211 so EJ setup ..divergence with MACD.. but candle off the ma... still down?
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Disliked211 so EJ setup ..divergence with MACD.. but candle off the ma... still down?Ignored
DislikedHey, I just spotted a couple things on your chart that I wanted to comment on....Ignored
DislikedSince neither Price Action nor MACD signaled any long trades...why not take the short???Ignored
DislikedTw0eleven,
I'm still in the cable trade. The price came to 2 pips from my TP but i already banked half and my stop loss is above previous high at 1.5684.
I know about divergences but didn't notice the one you pointed out on my chart.
My MACD is different because i'm using the one supplied with MT4. Yours is called NMACD. Can you post it here please?
Cheers.Ignored
DislikedHello, this weekend I got to looking at the nmacd I was using the the regular macd you find on MT4 and most other platforms...I have decided that the regular macd is better and therefore took the nmacd off my charts.
To answer your second question, they are 4hr charts!
Goodluck on your Gu trade...it's doing nicely so far.Ignored
DislikedThese would have been 5 successful entries according to your strategy, right?
This is USD/JPY 4H time frame.
However I have used 13 EMA instead of 20 LWMA.
What do you think about 13 EMA?Ignored
DislikedTP hit making me 234 pips ... on demo.
It could've been beginners' luck, so the next few trades will show me whether or not i've learnt this strategy.Ignored
DislikedHi fguru,
I have not used or tested the 13 ema, so I don't know how successful that would be. Since you are using it, maybe you could tell us how successful it is. More than likely though, I will stay with the 20.
Happy TradingIgnored
DislikedHi Tw0eleven,
to be honest, I havent done many trades yet, but so far it looks nice with 13 EMA. Today I took the USD/JPY trade (pic attached). Entered at 85.90 with TP of 40 pips. It went south for nearly 70 pips (however I was sleeping and therefore put a fixed TP of 40 pips and SL of 40 pips).Ignored
DislikedOK, I have been seeing what you are seeing.
I am wondering if you would now enter since qualification has happened once price drifts back down to your target price?
I think we were actually qualified as the last 4 hr candle closed. It's now all about entry.
ForestIgnored