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sunnym Oct 29, 2015 1:25pm | Post# 101

If you look at the order graph you can see that they have moved their stops. This is before the pin {image} This is now {image} The've gone from being between 1.0990-1.1000 To now being 1.1000 -1.1010 There scared that the market is gonna hit their stop because they see that this 1hour candle is bullish.
struggling to read the Oanda order book,any suggestions??

dagoods Oct 29, 2015 2:06pm | Post# 102

{quote} struggling to read the Oanda order book,any suggestions??

yeah an indicator with areas son the actual chart would be great

seahorse Oct 29, 2015 2:30pm | Post# 103

be back in 15 gotta go shop get some ciggs

Hi willo, good thread you have here.
PS: But you need to stop smoking or smoking less

seahorse Oct 29, 2015 2:37pm | Post# 104

{quote} struggling to read the Oanda order book,any suggestions??
Hi sunnym, hope the video helps.

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willo123 Oct 29, 2015 4:05pm | Post# 105

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Thank you seahorse and yes i probably do need to cut down a bit lol

It would be great if there was an indicator which plots the orders on mt4 but unfortunately i don't think one exists, will have a look around see if i can find anything.

Which part are you having trouble with sunny ?
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willo123 Oct 29, 2015 4:22pm | Post# 106

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Buy stops are above the pin now

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hazor Oct 29, 2015 7:41pm | Post# 107

Buy stops are above the pin now {image} {image}
I guess to be a valid long, price needs consume (engulf) the Flags....

Kind Regards...

willo123 Oct 29, 2015 7:50pm | Post# 108

Hi hazor not looking for longs looking for a short, checking the graph it looks as though the buy stops have been moved back to the 1.10000 - 1.10100 level

Still a bit risky for a short would prefer the stops to get hit around London open.

I take it your of the rtm teachings.

countex Oct 29, 2015 8:06pm | Post# 109

Congrats on a great thread. One question I have is:

Looking at the open position graph for long positions positions above the strike price are green and below are red. Why is that? Intutively, it should be opposite.

willo123 Oct 29, 2015 8:14pm | Post# 110

Thanks countex

Not sure if I know what you mean , the long positions above the current price represent traders who went long but are now at a loss whereas the longs below the current price are the ones who are currently at a profit (these are colored orange for me for some reason)

Dane Oct 29, 2015 8:19pm | Post# 111

Hi guys, Seems we are all in different locations around the world so while some are having a great discussion, others are out for the count. May I make a suggestion, when discussing points of interest and for the sake of continuity is it possible to include screen shots of areas or interest so that we can all pick up on the conversation when we return to the thread?

Cheers

Dane...

countex Oct 29, 2015 8:21pm | Post# 112

Yes, the orange ones.

OK, makes sense. so they are in the money, as the video also says. I was confused with my association of blue/green for bullish and red/orange for bearish.

Thanks




Thanks countex Not sure if I know what you mean , the long positions above the current price represent traders who went long but are now at a loss whereas the longs below the current price are the ones who are currently at a profit (these are colored orange for me for some reason)

willo123 Oct 29, 2015 8:44pm | Post# 113

Yh good idea Dane, cant post a screenshot right now because I'm on my ipad ,could you do me favour.

take a look at EUR/USD open orders and see if the large buy stops were hit on the pin bar an hour ago, having problems scrolling along on the
Graph atm doesn't seem to work properly on the iPad

seahorse Oct 29, 2015 8:47pm | Post# 114

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Possible first target 1.0900 what do you think?
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Dane Oct 29, 2015 8:54pm | Post# 115

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Yh good idea Dane, cant post a screenshot right now because I'm on my ipad ,could you do me favour. take a look at EUR/USD open orders and see if the large buy stops were hit on the pin bar an hour ago, having problems scrolling along on the Graph atm doesn't seem to work properly on the iPad
Sure thing, looks like stops were taken out in this move up, see below;

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Cheers

Dane...

willo123 Oct 29, 2015 9:06pm | Post# 116

Seahorse 1.0900 seems like a good target but I think your looking at the orders from a few hours ago.

Above where it shows the currencies you select to look at orders for you can see a small candlestick chart if you hover your cursor over the candles it will update the orders and positions for the candlestick your hovering over.

I only say this because on the graph Dane just posted you can see alot of buy stops at 1.1000 yet on the one you posted there back near 1.11000 could be some kind of problem gonna switch my laptop on and check now

willo123 Oct 29, 2015 9:10pm | Post# 117

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heres what im getting atm

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seahorse Oct 29, 2015 9:15pm | Post# 118

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Seahorse 1.0900 seems like a good target but I think your looking at the orders from a few hours ago. Above where it shows the currencies you select to look at orders for you can see a small candlestick chart if you hover your cursor over the candles it will update the orders and positions for the candlestick your hovering over. I only say this because on the graph Dane just posted you can see alot of buy stops at 1.1000 yet on the one you posted there back near 1.11000 could be some kind of problem gonna switch my laptop on and check now
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willo123 Oct 29, 2015 9:20pm | Post# 119

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yep thats the same as mine


Take a look at USD/JPY open orders

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willo123 Oct 29, 2015 9:25pm | Post# 120

I reckon some of the stops were taken out Dane seems as though alot were moved slightly above the 1.1000 level i think.

just goes to show how the psychology of people changes according to what the price action means to them


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