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  • #8,021
  • Feb 2, 2009 4:40am Feb 2, 2009 4:40am
Quoting RedCabbage
Interesting. So long as today's price is in line with it, what price did it hit at 9:51GMT today?

Which broker do you use?
I use interbank fx and the price at 9:51 gmt was 1.4183.That was the lower and it closed at 1.4185
  • #8,022
  • Feb 2, 2009 4:43am Feb 2, 2009 4:43am
Quoting mattpajek
I use interbank fx and the price at 9:51 gmt was 1.4183.That was the lower and it closed at 1.4185
So was your limit order triggered or did the spread cause it to miss?
  • #8,023
  • Feb 2, 2009 4:48am Feb 2, 2009 4:48am
Anyone went short at 1.24 USDCAD?
  • #8,024
  • Feb 2, 2009 4:48am Feb 2, 2009 4:48am
Quoting RedCabbage
So was your limit order triggered or did the spread cause it to miss?
It was triggered and i closed the order with profit at 1.4233
  • #8,025
  • Feb 2, 2009 4:50am Feb 2, 2009 4:50am
Quoting mattpajek
friday`s low on my chart is 1.4181
Friday's low is 1.4186. I use Interbank FX also ... Today's low was at 1.4183... At least on my chart.
  • #8,026
  • Feb 2, 2009 5:02am Feb 2, 2009 5:02am
Quoting bumasoft
Friday's low is 1.4186. I use Interbank FX also ... Today's low was at 1.4183... At least on my chart.
hmmm
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  • #8,027
  • Feb 2, 2009 5:03am Feb 2, 2009 5:03am
Quoting mattpajek
It was triggered and i closed the order with profit at 1.4233
Excellent. Good scalp
  • #8,028
  • Feb 2, 2009 5:05am Feb 2, 2009 5:05am
Quoting mattpajek
hmmm
They look the same, but they aren't at the same price. Hover your mouse over friday's lowest candle and it will tell you High/Low/Open/Close. Low is at 1.4186.
  • #8,029
  • Feb 2, 2009 5:10am Feb 2, 2009 5:10am
Quoting bumasoft
They look the same, but they aren't at the same price. Hover your mouse over friday's lowest candle and it will tell you High/Low/Open/Close. Low is at 1.4186.
It says 1.4185 well my eyes are getting old and i have only 36,lol
  • #8,030
  • Feb 2, 2009 5:13am Feb 2, 2009 5:13am
Quoting bumasoft
They look the same, but they aren't at the same price. Hover your mouse over friday's lowest candle and it will tell you High/Low/Open/Close. Low is at 1.4186.
Isn't this something you will always find with the fragmented way in which the Forex market is run. As far as I'm aware, each broker supplies data generated by their own trades. I guess that's why it can be advantageous to deal with a larger broker? They have a wider view of the market and so supply a better consensus of opinion.

Or am I way off base here?
RegardsPaul Eamonn
  • #8,031
  • Feb 2, 2009 5:16am Feb 2, 2009 5:16am
Quoting mattpajek
It says 1.4185 well my eyes are getting old and i have only 36,lol
Well, it's possible that prices can be a bit different, even if we have the same broker.
  • #8,032
  • Feb 2, 2009 5:18am Feb 2, 2009 5:18am
Quoting PaulEamonn
Isn't this something you will always find with the fragmented way in which the Forex market is run. As far as I'm aware, each broker supplies data generated by their own trades. I guess that's why it can be advantageous to deal with a larger broker? They have a wider view of the market and so supply a better consensus of opinion.

Or am I way off base here?
You are correct and normally I would choose a broker like Dukascopy. The only problem being that the minimum account is 50.000$ USD and I make that money in 5 years
  • #8,033
  • Feb 2, 2009 5:18am Feb 2, 2009 5:18am
Quoting mattpajek
It says 1.4185 well my eyes are getting old and i have only 36,lol
I'm not sure all charting packages are the same but on my PRT, if you align your cursor vertically with the candle while placing the horizontal s/r, the line will attach itself to the low when you get close enough.
  • #8,034
  • Feb 2, 2009 5:28am Feb 2, 2009 5:28am
Quoting RedCabbage
I'm not sure all charting packages are the same but on my PRT, if you align your cursor vertically with the candle while placing the horizontal s/r, the line will attach itself to the low when you get close enough.
Not on MetaTrader, I think
  • #8,035
  • Feb 2, 2009 5:34am Feb 2, 2009 5:34am
Quoting bumasoft
Not on MetaTrader, I think
Bumasoft - if you use the tool that draws the line right across the screen (rather than the trend line) all you need to do is to place the 'cross' over the low of the bar and left click. Provided you've got it set to default the software snaps to the closest high or low within 10 pixels.

If this doesn't make sense, just say and I'll talk you through it.
RegardsPaul Eamonn
  • #8,036
  • Feb 2, 2009 5:42am Feb 2, 2009 5:42am
Quoting PaulEamonn
Bumasoft - if you use the tool that draws the line right across the screen (rather than the trend line) all you need to do is to place the 'cross' over the low of the bar and left click. Provided you've got it set to default the software snaps to the closest high or low within 10 pixels.

If this doesn't make sense, just say and I'll talk you through it.
It doesn't snap for me... But it doesn't matter anyway. I can mouse over the close of the bar and it tells me high/low/open/close.
  • #8,037
  • Feb 2, 2009 5:49am Feb 2, 2009 5:49am
waiting for 1h close on gbp/usd,just broke today low
  • #8,038
  • Feb 2, 2009 5:49am Feb 2, 2009 5:49am
Lets see how my short plays out...

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  • #8,039
  • Feb 2, 2009 5:54am Feb 2, 2009 5:54am
Quoting bumasoft
It doesn't snap for me... But it doesn't matter anyway. I can mouse over the close of the bar and it tells me high/low/open/close.
Bumasoft - if you decide to explore a bit go to -

Tools > Options > Objects (tab). The setting for the 'snap to' objects is in there.
RegardsPaul Eamonn
  • #8,040
  • Edited 6:00am Feb 2, 2009 5:55am | Edited 6:00am
Bounce and bucket? or up and out...?
Taking a punt on scalping the bounce with tight stop.
Dont forget lot value here ..
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