Hi Kingfisher, First, I would like to apologize about any grief this may have caused you. I took the time this morning to research the pricing during the 4:30am period when the low was reached, and I also reviewed the pricing from Oanda's website ...

FXCM Micro Account Trading Environment Test

US Dollar Forecast to Trade in Choppy Range on Unclear Sentiment — DailyFX is forecasting choppy range trading. The SSI data has been giving strong signals as far as positioning, USD/CHF comes to mind, but we haven't seen strong continuations ...

FXCM/DailyFX Signals and Strategies

Mark Dow, a hedge fund manager, has an interview on Yahoo Finance explaining that the dollar is falling due to a lack of demand and not due to an oversupply of dollars. Other investors, (Jim Rogers comes to mind) are concerned that the Fed is ...

FXCM/DailyFX Signals and Strategies

Reduced Leverage — As most of you have probably heard, the NFA has passed an ammendment setting a maximum allowable amount of leverage brokers can offer to forex traders. The major currency pairs will have a maximum leverage of 100:1 (1% ...

FXCM/DailyFX Signals and Strategies

USD/JPY SSI extremely long... — USD/JPY fell through an important support level at 89.30 and retail traders are aggressively adding to long positions in hopes of averaging into a better price. The next major support level is near 88.20 which ...

FXCM/DailyFX Signals and Strategies

A fast moving market is an indication of illiquidity. Sending a market order with market range = 0 during a fast moving market will naturally increase the chances that the order is rejected. How the market order is setup (market range vs. at best) ...

FXCM Micro Account Trading Environment Test

Forgot to mention OCO orders in my last post. The OCO order functionality now has two options: Simple and Complex. Simple OCO The Simple OCO Order is used to link 2 entry orders of the same currency pair by one-cancels-other (OCO). The OCO is ...

FXCM/DailyFX Signals and Strategies

FX Trading Station II: Added Features — Here's what we added to the FX Trading Station II over the weekend: 1. Net Stops/Limits added to the summary window. This is only for FXCM US accounts: image 2. Close All and Close All for Symbol added ...

FXCM/DailyFX Signals and Strategies

It is possible to create custom indicators for the FX Trading Station II. No functionality yet for coding your strategy like an EA. The indicator SDK can be requested here url and www.fxprogrammers.com has an FAQ and help section. I've heard that ...

FXCM Micro Account Trading Environment Test

Happy to hear!

FXCM/DailyFX Signals and Strategies

Note for anyone having orders rejected: If the order type is set to Market Range, increasing the pip amount for the Market Range feature can help decrease the number of trade rejections due to price movement. Market range allows you to control the ...

FXCM Micro Account Trading Environment Test

FYI for FXCM traders with FXCM (US) LLC. There will be an update to the FX Trading Station II adding stops and limits to the summary window of the platform. So you can now add a stop/limit for your entire net position without having to use an OCO ...

FXCM/DailyFX Signals and Strategies

News in 60 Seconds: Volatility creeping up again in stocks..could be precursor to sel — From Sean Hyman of the DailyFX Powercourse: biggest % gainers: NZD/USD up 0.49%, GBP/CHF, GBP/USD, AUD/CHF...so mild GBP strength and mild CHF weakness. ...

FXCM/DailyFX Signals and Strategies

News in 60 Seconds — FXCM Powercourse Instructor Sean Hyman writes an update every morning on his blog giving a brief highlight of important news events that occurred overnight and important news events to watch for during the day. It's a ...

FXCM/DailyFX Signals and Strategies

Also, the SSI data on DailyFX Plus is more extensive than what I post in the positioning graph. Below is the full screenshot of the SSI page. There is also daily % change in long/short positions and an open interest pie chart. image

FXCM/DailyFX Signals and Strategies

Hi Inf.Investor, Thanks for the questions. You are correct about how to read the positioning number. A negative number means traders are net short that pair, whereas a positive number means traders are net long that pair. The actual number is ...

FXCM/DailyFX Signals and Strategies

I discussed this on page 15 of the thread url Micro explains the execution process in the mission statement on the website url . Nothing is hidden. Please feel free to post questions about FXCM in this thread I have created url

MarketMakers

Hi Apocalypto, The SSI is giving traders insight into retail positioning the same way the COT data gives you insight into the positioning for speculative and commercial positions in the futures market. I'm guessing your opinion is the same about the ...

FXCM/DailyFX Signals and Strategies

EUR/USD still testing the important 1.50 level. Here's the latest Elliot Wave Analysis from Jamie Saettele. Jamie's bias is short EUR/USD. image Elliott Wave Analysis can be found on DailyFX here url

FXCM/DailyFX Signals and Strategies

Hi Apocalypto, I mean no offense at all, but your posts seem to ignore (lack) facts. I enjoy the discussion but also understand your opinions are just that. A lot of opinion gets passed off as information. I've taken the time to back up everything I ...

MarketMakers