"AUSSI" my thread and anything I want to put here

Time Zones Time Zones Time Zones the curse of the global trader........

In another life I traded using..............intra day Astro!
There I said it.

Confusion you don't want to know about it lol
The easiest way I found to align with the Gods was to set everything to UTC this allowed the Astro to mesh with the charts.
But no need for any of that as dustyboy has indicated.What I do is when I trade is run on chart time because that is all that matters isn't it?
When I sign in I have my location set to my brokers server time GMT +2....-3 whatever. This sets the FF Market sessions times to my chart time all news events Calendar events etc are then linked to CHART TIME. When in Rome do as the Romans do.

The market doesn't care where you live It only has a vague inkling that there is anything outside Itself.

To add to the confusion if anyone cares to research Aussi's trades they will find that even if your download a Demo of IC markets Aussi's trade and price entry/exits which he so generously posts will find that the min bars are early or late I suspect Aussi is on the big hitters Server not for the great unwashed. A minute here or there doesn't really matter if it does matter it's telling more about you than anything else

I think I have learnt more from a newbies questions as it makes me look at what I'm doing with fresh eyes.....there but for the grace of God go I.

Kind regards
lpp

Please note the date of the posting and the authors conclusion.
There are lessons for us all thanks to the generosity of others.

 

1. Post 6
2. Cleanup
3. Quote
4. Oct 27, 2008 0:38

1. https://cdn-assets.faireconomy.media...ar18699_24.gif hanover
2. Joined Sep 2006 | Status: ... | 7,793 Posts

Niandra, all indicators are derived from price. Oscillators measure rate of change of price, and decelerations in price show up as oscillator divergences, simply because of the way the oscillators are calculated.

In the attached chart, both MACD(12,16,9) histogram and RSI(14) show divergence. Why? Price is decelerating (the slope of the yellow lines is getting less steep). Or, in other words, the distance between successive lows is decreasing.

The problem with indicators: it's not only about which indicator to use, but how to calibrate them. Different parameter settings will give completely different results - how can we know in advance which settings will give the most profitable divergence signals?

Answer: we don't. And a deceleration doesn't necessarily lead to a decent reversal. It might just represent a brief correction (some profit-taking, perhaps) during a move.

Sentiment drives price, and then price drives indicators. Hence indicators are a symptom, not a cause.

Price doesn't need calibration, and it is also timeframe independent. The longer I continue to study charts, the more I realize that almost everything worthwhile can be learned by looking at price alone.

David
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1365553277
I have left FF. Please don't expect replies to your posts.

hi mate time zones for me work well with its volatility as you can see with my posts , its the other times the in between lean volatility i have been working on i have a mix of exotic,s with gold oil aud as you can see with my posts so its to get the best out of no volatility , small pushs up or down as i am on the market from open to around 10.30pm aussie time i am able to watch how some play out over a long period of time picking of some that give a bit at a certain time during the day , this is why i encourage people to look at just one or two pairs and learn how they tick , i thank you for your posts

rather a sedate start to monday open again maybe gold oil will be the same

Morning all.
Looks like a hot windy day here ..
Gold is open all is quiet on the battle front.
R

Its a US holiday it might be a slow Monday

nothing on offer on open bummer on the pairs i use , so now to trade just got a sell usd/try on open 5.76785 so now that will stay for a while it was a limit sell from friday so nice to get those

️

i have to go out get some papers signed so slow it might be but it better quicken up when i get back

Looks like a day for doing Chores,
R

Attached Image (click to enlarge)

well usd/try made petrol money for me how nice any way back later

i am back just taken a sell gold we see where that goes

Attached Image (click to enlarge)

this mornings trades bit lean but a trade is a trade

the gold trade from this morning gone

No worries, Aussi. I grabbed 80 cents for you on XAU/USD. (Closed half and moved stop to break even to give it a chance to turn into a runner.)

thank you mate

Update to post 2280.
I have decided that I have picked enough fruit with this pair and closed remaining pending orders.Red flag news coming up over the next two days for aud
and nz pairs...Will watch and may re-enter.
R

shorted again at 1463.15.