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High & Low 8 Hours (GBP/JPY)

  • #1,241
  • Dec 10, 2007 9:18pm Dec 10, 2007 9:18pm
I can't post a screen shot (having technical difficulties) but the 19:00 GMT bar does show a low of 228.32 on the one hour chart so I'm guessing that you are indeed one hour out.

Cheers
  • #1,242
  • Dec 10, 2007 9:30pm Dec 10, 2007 9:30pm
That would make it 0900 Pacific time. Has the timeframe changed recently? Thank You Bill

Heny



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  • #1,243
  • Dec 10, 2007 9:31pm Dec 10, 2007 9:31pm
Quoting saaedb
Did that clear the issue? or is your issue something else?

Hi saaedb!

Your quick response is appreciated. I went back and reread your posts concerning this subject and believe I've got it straight this time. For todays trades I reset the parameters in the EA (SetAndForget=False) for the pairs I'm trading and will give it another try.

I waited till now to answer so I could see what the EA same up with for GJ and EJ this evening. The high/lows were right on the money and the entry prices/buy stops/sell stops were exactly as your posts indicate they should be given my brokers spread for these pairs. Now we'll wait to see how it turns out later today with resets, SL, TP, etc.

You've been great - thanks again!

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  • #1,244
  • Dec 10, 2007 9:38pm Dec 10, 2007 9:38pm
Quoting henyloc
That would make it 0900 Pacific time. Has the timeframe changed recently? Thank You Bill

Heny



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No the time frame hasn't changed since the last part of October when DST went out.

0900 PST is 1700 GMT. 1000 PST is 1800 GMT.
  • #1,245
  • Dec 10, 2007 9:52pm Dec 10, 2007 9:52pm
Quoting henyloc
Im using Oanda and I got.

High-229.13
Low-228.32 ?

Lowest price was the first hour of the time range.

High 229.11 (0000 GMT bar)
Low 228.14 (1800 GMT bar)

I've got a low of 228.29 on the 1900 GMT bar - I'm using Velocity 4X and I'm located on the east coast USA.

billbss suggested early in this thread to set our computer clocks to GMT which I've done and it solved several issues with knowing the correct times for determining hi/lo prices etc. As bill pointed out that changing your computer clock to GMT makes it very easy to then compare your computer time with the time on the charts from your broker to figure out if they are GMT+5 for example.

I do not believe the times used by Nico have changed which were 1800-0159 GMT. Billbss clarified this issue early in the thread and will correct me if I'm wrong.

Pavatar
  • #1,246
  • Dec 10, 2007 10:02pm Dec 10, 2007 10:02pm
Remember henyloc that GMT does not change with daylight savings time. It stays at one time year round. Least this is how I understand it. Clocks around the world change in relation to GMT when seasons change but GMT remains the same.

When we experience a time change in north America depending on where you are (No time change here in Saskatchewan) our time shifts but GMT stays the same. Maybe some one else should confirm that on here but so far as I know, that's how GMT works.

I set my computer clock to +0 GMT so that Oanda displays the GMT time on the charts.

Cheers
  • #1,247
  • Dec 10, 2007 10:11pm Dec 10, 2007 10:11pm
Quoting Pavatar
High 229.11 (0000 GMT bar)
Low 228.14 (1800 GMT bar)

I've got a low of 228.29 on the 1900 GMT bar - I'm using Velocity 4X and I'm located on the east coast USA.

billbss suggested early in this thread to set our computer clocks to GMT which I've done and it solved several issues with knowing the correct times for determining hi/lo prices etc. As bill pointed out that changing your computer clock to GMT makes it very easy to then compare your computer time with the time on the charts from your broker to figure out if they are GMT+5 for example.

I do not believe the times used by Nico have changed which were 1800-0159 GMT. Billbss clarified this issue early in the thread and will correct me if I'm wrong.

Pavatar
When Nicotina first opened the thread, he was reporting 1800-0200 GMT when it was actually 1700-0100.

I know for sure this was happening because the quotes he gave fit perfectly with 1700 - 0100. He also would appear here shortly after 0100 and post the day's buy and sell prices.

The mistake crept in because his platform compensated for DST.

The best way to not be confused by it is to realize that the window is 1800 - 0200 London time. That will be true the year round.

Right now London time = GMT.

During the Summer: London time = GMT+1.

If you follow true GMT, the Summer time window is 1700 - 0100.
During the Winter it is 1800 - 0200.

