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  • #373,441
  • Jan 26, 2011 6:56pm Jan 26, 2011 6:56pm
Quoting Purple
I am pretty sure if Eur/USD reverses today it will be because Kathy Lien said they reverse after 7 days and nothing else.

I am die hard fan of this strategy and I always make money out of it. I am not challenging Ms. Kathy Lien's strategy and thank her for coming out with this wonderful strategy.

But according to poster's original post some 2-3 pages back he said tomorrow's close will be the 7th green candle, which I am saying is untrue because today's close is 7th green candle and tomorrow's close will be 8th is we get it. As simple as that....

lol man is she single i would like to have an 8th wife
  • #373,442
  • Jan 26, 2011 6:56pm Jan 26, 2011 6:56pm
close in 9 m.. as long as we close below 3714 im on the short side. till we break one way or the other.
those who can, do. those who cant, talk about those who can
  • #373,443
  • Jan 26, 2011 7:07pm Jan 26, 2011 7:07pm
watching a few other pairs closely such as eurjpy.. we will see what tomorrow brings should go one way or another eventually.. just not to the west
EUR/JPY 4h
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EUR/USD
Attached Image (click to enlarge)
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  • #373,444
  • Jan 26, 2011 7:10pm Jan 26, 2011 7:10pm
Quoting darimik
watching a few other pairs closely such as eurjpy.. we will see what tomorrow brings should go one way or another eventually..
EUR/JPY 4h
Attachment
EUR/USD
Attachment
I concur...
  • #373,445
  • Jan 26, 2011 7:10pm Jan 26, 2011 7:10pm
sold @ 1.37066
  • #373,446
  • Jan 26, 2011 7:12pm Jan 26, 2011 7:12pm
funny world. my candle (day) didnt close till an hour ago. gmt. and i got someone from the d.a.'s office telling me it closed hours before.
those who can, do. those who cant, talk about those who can
  • #373,447
  • Jan 26, 2011 7:21pm Jan 26, 2011 7:21pm
Quoting gatorinla
funny world. my candle (day) didnt close till an hour ago. gmt. and i got someone from the d.a.'s office telling me it closed hours before.
All Banks that I know (from Singapore over Hong Kong to Zurich or Paris) are doing their rollover procedures for running into new 'value dates' at nearly the same time ...

And this is at 22h00 GMT or some do it one hour later at 23h00 GMT ...

UTC => Universal Time ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #373,448
  • Jan 26, 2011 7:25pm Jan 26, 2011 7:25pm
Quoting mercy seat
All Banks that I know (from Singapore over Hong Kong to Zurich or Paris) are doing their rollover procedures for running into new 'value dates' at nearly the same time ...

And this is at 22h00 GMT or some do it one hour later at 23h00 GMT ...

UTC => Universal Time ...
chart was posted live. with 7 green candles in a row. 6 were closed the 7th wasn't . my rollover and candles closes are 2 different things. do you really want to debate this?
those who can, do. those who cant, talk about those who can
  • #373,449
  • Jan 26, 2011 7:27pm Jan 26, 2011 7:27pm
before I go, 3737, 3760 and even 3777
  • #373,450
  • Jan 26, 2011 7:32pm Jan 26, 2011 7:32pm
Quoting gatorinla
chart was posted live. with 7 green candles in a row. 6 were closed the 7th wasn't . do you really want to debate this?
I'm not talking about your 7 candles ...

I don't care ...

I am only mention that all those services do see the same charts ... no matter if they are in Tokyo or whatever ...

And that is maybe not what your charts show ...

Moreover all platforms that are used for this purposes ... they do allow adjustment of time settings ... in order to align same kind of view ... not producing such errors ...

That's all ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #373,451
  • Jan 26, 2011 7:34pm Jan 26, 2011 7:34pm
Quoting redsword11
sold @ 1.37066

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scalped
  • #373,452
  • Jan 26, 2011 7:39pm Jan 26, 2011 7:39pm
Quoting mercy seat
I'm not talking about your 7 candles ...

I don't care ...

I am only mention that all those services do see the same charts ... no matter if they are in Tokyo or whatever ...

And that is maybe not what your charts show ...

Moreover all platforms that are used for this purposes ... they do allow adjustment of time settings ... in order to align same kind of view ... not producing such errors ...

That's all ...
different candle open and close times produce different charts. very important in candle trading
those who can, do. those who cant, talk about those who can
  • #373,453
  • Jan 26, 2011 7:50pm Jan 26, 2011 7:50pm
Quoting gatorinla
different candle open and close times produce different charts. very important in candle trading
That's true ... specially H3; H4; H6; H8 candles and so on are very sensitive to such things ...

That's why ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #373,454
  • Jan 26, 2011 7:53pm Jan 26, 2011 7:53pm
Quoting mercy seat
That's true ... specially H3; H4; H6; H8 candles and so on are very sensitive to such things ...

That's why ...
and some brokers close the day candle as well as the ones above the hour at different times. some use est and some don't.
those who can, do. those who cant, talk about those who can
  • #373,455
  • Jan 26, 2011 7:55pm Jan 26, 2011 7:55pm
hi..does anyone know how to close multiple positions(same pair) at same time manually on MT4? Thanks
  • #373,456
  • Jan 26, 2011 8:00pm Jan 26, 2011 8:00pm
Quoting gatorinla
and some brokers close the day candle as well as the ones above the hour at different times. some use est and some don't.
Let's see if we can get our close pre-London. Or if this is just a pivot tap.
  • #373,457
  • Jan 26, 2011 8:02pm Jan 26, 2011 8:02pm
Quoting intrepid1
hi..does anyone know how to close multiple positions(same pair) at same time manually on MT4? Thanks
I kinda think you ask in a wrong section..

But NVM,

Hope this helps..
Attached File(s)
File Type: ex4 CLOSE ALL POSITION.ex4   2 KB | 233 downloads
File Type: ex4 CLOSEALLPROFIT.ex4   2 KB | 224 downloads
  • #373,458
  • Jan 26, 2011 8:02pm Jan 26, 2011 8:02pm
Presumably the seven candle meme works in both directions. Now, we have to go all of twenty seven months back to find ten down day candles in a row (or maybe nine, or maybe eleven, I suppose, depending on when GMT each starts or ends).

Anyway, buying the ordained reversal after the 7th would only have had to face 17 handles of additional drawdown, and about three months of calendar, to get back to break even.
Attached Image (click to enlarge)
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  • #373,459
  • Jan 26, 2011 8:05pm Jan 26, 2011 8:05pm
Quoting gatorinla
and some brokers close the day candle as well as the ones above the hour at different times. some use est and some don't.
It's a long time ago that I was with an US service ... name was Linnco ... was in Chicago ... but they had 22h00 UTC or GMT as well ... which is 17h00 EST ... as far as I remember ... they used BRIDGE SYSTEMS for that ...

But was with time adjustment facillities too ... for that reasons ...

Because ... not soo funny when one party says ... hey ... look at that doji there ... and you cannot see ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #373,460
  • Jan 26, 2011 8:07pm Jan 26, 2011 8:07pm
Quoting OldQuant
Presumably the seven candle meme works in both directions. Now, we have to go all of twenty seven months back to find ten down day candles in a row (or maybe nine, or maybe eleven, I suppose, depending on when GMT each starts or ends).

Anyway, buying the ordained reversal after the 7th would only have had to face 17 handles of additional drawdown, and about three months of calendar, to get back to break even.
thats why you dont just enter. you use smaller candles as a entry and sl. hope fully as you would enter any other trade.
those who can, do. those who cant, talk about those who can
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