Trading Efficiently – The 2 to 3 Hour Trader

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4 hour trading entry and exit almost to the pip

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  • Post # 1
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  • First Post : Feb 2, 2020 8:00am Feb 2, 2020 8:00am

So, ever wondered what support does hold and what not? Would it be possible to set an entry and forget?

Here is my first thread I am starting and I am about to show you what to do and what NOT to do.
remember, there is no holy grail. All I can do is showing you my simple way of trading. All you need is patience and good money managment.
So here we go.

1) First of all, I want to tell you all that I don’t care about news! Even if it is NFP or GDP or whatever. Price will always move with a reason what has been determined before the news comes out. Don’t believe me? Ok check where the Euro is currently, or where the US$ is with all the money printing. See, it doesn’t matter anymore. News is just an event that can speed up the price movement to the determined levels with shaking out as much as possible! Remember this.

2) It doesn’t matter neither that it is asia trading so it is irrelevant because London didn’t opened yet. Also another thing to debunk right now. I have seen big moves before during asian session. Remember, market NEVER sleeps! Not even in the weekend! FX is 24/7. Just for the public it is 24/5. But yes, market is ALWAYS moving.

Now, lets get going. I don’t use any indicators, no volume no MA’s. Simply a 4 hour chart and that’s it! If you want to add Moving averages or whatever indicator just go ahead. I am just going to show you how to determin good entry points and exits.

Patience is really important. If you’re a day trader then this system is probably nothing for you because we’re trading off the four hour chart.
First of all I am going to show you a four hour chart of my EUR/USD as it is right now. I have drawn my support in it. There is no 100% winning system. You will fail once in a while but if you’re determined and have patience, you will make much more with the winnings.

  • Post # 2
  • Quote
  • Feb 2, 2020 8:13am Feb 2, 2020 8:13am

So those are my levels I watch currently with EUR/USD.

Now let’s get to the important question. HOW TO DETERMIN ENTRY POINTS?

It is really just looking at the chart. If you look very good, you will see that I am setting my lines on the opens and close of the 4 hour candle. This is all you really need to know! Remember, Open and close!

EU is trending right now what is very good. Remember, it really needs big forces to change a trend. All you need now is to have good entry points.
When price is trending up in this example the white candles are the bull candles and the red candles are bear candles, we will always see a moment of pull back.
That’s where you have to focus on. those pullbacks are important. No matter of the volume, if it is during news or during Asian sessions. Those pullbacks are the key for the right entry. I wouldn’t buy Euro this high but would rather wait for the pull backs right on those green dotted lines. This is what you have to look for. The latest pull backs. So the close of the bull candle and the open of the bear candle. Just put a line there and see. In this example we can clearly see that Euro didn’t even retested it. This means at in the future, these levels will be seen. The longer it takes the better it is as we would have some good targets in a bear market. So these 2 lines havn’t been retested yet.

Советники: News Trading v.3.6 – страница 3

Evgeniy Serov :
В журнале должно быть сообщение с номером ошибки, вот там и смотрите. что не так. Print ( “Торговля остановлена . Ошибка # ” ,err)

Подскажите где этот журнал находится.

Спасибо, за обнов ление .

This morning i have had 3 news important. So that EA should have taken decisions to place trades.

But nothing happened, no error logged, dll activated.

Moscow is 12:43, and my local is 11:43 (Paris), broker(fxpro) 12:43 http://www.timeanddate.com/worldclock/

so there is something wrong with ‘time’ maybe summer / winter switch

Здравствуйте, Евгений Серов!

Спасибо за ваш труд, особенно как новостной советник , версии 3.6.

Есть проблема. Не корректно отображает время выхода новостей. Т.к. на прошлой неделе, работал корректно, замечаний не было. А на этой неделе, начина с понедельника, 11.04.2020 и по сей день появился глюк.