Hope that makes sense.
  • #1,248
  • Dec 10, 2007 10:17pm Dec 10, 2007 10:17pm
Cool, thank you for the clarification everyone. The computer im currently placing my trades from is a work computer and is locked by an admin password. So unfortunately ill just have to do the time conversion in my head and just make a note of it. Thanks again.

Heny
  • #1,249
  • Dec 10, 2007 10:34pm Dec 10, 2007 10:34pm
Ok, now I'M confused. billbss, Is the current time frame 17:00-01:00 GMT or 18:00-02:00 GMT?

Cheers
  • #1,250
  • Dec 10, 2007 10:40pm Dec 10, 2007 10:40pm
Quoting Wacky Canuck
Ok, now I'M confused. billbss, Is the current time frame 17:00-01:00 GMT or 18:00-02:00 GMT?

Cheers
Rather than tell you, I'll teach you how to find out.

The time frame is ALWAYS 1800 - 0200 London time.

Find out when that is and you'll know.
That will always work.
  • #1,251
  • Dec 10, 2007 10:46pm Dec 10, 2007 10:46pm
Hi billbss,

what month england usually summer and winter ?

Regards,

Burkass Tchaikovsky
  • #1,252
  • Dec 10, 2007 10:48pm Dec 10, 2007 10:48pm
Quoting burkass
Hi bills,

what month england usually summer and winter ?

Regards,

Burkass Tchaikovsky
The dates vary every year, but late March to late October is Summer time.
  • #1,253
  • Dec 10, 2007 10:55pm Dec 10, 2007 10:55pm
Quoting billbss
Rather than tell you, I'll teach you how to find out.

The time frame is ALWAYS 1800 - 0200 London time.

Find out when that is and you'll know.
That will always work.

Erm yes, thanks for that Bill. What's confusing me is London time (which I believe is GMT) and British Summer Time. I am currently of the understanding that BST isn't in play here and GMT is just that...GMT or London time...right?

The reason I am confused where I was not confused before is because I'm now not sure if you mean that GMT changes once a year or not...I don't think it does and obviously daylight savings time is what changes in our neck of the woods...that assumption is correct right?

Cheers
  • #1,254
  • Dec 10, 2007 10:59pm Dec 10, 2007 10:59pm
Quoting Wacky Canuck
Erm yes, thanks for that Bill. What's confusing me is London time (which I believe is GMT) and British Summer Time. I am currently of the understanding that BST isn't in play here and GMT is just that...GMT or London time...right?

The reason I am confused where I was not confused before is because I'm now not sure if you mean that GMT changes once a year or not...I don't think it does and obviously daylight savings time is what changes in our neck of the woods...that assumption is correct right?

Cheers
GMT never changes, but England changes it's time in relation to GMT.

Right now out time window is 1800-0200 GMT.

That is because UK is on GMT.

During the Summer our time window is 1700 - 0100 GMT.

That is because UK is GMT+1 during the Summer.
  • #1,255
  • Dec 10, 2007 11:02pm Dec 10, 2007 11:02pm
AH! So London time is indeed different than what I was thinking. Ok, thank you billbss.

Cheers
  • #1,256
  • Dec 10, 2007 11:46pm Dec 10, 2007 11:46pm
Get ready GJ is winding up...about to MOVE!!
  • #1,257
  • Dec 11, 2007 1:38am Dec 11, 2007 1:38am
Quote
Get ready GJ is winding up...about to MOVE!!

buy stop triggerd already
  • #1,258
  • Dec 11, 2007 2:20am Dec 11, 2007 2:20am
If you haven't already read about it...another system to check out is the squeeze method. I just nabbed 35 pips waiting using that method as I was waiting for the buy to trigger!! Should have left it open...but hey 35 pips in the bank is 35 pips in the bank!!
Quoting ife
buy stop triggerd already
  • #1,259
  • Dec 11, 2007 2:38am Dec 11, 2007 2:38am
Just read an article about the UK trade balance. It's not looking good! If your long is up at around 0925 GMT I would close it at that time (at least I plan to anyway). 0930 GMT trace balance is released!
  • #1,260
  • Dec 11, 2007 3:01am Dec 11, 2007 3:01am
Pound is already reversing...moved stop to BE 5 minutes later it hit. I should have closed it when it was up 20 pips...I think anticipation mounts on the trade balance news release!
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