thalestrader

FXCM Hi Folks, I have received a number of PM's regarding FXCM's recent decion to double or triple spreads on micro accounts. I have answered a couple, but I'd rather just have my say here in one post to which I can refer folks in the future without having to re-type anything. First, you can keep the low spreads if you deposit 10K with FXCM. I personally would never give a bucket shop more than a few hundred dollars. If you want a 10K account with a bucket shop, then you ought to take it from them, not give it to them. For the small, retail trader, bucket shops are for learning to trade. Futures are for trading for a living. If I were starting out as a trader, and I wanted to trade currencies, here is how I would do it: I'd set up a demo account with a Bucket Shop. I would trade only one pair, and it would be either the EURUSD, the GBPUSD, or the USDJPY, because these are the only three whose corresponding futures seem to have sufficient liquidity to make day trading a worth while pursuit. If I lived in the UK, and if I knew I would have acces to a futures broker who would let me trade Crude (CL), then I would add oil to the list of potential instruments. Again, I'd pick only one - I want to learn not only how to trade in general, but the personality and patterns of one insrument in particular. My daughter, for example, had her greatest success when she focused nearly 100% of her attention on just the EURJPY. Unfortunately, there is nearly no liquidity (yet) on the EURJPY futures. At any rate, once I could string together four weeks of net +50 pips profit on the demo, I'd go live with a small account. I'd set up a small account with BucketShop. I'd fund it with a maximum of $500 ($25 is enough - no reason to trade for more than dimes after all at this point). I'd set my leverage to no more than 50-1, preferably 20-1 (the smaller the better - this is myr learning account. I will make mistakes and I will have losses, so I want to keep my size as small as I can). My goal is learning to trade and achieving consistent profitability, not to win a contest or otherwise get rich quick. Once I could string together four weeks of 50+ tick profit net, I'd fund a small futures account. I'd find a broker who has good customer service and offers a demo/sim live account alongside the real account. Interactive Brokers, Infinity, and OEC seem to have a decent following among TL traders. I'd do some research, search the forums, ask some questions. After I could string together four weeks of +50 ticks net profit trading a sim 1 lot (and I must not forget to figure in commissions if my sim platform does not do so for me - If I'm paying, for example, $6.25/round turn and it took me 30 trades to make 50 ticks gross, I have only achieved 35 ticks net. If I am paying $9.00/round turn, I have only netted 28.4 ticks profit. This must be 50 ticks net after commissions and fees (and I will make sure I know for certain what my "all-in" round turn cost per contract is before I fund my account - I want to get it in writing, at least in an email from my broker. After four weeks of sim with an average net of +50 ticks, it is time to go live. Once live, I'd increase my position size every four weeks of net +50 ticks. If I ended any week down by 50 ticks I'd quit, for the rest of the week, and I would come back the next week trading reduced size until I could put together two back to back +50 tick weeks. Every four weeks of +50ticks/week, I'd add a contract. Remember, the 6B trades at half the tick size of the 6E, so if I want to trade 12.50/tick and I had selected the GBPUSD, I'd trade two contracts, and then double that to four contracts after four weeks of profitability. But I can do anything you wish - I could trade one 6B, and work up from there. Nothing I say here is writ in stone or smoke or anything else until I actually put the plan in motion, and even then, I can always revise the plan in the interest of reducing or increasing risk if my actual results dictate that such a change would be prudent and beneficial. Each of you have to make your own decision. I am just saying what I would do if I were to do it all over again. As far as which bucket shop, with the change in spreads, FXCM is no longer a shop of choice, so any Bucket is likely as good as the next. I know a fw here use Oanda. I like Oanda's flexible position sizing. We had problems at Oanda because you never know when and how far Oanda will widen their spreads. I admit that except for NFP and GDP announcements, I tend not to know what is going on with respect to the news. Trading futures, this typically has no effect on my trade, my position, my stop loss, etc. But in Bucket Shop world, when news is pending, spreads can widen to however many ticks the Bucket shop wants - and this can trigger a transaction in your account at a level that would never have occurred on an exchange regulated futures contract. If you do not know what I mean, open an Oanda demo account, and watch the spread before any news pending data release. I've seen spreads go 50-60 pips, and that was during a very brief trial of Oanda. That is more than enough to trigger an otherwise sensible stop loss/stop entry order, though the real market never traded there. As always, trade at your own risk (and be mindful of the risks). Best Wishes, Thales

