My own experience has led to me to be of the opinion that OB and OS are two useless and extremely dangerous concepts, thankfully, I have managed to ban them forever from my thinking.
huge stops? 1.6477 - 1.6455= 22 pip stop. Short term you might catch a few pips, I haven't seen a close above 1.6549. So I can see it going to 1.6513.. make a new low to lure the buyers back in. I am locked onto majority of the trend. I have moved my stop-loss to 1.6500. I try to get in when the trend starts, trading while the market is consolidating is too risky.
hi increase On cable, that rally ran out of steam a while ago, shorts have been the go for the last 6 weeks ish now, longer tfs by the way.....
real/live trading update...I got filled for a +40 pip profit at 1.6502 at 8:22pm CST last night...so, what was a -29 pip loss day yesterday turned into a +11 pip gain day for me...cool...I've not traded yet today... I've got: EUR/USD GBP/USD USD/CHF currently on my trading screens...
Anyone else have that spike down on the GBPUSD at 15:57 ETD? I use FXCM - so I am wondering if any other brokers fed out the same spike. Just curious.
that just goes to show how dealing desk and "non dealing desk" brokers are a bunch of crooks.. ECN pricing is the way to go. From the looks of the spike. it actually opened 33~ pips lower than the previous close.. brokers who don't show you this kind of info are full of shit. especially ibfx's "no dealing desk." crooks.
real live trade made at 3:58pm CST short 1 EUR/AUD at 1.7379 stop: 1.7414 target: 1.7279 trailing stop in place... AUD/USD rally has got to stop and EUR/USD will regain speed...hence, I am bearish EUR/AUD...you?