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  • #3,121
  • Aug 4, 2021 4:54pm Aug 4, 2021 4:54pm
I executed an USDCHF buy trading half an hour ago and I got a 10 pips of slippage! My trading size is only 0.01 and when I executed it I immediately lost over a one dollar. Where is the much hyped tight spread of IC Markets? I know it's not the ideal time of day for trading but 10 pips of slippage is too much..... I hate Forex brokers.
I am contacting their trade desk for explanation.........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,122
  • Aug 5, 2021 2:37pm Aug 5, 2021 2:37pm
Quoting heispark
I executed an USDCHF buy trading half an hour ago and I got a 10 pips of slippage! My trading size is only 0.01 and when I executed it I immediately lost over a one dollar. Where is the much hyped tight spread of IC Markets? I know it's not the ideal time of day for trading but 10 pips of slippage is too much..... I hate Forex brokers. I am contacting their trade desk for explanation.........
When I test a new strategy I never use a demo account I use my live account with 0.01 lot. 10 pips slippage is far from normal for a heavily traded currency pair.
  • #3,123
  • Edited 1:33am Aug 6, 2021 1:22am | Edited 1:33am
Quoting heispark
I executed an USDCHF buy trading half an hour ago and I got a 10 pips of slippage! My trading size is only 0.01 and when I executed it I immediately lost over a one dollar. Where is the much hyped tight spread of IC Markets? I know it's not the ideal time of day for trading but 10 pips of slippage is too much..... I hate Forex brokers. I am contacting their trade desk for explanation.........
I've got feedback from their trade desk. I think this is the text they copy & paste to reply whenever their clients complain about high slippage.
Anyway, I don't think other forex brokers are different. Forex liquidity is highly exaggerated and mostly fake. It's actually your brokers liquidity. Even worse, liquidity providers your brokers use can reject accepting your orders at their sole discretion. This is known as toxic flow. If you're are a consistently profitable trader with huge fund, you may frequently see 'requote' messages. In exchange traded assets, I can expect high slippage before hand by watching real DOM. Glad I ditched Forex....
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By the way, what does this mean? Am I trading CFD? I thought it's Forex......?
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As far as I know CFD and Forex are slightly different systems.... Or, less than one full lot is transferred to CFD instead of Forex?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,124
  • Aug 6, 2021 2:16am Aug 6, 2021 2:16am
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Nat Gas price is flying high. I am waiting for reentry when Sep-Dec spread narrows again but it doesn't look it would come back narrower again. Anyway, I made a decent profit last month trading this spread.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,125
  • Aug 7, 2021 12:59am Aug 7, 2021 12:59am
Friday Nat Gas market was a typical indecision choppy market in which breakout traders mostly lose money. No matter what indicators you use, they don't work in this market condition. The only way to survive is having a day off. I lost two trades with about total -20 ticks. It's paper trade anyway, so don't worry.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,126
  • Aug 7, 2021 2:51pm Aug 7, 2021 2:51pm
Russia delivered less natural gas last month to Europe than anticipated so the price spiked. Germany is afraid of running out of natural gas next winter since the purchases made from May to September are not to be used right away but put into storage to ensure there is plenty of natural gas for fall and winter.
  • #3,127
  • Aug 13, 2021 8:41am Aug 13, 2021 8:41am
Quoting Hutch
Russia delivered less natural gas last month to Europe than anticipated so the price spiked. Germany is afraid of running out of natural gas next winter since the purchases made from May to September are not to be used right away but put into storage to ensure there is plenty of natural gas for fall and winter.
Nat Gas market in the U.S. is quite isolated market even though LNG and pipeline export is getting expanding. That being said, CME /NG futures is hardly be affected by foreign nat gas markets. This is different from crude oil.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,128
  • Aug 17, 2021 7:05am Aug 17, 2021 7:05am
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Summer is almost over and I guess Chris' target of $4.40 wouldn't be achieved until Winter arrives......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,129
  • Aug 18, 2021 6:26am Aug 18, 2021 6:26am
This is fxempire Chris' comment about Nat Gas. I partly disagree. If you're a real local buyer, you don't buy nat gas only because it's cheap. Unlike crude oil, nat gas storage, LNG or underground facilities, is very expensive. This means there's no cost effective means to store nat gas for smaller players. You should buy it only when you need it immediately. That's why nat gas market is highly volatile.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,130
  • Aug 18, 2021 6:42am Aug 18, 2021 6:42am
The Natural Gas Rally Is Far From Over

