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  • Candlestick 11:14 am on May 3, 2016 Permalink | Reply
    Tags: candlestick patterns, last bar close after new candlestick appear this is trade timing   

    last bar close after new candlestick appear this is trade timing 


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    last bar close after new candlestick appear this is trade timing

    readers message

    ———————
    Hi Long am i right in saying that you said only trade when the markets close.
    ive just been onto my broker and they close at 22,00 on friday night can you explain a little more.
    kind regards

    ———————
    for example
    forex broker oanda
    here is
    candles aligned to the New York close: “OANDA ? GMT+2 Live.”
    The existing OANDA MT4 server is named “OANDA ? GMT-5
    this means each candlestick bar close GMT-5 every day
    except saturday and sunday

    The bar is composed of high, low, open, and close.
    The rectangular portion of the bar is considered as the “real body”,
    this represents the range between the candle’s open and close.
    When the real body is black this indicates that the open is higher than the closing price of this period.
    Conversely,a white real body indicates a bullish tone with the close being higher than the open of that period.

    If there is no shadow on the upper end of the candlestick body, it means that the close price  or the open price

    but closes lower than the opening price this is placed on the candlestick chart as a candlestick shooting star.

    daily candles that begin and end at midnight GMT, which corresponds to 7pm New York time. However, we have received feedback from many clients requesting that we change the time zone on our MT4 servers, so that the daily candles begin and end at 5 PM New York time. To phase in these changes, we have started by updating some of our MT4 demo servers to test that everything works smoothly, before we proceed with updating our live MT4 servers.

    clickc here

    candlestick doji indicator

    last bar close after new candlestick appear this is trade timing

     

     

     
  • Candlestick 4:18 am on June 19, 2015 Permalink | Reply
    Tags: candlestick patterns   

    Trading on 30 min Timeframe, which strategy would be good ? 


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    Trading on 30 min Timeframe, which strategy would be good ?

    Questions
    ——————

    I hope you are fine.

    I’m trading stocks, but I would like to do also some forex.

    If you should keep one strategy only, what would you keep ?
    The ”strongest strategy” ?

    Do you sometimes do daytrading ?
    If I want to do trading on 30 min timeframe, which strategy would be good ?
    Thank you for your advice.

    ——————

    I’m fine.
    Yes sometimes do daytrading
    If I should keep only one strategy
    weekly start entry and close weekend
    If you want to trade on 30min timeframe
    I recommend second half strategy

     1hour = first half 30mins + second half 30mins

     second half 30mins close price is lower than previous bar body then sell entry.

    example AUDCAD 30min

    Trading on 30 min Timeframe, which strategy would be good ?

    arrow bar is second half 30min close price sell entry

    I’m up about for last week

     

     
  • Candlestick 8:02 am on April 15, 2015 Permalink | Reply
    Tags: candlestick patterns,   

    FOREX 400pips EURUSD trade harami inside harami 


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    FOREX 400pips EURUSD trade harami inside harami

    A = harami

    Next bar close sell entry.

    After price go down.

    why this harami so effective?

    FOREX 400pips EURUSD trade harami inside harami
    Because,

    B candlestick harami C to D all Candlesticks.

    harami inside harami = trend change.

    video click here

    https://youtu.be/z0vLgGcNnBk

     

     

    Related article

    Human time frame candlestick price action trade
    http://candlestick-trading.com/human-time-frame-candlestick-price-action-trade/

    Price action traders

    Price action trading is a very talked about term in the trading market.
    In simple terms, price action is a trading technique that allows a trader to read the market and make trading decisions based on the actual price movement on the chart.
    Rather than relying on lagging indicators, they just read the price movement.
    Most indicators are derived from the actual prices on the chart, so they are in fact, giving them information on past price movements.
    Price action traders keep things simple, which can also be an effective methodology when it comes to trading.
    Price action traders are a form of technical trader who relies on technical analysis.
    They do not rely on conventional indicators to point them in the direction of a trade.
    These traders rely on a combination of price movement, chart patterns, volume and other raw market data to gouge whether or not they should make a trade.
    This is seen as a simplistic and minimalist approach to trading but is not by any means easier than any other trading methodology.
    It requires a sound background in understanding how markets work and the core principles within a market.
    But the good thing about this type of methodology is, it will work in virtually any market (stocks, foreign exchange, futures, gold, oil, etc.).
    The purest form of price action trader is a tape reader.
    Good tape readers don’t need charts, although some may glance at a chart occasionally.
    Especially if they’re in a position – they may be looking for support or resistance areas to take profits.
    However, it is rare to find a tape reader using any indicators or oscillators.
    Their primary tools will be the Time & Sales window and perhaps their Depth of Market if they can multi-task.
    Nothing else is needed.
    Trades are taken on the basis of order flow, so that in essence they are trading pure price action.

    Forex what is the best way more take Profit?

     
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