| Re: Daily and 4hr Trades for 2010 [message #49075] |
Tue, 09 February 2010 12:45   |
contango 
Messages: 1288
Registered: October 2004 |
Senior Member |
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| arshad wrote on Tue, 09 February 2010 12:17 | Whereas on Zaid's chart the close of the +BRB's was just over 50% of the candle body. This means that your long entry will be much higher than someone who uses our preferred trading platform for signal generation. Now you can see why I prefer our participants to use a common trading software platform for signal generation, I do know that I said it doesn't really matter what trading platform one use to trade. I do however encourage all our participants to use the same charts of the same data provider for signal generation.
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Not sure I understand this. Surely a 4hr chart is a 4hr chart, no matter what platform generates it?
Anyway, I'll get out of your hair as I don't want to stand in the way of you explaining your system to others. I also don't mean to say my system is better, simply that there are thousands of systems out there, giving thousands of (often) conflicting buy and sell signals. Each trader must come to understand why they believe in a certain system (their edge) for themselves but ultimately it's depth of experience, humility and discipline that will make them great traders.
Disclaimer:
This does not constitute guidance or a transaction proposal. You should not place any reliance on it when entering into transactions.
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| Re: Daily and 4hr Trades for 2010 [message #49077] |
Tue, 09 February 2010 13:17 |
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arshad
Messages: 225
Registered: September 2009
Location: Durbs |
Senior Member |
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| contango wrote on Tue, 09 February 2010 12:45 | | arshad wrote on Tue, 09 February 2010 12:17 | Whereas on Zaid's chart the close of the +BRB's was just over 50% of the candle body. This means that your long entry will be much higher than someone who uses our preferred trading platform for signal generation. Now you can see why I prefer our participants to use a common trading software platform for signal generation, I do know that I said it doesn't really matter what trading platform one use to trade. I do however encourage all our participants to use the same charts of the same data provider for signal generation.
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Not sure I understand this. Surely a 4hr chart is a 4hr chart, no matter what platform generates it?
Anyway, I'll get out of your hair as I don't want to stand in the way of you explaining your system to others. I also don't mean to say my system is better, simply that there are thousands of systems out there, giving thousands of (often) conflicting buy and sell signals. Each trader must come to understand why they believe in a certain system (their edge) for themselves but ultimately it's depth of experience, humility and discipline that will make them great traders.
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contango, 
lets look at the 4hr chart that you posted:
...you will notice 4 red bars...
...now look at the 4hr chart that Zaid posted, you will notice 3 red bars...
...now look at the size of the +BRB on your chart and
...compare it with the size +BRB of Zaid's,
...furthermore, check your 4hr bar +BRB closed just below the high
...on Zaid's chart, the +BRB closed inside the last red candle.
i do hope that you can now see that..."...Not sure I understand this. Surely a 4hr chart is a 4hr chart, no matter what platform generates it?" not all 4hr charts are the same.
For easy comparison i have posted the two 4hr charts below.
 
[Updated on: Tue, 09 February 2010 13:18]
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) of the charts are based on incorrect trading data. 
because not only did Toad understand that but all our other participants as well. 
But experience , now there's a WIN... 
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