thanks spectre i am new to the forex trading but i just cant figure for the life of me why IB platform just DIES for 45 mins after midnight on all forex. is this normal or a flaw? just ridiculous
price pattern is indicating 120.00 proximity is a frequent bounce point. So shorting it at that proximity is very risky. stop sells around 119.80, may be a more prudent move. usd/jpy builds a house of cards, then in a matter of a few sessions blows away the long term positions that are long. Thats its trading pattern, so price action should be telling you more often then not, being long has a higher probability of working out, but being long at the top end of a week to week range is not prudent either.
it might be structural flaw in their platform regarding exposure and risk on the holdings of their customers, and they need to rebalance.
thanks spectre, i was hitting the short side well was just greedy. it only cost me 10 pips but still ticked me. 121.87 is the monthly upper bb resistance 120.98 is weekly resistance 120.66 is the daily resistance, am in SHORT from 120.63 will make sure i close out the position before midnight... sheesh. looking for a 30 pip gain will trail the 120.77 tx
actually will trail 120.735 the target right now is the 60 min lower bollinger bands curently at 120.22 but will take some profits on 120.51 x 120.48 pivot level. the 120.22 is also a pivot too. ALL BEFORE MIDNIGHT ---
one last thing, the daily 5 resistance now at 120.65 (as of 7pm est) combined with the 60 min resistance at 120.67 as the 60 min charts are also rolling over look pretty good at least for the pivot. low risk reward trade imo
intermediate term target is 125.00, if nikkei sustains itself above 17500, then 125 run will be in the cards.
intersting spectre, what time frame are you looking at for that target? and what trail stops. i'm strictly short term
See Contact IB via Telephone **Customer Service may answer questions on these topics: ⢠Use of the Trader Workstation. ⢠Routing of orders. ⢠Pending orders. ⢠Connection issues.