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Price Leads Volume - VSA and Wyckoff
MissCrystal replied to PeppeeExcuse's topic in Crypto ExchangesSubscribed
MTF FIB Breakout System by Spud
MissCrystal replied to JumpyStoryteller's topic in Trading Systems and StrategiesThis is a slight variation on my trading style. As we progress, I'll try to post some charts and add some additional notes on fib targets. Also, right-click the fib line and select Fibo Properties, then the Fib Levels tab, and then add @ percent $ to the description line in MT4 (for example, 61.8@ percent $) to place the price next to the fib level.
Compelled to close my account.
MissCrystal replied to ScandanaviaDover's topic in Fundamental AnalysisI'm unable to comment on whether you were notified or not, but I'm surprised you were unaware......as you mentioned, it's been common knowledge for five months now. What I will say is that your assertion that you 'lost' $15k as a result of being forced to close your trades is incorrect. If you have a $50 000 balance and incur a $15 000 drawdown in open trades, you no longer have $50 000......you now have $35 000. There is simply no other way for this to work. If you are forced to close your trade, you can open the same amount of trade volume with another broker (that offers the desired leverage) and you will be in the exact same position as before you closed the trades, ie $35 000 equity. The most you can complain about is the commissions and spreads associated with opening new trades.
On Wednesday, why do they charge a triple swap rate?
MissCrystal replied to amazingjuly's topic in Fundamental AnalysisThat's something that all brokers do. The reason they give out is because forex transactions take two days to settle. So, if you held a position open after 5:00 PM EST on Wednesday, it won't settle until after Friday, and then they add two extra days of swap to cover the weekend. So, unless you have a positive carry, NEVER leave your positions open after Wednesday unless you are certain that the potential profit will completely compensate for the swap.