Can someone suggest a broker who uses GMT+1 (or GMT-3) for their server time? I'm trying to run four sets of 4H charts. Every broker I've tried seems use GMT, GMT+2, or GMT+3. Thanks.
james16 Chart Thread
- #96,002
- Jun 3, 2011 12:34pm Jun 3, 2011 12:34pm
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
- #96,003
- Jun 3, 2011 12:58pm Jun 3, 2011 12:58pm
When trading your breakout strategy on a smaller time frame(4HR charts),
**What time of day is this done? Anytime a signal is given or only during higher volume periods like 2am-11am EST or 6pm-12am (For Jpy, Aud or Nzd currencies)?
**I know that on a daily time frame we should enter about 10-15 pips below the PA candle's low if we want to short or 10-15 pips above the PA candle's high if we want to buy, but what do you do on 4HR charts? Do you give it the same 10-15 pips even though it is a shorter time frame?
Do you have any more instructional info available? I have seen the videos in the J16 site & they were VERY helpful. Thank you!
**What time of day is this done? Anytime a signal is given or only during higher volume periods like 2am-11am EST or 6pm-12am (For Jpy, Aud or Nzd currencies)?
**I know that on a daily time frame we should enter about 10-15 pips below the PA candle's low if we want to short or 10-15 pips above the PA candle's high if we want to buy, but what do you do on 4HR charts? Do you give it the same 10-15 pips even though it is a shorter time frame?
Do you have any more instructional info available? I have seen the videos in the J16 site & they were VERY helpful. Thank you!
Hey guys,
new to the thread and reading (I'm only on page 30 of 93827139827 but that material so far is gold!).
I've been trading fx now for about 6 years and have surprisingly come out at relatively breakeven. I would certainly like to grow my account though and this is the first methodology I've seen that doesn't reply on blackbox nonsense.
Just wanted to say thanks to James and everyone else that has contributed. I'm looking forward to joining the pf once I get a little further in reading the thread.
-Shaun
TransPorter: Thank you for your reply.
- #96,008
- Jun 3, 2011 4:10pm Jun 3, 2011 4:10pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
When trading your breakout strategy on a smaller time frame(4HR charts),
**What time of day is this done? Anytime a signal is given or only during higher volume periods like 2am-11am EST or 6pm-12am (For Jpy, Aud or Nzd currencies)?
**I know that on a daily time frame we should enter about 10-15 pips below the PA candle's low if we want to short or 10-15 pips above the PA candle's high if we want to buy, but what do you do on 4HR charts? Do you give it the same 10-15 pips even though it is a shorter time frame?
Do you have any more instructional...
Hey RD
The majority of my 4hr and under trades get executed during them main sessions. Roughly 2-3am est -9/10am est. There are of course exceptions to this if volatility is very high else where and opportunity knocks
For my buffers, they depend on the pair and what else is around but generally i use something like
1hr- 5-10
4hr -10-17
daily -12 -25
weekly 20-40
Again that's a very general idea, but hopefully helps
As for my material, are you a member of the PF by the way you worded your sentence? If so send me a PM I can link you to videos you may have not seen that get missed. If not and you meant guest videos, continue to check those out I try to update one every 3-4 months and of course I post quite a bit in here
Have a great weekend hope this helps and thanks for the nice comments
Mike
- #96,009
- Jun 3, 2011 4:10pm Jun 3, 2011 4:10pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hey guys,
new to the thread and reading (I'm only on page 30 of 93827139827 but that material so far is gold!).
I've been trading fx now for about 6 years and have surprisingly come out at relatively breakeven. I would certainly like to grow my account though and this is the first methodology I've seen that doesn't reply on blackbox nonsense.
Just wanted to say thanks to James and everyone else that has contributed. I'm looking forward to joining the pf once I get a little further in reading the thread.
-Shaun
No trickery here just good old simple chart reading with some simple concepts. Time and practice is what it takes. But seems you are willing to put that in
Welcome and have a nice weekend
Mike
- #96,012
- Jun 3, 2011 6:56pm Jun 3, 2011 6:56pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
COOL!
i'd love to try that... although im not sure if i'll enjoy the speed of the ride
hey Avanish, have u tried such a ride?
hope u invite me to do that once i get to visit india. (how about in Pakistan, nasir, ghous?)
We have the problem of overloading of everything that can be potentially boarded. Ships, buses, rickshaws (the local taxi), trains, even donkey carts.
g.
I believe . . .
- #96,013
- Jun 3, 2011 6:57pm Jun 3, 2011 6:57pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
He's probably the guy with the yellow skirt stuck on the front of the locomotive
Looks like he boarded the train on the run (fast run).
...g.
I believe . . .
- #96,015
- Jun 3, 2011 7:22pm Jun 3, 2011 7:22pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #96,019
- Jun 4, 2011 12:16am Jun 4, 2011 12:16am
- Joined Feb 2008 | Status: sucker for punishment | 2,444 Posts
PATIENCE... DISCIPLINE
- #96,020
- Jun 4, 2011 4:15am Jun 4, 2011 4:15am
That made me laugh out loud.
g.
Hi guys,
I had been waiting all the week for this brakeout and it happend on friday afternoon and moreover after NFP release so I didn't dare to enter. Hmm, next time.
Nice weekend!
Jarda
Follow my trading on Twitter and FB: @pumlitch