How can you get a real high and low when after hours tradings pushes it beyond the "official" high and low? What do you use when setting your orders when this happens?
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March 6th, 2010 at 5:48 am
i have no idea but they might use 8 am and 5 pm local time as the regular trading hours.
March 6th, 2010 at 5:48 am
unless you can trade after hours, FOREX isn’t safe due to the large size of those contracts. Find a broker that lets you trade after hours. Otherwise you can get bit by gap-opens.
March 6th, 2010 at 5:48 am
Depends on the timeframe, in the one hour timeframe (H1) its the highest and lowest price duringthat one hour period. On the D1 (daily) timeframe its the highest and lowwest price for the day, generally 0000 GMT is the starting and ending point for the D1 timeframe. If you want go to my website and set up these free trend indicators and watch the highs and lows on the lower timeframesin real time, it works the same way. These indicators are totally free.
Free charts to show you highs and lows
http://www.forexearlywarning.com/charts.cfm
My websites
http://www.forexearlywarning.com/
http://www.theforexheatmap.com/
Good Trading
Mark M/Level 3 Responder
March 6th, 2010 at 5:48 am
I think u r not able to find it for yourself - use some forex automated robot for it! for example fap robot - http://fapturbo.tk - this works best for me….
March 6th, 2010 at 5:48 am
From my successful trading experience I use the full day (mid to midnight Eastern time). Sometimes calculations are pretty similar when market stops trading past 5pm, but it is not rare to see price continuing trending after 5pm, then daily pivots and 5 pm based pivots will differ a lot. Again, I was never disappointed with my way of calculation, it is dead right every time. Try it.