[Marko23]

FDAX Long triggered, maybe with a smaller degree

Resistance hit, was smaller degree.

[forrestang]

Originally Posted by forrestang »

Sorry for the lack of details, I am wondering if we get some upside continuation above on a break above 06.50 in the morning session?

May be small resistance over head, break of about 08 after break ing the aformentioned level will be the tell, if anything breaks at all?

----Edit----9:41EST
There was movement but follow through seemed to have stopped quickly. Stop below last swing low below 04. Looking for 10.25 for target.

Target Hit. Entry was 06.75, target filled at 1110.00!

----edit-----
Attaching a 'swing point' picture.

--edit-----
Just another comment, price went right up to 10.50, which was the original fill before dropping off quite a bit. You'll notice 10.75 was that nice little resistance area overhead, and price stopped there almost to the tic before retreating quite a bit.

[thalestrader]

Originally Posted by forrestang »

Target Hit. Entry was 06.75, target filled at 1110.00!

Nice, Forrest! Great work!

Best Wishes,

Thales

[Gabe2004]

Originally Posted by thalestrader »

Hi Folks,

Well, I was right in that the short side looked better. In fact, it was the long side that triggered and immediately reversed to take out a -40 but the short triggered and hit the +100 PT1. Took the second 50% off just now at 1.6377 as price has triggered a long ("dance with the one that brung ya', and go home with her to," as my old Texas trading buddy always told me).

Final result for a night of sleep = -40 (100%) + 100(50%) + 91(50%) = -40 + (191/2) = -40 + 95.5 = +55.5 ticks.

The potential long was enough to take me out, but I did not outright reverse. There will be other opportunities later today.

I'll be back closer to the NY open.

Best Wishes,

Thales

It looke like you have put on a BRACKET trade.
when you do somethinig like that, do you put the entry of the short below the STp of the long and the entry of the long above the STP of the short by a few pips or it is a STOP and REVERSE where size of the orders cancel the previous trade which means you have to decide wht will trigger first.

Thanks

Gabe

[Cory2679]

Originally Posted by Cory2679 »

BTW, with FXCM, I don't see what all the fuss is about. Right now, the tightest spread (EU) is 2.5 ticks!! I don't think I've even seen a spread of less than 2 ticks since I've opened it. Maybe it's just because of news today...

I know this is rather random, but since I made this discovery I figured I'd might as well correct myself on here...

The spreads I was referring to were with an FXCM standard (demo) account. The FXCM micro spreads are much better...I didn't realize there was a difference but there is.

-Cory

[Marko23]

Originally Posted by Marko23 »

FDAX Long triggered, maybe with a smaller degree

Resistance hit, was smaller degree.

Long closed for "free trade".

[Marko23]

Originally Posted by Marko23 »

Long closed for "free trade".

This was neccessary because an anticipated HL had not been seen at that time.

[thalestrader]

Originally Posted by Gabe2004 »

It looke like you have put on a BRACKET trade.
when you do somethinig like that, do you put the entry of the short below the STp of the long and the entry of the long above the STP of the short by a few pips or it is a STOP and REVERSE where size of the orders cancel the previous trade which means you have to decide wht will trigger first.

Thanks

Gabe

Two separate trades, Gabe, but each is the mirror image of the other Long entry = short stop, and vice versa.

Best Wishes,

Thales