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	<title> - Topic: Daily Candle Open/Close</title>
	<link>https://electrofx.com/forum/free-members-ebook-discussion/daily-candle-openclose/</link>
	<description><![CDATA[Learn Forex Trading]]></description>
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        <item>
        	<title>Theo Patsios on Daily Candle Open/Close</title>
        	<link>https://electrofx.com/forum/free-members-ebook-discussion/daily-candle-openclose/#p573</link>
        	<category>Free Members Course Discussion</category>
        	<guid isPermaLink="true">https://electrofx.com/forum/free-members-ebook-discussion/daily-candle-openclose/#p573</guid>
        	        	<description><![CDATA[<p>Hi Pepe,</p>
<p>Once you learn how to read price action you will find that it doesn't matter what type of chart or timeframe you use.<br />
There will be a preference for each person and some of our preferences will be the same, some not.<br />
What is important that you are reading and implementing Location, Trigger, Management correctly.<br />
Location based on historical price gives you proof that an area of order flow existed,<br />
understanding how you arrived there tells you what type of trade you are attempting (trend, counter-trend, range),<br />
Using an entry trigger gives you proof that you are not alone and it also gives you your SL,Â <br />
judging your expected target based on all of the above give you your risk:reward,<br />
and if you have a trailing stop plan and plan for when you will move your stop loss to +1,<br />
the you have a complete trading plan that makes the time frame or chart type all down to preference.</p>
<p>Sorry I went a bit further than you question but based on all of the above I can say that no it does not matter.</p>
<p>Theo</p>
]]></description>
        	        	<pubDate>Mon, 27 Jan 2014 08:52:45 -0800</pubDate>
        </item>
        <item>
        	<title>Pepe le Pip on Daily Candle Open/Close</title>
        	<link>https://electrofx.com/forum/free-members-ebook-discussion/daily-candle-openclose/#p571</link>
        	<category>Free Members Course Discussion</category>
        	<guid isPermaLink="true">https://electrofx.com/forum/free-members-ebook-discussion/daily-candle-openclose/#p571</guid>
        	        	<description><![CDATA[<p>Hello Theo,</p>
<p>I understand that not all forex brokers use the same time for the daily candle open and close. Some use midnight GMT and others use 5.00 pm Eastern (New York). Â I guess if you wanted to follow along with another's chart, then ensuring your charts match theirs would be useful. But if you not following another trader/educator's chart, does it matter at what time the daily candle opens and closes?</p>
<p>&#160;</p>
<p>Pepe.Â </p>
]]></description>
        	        	<pubDate>Mon, 27 Jan 2014 05:15:28 -0800</pubDate>
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