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- RickyPluto replied Apr 25, 2007
the RBs. — Yeah, I've come to the same conclusion, secretly. Aaahh... now time for some sleepy.
4 Hour Strategy (MACD)
- RickyPluto replied Apr 25, 2007
Usd/chf Rb... — To expand on the USD/CHF RB possibility, we've got the 1.2000 level behind us if we indeed go long... strong-ish support levels at 1.2006 to 1.2009 for the past four candles on my chart. My main aim is to turn some profit ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 25, 2007
case closed. — Pips4, Doji Star... my head hurts when I read what I wrote. Like some cough-medicine-induced soliloquy. I gotta blame Nacho for spurring me to answer it!
4 Hour Strategy (MACD): Zero-line could provide a good entry if you missed the original ...
- RickyPluto replied Apr 24, 2007
MACD zero line crosses... — MACD zero line crosses (tip 3) seem like they only carry any authority when they take place as a transition between RB's and RT's. i.e. that they need momentum to be of any pertinence. In which case, you were better ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
AUD/USD bull entry tactics. — The Aussie dollar has trended quite strongly recently... trying to short this pair has been very tricky, and in fact is nonsensical. For the past six weeks there's been a very nice pattern for the bulls in the ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
v-patterns. — Haven't done a great deal of research into these, but I get the feeling that some v-patterns are very tradeable if you switch to the 1hr chart and get your 'u-pattern' (the rounding) there. That and money management! Great ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
USD/CAD. — CHEPPER: Yeah, the lower half of my wedge is 118.40, the way I've drawn it, and even that isn't invincible. That's a whole 50 pips away. Maybe wait a day or two until things have tightened up a little. Maybe get in on the bottom of ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
EUR/GBP. — JOSHDANCE: I like that purple line. Looks like it's running up along it. You can see how price action has interacted with it previously. Thanks, I'll be on the lookout for an RT.
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
USD/CAD, divergence, falling wedge? — OK, this starts to get a bit esoteric... A falling wedge, when broken, usually breaks to the upside (long). So, do we have a falling wedge?
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
USD/CAD divergences. — No single MACD pattern as such, but a string of higher lows (on the MACD histogram). The divergence Phillip is referring to is, I believe, the divergence between the direction of the MACD and the direction of the price ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
I wonder if it was me that inspired that! I've read about Buddhist monks walking laps around China, that kind of thing. 3000 posts isn't that hard if you're really committed to the system. Like a kind of initiation. It's not a secret society, just a ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
Risk and return! How much are you willing to risk for how much return? Decide what stoploss you need. Decide what a realistic profit target is. If you need a 100 pip stoploss, but the profit target would only be 20 pips, then your R:R is bad. If you ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
GBP/USD MACD zero level. — Yeah, I'm watching for a zero-line reject too. 2.0000 on the 21 SMA is as good as key level as you could hope for, I'd think.
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
Also a good point - OK, I'll sit on the fence for this one!
4 Hour Strategy (MACD)
- RickyPluto replied Apr 19, 2007
Great idea. TRADE THREAD for a running commentary (me and my verbal diarrhea). It then wouldn't matter how long this thread became. It's length would even become an asset. DISCUSSION THREAD for general discourse on the system itself. Maybe we can ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 18, 2007
OK, OK, Nacho's right!!!
4 Hour Strategy (MACD)I think we were talking about different things in the end, but anyway, I've learnt my lesson. It bounced! Hopefully you got out alright. I changed my email address in my profile and somehow got my posting ...
- RickyPluto replied Apr 18, 2007
more on trend vs. counter-trend... — To expand on that, if we took the currency pair, USD/JPY, and flipped it upside down, we'd have JPY/USD. The chart would be flipped upside down, and we'd be above the 89 SMA at the moment. That alone would ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 18, 2007
trend vs. counter trend. — No, no, no, not a counter trend. The 89 SMA is pointing upwards, which is where we want to go! Therefore, it's with the trend. The RT we just had (on Monday, that I sat out on) was counter trend. Those are the ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 18, 2007
USD/JPY target... — USD/JPY target... kind of a tough one. There's nothing above the fast-moving averages, so I'd be inclined to draw some kind of a rough trendline to connect the higher highs of the past two weeks. There've been four 'peaks' ...
4 Hour Strategy (MACD)
- RickyPluto replied Apr 18, 2007
USD/JPY under way. — Hey guys, My candle closed and I got my trigger to go long on the USD/JPY, off the RB. As an entry strategy, it's nice to be able to coincide your entry with what would be grounds for a profitable trade using Phillip's ...
4 Hour Strategy (MACD)