miércoles, 26 de agosto de 2015

Chart of the day $GBPUSD Rising Trendline Broken

As the stock markets had the best day in years so the dollar had an awesome day, rising against every major currency in the market.

The question is if how long the rally will last, and I'm not being pessimistic, here we see the GBPUSD falling hard and breaking a major support trendline.

jueves, 6 de agosto de 2015

Chart of the day $GBPUSD Ascending Triangle

The pound dropped on Rate Hike Votes and Inflation Report this morning, however, the losses were limited and we are seeing a nice ascending triangle developing here, a possible buy at bottom and play inside the triangle could give up to 200 pips.

miércoles, 5 de agosto de 2015

Chart of the day $NZDUSD Trendline fake break

Kiwi has been capped by this trendline since late April, and finally when it breaks it turns out to be a fade. The New Zealand currency weakness is known among all traders and bets for a lower move are still being called, does this fade means a push lower or a momentary pause in the trend?

martes, 4 de agosto de 2015

OCO Orders in cTrader

As promised, I made a bot that handles 2 orders in OCO (Order Cancels Order) mode, the parameters are the same of the OSO order bot I made last couple days ago.

A picture on Investopedia shows the many uses of this order type, my bot takes care if it's Limit or Stop order so you don't have to worry about it:

You can find the bot on the ctdn's site

Chart of the day $AUDNZD Trendline Top

$AUDNZD has rallied up to 1.1250 after RBA Rate decision, it will be interesting to see if this trendline will hold for a selling opportunity or it will break even higher.

lunes, 3 de agosto de 2015

Chart of the Day $EURUSD Consolidation

Despite all Greece bad and 'not so good' news, EURUSD remains in consolidation, o you think we will see a break this week?

OSO Orders in cTrader

Recently I've made a bot that handles OSO Orders for cTrader and published on the ctdn site, OSO stands for Order Sends Order, the way it works its simple, once the first order is filled, it will place another order, its primarily used in TradeStation. My version is not as advanced as theirs but is in the works, I'm working on an OCO order as well and I'll publish on the site also this week.

OSO Orders can be more complex, for example, one Order may send multiple orders when filled, or maybe if two orders are filled then more orders will be sent, in my version theres only the basic type of OSO orders, this means one order sends another.