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  • #137,141
  • Jul 30, 2021 8:42am Jul 30, 2021 8:42am
Current 4hr candle needs to close below 1.18430 for us to get a drop to 1.17850
Risk comes from not knowing what to do
  • #137,142
  • Jul 30, 2021 8:44am Jul 30, 2021 8:44am
Quoting yvestrcz
Last entry of mine on the broker subject. Anyone familiar with https://www.icmarkets.com/global/en/? They claim to have the lowest commissions on the market, only 0.3 or 0.35 pip spread expressed as so called commission. Trade safe!
I use Icmarkets and like Ata's broker, they rely on commission, the commission is equivalent to 0.7 pips.
Risk comes from not knowing what to do
  • #137,143
  • Jul 30, 2021 8:44am Jul 30, 2021 8:44am
Quoting Ata-Turkoglu
Just went long at 1.1879... Mental stops at least 18 pips or lower.. TP: Open..
Closing with +5 pips.. I still take things very carefully.. Don't forget: It is a "Friday"
Focus only on what truly matters!
  • #137,144
  • Jul 30, 2021 8:46am Jul 30, 2021 8:46am
Quoting Austyno
{quote} I use Icmarkets and like Ata's broker, they rely on commission, the commission is equivalent to 0.7 pips.
Brother ooo.. not my broker, I am not that rich yet .. Just say Tickmill next time
Focus only on what truly matters!
  • #137,145
  • Jul 30, 2021 8:51am Jul 30, 2021 8:51am
Quoting Ata-Turkoglu
{quote} Brother ooo.. not my broker, I am not that rich yet .. Just say Tickmill next time
, I think they get the point
Risk comes from not knowing what to do
  • #137,146
  • Jul 30, 2021 8:54am Jul 30, 2021 8:54am
Meanwhile, I shorted 1.1885.. Husshhhhhh!
Focus only on what truly matters!
  • #137,147
  • Jul 30, 2021 8:59am Jul 30, 2021 8:59am
Quoting Ata-Turkoglu
Meanwhile, I shorted 1.1885.. Husshhhhhh!
Closed again with +5 pips.. quick quick quick..
Focus only on what truly matters!
  • #137,148
  • Jul 30, 2021 9:07am Jul 30, 2021 9:07am
Next I would like to sell 1.1893 area maybe.. I stay on side lines for now..
Focus only on what truly matters!
  • #137,149
  • Edited 9:45am Jul 30, 2021 9:34am | Edited 9:45am
Quoting Kyuu
Just did a yolo buy at 1.1775 Edit: SL now 1.1770 (-5 pips) Edit 2: SL now BE.
Adding to my long here at 1.18626 since it's my horizontal level. Since I have a long term bull bias, I'd like to see strong bull strength from here to confirm my long term bull bias and see its strength. I'd like to see an immediate bounce from here within the 15-30 minutes.

I think we can dip to as low as 1.185, but it's not optimal for my bias and any lower is suspicious.
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  • #137,150
  • Jul 30, 2021 9:42am Jul 30, 2021 9:42am
This is also the weekly of the Euro which is why we could've seen some sell presure:
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  • #137,151
  • Jul 30, 2021 9:52am Jul 30, 2021 9:52am
Now we around the 1.1860 mentioned earlier by Ata.

Attached Image
Trends have a higher probability of continuing than not.
  • #137,152
  • Jul 30, 2021 10:00am Jul 30, 2021 10:00am
Quoting RickM
{quote} Hi yvestrcz I watched a block being placed last night at 1.1885 which was seen on Futures as a continious order that was being controlled by their algo. It was seen about a minute before it approached that level, and when hit it was restocked always back to 160 units. It absorbed price at least 5 times (seen on M1) before a strong imbalance of the bid orders was actioned to get price down. They had a back up plan of another order 4 pips higher up at over 200 units so it was selling 100%. What happens in Futures will happen in SpotFX within...
Hi Rick,

I thought it was the other way around, spot moves first then futures moves after because:-

________________________1 + ( Rate(Quoted curr) * (d/360) )
Futures price = Spot price x ( -------------------------------------------- )
________________________1 + ( Rate(Base curr) * (d/360) )

d = number of days between trade settlement and contract expiration.

