One more item to discuss — Can anyone help explain what Oanda means when they say here that "there is no conflict of interest?" Also, the part about having nothing to gain when clients lose doesn't hold up in my opinion either, unless they ...

If you make money, does Oanda make money?

Another item of interest — Oanda's Agreement includes this paragraph. ---- When you enter into a foreign currency contract with OANDA, you will be entering into a privately negotiated contract with OANDA, as principal. OANDA may, in turn, ...

If you make money, does Oanda make money?

I spoke with Oanda's customer service this afternoon. I asked this question directly, "if the client constantly makes profit from trading, does Oanda still profit?" Her response was yes. She indicated that Oanda makes money from the spread and by ...

If you make money, does Oanda make money?

Arctic4x, thanks for your report. I was scared that I'd never be able to scalp eur/jpy with Oanda anymore. I have to add that the slippage I had described did happen in the past at sporadic times, just not as prolific or as widespread as we have ...

Linuxtroll Simple Scalping

That means someone else took home gold. hehe

Linuxtroll Simple Scalping

My interpretation is that you had better not lose more than 18 pips on each trade. LT says that your goal is to NOT let the 18pip stop loss happen. You must catch it before it gets even close to 18. 4-7 is about right. With good rainbow fundamentals ...

Linuxtroll Simple Scalping

FXSurfer brent, Thanks for the encouragement. When you do get involved in the futures market, please help bring the rest of us up to speed. I will continue to look for ways to level the playing field with OANDA. I'm stubborn, I know. But as long as ...

Linuxtroll Simple Scalping

FXSurfer, do you mean trade through ECN brokers instead?

Linuxtroll Simple Scalping

Slippage when scalping with Oanda — For those of you who are Rainbow scalping the EUR/JPY pair via Oanda, be very careful about both WHEN you scalp, and the SIZE of each trade. This morning, 1-2am PST, at least 80% of my EUR/JPY scalp entries ...

Linuxtroll Simple Scalping

Fast fingers — I fully agree with ECO on the point about having lightning reflexes. Fast fingers have saved me countless times when rainbow scalping, not to mention getting me into good trades. But what good are fast reflexes without an ...

Linuxtroll Simple Scalping

Great observation — BlueBuddha, I like the idea of having a direction bias when scalping. Can you tell us how much success you've had with your "logical" setup? (Having smaller EUR/USD and USD/JPY charts as guides) Also, does anyone think that ...

Linuxtroll Simple Scalping

Which is your broker Craig?

Why scalping doesn't work........

food for thought — I can't speak on the AUD/USD's behalf, but I'm glad that someone has decided to learn the behavior of the pair. Here is what I can contribute about EUR/USD vs EUR/JPY. A fast moving pair is not all bad. Clearly, the EUR/JPY ...

Linuxtroll Simple Scalping

Oanda slower fills — Fxsigma is onto something. I have experienced the slower fills from Oanda first hand. I spent one week trading eur/jpy using less than 8,000 units per trade. At least 80% of my orders were filled at the price I wanted, or ...

Linuxtroll Simple Scalping

I agree, this morning's market was extremely choppy for eur/jpy. Very few good moves today. On days like this, the trend can't be your friend. Does anyone have advice on how to avoid the range traps that we've seen in today's London and US sessions?

Linuxtroll Simple Scalping

Far from veteran, but here are my observations — Phrang, At a quick glance, I observe that your price scale isn't at 5 pip increments. Try to keep it at 5, despite it auto-zooming in and out. That's not as important as seeing that you are ...

Linuxtroll Simple Scalping

Printscreen with Gadwin — I am a big fan of Gadwin PrintScreen 4.3. Someone else had recommended it on this thread and I thank them. One button screenshots of both the full screen OR just the window that's in focus. I love the TIME/DATESTAMP ...

Linuxtroll Simple Scalping

How to trade the big drop on 10/11/2007 — Can anyone post a diagram on how they traded today's major drop in EUR/JPY via the cyrox rainbow? I got suckered into trying to catch the reversal up and would like to see how it's supposed to be done. ...

Linuxtroll Simple Scalping

choice of WMAs — Hi nhallmark, Keep up the chart posts. I learn so much from them. Out of curiosity, why have you chosen the 10,20,30 WMAs vs the more aggressive 6,12,18,24 WMAs?

Rainbow Patterns/Observations