Well, $500/pip on any XXX/USD pair is 5 million units. If you look at an open book or volume information on an ECN feed, on some pairs, the 5 million units simply aren't there for you to clear your trade. Every buyer needs to be matched up with a ...

Linuxtroll Simple Scalping

...and look at the number of people long the USDCHF... a higher ratio than of people short the E/U

Oanda 10 pip spread on nov 2, 2:30-3pm EST for EUR/USD?

They typically do that for all pairs a few hours before weekend close and a few hours after weekend open. Not many people trade during that time, so they widen the spread to account for low liquidity.

Oanda 10 pip spread on nov 2, 2:30-3pm EST for EUR/USD?

I like to use the 1 min, though most here seem to prefer the 30 sec. I guess it depends on how often you're going to look at it, as it naturally won't change much in whatever the time period the chart is in.

Linuxtroll Simple Scalping

At least they said it politely.

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

I don't think free real time quotes are available unless you set-up a trading account with a broker that trades stocks. The reason why is the exchanges themselves (NYSE, CBOT, CME, etc.) charge a monthly fee for a live feed, whereas the FOREX market ...

Does anyone know where I can get a real-time Dow Jones avg chart?

Exactly. My sig. line says it all: "There are thousands of ways to make money in Forex, but there are millions of ways to lose money in Forex." It doesn't matter if you use any time period chart between 1 tick and 1 week... just trade whatever you ...

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

Yep. In fact, I have smaller charts of the E/U and U/J on the side, so I can glance at them every once in a while. By the very logic of currency pairs, when these move in the same direction, the E/J is sure to make a large move in that direction... ...

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The difference between 144 & 156 is negligible... and actually, I have my spine set at 150 because it's a nice, round number. However, the 240 I think is for the more conservative trader, who wants to use it as sort of a trailing stop or ...

Linuxtroll Simple Scalping

Well, three or four of the 4h bars topped out in that area. Plus, judging from the up/down pattern of the candles, you'd probably see a double top on a 1h chart

Cowboyfx live calls for free, get rich or go broke trying

Here's the reason why if you use stop orders (for in case of platform crash, dog crapping on carpet, house next door catching on fire, etc.), to set them W-I-D-E! There was a sudden plunge of 10 pips on the EURJPY, that bounced back up. (Believe me, ...

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The way I like to use the rainbow is that, plus looking at the "ribbon" formed from the MAs between the flame and spine. If it is compressed or twisted, then the market is moving too slow or sideways... if the MAs are nicely spread out, then that's ...

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It depends on how they do it. The DKK has been pegged to the EUR at around 7.45 DKK for the past couple of years. The reason why is because the Danish government wanted to convert to the EUR, but the people voted down the referendum to switch ...

Both the Maltese Lira and the Cypriot Pound will soon converge into the Euro

E/J was in a painfully obvious uptrend this morning (~7:10 EDT). Got in around 165.20... should have waited for a better confirmation as it went sideways for 5 minutes, then took off. Got out just before the 165.50 round number* for 25.5 pips. I had ...

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Yep. Closed one at 2.3 pips because it was going sideways for too long. But that's okay, because when it moved again in the same direction, I got back in and grabbed another 11.2 pips. Total of 13.5 pips... could've tried for more, but I was happy ...

Linuxtroll Simple Scalping

Exactly. Set your stops wide for disaster situations, with the intent that you get out long before then. I set mine at 20-25 pips, and adjust my leverage accordingly so that this stop point wipes out about 4% of my account (for most people this is ...

Linuxtroll Simple Scalping

I dunno... some hippie yammering about rainbows or something. :

Linuxtroll Simple Scalping

Actually, the US stock market has been artificially inflated for the past couple of years by a weak dollar. Since US stocks are denominated in the USD, they're generally cheaper on the international market, and mutual funds, investment companies, ...

How does Dow down make dollar go up?

Yeah, Livermore lived before Level II quotes existed (Level II is an invention of the NASDAQ, which opened in 1971). In those days, you literally read orders coming off a ticker-tape, hence the name "reading the tape". Basically the name stuck to ...

Linuxtroll Simple Scalping

Actually, the left side is the pending buy orders on the market and the right side is the pending sell orders on the market. In order for you to execute your trade, you must match your buy trade with a seller (on the right) or your sell trade with a ...

Linuxtroll Simple Scalping