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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 

    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 ? 

      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

       

       
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