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Daily 10% Breakout

  • #41
  • Mar 15, 2010 3:37am Mar 15, 2010 3:37am
Quoting Billyjoe
Japan open at 00:00 GMT...
yes, you are right. i take open value at 00:00 GMT. My platform FXCM is at GMT+1
  • #42
  • Mar 15, 2010 7:58am Mar 15, 2010 7:58am
Hi

How do you take care of the spread??

In the example above, Is the profit 9 pips or
(9 - spread) pips?

AA
  • #43
  • Edited Mar 16, 2010 12:56am Mar 15, 2010 9:36pm | Edited Mar 16, 2010 12:56am
Quoting roundrock
yes, close the other order. always trade only once
Thanks Roundrock for all of your answers/explanations! :-)

Does FXCM (or any other brokers) have something that will cancel a pending order if the other is executed?

<<>>

Also, is this the same information that you have for today (if you place a trade on U/J)?

Open (Market open today) - 90.47

(Previous Day)
High - 90.79
Low - 90.26
Close - 90.32
DR = 53 Pips

Long Order - (above) 90.52
SL - 90.42
TP - 90.57

Short Order - (below) 90.42
SL - 90.52
TP - 90.37

Is this correct for today? TIA!
  • #44
  • Mar 16, 2010 12:55am Mar 16, 2010 12:55am
hi 90.79, lo 90.35
open 90.42

short triggered at 90.37, tp achieved at 90.33,

i am not comfortable with such a low range. ideally it should be above 100


Quoting bnbb2004
Thanks for all of your answers/explanations! :-)

Does FXCM have something that will cancel a pending order if the other is executed?

<<>>

Also, is this the same information that you have for today (if you place a trade on U/J)?

Open (Market open today) - 90.47

(Previous Day)
High - 90.79
Low - 90.26
Close - 90.32
DR = 53 Pips

Long Order - (above) 90.52
SL - 90.42
TP - 90.57

Short Order - (below) 90.42
SL - 90.52
TP - 90.37

Is this correct for today? TIA!
  • #45
  • Mar 16, 2010 1:15am Mar 16, 2010 1:15am
Quoting roundrock
hi 90.79, lo 90.35
open 90.42

short triggered at 90.37, tp achieved at 90.33,

i am not comfortable with such a low range. ideally it should be above 100
So you are taking the Open at +1 GMT correct?
  • #46
  • Last Post: Mar 20, 2010 12:06pm Mar 20, 2010 12:06pm
Quoting bnbb2004
So you are taking the Open at +1 GMT correct?
yes, i am using FXCM and they are GMT+1. the daily candle starts at this time and i take open price here and place orders

i had one loss this week and remaining 4 profits. this week the pair traded in very tight range. still the system gave profits. i take only one trade. if it fails i dont take second trade. but this week the day 1st trade failed, 2nd trade would have given profits. but i didnt take
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