Nice, Kiwi. So you are entering on the test of the BO level, but not he initial BO, or am I misinterpreting your chart? Best Wishes, Thales

Hi Rigel, I've never been too comfortable with the notion that markets are being manipulated. I think what Taylor noted was a natural ebb and flow of human market activity. It really doesn't matter whether one feels the markets are manipulated through a trading cycle, or if the trading cycle is something that simply occurs and re-occurs more or less regularly and naturally for our purposes, but I just wanted to note that I do not feel that it is overt manipulation. You are right, today is Short Sale day for CL, and it has achieved as much of its decline as it needs in order to satisfy the cycle, but it does have room for further decline as well. As far as time frames go, I feel that the 15 minute is a good view on which one will learn to see important and repeating patterns of price behavior and also be able to learn to recognize levels and zones of support and resistance. But I do not think in terms of "bars" or "candles". Again, to reference Atto's post that I linked to in my immediately preceding post, he says he views price as flow. I cannot think of a better way of understanding price. The time interval is unimportant, irrelevant. What I chose to put on my chart will depend upon how much "history" I want to see. I can as easily trade from a 1 minute or a daily bar chart. The manner in which I select and enter trades ia based solely on where price is and how it got there and how it is acting at the moment. MCM asked about the "60 minute candle" and do I "move down time frames" and the answer is that if I am attentive and watching and I know the price levels of inerest, I can watch a price movements recorded on a 60 minute bar a daily bar, a weekly bar, a monthly bar, a T&S window, DOM, ticker tape - it does not matter. The only reason to move down a time frame is so that you can see what you may have missed. Even when I referred folks to a 5 second chart above, that is really just to get them closer to the "now" as I read it off the DOM, or as an old timer would have read it off the ticker. So at times you may find me watching a 15 minute chart. Other times I may be watching a 40 tick range chart. Still others, I'm sitting here watching a daily chart. When price nears a level of interest and I start looking for an entry, I am usually just looking at the DOM. In the end, I trade from the DOM. Charts simply provide an easy to read summary of price's travels across the middle of nowhere while I wait for it to arrive at a more interesting level from which I may take action. Best Wishes, Thales

As far the location of the trade, I think the chart I posted last night shows fairly clearly that the decline on the 6J (and hence the rally in the USDJPY spot) was coming into an area of potential support. That is the primary consideration - where is support, and where is resistance. While I scale out as price goes in my favor, my ultimate target is the red resistance zone noted on the chart in my last post. Proportionally, the decline looked to be at a point where it might at least pause, if not reverse, and if one where to check it with a fib retracement tool, you will no doubt find that price was at or near the 61.8% retracement. Now, I do not act on fibs alone. Fibs have no relevance if there is nor S/R, in my opinion (other than range mid-points). It also did not hurt that I had an email from richbois Friday afternoon that read, "Hey look at 6J over the weekend vs Yen - Good long on 6J or short on Yen." Again, I do not act on TTT alone. But when the cycle and the TTT levels coincide precisely with a test of an S/R zone, it always gets my attention. So as far as why I entered where I did, I had, first and foremost a decline into Support. Add to that a significant fib level, TTT level, and TTT Cycle, and that is all I need to watch price for sign that it is ok to enter, which brings me to your real question, which is what you refer to as a "trigger." I have basically one main "trigger," and that is a "123." I also use what I consider to be a subset of the "123'," and that is what Trader Vic refers to as a "2B." Here is how a 2B works: In this case, price broke the prior day's low. When that happens, and when that low is at or within a support zone, Trader Vic would say to place a buy stop one tick above the now broken low, because if the prior day low breaks and quickly reverses, you have a high probability that the decline is, at least temporarily over. I look at it this way: a 123 presents itself by printing a low, a high, and then a higher low. Te trigger is a buy stop above the high, as that would be a higher high and the first indication that the trend may have changed. A 2B, when a prior low is broken and quickly reversed, is an early indication that price may be ready to present a 123, as the 2B anchors a possible low, from which we now await the high and the higher low. Now, as I have said many times before, these patters exist at all levels of trend or degrees of swing. In the case of the 6J trade, I entered watching the DOM for either the first sign of a 123 at support, or a 2B type entry. I was telling someone yesterday that you do not need to use a DOM. Atto made a very good post a day or so ago in another thread that can be found at this link: http://www.traderslaboratory.com/forums/f34/price-action-traders-what-actually-7618.html#post91488 In that post, Atto mentions using a 5 second chart. Now, a five second chart would be of little use much of the time. I do not know, of course, but I doubt that Atto is constantly peering at a 5 second chart all day. I would guess that he uses that chart much as I use the DOM - when price gets to a level of interest, he uses that 5 second chart to gauge whether his play should be long, short, or to stand aside. I think you could look on a 5 second chart for what I am looking for on the Dom - I want to see that price has done something to indicate that support is holding or breaking. I decided just now to take a look at a 5 second 6J at the time I made my long entry, and lo and behold, you will easily see a 2B, and the a 123. I entered on the tiny 4 tick range 2B (I did enter a tick or two early). Had I missed that, I'd have entered on the somewhat larger 123. And that is really all there is to it. S/R gives me the location and 123's and 2B's tell me when it is time to go (and more importantly, when it is time to get out). Yes, I find fibs helpful. Yes, I find TTT to be an excellent tool. But in the end, all you really need is a chart. If you are able to see support and resistance, the only other thing you need to know is how do you get into a trade with a known risk - that is what the 123 and the 2B give you. After that, it is up to you, your emotional control and your discipline. I see you mention "60 minute candle." I will respond to the time frame issue in my reply to Rigels's post below. Best Wishes, Thales

