Considering the myriad of rejected trades with the still-unexplainable “off quotes” message, today was a pretty good day for scalping. The great majority of trades were winners. The rest of the week should be pretty active as well, since Wednesday, Thursday, and Friday all have their share of potentially market moving economic releases and Bernanke […]
MT4 Platform Crash
Posted by on November 27, 2006 at 4:17 pm
Even though all trades were positive today, the MetaTrader (MT4) trading platform started crashing. (Click here to see a snapshot from the trader’s computer). A few customers confirmed this on their end as well, while trying to view their accounts. We are still getting rejected trades with the “off quotes” message. FXLQ is still working […]
US Dollar Weakness Creates Scalping Opportunities
Posted by on November 24, 2006 at 4:10 pm
A day like today comes around once or twice a year. There were plenty of scalping opportunities today as the US Dollar got progressively hammered due to a widespread fear of a continually weakening US economy. Did we take full advantage of this “textbook” trading day in the forex market? Not quite… Today’s results were […]
A Somewhat Quiet Trading Day for Forex
Posted by on November 22, 2006 at 4:31 pm
The trading day began with a failed attempt to buy 35 lots of GBP/USD at 1.9057 at 10:49:48 GMT – a relative quiet period for the pound as the chart during that time showed. Why the “off quotes” rejection? I don’t know. Someday, someone from the other side might be able to explain it to […]
FXLQ Slow With Delays – Inactive FX Market
Posted by on November 21, 2006 at 4:19 pm
The Forex market was relatively slow today. Just three round trip trades generated. This inactivity is expected, as the United States takes their mind away from trading and focuses on eating some turkey! Final result: a losing day. Yes! Whoopee! Analyzing the log reveals one instant where a profitable trade could not be closed (“off […]
Problems with Forex Broker
Posted by on November 17, 2006 at 4:28 pm
Today we missed excellent day trading opportunities. We should have had an excellent day based on the way the major currencies were moving, but as it turns out, we’re only going to have an OK day after our forex broker, FXLQ, “fixes” two bad trades that were caused by “problems” at their end. Let me […]
Good Day Trading On The Forex Market
Posted by on November 16, 2006 at 4:45 pm
Today was a very good day to day trade the forex market. The FXLQ server we are on went down for around half an hour early this morning – close to 5 AM EST. I notified FXLQ and it was quickly restored. Don’t know why it happened. I spoke to Brian from FXLQ this morning […]
Delays in Day Trading EURUSD
Posted by on November 15, 2006 at 4:20 pm
Most scalps positive on 35-lot day trades of EURUSD. Still experiencing same type of execution problems. For example, the trader experienced many trade rejections in a row with the “off quotes” message – especially when trying to close out a position, even though the price had not moved by more than 2-pips [the maximum deviation […]
Day Trading on EURUSD
Posted by on November 14, 2006 at 4:38 pm
Trader today tried scalping 35-lot clips of EURUSD instead of GBPUSD. Even though the euro moves less than the pound, so the potential profit per trade is less, maybe the increased liquidity of the EURUSD might reduce the frequency of the “off quotes” rejections. I can only hope! Just received the trade log from Nigel […]
Finally a Losing Trading Day – YES!!!
Posted by on November 13, 2006 at 4:29 pm
Please don’t think I’m sick. I just feel that we need a losing trading day every once in a while to humble us up 🙂 Don’t you think? Feedback from trader: Many “off quotes” messages. “Off quotes” message also came up while trying to enter two trades that would have more than likely been profitable. […]
