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DislikedTomorrow, and tell me about it. I'm ready to shoot someone as there is a fantastic opportunity to buy on the Aud/Usd based on the weekly charts.
well, I guess I have a while lol.Ignored
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DislikedTomorrow, and tell me about it. I'm ready to shoot someone as there is a fantastic opportunity to buy on the Aud/Usd based on the weekly charts.
well, I guess I have a while lol.Ignored
DislikedHey, Markam,
Just popped in to check things out and saw your question. FXCM is supposed to open at 2AM EST (Frankfurt Opening).
M2BIgnored
DislikedI'm using FXCM for trading.
As you know, on weekend or holiday, just like christmas season, the broker closes it's station.
Usually I set stop loss and limit in proper level for my position.
I opened my long position before christmas holiday with SL and Limit and the price goes in my direction beyond +50 pips above limit during my broker's closing time and the broker just opened 10 minutes ago and my position was closed exactly at my limit price. It is normal ?
But I experienced before, they never protect my SL when the price went against my direction, they close it at market price.
So I asked my broker and they said they do not protect SL but protect(?) limit.
Do all other brokers do the same way?
Please advise me?Ignored
DislikedI'm no expert, but I can tell you they love to take your money. Most brokers are probably the same; it's just business and profit is profit no matter how it's made.
On a different note, it looks like shorts are in play, although if your just now realizing it, you've missed some profits already.Ignored
DislikedI'm using FXCM for trading.
As you know, on weekend or holiday, just like christmas season, the broker closes it's station.
Usually I set stop loss and limit in proper level for my position.
I opened my long position before christmas holiday with SL and Limit and the price goes in my direction beyond +50 pips above limit during my broker's closing time and the broker just opened 10 minutes ago and my position was closed exactly at my limit price. It is normal ?
But I experienced before, they never protect my SL when the price went against my direction, they close it at market price.
So I asked my broker and they said they do not protect SL but protect(?) limit.
Do all other brokers do the same way?
Please advise me?Ignored
DislikedGood Morning All.
IF price successfully clears the 'dangle' fib between 61.8 & 78.6 on 4hr, the 50fib & 61.8 fib on the weekly charts are next likely targets imo. Daily Gann hilo @ 227.52 & weekly @ 232.10 are likely resistance.Ignored
DislikedPossible resistance.....
200ema @ 228.13 on 4hr
Daily gann @ 227.52
Daily 50ema @ 228.71
Confluence of Weekly gann and 50ema @ 232.10
Will leave possible support areas for the bears to point out..Ignored
DislikedThe "dangle" fib area matches up very well with where the 4hr 200ema was during that time period . . .
P.S. - I like your avatar!
Ignored
DislikedThanx for pointing that out.
Other Possible resistance areas
Monthly Pivot @ 230.35
Weekly Pivot R1 @ 229.06
There are many more if we take fibs on the 4hr, daily, weekly etc into consideration but that would confuse the newbies. The ones already mentioned should suffice for intra-day trading.Ignored
DislikedI think the next major step might be getting a close above the 4H 200ema, instead of a "bounce back". Mine is 228.02, but there could be lots of deviation between brokers because of the holidays (unfortunately).Ignored
DislikedI see the next major step(ie, 50fib on weekly) if we get a close above 78.6 fib on 4hr chart. Otherwise back to 225 after consolidation around the "dangle" fib imo.Ignored
DislikedA third view would be the major US news coming up in 15 minutes.Ignored
DislikedSuicide bomb in Pakistan kills Bhutto. The news is coming across the wires now.....Ignored
DislikedSuicide bomb in Pakistan kills Bhutto. The news is coming across the wires now.....Ignored