Still long this (long 6J) - 1/3 PT at +30 filled, 1/3 PT +90 filled, stop on remaining 1/3 is +45 from my 11031 entry with a +140 PT. Here is how I planned it ... Best Wishes, Thales

Lets' continue with the fishing metaphor. Fishing is a wonderful metaphor for trading, whether fly fishing, bait casting, bow fishing. After all, trading forums are known for trolls (ugly creatures who hide beneath bridges), as well as those trolling for followers the forum's waters with a long line with hundreds of hooks and success scented bait (only the scent, not the real thing) hoping to hook hungry followers. I think that Cory is having difficulty identifying which way the current is flowing and where the underwater hazards are likely located. Rather than study the waves and eddies, the shadows and reflections to discover these flows and these hazards, he is trying to substitute how he moves the fly once in the water for learning where to place it in the first place. Translation: Cory needs to build an awareness of the underlying structure of price action. He needs to start recognizing the patterns that repeat over and over and over. An exercise not unlike what one ses in the "Trading in Foresight" thread would no doubt be helpful, i.e. before he even considers himself ready to begin the trading day, he should have a plan that identifies nearby S/R, and what he is looking for, and what he will do if he sees it. Let me use an an example, his NFP short - if you are short, and price test, perhaps even digs into the prior day's low and bounces, that is a sign you might want to take profits. If you instead stick with the short, and price again probes the prior low, making a new low by even a tick, and price again reverses, that is not only a sign that you do not want to be short, but it is a sign that you want to be long! TTT or no TTT, Elliot wave or no elliot wave, fibs or no fibs, a lower low that is rejected by the market twice in quick succession is a sign that higher rather than lower prices is the most likely immediate outcome. All of which reminds me of a story. One upon a time, back when I was a young and nearly newly minted commodities broker in Manhattan, my manager took me to the floor of what was then the old Coffee, Sugar, & Cocoa exchange to meet a buddy of his. I do not recall what his buddy was trading, but I think he was a coffee trader. At one point the pit became a wild mass of animated agitation, and the chatter grew into a roar, louder and louder until it seemed as though everyone was screaming at one one another. My manager leaned over and spoke loudly in my ear, "price is dropping like a rock!" Everyone was in a frenzy. Everyone, that is, except my manager's friend. He stood there, holding his pad and pencil between laced fingers, his arms and hands otherwise relaxed and held at his belt buckle, a slight smile on his lips. I could not understand - these other folks were going nuts, and he looked almost amused. Then, out of nowhere, he came to life and charged into the crowd, screaming and scrawling and pointing and screaming some more. Then, less than a minute later, he calmly walked back to us, continued to jot down some notes. Occasionally looking up, raising a finger, nodding, and making a note in his pad. After some time, we left for lunch. My manager's buddy was very happy, a laughing, back slapping giant. It was clear from their demeanor that a good many of his trading colleagues were not so happy. One, I thought, looked close to tears. At lunch, I asked him about what I had seen. He told me that the pit had panicked on a crop report or weather report or some such thing the specifics of which I do not recall, and that the market sold off hard. I knew from how happy he was he must have made a killing, but why, I wondered, had he waited so long to get in on the action? Wanting to show off to him just how much I had learned from my Series 3 classes, I asked him why he waited so long to go short also. He laughed and said, "Son, I didn't short anything - I waited till the low was in and then I bought - I started buying four ticks from the bottom, I sold them on the way up, and here I am with you guys." This was astonishing to me. How could he have bought just four ticks off of the bottom? How did he know? Wasn't he scared that price would just kep dropping? Well, I asked him, and here is his answer, more or less: "When price can't hold a new low for even a minute or two, that new low is not bearish, and when price can't hold a new high for even a minute, that new high is not bullish." "How did you know that would be the low? What if it had not rallied and instead dropped again?" I said, thinking myself very smart. He looked me in the eye and said, "I would have sold them out and gone to lunch early." I wish I could say that at that moment in 1996 or 97 that the gates of trading glory opened to me and I learned well the lesson taught to me that day and that its been nothing but profits and plums for me ever since. But, unfortunately it was a lesson taught but not learned, and it took years for me to put into practice the details from what had been a very vivid presentation of support and resistance and how to trade them. Vivid, that is, to all but the blind such as I was at that time. That trader knew what level to watch. He was not interested in doing anything until price got to that level. And even then, he waited until there was a sign that his level would hold. Even then, he knew that the bounce might not stick. But he also planned that if the bounce he bought didn't stick he could fold his hand and lose nothing more than his ante. You can have the right tackle, your casting technique can be of the most exquisitely executed double haul, but if you insist on casting into the weeds and against the current, you'll be continually frustrated by the snags. Best Wishes, Thales

