Strategy that could become millionaires

[Freddie]

OK, times corrected, thanks to Pauli.

 

Won't be able to run with this, have to drive my wife to town.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan03084.jpg

 

Back later

 

Freddie

[linkrink]

I guess why the price rebounded is because it was a resistence area (see yellow line)

 

http://img819.imageshack.us/img819/8873/oc3810resistence.png

[Freddie]

Hey, Linkrink, like the big pics but are you not also on the wrong time?

[linkrink]

Is it, really, please correct me if so.

i am on GMT+1 broker

 

with this settings

 

http://img94.imageshack.us/img94/6329/settingshr.png

[rover666]

http://my.jetscreenshot.com/3988/m_20100803-izdj-78kb.jpg

 

ready to enter

Edited August 3, 2010 by rover666

[synergy]

linkrink,

 

The correct setting should be

Begin_1 = 02:00

End_1 = 08:00

 

I am with GMT+1 broker (Alpari and that is my setting)

 

  linkrink said:

Is it, really, please correct me if so.

i am on GMT+1 broker

 

with this settings

 

http://img94.imageshack.us/img94/6329/settingshr.png

[linkrink]

Synergy:

 

Is it because of DST?

 

Because GMT 00:00 will make 01:00 for GMT+1?

Edited August 3, 2010 by linkrink

[pauli79]

Hey Guys its almost 8 am UK now as I post this..Best thing to do is check your BO candle now...is it ready to BO or is it an hour behind or in front etc.Then adjust your settings in Paramon accordingly.

[synergy]

Yes, that's correct.

[linkrink]

  synergy said:

Yes, that's correct.

 

But when i compare my GMT+1 settings with superfx, life for example for 28/07/2010, the timelines matches very closely.

 

http://indo-investasi.com/showthread.php/7963-Strategy-that-could-become-millionaires?p=90886&viewfull=1#post90886

 

my setup for 28/07/2010 with 01:00-07:00 settings

http://img205.imageshack.us/img205/5051/oc28710.png

 

Superfx setup on 28-07-2010

 

http://img836.imageshack.us/img836/8148/superfx28710.png

 

Please let me know if i a missing something here?

Edited August 3, 2010 by linkrink

[synergy]

I am not sure but it should be ended at 8 am London time, as per post #98.

[linkrink]

Even pauli (in post #98) is suspecting that he may be wrong. so not sure if london time should be used.

can somebody help?

 

  synergy said:

I am not sure but it should be ended at 8 am London time, as per post #98.

 

post #98

  pauli79 said:

Hey Freddie almost 'live' trading on here,very impressive.However why are you doing 6 am breakout when I thought we agreed it was 8 am BST or UK time.I may be wrong but thats how i understood it.

[chrisbenjy]

Hey linkrink,

 

The manual says 00:00 to 06:00 in IBFX broker time, I think they are GMT -1 (This would be 7:00 UK when it isn't daylight savings time). The UK is currently in BST due to daylight savings time, so that means the UK is in GMT +1. This means that for IBFX and all other GMT +1 brokers you have to +2 to the time.

 

You are aiming to get 7:00 BST (8:00 GMT).

 

Chris

[linkrink]

  chrisbenjy said:

Hey linkrink,

 

The manual says 00:00 to 06:00 in IBFX broker time, I think they are GMT -1 (This would be 7:00 UK when it isn't daylight savings time). The UK is currently in BST due to daylight savings time, so that means the UK is in GMT +1. This means that for IBFX and all other GMT +1 brokers you have to +2 to the time.

 

You are aiming to get 7:00 BST (8:00 GMT).

 

Chris

 

This clarifies a lot.

Thanks Chris.

 

But again, I just tried to align my timelines with the one in superfx's setups (if you see in my previous post #110

 

BTW Chris, i just searched internet for IBFX GMT settings, and it says that IBFX is GMT.

