Quote from Ivanovich:
Bought 200k units at .7525. To me, and I say this lightly, it would appear there is nice support at .7475 andf 7500. So I put my stop under .7475. Target is open at this point, but will cover on a rejection of .7545.
You posted that at 09-12-06 03:54 PM.Quote from Ivanovich:
Bought 200k units at .7525. To me, and I say this lightly, it would appear there is nice support at .7475 andf 7500. So I put my stop under .7475. Target is open at this point, but will cover on a rejection of .7545.
Quote from Iconoclast:
You posted that at 09-12-06 03:54 PM.
My chart shows that on 09-12-06, AUD/USD was at as low as 0.7525 at 1PM then again at 5:30PM.
Between these times, the lowest point was at 4PM reading 0.7530.
Was that a limit order you entered or a market order?
Because, I don't see how you could have hit an ask for ".7525" when there was none.
Do you have a chart snapshot or transaction history you could post to substantiate your claim of opening that trade/order?
Iconoclast
Good advice, coming from someone calling themselves "late" apex.Quote from late apex:
I'd say you stand a better chance of closing 100 profitable trades in a row than catching Ivanovich making up a trade... let alone a non-feasible trade.
All your price levels are off. You might want to check your Aussie chart from Sep. 12th again, paying particular attention to the time scale - your ET time zone vs. your chart time zone.