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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

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  • Post #143,461
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  • Dec 26, 2022 6:25am Dec 26, 2022 6:25am
  •  Mogu4
  • | Joined Dec 2022 | Status: Junior Member | 3 Posts
Quoting Mogu4
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On forex, the session is 24 hours, and on the CME is 23 hours. Forex has 1 extra candle. Therefore, there are significant differences in Price Action signals. How do you deal with it or just don't pay attention? Is it possible to somehow remove an extra candle from the forex chart? {image} {image}
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What else did I tie the CME to the forex, the fact that just when the cme closes for an hour, the forex price, at the whim of the broker, goes with a large spread and this is an hour candle, then it can be fine to correct the chart if you look at the chart for 4h,1d. There remains an open question on Blomberg, there is probably no forex candle, because if no one had seen the interbank market work, then the candle would not be so chaotic at this hour. It follows from this that the session on forex is 24 hours, anasme and interbank is 23 hours, and therefore the fluctuation on forex within an hour can, if necessary, well, so the schedule can be adjusted for example priceaction. I have 2 ways out of this situation so far. Trade no more than 1 hour or trade above 1 hour, but in parallel looking at the CME.

We are talking about the intervention of the forex broker itself, because when the 4-hour candle closes on forex, then only another 3-hour candle will be formed on the interbank from Blomberg (Forex), and only after an hour the 4-hour candle will close on Forex. Out of sync in closing candles from 2h and above. Retail Traders trades with one extra candle, and banks, instutional with as in fact can see a more plausible chart and make other decisions than retail.
 
 
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  • Jan 2, 2023 1:41pm Jan 2, 2023 1:41pm
  •  Bukarash
  • | Joined May 2016 | Status: Junior Member | 2 Posts
AUDCAD daily chart. I wonder if anyone entered on that outside bullish bar?)
https://i.imgur.com/bofKhMW.png
 
 
  • Post #143,463
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  • Jan 2, 2023 11:51pm Jan 2, 2023 11:51pm
  •  ff34
  • | Joined Jun 2008 | Status: Member | 44 Posts
Any Verified Trades in Trade Explorer to check ?
https://forexsignal.win/?mref=5
 
 
  • Post #143,464
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  • Jan 3, 2023 3:05pm Jan 3, 2023 3:05pm
  •  TraderXL
  • | Joined May 2015 | Status: Member | 40 Posts
Every day, I remember the good times I had in the pf, hard to believe that it won't come back, time goes so fast... 6 years if I remember correctly.

I had the honor to be on the pf since 2009, it took me many years to get profitable... Mike, if you see this, THANK YOU!!!
 
 
  • Post #143,465
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  • Last Post: Jan 23, 2023 2:33pm Jan 23, 2023 2:33pm
  •  razldazl
  • | Joined Mar 2007 | Status: Zoom out | 1,423 Posts
Those were the days!
Never say never.
 
 
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