For Forex, business as usual. Anything else is closed if related to USA trading - Ric

OANDA Discussion

Hey Samson, So it has been a slow week for me. AUDUSD was flat. Price did go above 0.75000 which I was looking for last week. However after 2 trade attempts, it struggled to go beyond 0.76700. One trade ended +6 the other ended -25 for a net loss of ...

Fundamental Trading Always beats Technical Trading 100%

I had a account with them as well as Oanda until July 2011. That is when they moved all US traders to US "Partners". Instead, I moved my funds to Oanda. It is to bad, I really liked them. - Ric

OANDA Discussion

I do not work for them and this is not a promotion but defending a decent broker from the typical rookie rants. Not sure what country you are from but in the USA we only have 3 choices and in my opinion, Oanda is the best out of the 3 until you ...

OANDA Discussion

I am not sure what some of you are doing. Oanda has some of the best spreads especially if you get a premium account which you should have anyway. Playing the markets with chump change gets you nowhere. Yes spreads go up when liquidity is low such ...

OANDA Discussion

LOL and that is Oanda's fault? Stop blaming brokers. Makes you look like rookie. - Ric

OANDA Discussion

So I ended up closing the GBPJPY with +25 PIPS. I knew I should not have taken that trade but at least I did not lose. Also decided to close WTC Oil @ 71.48 (+289 Points). It is just been back and forth between 72 & 71 for a few days. Im not liking ...

Fundamental Trading Always beats Technical Trading 100%

I wouldn't bet against USD for the long term either. All my pairs are W&S for now except for GBPJPY which I Longed yesterday, Im not sure about it so I set a small TP 100 PIPS JIC. Basically scalping the D1 chart. End of week so I do not expect much ...

Fundamental Trading Always beats Technical Trading 100%

Congrats Samson. Don't let it go to your head my friend. Things tend to get a bit crazy when big money is on the line. Your psyche will be tested. Im not talking about $50K. Please, do not focus on getting 10-20%. Do what you do, get what you get ...

Fundamental Trading Always beats Technical Trading 100%

Hey Samson, That is last years data. Euromoney releases that info every year. This is the 2017 data. You can view the results all the way back to 1996. The total is closer to 60% ( actually 63.15%) not "well over 70%". Marketing ploy to get you to ...

Fundamental Trading Always beats Technical Trading 100%

What he said - Ric

Fundamental Trading Always beats Technical Trading 100%

Hey Samson, While I agree that a slight deviation in spreads (0.3 or less) does not have a major influence on my over all trading, I do take my spreads & commission charges seriously. The more I spend the less I make and that money over time will ...

Fundamental Trading Always beats Technical Trading 100%

Actually that screenshot was taken after the market closed on Friday. That spread is the weekend rate. My average spread on USDCHF is >1.0. But thanks for looking out. - Ric

Fundamental Trading Always beats Technical Trading 100%

I have been using them since 2008 and have never had an issue. If you can get a Premium account , $20K minimum, you will get a roughly a 40% discount on spreads as well as a 20% discount on commissions. You can trade right through TradingView if you ...

OANDA Discussion

Hey Samson, Looks like I got out at the right time on my USDCHF trade. At the close of US session today, USDCHF had fell over 50 pips. It never reached yesterdays highs and is turning to down the side. I am not sure it will reach any new highs tech ...

Fundamental Trading Always beats Technical Trading 100%

Well my USDCHF SL of 1.0000 got hit while I slept. So, there you have it. +344.2 over 18 trading days. My EURUSD also closed out during US session @ 1.18914 +388 over 15 Trading days. With that I am currently trade-less. Just in time for a slew of ...

Fundamental Trading Always beats Technical Trading 100%

All I have left open currently is EURUSD Short, USDCHF long. USDCHF is not doing much. Should close out soon. EURUSD has moved a bit more, enough that I adjusted my stop by an additional 70 pips. Not sure what it has left. - Ric

Fundamental Trading Always beats Technical Trading 100%

I know that. Samson mentioned NFP and I was explaining why I don't care about it that much. I trade the Daily chart so most news has no large immediate effect on my trading. I am fully aware of all the news and how it may effect any open trades I ...

Fundamental Trading Always beats Technical Trading 100%

Hey Samson, To be honest, these days NFP is a joke. Nothing like it used to be and not at all scary. At one time it would have 100-200+ pop on a regular bases. Those days are gone. If I was already in a trade I usually make an adjustment if I am in ...

Fundamental Trading Always beats Technical Trading 100%

If the USD weakens, I can just reverse positions. I have been at this for awhile and the USD pairs work fine for me based on my trading strategy. I trade daily chart on a EOD basis. The volatility of cross pairs and the extra margin requirements, ...

Fundamental Trading Always beats Technical Trading 100%