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  • #325,121
  • Nov 12, 2010 10:56am Nov 12, 2010 10:56am
london forex close is now im pretty sure, ny in 5 hours time
  • #325,122
  • Nov 12, 2010 11:01am Nov 12, 2010 11:01am
Quoting fontu
Ok , not seeing charts most time in this evening due heavy works but as per analysis & price reached upper end the acceptable level ok for short to me to see new bottom & more if all ok & not reanalyse again with loss at the same time.Bull rally 8th H1 candle still active ^ not aborted & so if it back to top before further down also ok for me . Hope not as now the h1 candle close as bear hammer .
Thanks ,
fontu

I am sure some serious buyers kicked in as the present low was surrounding the 38.2 of the August low. The battle might not be over, But if cracks down, the downside is large.


Attached Image (click to enlarge)
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  • #325,123
  • Nov 12, 2010 11:04am Nov 12, 2010 11:04am
thank you guys.
  • #325,124
  • Nov 12, 2010 11:06am Nov 12, 2010 11:06am
if i were long now, i would definitely be reconsidering my position. Commodities are taking a bath, and POMO didnt do jack shit, in fact markets are down nearly 3/4 of a percent.

large swiss bank is in the process of unloading a billion....

http://www.forexlive.com/145801/all/...unding-reuters
  • #325,125
  • Nov 12, 2010 11:07am Nov 12, 2010 11:07am
Quoting paul1
I'am struggling with europe london and american open closes .
they dont seem to corrolate with forex factory session times.

Anyone with links to the various exchanges open and close times adjusted to london time and since clocks altered in various zones.

I can make 20 -30 pips just trading each close .

its like now its closing action but told london shut half hour ago.

like now its probably gonna drop to eighty but couldnt without the close.
London (equities) closed 30 minutes ago, 11:30 NY time. You can find the info on Wikipedia, and I happened to answer it here too. I assume you realize fx trading goes on until 5pm EST, globally on a Friday.

Not sure what 'strategy' you're talking about, but if there's one thing fx is not, it's being consistent. I usually monitor the closes and have been for much time, and they will completely vary. And thus I can comfortably say that your system can't be fool proof - any type of pair movement and behavior is possible at any time, and there is a rolodex of reasons on what can happen.

P.S. - My FF time was off too after the recent time changes; I assume you've been here and followed the instructions; for me it was a matter of toggling DST.
  • #325,126
  • Nov 12, 2010 11:07am Nov 12, 2010 11:07am
Quoting Wgold2
london forex close is now im pretty sure, ny in 5 hours time
yes sir...look at the home page very obvious less volatility
  • #325,127
  • Nov 12, 2010 11:08am Nov 12, 2010 11:08am
i closed my short @ market near 1.3705 , but had some kind of certainty it would break down the round number , any way on my 4h chart bias , i would enter SHORT for the next week .

nice pinbar below the 21EMA and in trend direction , though i dont wanna sleep 2 days with an open position

http://cdn.forexfactory.com/attachme...1&d=1289581671
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  • #325,128
  • Nov 12, 2010 11:09am Nov 12, 2010 11:09am
Quoting paul1
I'am struggling with europe london and american open closes .
they dont seem to corrolate with forex factory session times.

Anyone with links to the various exchanges open and close times adjusted to london time and since clocks altered in various zones.

I can make 20 -30 pips just trading each close .

its like now its closing action but told london shut half hour ago.

like now its probably gonna drop to eighty but couldnt without the close.
This is taken from one of Cloggies post ...

Nah it is wrong, London closes at 1630. Has done so for over 100 years, and FF has been wrong for just about as long.
ast call at 1620, last 10 minutes is volume weighted pricing only (which can be nice for some good arbitrage especially on the big winners of the day, but costs are higher still there are bargains to be had), close at 1630, order maintenance till 1700, trade reporting till 1715.

FF has been wrong for donkey's years.