Trading Efficiently – The 2 to 3 Hour Trader

) fame (This is an approximation)

  • You need Trade Level to be able to use a better Ship or better Equipment, or to do certain quests.
  • Trade level will increase when you earn a certain amount of experience.
  • You get experience selling goods.
  • If you sell ordinary goods: EXP = func(PROFIT)
  • If you sell Local Product: EXP = func(PROFIT) + localProductBonus(QTY, DISTANCE)
  • This was on SNES. I still think its a great game, but when you play this? Its so relaxing and the game somehow manages to make trading fun in various ways. Even doing tradeskills and selling in market makes it rewarding. Can choose 1 of 3 classes but you can learn skills in each class to combine your own unique character, cant do 33% because youll miss out on certain quests, but can be lets say, TRADER 70% 30% MARITIME(Battle/Pirate).

    Only slightly stressful feature is the tutorial. As you do it and progress you end up learning that it is very much needed to do this to get to know how the game works. But youll appreciate you did. On the brightside you dont have to finish it either, if you think you know enough then you move on., you always have the option of continuing. I will dedicate the next years on this as my main MMO. Im sorry that i didnt get to play it earlier.

    Day Trading Forex Live – Advanced Forex Bank Trading Strategies

    Forex Trading Hours – The 24/5 Market

    The Foreign Exchange (Forex) trading hours kick off Monday morning in Australia, Sydney, to Friday afternoon in the Big Apple, New York. From Sydney open to New York close, markets open and close at all hours of the day and night around the globe. Commonly referred to as the 24/7 market, which is not complete accurate as it does close down on weekends. It should rather be referred to as the 24/5 market. A lot of new traders struggle to calculate exact market open and close hours due to the time zone difference. There is a simple yet effective way to keep track of these times without getting confused .

    Forex Times In GMT

    To simplify thing we will be using Universal Coordinated Time (UTC). Formerly know as Greenwich Mean Time (GMT). In Greenwich London, this is standard ‘winter’ time, which is the point of zero longitude on the globe. The normal Forex market trading hours are from 21:00 Sunday (GMT +0) to 21:00 Friday (GMT +0). This is 9 pm during winter times in the United Kingdom. So now its fairly simple to calculate these times according to your time zone. If you happen to be in Athens/ Europe, which is GMT +3, you simple add 3 hours to 21:00. This means the markets open Sunday night at 00:00 and closes 00:00 Friday night. Fairly simple right?

    Taking Daylight Savings In Consideration

    When taking summer daylight savings into account things get a little more complicated. This makes for a 1 hour difference in countries that fall under DST. Daylight savings time operate differently in the Southern hemisphere countries such as Australia, which have summer from October – April instead of March – October. Here is a summary to save you the time and effort of calculating between different daylight saving times.

    Market Open Times London DST

    Sydney: 10 pm to 6 am

    Tokyo: 12 midnight to 8 am

    London: 8 am to 4 pm

    New York: 1 pm to 9 pm

    Market Open Times New York DST

    Sydney: 5 pm to 1 am

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    Tokyo: 7 pm to 3 am

    London: 3 am to 11 am

    New York: 8 am to 4 pm

    As you can see there is always a market open 24 hours a day.

    Should You Trade 24 Hours A Day

    Just because the markets are available for trading 24 hours a day, it does not mean the market will be favorable all the time. If you are planning on making Forex trading your business, trading 24 hours a day will burn you out and cause you to lose interest sooner than you know it. Just after the 4 major markets open, price tends to be volatile and unpredictable for the average uneducated trader. Many traders will sit the first 1 -2 hours out until markets calm down. They will repeat this step for each individual market open. Big newbie mistake in my opinion!

    The first 1 – 2 hours can be a great time to be on the lookout for possible Stop Hunts and reversal trades. This allows you to enter valid A + setups within the first 2 hours of a market open, allowing you some free time the rest of the day. Something every trader needs! The majority of traders around the globe trade the UK and NY markets. Asia is what we like to call the consolidation period, and a great marker to use for determining direction for the rest of the day.

    The USD is by far the most trader currency pair, involved in 2.5 times as many trades as its closest rival, the euro. Events in the US have a much greater impact on financial markets compared to events in the rest of the world.

    The Final Word

    In theory one can trade the Forex market 24 hours a day from Sunday to Friday. This is not recommend and most likely not humanly possible. Some traders make use of Automated software in the form of EA’s and robots, thinking more trading is more profits. In Forex trading is should always be quality above quantity! Trading 2 – 6 hours a day can generate you more profits than spending endless hours in front of the charts. Be a smart trader and use your time wisely.

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