Wall looking at my transactions page that trade was about $ 9.16 per pip.. profit for that trade was $458 and some change minus their commission.I thought they charged a $6 commision but dont see it listed
Yeah I thought it was less than the 1000 per 100 because of the ratio of 130 to 140...maybe I was thinking back when the pair was 150, so that would make the return lower than 9 per.
So they charge a commish? I didnt see that in anything I read, but 6 bucks per turn isnt the end of the world IF the spreads were good and selections good, all that normal wish stuff.
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Quote Originally Posted by bucknuts:
Wall looking at my transactions page that trade was about $ 9.16 per pip.. profit for that trade was $458 and some change minus their commission.I thought they charged a $6 commision but dont see it listed
Yeah I thought it was less than the 1000 per 100 because of the ratio of 130 to 140...maybe I was thinking back when the pair was 150, so that would make the return lower than 9 per.
So they charge a commish? I didnt see that in anything I read, but 6 bucks per turn isnt the end of the world IF the spreads were good and selections good, all that normal wish stuff.
I remember seeing $6 in right hand corner when placing order but cant find it on transactions list.Not much but its def more than other traders pay elsewhere.Reading thru that Oanda thread i saw some guys saying they were only being charged $20-$30 per million of contracts while we are at $60 or more.The Oanda spreads arent bad at all from what ive seen. I still think if you can start with about 7k-10k youd be good for a buck a pip.Trading outside the majors is using more margin its 20:1..but that still leaves you at better than 10:1 behind you at a $1 pip..again though if youre leveraging into a position up to a $1 per youll be fine. I really dont have a problem with what they moved rates to..at 50 pips per trade youre looking at 10% of lot margin cost(more in major pairs when you get anything over 20 pips).Thats a pretty good return for what most times is only a few days if not hours.If/when trouble comes and adding lots is needed that just means you look to get from the trade.If you can manage to not bury yourself on the wrong side of a trend with multiple lots,trading the way we did before is still the way to do this IMO.
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I remember seeing $6 in right hand corner when placing order but cant find it on transactions list.Not much but its def more than other traders pay elsewhere.Reading thru that Oanda thread i saw some guys saying they were only being charged $20-$30 per million of contracts while we are at $60 or more.The Oanda spreads arent bad at all from what ive seen. I still think if you can start with about 7k-10k youd be good for a buck a pip.Trading outside the majors is using more margin its 20:1..but that still leaves you at better than 10:1 behind you at a $1 pip..again though if youre leveraging into a position up to a $1 per youll be fine. I really dont have a problem with what they moved rates to..at 50 pips per trade youre looking at 10% of lot margin cost(more in major pairs when you get anything over 20 pips).Thats a pretty good return for what most times is only a few days if not hours.If/when trouble comes and adding lots is needed that just means you look to get from the trade.If you can manage to not bury yourself on the wrong side of a trend with multiple lots,trading the way we did before is still the way to do this IMO.
What an opening for some of these pairs tonight!!LB/JPY with a few hundy gap up..was hoping it would keep pushing or trade sideways till 3 am so i could short a lot but its already down 125+ off the high.Eu/Jpy has some potential here its only down 60 from the high at open. Im gonna watch for an hr here and see if they walk them back up for me to short one at 3am.
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What an opening for some of these pairs tonight!!LB/JPY with a few hundy gap up..was hoping it would keep pushing or trade sideways till 3 am so i could short a lot but its already down 125+ off the high.Eu/Jpy has some potential here its only down 60 from the high at open. Im gonna watch for an hr here and see if they walk them back up for me to short one at 3am.
Wall Oanda does have spread only accounts where there are no commissions on trades..not sure what those spread look like though.In the account i have setup right now the largest spread i see is 2.6 on LB/JPY,all the majors have spreads less than 2 pips.Some of them dipping frequently to .9 but most around 1.2-1.6 spread.
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Wall Oanda does have spread only accounts where there are no commissions on trades..not sure what those spread look like though.In the account i have setup right now the largest spread i see is 2.6 on LB/JPY,all the majors have spreads less than 2 pips.Some of them dipping frequently to .9 but most around 1.2-1.6 spread.
