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- 27 Results (1 Thread , 26 Replies )
- rc2008 replied Apr 3, 2008
GBP/USD — The tail interested me to enter into this trade. Also, it had a nice ZB. In and out for +49 pips.
- rc2008 replied Apr 2, 2008
GBP/USD daily chart — Look at my 3 orange rectangles drawn on daily chart. Is it heading towards the 3rd orange rectangle???
- rc2008 replied Mar 19, 2008
Thanks Phillip. I think too that the waiting is the best thing to do here.
- rc2008 replied Mar 19, 2008
What do we expect here — Our rule says- 1) After the price crosses the 89sma it tends to pull back to the 21ema before it carry on its direction if it is a trend direction change. 2) Otherwise it tend to test the 89sma again and then it runs ...
- rc2008 replied Mar 18, 2008
It has not been there for a while.
- rc2008 replied Mar 17, 2008
GBP/USD — Looks like it is breaking the 89 line. Do 8 and 21 emas both have to cross 89 before we can confirm that this pair has turned around? Thanks.
- rc2008 replied Mar 12, 2008
I let it hit the BE and do not re-adjust the SL. My understanding is that we should be happy that we got a FREE trade when market went against our trade!!. Of course you may argue that it may go 10-15 pips down and shoots right back. Sometimes it ...
- rc2008 replied Mar 10, 2008
Stop Loss — I like to ask this question to everyone and like to hear your experience for the situation like below: For example, for GBP/USD closed 2.0134 last Friday. You entered a trade just before the market close - short entry at 2.0134. ...
- rc2008 replied Mar 7, 2008
GBP/USD — Look at the horizontal line in this G/U chart. That's where I am setting my TP. Just kidding . We gotta have some humor to keep our forum stress less. You all have a wonderful weekend. -Rahim
- rc2008 replied Mar 7, 2008
I am long on GU @2.0110 since 00:30 GMT. I saw bull trend continued after a large bull candle. I only entered that with a small SL, generally market does not do much before the release of big news like NFP. I put my SL to BE as soon as +30 pips. ...
- rc2008 replied Mar 6, 2008
Candle closing time — I have experience this problem before when I set my local time to my chart. All time frames get messed up. My understanding is that it does not matter which platform/broker you use you should be able to set your own time ...
- rc2008 replied Mar 3, 2008
USD/CAD — Took a long trade at .9904 (on TC) SL at .9857, TP at .9980 right around the vicinity of 89 SMA. Reason: Price went above 21 EMA, came back to 21 EMA and went above 21 EMA. I am new to this system, any critics will be accepted ...
- rc2008 replied Feb 29, 2008
First week of Live trading — Dear all, I just wanted to share my first week of live trading experience (using Phillip's system) with all of you. I had 3 trades this week, 1 win, 1 loss, 1 BE. Overall I made 18 pips. My goal was not to make ...
- rc2008 replied Feb 27, 2008
Looks like EUR/USD keep setting new record. Just took a trade long at 1.5080. SL at 1.5033. TP is about 50 - 60 pips. Wish me luck. Thanks.
- rc2008 replied Feb 25, 2008
hijack, I did not understand your red boled resistance line. Can you please where did you draw this resistance line? Thanks.
- rc2008 replied Feb 22, 2008
I think I agree with you hihajack. Looks like it found resistance earlier (price level around 1.4800 - 1.4850). It is forming a bearish scenerio. Now this is just me, my prediction is that it may not do much as we are going to close very close for ...
- rc2008 replied Feb 22, 2008
EUR/USD — Look at this daily chart. It looks like its gonna go to the previous high price level 1.4900+ and find resistance at the daily trend line. My gues is it will turn around once it hit the price level 1.49+. I wil just wait and see how ...
- rc2008 replied Feb 21, 2008
Thanks Chris. From now I will post charts.
- rc2008 replied Feb 21, 2008
Members and Friends, I had a trade on GBP/USD yesterday based on higher low on 4H MACD. Below is the scenario: 1. Long Entry @ 1.9412 2. Profit target is between 8EMA and 21EMA, price level 1.9460 pips. 48 pips target. 3. Stop loss @ 1.9379. 33 ...
- rc2008 replied Feb 20, 2008
Looks like GBP/USD setting up for long. Just need to wait and see until the close of the candle just opened.