FXSCALPER2
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LOL, I will scalp until you ban me. Can you define scalping for us?
capitalspreads said:
Best Thread Capital Spreads
capitalspreads
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fxscalper
define scalping... difficult, because it generally means different things depending on what you are doing.. for SB companies it generally refers to a trader who attempts to trade on lagged prices (and only lagged prices) using a bank fx feed as his 'base market'. Nowadays it is much more difficult to do but by no means impossible. The presence of 'scalpers' is the main reason that most SB companies will not go fully automatic and are prone to default to 'trader confirmation' in times of stress.
the word scalper should not be confused with 'arber' who generally take positions in two similar or 'fungable' markets in the expectation of reversing both trades at a net profit in the future. Arbing (in the good old days) was very profitable in the FX markets where the cross currencie calculations often created incorrect prices ..(i.e the USD/CHF would move and the EUR/USD would move but the actual EUR/CHF may not have moved to reflect the multiple of the two).. of course now computers have removed many potential 'arb' possibilities.
Simon
define scalping... difficult, because it generally means different things depending on what you are doing.. for SB companies it generally refers to a trader who attempts to trade on lagged prices (and only lagged prices) using a bank fx feed as his 'base market'. Nowadays it is much more difficult to do but by no means impossible. The presence of 'scalpers' is the main reason that most SB companies will not go fully automatic and are prone to default to 'trader confirmation' in times of stress.
the word scalper should not be confused with 'arber' who generally take positions in two similar or 'fungable' markets in the expectation of reversing both trades at a net profit in the future. Arbing (in the good old days) was very profitable in the FX markets where the cross currencie calculations often created incorrect prices ..(i.e the USD/CHF would move and the EUR/USD would move but the actual EUR/CHF may not have moved to reflect the multiple of the two).. of course now computers have removed many potential 'arb' possibilities.
Simon
FXSCALPER2
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Thanks Simon. Will be looking for the addition of AUDJPY.
capitalspreads said:
WARNING TO CAPITAL SPREAD USERS
If you have two open trades on the same instrument in the same direction eg two shorts on the ftse rolling daily, you will have to close the trade that was taken first before you can close the second trade. You are not permitted to close the second trade before the first.
This is not currently stated in the online User Manual.
In addition the second trade is not shown separately on your 'open trades'. Both trades are combined and shown as an average.......... somewhat confusing.
You have been warned!
Regards
bracke
If you have two open trades on the same instrument in the same direction eg two shorts on the ftse rolling daily, you will have to close the trade that was taken first before you can close the second trade. You are not permitted to close the second trade before the first.
This is not currently stated in the online User Manual.
In addition the second trade is not shown separately on your 'open trades'. Both trades are combined and shown as an average.......... somewhat confusing.
You have been warned!
Regards
bracke
capitalspreads
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brake et al
the common term is "first in first out" and is the normal market practice, especially if you trade in the futures markets.. the exchange will close your trades in order of opening when you trade out. Some SB's allow you to pick and choose but this is not actually normal and, I believe, is unique to the SB world.
If you look in your 'open positions' you will see a couple of 'icons' after the 'open p/l' . The second of these icons will, when clicked, give a breakdown of the individual positions making up your total open positions in that contract. Showing the P/L of each individual opening bet. The bets are recorded in order from the most recent down to the first.
In reality it makes no difference at all to your overall trading which positions are closed you will still have the same net p/l. For some reason clients always want to take the profitable bets and leave the losers (from an amalgamated position) .. in my humble opinion a very bad trading strategy.
Simon
the common term is "first in first out" and is the normal market practice, especially if you trade in the futures markets.. the exchange will close your trades in order of opening when you trade out. Some SB's allow you to pick and choose but this is not actually normal and, I believe, is unique to the SB world.
If you look in your 'open positions' you will see a couple of 'icons' after the 'open p/l' . The second of these icons will, when clicked, give a breakdown of the individual positions making up your total open positions in that contract. Showing the P/L of each individual opening bet. The bets are recorded in order from the most recent down to the first.
In reality it makes no difference at all to your overall trading which positions are closed you will still have the same net p/l. For some reason clients always want to take the profitable bets and leave the losers (from an amalgamated position) .. in my humble opinion a very bad trading strategy.
Simon
FXSCALPER2
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Simon,
I was watching your fx prices this morning. I had yours, CMC's and various banks on my screens. Where do you get your feeds? It is way too slow. I don't believe you can't get better feeds than that. CMC's was pretty spot on, by the way. It is impressive actually how they mirror the realy market (plus spreads, of course).
I was watching your fx prices this morning. I had yours, CMC's and various banks on my screens. Where do you get your feeds? It is way too slow. I don't believe you can't get better feeds than that. CMC's was pretty spot on, by the way. It is impressive actually how they mirror the realy market (plus spreads, of course).
capitalspreads
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fxscalper
you must open a trade ticket to get the streaming prices...just looking at the trading screen will not give you the quote in the ticket.
I can assure you that our live feeds are pretty good , over data releases we tend to struggle but then so does everybody ...if we were consistently delayed on prices we would be 'scalped' all day long
Simon
you must open a trade ticket to get the streaming prices...just looking at the trading screen will not give you the quote in the ticket.
I can assure you that our live feeds are pretty good , over data releases we tend to struggle but then so does everybody ...if we were consistently delayed on prices we would be 'scalped' all day long
Simon
FXSCALPER2
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Oh, I see. That is good to know. Been looking at the tickets and I think you are right.
capitalspreads said:
coolTrader
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capitalspreads said:
then why am I getting rejected trades? even though the price is at that level. There is a long delay and then my order is rejected
... the spikes were in my favour (very extraordinary!)... I'm long GBP at the moment
capitalspreads
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jbat
not sure where you are seeing 60 pips ... we are still at 30
Simon
not sure where you are seeing 60 pips ... we are still at 30
Simon
Jbat001
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capitalspreads said:
I can't tell you at what point it became 60 pips, because I didn't notice it change, but I traded this particular market yesterday (closing out at around 7pm), and the spread was 60 pips wide, I promise you. All I can say with certainty is that this was the case for most of yesterday afternoon, though it may have been longer, as I can't be certain.
To give CS its dues, I have just logged back in and it shows 30 pips, as you say. I also appreciate the fact that in the past this market operated on a 40 pip spread, and you've narrowed it to 30, which is to your credit. Your T&C does allow you to vary the spreads as you choose, but your contact is enormously appreciated, as I'm sure I've mentioned previously.
capitalspreads
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jbat
It looks like you may have been right ... the dealers admitted that on changing the feed yesterday because of the feed drop out problem they failed to notice that the new feed had a 60 pip spread. You and one other were the only accounts to trade in the SEK yesterday (popular currency) so if you give us a ring /drop us an e-mail we will correct your account to the tune of 30 pips on your stake.
simon
It looks like you may have been right ... the dealers admitted that on changing the feed yesterday because of the feed drop out problem they failed to notice that the new feed had a 60 pip spread. You and one other were the only accounts to trade in the SEK yesterday (popular currency) so if you give us a ring /drop us an e-mail we will correct your account to the tune of 30 pips on your stake.
simon
