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- sccz97 replied Sep 2, 2008
if you are trading cnx via fix thne why dont you just code up your own synthetic trailing stop. It shouldnt take more than 10 mins
currenex trailing stop
- sccz97 replied Aug 15, 2008
I think you'll find that when this happens it's usually because there's has been an incorrect quote in the interbank mkt also so it's not really ibfx's fault if they are deriving their prices from ebs. If the off-quote has caused any incorrect fills ...
Problem in trading with InterbankFX
- sccz97 replied Aug 14, 2008
As with platforms, I believe you should have your funds split across diff brokers. IT doenst matter if you're using cnx on all as cnx is quite customisable so it will be diff depending on the broker you're with. Also, and much more importantly, you ...
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Aug 13, 2008
an honest answer would be, I'm more comfortable with it. I'm sure if I used hsfxi enough I'd find some quirks with that. Having said that, the order matching there is more like that on futures exchanges and I've not heard of any orders being busted. ...
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Aug 13, 2008
I've been using cnx for the last 3 yrs and with an avg monthly vol of over 2 yards I tend to do a fair number of trades. I've had trades amended freq enough to just accept it as part of trading spot as the pro's far outweigh the cons. I have never ...
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Aug 11, 2008
This advice is prob a little late in the day, but speaking from personal experience I graduated a comp msc dgree from a top 3 uk uni (easy to guess as i dindt say top 2) and went into management consulting as I couldnt stand programming anymore. ...
Advice needed, bright future at stake
- sccz97 replied Aug 11, 2008
this is the only thing that annoys me about cnx. By default, the logic that cnx uses to determine which bid.offer to match against your order (assuming your order is now at the front of the q) is the best price available for your order. So if you ...
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Aug 11, 2008
I think the main lesson is not to trade news unless you know what you are doing, and if anything goes wrong, dont complain
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Aug 11, 2008
cnx and your broker will treat orders diff if they come from other traders. As i mentioned cnx has a last look facility for the banks providing liquidity. In this case the person chose to trade a cross with little liquidity around a time when ...
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Aug 10, 2008
banks providing liquidity to ecn's such as cnx can and will amend trades. This happens more frequently than you think but it will only affect you if you trading style lends to the situations where this action can arise. As you know, each 'exchange' ...
Interbank Spot: "Bank Reversals" Make it a Fools Game???
- sccz97 replied Mar 15, 2008
Do you know how this new hotspot platform ties into the back end? I use the original hsfxi platform which is a fully matching order system which only uses limit orders (which is one of the major benefits of it over say currenex which has certain ...
MBTrading vs HotspotFX vs Dukascopy vs IB
- sccz97 replied Mar 15, 2008
not trying to be an ass but you do realise that it's showing 0.1m on the bid. What's the point of a 1 pips spread if you can only deal in 100k? All this fixation on how wide the spread is means nothing if liquidity isnt there in size. What happens ...
MBTrading vs HotspotFX vs Dukascopy vs IB
- sccz97 replied Mar 12, 2008
I agree, but I was talking more about ad hoc news that hits the wires, not scheduled data.
Market Makers & ECN’s, Is the grass greener?
- sccz97 replied Mar 11, 2008
the problem with most 'news traders' is that they all try and do the same thing. Hit the mkts when economic data is released. Some may get in, most will not. Why bother trading at a time when it's obvious everyone is scrambling around for the ...
Market Makers & ECN’s, Is the grass greener?
- sccz97 replied Feb 19, 2008
From my experience I have to disagree. Hotspot is great in that it acts like a pure exchange and all trades are 100% anonymous. Depending on how you trade hs might not have sufficient depth for you to trade in size. It is great if you feel there is ...
THE ECN room.
- sccz97 replied Dec 20, 2007
this is a great misconception when it comes to fast markets on ecns. Agreed the likelihood of not getting the price you want when prices are all over the place and liquidity is thin is higher but getting a worse price than you expect is not a sure ...
Currenex Platform Demo needed
- sccz97 replied Oct 31, 2007
apologies if i soudned rude. What i meant to get across was you shoudl be trading a particular instrument mainly due to how well you know its market, and whether the characteristics of it suite your trading style.
THE ECN room.
- sccz97 replied Oct 29, 2007
If you think this is the whole point of trading fx as opposed to another instrument then you're trading for the wrong reasons Any hedge fund that utilises > 10x leverage whether in fx or any other mkt is run by cowboys and most likely has less than ...
THE ECN room.
- sccz97 replied Oct 28, 2007
I'm not quite sure I understand why you posted the link in your message. You were laughing at someone who (wanted high leverage) or (wanted to use mt4). IF it was the former (or indeed both) I cant see why you are now looking for a broker to offer ...
THE ECN room.
- sccz97 replied Oct 17, 2007
Not meaning to be rude but do you understand what influences currency pairs? Sterlign yen is going to be affected by uk and jp news. PErhaps you should look at all the other yen pairs before hypothesising about any leaks.
Consistent Market-Moving News for the GBP/JPY