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12/7.....Only 16 Forex days left b4 Xmas

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Veteran
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Posted: #26
faked out by the cross... always seems to get me
 
Captain
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Posted: #27
Pop what cross did you miss?
USD/CHF has had the DMI lines cross 4 times in the last few trading days and every one has been good for 100+ pips
 
 
12/4 7am +DMI down cross went from 1.2150 to 1.1950 and thats not top or bottom
 
12/4 23:00..+DMI up cross went from 1.20 to 1.22 again not top or bottom so plenty of room for entry/exit
 
12/8 3:00 +DMI down cross went from 1.2150 to 1.20
 
12/8 15:00 +DMI up cross from 1.2020 to 1.2120
 
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Posted: #28
What I have noticed regarding the CHF is you can trade it within extremes and it has been a GREAT trading-range pair for some time.

Check out a month chart on it, until it either breaks 1.23 or 1.18 it is still inside that range.

At this ACM place the spread is 3 pips on that sucker..which is pretty good.

Most pairs there are between 2-4 pips spread. If you guys have questions about them I can answer.

One thing I did find very interesting is that there are ZERO capital gains taxes when trading with them and you can wire out, CC deposit and wire out. Their news feature isnt that great..the Forex news function had some pretty insightful stuff and that FXCM news wasnt bad.

One good trade in the books, gonna figure out this platform and maybe try another..Ive forgotten my fav pairs, switching things around has gotten me out of sync a bit.
 
Captain
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Posted: #29
So that place offers more pairs than the other sites?
 
Do you mean larger deal panel or what cause there are several par that can be added to the other platforms but the deal panel only holds so many so you have to take one off to add one
 
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Posted: #30
buck, i meant the aud/jpy... i thought there was a cross coming at 11pm, so i sold at around 1030.  when the neww 4 hour came out the cross didn't happen, so i sold at break even. 
 
i seem to get faked out a little bit by crosses that i think are coming, but don't actually come.  is there a way that you confirm your corsses before they visually cross on the charts?
 
for pairs you can switch in and out any pair in FXCM.... it is kind of a pain that you can only look at 12 or 16(i forget) paris at a time, but that seems to be pretty standard
 
wall, for a CC deposit, is that an advance on your CC or does it go through like any regular transaction with your card? also, that is very interesting about the taxes. how could that be possible?
 
 
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Posted: #31
bucknuts,

I have to say I saw more pairs than I had seen before..maybe I didnt look very closely or enough but I saw some symbols I hadnt seen on the other two sites. The spread is what I am talking about..it is very narrow, much more than at Forex especially.

popinjay, I am sure it is a regular "purchase" transaction..it goes right through..and I suppose since the transaction is done out of the US, through them they say there is no cap gains tax, they mention it in the advantages area...I have to say if I could not be forced to do the tax transactions that would be a MONSTER benefit to me..
 
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Posted: #32
Went long Eu.Yen at 119.39, chart not looking hot I might be early.
 
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Posted: #33
Also long US.Yen at 92

Market tanking, pair tanking, I will take my chances on an oversold move.
 
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Posted: #34
hit my limit of 100pip on my usd/jpy trade for 200 total pips.  the averages are still lined up indicating a daily downtrend so i decided for this pair, instead of holding on for weeks/months, i am going to go short when it rallies, then exit in the 50-100pip range while this daily downtrend continues to occur (ie - until the moving averages no longer line up inducating the downtrend)
 
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Posted: #35
pop,

You are 100% right with that trend thinking, the US.Yen has been downtrending a while, shorting on rallies until it reverses is a great play.
 
Captain
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Posted: #36
Pop theres no way to spot the crosses in advance but when youre looking at a 4hr chart mostof the time you can buy/sell right at the cross and be close to the top/bottom.....USD/CHF crossed again today and went from 1.2180 to 1.20.....
 
I dont see much out there i like at the moment but ill be checking in every so often
 
 
 
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Posted: #37
Sold Yen pair for 42 pips..

Also positive in the Eu.Yen pair, looking for another 22 pips on the sale there.

So far in two days that is up 1500.
 
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Posted: #38
just renewed my forex practice account for another 2 weeks... the fxcm doesnt have 4hr timeframe
 
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Posted: #39
There are positives and negatives with every one of these it seems.

