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  • #634,601
  • Apr 26, 2012 6:09pm Apr 26, 2012 6:09pm
Quoting cloggie
If yours does not line up with mine, just look at your open for the hourly at 1900 GMT and the hourly close at 2300 GMT and you got your London based H4, no big deal.
That's a good one, thx. (actually very logical now I know the correct time)
  • #634,602
  • Apr 26, 2012 6:10pm Apr 26, 2012 6:10pm
Quoting Stretch
Ow that's a bummer than. At the moment I am satisfied where I am, will make a few million first to get a broker like yours ^^
Will search the internet for jforex stuff to maybe change the platforms time, H4 candle. Hopefully there is a workaround.

Thank you for the info, much appreciated! Now I at least now how it should be.

There is a timeframe multiplier, look at my attachments, I posted it here a week ago or so.

Use that on the hourly, set it to 4 and activate it at the right time, ie 0800 london time, 1200 london time, etc. and you have the correct H4.
  • #634,603
  • Apr 26, 2012 6:12pm Apr 26, 2012 6:12pm
Quoting cloggie
There is a timeframe multiplier, look at my attachments, I posted it here a week ago or so.

Use that on the hourly, set it to 4 and activate it at the right time, ie 0800 london time, 1200 london time, etc. and you have the correct H4.

Here you go, that is one way to get around it.,

http://www.forexfactory.com/showthre...87#post5591587

And you don't have to change brokers.
  • #634,604
  • Apr 26, 2012 6:12pm Apr 26, 2012 6:12pm
3175 was 1st fence for bear, last low 1hr although get it was not confirm by rising 1hr tl , possibly if try agin this hour is true 1st fence, if get new low we off to next station but 1st fence is 1st fence and desreve respect choo choo
If you are new to Forex? Say Goodbye to your account!!
  • #634,605
  • Apr 26, 2012 6:13pm Apr 26, 2012 6:13pm
OK, I am pissed of now, that was a non event. No long term shorts in sight.

Cover your shorts if you had a good entry and start scalping again. The daily could still go either way, nothing worth holding overnight or even longer.



Toodles.
  • #634,606
  • Apr 26, 2012 6:15pm Apr 26, 2012 6:15pm
Quoting cloggie
5 pips, what a letdown. I was really looking forward to a major change of sentiment and we got nothing, nada, zilch, zero.

Just another day of ranging. Ah well what's another day after 10 weeks of this crap.
may be it is just a 5 pips but remember what you said last week? 5 pip is good enough but if the Data/ News tomorrow is going to change your prediction - dont worry - we the noobs understand!!http://www.forexfactory.com/images/icons/icon14.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #634,607
  • Apr 26, 2012 6:18pm Apr 26, 2012 6:18pm
Quoting cloggie
There is a timeframe multiplier, look at my attachments, I posted it here a week ago or so.

Use that on the hourly, set it to 4 and activate it at the right time, ie 0800 london time, 1200 london time, etc. and you have the correct H4.
I found it in your posts, but it's not compiling in my jforex platform. And I am not using MT4 at the moment. But I have it saved so going to take a look at it. Thanks!
  • #634,608
  • Apr 26, 2012 6:21pm Apr 26, 2012 6:21pm
Quoting cloggie
OK, I am pissed of now, that was a non event. No long term shorts in si


Cover your shorts if you had a good entry and start scalping again. The daily could still go either way, nothing worth holding overnight or even longer.



Toodles.
Cloggie:

As always GREAT stuff Thx
  • #634,609
  • Apr 26, 2012 6:21pm Apr 26, 2012 6:21pm
Quoting Avir
may be it is just a 5 pips but remember what you said last week? 5 pip is good enough but if the Data/ News tomorrow is going to change your prediction - dont worry - we the noobs understand!!http://www.forexfactory.com/images/icons/icon14.gif

Crap, I need to go to sleep.


Yes it is 5 pips, and yes my levels are pip perfect, but don't forget the 3rd item I always mention and that is momentum, there is none on any of the lower TF's from H4 on down.

Look back how beautiful the 3132 break was earlier to get us through 3260, and now compare that to what we are seeing here. Yup a dead market.

Now keep this level in mind, because the next time we are going to see it (yes we are going up) keep an eye on momentum and see what she will give us then.


Gotta get some sleep, markets open again in 6 hours. (yes I am trading on a Friday, I want to see how the Germans are going to react.)




