Recent content by barn_burner

My understanding is that EFX has price breaks based on volume for larger traders anyway. Also, the platforms you quoted are deal desks, so you are paying that both ways. Justin gave you numbers that were round-trip. I don't understand how people think that fixed spreads of 3 pips are cheaper...

You are correct about this, and I agree with what someone else said about not using trendlines for entry points as they aren't support and resistance. You might want to have a look at Tradesight.com, as he teaches exactly what is being discussed here as it relates to the US markets. And for...

Why are you so interested in that contract? I doubt that it is very liquid.

There is a pretty good study over at Tradesight about this stuff. They did a lot of research on the various times of day to use as end of day.

I do.

Yeah, I agree with that, but it is still an option for those looking for that type of package. And IB is not an ECN, by the way.

Great education for traders. Great site!

Not sure what you mean by "how would your broker handle this"? The US Dollar gets weak, the GBPUSD goes up. If you are long, you make money. The broker doesn't have anything to do with that in the broader sense.

Isn't Metatrader 4 the standard for this type of stuff?

I'm always curious about basically the point that you are making...what percent of "active" traders in fx (by that, I mean people that enter and exit several times a day instead of trying to catch a broader trend) are likely successful over time?

Why does everyone assume there is a black box method to success? Trading is about watching the market and making decisions.

Timeframes So what period do you recommend for selecting data to make the calculation?

Bid/Ask Level 2 The current price on a stock on a chart is the last trade price. That could be the bid or ask or in between or even slightly outside if the market just moved.