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  • #794,601
  • May 5, 2013 2:34pm May 5, 2013 2:34pm
Quoting fxmasterboy
{quote} you talking 700 pips drop in 10.5 hours????

nope he talking out of his a*#
  • #794,602
  • May 5, 2013 2:35pm May 5, 2013 2:35pm
Question: I had a sell order with a SL at 3.1255 and broker hit it as soon as market opened at 5est. My chart is showing it never reached that point. Who is right please?
  • #794,603
  • May 5, 2013 2:36pm May 5, 2013 2:36pm
Ludicrous. Do you know what average true range is?

Quoting suthmo
{quote}125 133? where is this coming from? Did I make a typo? Yes ok it's 10.5 hours drop 1.3190 to 1.24835 (127% extension) Another 66.9 hours to bounce back to 118% 1.25704 (1.2500 psych level). 24.6 hours to go down to 138.2 level 123753 + slip 24 pips 1.2351 and then retrace the whole move down.
  • #794,604
  • May 5, 2013 2:37pm May 5, 2013 2:37pm
No big gap for this week. Do we have any expert on gap here that can give a comment ??
  • #794,605
  • May 5, 2013 2:39pm May 5, 2013 2:39pm
In general you should never leave limit orders on over the weekend. There's just no reason to because you can sit at the open and put on the entry orders when you feel comfortable with the spread.

Did you look at the bid and ask? The spread was likely very large on the open, which might have hit your order. If this wasn't the issue then something is seriously wrong and you should complain to your broker. They may say that the spreads were widened over the weekend, though.

Quoting used
Question: I had a sell order with a SL at 3.1255 and broker hit it as soon as market opened at 5est. My chart is showing it never reached that point. Who is right please?
  • #794,606
  • May 5, 2013 2:40pm May 5, 2013 2:40pm
Quoting Capelli
No big gap for this week. Do we have any expert on gap here that can give a comment ??
You got bank holiday in Japan today and one in UK tomorrow hence thin trading and some some big spreads on open taking a few stops out by the looks of it.
  • #794,607
  • May 5, 2013 2:44pm May 5, 2013 2:44pm
I show a high bid of 1.31235 then add the 2.5pip spread and the high ask should have been 1.3126 so yep you were stopped properly.


Quoting used
Question: I had a sell order with a SL at 3.1255 and broker hit it as soon as market opened at 5est. My chart is showing it never reached that point. Who is right please?
Without a trade plan, say bye bye to your account & hello to frustration.
  • #794,608
  • May 5, 2013 2:44pm May 5, 2013 2:44pm
Quoting used
Question: I had a sell order with a SL at 3.1255 and broker hit it as soon as market opened at 5est. My chart is showing it never reached that point. Who is right please?
i have 1.31227 hig since session started... so spread may have done it...
  • #794,609
  • May 5, 2013 2:52pm May 5, 2013 2:52pm
Thanks guys
  • #794,610
  • Edited 3:07pm May 5, 2013 2:54pm | Edited 3:07pm
Quoting KillerWhale
{quote} Talking nonsense
U make a good point. Please elaborate.

Quoting fxmasterboy
{quote} you talking 700 pips drop in 10.5 hours????
Absolutely sort of like these calls

350 pip drop projected and called 8 days ahead April 14 2011
http://www.forexfactory.com/showthre...93#post4524293

Dow double top crash of Aug 2011 projected and called Jan 3rd 2011
http://www.forexfactory.com/showthre...03#post4280803

Quoting skymania
{quote} u expect 700 pip drop in 10.5 hours? What drugs you on? I want some to ...
Mostly weed and a little booze now and then.

Quoting Ken A
{quote} Totally disappointed. You can do better than my reliable source: {image}
Where can I get the suit?


The drop started last Thursday at two o'clock. It's pulled back twice. I'm expecting a 3rd try for 1.319x and then the big drop. As I said 700pips over 10 hours starting anytime tonight Monday session. The bank holidays could delay it. Price can grind sideways in limbo and then the projection resumes a day later. The drop could start at any time. Might not rise to 1.319x before the fall starts. I tried to find any levels on the way down but it's straight down. My doubts: Will it get some kind of backing to keep it from moving down this quickly this far. Some intervention may change the course. As always be aware of your safety rules and stick to low risk in this uncertain time. I hope I haven't steered you wrong. good luck with your trading.

