My broker don’t have that pair either, wish i can help, but there are other traders here that have brokers that do carry that pair. There is a good chance that they will response .
It depends on the trade. You do good make sure you look your profit before you go to sleep.
I think it’s fine ,
Heya,
as Jad said firstly we can’t set orders for a Friday daily setup on the Friday because we need to see the candle close and when it closes the markets is then closed for the weekend, but more importantly; we never ever want pending orders in the market over the weekend.
The market always opens thin in the first hour at market open with wider spreads than normal which can basically mean your pending orders can be hit even if price is not even close to your pending orders. The other risk is gaps and you take on all the risk for no upside gain at all so hold off and wait to see how the market opens and then reassess what you would like to do.
All brokers will have slightly different prices. Unlike a centralised market such as stocks where everything goes through the one place and there is once price, Forex just does not work like this.
All STP brokers have their own separate group of banks that they use to offer you their prices. Because these are different there will be slight price differences. Obviously the banks and groups of buyers/sellers etc are different so things will be slightly different. This is not a major issue as long as the charts are NY close.
Johnathon
For those that had the New York close charts that did not change to stay inline with NY clos and have been 1hr behind, such as HotForex and Fxpro, these should have changed over this morning and should be back to be NY close today.
To fix this in the future you can either just go with a broker that continually updates all the time to stay inline with NY close or just make sure you stay up to date with what is going on because this will happen again soon and these same broker will be out of line again and at the same time again next year.
Safe trading,
Johnathon
The AUDSGD Looks a solid counter trend setup if it can break lower and gain momentum…
AUDSGD Daily Chart
Safe trading,
Johnathon
Would you go short once at the low of the BEEB?
Hi all,
Are any of the BUEBs on the EURO pairs worth trading?
I would but i dont have a detailed plan for counter trend in black and white therefore i decided not to trade however, depend on my trading plan in my mind, this is an A+ Counter trend although all counter trend are not A+ trades. if you know what i mean ? Cheers!
Jack
Should it close as a valid PB, would you go short at its low, including your buffer?
No worries, I don’t know how to manage a CT trade, so will stay out of it. I would be interested in knowing how to enter and place sl and tp in it thought.
Yes definitely.
Well, you basically enter at the break of the low and SL as the other side of the Pin. For TP wise, it depends on your own way. For me, i would like to take 50% off in the middle flip zone and another 50% and the base of the range.
Jack
Since the US began Daylight Savings Time on March 9th, MT4 servers must be set to GMT+3 to coincide with the 5pm New York Close. When Daylight Savings Time in the US ends on November 2nd, MT4 servers will have to switch back to GMT+2 to keep in sync with the New York Close.
Some other brokers may wait until Europe switches to and from Daylight Savings Time, so their charts are not in sync with the New York Close for a few weeks of the year. FXCM updates the time zone on our New York Close servers on the exact weekends when Daylight Savings Time begins and ends in the US, so our charts are always in sync with the New York Close. Our demos also do not expire.
Thanks for that. Do you think the PB on the USDCHF was an A+ set up too?
What do you guys think of this? The pin bar on the daily did not close low enough however I spotted a BEEB on the H4. It might also be a 2 bar reversal. Forgive me if I am wrong.
Hi Jason, does that apply to your trading station desktop platform too (not just MT4)? Also,on fxcm mt4 platform do you still need to use the New York close daily candle converter indicator to view new York close daily charts on fxcm mt4?
Thanks
