+1.
You are working "mini aggregates" for different pairs.
Another example:
EURUSD@10,000 BUY
EURUSD@10,000 BUY
EURUSD@15,000 SELL
You have a EURUSD@5000 Buy position still active.
I know, but I think you misunderstood me.
FIFO in the sense of the order, not the aggregate.
example" buy EURUSD@10,000. BUY EURJPY@15,000, close EURJPY@15,000, close EURUSD@10,000
Oanda never allowed hedging. If you had open positions, and then sold positions, the selling would be filled from your opened positions. vs. naked short
Oanda always followed FIFO..
You do realize you can have the same functionality, right? You can open 2 accounts and manage on the same screen.. you just need additional margin $ to make the opposing trade. vs earlier this year where when you made a hedged trade your margin would increase(now it decreases)
Or
Go to a...
So trading and playing poker is interchangeable? If so, then why not make a living off poker instead of trading??
After you make a trade, the dealer doesn't wait for everyone else to place trades, come back and ask if you want to double up, or raise the bet, shit if the dealer ever asked me...
There's a difference between a forex broker & a forex trader. If he is offering to sell you some system, he's not a broker. Broker's will usually package software(platform) just because you have an account with them.
Used car lot? Yeah, this dude definitely just a trader. If he's willing to...
True. New traders come in thinking that the broker is their friend, the EA they purchase online is going to give them steady incomes, that forex is centralized like other assets, don't realize in times of tight liquidity price action can be exaggerated. the list goes on and on.
But it is...
The market moves up rapidly when there are too many "shorts". and the market moves down rapidly when there are too many "longs."
Hence, 99% traders fail.
Market tries to at least aggravate 95% of all participants.
GBP/JPY level to watch on the downside 161.09 to 160.93 very nice range trade. has already done it 3-4 times today.
If 161.09 holds & 161.69 holds, should go to 162.07...
Oh yeah.. EURUSD resistance on the upside comes in at 1.4535.. support on the downside 1.4202.
Use extreme caution. 1.4331-1.4346 is the mid-point between two levels (which are VERY far away, pip wise..)
I would buy into the dips near 1.4346 with stop-loss at 1.4331 or chandelier, take...
I do look at "key numbers" but how I arrive at these numbers is far more "complicated" than pivots, s/r, key highs/lows.
I use a "predictive" indicator that plots S/R ahead of time. Before the level of S/R actually holds valid... as most S1,S2,S3,R1,R2,R3 is based on past data.. which makes...
to be completely honest with you, i have never used indicators such as OB/OS, RSI, Volumes, DeMarker, Stochastics or anything that comes equipped standard with the platform, to make a informed trading decision.
If those indicators were indeed valuable, they would not come standard.
P.S. I...