Wall took my order out at 118.96at 12:57 pm..+50 pips. Sorry it took me so long to reply im on nights so trading this session is perfect right now.I think im gonna sell the same pair again tonight would love for them to push it to 120 first.
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Wall took my order out at 118.96at 12:57 pm..+50 pips. Sorry it took me so long to reply im on nights so trading this session is perfect right now.I think im gonna sell the same pair again tonight would love for them to push it to 120 first.
Pretty good setup for me here i got an SMA (200) at 120.215 and the 100 is at 119.46....plenty of room for me to get out with 50 even if the spread widens a bit.
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Pretty good setup for me here i got an SMA (200) at 120.215 and the 100 is at 119.46....plenty of room for me to get out with 50 even if the spread widens a bit.
Wall that was a take profit limit not a stop loss..you know i dont like stops either. Theyve decide to test that 200.Hope it plays as tough resistance tonight.Im gonna do some chart studying this weekend and see if im better off waiting until 4am or later to enter a trade.Last several have went against me 20+ pips before going in my direction...i was a bit trigger happy but the high was 119.80s before that mini run headed into 3am...
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Wall that was a take profit limit not a stop loss..you know i dont like stops either. Theyve decide to test that 200.Hope it plays as tough resistance tonight.Im gonna do some chart studying this weekend and see if im better off waiting until 4am or later to enter a trade.Last several have went against me 20+ pips before going in my direction...i was a bit trigger happy but the high was 119.80s before that mini run headed into 3am...
I added a lot here at 121.40..funny i was in this pair on the other side last week need to pull that fib again and look to see where the key levels are Im gonna be fighting.Need a drop to 120.50s or better to make good profit..busy until i leave for work though soccer practice and music lessons.
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I added a lot here at 121.40..funny i was in this pair on the other side last week need to pull that fib again and look to see where the key levels are Im gonna be fighting.Need a drop to 120.50s or better to make good profit..busy until i leave for work though soccer practice and music lessons.
I think I am going to explore Oanda this weekend and jump back in if it feels right and I dont find any landmines about them.
I was thinking today about Forex and how you and I have different approaches...you really focus on TA analysis and charting, of course I grew up doing that in the .com era but I dont really focus on that as much as other things. I think my focus is on the macro...I think the Forex moves are a function of other things, so if you can get a grasp on the other things (economic, risk etc) then you can improve the odds of being successful.
One thing I know for sure in any market, you have to be able to handle losses and work through a position if you want to make it work...and you have to go into a trade with a solid reason, and know what needs to happen to make it work and what might happen to have it go against you.
My biggest flaw is I am almost too bearish and it alters my perspective..I think I do very well at the long term macro view and I have not been wrong too many times in my views, but in the short term I can be very very wrong and that is difficult.
For example my view on the GBP going to 1.40 is a longer term view and I think once they work out the kinks their economy is strong enough for it to go back to 1.50 even...but in the short term it could go lower again and I also worry about pairing a long with the Yen because the Yen moves for other reasons, so I could be right about the pound and wrong on the trade if the market gets hit and they fly to the Yen for safety.
The more and more I watch the US markets the more and more I think that the hedge funds and robot traders might never lose their grip on this market and maybe we never do see the retracement that should have happened 5 yrs ago....
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buck,
I think I am going to explore Oanda this weekend and jump back in if it feels right and I dont find any landmines about them.
I was thinking today about Forex and how you and I have different approaches...you really focus on TA analysis and charting, of course I grew up doing that in the .com era but I dont really focus on that as much as other things. I think my focus is on the macro...I think the Forex moves are a function of other things, so if you can get a grasp on the other things (economic, risk etc) then you can improve the odds of being successful.
One thing I know for sure in any market, you have to be able to handle losses and work through a position if you want to make it work...and you have to go into a trade with a solid reason, and know what needs to happen to make it work and what might happen to have it go against you.
My biggest flaw is I am almost too bearish and it alters my perspective..I think I do very well at the long term macro view and I have not been wrong too many times in my views, but in the short term I can be very very wrong and that is difficult.
