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EURo gap filled

Euro filled the weekend gap and some, after upbeat tones from many officials and the perception that Greek people will vote "Yes" on Sunday's referendum. Part of the flows might also have been unwinding of the currency hedges in line with selling in the stock market.
The pair is back to the pre-weekend range which traded between 1.1150 and 1.1225. The momentum is on the bullish side at the moment and should the pair break above the range, the next resistance may be found in 1.1250 - 1.1260 band …
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My new article in article contest

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Does Your Broker Hunt Your Stop Loss

As I've been promised yesterday today I'm going to cover an interesting subject that many aspiring new trader are very confused about. You'll see this subject popping up on trading forums on a daily basis by novice traders who blame anyone else except themselves for their bad trades and losses. Many new traders and even traders who are in this business for years have this flawed idea that somehow your Broker hunts your SL order. So, Does your Broker hunt your stop loss?

The short answer to this…
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aslamhammad avatar

In the game of plus/minus with currency and commodity pairs, we have a 2 options, 1) try to trade with trend, 2) if the trend is gone against you, go with it until it decides to reverse :p, which works for me in live, but in demo we can only trade 1 side :p, so during fundamental release when i'm not sure, i try to trade both sides, in this way i'll be able to maximize profit along the trend, but the other side would of course be in minus for some time, as you guys know that, forex grows with time and also falls down with time, so you just got to keep track of the trend until you make profit.

aslamhammad avatar

the brokers in the market that cheat, cheat with higher spreads :p....and dukascopy spreads are far better than many other brokers in my opinion :)

aslamhammad avatar

here's an example http://www.youtube.com/watch?v=bDJllx8DW2g

Daytrader21 avatar

@aslamhammad I don't want to sound as an authority voice here but having a bad tick in the stream quotes can happen to even the most reputable broker and that can be happening due to some tech issues. I have already covered that situation in my blog post if you're having a bad tick you can fill a reclamation paper to your broker and I'm sure they will restore that trade in your favor.

Daytrader21 avatar

@jezz it's very hard to trade with a broker that makes money from the spreads, because most likely they have wide spreads. Best option is to stay with brokers like Dukascopy who charge you a standard commission and you have tight spreads.

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