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  • #70,521
  • Jan 1, 2019 7:41am Jan 1, 2019 7:41am
Quoting emicovi
Investing.com price at 1.1515 can I know how the price moves when all the banks today are closed ?
Orders are always open and give an indication of the price. It would be more accurate to say that liquidity providers that are used by forex companies have their public dealing offline.

Quoting Oc6oph
EURUSD monthly chart. Couldn’t remove my order lines should be stopped out of my short. {image}
Who is your broker? At the present time I can change stops, limits, orders, etc. Are you sure your broker doesn't allow you to do this at pre open? Worthwhile calling them up - often they can do things over the phone that you cannot do on their dealing platform.
  • #70,522
  • Jan 1, 2019 7:46am Jan 1, 2019 7:46am
Quoting Starcraftmaz
{quote} Orders are always open and give an indication of the price. It would be more accurate to say that liquidity providers that are used by forex companies have their public dealing offline. {quote} Who is your broker? At the present time I can change stops, limits, orders, etc. Are you sure your broker doesn't allow you to do this at pre open? Worthwhile calling them up - often they can do things over the phone that you cannot do on their dealing platform.

And who opens orders when all banks are closed?
  • #70,523
  • Jan 1, 2019 7:46am Jan 1, 2019 7:46am
this what XE.com provides https://en.wikipedia.org/wiki/XE.com not sure it has any reference to spot fx prices
  • #70,524
  • Jan 1, 2019 7:47am Jan 1, 2019 7:47am
Quoting Starcraftmaz
{quote} Orders are always open and give an indication of the price. It would be more accurate to say that liquidity providers that are used by forex companies have their public dealing offline. {quote} Who is your broker? At the present time I can change stops, limits, orders, etc. Are you sure your broker doesn't allow you to do this at pre
open? Worthwhile calling them up - often they can do things over the phone that you cannot do on their dealing platform.
I use Oanda MT4, do you think 1.15 is the accurate price? Frustrating it’s moved so much while market closed
ex nihilo
  • #70,525
  • Jan 1, 2019 7:52am Jan 1, 2019 7:52am
Quoting Starcraftmaz
{quote} Orders are always open and give an indication of the price. It would be more accurate to say that liquidity providers that are used by forex companies have their public dealing offline. {quote} Who is your broker? At the present time I can change stops, limits, orders, etc. Are you sure your broker doesn't allow you to do this at pre open? Worthwhile calling them up - often they can do things over the phone that you cannot do on their dealing platform.
tell us who your broker is who allows to change orders pre open?
  • #70,526
  • Jan 1, 2019 8:00am Jan 1, 2019 8:00am
Quoting Starcraftmaz
{quote} Orders are always open and give an indication of the price. It would be more accurate to say that liquidity providers that are used by forex companies have their public dealing offline. {quote} Who is your broker? At the present time I can change stops, limits, orders, etc. Are you sure your broker doesn't allow you to do this at pre open? Worthwhile calling them up - often they can do things over the phone that you cannot do on their dealing platform.
What? U cannot modify or set orders when market is not open. Just have to wait and pray if u have position open. This is not good looking at xe.com price is up like 80 pips from initial market close never seen that happen before i dont think it will gap up this much should come back.
  • #70,527
  • Edited 8:52am Jan 1, 2019 8:37am | Edited 8:52am
Quoting gio123
{quote} tell us who your broker is who allows to change orders pre open?
IG

Quoting Oc6oph
{quote} I use Oanda MT4, do you think 1.15 is the accurate price? Frustrating it’s moved so much while market closed
It's 1.153 already and yes it's accurate - that is to say if the market were to open right now, it would open at that price and any orders or stops or limits that would be triggered would do so around that price. What happens afterwards is anyone's guess.

Of course it could come back down before the market actually opens (or continue going up!).

Quoting MrAashir
{quote} What? U cannot modify or set orders when market is not open. Just have to wait and pray if u have position open. This is not good looking at xe.com price is up like 80 pips from initial market close never seen that happen before i dont think it will gap up this much should come back.
I am no expert at this and public holidays don't happen often, but anyway I believe the market is not technically closed - it only ever "closes" for 34 hours over the weekend (and even that is only a public close).

See screenshot attached, if market were closed it would be red not blue. When blue, IG allows editing of all positions and changing orders.

80 pip gap is not that high, happens every now and again. Better question is why exactly, and the reason I think is for big banks to eat people's stops and lock them into longs before going back under.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190102-013624_IG Trading.jpg Size: 282 KB


I'm 100% sure if a broker wanted to they could allow you to trade right now - it's just very common practice that brokers will close their dealing desk on public holidays because their staff are not in the office.

