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  • #1,641
  • Oct 3, 2011 2:07am Oct 3, 2011 2:07am
Quoting kostas1
London is still closed but in GU the H1 10 is confluenced with M15 35/50 and RN. I may try a short there.
Got 50% of daily quota (+15p) with that nice M5 pin.
  • #1,642
  • Oct 3, 2011 2:10am Oct 3, 2011 2:10am
  • #1,643
  • Oct 3, 2011 2:22am Oct 3, 2011 2:22am
Quoting makonen
I am tempted to take it again if it bounces at the RN (1.5500 & M15 35)....
  • #1,644
  • Oct 3, 2011 2:27am Oct 3, 2011 2:27am
Quoting kostas1
Got 50% of daily quota (+15p) with that nice M5 pin.
Took the same...+22.5
You are allowed to fall but you are imposed to get up!
  • #1,645
  • Edited 3:00am Oct 3, 2011 2:52am | Edited 3:00am
Not so sure about the look of h4 gu...

Also, forgive me as this is not a dance chart, but have a look...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu h4.gif Size: 13 KB
Click to Enlarge Name: not dance chart.gif Size: 17 KB
  • #1,646
  • Oct 3, 2011 3:21am Oct 3, 2011 3:21am
GM all,
In GU price is about to reach H4 35 and H1 35 and 50 MA lines. Would anyone consider to short at this point?
  • #1,647
  • Oct 3, 2011 3:24am Oct 3, 2011 3:24am
Quoting kostas1
Got 50% of daily quota (+15p) with that nice M5 pin.
Quoting kostas1
I am tempted to take it again if it bounces at the RN (1.5500 & M15 35)....
Nice to know I'm not blind I guess. I missed the fill the first time around, and got eaten the second time it came back.

I didn't like how price couldn't stay in positive territory for very long and thought about getting out, but I stayed in thinking "of course as soon as I close it out manually it'll go shooting into profit."
Attached Image (click to enlarge)
Click to Enlarge Name: 20111003_0345.png Size: 53 KB
Hindsight is 20/20
  • #1,648
  • Oct 3, 2011 3:28am Oct 3, 2011 3:28am
Here's a dilemma that I hope people can address...

See chart number one, no clear trade there, right? This is from the Broker Go Markets, which is on GMT+2.

Now the next chart, different broker, on GMT (PS: London is on GMT+1 atm).
See the two bar retrace short trade?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 15 KB
Click to Enlarge Name: chart 2.gif Size: 15 KB
  • #1,649
  • Oct 3, 2011 3:31am Oct 3, 2011 3:31am
Quoting Payles
GM all,
In GU price is about to reach H4 35 and H1 35 and 50 MA lines. Would anyone consider to short at this point?
I hope you are/were short from 5580...
Attached Image (click to enlarge)
Click to Enlarge Name: 20111003_0430_news.png Size: 23 KB
Hindsight is 20/20
  • #1,650
  • Oct 3, 2011 3:35am Oct 3, 2011 3:35am
Quoting Payles
GM all,
In GU price is about to reach H4 35 and H1 35 and 50 MA lines. Would anyone consider to short at this point?
I was sitting waiting for this... H1 35 and 50, H4 10 and 35, WP, M15 62 and 100...

Then it shot up 12 pips hit the H1 50 and shot down a 100 pips in seconds!!!!!!

Too quick for this little black duck!
  • #1,651
  • Oct 3, 2011 3:41am Oct 3, 2011 3:41am
Quoting dice action
Here's a dilemma that I hope people can address...

See chart number one, no clear trade there, right? This is from the Broker Go Markets, which is on GMT+2.

Now the next chart, different broker, on GMT (PS: London is on GMT+1 atm).
See the two bar retrace short trade?
There is no answer for that, really. What is the "correct" time zone in a decentralized market? You get the same hassles with pivots, etc.
  • #1,652
  • Oct 3, 2011 3:42am Oct 3, 2011 3:42am
Quoting cosgrove
I hope you are/were short from 5580...
Darn..... I was waiting patiently and happened in seconds. In any case, I entered at the close of the M5 bar after the news and managed another 20p so I am not going to complain.....

P.S. For those asking why, you will see that the second bar bounced from 1.5500 and M5 10 and usually GU will retest the low of that long M5 bar.
  • #1,653
  • Oct 3, 2011 3:44am Oct 3, 2011 3:44am
Pound is dropping after good PMI news .... Funny mentals fails again!
  • #1,654
  • Oct 3, 2011 3:47am Oct 3, 2011 3:47am
Quoting kostas1
Darn..... I was waiting patiently and happened in seconds. In any case, I entered at the close of the M5 bar after the news and managed another 20p so I am not going to complain.....

P.S. For those asking why, you will see that the second bar bounced from 1.5500 and M5 10 and usually GU will retest the low of that long M5 bar.

Well done! I was still in shock!
  • #1,655
  • Oct 3, 2011 3:53am Oct 3, 2011 3:53am
but not on another...

Well, I made a trade of it, +26
Attached Image (click to enlarge)
Click to Enlarge Name: gu h4 +26.gif Size: 17 KB
  • #1,656
  • Oct 3, 2011 4:20am Oct 3, 2011 4:20am
Quoting dice action
but not on another...

Well, I made a trade of it, +26
Just my opinion, but the GMT time zone servers are not as reliable as the the GMT+2 for some indicators such as pivots, etc, because the latter actually line up with the NY Close at end of day. That's probably as close to a "standard" as you'll get.
  • #1,657
  • Oct 3, 2011 4:21am Oct 3, 2011 4:21am
Quoting bigtent
Just my opinion, but the GMT time zone servers are not as reliable as the the GMT+2 for some indicators such as pivots, etc, because the latter actually line up with the NY Close at end of day. That's probably as close to a "standard" as you'll get.
AGREE.
  • #1,658
  • Oct 3, 2011 5:09am Oct 3, 2011 5:09am
Quoting bigtent
Just my opinion, but the GMT time zone servers are not as reliable as the the GMT+2 for some indicators such as pivots, etc, because the latter actually line up with the NY Close at end of day. That's probably as close to a "standard" as you'll get.
Yes, if any platform will draw pivot lines based on Sunday evening session, then this is incorrect. Monday's trading day starts with Monday open in Tokio (5pm Sunday evening in NY).
  • #1,659
  • Oct 3, 2011 5:10am Oct 3, 2011 5:10am
Ok, thanks for your replies. Good to know
  • #1,660
  • Oct 3, 2011 5:49am Oct 3, 2011 5:49am
Hm, so I downloaded this mt4 platform which is claimed to be on ny close...
http://www.learntotradethemarket.com...k-close-charts
http://www.alphaforex.com.au/forex-t...mo-account.htm

But after installing the mt4 demo I can see that the time is actually gmt +3...
What does this mean?
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