And this is how a short sequence looks on the USDJPY at the moment ... Best Wishes, Thales

You read O'Neil in high school. That is all I needed to hear. One would presume that a discussion of Buy and Hold might benefit from a discussion of alternates to the approach. Best Wishes, Thales

Hi Folks, Here is what an early long on the 6J looks like (JPYUSD futures which trade inversely to the USDJPY). Best Wishes, Thales

No problem, that's what makes it a market. At least you admit that you are not qualified to pass judgment on the approach so others will know to investigate and decide for themselves. Best Wishes, Thales

No need to be sorry, and I certainly understand your frustration. What I am trying to lead you to his this: You need to know where price is in the eys of the folks who have been trading the EURUSD since it was basically the Deutsche Mark. The day runs 5PM-5PM. This is important, because it will let you know how to find prior daily highs and lows on your intraday charts. That is your next step. Go back and find the daily highs and lows and mark them on your chart (if you are using Ninja, there is an indicator that will let you do this. Make sure you set your chart properties to 5PM session start and 5PM session end. Best Wishes, Thales

On diversification I agree with Gerald Loeb, and William O'Neils's formulation that "Diversification is an excuse for ignorance." Watch any bull market, and you will find that there are typically 1-3 sectors/industries that outperform by far the rest of the market. Why buy from under performing sectors just for the sake of being "diversified." Gerald Loeb's recommendation was to "put all your eggs in one basket, but watch the basket" Again, this all assumes someone wishing actively to watch his or her basket, which includes the ability to distinguish a chart printing price from lower left to upper right from one printing prices going from upper left to lower right. Best Wishes, Thales

You ought to read and understand O'Neil before you critique the approach. IBD's approach uses very specific criteria for quickly cutting losses, and very specific criteria for distinguishing confirmed uptrends from downtrends. And it will be no news to anyone who has been buyng stocks for more than 6 months that the leading stocks in a raging bull often lead to the downside in a rabid bear. By the way, there are few things easier in life than distinguishing a chart where price is going from lower left to upper right from a chart that is going from lower right to upper left. While no one knows how long or how far a bull or bear swing will carry, it is nonetheless very easy to distinguish a bull swing from a bear a bear market. How realistic it is to implement will depend, like everything in trading, on the individual and his or her discipline and ability to trade according to the plan rather than one's fear, greed, or desire to be right rather than flat. Best Wishes, Thales

