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RedCabbage replied Feb 5, 2009Only 1h charts are aligned all around the world, US EST 4h closes are one hour out from ours(-5hrs) and daily closes are -5hrs. Europe will also have different 4h closes (+1). Cheers Siam, raise a glass to those of us just starting work when you get ...
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RedCabbage replied Feb 5, 2009Hi Siam Perhaps you can answer a long running question for me. I see you use UK brokers. I am concerned the misalignment of my 4hr charts GMT with traders in the US weakens the impact of any 4hr PA I use. I have been tempted to run a US package in ...
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RedCabbage replied Feb 5, 2009Pub time? It's only 4:00pm in Thailand, you're starting early!

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RedCabbage replied Feb 5, 2009That's sensible.
It all depends on how fast it arrives there, hence my manual entry after the 1h candle close on Cable yesterday.No Brainer Trades
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RedCabbage replied Feb 5, 2009My range is 12766-12738 12766 is a 4h swing low from 23 Jan and did provide s/r on 30 Jan & 02 Feb
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RedCabbage replied Feb 5, 2009Welcome to NBT
You look like you know what you are doing!No Brainer Trades
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RedCabbage replied Feb 4, 2009No I put plenty of orders on Cable, but at the time of this trade most of the pairs were fast moving and fast moving trains stuggle to stop at the stations!
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RedCabbage replied Feb 4, 2009Fast moving pairs need to show signs of reversal at s/r for me to enter I wouldn't put an order on. It was a manual entry as the 3:00GMT 1h candle closed below my s/r of 14548 so the high didn't affect me. However the fact that I didn't leave ...
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RedCabbage replied Feb 4, 2009Keep that one tight because the bucket is a correction after a change in sentiment toward the BOE rate tomorrow. As with the last visit to this level it could get stuck there a while.
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RedCabbage replied Feb 4, 2009Cable — Just scalped 42 on Cable from 14540 No Brainer Trade.
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RedCabbage replied Feb 4, 2009Good job. Following on from the candle closes, the way the 10am candle closed to a pin is another bearish sign and confirmed your trade was on.
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RedCabbage replied Feb 4, 2009Closes matter. It's universally accepted, think about it, in any time frame the final look of the candle tells a story of that trading period, who fought and who won, what price is sustainable or what is not. Until the close the shape of the candle ...
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RedCabbage replied Feb 4, 2009I'm not sure what BRV or SS say about this but it is in line with the importance of closes and the 5m strategy. Try it if you are stopped out at b/e too often. This is not how brokers trailing stops work they are simply based on price and as such ...
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RedCabbage replied Feb 4, 2009Buma Another thought you mentioned moving to B/E too early, do you wait for a 5m close above 20 before moving to B/E? Or move it as soon as it touches 20+? It's the same philosophy as Ironman's 5m brick stacking and follows the general principle ...
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RedCabbage replied Feb 4, 2009Paul/Buma Money management can be achieved in a number of ways - above all protect your capital! Different lot sizes is one of the best ways to maximise the opportunities on the table and protect your account, but as SeattleRust said yesterday ...
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RedCabbage replied Feb 4, 2009No I missed it, I wasn't up at that point and I wouldn't set an auto for that one. I would have expected it to turn higher too but, I normally set an alert well before a range like this and monitor its approach. Looking back price action confirmed ...
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RedCabbage replied Feb 4, 2009Exactly. The line at 13082 is actually a weekly s/r. The longer the timeframe the more significant it usually is and the wider it's area of influence. I sometimes enter +/- 12/15 pips on a daily or weekly s/r as the level is more ambiguous and a ...
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RedCabbage replied Feb 4, 2009Move your 13097 line down to the two high wicks on 21 Jan.

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