DislikedOn the 1hr MACD was trending up, along with the 4hr MACD (T.C.), along with the trend. Cool Stuff.
I realize that the 1hr MACD did not give a Phillip signal (T.C., R.B., etc.), but it was trending up so that was good enough for me. Those signals are more important to be inplace on the 4 hr. IMO. I could be wrong, I'm still learning.
I had a S/R at 3324 (Monthly open). I use Monthly, Weekly, Daily highs/lows and some times their open/close . Also, 30 pips sounded like a nice round number too.
see charts.
2nd chart sould read "bounce 21 ema 4 hour"
JimIgnored
As Phillip's strategy itself is handful for us, we are not able to absorb any new approach,it becomes too much. we rather bite only what we can chew.
I really appreciate your helping us by showing the charts. There is lot to learn in your approach and we are confined ourselves to digest what we have on our hand.
Thanks a lot for your unique approach. It is great.
-Chandra.