In addition to sevensa's suggestion (this must be close to the seventh time he's shared it with you), I would also suggest that no plan will help you if you trade with what seems to be utter disregard for what I call waves or swings, what others call market structure, what still others call context, etc. For example, do you know what the bell to bell time is for currencies - that is, we know that foreign exchange trades 24 hours/5.5 days per week, but when is the "open"? The "close"? And by open I do not mean when do you roll out of bed and by close I do not mean when do you head off for some afternoon delight. I mean do you even know when one day ends and the next begins in the minds of the pros with whom you are playing? Here's another one - without looking at you chart - do not cheat - without looking at your chart - where were your first long trades taken in relation to the prior day's low? Where was your NFP short entry in relation to the prior day's low? Where was price in relation to the most recent pivot high and pivot low? I don't mean little swing highs and lows, I mean where did the market last pivot from a sustained LH's and LL's to a sustained run of HL's and HH's? Where was price when you were trading in relation to the midpoint of that range? What was your plan for the day? For what its worth, I got long at the same level more or less as you did on your 2 or 3 long trades made during the Tokyo AM. I intended to risk 1R on the trade, but I came to my senses and pulled out with a negligible profit (some contracts filled at +1 tick, others at +/-0,so after commissions, we were talking pennies to the good). I say "came to my senses" because I usually will not enter prior to NFP. I did so because I was expecting that the ultimate direction for the day for the EURUSD to be a rally. However, after about an hour in the trade, watching vacillate from +12 to -8 and back again, I realized that if it were going to rally, it would already have started. Since it was not showing signs of impulse (hardly had signs of a pulse) I decided to pull it off the table and wait until the morning. I had one trade on the 6E Friday, and it was a long, entered after NFP on a limit order placed before NFP. I closed 1/3 at 1.3590 and 2/3's at 1.3602. It was all according to plan (albeit an imperfect plan, as it was Friday - I'd have held it rather than closing it when I did had there been another day in the week). I was liquidating the longs when you were making repeated attempts to go short. So we were both selling at the same time, but I was selling to get flat, and you were selling to get short. Opening a new position at the time of the day at that time of the week never occurred to me. Best Wishes, Thales

Are you labeling each half position as a separate trade, or when you show, for example, "trades 18-19," is that two different trades? Best Wishes, Thales

At least currently oil is one of the easiest markets I've ever day traded, but it can be quick to punish you when you are wrong - do not trade it without a stop that goes into the market at the same instant you go into the market ( a small intraday leg can easily be the equivalent of 10-12 ES points). It is also very uneven in terms of liquidity. I never know whether I am going to be filled on a stop at the tick or a nickle a way. Today I had a buy limit get filled one tick below my limit order and my trailing sell stop was filled one tick above my stop price. That is the second time this week I had positive slippage on both ends of a trade. But I also have had a buy stop get filled a nickle above the stop price and my stop loss get filled with negative slippage of 5 ticks, though not in the same trade. But I agree, Brownie. All in all, Oil is one slick trade right now. Enjoy it while it lasts. Nat gas was the same way four years ago and then seemingly overnight it turned into the ES. The ES, by the way, has, in my opinion, become more and more unpleasant to trade. Best Wishes, Thales

An active swing trading approach that focuses on the strongest stocks technically such as CANSLIM/IBD100 will out perform buy and hold in all markets. Buy and hold is an approach that will basically match the performance of the general market within a statistical margin of error. From the late 1860's until 1929, the general market had a slow but steady uptrend, and as a result, buy and hold was very rewarding. From 1929 through 1932, a terrible bear market, buy and hold was devastating. After the 1932 bottom until 1999, buy and hold was very rewarding, as again, the market was in a slow and steady uptrend. From 2000-2009, buy and hold was devastating, with very few issues showing a gain, and most showing major losses had they been bought and held through that period. From the 2009 bottom until - who knows, 2069 (your guess is as good as mine) the market will be in a slow but steady uptrend, and buy and hold will be wonderfully rewarding. But, an active approach that trades in only the best issues (CANSLIM/IBD100) and goes to cash during cyclical bears will outperform buy and hold over the same period. But I do believe it is likely once again safe to buy and hold. If the Dow and SP follows the R2K and Nasdaq Comp to new highs, I would consider my current opinion to be confirmed. Though I am always willing to admit that I am wrong should the evidence of the tape prove me so. But right now, believe it or not (and I am having a difficult time believing it myself) we look to be in the next Big Bull. Best Wishes, Thales

I'm willing ot go to be risking 1R on this long EURUSD (trading 6E) - Don't bother waking me if I am stopped out... Best Wishes, Thales

