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  • #372,241
  • Jan 25, 2011 12:39pm Jan 25, 2011 12:39pm
Quoting FibbinArchie
de-facto standard is to use GMT, since you're then in sync with London...
Ok... but I can't set the time my broker uses and how can there be a difference in the candles if the session starts at the same time for everyone independent of the time zone you are in, it starts Sunday at 10 pm GMT so independently of where you are you should have the same candles but at a different time depending on your timezone... This is not relative to the time zone you are in but to the start of the session. Otherwise it would mean that you would have different charts depending on where you are located and this would mean your TA would be relative to your time zone which is absolutely crazy...

I still don't understand the differences...
  • #372,242
  • Jan 25, 2011 12:43pm Jan 25, 2011 12:43pm
Quoting Walt
Ok... but I can't set the time my broker uses and how can there be a difference in the candles if the session starts at the same time for everyone independent of the time zone you are in, it starts Sunday at 10 pm GMT so independently of where you are you should have the same candles but at a different time depending on your timezone... This is not relative to the time zone you are in but to the start of the session. Otherwise it would mean that you would have different charts depending on where you are located and this would mean your TA would...
my broker starts at 9pm, my independent data feed starts at 11pm and a lot of brokers do start at 10pm as you say, but your statement is not really accurate...
  • #372,243
  • Jan 25, 2011 12:43pm Jan 25, 2011 12:43pm
Quoting FibbinArchie
well, I would be cautious about putting too much value on current pa, since we are in illiquid doldrums territory, as kill says, camel time...
atm it seems like a wise advice
it's testing 1.3652 again...
  • #372,244
  • Jan 25, 2011 12:43pm Jan 25, 2011 12:43pm
Quoting AllyB
Daily chart
Seems to be lining up for the bear to return. I'm not crazy enough to pick tops though, I'll wait for it to break the trendline first before I hop on in.
  • #372,245
  • Jan 25, 2011 12:44pm Jan 25, 2011 12:44pm
Quoting Walt
Ok... but I can't set the time my broker uses and how can there be a difference in the candles if the session starts at the same time for everyone independent of the time zone you are in, it starts Sunday at 10 pm GMT so independently of where you are you should have the same candles but at a different time depending on your timezone... This is not relative to the time zone you are in but to the start of the session. Otherwise it would mean that you would have different charts depending on where you are located and this would mean your TA would...
That is one of the traps of MT4, it all depends on your broker. All here have different H4/Daily/Weekly due to this.

I standardised mine to GMT and keep a note of NY roll as it is handover to Asia.

Find a broker that lines up with your needs, do some research they are all different.

Go back over H4 charts posted here, you will find them all different.

Only a handful of brokers start at 10pm GMT on Sunday, they are the lazy ones that do not include Wellington and Sydney.

If you are a MA trader it gets even more difficult as MA's are calculated based on opening times and are also vastly different between brokers. Pivots are also vastly different.
  • #372,246
  • Jan 25, 2011 12:45pm Jan 25, 2011 12:45pm
Quoting samdani786
Start from the start like this
Very Very nice
Will check more and tell u my plan
  • #372,247
  • Jan 25, 2011 12:45pm Jan 25, 2011 12:45pm
Quoting Nate04
Seems to be lining up for the bear to return. I'm not crazy enough to pick tops though, I'll wait for it to break the trendline first before I hop on in.
Ditto
  • #372,248
  • Jan 25, 2011 12:47pm Jan 25, 2011 12:47pm
Quoting lev1987
atm it seems like a wise advice
it's testing 1.3652 again...
possible that ty will do a shake out at either the top or bottom, watch for which direction it drifts after ny close and I've often seen it do a false break in the opposite direction at ty open (not always, of course each situation is unique)...
  • #372,249
  • Jan 25, 2011 12:48pm Jan 25, 2011 12:48pm
Quoting cloggie
That is one of the traps of MT4, it all depends on your broker. All here have different H4/Daily/Weekly due to this.

I standardised mine to GMT and keep a note of NY roll as it is handover to Asia.

Find a broker that lines up with your needs, do some research they are all different.

Go back over H4 charts posted here, you will find them all different.

Only a handful of brokers start at 10pm GMT on Sunday, they are the lazy ones that do not include Wellington and Sydney.

