The news times are count-down times eg 2 hour until news and color changes when within 15 min of news. Are you saying that you don't get the color changes until 1 hour after the news occurs?
- #2,203
- Edited 10:43pm Sep 10, 2010 10:27pm | Edited 10:43pm
- | Joined Jul 2009 | Status: Trader | 412 Posts
The big issue for me is the time I trade. Let me explain ...
Making a profit requires volatility ie price needs to move to make a gain....
Something that could work on a regular basis, and take a very small amount of your time, would be simply to take a screenshot or two of your trade when it's complete (be it win, lose or breakeven, perhaps showing a couple of different timeframes - M15/M5 for example), and to list your considerations of your trade. Much like many do in the Trading Journal section of FF.
The trade could then be dissected by the group. If it was a losing trade, someone may spot a glaring reason as to why the trade should not have been taken. If it were a winning trade, everyone would stand to gain from greater understanding as to your approach. Furthermore, you'd have a clearly documented history of your trading entries and exits for your own perusal.
Win/win ?
Edit: Further to this concept, it would encourage others people to post up their own trades. When you have time, you could comment on whether or not you would have taken the trade, and why or why not. As more of us gained an understanding into your trading style, we would similarly be in a position to aid newer traders and so on.
You could then, if you felt up to it, do the occasional narrated trading video, with a focus on things that people are still not grasping. That way any time you spend helping the group would be more effectively utilised.
- #2,206
- Sep 11, 2010 1:00am Sep 11, 2010 1:00am
- | Commercial User | Joined Jul 2009 | 1,436 Posts
I new one of my ozzie friends would make a comment like this 
My brother has already moved there but I really like Christchurch. It's the best place I've lived (in NZ). I have lived in Auckland, Hamilton, Whakatane, Blenheim, Christchurch, Dunedin and Invercargill. I also spent a lot of time in Wellington during my apprenticeship training.
My brother has already moved there but I really like Christchurch. It's the best place I've lived (in NZ). I have lived in Auckland, Hamilton, Whakatane, Blenheim, Christchurch, Dunedin and Invercargill. I also spent a lot of time in Wellington during my apprenticeship training.
Hi Stratman,
Maybe the answer is to move to OZ, gain 2 hours, no eathquakes and rugby on the up. Just a thought.
Cheers
I new one of my ozzie friends would make a comment like this
My brother has already moved there but I really like Christchurch. It's the best place I've lived (in NZ). I have lived in Auckland, Hamilton, Whakatane, Blenheim, Christchurch, Dunedin and Invercargill. I also spent a lot of time in Wellington during my apprenticeship training.
- #2,215
- Sep 12, 2010 5:41pm Sep 12, 2010 5:41pm
- | Commercial User | Joined Jul 2009 | 1,436 Posts
Working from my Motel Room today and thought I'd post this while I was having a break. Grey horizontal SR is shown and yellow trendlines. Let's discuss likely trading scenarios. Remember, I want a max 10 pip stop 
Hey stratman, thanks for posting up this analysis.
Looking at today's chart I've spotted one earlier entry:
I've also spotted a current entry (M5), although it is is headed straight into the H4 high line - does this serve as strong resistance usually?
This entry could have been even better on M1. Would you have taken the entry on M1 (as below) due to that strong bullish reversal bar?
Actually, watching the trade now I would be tempted to kill it as it moved a little into profit and has lost momentum, returning to break-even (factoring in spread). On M1 this is especially clear:
I wonder if the market is a little illiquid at the moment as we are not into London session yet. With the high spread on GJ, it might not be tradable.
Edit: Also, stratman - which broker do you use for MT4? It seems that ODL is no longer GMT time but is in fact GMT +1. I'd like to stick to GMT so that H4 candles are based on the correct time.
Looking at today's chart I've spotted one earlier entry:
I've also spotted a current entry (M5), although it is is headed straight into the H4 high line - does this serve as strong resistance usually?
This entry could have been even better on M1. Would you have taken the entry on M1 (as below) due to that strong bullish reversal bar?
Actually, watching the trade now I would be tempted to kill it as it moved a little into profit and has lost momentum, returning to break-even (factoring in spread). On M1 this is especially clear:
I wonder if the market is a little illiquid at the moment as we are not into London session yet. With the high spread on GJ, it might not be tradable.
Edit: Also, stratman - which broker do you use for MT4? It seems that ODL is no longer GMT time but is in fact GMT +1. I'd like to stick to GMT so that H4 candles are based on the correct time.
- #2,220
- Sep 13, 2010 12:14am Sep 13, 2010 12:14am
- | Commercial User | Joined Jul 2009 | 1,436 Posts
I'm chasing divergence on M1 looking for a short off the 130 round number.
