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  • #31,701
  • Mar 5, 2014 2:17am Mar 5, 2014 2:17am
Quoting MrAussieFX
Could anyone help me with why the time difference of nearly 2 hours between MT4(FXCM) and Tradestation(FXCM). Although, I am comfortable with MT4 and using it. The last 3 candles are same in both but its just the time difference. {image} {image} Reagards
MrAussieFX,

I trade at FXCM too. And yes, there are different data sources for MT4 and TSII at FXCM.

MT4 starts the daily candle at GMT-time, TSII at GMT-2. Thats the reason that H4 candles differ between the platforms, because they consist of different data ranges. MT4 opens a H4 candle at 0/4/8/12/16/20:00 GMT, TSII at 22/2/6/10/14/18:00 GMT.

I.e. the current H4 candle on TSII started at 6 GMT and consists of the H1 candles from 6, 7, 8 and currently bulilding 9 o'clock (currently running)
On MT4 the H4 candle is currently building up from the first H1 candle at 8 and will be build with the further one at 9, 10 and 11 GMT.

No problem on H1, here we have logically the same data and same candles.
fxFox (all times in my charts are GMT+1)
  • #31,702
  • Mar 5, 2014 2:19am Mar 5, 2014 2:19am
Quoting hoperich
{quote} Hey buddy, looks like we were thinking and hitting the keys same time. From H4 chart, Market is in channel and hopefully it will hit your target 140.90 as a upper line. I am also considering plan B to enter short in case it end up making ABCD and break the support. What you think? hoperich {image}
Hi mate, I am looking for 140.90 because thats my next price level, Price moves in waves so we will get pull backs!

I have also added to my position at LO targeting 140.90 because I saw divergence on the 15min chart

hope that help
Give yourself a chance and trade it like it's layed out...
  • #31,703
  • Mar 5, 2014 2:33am Mar 5, 2014 2:33am
Quoting Bizzzle
{quote} Hi mate, I am looking for 140.90 because thats my next price level, Price moves in waves so we will get pull backs! I have also added to my position at LO targeting 140.90 because I saw divergence on the 15min chart hope that help
I am long on EURJPY H1 too. Entry on PCRF, target 140.90 for other reason, as seen in the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-05 09.30 EURJPY - status.png Size: 169 KB
fxFox (all times in my charts are GMT+1)
  • #31,704
  • Mar 5, 2014 2:37am Mar 5, 2014 2:37am
Quoting fxFox.mb
{quote} I am long on EURJPY H1 too. Entry on PCRF, target 140.90 for other reason, as seen in the chart. {image}
Give yourself a chance and trade it like it's layed out...
  • #31,705
  • Mar 5, 2014 2:54am Mar 5, 2014 2:54am
Quoting darranforex
Hello NikTrad, I am attaching the preset I set up (I only changed "manage this pair only" ) the rest are default settings. I am also attaching the mptm file I have...beware this may be a corrupt copy of mptm. Actually, apparently I cannot send a preset file this way. I will try to zip the files. Thanks, darran {file} {file}
Hi Darranforex

I have tried using your settings with my mptm on Alpari and MT4 v4 build 600. The chart says break even set to 10 & break even profit set to 2. This is as expected but different from the chart you uploaded.
I got the same result (chart says break even set to 10 & break even profit set to 2) with your settings and your mptm on Alpari.

So I'm not sure why your chart display was different.
  • #31,706
  • Mar 5, 2014 3:01am Mar 5, 2014 3:01am
Took this long on EJ H1. I hope most of us are in this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EJH1-Edited.png Size: 188 KB


Why I took this Trade ?

1. Based on the synergy method and TMS
2. TDI (Green above 50 , above red , above yellow, Pointing 1-2 O'clock)
3. Candle out of the Price action channel

What worries me now:
1. EUR news in an hour or so.

Any suggestions ?

Regards
  • #31,707
  • Mar 5, 2014 3:03am Mar 5, 2014 3:03am
Long EJ on break of Asian high as well.
Everything you can imagine, is real - Pablo Picasso
  • #31,708
  • Mar 5, 2014 3:03am Mar 5, 2014 3:03am
Quoting fxFox.mb
{quote} MrAussieFX, I trade at FXCM too. And yes, there are different data sources for MT4 and TSII at FXCM. MT4 starts the daily candle at GMT-time, TSII at GMT-2. Thats the reason that H4 candles differ between the platforms, because they consist of different data ranges. MT4 opens a H4 candle at 0/4/8/12/16/20:00 GMT, TSII at 22/2/6/10/14/18:00 GMT. I.e. the current H4 candle on TSII started at 6 GMT and consists of the H1 candles from 6, 7, 8 and currently bulilding 9 o'clock (currently running) On MT4 the H4 candle is currently building up...

Thanks Fox
  • #31,709
  • Mar 5, 2014 3:07am Mar 5, 2014 3:07am
Quoting MrAussieFX
Took this long on EJ H1. I hope most of us are in this trade. {image} Why I took this Trade ? 1. Based on the synergy method and TMS 2. TDI (Green above 50 , above red , above yellow, Pointing 1-2 O'clock) 3. Candle out of the Price action channel What worries me now: 1. EUR news in an hour or so. Any suggestions ? Regards
I entered the candle before as http://assets.forexfactory.net/nfs/c...tar69907_2.gif eelfranz has said :

We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter...

yours was entered on the beginning of candle 3 right?
Give yourself a chance and trade it like it's layed out...
  • #31,710
  • Mar 5, 2014 3:08am Mar 5, 2014 3:08am
GBP/USD have divergence on the 4 hour chart?? anyone in this trade?
Give yourself a chance and trade it like it's layed out...
  • #31,711
  • Mar 5, 2014 3:19am Mar 5, 2014 3:19am
Quoting Bizzzle
{quote} I entered the candle before as {image} eelfranz has said : We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... yours was entered on the beginning of candle 3 right?
Yes, It was actually candle 3. I was waiting for the second candle to finish outside of the PAC and it was news. So, I waited and entered when it news past and new candle emerged confirming outside PAC.