That and spreads would be massive I would imagine.

But the underlying market is open right now - it is not closed just because it's new years day. Technically speaking you might say it's always open. If big banks wanted to transact during the weekend they could, nobody is going to stop them. And the price they choose to transact at will then be the current price at that time.
  • #70,528
  • Jan 1, 2019 8:45am Jan 1, 2019 8:45am
Quoting Starcraftmaz
{quote} IG {quote} It's 1.153 already and yes it's accurate - that is to say if the market were to open right now, it would open at that price and any orders or stops or limits that would be triggered would do so around that price. What happens afterwards is anyone's guess. Of course it could come back down before the market actually opens (or continue going up!).
i had my stop at 1.1480 would this be triggered or will i have to close at 1.153?
ex nihilo
  • #70,529
  • Jan 1, 2019 8:47am Jan 1, 2019 8:47am
Quoting Oc6oph
{quote} i had my stop at 1.1480 would this be triggered or will i have to close at 1.153?
If it opens at 1.153 it closes at that price not 1.1480, for stops or take profits
  • #70,530
  • Jan 1, 2019 8:56am Jan 1, 2019 8:56am
Quoting Starcraftmaz
{quote} WOW 1.151 now It has never felt so good to be right Does anyone know why the gap though? I think 1.152 will be a good target before some correction or retrace, but who knows.
Great being right I think the mark up is due to trump not getting his money for the wall? That's my guess but who knows? I cant wait for the open
Attached Image (click to enlarge)
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  • #70,531
  • Jan 1, 2019 9:03am Jan 1, 2019 9:03am
One of the sites posted a forecast for the opening of the market in January 2019 at the level of 1.1320
  • #70,532
  • Jan 1, 2019 9:03am Jan 1, 2019 9:03am
Quoting venividivici
{quote} If it opens at 1.153 it closes at that price not 1.1480, for stops or take profits
I am curious about this "price action" as the EUR Futures price (EC March 19)closed at 1.1539. Not EURUSD.
  • #70,533
  • Jan 1, 2019 9:13am Jan 1, 2019 9:13am
The market is gapped up because Italian budget is approved. This used the only reason.
  • #70,534
  • Jan 1, 2019 9:20am Jan 1, 2019 9:20am
"Guys can we stop the rants about the price? Please understand that the price shown here on investing is the exchange rate used by exchanges and bankers. The real price for us, retail traders, is currently at 1.1429 with a daily low of 1.1413, but I believe the opening price will be lower than that (~1.139-1.143). So sellers, relax, if you have open sells you're in profit. Happy New Year and trade safe. "

also: https://www.bloomberg.com/quote/EURUSD:CUR
  • #70,535
  • Jan 1, 2019 9:22am Jan 1, 2019 9:22am
looooool look what just happened. AHHAHAA
  • #70,536
  • Jan 1, 2019 9:28am Jan 1, 2019 9:28am
OMG what was that.
  • #70,537
  • Jan 1, 2019 9:29am Jan 1, 2019 9:29am
Quoting emicovi
"Guys can we stop the rants about the price? Please understand that the price shown here on investing is the exchange rate used by exchanges and bankers. The real price for us, retail traders, is currently at 1.1429 with a daily low of 1.1413, but I believe the opening price will be lower than that (~1.139-1.143). So sellers, relax, if you have open sells you're in profit. Happy New Year and trade safe. " also: https://www.bloomberg.com/quote/EURUSD:CUR
Thank you man for this I hope you’re correct I’d be down 40% of my account. I was really freaking out
ex nihilo
  • #70,538
  • Jan 1, 2019 9:49am Jan 1, 2019 9:49am
Happy International Hangover Day!


Green Acres is the place to be.
  • #70,539
  • Jan 1, 2019 9:57am Jan 1, 2019 9:57am
Quoting TheLaw1
{quote} I am curious about this "price action" as the EUR Futures price (EC March 19)closed at 1.1539. Not EURUSD.
Happy New Year

Looking at premarket - funny odd dump.
1.1540-1425 in minutes??? WTF.
LOL.

It's fake i think.
Just few banks in Surinam and Hawaii swapping 3 lots of Euro 😱😂

See pound etc?? Not moving.

Any news though?? Could be.....

Futures reflect spot price, so nothing to ponder . 1.1539 would equal 1470 approximately spot. At closing 31st Dec.

Will see after midnight.
Relax

My chart points up (and correction low too) but can't post due to FF bad interface.
Beware of robber banks (RB), bad advisors.
  • #70,540
  • Edited 10:45am Jan 1, 2019 10:21am | Edited 10:45am
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