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Trading correlation pairs by using the other pairs

  • #101
  • May 5, 2020 11:44am May 5, 2020 11:44am
Quoting redfan
{quote} I've actually found the site you were referring to I didn't even know it existed thanks again
On it you can easily overlay charts on top each other.and you will get whatever instruments you want to chart.
  • #102
  • May 5, 2020 12:31pm May 5, 2020 12:31pm
Quoting standfirm
{quote} on it you can easily overlay charts on top each other.and you will get whatever instruments you want to chart.
i will give it a try tomorrow
thank for your input.
  • #103
  • May 5, 2020 12:36pm May 5, 2020 12:36pm
When I open this thread,
I said I would give some of the newbie's tips on how to use metal trader 4 platform,
I know that the vast majority of traders will know this,
so I'm doing it for that one person who doesn't,
Are your trendlines all over the page?
Would you like to draw trendlines to the length you want?
Well, this one's easy,
Click on a trendline,
A box will open click on properties, Then click on parameters make sure there's no tick in the Ray box,
That's all you need to do,
Now you can have trendlines as long or short as you want,

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  • #104
  • May 5, 2020 2:22pm May 5, 2020 2:22pm
Useful Tip: If you left click & drag the centre node of the line, whilst holding CTRL Key you can copy the line.
Useful when you need to draw a channel.
It never gets easier, you just get better
  • #105
  • May 6, 2020 2:36am May 6, 2020 2:36am
Quoting Shabs19
Useful Tip: If you left click & drag the centre node of the line, whilst holding CTRL Key you can copy the line. Useful when you need to draw a channel.

When I started this site.
This is what I was hoping for,
For traders to donate a little bit of knowledge a little tip,
because someone will come along and help you one day,

Great imput.
Thank you.
  • #106
  • Edited 3:36am May 6, 2020 2:40am | Edited 3:36am
Still a profit,
Will let it carry on doing what it's doing now for another day.

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Momentum on the four-hour chart has turned downward and EUR/USD fell below the 50, 100, and 200 Simple Moving Averages – bearish signs.
  • #107
  • Edited 4:19pm May 6, 2020 3:37am | Edited 4:19pm
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bearish signs.

Close this trade with a nice profit,
  • #108
  • Edited 3:52pm May 6, 2020 6:51am | Edited 3:52pm
Quoting redfan
{quote} When I started this site. This is what I was hoping for, For traders to donate a little bit of knowledge a little tip, because someone will come along and help you one day, Great imput. Thank you.
There is a lot of information here, shortcuts & tips using MT4 :

https://www.forexfactory.com/showthread.php?t=67529

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It never gets easier, you just get better
  • #109
  • May 6, 2020 8:33am May 6, 2020 8:33am
Quoting Shabs19
{quote} There is a lot of information here, shortcuts & tips using MT4 : https://www.forexfactory.com/showthread.php?t=67529

Thank you for your input
  • #110
  • May 6, 2020 8:35am May 6, 2020 8:35am
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negative chart this is what we are looking for.
  • #111
  • May 6, 2020 9:45am May 6, 2020 9:45am
ANOTHER ONE,

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  • #112
  • May 6, 2020 9:56am May 6, 2020 9:56am
AND ANOTHER ONE

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  • #113
  • Edited 4:18pm May 6, 2020 10:43am | Edited 4:18pm
Going to try a buy

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Close this trade with a small profit,
  • #114
  • May 6, 2020 1:21pm May 6, 2020 1:21pm
https://www.mataf.net/en/forex/tools/correlation
  • #115
  • May 6, 2020 3:02pm May 6, 2020 3:02pm
Daily Correlation... if can be useful....
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  • #116
  • May 6, 2020 4:17pm May 6, 2020 4:17pm
Quoting MQLTrade
Daily Correlation... if can be useful.... {image}

Is this constantly updating we possibly could use it if it is.
Great input,
thank you.
  • #117
  • Edited 5:21pm May 6, 2020 5:09pm | Edited 5:21pm
Quoting redfan
Going to try a buy {image} Close this trade with a small profit,
Just a note, H4 candles & upwards can look very different from broker to broker due to start times of candles.

So if your broker is +2 GMT for example and mine is +1, the H4, D1 & W1 candles, will look very different, but lower timeframes should be the same.

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It never gets easier, you just get better
  • #118
  • May 7, 2020 3:03am May 7, 2020 3:03am
Quoting Shabs19
{quote} Just a note, H4 candles & upwards can look very different from broker to broker due to start times of candles. So if your broker is +2 GMT for example and mine is +1, the H4, D1 & W1 candles, will look very different, but lower timeframes should be the same. {image}

Great bit of information. That might explain when I was using Tickmill I literally couldn't go wrong,
where this see city index broker I'm with now, I just can't seem to work it out,
great input,
Thank you.
  • #119
  • May 7, 2020 3:06am May 7, 2020 3:06am
Quoting Shabs19
{quote} Just a note, H4 candles & upwards can look very different from broker to broker due to start times of candles. So if your broker is +2 GMT for example and mine is +1, the H4, D1 & W1 candles, will look very different, but lower timeframes should be the same. {image}
Exactly....using 1H chart to avoid this
  • #120
  • May 7, 2020 6:01am May 7, 2020 6:01am
Quoting MQLTrade
{quote} Exactly....using 1H chart to avoid this
It's more to do with when different markets open & close, H1 is easier to track, Higher TF's is not so easy.
Just my tuppence worth.
It never gets easier, you just get better
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