For example my view on the GBP going to 1.40 is a longer term view and I think once they work out the kinks their economy is strong enough for it to go back to 1.50 even...but in the short term it could go lower again and I also worry about pairing a long with the Yen because the Yen moves for other reasons, so I could be right about the pound and wrong on the trade if the market gets hit and they fly to the Yen for safety.
The more and more I watch the US markets the more and more I think that the hedge funds and robot traders might never lose their grip on this market and maybe we never do see the retracement that should have happened 5 yrs ago....
There has to be a pullback..thats what brought me back to this.I cant see how this bull run goes on forever,the right spark will trigger it.Just a matter of time IMO
I agree with needing to have a grip on the other influences that move this market and will admit to falling in love with the chart lol..but i believe if you manage your risk properly you can make it work provided youre not trying to buck a trend that has no end in site.I will check in later this evening prob close to 3am again and see where this trade is.
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There has to be a pullback..thats what brought me back to this.I cant see how this bull run goes on forever,the right spark will trigger it.Just a matter of time IMO
I agree with needing to have a grip on the other influences that move this market and will admit to falling in love with the chart lol..but i believe if you manage your risk properly you can make it work provided youre not trying to buck a trend that has no end in site.I will check in later this evening prob close to 3am again and see where this trade is.
I signed up and did the signup for the transfer site too, but it seems to require a deposit before you can get access to the mt4 platform, was that the case for you?
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I signed up and did the signup for the transfer site too, but it seems to require a deposit before you can get access to the mt4 platform, was that the case for you?
Wall im still using their V.20 platform,i moved my old MT4 platform that was with Gain onto my laptop so i can hopefully drag and drop indicators i like from one to the other. I was hoping to make my transfer early this week but the wife and I have different plans.She wants to pay off her car and do a few "small" things. None of this was brought up when we closed the TD account.The main problem is her not understanding me wanting to have room in the form of cash behind me while in a trade.I will prob end up trading smaller lots at this point.
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Wall im still using their V.20 platform,i moved my old MT4 platform that was with Gain onto my laptop so i can hopefully drag and drop indicators i like from one to the other. I was hoping to make my transfer early this week but the wife and I have different plans.She wants to pay off her car and do a few "small" things. None of this was brought up when we closed the TD account.The main problem is her not understanding me wanting to have room in the form of cash behind me while in a trade.I will prob end up trading smaller lots at this point.
I thought this pair would drift lower last night..at least its managed to hit the 120.00s again. The shorter charts look like a push back up to me maybe itll soften again into closing tomorrow
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I thought this pair would drift lower last night..at least its managed to hit the 120.00s again. The shorter charts look like a push back up to me maybe itll soften again into closing tomorrow
I for sure understand the cash situation...I did that one time a few yrs ago, decided to pull funds out and pay off some things, and I agree about using smaller lots and seeing if you can build up a smaller base.
I have been hounded in email and phone by Oanda to fund my account..I suppose that is a good sign that they follow up. I dont know what my delay is, I guess I just have to do it and get the ball rolling.
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I for sure understand the cash situation...I did that one time a few yrs ago, decided to pull funds out and pay off some things, and I agree about using smaller lots and seeing if you can build up a smaller base.
I have been hounded in email and phone by Oanda to fund my account..I suppose that is a good sign that they follow up. I dont know what my delay is, I guess I just have to do it and get the ball rolling.
Honestly Wall,I dont want to argue with the wife over it and the fact none of these accounts are insured and the way things are going I could totally see something bizarre happening. We talked about doing some work to the house but she wants to spend twice what i had in mind.I agreed to doing wood on the first floor with some yard and deck stuff..there was just never any mention of paying off her vehicle or the other ideas shes now spawned lol.We moved into this house just over a year ago and I didnt plan on doing much work.The guy had a new roof last 5 yrs,new Ac/furnace,carpet was fairly new,no pets etc.The only thing i was looking to do anytime soon was add a 3 season type room to existing deck but thatll be on hold if she wants to make other changes.I told her my next move is the last one and it better be a condo in Nevada,Cali,Ariz or Fla! I will get the ball rolling this week too,Im off till Sunday after tomorrow as of right now so I will get it done..Ive just been watching this pair push forward.I havent added to position again planned on waiting for some sign of weakness but its been holding on.
