EUR/AUD 20 point spread with my broker - ouch!!
who is your broker if you donāt mind me asking?
cheers.
[QUOTE=āKasravi;524248ā]
who is your broker if you donāt mind me asking?
cheers.[/QUOTE]
Is (now was) IG markets
Lolā¦
Mt5 ?
[QUOTE=āKasravi;524255ā]
Lolā¦
Mt5 ?[/QUOTE]
No, I use ensign for charts and an iPhone app for execution
Coolā¦
Where do you get your data feed from?
Hi,
what about this one?
Looks like a solid pinbar, a bit noisy on both fronts though.
Cheers
Guys I know it is kinda out of subject but just wanted to tell you that I have been in this thread since a few days and I have learned a tremendous amount of things and even got some winning trades 
So thank you
At a closer look , I have difficulties identifying what market structure the cad/jpy is in???
It obviously was in a downtrend however never broke 7th aug lows. It actually rejected that support with a poor pinbar on the 8h chart.
Call me over cautious but let the market play out and look for breakout signals below 92.25.
What you reckon?
cheers.
I can,t see any difference on the levels of both GBPCAD and EURCAD ?Both pin bar have formed on area where there is no previous level of resistance.Can you please give me explanation?
Also what you say about the strong bullish pin bar formed on a GBPCAD D1 chart? It,s with the recent uptrend but the FTA is a bit close.
I see a very interesting pin bar on the silver daily what is just bothering me is that the SL should be rather high because of the long wick
What do you say ?
[QUOTE=āKasravi;524270ā]
Coolā¦
Where do you get your data feed from?[/QUOTE]
I think itās fxcm or something. Iāll check tomorrow
Iām sure Dudest will answer to that, but at the mean time Iāll give an opinion.
on the gbp/cad a pinbar formed at extreme highs, highs we havenāt seen since september 2010.
Thus based on counter trend trading spotting such an obvious rejection is a luxurious invitation.
It nearly yielded 200 pips in a very short time.
Cheers
Yeah I look at it same way. For me only possible trade on 8H chart is place TP around 92,50 which meen R:R cca 1:1.
Not sure it break through support ā¦ it can but definetely not because there is PB on 8H chart ā¦ too strong support.
So maybe take it short and place TP on 92.50?
Thatās why you position size 
It does look pretty good, only trouble is the uptrend!
Thank you Chisha but what do you mean by āposition sizeā ?
Smart! I have a couple of markets where I find it hard to place S/R levels and read market sentiment. Whenever I feel this way I just stand aside. I used to get whipsawed a lot because Iād force trades. In the back of my mind Iād be wary & uncertain but Iād hit the order key and when the trade goes against me Iād be like ānow why the hell did I enter that setup? What the hell am I doing?ā lol
Anyway you get the idea.
I said you should position size because you seemed concerned about the stop loss being too high. What I meant was when entering the trade you should reduce your lot size so you can only risk an amount that youāre comfortable losing if the trade goes against you.
I hope you have taken the time to work on your money management, itās SUPERRRRR important!
Please take the time to do that and be sure to download the position size calculator that Dudest attached in one of his earlier posts.
I hope Iām explaining myself clearly & making sense to you.
Thanks for taking the time to write this, yes I do follow MM and thatās why I was concerned about the SL because, in my case, to cover this SL I should go beyond my allowed position size. Remember I only have 300 usd to play with
Guess I will pass silver this time and look for another opportunity
Cheers and thanks again