Sold the Eu.Yen and made 60 pips.

Now up a fleck more than 2k since opening.
 
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Posted: #40
Hey..

Tell me which pair(s) have the widest spreads on Forex and FX and I will compare with this other place.

A few things I dont like about this place, one is that the pair chart (the one that lists all of them) doesnt have a % up and down, and I really liked that function..

Next is that when you buy a pair, set a limit sell/stop limit, and if you add another contract, this site does not update to sell TWO contracts with the same limit price.. Forex does and I like that quite a bit. Also you dont see in the open order box how far away you are PIPS wise to your order..

Next is the charting..finding what I want isnt as easy, and sometimes the chart function drags..and unlike FXCM you cannot buy/sell off the chart..also you cannot do a right click mouse on the pair screen, its click on the sell side or buy side and it turns into a market order..I dont like that at all.
 
Prospect
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Posted: #41
Hi, what is the top fx accts to open?  I am looking for one that can transfer money easily, and has a good software charting service?
 
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Posted: #42
so basically when you add another contract it doesn't average the two together, but instead has them as two separate contracts with their own limits and stops?? 
 
one thing i dont like about FXCM is that when i buy two contracts, sometimes when i am setting limits and stops or viewing my P/L in terms of pips, etc, i get confused if I am looking at it in terms of actual amount of pips that the pair has moved or actual amoun tof pips I have made/lost (2X actual movement).  i know this is simple, but it still confuses me a bit at time.  probably just take some getting used to
 
as for the spreads...
 
in forex:
gpb/aud huge spread of around 17-20
gbp/jpy 9
nzd/usd 9
 
FXCM
eur/cad 12
cad/jpy 6
usd/cad 6
eur/chf 6
 
currently the highest ones i see
 
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Posted: #43
We are trying to figure that out ourselves..lol

So far it really seems that TOP firms arent involved in Forex trading, especially in the US. I see many international firms but none rooted here in the US of any name that has what I want.

There has to be resources to find the best places, but I havent been lucky in finding honest, non-spamming resources to compare. I like this ACM for some aspects, Forex for others, but getting money back AND forth seems to be tough from what I have seen so far.  
 
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Posted: #44
pop,

I actually dont see the lb.aud pair so far..I will look more.

lb.yen is 7 pips spread
nzd.usd is 4 pips
eu.cad is 7 pips
cd.yen is 4 pips
us.cd is 4 pips
eu.chf is 7 pips

This is their middle acct, I think the smaller acct is slightly wider...

And yes..I have to enter two orders on two contracts, semi annoying.
 
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Posted: #45
i might have added the lb/aud pair a while back and taken out one of the standard pairs they keep in the dealing window.  its pretty annoying you just can't have all the pairs in at once
 
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Posted: #46
Long LB.CHF at 1.7702, very oversold, looks like a possible bottom being formed on a week chart.

Also forgot about an order I had on USD.CHF, went long at 1.20, much lower now I am looking to average into another contract..very comfortable with its trading range.
 
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Posted: #47
set a market order for usd/jpy short at 92.85 this morning before work and looks like it hit that and is doing well.  im not even sure if you can do this, but i couldn't figure out how to set a limit on a market order that hasn't been executed.  it's dropping pretty good right now and i wanted to set a limit because i wont be able to get home to my computer until late tonight.
 
which leads me to wonder... do any of the forex brokers and sites offer remote access to trading?  or do they all require you to have the software installed on your comp.  im guessing the latter
 
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Posted: #48
pop,

Yeah this ACM offers remote trading via a PDA..

Tried to short CD.Yen at 74.20 but missed by 10 pips, now 100 lower.


 
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Posted: #49
Sold the lb.chf for 42 pips but the conversion only netted 350.

Other trade still out down 25 pips but usually after hours the US.CHF moves up, I am not concerned.

Looking at a new pair, order to short DKK.SEK at 1.431
 
 
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Posted: #50
Guys, been followin' this thread for a while, and opened up a practice account. My question is, if I open a $100.00 account, will one trade use all of that? It might be a stupid question, but everybody here seems willing to help. Good Luck to all, and THANKS!!!! 
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