The Captains Chest - Naked Trading & Other Stuff

[mobthehop]

CJ,

excellent question - see my screenies attached - one from (demo) broker Axi, the other from VantageFX.

I am really trying to follow your charts / trades but have issues to reconcile these with my screens... is the issue of TZ of broker rearing it's ugly head again?

In one of my earlier posts I asked you which broker / TZ you are actually on but in the slew of posts you probably overlooked it....

I know it is really late for you already but would appreciate if yo could reconcile these for me...

Cheers

Mop

PS Pls disregard all indys still visible - I am reducing clutter one by one until I am truly naked!

[Captain Jack]

CJ,

excellent question - see my screenies attached - one from (demo) broker Axi, the other from VantageFX.

I am really trying to follow your charts / trades but have issues to reconcile these with my screens... is the issue of TZ of broker rearing it's ugly head again?

In one of my earlier posts I asked you which broker / TZ you are actually on but in the slew of posts you probably overlooked it....

I know it is really late for you already but would appreciate if yo could reconcile these for me...

Cheers

Mop

PS Pls disregard all indys still visible - I am reducing clutter one by one until I am truly naked!

I recall posting someplace that I prefer a broker whose platform was GMT in response to somebody's question. There was a rely to my post but I can't recall who it was from....

You should be asking your broker, if you choose to use those, why there are red candles on a day where price rose instead of fell. It's not something I can help you with. Look at the days in question on the 1H time frame and you can clearly see this. Did price go up on the 20th or did it go down?

When I look at FinFX, The CollectiveFX, Global Prime FX, Cowboy IBFX, Oanda, FXCM, Traders Way, ExcelMarkets, Forex.com, FXClearing, Alpari US, and HotForex, I see all have green candles. Perhaps it's time you chose a different broker that uses a standard platform time.

Another question I have for you is why use a broker who screws with the platform time to distort your view? You allow them to do this by using them as a broker. Nothing I can do about that, Mop.

CJ

[xrismak]

Roof Tops !.png

Hi CJ

On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I have done wrong here.

Thank you
Ron.

Ivdfx888,

I see Roof Tops, CJ what would you say as I might be Wrong with my Visuals.

Cheers,

xrismak

[Captain Jack]

Roof Tops !.png

Hi CJ

On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I have done wrong here.

Thank you
Ron.

Ivdfx888,

I see Roof Tops, CJ what would you say as I might be Wrong with my Visuals.

Cheers,

xrismak

If you are referring to BARF's....NO.

CJ

[Jemook]

When I look at FinFX, The CollectiveFX, Global Prime FX, Cowboy IBFX, Oanda, FXCM, Traders Way, ExcelMarkets, Forex.com, FXClearing, Alpari US, and HotForex, I see all have green candles. Perhaps it's time you chose a different broker that uses a standard platform time.

Hey CJ - are you saying you prefer GMT +0 to GMT +2/3? Hope you are having a nice weekend mate.

Cheers
J

[xrismak]

Roof Tops !.png

Hi CJ

On H4, AUDUSD may form an M. But I see 4 levels instead of 3. Please comment on the chart what I have done wrong here.

Thank you
Ron.

Ivdfx888,

I see Roof Tops, CJ what would you say as I might be Wrong with my Visuals.

Cheers,

xrismak

If you are referring to BARF's....NO.

CJ

El Capitaine CJ,

I was just stating what I saw, as for BARF'S I haven't Quite gotten the Hang of that yet, when I do which will come sooner, ( I am Still Studying and Learning ) I won't Get it wrong on the Visuals. I think my Brain needs to Rest a Lil then I can function well and Not be Seeing Things or Rather Adding Meaning to Different Things...

Good Morning Once Again Folks, I am Going to Nod off and Come Back Later.

xrismak

[Jemook]

Also just a quick one in response to spread widening. It's typical on an ECN feed for spreads to widen around NY close every day - I've been told this is when the liquidity providers restart their servers and as they switch off and on there aren't as many LPs to choose from so the spreads widen up.

On Global Prime which is GMT+0 this happens around 22:00 GMT

[Captain Jack]

When I look at FinFX, The CollectiveFX, Global Prime FX, Cowboy IBFX, Oanda, FXCM, Traders Way, ExcelMarkets, Forex.com, FXClearing, Alpari US, and HotForex, I see all have green candles. Perhaps it's time you chose a different broker that uses a standard platform time.

Hey CJ - are you saying you prefer GMT +0 to GMT +2/3? Hope you are having a nice weekend mate.

Cheers
J

What I prefer is a broker whose daily candles close at midnight, and which corresponds to 5PM est...or NY close, and no Sunday candles.

GMT times can vary, as it does on some of the platforms I listed above, but all of them show 3 green daily candles, on NZDUSD, as does Global Prime.

Hope that covers it.

CJ

[Captain Jack]

Also just a quick one in response to spread widening. It's typical on an ECN feed for spreads to widen around NY close every day - I've been told this is when the liquidity providers restart their servers and as they switch off and on there aren't as many LPs to choose from so the spreads widen up.

On Global Prime which is GMT+0 this happens around 22:00 GMT

Isn't this when the swap is handled as well? 5pm to 5:05est is a closed market....

CJ

[Jason]

Is there a way to make the direction clearer when looking at the early London session? It seems easier to trade the NY session because you can see the path that led to the current price, and if there are obvious pins or Ms/Ws you just leap in. But with the early London session, it's like you're trying to walk a path that no one has made yet. Or maybe my understanding is very poor, which is quite possible.