Thoughts of an aspiring trader - Page 2
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Thread: Thoughts of an aspiring trader

  1. #11
    Quote Originally Posted by ;
    Perhaps you would like to explain why this hasn't happened before? I have been with fxcm for 2 decades, and every single time that I get stopped out via the tab, all related stop declines also get removed in the procedure. And obviously this is not the first time that I added within my stop loss this way.

    I also need to point out if stop orders aren't attached to a specific trade ticket, everytime I manually exit a trade I would have to manually shut each stop order, which is not the situation.
    Hi Aspiring,

    If you have been using the platform for 2 decades, and have never encountered this issue before, then I may have misunderstood the way you added your new stop order. I thought you may have produced a new entry order by error. If that is not the situation, I encourage you to log an instance for this trade, therefore the Trade Audit Committee can investigate it. If there was an error in our trade implementation, then they will make the proper adjustment to your account. Here is the form you may use to log the situation: http://www.fxcm.com/forms/trade-audit/

    simply to clarify, US regulations don't allow stop orders to be connected to specific trade tickets, because FIFO rules require older trades in a given currency pair to be shut out before newer trades. By way of instance, assume you have 2 long positions in EUR/USD. Trade 1 was started yesterday with a stop set at 1.3000. Trade 2 was started today with a stop set at 1.3200. Considering that the stop at 1.3200 is greater, it would get triggered , in the event the market price goes. If the cease at 1.3200 get triggered, it would close out Trade 1, since it's older. Then if the market continues to move down to 1.3000, then the residual stop order would shut out Trade 2. Hence that the stop orders aren't attached to a specific trade. Instead, for US accounts stops are connected to your entire net position in a given currency pair. That's why, when you have gotten stopped out in the past, all related stop losses because that currency pair were deleted if you no longer had a web position.

    Jason

  2. #12
    Dude get from FXCM. 1.6 pips for EURUSD? They might as well rob you blind. Anything over 1 pip should be suspect.

    I am with oanda, and their spreads are not great, but much BETTER than that suckers.


    Attempt mbtrading, or interactive brokers if you got the funds

  3. #13
    Well I made the switch from FXCM into Alpari Pro. So far everything is looking very good. Already started trading yesterday after a 1 week hiatus.

    Tried to get the trade explorer to operate. . But for some reason it won't link to my broker. How annoying!

  4. #14
    Among the largest hurdles to a trader, is when you create an entry order. . And then price misses it by state. . 0.5 pips. Afterward price proceeds to move away from there in your favor. 5 pips, then 10 pips.

    Now you sit there wondering if there is a second wind, or whether or not it goes against there, it is going to reverse into a loss, or perhaps in the event that you ought to only enter at a less than perfect price. So many problems coming from 0.5 pips.

    What are my ideas?

    http://files.myopera.com/boamax/albu...uu nuevo.png

  5. #15



    Really extremely rough trading week for me. Trader mind really got in the way of my profits. The only bright side of this is that I know exactly what I want to do to repair it.

  6. #16
    I think that if I do my weekly analysis, it gets kind of dull and repetitive once you go on greater timeframes, because there is not much change in those charts. I believe like forex really is a game of attrition, in which to maintain consistency you have to keep all your habits also constant. Kind of like doing your time at work to get paidoff.

    Even if considering cots, many reports will show minimal changes, and because I care mostly about enormous rapid changes and events, the majority of the time I feel like I'm back in college doing assignments.


    Oh btw, random thought- I call my egy breakout trading, but the term does not seem to aptly match it. Breakouts is this a technical term, in which you find a consolidation zone, and a breakout zone, but I really do so much more additional work to try and discover the finer details. How accurate is pinpoint precision?

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