Perhaps what you are seeing is a lag on your spot feed, and your futures feed is just faster.

Anyway take care,
swd
  • #137,153
  • Edited 1:07pm Jul 30, 2021 11:02am | Edited 1:07pm
1.1864 euro close
Attached Image (click to enlarge)
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m1 graph is this, is faster
oversold bid 1.1859
closed for 2 pips profit as it did take to long
Trends have a higher probability of continuing than not.
  • #137,154
  • Jul 30, 2021 11:23am Jul 30, 2021 11:23am
Quoting Austyno
The decent threat I see to this bear move sits at 1.18541-1.184xx zone
Lets see if it breaks
Risk comes from not knowing what to do
  • #137,155
  • Jul 30, 2021 11:54am Jul 30, 2021 11:54am
Quoting Ata-Turkoglu
{quote} Closed again with +5 pips.. quick quick quick..
I bet this was you Ata....
Attached Image
...because you never know - until you do!
  • #137,156
  • Jul 30, 2021 11:56am Jul 30, 2021 11:56am
Quoting eurusd-thijs
1.1864 euro close {image} m1 graph is this, is faster oversold bid 1.1859
Did you see the move to 1.1909.

As i mentioned it on wednesday
  • #137,157
  • Jul 30, 2021 1:04pm Jul 30, 2021 1:04pm
Seems we will have that bullish doji as predicted for the monthly close.
Meanwhile I have booked all my shorts from 1.1906 with +70 pips.
1.188xx - 1.189xx is the most important sell level for next week, bulls need to break it and break it fast for continuation to the upside.

1.184xx is the most important support level for bulls, they need to keep price about this level.

In all, bulls still have the upper hand especially on weekly because of the bullish engulfing candle that bounced from the demand zone.
On the monthly basis, the bullish doji negates the bearish engulfing candle and presents two scenarios, either bulls continue the momentum or 1.188-1.189 holds and we see a brutal drop.
Long story short, I keep buying the dips when necessary
Risk comes from not knowing what to do
  • #137,158
  • Jul 30, 2021 1:20pm Jul 30, 2021 1:20pm
I am calling it a day, week and month folks.. For next week and based on H1, I think we will have a bounce up IF and AS LONG AS 1.1850 area supports.. If not, we could go lower to retest 1.1820 and maybe even 1.1800 area..

Many thanks to all who genuinely contributed for this week..

Enjoy your weekends and rest well folks.. Hopefully we meet again on Monday..

Peace.. Out...
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Focus only on what truly matters!
  • #137,159
  • Jul 30, 2021 1:32pm Jul 30, 2021 1:32pm
Quoting zippo22
{quote} Ahh a Kabayan.. na then mabuhay

same here kabayan!
More pips to you jan.
  • #137,160
  • Jul 30, 2021 3:48pm Jul 30, 2021 3:48pm
Quoting swd
{quote} Hi Rick, I thought it was the other way around, spot moves first then futures moves after because:- ________________________1 + ( Rate(Quoted curr) * (d/360) ) Futures price = Spot price x ( -------------------------------------------- ) ________________________1 + ( Rate(Base curr) * (d/360) ) d = number of days between trade settlement and contract expiration. Perhaps what you are seeing is a lag on your spot feed, and your futures feed is just faster. Anyway take care, swd
Hi swd

My forex broker is IC Markets so not sure that’s the case in reality.
All I can tell you is what I see on my screen when I trade them side by side for around 5 hours a day.
I must till you about a great gold trade I took about two months ago about mid London session.
Gold price spiked up about $1.50 on my futures data but nothing occurred on my IC Markets feed. I decided instantly to Buy Gold on IC Markets feed and to my surprised it was executed. Four seconds later, the Gold feed on IC Markets spiked the same amount for a very nice profit.
Most times when that occurs, IC Markets delays execution till price matches.
It just appears Futures leads by a small margin at times away from Future rollover and very low liquidity periods.

Cheers
Trading thin liquidity at the boundary of the charts
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Ata-Turkoglu