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  • #21,641
  • May 10, 2010 10:34am May 10, 2010 10:34am
Can someone post here what was the lowest A/U rate during the peak of market turmoil on May 6th ? I have three dealers, two of them shows the lowest rate of 0.8909 but one showed below 0.8700.

If you can post your chart and dealer info, that would really help me. Many thank in advance.
  • #21,642
  • May 10, 2010 10:44am May 10, 2010 10:44am
mine shows the low at 0.87135
  • #21,643
  • May 10, 2010 10:46am May 10, 2010 10:46am
Quoting lsg168
Can someone post here what was the lowest A/U rate during the peak of market turmoil on May 6th ? I have three dealers, two of them shows the lowest rate of 0.8909 but one showed below 0.8700.

If you can post your chart and dealer info, that would really help me. Many thank in advance.
8708 is what my chart shows. I use ThinkorSwim which is now owned by TD Ameritrade. I'm in EST time.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,644
  • May 10, 2010 10:51am May 10, 2010 10:51am
low on my bid was 0.87051.
must have been a massive spread for a bit
  • #21,645
  • May 10, 2010 11:08am May 10, 2010 11:08am
Mine here (in asia) shows 8714
I have no enemy; I make Incautiousness my Enemy.
  • #21,646
  • Edited 6:18pm May 10, 2010 4:55pm | Edited 6:18pm
Quoting lsg168
Can someone post here what was the lowest A/U rate during the peak of market turmoil on May 6th ? I have three dealers, two of them shows the lowest rate of 0.8909 but one showed below 0.8700.

If you can post your chart and dealer info, that would really help me. Many thank in advance.

Mine shows 86968 with GoMarkets
Attached Image
  • #21,647
  • May 10, 2010 6:02pm May 10, 2010 6:02pm
Quoting lsg168
Can someone post here what was the lowest A/U rate during the peak of market turmoil on May 6th ? I have three dealers, two of them shows the lowest rate of 0.8909 but one showed below 0.8700.

If you can post your chart and dealer info, that would really help me. Many thank in advance.
FxPro shows 87066, Activtrades 8716.
  • #21,648
  • May 10, 2010 7:48pm May 10, 2010 7:48pm
thanks guys for your information.

It was some crazy time in the market.
  • #21,649
  • May 10, 2010 9:21pm May 10, 2010 9:21pm
Quoting lsg168
thanks guys for your information.

It was some crazy time in the market.
What was your conclusion?
  • #21,650
  • May 11, 2010 3:34am May 11, 2010 3:34am
My stoploss was set 0.8700, and the broker stopped me out by 3 pips. They claim it was unfortunate market conditions...

I somehow felt my account was 'stop hunted'. I am looking for options of raising this up with them. (a few grand was involved)

I'd appreciate if anyone can give me some suggestions on how to deal with this.

cheers
  • #21,651
  • Edited 3:14pm May 11, 2010 5:09am | Edited 3:14pm
Quoting lsg168
My stoploss was set 0.8700, and the broker stopped me out by 3 pips. They claim it was unfortunate market conditions...

I somehow felt my account was 'stop hunted'. I am looking for options of raising this up with them. (a few grand was involved)

I'd appreciate if anyone can give me some suggestions on how to deal with this.

cheers

Hi lsg168
As you can see by my earlier post and chart, GoMarkets low was below 87000. Because of the speed at which the price moved, I believe it was impossible for anyone to do anything about the falling knife and the immediate rebound. Therefore I don’t believe GoMarkets had the time to do anything about your SL. Also ‘00’ numbers are a strong S/R and so if you are putting a SL near them, then for safety, if you are opening a BUY, put your SL below the ‘00’ number ie probably about 86400, that allows the price to hit the ‘00’ and bounce back. In SELLs put your SL above the ‘00’ number.
Lsg168, take a deep breath, and when ready, there is still 4 trillion dollars in the market each year. So get back in there and siphon off some more profit.
  • #21,652
  • May 11, 2010 6:46am May 11, 2010 6:46am
It would be a very nice area 4 loading....LONG....!




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  • #21,653
  • May 11, 2010 7:43pm May 11, 2010 7:43pm
Hi lsg168,

Check if you are actually trading against your own broker or against all the traders outside of your broker's confine. Some brokerage will trade with you and then put out the trade against the others and make a profit at your expense. Ask your broker which banks are linked to them electronically and the proof of it.
just speculating
  • #21,654
  • May 12, 2010 5:14am May 12, 2010 5:14am
Hello All. I'm an Ichi indic trader. Heads up we have a T/K cross well under kumo on M30. Also we have a slight breach of 61.8% fib + 4H engulfing. I'm long @ 8970 @ TP of 9011 (100%).
Vita est simillimus forexum(Life is like forex)
  • #21,655
  • May 12, 2010 5:29am May 12, 2010 5:29am
Quoting dennis681
Hello All. I'm an Ichi indic trader. Heads up we have a T/K cross well under kumo on M30. Also we have a slight breach of 61.8% fib + 4H engulfing. I'm long @ 8970 @ TP of 9011 (100%).
its a very strange long entry ,, u r longing right on a resistance level !!!!!!!!!!!!!!!!
  • #21,656
  • May 12, 2010 5:42am May 12, 2010 5:42am
Quoting Jesus4748
its a very strange long entry ,, u r longing right on a resistance level !!!!!!!!!!!!!!!!
Are u referring to the 61.8% ? (also I'm sending you a PM)
Vita est simillimus forexum(Life is like forex)
  • #21,657
  • May 12, 2010 5:51am May 12, 2010 5:51am
Quoting dennis681
Are u referring to the 61.8% ?
i m refering to the same rejection from the 8975 level happened yesterday and it happened now ,, it could breah it but it would have gave u better entery not at the exact 8970 price u should long !!!
if u believe it ll breach it then u should have longed earlier to at least wait for the first rejection and long ,, like from the current price ,, the 8950s
  • #21,658
  • May 12, 2010 6:00am May 12, 2010 6:00am
Quoting Jesus4748
i m refering to the same rejection from the 8975 level happened yesterday and it happened now ,, it could breah it but it would have gave u better entery not at the exact 8970 price u should long !!!
if u believe it ll breach it then u should have longed earlier to at least wait for the first rejection and long ,, like from the current price ,, the 8950s
True. I agree from your standpoint. However, I chose this entry based on the new Tenkan/Kijun cross (M30) + Engulfing (4H). I expect some chop before it goes north again.
Vita est simillimus forexum(Life is like forex)
  • #21,659
  • May 12, 2010 6:14am May 12, 2010 6:14am
Quoting dennis681
True. I agree from your standpoint. However, I chose this entry based on the new Tenkan/Kijun cross (M30) + Engulfing (4H). I expect some chop before it goes north again.
i use elliot waves
i see the best entery if assuming it ll break higher is 8940-45
thanks
  • #21,660
  • May 12, 2010 6:26am May 12, 2010 6:26am
In hindsight, my entry right on the 61.8% fib seems silly. I should have waited...
Vita est simillimus forexum(Life is like forex)
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