Well, if people weren't different in the way they see things, and believe in, we would have been complete machines. I agree that some facts which were mentioned here are a little bit vague to some traders, but they are not as vague as many other ...

Market & Trading Facts

I think any broker with programmable platform can do this. You can just enter a language code to close the trade at a specific time. Trade Station is one of the best brokers which offer automated strategies. InterBankFX also offer automated ...

limit orders at specific time?

Glad to know that you managed to to get out some money from this spike You know while I was watching, I was 90% sure that something fishy is going in there, the spike just went up to the 49 EMA on the EUR/USD chart and above the trading range ...

Spike at 2:00am Pacific Sept 23

Well, it's somehow related to supply and demand. Every broker, bank or market maker must have a live data feed of others. Assume that the EUR/USD is at 1.2000/1.2003, and I am a market maker. I received an order from a client to buy EUR/USD at the ...

Where does Price come from?

Well, I was watching at that time and happened to see the spike myself. I really don't think that the Yuan is the real thing that made everything rocket like this against the US Dollar, and then come back like this. Actually I smell some ...

Spike at 2:00am Pacific Sept 23

I am not sure diallist of the name of the book. You can download the chapters by going to http://www.trading-naked.com/joe_ross_.htm If you want, I can email them to you, they are not too big, I think 4 or 5 MB. Thanks, Nader

Thoughts of a beginner

First of all, the market moves are not completely random, maybe it is to many, but for many experienced traders, it isn't. You know when the market seems random to experienced traders, they will find them usually on the sidelines, or not there at ...

Thoughts of a beginner

Pipsta & SoyYoCon, please read post #30 on this thread on page 2. You will find out when do I think the market makers hunt for the stops of the clients. Moreover, market makers are always synchronized with each other, which means that FXCM can ...

Inside Info on Brokers.

In the case of poker, the one on the sidelines is always winning, and this makes the poker game being played a negative sum game. But in the case of the forex broker or market maker, he is into the game sometimes. He is the market maker, he buys ...

Inside Info on Brokers.

If anyone need to read an opinion that supports mine, please read the attached pdf document, it gives a great example of what market makers do in the thin illequid markets and/or times. Thanks, Nader

Inside Info on Brokers.

Ya but still your program does not see the big picture. You only want it to see some things. When a trader is watching the market, he can see the big picture, and when his system says that this trade is a high probability one, he has reasons based ...

Thoughts of a beginner

Well, I am not sure of what you actually did, but I think that you created a small situation to simulate the market, is that correct?? Well, I have a small pdf file for Joe Ross which I want you to read and then post back your opinion All what I ...

Thoughts of a beginner

That's my opinion from the beginning. If you are the only short in the market, they don't want to stop you. They know that more people are long the market. They will go after the longs in this case and you are profiting. Consider this example. A ...

Inside Info on Brokers.

I currently trade with MG Financial Group. Can't afford to have another account with another firm yet, but if I would open another one, I think I will be trying InterbankFX, as their reputation is high among many. I think you should consider MG in ...

Stop Hunting?

Although this is not 100% confirmed or proven, many believe so, and I am one of them. Yes, the broker can move the market to get you out of the trade, but I think this is a general action which is being taken by all the brokers together. They hedge ...

Inside Info on Brokers.

The mental stop is not always the answer. It requires money management. Let me give you an example. A trader with an account of $4,000, and who is using proper money and risk management, always trades only 2 lots as a maximum with high probability ...

Inside Info on Brokers.

May I ask where did you get this chart from? I can see extreme differences between yours and mine. Please tell me when do bars start on your 4 hour charts. Mines start at 11:00 AM, 3:00 PM, 7:00 PM, 11:00 PM, 3:00 AM, 7:00 AM and back to 11:00 AM ...

GBPUSD

Exactly. Putting your long term trades on autopilot is essential in a market that is trading 24 hours, 5 days a week. However, there is still another solution for this. If you are trading a long term trade, which could possible stay opened for ...

Inside Info on Brokers.

I agree with this, but this doesn't mean that you don't know your exit point. I am implementing this strategy. I know the exit point before the trade is live, but I don't enter the stop order so that I don't reveal my max drawdown to the broker. If ...

Inside Info on Brokers.

If you would accept my opinion, it's still a zero sum market. The 2 traders lost money and the broker won this same amount of money. The broker or the market maker was actually acting as a trader in this example, so the broker cashed in the losses ...

Inside Info on Brokers.