1. Are stop orders with a 1~2 pip limit with high leverage plausible for JPY crosses?I feel guilty risking far more capital for a small limited reward. However, this method seems to have high success rate. It would work fine as long as the overall trend is unchanged but, im worried one of these days reversals can definitely cause damage.
2. Are there any trading platforms in which you can program logic blocks? for example I'd like to enter ina OCO If Then, order. For instance, a buy stop order at price 1.100 with 2 pip limit, and a sell order at price 0.990 with 2 pip limit. so that when there are price fluctuations to one of these, the profit can most certainly be locked in. I would make sure these two stop orders are far enough so noise wont trigger prematurely.
3. What really is going on in each session? How are highs/lows determined? how long are each sessions. if i look at the 1 hr chart, one candle stick really fluctuates. it would trigger my limit, then retrace back to the other side of the market? Its almost like a tow-war b/t bulls and bears. What are some factors that gives rise to these tug-n-pull b/t bulls and bears? Why is it that for every large bull movements, there are many times equal magnitude of bear? If this is the case, shouldn't price always be near the equilibrium and never change? I dont understand how prices close higher and higher or lower and lower for various pairs.
wow, really long, but I really had to get it off my chest.
Thanks for reading.
2. Are there any trading platforms in which you can program logic blocks? for example I'd like to enter ina OCO If Then, order. For instance, a buy stop order at price 1.100 with 2 pip limit, and a sell order at price 0.990 with 2 pip limit. so that when there are price fluctuations to one of these, the profit can most certainly be locked in. I would make sure these two stop orders are far enough so noise wont trigger prematurely.
3. What really is going on in each session? How are highs/lows determined? how long are each sessions. if i look at the 1 hr chart, one candle stick really fluctuates. it would trigger my limit, then retrace back to the other side of the market? Its almost like a tow-war b/t bulls and bears. What are some factors that gives rise to these tug-n-pull b/t bulls and bears? Why is it that for every large bull movements, there are many times equal magnitude of bear? If this is the case, shouldn't price always be near the equilibrium and never change? I dont understand how prices close higher and higher or lower and lower for various pairs.
wow, really long, but I really had to get it off my chest.
Thanks for reading.
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