LOL placed a long on Euro, spread was 2.5. Order was long at 1.2709...I got filled at 1.2716. Seriously this slippage is fucked. One thing to get slipped on an ECN, but damn Oanda is a marketmaker, they are the counterparty. The quote I see IS THEIR bid/ask, it's not like I have to wait for someone to take my trade when I place it. Fuckin' cracks me up. How the fuck do they slip you on THEIR quotes? Oh well, they can take their 3-4 pips all they want. I'll keep taking theirs by the 50's and 100's.
Looking for possible long on EUR/AUD. Close to interest rate news at 7 and 7:45. It's been in a 50 pip range for a couple hours. Maybe I should be scalping?
Took 3 trades on EUR/AUD, 1 false start, 2 profitable. 2nd trade I set a TP, I was not able to monitor it. Up 96 for the day. http://i34.tinypic.com/2ai34ut.jpg[/IMG]
I'm long a bit but expect it could be bumpy. I think it's heading to 1.3500 area before resuming the decline. There will be pullbacks for sure though.
EUR/USD would retreat from 1.2960. Check why at thread on EUR/GBP (top). http://www.elitetrader.com/vb/showthread.php?s=&threadid=147036&perpage=6&pagenumber=4