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Follow up to USDCAD trade. Solid entry point for short side.

USDCAD short price broke all three MAs I use - placed stop above the lowest MA. Expect a test of the line. Exit Profit: 1.1855 or so

Why 4800? I added to the short.

I'm using them for the same reason - to test out/learn the pairs. Here's a link to an issue I recently had with them. As of today they've made me whole. http://www.elitetrader.com/vb/showthread.php?s=&threadid=151561

The next day or two should provide us with our breakout/breakdown. Keep your eyes peeled for the various closes and important S/R lines. **catalyst may have just occurred.** 3:00pm NZD Official Cash Rate 3.50% 4.00% 5.00% NZD lowered their cash rate 150bp instead of the expected 100bp...

Pyramid = geometric (1, 1, 2, 4, 8, 16) - larger scaling in Pillar = arithmetic (1, 1, 1, 1, 1, 1) - basic scaling in

Following up on NZDUSD Not clear but I'm leaning to the short side as well. Opened a minor short position for tomorrow's announcements.

Following up on Gold, price needs to break ~920 to the upside by January 31 for a confirmed breakout. If it fails and shows weakness this may be a good time to short.

How does one determine when/how to exit a trade that's been placed via a pyramid or pillar strategy?

If you're not long yet now would be a good time as EURAUD is above 2.00.

IBankcoin.com - several conflicting contributors, always some solid ideas.

If TL break holds I'd go long to ~2.03+

As a side note GLD looks to be breaking out as it's in an upward-trending range with a bearish head & shoulders which has been busted.

EURAUD short Trendline and 25x5 containing trend.

Great news - thanks to a recommendation from a poster in this thread I threatened FXCM with the possibility of reporting them to the NFA. They reviewed the case again and decided to make me whole. So as it stands FXCM just needed a little prodding to take my claim seriously. Thank you to...

Thanks David I'm going to give Oanda a shot... if their spreads are actually as tight as they claim I've cost myself hundreds of pips trading through FXCM... on the EURAUD pair.

wavel I appreciate the input. I've followed up per your suggestion and explained the NFA will become involved if I don't hear from them with a resolution (proof of validity or admission of fault) today. They didn't tell me to go screw explicitly but they didn't address my concern with the...

They basically told me to go screw. They've determined in their infinite wisdom that the trade was valid and I will receive no money. Un-f*cking-believable. FXCM has now officially ripped me off. Piece of sh*t firm - if you can't trust your broker not to steal your money where do you put it...

Thank you both for responding. I'll be sure to inform everyone via this thread once the issue is resolved, regardless of the outcome.

The spread on EURAUD blew out to 120 pips for 1-2 ticks during the rollover period at FXCM and forced me out of my positions because of it. I sent in a trade inquiry and am awaiting their response, which I hope will be to make me whole or partially-whole. Anyone else have experience with this...