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Honestly Wall,I dont want to argue with the wife over it and the fact none of these accounts are insured and the way things are going I could totally see something bizarre happening. We talked about doing some work to the house but she wants to spend twice what i had in mind.I agreed to doing wood on the first floor with some yard and deck stuff..there was just never any mention of paying off her vehicle or the other ideas shes now spawned lol.We moved into this house just over a year ago and I didnt plan on doing much work.The guy had a new roof last 5 yrs,new Ac/furnace,carpet was fairly new,no pets etc.The only thing i was looking to do anytime soon was add a 3 season type room to existing deck but thatll be on hold if she wants to make other changes.I told her my next move is the last one and it better be a condo in Nevada,Cali,Ariz or Fla! I will get the ball rolling this week too,Im off till Sunday after tomorrow as of right now so I will get it done..Ive just been watching this pair push forward.I havent added to position again planned on waiting for some sign of weakness but its been holding on.
Wall do me a favor..look up ticker KATFF and let me know what you think.My youngest brother keeps telling me to dump cash in there and let it sit till this time next year.From what I can find they start mining again in Sept.While it prob never sees all time high price do you think a significant jump is possible?I know its pennyland but seems legit..am i missing something?
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Wall do me a favor..look up ticker KATFF and let me know what you think.My youngest brother keeps telling me to dump cash in there and let it sit till this time next year.From what I can find they start mining again in Sept.While it prob never sees all time high price do you think a significant jump is possible?I know its pennyland but seems legit..am i missing something?
Took yesterday to flip my schedule around...signed up for a live account and talked to a rep on the phone and via their live chat.We can use debit card its credit cards no longer accepted,deposits up to 10k once per calendar month.I will make deposit today but will not be entering a trade,Im not getting stuck holding into this weekend. Will the election cause another jump in Eu?I keep reading its priced in but the last round brought a 200 pip gap up..
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Took yesterday to flip my schedule around...signed up for a live account and talked to a rep on the phone and via their live chat.We can use debit card its credit cards no longer accepted,deposits up to 10k once per calendar month.I will make deposit today but will not be entering a trade,Im not getting stuck holding into this weekend. Will the election cause another jump in Eu?I keep reading its priced in but the last round brought a 200 pip gap up..
I was a little shocked looking at that one for a few reasons..
First it is a copper miner in Congo and copper is in the crapper lately and being in country like Congo would make me VERY nervous..the government can shut anything down they want for no reason..not saying that would happen but it does as we both know.
Also...stock is 28 cents or so, range this year of 8 cents and 50 cents...pretty big range. It trades on the OTC yet has a market cap of over 500 million.
I noticed it is a division of Glencore which is interesting and it must trade in either Canada or Europe since it has the FF on the end and is on the OTCBB, that would be my thoughts on it.
Company has been around 6-7 years it looks like and the high was 2 bucks or so, been in that 10 cent rage on and off several times.
Problem is finding out their financials, with them being a foreign company and only on the OTC its tough to find out their numbers, what makes you interested in it? What has your brother said that perked your interest?
I am not a huge fan of copper stocks, if we think the global economies are going to be stagnant for a while, copper will not appreciate much. This company is an interesting inflation biased trade...if you think commodity inflation is coming they could benefit from higher copper/ore prices.
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KATFF...
I was a little shocked looking at that one for a few reasons..
First it is a copper miner in Congo and copper is in the crapper lately and being in country like Congo would make me VERY nervous..the government can shut anything down they want for no reason..not saying that would happen but it does as we both know.
Also...stock is 28 cents or so, range this year of 8 cents and 50 cents...pretty big range. It trades on the OTC yet has a market cap of over 500 million.
I noticed it is a division of Glencore which is interesting and it must trade in either Canada or Europe since it has the FF on the end and is on the OTCBB, that would be my thoughts on it.
Company has been around 6-7 years it looks like and the high was 2 bucks or so, been in that 10 cent rage on and off several times.
Problem is finding out their financials, with them being a foreign company and only on the OTC its tough to find out their numbers, what makes you interested in it? What has your brother said that perked your interest?
