la oleg 20:18 GMT January 6, 2006
nj jf -- thanks a lot for your awesome posts on the subject of stops and 15 pip movement.
Spotforex NY 20:12 GMT January 6, 2006
Thanks JP for the insight (as per your post in GVI)
Spotforex NY 18:27 GMT January 6, 2006
Atlanta GA 15:03 GMT
That platform seems to have perpetual servers problems, and are highly correlated to fast moving markets and important data release days........It is important to have that situation addressed ASAP...
mind you most of the retail platforms had 'server' problems in that past under similar circumstanes...
FWIW - one of my retail platforms took 10+ minuites to execute a 'market' order in the aftermath of the US employment release today.....
It may be online trading platform , with flashing lights and look 'high-tech'...but the retail platforms will slow down the quoting ability during the most inopportune times.......thus it is more high tech manual execution by a dealing room then auto execute ......
Farnham SFH 15:15 GMT January 6, 2006
dc fxq 15:12 GMT January 6, 2006
Farnham SFH 15:11 GMT
sorry, I confused you with the dreaded "B"ell
Farnham SFH 15:11 GMT January 6, 2006
no it starts wIth C
dc fxq 15:09 GMT January 6, 2006
Farnham SFH 15:02 GMT
tks mate, if I recall you use the platform that starts with O, or am I mistaken about that?
Atlanta GA 15:03 GMT January 6, 2006
Subject: Connection problems
I am new to your forum, just posted I use CMS VT platform and have not been able to connect at all this morning, missed all the runs. They said servers are down and working on it, anyone use VT to trade having the same trouble? Any suggestions for a better company to use? TIA
Farnham SFH 15:02 GMT January 6, 2006
fxq 14:54 GMT
dc fxq 14:54 GMT January 6, 2006
Subject: Connectivity/Outages at NFP time Friday
Have any others had problems connecting/staying connected to trade durring the immediate reaction to the NFP release?
nj jf 11:54 GMT January 6, 2006
in terms of being able to stay in a position w/o your stop being triggered first and the conclusion i found was it equates to roughly 15 pips esp at a day trader level.
nj jf 11:53 GMT January 6, 2006
wud be selling in an uptrend where the mkt is constantly making new highs and pullbaks are limited to 15 pips before another new high
or noody when she bought eurusd at 1.2035 low of 31 given
im sure you have had it happen to you where you have bought something and it has not traded one pip higher and has reversed in a multiple fashion in the other direction
this is what i have looked at how to put a number on this movement to let you know you are right or wrong.
nj jf 11:47 GMT January 6, 2006
jp - its as sfx says - basically its not related to any stop loss price activity - its if you enter a position and it fails to move more than 15 pips in the way you think it should theres a 85-90 % chance your stop loss will get triggered before the market reverses
ie you buy eurusd at 1.2065 if the market trades >1.2081-83 then the prosepct of you losing money on this trade becomes low - but if it fails to overcome 80 then you will see your s/l triggered before the market overcomes the 15 pip level. (whether you use a 20-100 point stop, i find it works in a multiple effect, if it doesnt move more than 15 your way it can easily move 60 against you. if you know this is occurring to you - you have the opportunity to adjust your position accordingly to keep more of your money)
what tends to happen is people enter at low probability areas for sake of having a trade on - if you try to focus on better support and resistance areas then you will get a feel for what im indicating because the mkt will reward you.
when i do mine if im out by more than 8-12 points i know im wrong in terms of generating trading high or low. which is seperate from the discussion above.
this is just my observation from looking at ways to make trading simpler and just my view - gt
Singapore Sfx 11:32 GMT January 6, 2006
JP - I'm sure jf will answer this - but I dont think he meant setting a 15 pip stop - I got the impression he meant that once you entered the trade and it failed to break a 15 pip "tgt" (for want of a better wod) in yr favour / direction, chances are that an intraday type stop wud get done.
sry fr butting in..
Mtl JP 11:17 GMT January 6, 2006
Global-View 15:50 GMT January 4, 2006
nj jf 15:11 / re "i find success and failure for your s/l lies in 15 points". pray tell, what assumption are making about the spread for that calculation ? I expect marketmaking level players do not have the same spread as myself - a retail player.
Example: jan 05 to Jan 06 overnite dlrcad
Start price level: 1.1625-35 in Asia,
Seening as 1.1647 hourly t-line held, take out a short entry order at 1.1665
(using GVI Jay 18:46 GMT January 5, 2006
$/CAD: Key levels are pretty clear
1.1765 (100 day avg)
1.1775 (key trendline)
High has been around 1.1650. Note 20 day avg = 1.1615)
adding 15 pip SL = 1.1680 plus whatever spread concideration, somewhere between 1 and 5)
Hello Mr. JUBBS ! Gggrrrrrrrrr....
Looks like, in this example, a layered sl - i.e. one against 1.1665 +15, the other 1.1695 + 15 - would have reduced the hit to one's capital protection efforts. Which, of course, carries with it its own risk.
Singapore Sfx 09:31 GMT January 6, 2006
Well JP, at the end of the day , the trader's basically trading for himself ..
Mtl JP 03:25 GMT January 6, 2006
SFH 21:57, true - but only to that one specific trader.