I strongly agree. I'm now long from 1.246 if this stopgrabber works the bulls have one last big treat coming!I'm long from 1.2445, took profit on 1/3 of the position at 1.248. Hopefully we are forming a SG on the daily TF. The R/R from this area is great, few pips SL with a potential 350pips reward.
Venelin,One broker(alpari) time is set +3h ahead of the other, so I guess we may say that is not using Sundays. The feed is the same-only time shift is different.The macd forecaster has the same settings for both brokers.So on TF bigger than 4h visual difference is big and that is a problem! Also pivot points indicators also would be different!
as I saw, one of brokers has very small, I assume Sunday candles and I also think Sunday candles are calculated in the average, Just check if you find Sunday candles. I think Alpari starts trading on Sunday 23.00 CET and FXCM also but time shift should not affect, at least not so much as seen in your pictures.
Hello Sive and all traders!
Was not exactly what I had expected but close. I am long now and if low is in place then I expect 1,2700 - WR1 area. Best buy for me is at 1,2450 and if it comes I will add bigger position, stop at 1,2430 .
Have chaged time frame on 6H because it is less noise. I like what I see, sitting on WR1, 88,6 and so on. On lower time frames I almost lost counts - it was like a worm.
Good trades to all!
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i also could not see any rationale why anyone will choose to go long now as a matter of fact its even better to be neutral now than going long but i think everyone has is own way of analysin market. market is unpredictable hence we could see upward movement but instead of going long i'll rather stay neutral
View attachment 5828View attachment 5829Hi Sive and all,
Firstly thank you for your as always great analysis! I have a problem with relying on Daily SG. The reason behind is that on a Daily charts from different broker(FXCM Mt4) trend is already bearish and daily on Alpari UK bullish still and SG looks very probable! What a difference a time setting on MT4 brings-(one is set @GMT and other+3hours time shift)!Any way-thanks again for your time! Here is charts :