I am not a huge fan of copper stocks, if we think the global economies are going to be stagnant for a while, copper will not appreciate much. This company is an interesting inflation biased trade...if you think commodity inflation is coming they could benefit from higher copper/ore prices.
Hey Wall I will be back on early next week..had a nasty two weeks.My uncle passed and two days later I lost a cousin I grew up with,he was only 40 yrs old and left behing two young kids. So depressing seeing his kids say goodbye to their dad,first time my youngest saw his dad cry like a baby too.
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Hey Wall I will be back on early next week..had a nasty two weeks.My uncle passed and two days later I lost a cousin I grew up with,he was only 40 yrs old and left behing two young kids. So depressing seeing his kids say goodbye to their dad,first time my youngest saw his dad cry like a baby too.
Well Im kinda in limbo here,I thought I would be fine trading smaller lots but now dont know if this is what I want to do. Ive spent the last two weeks looking at properties that are on auction sites and I might just dump some cash into one of those if I can win the bidding war. Wall or anybody that happens to read this any experience in investment properties?We even looked at the sheriff sales taking place every week here and there seems to be some opportunities to make some cash if you are willing to do some of the work yourself.Every week houses sell for 60k that are listed on zillow and the like for 90+.. I tried to talk the wife into renting out our old house but she just wanted to sell and move on,looking back I wish we had went the other way now. Anybody with experience have any advice in this area?
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Well Im kinda in limbo here,I thought I would be fine trading smaller lots but now dont know if this is what I want to do. Ive spent the last two weeks looking at properties that are on auction sites and I might just dump some cash into one of those if I can win the bidding war. Wall or anybody that happens to read this any experience in investment properties?We even looked at the sheriff sales taking place every week here and there seems to be some opportunities to make some cash if you are willing to do some of the work yourself.Every week houses sell for 60k that are listed on zillow and the like for 90+.. I tried to talk the wife into renting out our old house but she just wanted to sell and move on,looking back I wish we had went the other way now. Anybody with experience have any advice in this area?
My computer motherboard got messed up so I have not been doing any Forex work, I signed up but did not deposit yet because without my computer I would never attempt to jump in.
The world of investment properties...yeah it sounds like you are in a low cost area for houses to go that cheap. I have mixed feelings on this and I do have some education and experience in this field..the issues are that being a landlord has many sticky features so make sure you are ok with those and make sure you know your IRR before you buy, if you are not making a solid return given the risks then the price of the property is unimportant. If you want to fix and flip make sure you know the real selling price and your holding/selling costs and calculate your return estimate very very conservatively.
Make sure for repairs you expect anything between 50% plus on overages until you do this for a long time and get a feel for real costs. Also these sheriff sales are usually as-is and make sure you have good access to a solid title agency so you can check for liens and tax issues because I don't know how well these sales guarantee a free and clear title.
More than anything, be prepared to work very very hard and do not count on any return greater than you local average on rentals, make sure you know and understand all costs of ownership and what vacancy rates are, if you can find a solid source for tenant screening and background checks etc...
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buck,
My computer motherboard got messed up so I have not been doing any Forex work, I signed up but did not deposit yet because without my computer I would never attempt to jump in.
The world of investment properties...yeah it sounds like you are in a low cost area for houses to go that cheap. I have mixed feelings on this and I do have some education and experience in this field..the issues are that being a landlord has many sticky features so make sure you are ok with those and make sure you know your IRR before you buy, if you are not making a solid return given the risks then the price of the property is unimportant. If you want to fix and flip make sure you know the real selling price and your holding/selling costs and calculate your return estimate very very conservatively.
Make sure for repairs you expect anything between 50% plus on overages until you do this for a long time and get a feel for real costs. Also these sheriff sales are usually as-is and make sure you have good access to a solid title agency so you can check for liens and tax issues because I don't know how well these sales guarantee a free and clear title.
More than anything, be prepared to work very very hard and do not count on any return greater than you local average on rentals, make sure you know and understand all costs of ownership and what vacancy rates are, if you can find a solid source for tenant screening and background checks etc...
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