Australian (ASX) Stock Market Forum

Scalpers and short termers...

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macca said:
Hi,

<<what pair are you trading? I am focusing on the cable but also looking at GBP/JPY. I want to end up on the GBP/JPY when I have a good handle on this. >>

I am trading GBPUSD (cable ) I have looked at the GJ but the spreads are bigger as are the moves, so I will stick with GU for now.

I find it a nice middle ground, more moves than EU but not as many as GJ.
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GJ can have wide spreads during the day tends to tighten up after 4:30. I agree cable is more forgiving. The cable tends to range up a little more. this is were slaope of the ma is so important to learn IMO I was cleaned up a couple times on G/J. :eek:

Good to hear u have found a pair. Like I said under the right conditions it works on any pair or future. (but under the right conditions what system doesn't:banghead:) silly thing to say i know.

when u can post some charts with some trades.
 
Hi Apoc,

<<when u can post some charts with some trades. >>

I shall when I get back from holidays, I will head them up "DON"T DO THIS" LOL

My problems are mainly in my head, I am a control freak and am not used to being wrong, so I get stubborn and that is deadly :(
 
macca said:
I am a control freak and am not used to being wrong, so I get stubborn and that is deadly :(
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lol --- at least u recognise it Mac --- half the battle.

ps that being the case, dont scalp -- try swinging/scaling in on the bigger moves with lower position size entries + add ons ---- might help ;)

(demo it first of course !! :eek::D)
 
************** Pty Ltd
Any one heard of this group been open on the Gold Coast since late last year and offering a automatic trading platform which places trade as it see fit??
Or you can follow their traders online in the FX market/
 
Glen48 said:
************** Pty Ltd
Any one heard of this group been open on the Gold Coast since late last year and offering a automatic trading platform which places trade as it see fit??
Or you can follow their traders online in the FX market/
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Glen48 said:
That's strange?? **************s PTY LTD?
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Glen, that firm has been flagged as spammers here at ASF. The asterisks automatically replace the firm's name once they get spotted as spammers.

Was actually very funny.

This afternoon someone posted that he had been a client for 5 months and that the product was really good etc. Problem was, when we checked the poster's registration details (first time poster today) turns out his email address was such and such at the name of the firm he was recommending .com.au

So, sprung as as a spammer (not to mention conduct that was likely to deceive or mislead), and a really silly one at that...
 
Cartman said:
ps that being the case, dont scalp -- try swinging/scaling in on the bigger moves with lower position size entries + add ons ---- might help ;)
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This is essentially what I do. I use the trends on a fast timescale to make multiple entries on a wave of a slower timescale. Trading multiple contracts also allows for more possibilities, such as a mix of taking profits and letting some ride, as well as allowing cheap speculative entries.
 
Thanks save me a few bucks.. I did search them on here but nothing popped up.
Hi Glen,



Please find attached the information as requested.



If a 10% deposit ($980.00) is paid by 4:00 pm on Friday 24th of July 2009. You will receive the Gold membership plus our incentive this week, only to receive our Automatic trading platform for no extra cost.

Your deposit is 100% refundable.



Regards



Adam Matthews
Senior Consultant



************** Pty Ltd

Suite ****** ********Road

******* QLD ****



Phone: 1300 ********

Fax: 1300 ********



Email: admin@**************.com.au

Web: www.**************.com.au
 
Simple trading - higher highs and higher lows, breakout is a bonus. Simple trend riding, managing to catch some nice movement. The bottom chart is used to estimate the profit potential of a trend, i.e. identify areas of support, resistance and reversion. No need for indicators, at least not with the strategy. It's obviously discretionary, as the earlier mess on the fast chart could have been viewed as a lot of highs and lows, but I chose to ignore them and count it as a couple of larger waves.
 

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Thought I would give you guys a look at IBs FX Trader with Book trader.

that's right that's Interbank volume on the book. IB also gives deal volume on each price change.

I use the downloaded stand alone TWS with FX trader. I have not used book trader to trade yet but I am looking into it.

cheers,
 

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that's be the broker's book bids and asks; not the aggregate of all the markets (which noone can see due to the decentralised nature of FX).
 
the numbers are too small to be anything but IB's individual market book. the total should be about 5 trillion a day.

there are thousands of fx markets, IB is just one.
 
Stormin_Norman said:
the numbers are too small to be anything but IB's individual market book. the total should be about 5 trillion a day.

there are thousands of fx markets, IB is just one.
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I think it's more then that. I have seen about 16 x 15 mil lots gone though in 2-3 min plus all the other size orders with bigger then 15 as well that's on the cable!

a 29 mil just went though AUD
 
Stormin_Norman said:
there are thousands of fx markets, IB is just one.
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There's only one interbank I believe, with thousands of participants.....

Anyone can make an FX market, but there is only one bank to bank integrated market.

IB, Ideal Pro is a real ECN....

The FX market has shurnk due to the credit crisis I would be surprised if its still 5 trillion.
 
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