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  • #2,441
  • Aug 9, 2011 8:48am Aug 9, 2011 8:48am
Keep locking in that spread, mike. Good luck
  • #2,442
  • Aug 9, 2011 8:56am Aug 9, 2011 8:56am
Quoting shrike
This is getting funny.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,443
  • Aug 9, 2011 8:59am Aug 9, 2011 8:59am
Quoting shrike
Keep locking in that spread, mike. Good luck
Yep Let me know How The Market Looks on Saturdays .
Best Regards Moneymike
  • #2,444
  • Aug 9, 2011 9:57am Aug 9, 2011 9:57am
Quoting moneymike
you guys still don't understand Me if i entered at 1.005 stops at 1.055 spread was 2 pips. and hour later spreads increase to 25 pips how am paying that 25 pips after i've already paid my 2 pips spread
http://24.media.tumblr.com/tumblr_lj...jmtwo1_400.jpg
  • #2,445
  • Aug 9, 2011 10:02am Aug 9, 2011 10:02am
I'm a Scalper , if I open a Trade I have a SL of 8 pips .

so I can't trade at this Broker any more

I trade already long-time now at dukas, they have commission, but rebate pay me back 45%, so it is the best for me there.

they spread wide at news also , but I dont trade news and it is max I see at NFP 5pips for a second.

bye bye Oanda, mr. Stumm have a nice time

  • #2,446
  • Aug 9, 2011 10:05am Aug 9, 2011 10:05am
Quoting moneymike
well i'd never trade with 15 pips Stops for one.
Are you really this dense?

Here is a victim of spreads increasing from just last month.

Do you have this much trouble when you are walking and chewing gum at the same. Oh, let me guess, youd never walk and chew gum at the same time would you? Please sit down before you answer so you dont passout from lack of oxygen to your brain.

Oh and dont forget your award on the way out...
  • #2,447
  • Aug 9, 2011 11:14am Aug 9, 2011 11:14am
Quoting traderjai_inhi
Are you really this dense?

Here is a victim of spreads increasing from just last month.

Do you have this much trouble when you are walking and chewing gum at the same. Oh, let me guess, youd never walk and chew gum at the same time would you? Please sit down before you answer so you dont passout from lack of oxygen to your brain.

Oh and dont forget your award...
it's Not that i find a flaw in trading with a 15 pips stop but for me i can't sit in front of a screen and babysit a trade. I have a 9-5. and with Bank interventions, QE3, debt ceiling the Market is too Volitile for me to have a 15 pip stop.
My stops are around the 50 pips range, and it's not a static number it's based on support levels and such.
If you find success with your 15 pips great for you, do whatever works. But for me and many others the market is just to volitile for Skin tight stop.
Best Regards Moneymike
  • #2,448
  • Aug 9, 2011 12:03pm Aug 9, 2011 12:03pm
And you still dont get it. The 15 pip stop was an example! So you use a 50 pip stop, what happens if spreads widen to 100 pips? And please dont say that because of S&R your stop would have been 200 pips away, it is all hypothetical to show you that you have no idea what you are talking about in regards to spreads widening.

Did you even look at the guy that was in a trade (and paid his spread) and was stopped out because the spread was widened???

This really should not be that hard of a concept to comprehend.
  • #2,449
  • Aug 9, 2011 12:29pm Aug 9, 2011 12:29pm
Quoting moneymike
well i claim that a trader only pays the spread Once, which was quoted when he opens that trade, and any spread after if irrelevant to his opened trade. So enlighten me on how many times a spread is paid.
the way you explain it, it sounds as if am paying it every time it widens.
A spread is not "paid" in the strict sense of the word.
It is the pip difference between BID price and ASK price at any point in time for the duration of the trade.

When you open BUY a currency pair, your opening price is the ASK price.
You get automatically a number of pips in negative to recover before reaching the same open price with the BID price (Break-even). Those negative pips are the spread at that specific moment in time.


At any time you decide to close the trade, your closing price will be the BID price at that precise moment.

Should the spread increase or decrease, while the trade is still open, the fluctuations will affect your negative or positive P/L count.

Example:

Open BUY AUDUSD @ 1.0100 ASK - 2 pip spread - BID is 1.0098

BID price goes up to 1.0160 and you are 60 pips positive (1.0160-1.0100). ASK price is still 2 pips away at 1.0162. Average price is 1.0161.

Suddenly the spread widens to 20 pips (18 pips increase in spread, 9+ above the ASK, 9- below the BID).

