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[primarylogic]

Originally Posted by TaoJin88

primarylogic, I lost 100 USD with this trade too bad

Don't trade all positions in one time, make a test first, then add positions.

[TaoJin88]

i will test this strategy in the next trade, i need some time to clear the trend first

[primarylogic]

British Pound Gets Killed by Retail Sales
The British pound came under aggressive selling pressure following the sharpest drop in UK retail sales in 22 months. Slower global growth, a deteriorating labor market and rising prices is taking a big toll on consumer spending. This will have a big affect on UK businesses and GDP growth in the second quarter. The advance release is due out tomorrow and based upon today’s retail sales number, GDP growth won’t be pretty. Despite the hawkish tone of the Bank of England minutes, there is no way that the BoE will risk raising interest rates in the near future. In today’s UK Telegraph, there is an article about how the Bank of England has room to cut interest rates. According to a key Treasury Adviser, the neutral level of interest rates is now below 5 percent. If the UK economy continues to deteriorate, as widely expected, the pressure on the Bank of England to cut interest rates will grow, especially if oil prices remain at current levels.
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[TaoJin88]

But GJ is still very strong, it goes up to 214 again

[primarylogic]

Originally Posted by TaoJin88

But GJ is still very strong, it goes up to 214 again

yes, because UJ up again, in most time, GJ follows UJ.
UJ move 1 pip, GJ will move2 pips.

[TaoJin88]

you are right, UJ dropped more than 10 pips now, but GJ dropped more than 70pips

[RebateFX.com]

Does anyone here know much about ECN trading? Should FXOpen become an ECN broker?

[primarylogic]

Originally Posted by RebateFX.com

Does anyone here know much about ECN trading? Should FXOpen become an ECN broker?

ECN use floating spreads., and brokers don't involve in the transaction,they provide Forex traders with a direct access to other Forex market participants, they get commissions for trading.

ECN will be a trend of development in the future.
However, for the current MT4 is more extensive.

[RebateFX.com]

I want ECN trading on MT4 at FXOpen. It would be a killer feature!

[TaoJin88]

what is ECN broker? never heard about it