I guess you point to me as I'm a software engineer from Germany. Well I even don't know if Oanda has employees here in Germany but I doubt it. I see that a lot of people complain about down times during high volatility phases like news events. I'm ...

OANDA Discussion

Guys, almost $1 to $1.5 trillion(!) dollar of QE2 are already priced in. So I guess we will see a nice USD up move in the likely case they will only show some QE lite. It might become a "buy the rumor, sell the fact" move.

USD/JPY Discussion

I'm short now at parity but won't hold it for too long.

I'm going long USD/JPY at 80.50, target 100

Could you go more in detail? What is on the "chart"? It's the history. How can you make money out of that?

I'm going long USD/JPY at 80.50, target 100

Yes. Because if the big banks fail your "insurance" isn't worth anything. There is JP Morgan behind Oanda. If JP Morgan fails, well... I guess this would be really bad even if you have an insurance with another broker.

OANDA Discussion

I'm one of them... Hehe, just kidding. Personally I only know some who have 6 figures accounts with Oanda but yes, probably there are some with more and actually I would do the same (so use Oanda) even with a 6-8 figures account - call me mad.

OANDA Discussion

As long as you login into your Alpari Demo account I think it won't expire. As far as I know it expires after 90 days of not using it. But this might have change.

OANDA Discussion

I just use a demo account (e.g. Alpari UK) for charting. It seems to be IN to bash Oanda lately. Actually I have never found a better market maker. It's even comparable with good ECN brokers IMHO. There isn't anything better for small accounts ...

OANDA Discussion

I prefer their instant execution before their charting. I use MT4 for charting and Oanda for trading.

OANDA Discussion

It it was an invalid spike you will get your money back. But in this case it's a valid one.

OANDA Discussion

First orders: AUD/JPY: stop buy at 82.00 stop sell at 78.00 AUD/USD: stop buy at 1.0050 stop sell at 0.9650 EUR/GBP: stop buy at 0.8950 stop sell at 0.8650 EUR/USD: stop buy at 1.4200 stop sell at 1.3650 GBP/USD: stop buy at 1.6150 stop sell at ...

Going with the trend - my journey

Time for an update. October is almost finished and I've made good gains. image I reduced my USD/JPY long positions but will add more if it goes lower again.

Directional Grid Trading Journal

Don't mix up the BOJ interests with traders stuff. Usually traders haven't that multi years few a central bank has. The BOJ will step in again if it goes lower and they will win over the years. They don't care about 500 pips here and there. Markets ...

USD/JPY Discussion

I think this will take several months, maybe till end of next year.

I'm going long USD/JPY at 80.50, target 100

I don't bet on BOJ intervention actually. I just bet on the fact that both Japan and US want to devalue their currency and the markets already took the USD far too much away. MC will be around 77.40. If it goes that deep, ok, I take that hit.

I'm going long USD/JPY at 80.50, target 100

image

I'm going long USD/JPY at 80.50, target 100

So you go for 30 pips with a SL of 80 pips and a leverage of 30:1? That means you lose ~24% with one trade. That means 3 losers in a row and you're done.

My 30 pips Daily and my 45% Weekly Journal

Current situation: image I'm still heavy long USD/JPY and will stick to that. If we break deep below 80 I will cut some positions but not before.

Directional Grid Trading Journal