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CHOROS Interactive

  • #1,661
  • Oct 3, 2011 6:46am Oct 3, 2011 6:46am
Quoting dice action
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?
right now US close is at GMT+3 so it is correct.
later with the daylight hour changes it will be +2
  • #1,662
  • Oct 3, 2011 10:56am Oct 3, 2011 10:56am
Quoting dice action
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?
The +3 is because of Daylight Savings.

You had GoMarkets... stick with that if you have a real account (I think they restrict demos to 2 weeks unless you also have a real account).

FxPro is another you could use.
  • #1,663
  • Oct 3, 2011 4:15pm Oct 3, 2011 4:15pm
Okay, correct me if I'm wrong, but... They can't both be correct at the same time can they?
As of writing the time on Go Markets is 23:09 while the time on the other demo which is allegedly accurate in terms of NY close, is 00:09. So Go is on GMT+2, which is equivalent to current London time + 1 hour, while the other broker, which is said to be correct, is on GMT+3, which is equivalent to London time +2hrs, at this time.
  • #1,664
  • Oct 4, 2011 12:59am Oct 4, 2011 12:59am
EU:
Currently H4 10 and H1 35 are confluenced. If price goes up there, it would be a good place to short.

GU:
H4 10 and DPP are close. The H1 35 and RN a little higher. I will be monitoring action up there....
  • #1,665
  • Oct 4, 2011 12:59am Oct 4, 2011 12:59am
waiting for GU and EU to break or not the previous highs.
good morning Kosta, do you see anything interesting?
  • #1,666
  • Oct 4, 2011 1:39am Oct 4, 2011 1:39am
Hi, all
I always heard that it is better to have a low time frame like M5 or M1 to fine tune entry. do you also use MAs like 10ema, 50ema or 35sma? just look for the price action like pin-bar, engulf bars?

Thanks
Dancing with Candlesticks
  • #1,667
  • Oct 4, 2011 2:03am Oct 4, 2011 2:03am
Quoting iForex
Hi, all
I always heard that it is better to have a low time frame like M5 or M1 to fine tune entry. do you also use MAs like 10ema, 50ema or 35sma? just look for the price action like pin-bar, engulf bars?

Thanks
yep, M5 has the same MAs as M15, M1 has the M15 equivalents.
as for entries on them either PA or just fine tune touches.
PA is usualy an excuse to enter your plan (or abort) anyway.
Attached File(s)
File Type: zip templates_M1-M5.zip   9 KB | 303 downloads
  • #1,668
  • Oct 4, 2011 2:42am Oct 4, 2011 2:42am
perfect fib play so far in EU, to the pip bounces. lets see how it unfolds.
  • #1,669
  • Oct 4, 2011 3:01am Oct 4, 2011 3:01am
Quoting asos101
yep, M5 has the same MAs as M15, M1 has the M15 equivalents.
as for entries on them either PA or just fine tune touches.
PA is usually an excuse to enter your plan (or abort) anyway.
thanks, asos101

That means on M1 it will be 150ema, 525sma & 750 ema. I also saw some other mas on your template.
So for example: when price is approaching M1 150ema, at the same time it also follow 15M 10 ema 2bar rules. then I will wait for a pin-bar or inside bar....
Dancing with Candlesticks
  • #1,670
  • Edited 5:37am Oct 4, 2011 5:10am | Edited 5:37am
Quoting iForex
thanks, asos101

