I called FXDD, and the answer was: when I put a limit order for a trade and the market goes against me then the market closed my trade not FXDD. This is very interesting!!! I will be very carefull from now on..
Yes, anything is possible, no matter how crazy or unlikely it may seem.
In this case, I was depending primarily on a fairly good looking head and shoulders formation. The success rate of formations is actually fairly good, ranging from 60% to 85% depending on who you read and listen to. I was only using the stochastics as support, not as primary evidence. In addition, given which pair we are talking about and how fast it moves, a move of this few pips (relatively) to me should be looked for on the 15M or 30M charts. Of course, during asian session things do move much more slowly.
Ignored
I seem to trust the higher time frames a little more with the boxingislife stoch setup and a little Macd trend continuation pattern.
100+ and climbing on what I saw last night.
I seem to trust the higher time frames a little more with the boxingislife stoch setup and a little Macd trend continuation pattern.
100+ and climbing on what I saw last night.
Ignored
Actually, I took that trade and got 58 pips. Almost what I was hoping for based on the formation, which was 69. I took the short when the neckline was broken.
After that it turned around and went up, but I already had my pips.
www.forexinterbank.com has a calculator which you can update for any time frame you wish.
For a very good risk calculator if you need one: www.goforex.net and scroll down the left hand side for "forex resources" see: position size calculator.
One last one : www.actionforex.com Look around on the left hand side, not sure about this site ( what it offers ) though the S/R's and pivots are updated.....worth checking out.