  • #325,129
  • Nov 12, 2010 11:11am Nov 12, 2010 11:11am
mbtrading froze at 3702 anyone else?
making green pips large and red pips small this is my goal.
  • #325,130
  • Nov 12, 2010 11:11am Nov 12, 2010 11:11am
Quoting mfoste1
if i were long now, i would definitely be reconsidering my position. Commodities are taking a bath, and POMO didnt do jack shit, in fact markets are down nearly 3/4 of a percent.

large swiss bank is in the process of unloading a billion....

http://www.forexlive.com/145801/all/...unding-reuters
hey bud,
how is ohio,
when did the news come out about the eur sell off...
  • #325,131
  • Nov 12, 2010 11:11am Nov 12, 2010 11:11am
Quoting paul1
I'am struggling with europe london and american open closes .
they dont seem to corrolate with forex factory session times.

Anyone with links to the various exchanges open and close times adjusted to london time and since clocks altered in various zones.

I can make 20 -30 pips just trading each close .

its like now its closing action but told london shut half hour ago.

like now its probably gonna drop to eighty but couldnt without the close.
Paul, make sure your DST times are synced up correctly... I had to turn the setting off to properly sync everything up with the recent time change last weekend.

Visit the Time & Date Options under your control panel (http://www.forexfactory.com/profile....=customoptions)
and make sure the time displayed at the top of the page matches that of your computer. You may need to adjust DST setting or your time zone setting.
  • #325,132
  • Nov 12, 2010 11:12am Nov 12, 2010 11:12am
Quoting Pipwanderer
hey bud,
how is ohio,
when did the news come out about the eur sell off...

ohio sucks

this came out earlier in the day....
  • #325,133
  • Nov 12, 2010 11:13am Nov 12, 2010 11:13am
Quoting Venice
Paul, make sure your DST times are synced up correctly... I had to turn the setting off to properly sync everything up with the recent time change last weekend.

Visit the Time & Date Options under your control panel (http://www.forexfactory.com/profile....=customoptions)
and make sure the time displayed at the top of the page matches that of your computer. You may need to adjust DST setting or your time zone setting.
thankyou I had to uncheck the dst button.
making green pips large and red pips small this is my goal.
  • #325,134
  • Nov 12, 2010 11:13am Nov 12, 2010 11:13am
Quoting mfoste1
ohio sucks

this came out earlier in the day....
It's not so bad... Weather is holding up nicely as of late.
  • #325,135
  • Nov 12, 2010 11:14am Nov 12, 2010 11:14am
Quoting paul1
thankyou I had to uncheck the dst button.
No problem!
  • #325,136
  • Nov 12, 2010 11:14am Nov 12, 2010 11:14am
mbtrading just come back on lucky it hardly move took a short at 00 for 80
making green pips large and red pips small this is my goal.
  • #325,137
  • Nov 12, 2010 11:15am Nov 12, 2010 11:15am
Quoting mfoste1
ohio sucks

this came out earlier in the day....
i went to school out that way in youngstown..

was it the previous imbalance or if it is yet to happen...i am just waiting
  • #325,138
  • Nov 12, 2010 11:19am Nov 12, 2010 11:19am
Quoting Arona
I am going to ask something very simple for the more advanced traders (I'm still learning).

1) How or where do you check/see when I currency is oversold or overbought? Is it based on what? I use Meta4 as Platform and I really would like to learn it.

2) What does the butterfly formation mean and which timeframe would you refer it to?

Sorry for those as I am learning it all by myself.. if someone has got the time later to tell me those I would be very grateful. You can send me a PM as well if you prefer.

Have a good weekend everyone!
Guess you have to select and experience the indicators yourself. There are traders that don't use them at all.

>>>>NEVER trade 1 indicator and don't get blinded by too many<<<<
Just blow some demo accounts untill you find a good setup
  • #325,139
  • Nov 12, 2010 11:20am Nov 12, 2010 11:20am
3674 tp will reload some shorts on a pull back possibly
  • #325,140
  • Nov 12, 2010 11:20am Nov 12, 2010 11:20am
Hi guys
I have hell of time with my MT4
When i open it terminal.exe take 50% of cpu usage and pc became slow and mt4 So Slow and sometime no responding
And when i disconnect the net all back to work fine
Any idea how solve this?

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