Did you have 4 of them on simultaneously - i.e. were you risking 4% cumulatively at any time?
Did you have 4 of them on simultaneously - i.e. were you risking 4% cumulatively at any time?
Good show pocrel, as always!
mark120169
Senior member
- Messages
- 3,116
- Likes
- 20
1% risk on each (in theory, Demo, will try live mid July). At one point 3 where running so only 3% exposed which is nothing really.
There where a few other Forex trades around 3.30pm but I had to nip out so didn't get entry. They are still live and better entries could have been grabbed but they are all stuck in a range along with EU so doudt they will hit s/l or TP tonight, unless EU suddenly pushes up or dives in the next few hours until 10pm.
M
pocrel
Senior member
- Messages
- 2,546
- Likes
- 150
morning all, hope everyone had a nice weekend everything looking a bit bearish again so would nt mind getting short something on a pullback, eurusd a good example at the moment but no setup for me
as for broker Rob you can use any such as fxcm smartlive because you are entering pivots manually here the reason i like UWC is because the auto pivot just seems to work with there timings, i do not trade with them as there spreads are terrible
lets hope we get a nice setup soon
as for broker Rob you can use any such as fxcm smartlive because you are entering pivots manually here the reason i like UWC is because the auto pivot just seems to work with there timings, i do not trade with them as there spreads are terrible
lets hope we get a nice setup soon
pocrel
Senior member
- Messages
- 2,546
- Likes
- 150
pocrel
Senior member
- Messages
- 2,546
- Likes
- 150
stopped out -20 full points on eurjpy
risky business around the euro at the moment anyone talking and the dam thing is prone to spikes
pocrel
Senior member
- Messages
- 2,546
- Likes
- 150
Hi Patrick,
I have been doing some researching regarding Pivot times and it seems the two main times for calculating them is either 17.00 EST (10.00 GMT) or 0.00 EST (5.00 GMT).
My preferred platform of FXCM uses 0.00 EST which seems to agree with livecharts, except for the 'closing price' in calculating the pivots this morning.
So in livecharts, the EURUSD 'closing' price calculation is 1.43097.....do you know what this price represents in time......what time does livecharts use for closing price for the pivot on a Monday morning ?
Thanks
I have been doing some researching regarding Pivot times and it seems the two main times for calculating them is either 17.00 EST (10.00 GMT) or 0.00 EST (5.00 GMT).
My preferred platform of FXCM uses 0.00 EST which seems to agree with livecharts, except for the 'closing price' in calculating the pivots this morning.
So in livecharts, the EURUSD 'closing' price calculation is 1.43097.....do you know what this price represents in time......what time does livecharts use for closing price for the pivot on a Monday morning ?
Thanks
pocrel
Senior member
- Messages
- 2,546
- Likes
- 150
the real answer is between 9 to 10 pm uk time, you would not expect much movement in this hour so you will get a good estimate of close price, i normally just go with the price at on livecharts
my uwc runs 2 hours ahead of bst at the moment (current uk time) so it takes 10pm as the close time for forex and i find this is always pretty close to livecharts
Luckily I noticed that the pivots on my uwc charts are still showing Friday's levels - I've had to check livecharts for correct ones. Has anyone else had this? I've loaded it onto different computers, signals coming through OK, but no correct pivots.
pocrel
Senior member
- Messages
- 2,546
- Likes
- 150
mine are fine all matching livecharts not sure why yours is off, is it running 2 hours ahead of BST?
It's been a poor morning for most, I think. I've lost 9 points on 3 trades.
