eurusd long:
what a beautiful nice ride up!
what a beautiful nice ride up!
Yvon
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
DislikedYvonn,
What do you mean nice ride up? I just got stopped out. I took the RT for a sell. I'm new to trading and new to this system. This was my 2nd live trade. Don't understand what I did wrong. Maybe I should not trade any trend reversals now and just trade the trend off the 21.
ScottIgnored
DislikedA good Sunday to all!
Am new to this tread. Have spent time going thru the posts, articles, audios, videos, etc (not all 25K posts though :-( ). Could some kind soul pl tell me where to see Phillip's "Weekly Anticipation" posts/videos?
Many thx/HenryIgnored
DislikedDo we enter a trade after the next hour bar is formed? I find that I missed many trade if i were to wait for that. Is it advisable to enter a few minutes before the formation of next bar ... 1hr, 4hr alike. Can someone help me with this please. Appreciate. Tks.Ignored
Dislikedsometime a candle changes rapidly when it is near its closing. While the candle is "doing his time" you have plenty of time to evaluate R/R.
the pdf as well as those videos shows examples to protect yourself while staying in the strategy-all among exemples through the tread.
hoping it will help you.Ignored
DislikedDo we enter a trade after the next hour bar is formed? I find that I missed many trade if i were to wait for that. Is it advisable to enter a few minutes before the formation of next bar ... 1hr, 4hr alike. Can someone help me with this please. Appreciate. Tks.Ignored
Disliked
Please I think what you are saying is how to get early into a trade before the move passes away?
If this is what you mean; I want to say this to you: From the rules of this system (4 HOUR STRATEGY), trades are entered at the close of a 4-HOUR candle or bar, just at the close of it, simple... Actually there are cases where waiting to enter at the close of a 4-Hour bar, the market or price would have moved so far that it may not be recommended for a trader to enter a deal with respect to the risk/reward ratio at...Ignored
DislikedHaving seen Philip doing the trading on the EURUSD pair, I was wondering if anyone has successfully applied the methodology to any other pairs?
The fundamental laws of trading are equal across any pair, it's the dynamics that are different, and it feels that MACD would be equally applicable on any pair for that matter. As I've started applying the methodology, I've traded successfully across major pairs and wanted to see if anyone else has been able to apply themselves there as well.
By the way, the book that has been recommended here, Disciplined...Ignored
God bless Phillip!
EUR/USD PAIR: 18th January,2013/10:00 Candle close/GMT+2
The charts below shows the following:
DislikedUpdate: As anticipated, price kissed the weekly 89sma, the thick blue horizontal line. I forgot that it was on Friday, so I did not close my 3rd position at that level, so I am still in the deal and market closed...watching to see what next week brings!
ANTICIPATION FOR FUTURE: From my weekly chart, INSET A, I am expecting a strong up move in the future of about 150pips. This is because of the strong green engulfing candle closing...Ignored