https://oilprice.com/Energy/Natural-...To-An-End.html

If this winter is cold, you are gonna have a perfect storm........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,131
  • Edited 5:26am Aug 20, 2021 4:44am | Edited 5:26am
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https://www.fxempire.com/forecasts/a...-28-bcf-767437

I am flat at the moment. I don't see anything interesting spread trading opportunities.....

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,132
  • Aug 20, 2021 6:13am Aug 20, 2021 6:13am
Quoting heispark
{image} https://www.fxempire.com/forecasts/a...-28-bcf-767437 I am flat at the moment. I don't see anything interesting spread trading opportunities..... https://youtu.be/E6jVicW8ZS4
Looks like natural gas is aiming at the highest price of the week $3.99 last Monday.
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  • #3,133
  • Aug 20, 2021 7:42am Aug 20, 2021 7:42am
Quoting heispark
{image} https://www.fxempire.com/forecasts/a...-28-bcf-767437 I am flat at the moment. I don't see anything interesting spread trading opportunities..... https://youtu.be/E6jVicW8ZS4
Actually, I am looking Oct-Nov spread. It should get narrower before I can sell (betting to spread widening).
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,134
  • Aug 20, 2021 7:53am Aug 20, 2021 7:53am
This is weekly WCU chart. I sold CHF as you can see from my live TE. I can keep this trade open for months or even more than a year earning swaps. Eventually, CHF will collapse.
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Chart template: https://www.tradingview.com/chart/U60YKnho/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,135
  • Aug 21, 2021 2:00am Aug 21, 2021 2:00am
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,136
  • Aug 25, 2021 9:03am Aug 25, 2021 9:03am
Market is finally moving getting out from stucking between 50 & 200 EMA of 1H & 4H charts......
Nothing's worse than boring & choppy market to day traders (especially to breakout traders).................
I am telling people day trading is a loser's game and breakout traders cannot prosper in the long run but I am myself doing that.
Actually, breakout day trading is not bad as a hobby especially if you can consistently make some money from it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,137
  • Aug 25, 2021 3:35pm Aug 25, 2021 3:35pm
Quoting heispark
Market is finally moving getting out from stucking between 50 & 200 EMA of 1H & 4H charts...... Nothing's worse than boring & choppy market to day traders (especially to breakout traders)................. I am telling people day trading is a loser's game and breakout traders cannot prosper in the long run but I am myself doing that. Actually, breakout day trading is not bad as a hobby especially if you can consistently make some money from it.
You are right and you are wrong This is because there are good and bad trading days. Yesterday was a bad trading day with too many crappy little trades while today was a good trading day because of a good uptrend followed by a good downtrend. We can only take what the market gives us.
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  • #3,138
  • Aug 26, 2021 4:46am Aug 26, 2021 4:46am
This is a live TE from someone in pivot factory club. Although, it's only 13 weeks old, it looks impressive. Only a few people in pivot factory post TE, so it's interesting and valuable data to monitor. Let me see how it goes after next year. Watching and analyzing other people's TE is quite interesting and valuable to learn trading. It's shame not many people post live TE.......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,139
  • Aug 26, 2021 9:36am Aug 26, 2021 9:36am
Quoting heispark
{quote} Actually, I am looking Oct-Nov spread. It should get narrower before I can sell (betting to spread widening). {image}{image}
Nat Gas bullish inventory report just has exploded futures price. However, Oct-Nov spread didn't get narrower. I sold it right before at -0.063.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,140
  • Aug 26, 2021 6:38pm Aug 26, 2021 6:38pm
Quoting heispark
{quote} Nat Gas bullish inventory report just has exploded futures price. However, Oct-Nov spread didn't get narrower. I sold it right before at -0.063.
Added sell @ -0.057 and -0.049. Average purchase price is -0.056.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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