 

See this document

https://support.forexvps.com/index.php?_m=knowledgebase&_a=pdfexport&kbarticleid=33

 

this also looks usefull,

http://www.forexfactory.com/showthread.php?t=42351

Edited August 3, 2010 by linkrink
IBFX GMT settings

[agent007uk]

IBFX Broker time is GMT+0 (eg 08:00 Broker time is actually 09:00 London time, because London is now on BST)

So 06:00 IBFX chart time is actually 07:00 London time.

[kraven]

complicated this time thingy. anyway UK time if it's 2 till 8 it would be a dud so far today.

[linkrink]

  agent007uk said:

IBFX Broker time is GMT+0 (eg 08:00 Broker time is actually 09:00 London time, because London is now on BST)

So 06:00 IBFX chart time is actually 07:00 London time.

 

  linkrink said:

Is it, really, please correct me if so.

i am on GMT+1 broker

 

with this settings

 

http://img94.imageshack.us/img94/6329/settingshr.png

 

so my settings as above are correct for a GMT+1 broker?

Edited August 3, 2010 by linkrink

[kraven]

  kraven said:

complicated this time thingy. anyway UK time if it's 2 till 8 it would be a dud so far today.

 

 

Actualy I have just looked again and re-drew my trend lines and got a total different result.

 

big problem i have with this pair is the 8pip spread.

[Freddie]

OK, I have my clock which is all computer run, I know that my local time is correct.

I know London is two hours behind so 9, something as I am at 11 something.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan03085.jpg

 

Only problem now is IBFX! There seems to be a lot of disagreement about its GMT+ value. I did hear + 3 somewhere.

 

Pity we cannot get to the author of the .pdf

 

I seem to have cut off the times, never mind

 

I will say that it broke out nicely at 0600 UK

[Freddie]

The 0600 UK made 50 pips before reversing!

 

Looks like we might be coming out the lower line.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan03086.jpg

[iwjw]

  Freddie said:

...Only problem now is IBFX! There seems to be a lot of disagreement about its GMT+ value. I did hear + 3 somewhere.

 

Pity we cannot get to the author of the .pdf

 

I seem to have cut off the times, never mind

 

I will say that it broke out nicely at 0600 UK

 

If possible, open a H1 chart of the FTSE100 and look at the broker's time of todays first candle. The candle should have opened at 8:00 BST

[chrisbenjy]

Hey everyone,

 

We all seem to have different trend lines and the way they are drawn is different. It didn't give different results yesterday, but it could today.

 

This is how I drew mine.

http://img130.imageshack.us/img130/9301/channelq.jpg

 

Aren't you supposed to draw the trend line from the highest close to the second highest close, and from the lowest close to the second lowest close like I have on my image shown by the arrows?

 

Chris.

[linkrink]

I believe trendlines for a line chart differs from trendlines on candlestick charts due to obvious reason.

 

 

  chrisbenjy said:

Hey everyone,

 

We all seem to have different trend lines and the way they are drawn is different. It didn't give different results yesterday, but it could today.

 

This is how I drew mine.

 

Aren't you supposed to draw the trend line from the highest close to the second highest close, and from the lowest close to the second lowest close like I have on my image shown by the arrows?

 

Chris.

[Freddie]

  chrisbenjy said:

Hey everyone,

 

We all seem to have different trend lines and the way they are drawn is different. It didn't give different results yesterday, but it could today.

 

This is how I drew mine.

http://img130.imageshack.us/img130/9301/channelq.jpg

 

Aren't you supposed to draw the trend line from the highest close to the second highest close, and from the lowest close to the second lowest close like I have on my image shown by the arrows?

 

Chris.

 

Looks to me like you should take the high with the arrows and take it down to the high that comes from the low arrows. Even to two or three candles further, depends how you see the candle on the end of the grey block.

The low from the arrows to six candles along.

You will end up with a nice triangle and one candle of breakout up!

[ochuko]

No trade today. Price close to a major support