I took the trade aswell yesterday.
I'm still short the eur/usd.
I'm still short the eur/usd.
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
DislikedSmartest thing I've heard all week, next to Phillip's teachings that isIgnored
DislikedI believe that's where you are wrong. Those people don't get paid to guess the actual number but rather to spin, mislead and confuse us, so that we are wrong most of the time. LOL.Ignored
DislikedThe actual movement of the price tells the true story. The picture on the screen tells us what is going on and not some analyse somewhere shouting or writing what he thinks. The action should be
"The facts are in front of me, therefore I will do this and that"
If you start acting upon someone's opinion or what he thinks unless he has proven himself you are going to go down.Ignored
DislikedThe actual movement of the price tells the true story. The picture on the screen tells us what is going on and not some analyse somewhere shouting or writing what he thinks. The action should be
"The facts are in front of me, therefore I will do this and that"
If you start acting upon someone's opinion or what he thinks unless he has proven himself you are going to go down.Ignored
DislikedHi Phil,
thank you for the audio. I have one question. You mentioned the trendline which should be drawn for the RT at cable on the 3rd of april. But I wasnt able to figure out which trendline you meant. Could you or someone else please attach a chart with it? Thanks in advance and have a nice holiday.
Best regards
ChandsenIgnored
DislikedI have been hearing alot about gaps that occur after news and over the weekend. The consensus is that the gap normally fills in the direction of the gap. Is there anyone here that can explain how to trade these gaps? and does the macd show signals that can used to trade them?
ThanksIgnored
DislikedI have been hearing alot about gaps that occur after news and over the weekend. The consensus is that the gap normally fills in the direction of the gap. Is there anyone here that can explain how to trade these gaps? and does the macd show signals that can used to trade them?
ThanksIgnored
DislikedDoes not have a feel for this pair. I had a quick look and I will change the MACD settings to 8,21,1 to give it a smoother motion. Have a look and tell me what you think. The current movement is to much around the zero. Makes me nervous.Ignored
DislikedThe settings that you are using (5, 13, 1) correspond exactly to the Slow GMMA indicator. When there is a 0 line cross on the MACD, the slow GMMA is crossing over. This appears to hold true regardless of the pair in question. I think changing the MACD settings would be a bad idea - just don't trade a pair that isn't giving clear signals. The crossovers typically contain decent momentum to push trades further to hit your TP levels before bouncing back. Also, round tops/bottoms correspond to "bubble" trades with the GMMA - but the MACD indicator shows them very clearly. I'm really glad I found this thread as it's trading style is making use of these MMA's very well.
The GMMA is the Guppy Multiple Moving Averages. The blue lines are the slow GMMA's which correspond to the MACD indicator..
I always had questions about when to exit trades though.. I'm still reading about your use of MA's but this just might be the thing I was looking for. Previously I was just taking a portion of the 7 day ATR for the take profit levels, but the MA's make more sense.
JasonIgnored
DislikedIf you want to paricipate in a chat around the 4 Hour MACD Strategy
Go to www.skype.com and install skype and then click the link below to get access to the chat.
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