DislikedI set my alarm clock during the night to check on diff formations as posted by "weghio" . But according to phillips sytem we have to wait for the bar on MACD to close. so according to my chart for usd/chf if i had taken the arrow down bar as a RT signal. it would have been a wrong decision bec it shot up after that.
I am still on demo account until i have this system learned by heart. Did not do any trades last night since no clear direction. Please feel free to give ay comments. Thankyou.Ignored
Hey Bil2205, looks like on your timeframe the bar moved a little too far down by the time the rt formed, so I'm guessing you wouldn't take it due to the R:R not being so good. If someone were on my timeframe + 1hr or something like that, though, it could've been a good trade. What concerns me now is that the previously drawn trendline is also broken through by the move up..