If I want to calculate the daily pivot levels how do I determine the open/close/high daily rate as the forex market is open 24 hours. In other words what is the cut off point for the day ?
I think it should be US market which is last in the sequence.
I am a newbie (started a mongh ago) who is practicing demo account through MT4 and another is a web-based demo account of a broker. Yesterday afternoon I took a position at 1HR TF in USDJPY with a broker demo account and when I log on to check the current situation in the evening, I was...
I also came across this problem with my broker while dealing at US Exchanges however, at LSE it precisely closed the positions at limits and stop. I remember a month ago when AMEX went way above my limit and the position did not close. In the meantime buying subside and stock took a U turn...