That means on M1 it will be 150ema, 525sma & 750 ema. I also saw some other mas on your template.
So for example: when price is approaching M1 150ema, at the same time it also follow 15M 10 ema 2bar rules. then I will wait for a pin-bar or inside bar....
these M1 MAs correspond to the M15 yes.
as for PA, it is not a requirement to take a trade, just an "extra push" maybe.
as for what kind of PA, everyone has his own favorites. to say the truth i dont use PA so much to get in a trade rather than avoid one, say if i see a significant pin or a fully engulfing in M5. to use PA other than pins to get into a trade is unusual for me, because by the time i have a formation the price has moved quite a lot usually. thats why i prefer touches, in the face of the retracing candle, if they work fine, if not ... they will take out my small SL, thats fine.
  • #1,671
  • Oct 4, 2011 5:47am Oct 4, 2011 5:47am
Quoting dice action
Okay, correct me if I'm wrong, but... They can't both be correct at the same time can they?
As of writing the time on Go Markets is 23:09 while the time on the other demo which is allegedly accurate in terms of NY close, is 00:09. So Go is on GMT+2, which is equivalent to current London time + 1 hour, while the other broker, which is said to be correct, is on GMT+3, which is equivalent to London time +2hrs, at this time.
They are both "correct". The candles only "sum up" what the price has done over the time period.

If I held up a coin between you and me, you see heads, and I see tails. We see it differently, but we both see the same coin and we are both correct.
  • #1,672
  • Oct 4, 2011 8:09am Oct 4, 2011 8:09am
Attached Image (click to enlarge)
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  • #1,673
  • Oct 4, 2011 8:16am Oct 4, 2011 8:16am
yep, just saw that on the useless thread. 1.3246 has been called by Gator earlier this morning i think when fibs were working like clockwork. after that it was a big mess. but yes very valid retrace area.
lets hope things get moving a bit soon, its been crap all day in EU and i lost the only good entry point around 12 o clock GU.
  • #1,674
  • Oct 4, 2011 8:25am Oct 4, 2011 8:25am
Quoting kostas1
It seems we'll have a cross on M15 for a retrace H1 and H4. Regarding H4 prices are very far from MM.
  • #1,675
  • Oct 4, 2011 8:29am Oct 4, 2011 8:29am
Quoting asos101
yep, just saw that on the useless thread. 1.3246 has been called by Gator earlier this morning i think when fibs were working like clockwork. after that it was a big mess. but yes very valid retrace area.
lets hope things get moving a bit soon, its been crap all day in EU and i lost the only good entry point around 12 o clock GU.
8.45 am was also a good entrance with a pin on M5 even if london was closed.
  • #1,676
  • Oct 4, 2011 8:45am Oct 4, 2011 8:45am
Quoting mik76
8.45 am was also a good entrance with a pin on M5 even if london was closed.
looking at it now yes, but at the time it was still range bound and very close to the bottom of it. also it was not a real touch.

the one i say is rather scary also, just 2 bars after the huge pin...
i dont think i would have taken that either.
  • #1,677
  • Edited 9:49am Oct 4, 2011 9:25am | Edited 9:49am
Kostas call earlier at around 1.3246 was rather good, confluence of Dp, H1 35, H4 10, fib 161.8 .
10pip DD so it reached the H4 10, trailing that now on a demo trade... and bitting myself that i didnt take for real.

easy come eaasy go i guess..
seems to be another intervention by the swiss.
  • #1,678
  • Oct 5, 2011 1:43am Oct 5, 2011 1:43am
Quoting asos101
yep, just saw that on the useless thread. 1.3246 has been called by Gator earlier this morning i think when fibs were working like clockwork. after that it was a big mess. but yes very valid retrace area.
lets hope things get moving a bit soon, its been crap all day in EU and i lost the only good entry point around 12 o clock GU.

What is "the useless thread"? Or should I ask which one in particular!
  • #1,679
  • Oct 5, 2011 2:15am Oct 5, 2011 2:15am
Quoting bigtent
What is "the useless thread"? Or should I ask which one in particular!
yep the "really useless thread", kenfen's. its a real mess there, each one trades their own system, but its good for news and education in general.
  • #1,680
  • Edited 3:52am Oct 5, 2011 3:35am | Edited 3:52am
Hi everybody,

I'd like to know what is your DP on EURUSD. Mine is 1.32834. I'm asking this question cause I saw yesterday that my EURUSD pivots was different with Kostas.

Thanks for answer.

Mik76
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