#pending orders

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First, her comes within the form of a Meta trader Professional Advisor, which automates the procedure of placing the pending orders. The Professional Advisor knows exactly when the tradable news events occur and it will automatically call the pending orders to you a stand up with of treasury bond earlier to the expose is released. This addresses the issue of placing pending orders immensely soon and theretofore reduces the number of apparitional breakouts you narrow squeak. <\p>

Second, The Bundle Trader Pro program is the high-speed news pasturage that's integrated with the Professional Advisor (this is considered inasmuch as its most dear dissociate of the system). As soon as the dirt data is favored, the system will check versus see if there is distinctly sufficient variance between the cool and the actual figures so trigger a sharp movement within the currencies and if not, it's going to grade the 2 pending rate that was placed…this all happens within 1 half step following the news was released. This study effectually eliminates allness instances of false breakouts. <\p>

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New Post has been published on http://www.winnersedgetrading.com/a-bit-of-a-slow-market-day-egm-trading-room/

Lessons Learned on a Slow Day - EGM Trading Room

On this fourth day of the live Explosive Growth class where Casey has been showing us his live market trading tactics, having had our coffee (I hope we all had our coffee – at least no one died), we started looking at the charts and identified a few possible trades that were setting up. Things were moving a bit slowly so Casey did some teaching about trend channels and support/resistance as he analyzed various pairs for opportunities. We also learned a couple of “quick tricks” built into the MT4 trading platform:

Shift-CTRL Drag to put all your closed trades for a certain pair on the chart.

Double-Click, CTRL Drag a trend line to make a parallel duplicate of the line.

The USD/CAD Proves to be a Little Difficult

USD/CAD Trade

Eventually, we entered a long position on the USD/CAD as it hit significant daily support, looking for a bounce, but the support broke and put us into Three Bullets mode (our first position went negative.) After some dropping and popping most of us were able to get out of the bad position with a gain. Of course, many of us took a loss on the original position (I closed mine at -10 pips), but washed out that loss with other bullets (I opened/closed two bullets for +20 and +6 pips) for an overall profit on the trade.

We Learn a “Pending” Lesson

One important point we learned was at poor Nathan’s expense. He had been trading the GBP/USD yesterday and got a bit negative on his first position. With the Three Bullet strategy in mind, he placed a pending order at a support level for an additional bullet. The GBP/USD then turned and hit his target – but he forgot to close the pending order. During the night the market dropped, picking up his pending long, and then dropped quite a bit more. He woke up this morning with a very negative long GBP/USD position with the market dropping. Well, the good news is the market didn’t continue to drop and he’s in the process of washing his way out of the bad long. But the real lesson is this: if you use pending orders to get the best prices, be sure to close them when they are no longer valid. I’ve made this very mistake a few times in my trading career, so I check all my orders before I walk away from the platform – kind of light checking to turn off the lights as you leave a room. You do it often enough and it becomes habit.

Protect Yourself When Using Pending Orders

There are a couple of other things you can do to protect yourself too:

Set an expiration date/time on your pending order. If you’re scalping, you can probably set a one hour expiration on the order. Of course, keep an eye on it so it doesn’t expire about 30 seconds before the price hits that level.

Set a very tight stop loss on the pending order. If you are at the console when the order hits, you can move the stop loss to the correct spot. If you’re not at the console, you’ll get out with a minimum of damage. A ten pip stop seems reasonable. You don’t want to build in a ten pip loss, so it’s best to close it before you leave, but if you forget, at least you won’t kill your account on an unexpected news move.

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What is Pending Orders in Forex.?

When you want to Place an Order there are 2 Options to Place an Order.

1. Direct Order 2. Pending Order

Here i will Teach you About Pending Orders so here is one Question that why to use Pending Orders.? so answer is if you want to place an order at particular price after Analyzing and Price has not reached yet at that level so you can use Pending orders. This is Good Option in Forex Trading…

Everyone with pending orders, please settle them ASAP ^^ as for those who have already paid, I will be shipping orders this Sunday. I can only ship via Air21 when I go to Rockwell, which is pretty out of the way. LBC is everywhere along my daily routine, so if you want your items shipped really fast, LBC's the way to go :) I've been working on the orders that aren't complete yet, and at the same time I'm working on some Endless keybies my org (Litcircle) will be selling at the bazaar this February. Lasallian? Come to our booth!! Also, I've been meaning to post a picture of both, but as of now all keybies have better packaging, and a tiny Keybie Cafe logo to boot! Once I get home (because I'm posting in school, hardly any time now) I'll post pictorial proof. You can imagine I'd be raising prices again, but only next term... which is at May. As for what I'm working on, here's my keybie to-do list, just to give you an idea:

Ms. Ei's order - 100 medium  paddles

Litcircle - 24 large endless

around 50 keybies worth of assorted orders, custom and pre-designed

So far I've been tinkering more with the design of the website than I have been cleaning my room (rather, the house) of post-bazaar keybie paraphernalia, but I can't stop tinkering. Annoyingly enough, it's a part of my obsessive-compulsiveness that I can't part with. I've been able to upload a lot of new designs in the albums, though some new albums-worth of designs that were in Shizen aren't up yet because I've yet to come up with the descriptions and pics. Hootennany. Anyway, here are the new designs!

Kire's Creechoor Collection Pillow Pet Collection Cow Pillow PetFan Character Collection The Endless (Death, Dream, Destiny, Delirium) Harry Potter Characters (From Albus to Voldy) FF8 (Rinoa, Squall) King of Fighters (Rugal Bernstein) Miscotts Collection Panda Miscott Stuffage Collection Triple heart Butterflies (in green, red, blue, orange, purple, yellow)