Forex Strategies Forum

by **simpleforex** » Wed Jun 15, 2011 5:28 pm

FSRUser wrote:Hi SimpleForex,

Looks good to me. I was ready to take this trade as well, but probably thanks to my broker I missed it.

Do you have any idea what could have happened ?

Warm Regards,

Jan
Missed EurGbp trade.png

Guys, HONESTLY, I don't have a CLUE what is going on and WHY the discrepancies between brokers.
Im with Alpari UK and I the trendline was touched allowing my entry that you saw.

Any ideas why this is happening? Are all broker prices SUPPOSED TO BE EXACTLY MATCH at any given point in time?

Any thoughts?

Thanks

by **simpleforex** » Wed Jun 15, 2011 5:37 pm

MarkD wrote:Thats weird, I was watching exactly that set up almost all day yesterday waiting for it to trigger, and it didn't quite get there on my charts.
How come they're different?

Hi Mark,

it is INDEED weird...

as I said, I don't know what is going on.

by **tozsdeprofit** » Thu Jun 16, 2011 3:00 am

EUR/CHF
Time frame: 1H
LOT: 0,1
Open: 1.2201
Take profit:1.2011
PIP: +189
Profit: 223.21 USD

by **FSRUser** » Thu Jun 16, 2011 3:22 am

Hi SimpleForex,

I talked to my broker (http://www.finfx.fi) about this. I gave them your trend and my trend, this was their answer, quote:

"Alright, that explains it. The other broker may get the price feed from a different source and with different set-up. FinFX’s price feed comes through Integral, from multiple banks, all competing to give you the best price available."

Regards,

Jan

by **simpleforex** » Thu Jun 16, 2011 3:34 am

FSRUser wrote:Hi SimpleForex,

I talked to my broker (http://www.finfx.fi) about this. I gave them your trend and my trend, this was their answer, quote:

"Alright, that explains it. The other broker may get the price feed from a different source and with different set-up. FinFX’s price feed comes through Integral, from multiple banks, all competing to give you the best price available."

Regards,

Jan

well, that explains it then.

Thanks for that. Now we know.

by **FSRUser** » Thu Jun 16, 2011 11:48 am

Hi Everybody,

I was just comparing my trades against Myron's trades, cause my expected results are behind my expectation.

Myron had 25 trades in profit and 10 trades in loss, while I have 11 trades in profit and 14 in loss, that is kind of a big difference. I did manage to increase my account with approximately 10% in 4 days, which is not too bad

I was wondering how many trades in profit and trades in loss other traders have.

Regards,

Jan

by **TrendTrader** » Thu Jun 16, 2011 5:55 pm

FSRUser wrote:Hi Everybody,

I was just comparing my trades against Myron's trades, cause my expected results are behind my expectation.

Myron had 25 trades in profit and 10 trades in loss, while I have 11 trades in profit and 14 in loss, that is kind of a big difference. I did manage to increase my account with approximately 10% in 4 days, which is not too bad

I was wondering how many trades in profit and trades in loss other traders have.

Regards,

Jan

Hi FSRuser,

Not so bad, you managed to cut your losses and run your profits. I think your winning trades against losing trades are 44% to 56% instead Myronn has 71.5% to 28.5% You may need to work on that so your winning can be at least 50 or over, and you will see your profits going up even though we can't compare someone with more expertise to us. But we can still improve our trading with experience.

Happy trading

by **simpleforex** » Fri Jun 17, 2011 3:42 am

TrendTrader wrote:
FSRUser wrote:Hi Everybody,

I was just comparing my trades against Myron's trades, cause my expected results are behind my expectation.

Myron had 25 trades in profit and 10 trades in loss, while I have 11 trades in profit and 14 in loss, that is kind of a big difference. I did manage to increase my account with approximately 10% in 4 days, which is not too bad

I was wondering how many trades in profit and trades in loss other traders have.

Regards,

Jan

Hi FSRuser,

Not so bad, you managed to cut your losses and run your profits. I think your winning trades against losing trades are 44% to 56% instead Myronn has 71.5% to 28.5% You may need to work on that so your winning can be at least 50 or over, and you will see your profits going up even though we can't compare someone with more expertise to us. But we can still improve our trading with experience.

Happy trading

Interesting...

This should be a good topic: HOW DO YOU MEASURE SUCCESS IN FOREX TRADING?

(1) measure your success in terms of $$$ and % wins or loses and compare your success with another person's results...which mean you can be worse performer than him or much better than him...
(2) Measure your success with how much $$$ (or % increase) you have increased your account by in a month etc...
(3) or measure your success based on HOW CONSISTENT you are in following a strategy and HOW CONSISTENT you are in following your trading plan with proper risk management and flawlessly executing your trades day-in-day-out.

Which would you choose?

by **simpleforex** » Fri Jun 17, 2011 3:58 am

some trade setups:

the usdcad is basded on the wkly trendline...it might happen today or if not, that is something to watch out for early next week I suppose.
euraud is quite close to the upward trendline now...might get a bounce up. it might be worth watching. can happen today.
cadchf might happen today