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Jan 17, · Hello all, I have just started a dummy Oanda account today and am trying to get to grips with it. Apologies for being so stupid perhaps, but could someone explain to me (in very simple terms) what the Lower Bound and Upper Bound option boxes are for? Nov 29, · Thus, for example, if the current rate is when a limit order for is submitted, and the trader want to ensure that a trade is executed with a rate equal to or lower than , then the trader can set the upper bound to
The Dollar finally fell to the Swissy after several days of consolidation and moved back down from to The pair ranged in between Well the Euro decided to continue its rally and it made its way back up to Remember, the last time the pair hit , it dropped pips so be careful around this level.
Well the Cable did pierce through its 50 EMA on the daily chart and hit like I said it would yesterday, but then it gained momentum and shot back up to Well after hanging around the for several days, the Swissy finally dropped. Now it is currently hanging around Daily stochastics are trending down nicely and have just now left overbought territory which tells me that a move to is probably a good bet at this point. Look for the pair to fall to sometime tomorrow. The last signal was a buy 24 period s ago.
The CCI shows overbought above and oversold below areas. The current value of the CCI is The last signal was a sell 14 period s ago. The last signal was a buy 23 period s ago. Technical Outlook Short Term: Volatility is high as compared to the average volatility over the last 10 periods. Overall, the bias in prices is: The projected upper bound is: The projected lower bound is: The projected closing price is: There are many instances where breakouts are false which means they reverse, quickly trapping those unsuspecting traders that subscribe to the traditional technical analysis method of trading.
And yes, some of the time breakouts have a strong move in the same direction. And in addition, for those traders that understand the different environments that markets routinely fall into, the array of possibilities is endless. Disclaimer This newsletter is written for educational purposes only.
By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.
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