Watching the yen....
Attached Image
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
DislikedHi people,
Is this a valid break of Zero on the EUR/USD 4hr?
I think it is and took it with stop at 1.2606. What do you think?Ignored
DislikedIt broke out of the triangle so maybe we will get an entry at a pullback to breakoutlevel.Ignored
DislikedI took the odds on on the 30min for a pullback trade to the breakoutlevel of the triangle. For me that was a close enough pullback. Lets see.
Stoploss set at 60 (in the image I have it at 70 but it is set at 1.4973)
Edit 1
Set everything at Breakeven after 40pips. Might be too little for the current volatility. Lets see
Edit 2
Breakeven closedout. Volatility to high. Should have closed 50% on +40 gain and remainder set at -40. To late now.Ignored
DislikedI just did something I never did before. That is re-entering a trade setup on another timeframe confirmation. I feel very strong about the breakout of the GbpUsd and the 1Hour has also pulled back to the breakout level.
This is what I called. LOOKING FOR A TRADE.
Entered at 1.5032
Stoploss 1.4972 I will also scale out of my stoploss. I will close 50% after a -35loss and the remainder I will close at -60pips
TP1 1.5100
TP2 1.5200
This time I will close 50% after +30pips and set remainder on -30.Ignored
DislikedHope this works out for you Phillip.
I don't like the look of that long upper shadow on the previous candle which falls almost exactly on the upper trendline that I had drawn. Who knows how accurate one can be when drawing the trend lines.
Fingers crossed!Ignored
DislikedI took the GBPUSD long, as the Counter trend looked good. Good PA bars, no close resistence, break out of triangle, higher low.
I got 25 pips at 500 Units (Oanda), but it didn't go very smooth. My Limit Order then closed out with a 40 pip loss at 250 units.
So I made a very small profit. I am not sure why the GBPUSD is so volitile, it looked like a nice set-up. I will look to re-enter long, if the set-up occurs.Ignored
Dislikedhello lads,
i had been waiting to buy the usd/cad after seeing it fill the gap and had bounced off the channel line. Was waiting for the macd signal confirmation. But instead of getting one to the upside, WE got a zero bounce to the downside with aggressive breakout.
Short @ 1.2157
S/L @ 1.2210
T/P @ 1.2060Ignored
DislikedYes it is a Zerobreak and it was taken below the MACD zeroline by the Gap down. It can still work out for you. Stoploss could have been set to below 1.2600 but you take it a good bit out of the way. I think the 89sma will be tested and then maybe the trendline just above it..... also watch for a possible breakout to the top as EurUsd is in a triangle.Ignored
DislikedHi time1300,
I saw a round top on the 4h MACD this morning and went short....other timeframes may help! Cheers!Ignored
DislikedThanks, I see what TL you are talking about. I have completley missed it as I was looking at the breakoutlevel and that specific TL. I will watch the position closely and close it if it turns around especially below 1.5000
Edit 1
I closed the trade at 1.5018 for -14pips loss. Not comfortable with the movement.Ignored