve chart patterns in some way. Yet not once have I come across a long-term profitable pattern trader (which would lend credence to Nassim Taleb's theories). One of the guys in Market Wizards claimed ...

technical price patterns' Rate of failure.

Except for the significant IRD, gold & oil prices at record prices, etc.. And the logic/analysis behind that is...? This is old news. The credit tightening has been underway for nearly 2 months, Aussie fell and since has recovered >70% of that fall. ...

Aussie Pairs

Where does it say that? Or are you referring to the rollover swap offset? If so, that's a standard practice by all banks & brokers (to apply the swap and extend the 2-day forward settlement).

DukasCopy question

There is no "popular" time for a daily candle to begin, there is only the market standard. The daily chart should always begin/end at 17:00 ET, the close of the FX day, when the banks process overnight swaps. It's a huge gaping flaw in MetaTrader ...

What's the most popular time for a daily bar chart to begin?