2009.09.10 DRAIN THE BANKS - LIKE A RAT

[slingblade]

Is what so relative?

Yes, it would make a difference FROM WHERE YOU ARE (THE OBSERVER). But if you ALWAYS use the same broker to chart, then your statistics and performance will be relative to you.

However...

If the price is making a daily low on the NY time but not on the GMT time, then the NY trader may be in the trade while the GMT trader is waiting.

Yes, your "however..." comment gets to the heart of my question. The broker's time frame seems like it could matter depending on what market opening you are trading and your indicators' relation to that market's time.

Am I getting too Yalie?

As an example, I'm trying to trade from the Rat Zone within 20 pips of the daily low. If that zone resets at a time that isn't GMT, will it matter? I know that rat reversals can work anywhere on the chart but trading from the edges seems to give an edge.

[slingblade]

I use the NAVIGATOR to trade.

Does it use broker time or GMT? I'm assuming that the implied answer here is GMT. I'll look when I get home.

[paupau]

Yesterday's trade.
Any comments would be appreciated

Weekly & H1 are green
Price within 20 pips of daily low

Looks like you could have made 3 pips. Price was moving slow, so take the pips fast.

Actually the highest price was 78.090, which is 0.9 pips.
This is including the spread, so didn't take any profits / moved my stop loss yet.

And TRO, how many M5 candle bars before you consider that the price is moving slow?

[handy148]

TRO - am I dreaming or did I see on one of your charts an indi which automatically draws a line at 50% of a MOMO candle?

[TheRumpledOne]

Is what so relative?

Yes, it would make a difference FROM WHERE YOU ARE (THE OBSERVER). But if you ALWAYS use the same broker to chart, then your statistics and performance will be relative to you.

However...

If the price is making a daily low on the NY time but not on the GMT time, then the NY trader may be in the trade while the GMT trader is waiting.

Yes, your "however..." comment gets to the heart of my question. The broker's time frame seems like it could matter depending on what market opening you are trading and your indicators' relation to that market's time.

Am I getting too Yalie?

As an example, I'm trying to trade from the Rat Zone within 20 pips of the daily low. If that zone resets at a time that isn't GMT, will it matter? I know that rat reversals can work anywhere on the chart but trading from the edges seems to give an edge.

Blue is NY, Yellow Asian, Maroon London. Look and SEE. Now you tell me if it matters.

[TheRumpledOne]

TRO - am I dreaming or did I see on one of your charts an indi which automatically draws a line at 50% of a MOMO candle?

I may have written one.. May have been a DOT indicator.

[TheRumpledOne]

Yesterday's trade.
Any comments would be appreciated

Weekly & H1 are green
Price within 20 pips of daily low

Looks like you could have made 3 pips. Price was moving slow, so take the pips fast.

Actually the highest price was 78.090, which is 0.9 pips.
This is including the spread, so didn't take any profits / moved my stop loss yet.

And TRO, how many M5 candle bars before you consider that the price is moving slow?

One or more... Velocity = distance / time.

[TheRumpledOne]

Homework for the weekend(Dec 3):

Q) What clue does the frequency distribution for the weekly candle wicks give you?

No one has an answer?

[Relativity]

Can I answer? Lol.

[TheRumpledOne]

What do these charts have in common?









How can you profit from them?

HINT: The lines show the highest open and the lowest open price.