Hi guys, so, my favourite situation happened and Market eat my stops while I was at school. Really hate this. So have lost all UJ entries, although stops were +1,9%, would prefere to hold those little fellas, I nurtured em. Got filled another entry at 117,545 - this beeing my only swing trade now. I have also loaded some nonscence scalps right now as I wasnt exposed enough. Will kill these if we cross last weeks close. Hope you guys are getting nice pipsT
- #955,102
- Jan 27, 2015 1:26pm Jan 27, 2015 1:26pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #955,107
- Jan 27, 2015 2:01pm Jan 27, 2015 2:01pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
{quote} Does Oanda finally have NY-closing times? Otherwise, I wouldn't bother with the H4 they provide.
. Some could say LO has impact you know?edit: Anyway, ofc NY candles better, but NY not opened all day, think all have some value.
"I know one thing, that I know nothing." Sokrates
- #955,112
- Jan 27, 2015 2:16pm Jan 27, 2015 2:16pm
- Joined Jan 2010 | Status: Trader | 11,001 Posts
{quote} No, we have LO candles. Stop mocking em, I like em
I'm not mocking them, just pointing out the obvious shortcomings. Even Frankfurt-based candles could be considered "full of impact". To each their own.
- #955,113
- Jan 27, 2015 2:28pm Jan 27, 2015 2:28pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
From the back of my mind, the candles were based on Sydney, not London. I'm not mocking them, just pointing out the obvious shortcomings. Even Frankfurt-based candles could be considered "full of impact". To each their own.
, was more of a joke again, but am saying - give credit to London . I also agree Wall Street moves the world. Prague PX50 correlated 90% with DJIA no matter what our stupid politicians do. So it is only rational to use NY candles. But since I am swing trader am watching mostly daily and weekly. For those h4 breaks of daily lines, I admit am using LO candles more often simply because of reason I dont want to redraw lines I ve made in MT4 and not finished my .xls programs bcos of school. But I also watch NY coz know it is more important during NY times. Generally it led me to focus more on H1 chart and skip H4. Also am focusing much more on patterns like HaS or CupnHandle below some daily S/R compared to h4 closes.But I digress. Not sure here, but I think although stocks are traded mostly in NY, bonds and derivatives mostly in LO. So depends on which asset classes currently move the market. Think if we are for example looking at bond yields of Southern Europe, these are traded mostly in LO, so LO H4 better for this case. Never clear.
T
"I know one thing, that I know nothing." Sokrates
- #955,115
- Jan 27, 2015 2:47pm Jan 27, 2015 2:47pm
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #955,117
- Jan 27, 2015 2:53pm Jan 27, 2015 2:53pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Things seem pretty clear for now, all. We're trading in this channel and should take advantage until we're told otherwise:
check out my blog: forexmademillionaire dot com
- #955,119
- Jan 27, 2015 3:14pm Jan 27, 2015 3:14pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
You got a pm, tom.
"I know one thing, that I know nothing." Sokrates