Hi folks, I had a nice short on the 6E over night into the morning, and then I did just a bit better than break even on the 6B, taking a small loss on a long and a small profit on a short. Here is the one that got away, though not for much at this point. TTT had the 6E on a Buy day, and as such, the expectation was for a decline to buy into for the next three day rally (As Rigel has mentioned, too many folks get frustrated with Taylor because they think that a Buy Day should bring a rlaly, not a decline, when in fact the ideal Buy Day sees a continued decline from the short sale day high - which is exactly what we got today). TTT gave a 100% chance of a 1.3548 low, so I had buy limit at 1.3549. Actual low was 1.3550 (a difference of two ticks out of an average 189 tick decline short sale day high to buy day low), which was a pretty nice call considering I was able to sell the 6E at 1.3711 last night (I didn't post it, so you can choose to believe it or not). As far as the buy limit, I usually place my orders 5-10 ticks above/below a TTT level, especially when the TTT is, for example, below an S/R level, in this case the TTT target was below the mid-figure at 1.3550. Anyhow, shouldawouldacoulda I did close the short at 1.3571 when it became apparent that price was not going to give me a dip below 1.3550 before the NY close. I'd have liked to have had a chance to be long at 1.3549 with a stop at 1.3547, but what I would like and what the market gives me too often diverge in reality (though when I see 100% odds I do tend to get a bit cocky with my orders as I really like when I buy a tick or two off a low - what can I say, I just a human being, after all). Tomorrow is NFP, so it should be an interesting day! Best Wishes, Thales

May I ask how you determine your stop loss? Best Wishes, Thales

I think, though I may be wrong, that Jon enters on the re-test rather than the break. In other words, rather than trading the break of the "2" point, he waits for the break to occur, and then he enters on a limit order placed near the break point, looking to sell on the re-test. If so, then that makes it very easy to see these opportunities. I sometimes enter the same way if I missed the break up or break down. Best Wishes, Thales

With bucket shops it makes all the difference, especially when you are trying to cut a bad trade loose or you want to really ratchet the trailing stop in close to the market - The spread is the spread, and you will pay the spread on every trade, no matter what the marketing materials say. This isn't like Globex where I often find I have bought the low tick or sold short the high tick of a swing because at each price there must be one at least seller selling and at least one buyer buying. We are talking Bucket Shop world, and in Bucket Shop world the only one who sells the top tick is the market maker, and the only one who buys the low tick is the market maker. In Bucket Shop world, it is always a cusotmer who has sold short the low tick and it is always a cusotmer who has bought the high tick. In fact, there are usually hundreds of customers who actually sold short below the low tick as recorded by your market maker, and there are likewise hundreds of new longs that were filled at prices above the high recorded on their charts. Now those "fills" will be that much more above or below reality. Also, for what its worth, I'd never give a bucket shop more than a few hundred dollars. If you want a 5K account at a Bucket Shop, you need to take it from them, not give it to them. If you have 5K, trade one lots of futures to build the account. Best Wishes, Thales

I didn't see that about the pip reduction, so she'll be fine. I do have a little futures account set up for her. School is out in 3 1/2 months, so I guess we'll wait and see whether she wants to make the move to futures this summer, or if she is going to stay with spot. My currency trading friend is done with them, though. He's been moving most of his volume on futures anyway, and was using FXCM for Yen pair trades. I just spoke with him and he says that if he does Yen-pair trades he'll just do them in his IB account. Best Wishes, Thales

Hi Folks, I just received an email from FXCM that micro spreads will be increasing on March 21 to the spreads used on the standard accounts. So for those of you who had been enjoying relatively fair pricing by using micor, it is time to look for a new bucket shop. MidK seems pleased with Interactivebrokers, though new traders learning to trade with very limited anounts of capital may be hamoered by IB's margin requirements. If you have at least a few thousand in risk capital, it might be a good time to consider moving to futures - the 6E, which tracks the EURUSD, trades at 12.50/tick, and the 6B, which tracks the GBPUSD, trades at 6.25 tick. Anyone else who would care to share suggestions should speak up here for the benefit of the others. Best Wishes, Thales

Just remember that as a matter of full disclosure, richbois is a vendor who does sell a service based on TTT. That doesn't make him a bad guy (I happen to think very highly of richbois), but I want to make sure we avoid any commercial intent in this thread, and that we keep any TTT discussion to real time trades at hand. Best Wishes, Thales