I took the same trade. I was hoping for a retrace, but didn't see the price action to wait.
Good luck my man!
Good luck my man!
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DislikedI took the same trade. I was hoping for a retrace, but didn't see the price action to wait.
Good luck my man!Ignored
DislikedI am a bit worried as it was suppose to have moved at least 25 allready with that type of pullback. I will know the next 10 to 15 minutes.Ignored
DislikedHi Phillip,
Really hoping your trade is successful.
I wonder if you could let us know why you decided to take a "high risk" trade at this point?Ignored
DislikedI am a bit worried as it was suppose to have moved at least 25 allready with that type of pullback. I will know the next 10 to 15 minutes.Ignored
DislikedThe high risk was not so much in the setup but in the stoploss. The setup was good but the stoploss huge. The tail it was busy forming at that point (on the 4H) was my reason for interest. The gapdown this morning and the fact that it was not filled made me prepare for a further downmove. I was waiting for a setup based on rhythm to enter and this was an oppertunity.Ignored
DislikedThanks, Phillip. Interesting to get your thoughts on the trade. Would be interesting now to see how you manage it.Ignored
DislikedThis is a high risk trade taken on 4H and 1H rhythm.
My 4th trade for the month. The price has moved to below the 89sma on the 4H and then retraced to it and started moving down again. The 1H confirm as well the retsest of the 89sma on the 4H and then the move away. I have split my stoploss in a 50 and 30 on 2 positions. I will close one position after 25pips gain and then set the remainder on a -25pips to go breakeven if I am taken out.
Edit 1
Time will also play a roll in my decision as to this trade. If it does not move within a certain period of time I will consider closing the deal or at least half the position or evn both.
Edit 2
I am a bit worried as it was suppose to have moved at least 25 allready with that type of pullback. I will know the next 10 to 15 minutes.
Edit
Due to the lack of speed I have closed 50% for +20 and set remainder at -20 for a BE trade should the stoploss trigger.
Edit
Remainder was taken out at -20 for a total trade on Breakeven.
I was'nt happy with the movement after the setup candle( the move away from the 89sma) was formed. Price was moving nowhere. Normally price moves quite quick after a pullback setup like that. Therfore my decision and I got out at Breakeven.
As far as I am concern it was worth it because the possibilty were there for a further down move. If I wasnt in it and it moved I would have been cross with myself.Ignored
Dislikedi took that signal too. Due to lots of new from Us i decided to close position +1 pip .Ignored
DislikedJust saw the price jumping up. I have been looking at FF Calender and saw only minor news that was allready out. Did I miss something.Ignored
DislikedThey are voting on the Financial Bailout plan, and they don't have the votes for passage yet.Ignored
DislikedBut have there been an outcome yet. The jump and retrace might be an indication of news leakout. Maybe someone can give us some inside. Where is Pips now. We miss you.Ignored
DislikedThe bailout bill was voted down - been watching the drama on Bloomberg. The markets are up and down on the back of the vote and then the post vote possibilities of peoples arms being twisted to change. However, the final decision is a no to the bill.
This was not listed on FF as a potential news story. However, I did raise it earlier today in the thread in a response to a posting by Palmer. I wanted to know if anyone would trade during the news. Decided to stay out myself....phew.
Good to see no damage doen to your account though Phillip. Expect a couple of days of high volatility I think.Ignored
DislikedHi, Phillip and everybody, I hope you all have been doing great. Thanks Phillip and all contributors!
I started learning this great system since last year. Left it for a while. Re-started one month ago. Okay, I was better than before.
2 hour and 30 minutes ago we saw a successful round bottom CT signal on EUR 4H chart. Look at the attached picture. This is a GMT+0 server so different than Phillip will see on his chart.
I did not take this one because I had been hurted by low-probability round bottom signals. However, if I had taken it, the setup would be:
Entry long - 1.4381 (1.4400 and 1.4453 on the way. ema8 = 1.4467)
Stoploss - 1.4310 (low during the past 3 bars)
Takeprofit - 1.4467
Risk : Return = 71:86 ok
Result - If you check 5min chart, you will see price went up smoothly without obviouse retracement. Passed by our TP 1.4467 easily and hit 1.4567. A great one. Since price stayed on above 1.4491 for 3 minutes only, 1.4467 is a practical TP target.
We had been talking about 4H MACD strategy in a local Chinese forex forum and we have at least one active chatting group on a Chinese local Instant Message software. I believe many have been benefited from this great system and I will work hard to join them. More pips for everyone!Ignored