PC's open time is 0600GMT for all pairs. But some people have tried 0000GMT for the yen pairs. You can choose whatever suits you...

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Oh my GOD! Lol, just kidding - that looks right to me

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If you mean the last IB - it's above the daily open, so for me it's a no.

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This is also why PC said that the best trades are the ones taken as early in the day as possible. This would correspond with the probability that there hasn't been a big move yet.

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PC doesn't take every IB because it's valid according to the rules, he uses his own discretion when choosing which ones to take. He never really discussed that and left that to us to find out from our own experience. So adding your own discretion ...

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Here's my view: The ADR is something to consider when taking any trade in the direction of the trend on any given day. If we have already seen 70-80% move of the ADR then chances are that we will see some kind of retracement sooner rather than ...

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The daily open price is shown in swakop's chart as the red vertical line (the one to the right). Remember that the daily open is taken at 0600GMT

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It's better then to wait for the daily trend (which is based on the daily open) to line up with the long-term trend and then take trades, that should give a higher probability of finding a trade that give us a runner, which is ultimately what we are ...

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I think he means how long time an IB is valid and what happens if it's broken to the "wrong" side first before coming around and is broken in the "right" direction. For me I would say that the break to the wrong side should be small (this is ...

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I'm not a great programmer but I gave it a go since it seemed straightforward... Above = true --- this means that ATR is right now below your desired Level and you want the ATR to cross from below. Set to false if the opposite is true. Hope this ...

Super simple indicator request...

Yes it's a TMLTB - TwoMatchingLowTrendBreakout. Whenever the low is breached it's a valid short. But there's plenty of heavy support below. Look at the charts below. Watch the price reaction to this area and manage the trade accordingly.

james16 Chart Thread

Press Ctrl+D, it will show u the Data Window. Then drag the mouse to the bar of which u wish to see the MA value and it will show that in that Data Window

MA values on chart

Here's the trade and why I took it as I did: url My risk is always 0.5->1%. If the trade comes early in the day and there hasn't been a big move in the ADR I will risk 1% because there's higher probability that the move to be good, if there's ...

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Haha, I don't know myself. When I first learned about fibs here on FF some guys used AL instead of the 23% and 76% fib levels, and so I never bothered changing it. I think it stands for Alert, but it doesn't really matter.

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Just an update on how I've managed yesterday's two trades on UJ. 1st trade Risked 1% on 15 pips sl. Took first half off at 30 pips profit because of the speed of the break. Took another 30% of at just above 109.00 for 54 pips, and then took 10% off ...

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Yeah I agree here with you. For me GU is in a range as seen in the chart between the 2 white lines. Yesterday's high only just went above the high of 14/Aug, only to go down again about 200 pips, for me confirming the range. If price goes above 1.88 ...

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If you are looking to get into a long trend (like the one we had the past month when the USD was going all out attack) I think you need to be generous on the sl. By that I mean you want the sl to be 1.5->2*ADR (average daily range) away from where ...

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Late to today's party so I missed that one, that trade is a beauty ekling! Yes you can EDIT: ops, a bit late as Jarroo already answered while I was typing...

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For sellstop Entry: 1.8649 SL: 1.8684 (3 pips spread), gives a sl size of 35 pips, the reason you are adding the spread here is that you want take the IB+1pip price and that is given by the sell price on the chart. 1:1 is 1.8649 - (1.8684 - 1.8649) ...

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The reason I didn't take the first IB you are talking about is first of all it was a bit too big, and it had just retraced from the s/r level, and I wasn't to confident it was going to break it on the first attempt considering the ADR was overrun as ...

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