Did somebody make an EA on this method ?
IF no, just contribute to edit a decision chart, I can code it for the community...
....
IF no, just contribute to edit a decision chart, I can code it for the community...
....
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedGuess who???
Started thinking (insert vomiting sound here) f-f-f-fundam-m-mentally about the Eur$ here...scary. Anyway, the durable goods orders came out way higher than expected last Friday, this was supposed to be good for the greenback. Buuut, the greenback fell against the EURO$. Also, Trichet speaks tomorrow morning about interest rates (red flag) at 9am EST USA. Be cautious with what is supposed to be happening with the news reports. My guess about the opposite reaction to last Friday's news was the credit/housing trouble over here in the states, where's Donna? People might be thinking that the Fed will lower rates in Sept again, and fixing our housing problems over here might overshadow everything for a while...wacky.
Another note about posting trades on the blog. I have MT4 sound an alarm at about midnight and 4am my time, for me that's late and very early. If I enter a position it's hard enough to see the micro size fonts that MT4 uses much less start typing for a trade post. Soooo, there's a good chance that some of those entries will not show up in the blog. It's all part of being human. I'm not sure who said it but it's gold..If you had a choice to have a 'super power' what would it be??? Flying would be cool but the power to not have to sleep would be close to it...
Trade well.Ignored
DislikedHi, sorry about the confusion . I meant 21 EMa and not 29. Typo there.i just fixed it. Also looking at your chart you have 89EMA , it should be 89 SMA(simple) . I think that is why your 89 is so much closer to 365 and gave you the visual indication that it has already been tested. Please check your settings and see if it makes a difference on the distance between the Moving averages and then your perception of the trade you took might change.
About having a crystal ball. We all wish we had one. But remember i took the red pill.( sorry had to put this in, Matrix/ part 1 happens to be one of my all time favourite movies after God Father ofcourse ).
Anyways point being bye bye wonder land , Hello Reality. It has taken me a lot of hardwork, talking to the charts. posting in this thread, writing jibberish in notebooks only i can read: , cutting down to only 2 pairs for now. and most important of all NOT GIVING UP. Making/ accepting and learning from your mistakes is equally important. I feel blessed to be in the company of such generous people. I have days when i am out of focus and cant read the market properly. that is when i take a wrong trade or just stay out. So you have to make your own set of rules as to how u will trade. Iknow this post is getting long but one more thing i would like to add is that i have learned is to focus on one thing at a time. Your state of mind is extremly important. Switcing between time frames is recommended once you understand the concept of this system. Now that i feel like i am getting the hang of market motion , i started to look into 1 hour early entry. Had a few losses before understanding it. Now i feel somewhat confortable. so next step is to look at bigger time frames to see if the trade will survive before hitting the panic button. The daily helps in that.For the last euro long trade i took i saw on the daily chart that price had crossed 89 and still had not touched 21 but was moving in that direction, and 21 on daily chart was really close to 89 on 4 hour so that gave me a safe feeling. Also time of the day is important. Price does not really move much after 1600 gmt.
Now that i am concentrating on my entry i would like to focus more on my exits and have multiple lots. so make a plan as to how you want to move up. It is like going to school. 1st grade second grade etc. If you have several successful trades on what you were focusing to learn you are ready to move on to the next grade. It is about your own comfort level and how much time you can dedicate.This all might sound childish but trust me, if you want to treat this as a profession it takes time and patience.
It is not possible to take every trade. Like my analysis for current euro TC . Now i anticipate it as a valid signal and the trade can be taken up to 200 and like i said it just might get there today but what are you willing to risk to take on that trade.If you skip an oppurtunity because your money management does not allow it or for what ever reason .It is not healthy to look back on a trade and say. Oh i wish i had taken that. Trust me i have burned valuable time just mopping over trades.(Still do but less time ) Now i try to focus on what could be anticipated next instead of what could have been. Ok before forex factory blocks me out for writing the longest post ever.I think this helped you in some way. I think i for got your original question. Good luck.
Nadia.Ignored
DislikedGuess who???
Started thinking (insert vomiting sound here) f-f-f-fundam-m-mentally about the Eur$ here...scary. Anyway, the durable goods orders came out way higher than expected last Friday, this was supposed to be good for the greenback. Buuut, the greenback fell against the EURO$. Also, Trichet speaks tomorrow morning about interest rates (red flag) at 9am EST USA. Be cautious with what is supposed to be happening with the news reports. My guess about the opposite reaction to last Friday's news was the credit/housing trouble over here in the states, where's Donna? People might be thinking that the Fed will lower rates in Sept again, and fixing our housing problems over here might overshadow everything for a while...wacky.
Another note about posting trades on the blog. I have MT4 sound an alarm at about midnight and 4am my time, for me that's late and very early. If I enter a position it's hard enough to see the micro size fonts that MT4 uses much less start typing for a trade post. Soooo, there's a good chance that some of those entries will not show up in the blog. It's all part of being human. I'm not sure who said it but it's gold..If you had a choice to have a 'super power' what would it be??? Flying would be cool but the power to not have to sleep would be close to it...
Trade well.Ignored
DislikedLooking at EUR/USD pair, I have made 2 assumptions:
1. high last candle hit 200 sma, and view here should be going short.
2. and the macd are forming higher high, view should be short,
So, is it a good idea to entry the market right now? (market time 22:49, it's like 7 hours ahead of me.)
Thanks.Ignored
DislikedHow have the past months been with this system? Is it still averaging 300 pips a month? If you traded 5% margin that would be 15% a month returns! My top managed forex account isn't averaging that monthly. Maybe 1/2 of that and I have 8 different accounts with the best traders. Let's get realistic people!Ignored
DislikedHow have the past months been with this system? Is it still averaging 300 pips a month? If you traded 5% margin that would be 15% a month returns! My top managed forex account isn't averaging that monthly. Maybe 1/2 of that and I have 8 different accounts with the best traders. Let's get realistic people!Ignored
DislikedI am very pleased to hear the positive feedback on your system! I am happy to see you have helped traders with their profitability. I will search the thread for live statements.. Unless you have any recent ones you could post. I have averaged 10% monthly on my accounts for the past 2.5 years of live trading. Which include negative months. Which is extraordinary. Find me something better and I will sign up.
I don't accept demo trading for true results since it never mirrors live accounts. Anyone have live statements? I guess you don't need to since your not a company.. but just curious.... I take this back since it is a development of a trading system..
Your system looks good and I will join the 800,000 or so that have read it previously.Ignored