Regards
  • #31,712
  • Mar 5, 2014 3:23am Mar 5, 2014 3:23am
Quoting MrAussieFX
{quote} Yes, It was actually candle 3. I was waiting for the second candle to finish outside of the PAC and it was news. So, I waited and entered when it news past and new candle emerged confirming outside PAC. Regards
I see, best of luck mate
Give yourself a chance and trade it like it's layed out...
  • #31,713
  • Mar 5, 2014 3:28am Mar 5, 2014 3:28am
EJ is pulling back hard. LO fake out?
Everything you can imagine, is real - Pablo Picasso
  • #31,714
  • Mar 5, 2014 3:39am Mar 5, 2014 3:39am
Quoting Direwolf
EJ is pulling back hard. LO fake out?
That's no fake out. LO candle goes along with the short term trend and the FO candle.
Perhaps the move will not hit the expected target at 140.90, or first after a retracement - nobody knows (except the NSA?)

We'll see what happens. I took 1/2 pos. with +23 pips before - seeing the M15-TDI coming back from overbought area and expected a retrace.
Perhaps I enter again with that 1/2 pos. That depends on what the market does.
Currently we are at the 50% retracement of the previous upmove around the yesterdays high.
fxFox (all times in my charts are GMT+1)
  • #31,715
  • Mar 5, 2014 3:44am Mar 5, 2014 3:44am
Quoting fxFox.mb
{quote} That's no fake out.


The 1 hour candle hasn't even closed yet... how do you know its a fakey?
Give yourself a chance and trade it like it's layed out...
  • #31,716
  • Mar 5, 2014 3:57am Mar 5, 2014 3:57am
Quoting MrAussieFX
Took this long on EJ H1. I hope most of us are in this trade. {image} Why I took this Trade ? 1. Based on the synergy method and TMS 2. TDI (Green above 50 , above red , above yellow, Pointing 1-2 O'clock) 3. Candle out of the Price action channel What worries me now: 1. EUR news in an hour or so. Any suggestions ? Regards
MrAussieFx,

My suggestion:

Learn to use the PCRF which Phx62 shared here showing many of his trades and how he would use M15 entry in some cases.

You chased after the market with the huge H1 candle is not a good idea as you catch the tail end of that momentum candle and price will retrace.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 5 Mar LO PCRF example.png Size: 94 KB


Big E' H4 trading rule for entry is - enter on candle #1 and #2 with TDI cross mostly apply to H4 trading. H1 trading places more empahsis on price action PA and the TDI is to confirm the PA.

Hope this helps.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,717
  • Mar 5, 2014 4:03am Mar 5, 2014 4:03am
Quoting Bizzzle
{quote} The 1 hour candle hasn't even closed yet... how do you know its a fakey?
Bizzzle,
I do not "know" it - but thats my deviation interpretating the surroundings.
- short trend is up
- FO preceeding red candle is a PCRF sitting on a former S/R area
- FO is blue
- LO is blue
- candle after LO had a higher high

now the news move price - better retail sales EUR
fxFox (all times in my charts are GMT+1)
  • #31,718
  • Mar 5, 2014 4:05am Mar 5, 2014 4:05am
Quoting emmanuel7788
{quote} MrAussieFx, My suggestion: Learn to use the PCRF which Phx62 shared here showing many of his trades and how he would use M15 entry in some cases. You chased after the market with the huge H1 candle is not a good idea as you catch the tail end of that momentum candle and price will retrace. {image} Big E' H4 trading rule for entry is - enter on candle #1 and #2 with TDI cross mostly apply to H4 trading. H1 trading places more empahsis on price action PA and the TDI is to confirm the PA. Hope this helps.
Emmanuel,
What are those orange channels on your graph? I've been using Big E's Method 5 with 5 EMA, TDI and Stoch only. Are those channels helpful or essential?
Regards.
Those who know don't talk. Those who talk don't know.
  • #31,719
  • Mar 5, 2014 4:09am Mar 5, 2014 4:09am
Quoting fxFox.mb
{quote} Bizzzle, I do not "know" it - but thats my deviation interpretating of the surroundings. - short trend is up - FO preceeding red candle is the PCRF d - FO is blue - LO is blue - candle after LO had a higher high now the news move price - better retail sales EUR
I agree with you, also market makers (movers) will not just go straight up and straight down or we will all be billionaires

I believe as long as we have a good entry and Manage our Risk:Reward then we can have confidence to hold positions!!
Give yourself a chance and trade it like it's layed out...
  • #31,720
  • Mar 5, 2014 4:15am Mar 5, 2014 4:15am
Quoting hugecat
{quote} Emmanuel, What are those orange channels on your graph? I've been using Big E's Method 5 with 5 EMA, TDI and Stoch only. Are those channels helpful or essential? Regards.
Its a PAC channel designed by Dean Malone of compassfx!!
Give yourself a chance and trade it like it's layed out...
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