Oh dear, now what's up with Oanda! Quotes >10 away from anyone else and slippage slippage slippage.......in effect it's a >20 pip spread on Eur/Aud
Sorry for the breaking the thread rule. Here is some info about myself: I've been trading on and off since 1992 and have traded everything: stocks, options, futures, forex, but recently been more active Nymex Crude, ES, ZB and EUR/USD (via IB IdealPro). I trade other fx pairs, but not that actively. I have a day time job and do this on the side, but planning on going full time once I become consistently profitable. I live near San Francisco California, but find that mid-UK to early-NY session provides the best moves, so I attempt to trade in that time interval if sleep/work schedule allows. My EUR/USD position size ranges from 50K for playing long moves (100+pips) to 300K for very fast quick 20 pip moves. I trade primarily on technicals, but do take fundamentals into consideration. I always use stops and never hold a trade for more than 6-8 hours.
Oanda are quoting a 12 pip spread but compared to other platforms they're way off with actual executable prices. Ah dear (sigh), Oanda got crap again......
Took profit just now @ 96.26. 250,000 from 89.73 to 96.26 = $16,961.03 125,000 from 89.24 to 96.26 = $9,119.34 $26,080.37 Not bad for a Tuesday.