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  • #281
  • May 21, 2008 12:43am May 21, 2008 12:43am
Quote
I could not decide whether to consider "day open" at 05:00 or 06:00 GMT. So, I took the SELL of the GBP/USD IB at 05:00 GMT. At the moment it does not looks good, but I wait and see.

Is there a list of markets opening in the different countries, in GMT times ?
Thanks for any answer,

Shefa.

The day opening is 6:00gmt as stated by Peter Crow in the other thread and i think chowclown and ozziedave clarified this issue as well.
  • #282
  • May 21, 2008 12:48am May 21, 2008 12:48am
Daylight saving time brings it forward. regardless, I'm happy with this current candle as open for me.
Quoting Naijafx
The day opening is 6:00gmt as stated by Peter Crow in the other thread and i think chowclown and ozziedave clarified this issue as well.
FF journal: Peaks and Troffs
  • #283
  • May 21, 2008 12:52am May 21, 2008 12:52am
Quoting bogus
Thanks BigFace and Dopey. Shefa, I take this current bar as the open and would take an IB if it was there to test, but my plattform doesnt show an IB on cable.
I don't have any signals on this hour.
Hi Bogus,

I considered the 05:00 GMT opening, to be the end of the bar which has strated at 04:00 GMT, and closed at 04:59 GMT. Do you see it differently ?
If you look at it as I did, I hope you see the IB.

Shefa.
  • #284
  • May 21, 2008 1:00am May 21, 2008 1:00am
Yep, we are on the same time mate. Boy this time thing is a pain, it shouldn't be this hard, but its causing a few problems.It would be great if all the MT4 platforms had the ability to change it to local time.Ill post a chart. my lines are for open and close because its hard to see. I dont have an inside bar.
Quoting Shefa
Hi Bogus,

I considered the 05:00 GMT opening, to be the end of the bar which has strated at 04:00 GMT, and closed at 04:59 GMT. Do you see it differently ?
If you look at it as I did, I hope you see the IB.

Shefa.
Attached Image (click to enlarge)
Click to Enlarge Name: dddddd.gif Size: 21 KB
FF journal: Peaks and Troffs
  • #285
  • May 21, 2008 1:02am May 21, 2008 1:02am
Quoting aud
With Tokyo opening at 00.00GMT I'm not sure what you could gain by starting the day at 04.00GMT. With London opening at 08.00GMT and Tokyo closing one hour later, the lead up to these times would seem relevant.
You've not allowed for British / European Summer Time. Frankfurt Open is currently at 6am GMT and LO at 7am GMT.

If you do some back testing - remembering to shift to 7AM / 8am GMT from the end of October till the end of March you will see that there is often a turning point in the hour before FO as the early Europeans start trading.
Trading Levels with WRBs
  • #286
  • May 21, 2008 1:03am May 21, 2008 1:03am
I hope we all agree that now it is 06:00 GMT, and there were no IB in the deferent pairs.
Please, write if you agree.

Shefa.
  • #287
  • May 21, 2008 1:07am May 21, 2008 1:07am
Quoting Shefa
Hi Bogus,

I considered the 05:00 GMT opening, to be the end of the bar which has strated at 04:00 GMT, and closed at 04:59 GMT. Do you see it differently ?
If you look at it as I did, I hope you see the IB.

Shefa.
I don't see the IB on the Cable.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #288
  • May 21, 2008 1:08am May 21, 2008 1:08am
NZD/usd has one
Quoting Shefa
I hope we all agree that now it is 06:00 GMT, and there were no IB in the deferent pairs.
Please, write if you agree.

Shefa.
FF journal: Peaks and Troffs
  • #289
  • May 21, 2008 1:11am May 21, 2008 1:11am
Quoting bogus
Yep, we are on the same time mate. Boy this time thing is a pain, it shouldn't be this hard, but its causing a few problems.It would be great if all the MT4 platforms had the ability to change it to local time.Ill post a chart. my lines are for open and close because its hard to see. I dont have an inside bar.
Hi Bogus,

Very interesting, as my bars are different than yours. I saw it before, as I did try several MT4 platforms. If I succeed, I shell send my chart. I never did it before. God will help.........

Shefa.
  • #290
  • May 21, 2008 1:14am May 21, 2008 1:14am
Bogus

Are you keen to trade it?
  • #291
  • May 21, 2008 1:16am May 21, 2008 1:16am
LOL. in the interests of research, only on my demo. It goes against my regular system. My $/chf got stopped out for +1%
Quoting bob_inabottle
Bogus

Are you keen to trade it?
FF journal: Peaks and Troffs
  • #292
  • May 21, 2008 1:19am May 21, 2008 1:19am
glad to hear it! lol
  • #293
  • May 21, 2008 1:27am May 21, 2008 1:27am
Quoting jarroo
I don't see the IB on the Cable.
Hi Bogus,
If you see the chart, I took out the "open line" as it was exectly on the cross.

Hope I succeeded, Shefa.
  • #294
  • May 21, 2008 1:28am May 21, 2008 1:28am
Quoting bogus
NZD/usd has one
Pitty, I did not have it's chart.
Shefa.
  • #295
  • May 21, 2008 1:31am May 21, 2008 1:31am
Quoting jarroo
I don't see the IB on the Cable.
Hi Bogus,

I belive I did it now. Just not to give up.........

Shefa.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 60 min.gif Size: 38 KB
  • #296
  • May 21, 2008 1:32am May 21, 2008 1:32am
Quoting Shefa
Hi Bogus,

I belive I did it now. Just not to give up.........

Shefa.

Go for it! Trade what you see.
Indicators show the past. Price Action "Indicates" the future.
  • #297
  • May 21, 2008 1:34am May 21, 2008 1:34am
Good thread everyone hope it keeps going.

Is it possible for someone to either make an indicator to show the open price either with a line or with a colour, across from the open for 10hrs or add to the dibs v2 indicator to show it.

Thanks all.
"Even if you fall down face first, you still went forward."
  • #298
  • May 21, 2008 1:41am May 21, 2008 1:41am
You traded correctly, according to your chart. I got stopped out of N/$. The hours not over yet, but if I had done like Dopey said and waited for the covering bar to break it would have kept me out. Bear in mind this is just one day.
Quoting Shefa
Hi Bogus,
If you see the chart, I took out the "open line" as it was exectly on the cross.

Hope I succeeded, Shefa.
FF journal: Peaks and Troffs
  • #299
  • May 21, 2008 1:49am May 21, 2008 1:49am
That is the problem of this system: PA is obvious, but IB is just missed with a pip or two... Also whips before finding the trend may cause you a loss or two like today with euro.

However, the good ole trendlines work like a charm (no IBs today or yesterday)!

R

PS. Thanks Jim for hosting this thread, very interesting.

Quoting jarroo
I don't see the IB on the Cable.
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 17 KB
  • #300
  • May 21, 2008 1:52am May 21, 2008 1:52am
Quoting Rocroy
That is the problem of this system: PA is obvious, but IB is just missed with a pip or two... Also whips before finding the trend may cause you a loss or two like today with euro.

However, the good ole trendlines work like a charm (no IBs today or yesterday)!

R

PS. Thanks Jim for hosting this thread, very interesting.
Adding confluence to this method will probably be the next step.
Indicators show the past. Price Action "Indicates" the future.
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