Decided to take eu slightly early at 57 stop at be incase it retests
Trader Dale - daily trading levels
yep does look spent, looking at the bigger picture you'd think the big players want to see what is above that recent high by way of interest. I'm hearing there are some significant stops around 1.07, if I had a mass of cash I might want to drive price up there to take advantage of the liquidity. There are meant to be approx 1.3 billion in terms of option expiries at 1.0700 - 1.0705, expire at 15:00 uk time today, that level is gonna see some action if we get close enough 
{quote} How much cash (or lots) do you think is needed to influence EURUSD by just 10 pips?
I can tell you a funny story ( i didn't find it funny at the time). I started trading futures commodities so far back that I had to get the financial times each morning and manually update my handwritten charts. I thought I'd spotted an opportunity in the lumber market, and had 2 contracts running. All it took to shake me out was another 2 contract and the order book was empty!! I found out much later that at the time there was a futures pit for lumber that had a total of 2 traders in it, and they would swap notes on where their stop orders were sitting for their clients, and then set about removing those stops and went home very happy. Well that kind of thing cannot happen now................... or can it?? There are a few involved in the fixing orders scandal that have made some pretty sexy amounts and the courts are looking to make examples of them
EU +10 pips. Thank you very much Dale, Ziggy and everybody. I have learned a lot from you guys since I knew this topic!
- #3,535
- Jan 13, 2017 6:24am Jan 13, 2017 6:24am
EU +10, thank you Dale, I spread my limit orders around the target area, 1 order 1.5 pip above and 1 order 1.5 pip below the target, so i have 3 orders total, the below order hit 
Every dog has his day
{quote} Pleased for you joker, but just to be sure of how you are trading can you confirm you were short EU, and what level your entry was. You know I have your best interests at heart here so in order for me to help you that would be interesting to know
I shorted EU for 0.1 lot at the level 1.06570 (my broker is not good so I have to +-2 pips for Dale level and I think it works). Although I set limit likes that, my broker still entered the trade at 1.06569. Nothing to say! =_=
Thanks again Dale and Ziggy!
Happy trading and stay safe!
{quote} Yes Sir!
EU +10, thank you Dale, I spread my limit orders around the target area, 1 order 1.5 pip above and 1 order 1.5 pip below the target, so i have 3 orders total, the below order hit
The way you are placing your orders are a great way to take advantage of the level being tested.
Or is there a risk that I dont see?
Thanks for a good week everyone.