Best Thread Live Cable Trading
Mornington Crescent
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if its gonna move, it will have to move soon
I am almost in overbought territory.
I am almost in overbought territory.
breadman said:
IMHO this is one of the key factors in the recent $ strength. Then when it moves specs get in, starts quoting yeild diffs etc and it snowballs.
What happens after this $ boosting period is over will be the real test of $ resilience.
G-Man
I try to give the thread 1 trade a day but done 2 today +6 and a + 21. 
I would like you views trading forex,using CME Futures or S/B,What do you guys trade, For scalp my self I still rather futures as I can buy the Bid and sell the Ask, You cant do this with S/B And I dont like how they price change, I had 2 firms up, one was CMC and the other Capital Spread, two different prices you get,example the bid on CMC was 83 and capital spreads 81, some times they get in line but most of the time they are all over the place. Although I can trade with by broker and trade Spot but margin is 2k to trade around $10 a point. the prices are true, but the margin is high, unlike S/B Where you can trade on 150 quid margin with cmc and 60 quid with capital, based on 1 pound a point.
I would like you views trading forex,using CME Futures or S/B,What do you guys trade, For scalp my self I still rather futures as I can buy the Bid and sell the Ask, You cant do this with S/B And I dont like how they price change, I had 2 firms up, one was CMC and the other Capital Spread, two different prices you get,example the bid on CMC was 83 and capital spreads 81, some times they get in line but most of the time they are all over the place. Although I can trade with by broker and trade Spot but margin is 2k to trade around $10 a point. the prices are true, but the margin is high, unlike S/B Where you can trade on 150 quid margin with cmc and 60 quid with capital, based on 1 pound a point.
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badtrader said:I try to give the thread 1 trade a day but done 2 today +6 and a + 21.
I would like you views trading forex,using CME Futures or S/B,What do you guys trade, For scalp my self I still rather futures as I can buy the Bid and sell the Ask, You cant do this with S/B And I dont like how they price change, I had 2 firms up, one was CMC and the other Capital Spread, two different prices you get,example the bid on CMC was 83 and capital spreads 81, some times they get in line but most of the time they are all over the place. Although I can trade with by broker and trade Spot but margin is 2k to trade around $10 a point. the prices are true, but the margin is high, unlike S/B Where you can trade on 150 quid margin with cmc and 60 quid with capital, based on 1 pound a point.
Exactly the dilemma I am facing currently. In England (not sure if you know this) but profits on Spread betting are tax free.....Whereas trading the actual currency with a broker e.g. FXCM profits would be taxed as income. So I'm still trying to figure out if it's better to trade actual/fair prices and take the 40% hit on the profit or try and beat the spread bet companies, which have a most annoying habit of hitting stops and opening order prices when the market is a good few points away.
Oh, and you miss the Asian sessions on the spread bet... so analysis of swing trades is screwed because very often targets are hit (and reversed) while the instrument is "closed".
Anyone else have any views ??
Mornington Crescent
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Don't know if this helps but I use s/b's primarily because my profits are tax free.
Yes, their prices and spread do vary from market but as I am not a scalper, that is not a serious problem.
I also need to have less capital tied up in any individual trade which is important as I often trade indices,forex and stocks. Not all of which can be traded on the same platform.
So s/b's are convenient from more than one standpoint. And although they are much maligned, it is generally by people who dont understand the markets.
I dont trade during asian sessions as I am tucked up in bed .
For forex and some U.S trades I use mt4 charts. They are also free but I am happy to try
VT Trader if you would like to give me a link.
For others I have a number of DDE links and my own charts and indicators.
Yes, their prices and spread do vary from market but as I am not a scalper, that is not a serious problem.
I also need to have less capital tied up in any individual trade which is important as I often trade indices,forex and stocks. Not all of which can be traded on the same platform.
So s/b's are convenient from more than one standpoint. And although they are much maligned, it is generally by people who dont understand the markets.
I dont trade during asian sessions as I am tucked up in bed .
For forex and some U.S trades I use mt4 charts. They are also free but I am happy to try
VT Trader if you would like to give me a link.
For others I have a number of DDE links and my own charts and indicators.
