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Attached is my markup for today for the FX Euro. There is a resistance point around 2826. If it hits the resistance after the big run up it should pull back and retest 2750. I have a short set to be activated at 2818.
Do you guys recommend Sierra Charts for charting? I am currently using Oanda as my trade platform and like it overall, but the charting can use some improvements. What is the best platform to trade forex?
Was wondering if you left that order to sell 1.2818 in the market, into the close, it appears the settlement price will be near even (1.2800). That 20 tick range above even ought to make for some interesting trading at the Sunday night open.
Most of the patrons here at futures.io (formerly BMT) are NinjaTrader users, I think it's because they like to tinker and play with their "codes." I don't think one size fits all, I think it comes down to personal needs. Shop around and find the tools you need for the type/style/method of trading you're doing now, or the studies/indicators you wish to study in the future. I believe there's charting software, and then there's broker's platforms that have charts. What ever you choose, don't forget to have fun.
I don't want to go to far off topic in this thread, I hope this helps.
Most software that you buy or download only comes in the compiled ready-to-run version. Compiled means that the actual program code that the developer created, known as the source code, has run through a special program called a compiler that translates the source code into a form that the computer can understand. It is extremely difficult to modify the compiled version of most applications and nearly impossible to see exactly how the developer created different parts of the program. Most commercial software manufacturers see this as an advantage that keeps other companies from copying their code and using it in a competing product. It also gives them control over the quality and features found in a particular product.
Open source software is at the opposite end of the spectrum. The source code is included with the compiled version and modification or customization is actually encouraged. The software developers who support the open source concept believe that by allowing anyone who's interested to modify the source code, the application will be more useful and error-free over the long term.
My point is, if you use a certain indicator for your trading and that indicator is not native to the new program you choose, you may have to locate, import or purchase the desired indicator from a programmer which provides add-ons to the new program you've chosen.
My entry was hit on Friday at the end of the day. Here are the support levels. I have an target @ .2786. I think it may go lower but I want to lock in profits. There should be a hard bounce at 2775 if it breaks the 2784 level.
The hard bounce @ 2775 occurred overnight on the FX EURO but didnt hold. It has been trying to go lower most of the night. If it breaks 2770 is should retest 2750.
Sorry didn't see your post till this morning. Yes I did. It filled at the end of the day. I didn't notice it filled until late Friday night. To be honest I didnt think it was going to be filled at all. I thought the price would end around 1.28 and some change.