I would say that's unfair and it's too early to suggest otherwise, as I said spreads vary between 1-3 pips depending on market hours. Only time will tell.

LMAX = revolution?!?

It really does depend on the time of day and liquidity, I'd expect to see spreads widen running up to Christmas. The best I've seen today is 0.9 and the worst around 2.4, typically about 1.2-1.4 pips during busy periods. It does shift quite quick, ...

LMAX = revolution?!?

Quick update - I've made a number of trades now and so far so good, order execution has been instant without slip, no re-quotes thus far. I spoke to the account manager and a few extra features are coming for the new year such as more order options, ...

LMAX = revolution?!?

Closed for +91 pips, that's Christmas paid for. Happy trading folks.

Cable Update (GBPUSD)

I'm short from 715. For the past hour price has been indecisive but my bias would be slightly to the short side, 675 being the wall for a break long - even so there's congestion right up to my entry short at ~715. I'm keeping my short open for now, ...

Cable Update (GBPUSD)

The same long trade has worked three days on the trot - I've a long standing love affair with Cable.

Cable Update (GBPUSD)

GFT has the same but I prefer to use market orders where I can, the expense isn't that great considering what trading 'pays' me so I'm comfortable with the current setup. As for today, I placed the exact same long trade with a reversal I placed ...

Dice Man

I wouldn't, but then it depends on your TP?

Cable Update (GBPUSD)

Thanks for the link, hopefully it's not all spin and there's a whole chunk of reality behind what he says. It's a great idea on paper. A few things I've noticed about spread thus far, come ~17:00 GMT spread appears to creep up past 1.1 to 1.5 pips, ...

LMAX = revolution?!?

I signed up this weekend, I'll give them a try and see how I get on. I'll report back here.

LMAX = revolution?!?

I already have my brokers on speed dial and the iPhone app for GFT and Oanda, but the time it took to make a call the market had moved 30 odd points, it would have been quicker to hedge on a second platform and thus that's how I now cover ...

Dice Man

Well I'm back briefly to discuss my current position and my risk aversion. Right now I trade with three brokers, GFT UK, Alpari Pro UK and Oanda. You might be looking at the screen puzzled as to why I've spread across three different broker and ...

Dice Man

Guys I've not vanished but I've fallen fowl to pressure. The whole closing up shop and handing the reigns over of my business has been tiring to say the least, on top of that I've been fighting a losing battle with my partner and it all seems on the ...

Dice Man

I'm doing the same thing these days; looking on a 5m at the prior few hours to give me an idea of the direction or likely targets not if but when price breaks up or down. Sorry for the slow replies, I don't have a huge amount of free time in the ...

Dice Man

My interpretation of price exhaustion is the exact opposite, I'm more concerned about the way price acts BEFORE the big move, if you can get the PRIOR call correct then you need not worry about the move up or down out of the exhaustion (the orders ...

Dice Man

Time of day, price action and experience. I don't have any live feed for volume and thus I only term volume as either high or low, like an on/off switch.

Dice Man

I anticipate people will ask "but what if your entry failed and the market went short again", for example if I entered a few hours earlier at 1.58, well I'd re-enter again later with the EXACT same entry and stop. This is a trait of mine, I get the ...

Dice Man

First things first, this is all very basic stuff, you should all know why I'm looking at what I'm looking at. I guess the difference is piecing it all together and making a decision in a matter of seconds. I took the trade (limit order) from that ...

Dice Man

Had a quick scan over it, looks interesting, when I get more time I'll give it a proper read through! I'm just annotating my chart from yesterday to hopefully shed some light.

Dice Man

My current working order, what can you see at around 10:40 my entry? TP isn't hard and fast, I might move that lower or higher as I'm well in to profit.

Dice Man