A chart helps those who can read it.
- #427,301
- Apr 23, 2011 11:49am Apr 23, 2011 11:49am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
- #427,302
- Apr 23, 2011 11:52am Apr 23, 2011 11:52am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #427,303
- Apr 23, 2011 11:57am Apr 23, 2011 11:57am
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
A chart helps those who can read it.
- #427,305
- Apr 23, 2011 12:04pm Apr 23, 2011 12:04pm
- Joined Mar 2006 | Status: Chase that Dollar .. | 1,416 Posts
- #427,306
- Apr 23, 2011 12:07pm Apr 23, 2011 12:07pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #427,307
- Apr 23, 2011 12:08pm Apr 23, 2011 12:08pm
- Joined Mar 2006 | Status: Chase that Dollar .. | 1,416 Posts
- #427,308
- Apr 23, 2011 12:17pm Apr 23, 2011 12:17pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #427,309
- Apr 23, 2011 12:21pm Apr 23, 2011 12:21pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #427,310
- Apr 23, 2011 12:27pm Apr 23, 2011 12:27pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Ist picture shows bounce up from the red zone.
What second picture shows is unbelievable.
Building shorts.
It's been a while... How is life with you?
Very nice chart BTW
- #427,312
- Apr 23, 2011 12:57pm Apr 23, 2011 12:57pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #427,313
- Apr 23, 2011 1:11pm Apr 23, 2011 1:11pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
Hi dear bro
It's been a while... How is life with you?
Very nice chart BTW
Long time. Life wasn't treating me well recently, but finally yesterday got the breakthrough was looking for. Lot of hardwork ahead.
Keep accumulating pips.
The Thief of Wall Street
- #427,314
- Apr 23, 2011 1:15pm Apr 23, 2011 1:15pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #427,315
- Apr 23, 2011 2:12pm Apr 23, 2011 2:12pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
...foreign exchange never sleeps...brokers do.
I do put a distinction between "foreign exchange" and "Forex," at least..."retail based" Forex, as most of us it know it. My (main) broker closes at 5pm EST all year round. They open at 5pm EST Sunday evening. I set my charts to "Filter flats on weekends," so each week consists of five exact 24 hour periods...five perfect daily bars. These are the periods I set my daily target$ off...and ultimately, my weekly target. So...
5pm EST Friday evening...for me, Forex has closed...and I get to have a life!
Foreign exchange does not close, however...ever, ever, ever! Therefore, Inter-bank...Institutional Forex...does not close...ever, ever, ever. Sure, there are some Forex brokers that offer weekend trading; Oanda, to name one...but I consider it a gimmick (I have an account with Oanda from years ago. They wiped out many thousands from my account in the worst example of "bucket shop" that I have ever seen. I kept the account and have had open gold and silver trades for 2+ years...payback is a bitch! ). Anyway...Forex will open for me at 5pm this Sunday. Foreign exchange will possibly have changed the opening Forex price I'll see, compared to where it closed out on Friday. From this fluctuation in price...a (cough) gap is born...or...a window to close is identified. There are loads of people who swear by these closing...80% of the time and up. Will I lay down money on them closing? Not a fakking chance on the belief that it must close. If I see a reason to trade away from this "gap"...I will not hesitate to.
Sorry, I think I rambled through some of that...but kinda said what I wanted to.
- #427,316
- Apr 23, 2011 2:19pm Apr 23, 2011 2:19pm
- Joined Jan 2008 | Status: I'll Take Your Pips | 1,338 Posts
- #427,317
- Apr 23, 2011 2:36pm Apr 23, 2011 2:36pm
- Joined Mar 2006 | Status: Chase that Dollar .. | 1,416 Posts
- #427,318
- Apr 23, 2011 2:44pm Apr 23, 2011 2:44pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
BUT you can't blame Oanda or any other b0rker for your losses when you have total control of how you trade and when you trade and how much risk you are willing to accept. Step into reality and admit that it was your fault that you lost money because you couldn't control your risk when you didn't know what in the heck your were doing.
After email/phone exchanges for over a week, they admitted that "some sort of problem occurred" and returned 20% of the loss. My risk was controlled...it just wasn't honored. No biggie...you live and you learn.
Didn't mean to spin the conversation this direction...so let me know if you think it is best to edit my post and remove the part about Oanda.
- #427,319
- Apr 23, 2011 2:55pm Apr 23, 2011 2:55pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #427,320
- Apr 23, 2011 3:01pm Apr 23, 2011 3:01pm
- Joined Jan 2008 | Status: I'll Take Your Pips | 1,338 Posts
I have no reason to doubt your claims, that's the first I've heard of such a situation. I've heard of platform disconnects, I've heard of price feed errors where a candle or two may go crazy, but that's about it. In a price feed error, Oanda will correct their mistake 100%. Not 20%. If it was only 20% in your case .... I'm shocked!
I've never had a problem getting Oanda to close a trade for me on the phone or on chat. (not sure if chat is still available, but at one time it was).
I've been with Oanda for several years, even still have an active MBT account, but Oanda is my primary account. I've never experienced anything except a price feed error once that was corrected without a hassle and platform disconnect issues, which haven't happened in a few months. Usually they don't affect me though. But that's when your account number and oanda phone number comes in handy if you have to close a trade.
Definitely no need to edit your post.
I've never had a problem getting Oanda to close a trade for me on the phone or on chat. (not sure if chat is still available, but at one time it was).
I've been with Oanda for several years, even still have an active MBT account, but Oanda is my primary account. I've never experienced anything except a price feed error once that was corrected without a hassle and platform disconnect issues, which haven't happened in a few months. Usually they don't affect me though. But that's when your account number and oanda phone number comes in handy if you have to close a trade.
Definitely no need to edit your post.
Agree 100%. Which is why the first thing that should have been hit was my TP...nope....