MoneyTec Traders Community Forum - View Single Post - Is there any broker who is happy, even if you consistently win?

DW · 17-08-2006, 15:42

Mick, thank you for your response and your insite regarding my options. The brokerage I'm refering to is ACM. I'm using their own charts on their trading site. The lead is often much more than one or two pips. I won't trade when it's just one or two pips. The chart will often snap up or down 3-5 pips and still leave time (sometimes one or two seconds) to hit your fill direction. Like I said before, sometimes the platform price leads the charts and sometimes the chart price leads the platform. After a little observation you can figure it out pretty quickly. After the fill, if the price continues to run I will hold it and see where it will take me. A lot of the time that little snap plus another pip or two is all you'll get before it snaps back up to your fill price, once again leaving a split second to get out even or up a pip or two. I take several one pip losses, along with several break even trades, but in the end I'm coming out way ahead. This morning I pulled $7k in 30 minutes three hours after the New York open just to show myself that I can pretty much do this at will. I am not doing this (trading) during new release time, that is not my cup of tea. I tend to stay out of the market at those times, watch and wait for five or ten minutes and then join the crowd. No, the best results are a half hour before and up to about two hours after both the London and New York openings. GBP gives the best results on this platform and charting system. You can't do it very often with any other pair. They usually don't move quickly enough or when they move, it will be all at once. ACM does not have mini accounts. There have been several post that their demo system and their live system are two completely seperate animals. Or so I've read. So, I will try some of the other sites you recommended and try their demo system with various charting price feeds to see what happens. Oh, Onada was one of the sites talked about in . One fellow claimed he had been doing something similiar to this and was very profitable. He said he received a letter from them along with a check for his account balance and a phone call from a company rep that said he needed to hold his positions for more than five minutes??? I'm having a difficult time sorting out fact from fiction. Was it a traders imagination or did a broker in fact do something questionable.? I don't know. Anyway, I do appreciate your advice. I'm going to take your advice, thank you. We'll see how it goes. Any last thoughts or advice would certainly be welcome. I like this site and will continue to monitor it and learn from it, or from it's members I should say. Have a great and profitable day! Thanks Mick. A greatful DW

17-08-2006, 15:42	#23
DW level 1 Join Date: Aug 2006 Posts: 13 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Is there any broker who is happy, even if you consistently win? Mick, thank you for your response and your insite regarding my options. The brokerage I'm refering to is ACM. I'm using their own charts on their trading site. The lead is often much more than one or two pips. I won't trade when it's just one or two pips. The chart will often snap up or down 3-5 pips and still leave time (sometimes one or two seconds) to hit your fill direction. Like I said before, sometimes the platform price leads the charts and sometimes the chart price leads the platform. After a little observation you can figure it out pretty quickly. After the fill, if the price continues to run I will hold it and see where it will take me. A lot of the time that little snap plus another pip or two is all you'll get before it snaps back up to your fill price, once again leaving a split second to get out even or up a pip or two. I take several one pip losses, along with several break even trades, but in the end I'm coming out way ahead. This morning I pulled $7k in 30 minutes three hours after the New York open just to show myself that I can pretty much do this at will. I am not doing this (trading) during new release time, that is not my cup of tea. I tend to stay out of the market at those times, watch and wait for five or ten minutes and then join the crowd. No, the best results are a half hour before and up to about two hours after both the London and New York openings. GBP gives the best results on this platform and charting system. You can't do it very often with any other pair. They usually don't move quickly enough or when they move, it will be all at once. ACM does not have mini accounts. There have been several post that their demo system and their live system are two completely seperate animals. Or so I've read. So, I will try some of the other sites you recommended and try their demo system with various charting price feeds to see what happens. Oh, Onada was one of the sites talked about in . One fellow claimed he had been doing something similiar to this and was very profitable. He said he received a letter from them along with a check for his account balance and a phone call from a company rep that said he needed to hold his positions for more than five minutes??? I'm having a difficult time sorting out fact from fiction. Was it a traders imagination or did a broker in fact do something questionable.? I don't know. Anyway, I do appreciate your advice. I'm going to take your advice, thank you. We'll see how it goes. Any last thoughts or advice would certainly be welcome. I like this site and will continue to monitor it and learn from it, or from it's members I should say. Have a great and profitable day! Thanks Mick. A greatful DW Last edited by DW : 17-08-2006 at 15:46.