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Monroe replied May 10, 2010I use oanda to scalp and they are perfectly fine. no complaints whatsoever. I use market orders in and out, with awesome execution. All those brokers claiming to be ECN's with there retail currenex bullcrap are market maker models anyway, you are ...
I think Oanda FXTrade is unreliable
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Monroe replied May 6, 2010As I said, none are good, they are all lagging, by the time it shows the signal you're too late. (especially short term or scalping). My advice is get them off your charts for all they will do is confuse you and it's too much to look at. Keep it ...
Scapling - Long Term Vs Short Term Trade
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Monroe replied May 4, 2010Indeed, whatever fits your personality.
Scapling - Long Term Vs Short Term Trade
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Monroe replied May 4, 2010Depends on what you call scalping, but scalping definitely works. It's the only way I'll ever trade. Not many on FF are scalping, and the ones I see are going about it all wrong. Indicators on these timeframes are worthless in spot fx. Why I think ...
Scapling - Long Term Vs Short Term Trade
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Monroe replied Apr 25, 2010Yes, but it is still way to high... $2.95 per 100k is too much. I need under $2 per 100k, since I scalp.
Oanda spread versus MB Trading spread
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Monroe replied Apr 25, 2010FXDD Currenex — For your information, FXDD retail Currenex is not a true ECN currenex platform, it is a retail market maker model. I don't see a reason to trade with it over Oanda to be honest even if you scalp, unless you want a bit of a ...
Oanda spread versus MB Trading spread
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Monroe replied Mar 25, 2010Thats great to hear because I don't want to pay commission if I dont have to. .9 spread on EU wth no commission ... thats not bad at all. Are you opening positions with 1m with a 3tick SL's and scalping? or are you position/swing trading with these ...
Central Banks & Big Players
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Monroe replied Mar 25, 2010No problem. Although once you start making a lot of money, you shouldn't be with Oanda or any market maker because I've heard they will start messing with you, and the slippage is way worse than with an ECN broker. Although this method isn't ...
Central Banks & Big Players
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Monroe replied Mar 25, 2010I use oanda as a web app and my slippage is not bad, If your taking breaks waiting for big bars like tony, you will get slipped a little bit if you enter on that breaking bar most likely. wait for the price action a little bit after the 8+ pip bar ...
Central Banks & Big Players
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Monroe replied Mar 25, 2010I like to say look for the short, but I don't like how we fully retraced the move here...
Central Banks & Big Players
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Monroe replied Mar 25, 2010That is what is great about the lower time frames.. price ACTION, literally...
Central Banks & Big Players
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Monroe replied Mar 25, 2010Here is a breakout scalp for example, as you see I get in before the break... I take profit on the first sign of a turnaround. this stalled for too long at a s/r area, I took profit. I wait for the next short or counter trade this from here ...
Central Banks & Big Players
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Monroe replied Mar 24, 2010I only enter under 1 pip spread on eurusd, 1.5-3 on GU, same with EJ. I don't currently trade 1million, but it depends on volume in the market. What I meant was, I will be trading 1-2million in the future if all goes well and I know there are people ...
Central Banks & Big Players
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Monroe replied Mar 24, 2010well for scalping spot fx, which is what I do, your goal is to be with an ECN with the lowest spreads possible, especially if your trading high lots. Real white label ECN's with a CNX platform, or better yet a Prime Broker or Bank. You need starting ...
Central Banks & Big Players
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Monroe replied Mar 23, 2010not the greatest price action after that one, looks like a pullback to touch resistance...
Central Banks & Big Players
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Monroe replied Mar 22, 2010Thanks guys, hope I gave you something to think about because I really believe that with hard work and dedication, you can learn to trade and make a living doing so. I am not selling a system, I make my money scalping. I'm just sharing info from one ...
Central Banks & Big Players
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Monroe replied Mar 22, 2010I'll take a Spaten... a fine beer! looks like we have something in common there Bluehills... you have good taste in beer.
Central Banks & Big Players
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Monroe replied Mar 22, 2010It's all good dood, you didn't run me off but I don't want to get in the way of this system because I don't trade it, I just chose this thread because I like Tony's idea with this and it gave me a few ideas to incorperate into my trading so I ...
Central Banks & Big Players
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Monroe replied Mar 22, 2010Don't take it personally Bluehill, it's just something I see over and over here people are saying "this looks great, I'll try this". That's a bullshit thought process. Your going to experiment? lol. I am not here to fight with anyone and I don't ...
Central Banks & Big Players