it was a planned 100% hedge of a semi-martingale series of long orders. So I was left with the task of manually closing down both the long and short sides. elected to close the longs at gap closure leaving me rather exposed to a further rise.

If you love the EUR/JPY and you know it... clap your hands!

I'll probably place a stop above 129.3, which is also where price would meet the Gann HiLo. Would be closing at a large loss though. gotta do some research on gap theory, ie. what are the chances of reversal after gap is closed.

If you love the EUR/JPY and you know it... clap your hands!

my short is down at 124.83. Intend to close it there. PA is stalling at R3 as you say but next S/L line manually drawn is at 129.26. However - FX should never be based on hope, and I should have waited for a bearish hourly candle before closing the ...

If you love the EUR/JPY and you know it... clap your hands!

gap closed. Have closed my longs for slight profit. Now have a hefty short in the red. Now what happens??????????

If you love the EUR/JPY and you know it... clap your hands!

TP at BE.

If you love the EUR/JPY and you know it... clap your hands!

further to previous chart - I have a fully hedged EJ position and want to close it off and look for at least BE. Could close the long positions at gap closure/R3, or close at a loss at UTL and open another short - RISKY.

If you love the EUR/JPY and you know it... clap your hands!

here's the current picture. Channel says down, but gap not closed yet. Ignore all the buy/sell lines.

If you love the EUR/JPY and you know it... clap your hands!

indeed - when will this shower of a government realise that socialism doesn't work?

EURUSD

fwiw I was with you all the way since the H1 pinbar.

EURUSD

that pinbar looks very tempting now that ADR has been exceeded and price is miles away from the 200SMA

EURUSD

BRV - I fully concur - all the shorts' hands have been played IMO.

No Brainer Trades

the error is because the EA is designed for IBFX mini accounts. Steve can you adapt to Alpari like your previous EA?

Relative Strength Basket Trading System

hello all and well done Steve for another piece of coding mastery. One of the many things I'm not clear on is TP levels. T101 originally had his own EA which was a sort of trailing stop algorithm, possibly chandelier. Actually, Steve - any chance ...

Relative Strength Basket Trading System

maybe becuase it signals a massive change in sentiment and a potential turnaround in consumer confidence.

Cable Update (GBPUSD)

geppy hates me.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm voting for Hell, it's warmer. That equity rise 2 days ago looking more like a bear-market rally since it wasn't really confirmed yesterday. Carry-trade still looking, if not dead, then badly comatose.

Auslanco - GBP/JPY and GBP/USD (newstrade)

rumours of unit trusts selling off, talking-heads say that may be the "beginning of the bottom" as they're usually last to respond to the market.

Auslanco - GBP/JPY and GBP/USD (newstrade)

no, just commenting on the candles. No conformation yet.

Auslanco - GBP/JPY and GBP/USD (newstrade)

the PA on the last 2 M15 candles indicates increasing buying interest to me. Hammer just formed on M15.

Auslanco - GBP/JPY and GBP/USD (newstrade)

just a bog-standard impulsive move. No news required.

EURUSD