96.30..

USD/JPY Discussion

Not sure if that sharp drop was all a reaction to this, another one bites the dust! Aug. 15 (Bloomberg) -- Australia's Basis Capital Fund Management Ltd. said losses in one of its funds may exceed 80 percent as the rout in the U.S. subprime market ...

USD/JPY Discussion

Wow some major carry unwinding underway, 117 broken. Hard to imagine G/J off some 500 pips in the past 24 hours. Have to be misery for anyone holding long.. Dutch, is your friend still short A/J from 107? Great trade.

USD/JPY Discussion

Since when do scalpers care about interest/swaps? fwiw, Oanda has the best swaps, I'll give them that.

Best broker for scalpers?

I haven't tracked it at those times. I would download the demo and monitor.

Best broker for scalpers?

That may very well be the case, in which case, it's up to all of us to do our own DD before finding the best solution. My suggestion was for anyone seriously considering scalping to consider the ECN brokers, as they would be best served with spreads ...

Best broker for scalpers?

Thanks. They have the correct 17:00 EST close, but show it as 24:00/00:00. I guess it's just an MT4 limitation - the daily close being locked with the 24-hour clock reset. It should have the 17:00 close, but have the chart timestamp/clock display ...

East coast Metatrader feed?

shrike - I don't yet trade on FXi as I'm more of a position trader (trade with IB currently). I'm not sure what time of day it was when I took that screenshot of their demo, but the demo is free, so you can download it if you'd like to view their ...

Best broker for scalpers?

Scalping on a fixed-spread or dealing desk broker is suicide, go ECN only. 1 pip or less. IB, MBT/EFX, any broker with Currenex, HotspotFX, etc Here are the spreads at a random interval on HotSpotFXi, notice nearly all spreads are 0.5 pip or less ...

Best broker for scalpers?

None.

Futures vs Spot Currency Trading

Spread is typically 1 pip in futures. And like a true ECN, Globex allows you to make a market, thus with limit orders, you can be filled on your side of the market w/o paying the spread. Obviously, if you're chasing a market you can't wait around to ...

Futures vs Spot Currency Trading

For the most part it's the same; trading spot vs futures. There are a couple subtle but important differences (other than the ones previously mentioned). For example, in futures, the base currency is always the foreign currency. Thus, JPY, CAD, and ...

Futures vs Spot Currency Trading

The only problem is that UGMFX uses midnight EST as their daily close. And they use a 6-candle week on the daily chart (extra Sunday candle). SNC uses a correct 5-candle week, correct 17:00 EST daily close, but they start the 24-hour clock at 17:00 ...

East coast Metatrader feed?

Yes, indirectly. The interest rate differential (IRD) is intrinsic in the contract price. Google "forward points" or read up on it at cme.com. With JPY futures for example, you "receive" the daily swap in the sense that the forward points are ...

Futures vs Spot Currency Trading

True, but Oanda is one of the biggest retail FX brokers, their customer position ratios present a noteworthy viewpoint of general retail sentiment. I just found out FXCM also publishes similar data. An examination of the two data sets shows nearly ...

Trading against the majority

Terribly unrealistic strategy.. A 5-pip stop loss is a joke. Oanda has 1-pip spreads? What planet are you on?

Success Stories--Those without Harvard Education, Aweso Mentors, or Genius Intellect.

InteractiveBrokers offers both from the same platform.

interest hedge strategy - futures and forex

The historical ratios (up to current) I find are more informative. url

Trading against the majority

dove, you certainly have given a whole new meaning to the phrase "holier than thou" Thanks for the info on pivots. It's interesting how we share such differing viewpoints on timeframes. My system (profitable the past few years) is predicated ...

USD/JPY Discussion

Intraday, you'll have to ask dove, he's the master there. On the longer term, there may be further consolidation with an upward bias. The February correction took about a month to clear the 200-day SMA and 38.2 fib (with many headfakes along the ...

USD/JPY Discussion