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High & Low 8 Hours (GBP/JPY)

  • #3,101
  • Apr 27, 2011 4:27am Apr 27, 2011 4:27am
Hi Nicotina,

I think you did not count one 1H candle. The above price of the range should be 134,96. Am I right?
  • #3,102
  • Apr 27, 2011 4:38am Apr 27, 2011 4:38am
Quoting MohSETH
Could You Help me?

I am Using FXPro They Have GMT +2. Could You tell me please that is my box drawn properly?

Thanks
18.00 to 2.00 gmt is the start of fxpro 20.00 to 3.59.
  • #3,103
  • Apr 27, 2011 4:44am Apr 27, 2011 4:44am
Thanks For help. I thought that FXPro is on Summer Time.

Kind regards
  • #3,104
  • Apr 27, 2011 4:55am Apr 27, 2011 4:55am
Quoting ttitto
Hi Nicotina,

I think you did not count one 1H candle. The above price of the range should be 134,96. Am I right?
Hehe. This kind of post always gives me a giggle. Have you actually read how long Nicotina has been trading this way? Do you seriously think he would make this kind of mistake?

You may not be aware that: different criminals = different feeds = different quotes; some criminals use different live and demo feeds: some criminals even give a variety of different quotes on demo, depending on which server is generating the quote.

My hi-lo and Nicotina's never match up; we are trading through different criminals.

  • #3,105
  • Apr 27, 2011 5:26am Apr 27, 2011 5:26am
Nicotina's prices and mine differ in the last two weeks with only 1-5 pips. Today the difference is much bigger - 20 pips. The currently stated high from Nicotina is also mine but from the next candle. That is why I posted this type of question. Let Nicotina answer please! And if he had a reason to miss that starting candle of the range let him explain why
  • #3,106
  • Apr 27, 2011 5:27am Apr 27, 2011 5:27am
Quoting SteveHopwood
Hehe. This kind of post always gives me a giggle. Have you actually read how long Nicotina has been trading this way? Do you seriously think he would make this kind of mistake?

You may not be aware that: different criminals = different feeds = different quotes; some criminals use different live and demo feeds: some criminals even give a variety of different quotes on demo, depending on which server is generating the quote.

My hi-lo and Nicotina's never match up; we are trading through different criminals.

hello roboman

how well are you doing with this system ? has it worked for you.

btw - i always thought nictotina was a woman !

  • #3,107
  • Apr 27, 2011 6:08am Apr 27, 2011 6:08am
Quoting ttitto
Hi Nicotina,

I think you did not count one 1H candle. The above price of the range should be 134,96. Am I right?
My values ​​are correct! The first candle the high is 134.75! Thanks anyway
  • #3,108
  • Apr 27, 2011 6:14am Apr 27, 2011 6:14am
I was thinking about adding two or three moving averages (SMA20/SMA50/SMA100) to see the trend and thus change the value of the lot or TP, but something simple! I appreciate suggestions!
  • #3,109
  • Apr 27, 2011 8:41am Apr 27, 2011 8:41am
Nicotina:
I use the 20 and 50 as they seem to be good SR values, especially when they are together.
  • #3,110
  • Apr 27, 2011 10:50am Apr 27, 2011 10:50am
would the ATR not be a better tool to decide the TP and value of the trade than some sma`s?
  • #3,111
  • Apr 27, 2011 4:05pm Apr 27, 2011 4:05pm
Quoting Nicotina
I was thinking about adding two or three moving averages (SMA20/SMA50/SMA100) to see the trend and thus change the value of the lot or TP, but something simple! I appreciate suggestions!
I like to think outside the box.

I use the emas all the time rhats how i gained 400 pips the other week. I always use the 200 sma. I use the 20 and 8 as well. Look at it and see what you think.

Can someone tell me : how to post a chart?

You could post only the above or below your ma's. Or when the ema start to slant. Just a thought.

Happy pipping.
  • #3,112
  • Apr 27, 2011 8:02pm Apr 27, 2011 8:02pm
Buy 137,01
Sell 136,04
  • #3,113
  • Apr 27, 2011 8:23pm Apr 27, 2011 8:23pm
Hello and thank you Nicotina. Did you just do the calculation about 2 minutes before you posted? This will help me to get the time zone correct.

Just a yes or no would be great.
  • #3,114
  • Apr 28, 2011 3:58am Apr 28, 2011 3:58am
Yes
  • #3,115
  • Apr 28, 2011 4:53am Apr 28, 2011 4:53am
Quoting smurf
I like to think outside the box.

I use the emas all the time rhats how i gained 400 pips the other week. I always use the 200 sma. I use the 20 and 8 as well. Look at it and see what you think.

Can someone tell me : how to post a chart?

You could post only the above or below your ma's. Or when the ema start to slant. Just a thought.

Happy pipping.


yes, but, both you and ronnie need to tell us ''how'' you use the ATR and emas ...
  • #3,116
  • Apr 28, 2011 6:46am Apr 28, 2011 6:46am
Newbie here...

When the orders are entered, are they entered as "One-Cancels-Other" orders? (OCO)

I'm in the US so I can't have both a long and short position on the same forex pair.

Thanks!
  • #3,117
  • Apr 28, 2011 10:05am Apr 28, 2011 10:05am
I entered the long and short orders per Nicotina's method.

Got stopped out of long position. I then re-entered the long order the exact same way. Short order was still pending.

Then, short order was triggered.

I cancelled the pending order for the long position because if price went above the stop for my short, that would meet the requirement for being stopped out twice in one day.

So I'm thinking that if you get stopped out and then your opposite order is triggered, that you would cancel the pending order in the other direction.

I hope this makes sense? LOL It was tough to think it through.
  • #3,118
  • Apr 28, 2011 6:43pm Apr 28, 2011 6:43pm
In the 1st post, it says to close orders out at the end of the day. It also lists 18:00 GMT.

Are open orders (where TP or SL has not been hit) closed many hours before new ones are taken or are they closed about 10 minutes before the new orders are placed for the next day.

Any help appreciated.
  • #3,119
  • Apr 28, 2011 6:49pm Apr 28, 2011 6:49pm
Quoting howard
UK time: 6:00 pm to 1:59 am, 8 one hour bars starting from 6 pm
So Howard if orders are open at 18:00GMT then they are closed manually. The next step is to wait until the 1:00GMT candle closes and then place the orders.

Is that correct - you close any open orders and then wait 8 hours to place new orders?

Thank you much.
  • #3,120
  • Apr 29, 2011 3:41am Apr 29, 2011 3:41am
Quoting ArthurF
So Howard if orders are open at 18:00GMT then they are closed manually. The next step is to wait until the 1:00GMT candle closes and then place the orders.

Is that correct - you close any open orders and then wait 8 hours to place new orders?

Thank you much.
Yes, that is the way Nicotina does it
Regards
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