Suthmo
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Founder of Sutherland Wave Principle
  • #794,611
  • May 5, 2013 2:59pm May 5, 2013 2:59pm
Quoting claudia1
{quote} You got bank holiday in Japan today and one in UK tomorrow hence thin trading and some some big spreads on open taking a few stops out by the looks of it.
I see now. Thanks a lot. Gaps are not my specialities anyways
  • #794,612
  • May 5, 2013 3:00pm May 5, 2013 3:00pm
Quoting suthmo
{quote}U make a good point. Please elaborate. {quote}Absolutely sort of like these calls 350 pip drop projected and called 8 days ahead April 14 2011 http://www.forexfactory.com/showthre...93#post4524293 Dow double top crash of Aug 2011 projected and called Jan 3rd 2011 http://www.forexfactory.com/showthre...03#post4280803 {quote}Mostly weed and a little booze now and then. {quote}Where can I get the suit? The drop started last Thursday at two o'clock. It's pulled back twice. I'm expecting a 3rd try for 1.319x and then the...
I cant find anything in ur direction.I think im only one bullish on eu.time will tell.my tp 3400.
  • #794,613
  • May 5, 2013 3:13pm May 5, 2013 3:13pm
Quoting used
Question: I had a sell order with a SL at 3.1255 and broker hit it as soon as market opened at 5est. My chart is showing it never reached that point. Who is right please?
It happened before your market opened, @ 4:14 est it was 1.3125
New voice message: Why are you calling me? If I need you, I'll call you!
  • #794,614
  • May 5, 2013 3:19pm May 5, 2013 3:19pm
Quoting suthmo
{quote}U make a good point. Please elaborate. {quote}
Not necessary to elaborate, if you don't see it yourself than no one can explain it to you.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #794,615
  • May 5, 2013 3:25pm May 5, 2013 3:25pm
Quoting KillerWhale
{quote} Not necessary to elaborate, if you don't see it yourself than no one can explain it to you.
Outstanding, u hit the nail on the head.
Founder of Sutherland Wave Principle
  • #794,616
  • May 5, 2013 3:31pm May 5, 2013 3:31pm
I've still got the order on from last week buy 1.3102 tp 1.3198 try and catch knives, last sub wave up, so close to the expected drop. If the rising wedge breaks out down should be a clear entry at the retest of the bottom of the wedge?
Founder of Sutherland Wave Principle
  • #794,617
  • May 5, 2013 3:48pm May 5, 2013 3:48pm
1.3180 is looking ripe for longs to me now.Ha ha and I still have a buy order on another platform for 1.3075 2 and half hours. Then up to the top expected the big dump in 3.5 hours. 1.3196
Founder of Sutherland Wave Principle
  • #794,618
  • May 5, 2013 3:54pm May 5, 2013 3:54pm
will be really fun to see if your drop projection is right because i got in heavy short last week

my own projection is 1.25538 by 24th May
  • #794,619
  • May 5, 2013 4:06pm May 5, 2013 4:06pm
bears and bulls still in a war the bulls need 1.3157 while bears need 1.3033 . the support trend line is still there and its not broken to short it 1.3136 sloss 1.31577 target 1.3084 go long 1.3080 sloss 1.3033 target 1.335 and may be 1.34 . the trend still up while the trend line is there . if its to break the count will change and a top is in but not yet
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  • #794,620
  • May 5, 2013 4:11pm May 5, 2013 4:11pm
Quoting suthmo
1.3180 is looking ripe for longs to me now.Ha ha and I still have a buy order on another platform for 1.3075 2 and half hours. Then up to the top expected the big dump in 3.5 hours. 1.3196
That support back in April is old. Supply coming in end of last week so. Not too convinced about any more bulls
Know when to hold em, Know when to fold em!
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