Dx has closed the bar outside the lows, that looks like it is going to move down another 0.8 points. That doesn't make shorting eu very attractive to me anytime soon.
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DislikedHi Uncaged eagle
I don't believe that retail brokers stop hunt, bc my stops are so tight at least once a week I wake up to find that my stop was missed by a fraction of a pip over night. Very rarely do I get taken out and then the trade continues in my direction. If I am taken out it's usually bc I am wrong.
Also if I saw that my retail broker had spiked the price lower than the what the actual price was then I would load up on longs and I suspect i would not be the only one doing that. I don't think that it would be in the financial interests...Ignored
DislikedAmy,
I've been following your thread for a few days now. My main interest lies in the indexes. As my broker's feed is somewhat different from yours, I would like to ask you what feed did you use for the latest S&P chart?
Thanks.Ignored
DislikedIt's the september ES contract that trades on the CME. My futures broker is Interactive brokers, they get the feed direct from the exchange.Ignored
DislikedThanks. I trade the S&P via CFD which means the prices are sometimes off by a few points, usually at night, of course.
By the way, when looking at the S&P, do you pay any attention to Nasdaq 100 (NDX) for confirmation/divergence? Pardon my ignorance if this has already been answered on previous pages.Ignored
DislikedAU is back inside the weekly highs. I don't really have a bias for long term direction on this pair at the moment but I think the fact that the S&P fell 20 points while this pair is only 20 pips lower than it was in the London session suggests a lack of sellers.
Also the same pattern which is making longs on the S&P a bit dodgy is going to make it hard for au to fall very far in this correction. Currently I am expecting au to move to next weeks green lows but while those lows stay above the monthly pp au is well supported to move higher off...Ignored
DislikedHi OvT
I am trading longs on au at the moment, 8706 gave me a long signal. SL below the lows. I am still thinking it needs to go higher before dropping but as you say the market shall decide.Ignored