BID price is now 9 pips lower at 1.0151 and you are 51 pips positive. ASK has risen to 1.0171. Average price is still the same at 1.0161.

Spread widening IS a price movement, although the average price between Bid and Ask might remain the same.

Edit: Oh and the spread is finally "paid" only at the moment you CLOSE the trade.
  • #2,450
  • Aug 9, 2011 12:47pm Aug 9, 2011 12:47pm
thank God i recently open account with then but looking spread during very high http://fxtrade.oanda.com/why/spreads/recent i didnt put money yet i am happy they make fool can you belive 50 pip spread on eurusd
Trading by EA
  • #2,451
  • Aug 9, 2011 1:02pm Aug 9, 2011 1:02pm
Quoting mmudasir
thank God i recently open account with then but looking spread during very high http://fxtrade.oanda.com/why/spreads/recent i didnt put money yet i am happy they make fool can you belive 50 pip spread on eurusd
Those are just weekend spreads. There's no trading on the weekend. Most brokers just close up shop. At least Oanda stays open.

Context, man. And yes, I can believe high spreads on a weekend when every liquidity provider is closed.
  • #2,452
  • Edited 2:34pm Aug 9, 2011 1:04pm | Edited 2:34pm
Quoting traderjai_inhi
And you still dont get it. The 15 pip stop was an example! So you use a 50 pip stop, what happens if spreads widen to 100 pips? And please dont say that because of S&R your stop would have been 200 pips away, it is all hypothetical to show you that you have no idea what you are talking about in regards to spreads widening.

Did you even look at the guy that was in a trade (and paid his spread) and was stopped out because the spread was widened???

This really should not be that hard of a concept to comprehend.
Look If you have a problem with the broker Leave them If you have a problem with the way you trade change it, if you have a problem with the way i trade get over it, but don't get mad because i use a larger stop loss than you, If your as good as you claim you are why don't you NOT use stop loss, Why don't you check the spreads before you enter a trade?
Yes i did check his trade he lost a trade it happens, No sense in crying about it is there.
Now like i said Lets Squash this and get on with our lives
Best Regards Moneymike
  • #2,453
  • Aug 9, 2011 1:25pm Aug 9, 2011 1:25pm
  • #2,454
  • Aug 9, 2011 3:45pm Aug 9, 2011 3:45pm
dear traders , hello.

i didnt traded today actually but some friends (from another forum) complain about Oand connection failures and some order problems etc today. anybody has same problems today ? regards ?
the best indicator is trader's knowledge , experience and dicipline.
  • #2,455
  • Aug 9, 2011 3:52pm Aug 9, 2011 3:52pm
Quoting fx-season
dear traders , hello.

i didnt traded today actually but some friends (from another forum) complain about Oand connection failures and some order problems etc today. anybody has same problems today ? regards ?
Yes, I use the Fxtrade Desktop platform and it did hang, lost the connection, and couldn't log back in for a few minutes. This used to happen all the time during news release, but got better for a while. Now it seems like it's back to the old days of dropped connections.

It's been hours since FOMC, and spreads are still pretty high, 2.5 on EU.

You can view realtime broker spreads on this site. Oanda still one of the highest right now...

http://www.fxintel.com/live/
  • #2,456
  • Aug 9, 2011 4:19pm Aug 9, 2011 4:19pm
dear TheGrind , thanks a lot for your support. best wishes.
the best indicator is trader's knowledge , experience and dicipline.
  • #2,457
  • Aug 9, 2011 5:27pm Aug 9, 2011 5:27pm
Quoting fx-season
dear traders , hello.

i didnt traded today actually but some friends (from another forum) complain about Oand connection failures and some order problems etc today. anybody has same problems today ? regards ?
I can't speak for Fxtrade desktop But the Iphone and the Android Version were down during the Feds Release.
Best Regards Moneymike
  • #2,458
  • Aug 9, 2011 5:34pm Aug 9, 2011 5:34pm
dear moneymike , thank you for your support. best regards.
the best indicator is trader's knowledge , experience and dicipline.
  • #2,459
  • Aug 9, 2011 5:41pm Aug 9, 2011 5:41pm
Quoting fx-season
dear traders , hello.

i didnt traded today actually but some friends (from another forum) complain about Oand connection failures and some order problems etc today. anybody has same problems today ? regards ?
I took 2 trades today, one was a scalp about 15 minutes after the FOMC statement and had no problems with MT4.....
  • #2,460
  • Aug 10, 2011 4:13am Aug 10, 2011 4:13am
http://www.forexfactory.com/showthre...84#post4807684
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