Toodles.
  • #634,610
  • Apr 26, 2012 6:25pm Apr 26, 2012 6:25pm
long @3186 tp@3245,sl@3162

i just have to sleep now, hoping green pips by 05:00:sleeping:
  • #634,611
  • Apr 26, 2012 6:25pm Apr 26, 2012 6:25pm
nzd looks like ready to fall off a cliff
  • #634,612
  • Apr 26, 2012 6:25pm Apr 26, 2012 6:25pm
tricky and dangerous.
but it's looking bearish, daily and weekly, now more than ever.
longs beware, glad i closed position today loosing only the broker rights.

dollar index will turn north, i guess, although looks hard.
US can't export the same, but it is doing a great job by importing less.

i'm blank. big money to make here, but where will this turn ?
I'll shop after the drop
  • #634,613
  • Apr 26, 2012 6:28pm Apr 26, 2012 6:28pm
Quoting cloggie
Crap, I need to go to sleep.


Yes it is 5 pips, and yes my levels are pip perfect, but don't forget the 3rd item I always mention and that is momentum, there is none on any of the lower TF's from H4 on down.

Look back how beautiful the 3132 break was earlier to get us through 3260, and now compare that to what we are seeing here. Yup a dead market.

Now keep this level in mind, because the next time we are going to see it (yes we are going up) keep an eye on momentum and see what she will give us then.


Gotta get some sleep, markets open...
Please go to sleap, more you rest more time you are here - helps a lot of us. see u in the morn!!
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #634,614
  • Apr 26, 2012 6:29pm Apr 26, 2012 6:29pm
Quoting cloggie
Crap, I need to go to sleep.


Yes it is 5 pips, and yes my levels are pip perfect, but don't forget the 3rd item I always mention and that is momentum, there is none on any of the lower TF's from H4 on down.

Look back how beautiful the 3132 break was earlier to get us through 3260, and now compare that to what we are seeing here. Yup a dead market.

Now keep this level in mind, because the next time we are going to see it (yes we are going up) keep an eye on momentum and see what she will give us then.


Gotta get some sleep, markets...
Sleep well, until tomorrow!
  • #634,615
  • Apr 26, 2012 6:29pm Apr 26, 2012 6:29pm
Quoting sidhujag
nzd looks like ready to fall off a cliff
ya, i followed it but nzd had ssso many aces up the sleeve; looks like they are over, lol
I'll shop after the drop
  • #634,616
  • Apr 26, 2012 6:31pm Apr 26, 2012 6:31pm
Quoting cloggie

Gotta get some sleep, markets open again in 6 hours. (yes I am trading on a Friday, I want to see how the Germans are going to react.)

Toodles.
Thanks for the hint. I got what i want. Now its time for calculations.
  • #634,617
  • Apr 26, 2012 6:33pm Apr 26, 2012 6:33pm
Quoting cloggie
Crap, I need to go to sleep.


Yes it is 5 pips, and yes my levels are pip perfect, but don't forget the 3rd item I always mention and that is momentum, there is none on any of the lower TF's from H4 on down.
Cloggie,
what's the best indicator for representing momentum? or it's how long the candle is?

Thx! and Goodnight to you!
  • #634,618
  • Apr 26, 2012 6:34pm Apr 26, 2012 6:34pm
Quoting lolygagv2
The best way is to just look at the charts. Statistically, A currency pair is assumed to be a "random walk" that is, you can't truly predict its future, and the best indicator of future price, is the immediate past price, same with support/resistance levels. The most immediate previous Support or resistance level at the price is your best indicator of where the next one will be.

So, for example.....right now, we have been going up in Euro, the last time we were at these levels was April 1-4th, so you return to that area on the charts to look...
Thanks that was a very helpful post.. I hope some other less experienced traders read that as well...
Luck has no place in trading. Leave that for the poker table.
  • #634,619
  • Apr 26, 2012 6:44pm Apr 26, 2012 6:44pm
Quoting KiwiTrada
3175 was 1st fence for bear, last low 1hr although get it was not confirm by rising 1hr tl , possibly if try agin this hour is true 1st fence, if get new low we off to next station but 1st fence is 1st fence and desreve respect choo choo
this rally is looking weak, 3190 or 3195 should cap her, not suggest to short they should already be well above, but may look to add a couple scalp sell 95 ish sl above 3205 , and yes I looking to sell support blah blah blah, It is suit my plan to try add.
If you are new to Forex? Say Goodbye to your account!!
  • #634,620
  • Apr 26, 2012 6:45pm Apr 26, 2012 6:45pm
Quoting freelinks
long @3186 tp@3245,sl@3162

i just have to sleep now, hoping green pips by 05:00:sleeping:
you are fecking serious look at the last h4 candle.... at least look for a reversal candle to go long. You stop loss will be hit
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