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  • #12,421
  • Jul 2, 2009 8:59am Jul 2, 2009 8:59am
Quoting bphone
long ?!


with much fib confirmation
  • #12,422
  • Jul 2, 2009 9:34am Jul 2, 2009 9:34am
may be at 1.3980? It looks like cats fight. Hard to say where it will go. Let's see if it breaks 1.400
  • #12,423
  • Jul 2, 2009 9:39am Jul 2, 2009 9:39am
Quoting RedCabbage
Hi KK

Your line at 14045 could be good local s/r but 14053 has some history behind it, starting on 22 May.

This is a 4hr chart.

Thanks again RedCabbage...

I think I got a mistake in identifying strong S/R. My attended time history is too short, and that is perhaps why I did not get same value as others..

Thanks a lot.

KK
  • #12,424
  • Jul 2, 2009 10:19am Jul 2, 2009 10:19am
Quote
Why I always figure out value differently?

Quote
My attended time history is too short, and that is perhaps why I did not get same value as others..

kk007
Do remember these:
a. we use different brokers, platforms, & therefore our values would, most likely, always be different.
b. when comparing notes with others (& having said a.), we won't always get it exactly to the letter or to the pip. we would usually be off by 1-5+ pips. what's important is that we agree on & understand the correct "area/zone" of the specific S/R we are talking about.
& of course, it goes without saying that, thru Practice, we will eventually "get" the "correct values"

Cheers
  • #12,425
  • Jul 2, 2009 10:56am Jul 2, 2009 10:56am
long!
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  • #12,426
  • Jul 2, 2009 11:01am Jul 2, 2009 11:01am
Quoting shiko
may be at 1.3980? It looks like cats fight. Hard to say where it will go. Let's see if it breaks 1.400
I was thinking about fading 1.4000 and 1.3993. Both could earn 20+ pip with little drawdown. i.e. Good R:R.
  • #12,427
  • Jul 2, 2009 11:08am Jul 2, 2009 11:08am
Quoting supremeChaos
kk007
Do remember these:
a. we use different brokers, platforms, & therefore our values would, most likely, always be different.
b. when comparing notes with others (& having said a.), we won't always get it exactly to the letter or to the pip. we would usually be off by 1-5+ pips. what's important is that we agree on & understand the correct "area/zone" of the specific S/R we are talking about.
& of course, it goes without saying that, thru Practice, we will eventually "get" the "correct values"

Cheers
Thanks supremeChaos,

I think I've really made a mistake to over-estimate the short-term and under-estimate the long-term when identifying S/R.

I understand there is brokers difference and S/R has a zone, but my S/R identification skills were not as good and need to improve...

Also, there is an issue when using H4, due to different time zone

cheers,
KK
  • #12,428
  • Jul 2, 2009 11:12am Jul 2, 2009 11:12am
Perhaps, this is a bit technical here.

Do anyone know how I can modify the end of date time of my MetaTrader, so that I can adjust my daily bar to GMT. (Now I am GMT +2)?

Many thanks.
  • #12,429
  • Jul 2, 2009 11:33am Jul 2, 2009 11:33am
Hi KK

The issue here is the broker. The MT4 platform seems to be locked into the broker's server w.r.t. time. I have used a few different brokers over the years with MT4 and there are differences. I tend to gravitate to a broker that has a platform with GMT as the "zero" hour and have basically abandoned other brokers for that reason. I have talked to tech support on all of them and they are consistant in being unable to do anything about it. I am surprised that nobody has put pressure on the authors to modify the code to add adjustments. It can't be too difficult and those Russian programmers are the best, IMO.

The best thought I think is to get a demo of a number of brokers and find out what their time is. Then choose one that suits what you want. Of course, always remember that the 1H chart will be the same for any time zone, with some small differences of course.

SR
  • #12,430
  • Jul 2, 2009 11:54am Jul 2, 2009 11:54am
kk007,
i have a small list of brokers here here
u cannot change the timezone of your broker,
but u can change your broker.
Most likely u are using an alpari MT4
  • #12,431
  • Jul 2, 2009 1:31pm Jul 2, 2009 1:31pm
I actually did not take 1.4000, still was waiting for 1.3980.
traded E/J instead.
  • #12,432
  • Jul 2, 2009 2:58pm Jul 2, 2009 2:58pm
Looking for a reaction around 1.6545 or so on cable....

Thoughts?
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  • #12,433
  • Jul 2, 2009 3:11pm Jul 2, 2009 3:11pm
Quoting vijay s.
Looking for a reaction around 1.6545 or so on cable....

Thoughts?
Looks like a nice area for a reaction, may be something to watch during the UK session tonight.

On the flip side, keep tabs on 162-1.624 for a long bounce.
  • #12,434
  • Jul 2, 2009 8:05pm Jul 2, 2009 8:05pm
I am only looking at one trade today because it is going to be quiet later with the US on holidays. The eurjpy has fallen quite a way and has good tales on the one hour candles showing a slow down which coincides with my line and other major lines on other currencies I use for confirmation. So I am in a buy from133.68 with a target of135.32.
  • #12,435
  • Jul 2, 2009 11:53pm Jul 2, 2009 11:53pm
Thanks seattlerust and supremeChaos,

Yes. I found many said the same thing, the End of Day time is not customizable. The only way to do it is to use different brokers. (or program it perhaps)

Thanks for your kind information.

KK
  • #12,436
  • Jul 3, 2009 1:10am Jul 3, 2009 1:10am
Quoting Tori
I am only looking at one trade today because it is going to be quiet later with the US on holidays. The eurjpy has fallen quite a way and has good tales on the one hour candles showing a slow down which coincides with my line and other major lines on other currencies I use for confirmation. So I am in a buy from133.68 with a target of135.32.
Another nice move Tori!
  • #12,437
  • Jul 3, 2009 1:30am Jul 3, 2009 1:30am
Thanks Red Cabbage. Am still in there at the moment. 135.05 might stall. I am looking at 1.4062 for sell on eurusd depending on how things go and 1.6478 on pound. Could be really slow later so dont want to get stuck in something over weekend.
  • #12,438
  • Jul 3, 2009 1:31am Jul 3, 2009 1:31am
Quoting supremeChaos
kk007,
i have a small list of brokers here here
For a list of many MT4 brokers, see here. I think it's reasonably up to date.
  • #12,439
  • Jul 3, 2009 2:14am Jul 3, 2009 2:14am
Eur/jpy

Just gave a lovely bounce 13460

looking to ride this down to 13360 area.
  • #12,440
  • Jul 3, 2009 3:10am Jul 3, 2009 3:10am
Looks good so far Siam. I got out of my trade for nice pips but didnt take the sell. Spent too long congratulating myself and missed a good opportunity. hehe.
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