If you are a MA trader it gets even more difficult as MA's are...
Thank you, can you tell me how to set MT4 so it works with GMT?
  • #372,250
  • Jan 25, 2011 12:48pm Jan 25, 2011 12:48pm
Quoting Nate04
Seems to be lining up for the bear to return. I'm not crazy enough to pick tops though, I'll wait for it to break the trendline first before I hop on in.
Yes, for those that love to pick tops... all you have to do is look at 1/20/2010, and how many people were convinced that was the top as well... 200+ pips later, sure, why not.
  • #372,251
  • Jan 25, 2011 12:49pm Jan 25, 2011 12:49pm
Quoting Walt
Thank you, can you tell me how to set MT4 so it works with GMT?

You can't, I had to run a datafeed seperately to get what I wanted.
  • #372,252
  • Jan 25, 2011 12:51pm Jan 25, 2011 12:51pm
Quoting mercy seat
Result until now ... 0.7971% profit (intraday)

semi auto modus ...



;-|
Today's result until now ... 1.8941% profit (intraday)

semi auto modus ... auto modus ... and at the end of the day some pure manual strategies in order to adjust and increase our daily results ...


More than 187 order executions until now ... step by step ... toute directions ... up and down ...

And our estimation at lunch time that those dips will give us some nice buying ops during that time zone has been worked for us well too ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-25_19h38_ EURUSD _ min001 _1100 x 800 (BarChart).PNG Size: 25 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #372,253
  • Jan 25, 2011 12:52pm Jan 25, 2011 12:52pm
Quoting Venice
Yes, for those that love to pick tops... all you have to do is look at 1/20/2010, and how many people were convinced that was the top as well... 200+ pips later, sure, why not.
fair enough, but if you have good reason to believe that price will reverse at a level, why not enter with a tight stop and move to b/e as it bounces?

low risk, high prob...

my two cents...
  • #372,254
  • Jan 25, 2011 12:52pm Jan 25, 2011 12:52pm
Quoting Walt
Thank you, can you tell me how to set MT4 so it works with GMT?
You can't - your MT4 time is fixed by your broker feed. But find one that closes at the right time, and you'll have the right daily & H4 candles, like this.
  • #372,255
  • Jan 25, 2011 12:52pm Jan 25, 2011 12:52pm
Quoting FibbinArchie
possible that ty will do a shake out at either the top or bottom, watch for which direction it drifts after ny close and I've often seen it do a false break in the opposite direction at ty open (not always, of course each situation is unique)...
anyway I'll give it a try, entered short @ 1.3653 | Trailing stop 14 pips | TP 1.3620

we'll see how it unfolds...
  • #372,256
  • Jan 25, 2011 12:53pm Jan 25, 2011 12:53pm
cloggie back ,
  • #372,257
  • Jan 25, 2011 12:53pm Jan 25, 2011 12:53pm
Quoting mercy seat
Today's result until now ... 1.8941% profit (intraday)

semi auto modus ... auto modus ... and at the end of the day some pure manual strategies in order to adjust and increase our daily results ...


More than 187 order executions until ... step by step ... toute directions ... up and down ...

And our estimation at lunch time that those dips will give us some nice buying ops during that time zone has been worked for us well too ...



;-|
absolute chop fest today...
  • #372,258
  • Jan 25, 2011 12:56pm Jan 25, 2011 12:56pm
Quoting lev1987
anyway I'll give it a try, entered short @ 1.3653 | Trailing stop 14 pips | TP 1.3620

we'll see how it unfolds...
well a lower equal high would be a bearish signal, but again take caution due to time of day...

edit: if it holds...
  • #372,259
  • Jan 25, 2011 12:56pm Jan 25, 2011 12:56pm
Quoting FibbinArchie
fair enough, but if you have good reason to believe that price will reverse at a level, why not enter with a tight stop and move to b/e as it bounces?

low risk, high prob...

my two cents...
You've bolded the most critical point there, and yes, you are correct. If you are solid at determining levels and reversal points, you are looking a huge r:r ratio which quickly goes to risk free...

Even that bear candle on 1/20/2010 played out within 5 pips of specific, predetermined levels.

I, personally, would be a lot better at trading if I would actually listen to my own advice.
  • #372,260
  • Jan 25, 2011 12:58pm Jan 25, 2011 12:58pm
Quoting mercy seat
Today's result until now ... 1.8941% profit (intraday)

semi auto modus ... auto modus ... and at the end of the day some pure manual strategies in order to adjust and increase our daily results ...


More than 187 order executions until now ... step by step ... toute directions ... up and down ...

And our estimation at lunch time that those dips will give us some nice buying ops during that time zone has been worked for us well too ...



;-|
GU was the best today... are you working on an EA?
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