Pending sell eu 1.2420, stop 1.2450

in euro •  7 years ago 

I am not sure about the Chinese threat to stop buying U.S. bonds. Just in case I placed a pending sell 1.2420. The higher month close is at 1.2421. So I am taking some risk here. If wrong, eu bulls will want to close the month above 1.2421.

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Got in?

I did at 1.2439 and was stopped out at 1.2455

I was stopped out at 1.2462.. you are not alone..

Gator, I'm not sure why you're saying "The higher month close is at 1.2421"
The highest in my books is January close at 1.24394. I just double checked with tradingview site, it matches my broker's number to the tick.
P.S. I'm still going with your suggestion of 4:30 pm London time for closes.
Can you please let me know if I'm missing something?

try feb 28 11:59:59 close or 23:59:59 est

check this out
it shows daily London closes at 4:30 GMT. I circleed Jan and Feb monthly closes
EURUSDM30.png

if you can, please let me know where I got it wrong

use est 23:59:59 close. feb 28.. not the london close for month.Capture.PNG

try 16:00 GMT on m30 chart

I just checked it, you are right I got the same close, but by looking at the gator time he is refering to some other close.
eum30.png

that's exactly what I did. Knowing Gator, he usually considers closes half hour before London's session close

the daily supply zone last line 1.2448.. it may stop the bull run for you...