Are we looking for a possible long re-entry? image

I think my original question is incomplete. Sorry. What I meant to ask is, once the price retrace/pullback and touch 100SMA, how can we say that it is a valid re-entry in terms of the MACD value? Thanks again for the help. Appreciate it.

For the re-entry, what should we be looking at MACD to make it a valid re-entry signal? Should the MACD be below zero for short re-entry and above zero for long re-entry? Thanks!

This pair kicked my a** last night. I had a sell limit @ 164.00 with SL @ 164.25. It triggered my order and hit SL. I then reverse and enter long @ 164.26. And this time, the pair decided to only go up 'till 164.27 (2 pips beyond my original SL on ...

A bounce from 163 and forming a double top on 4H...Hhhmmm...

I think this thread is for EURJPY. Hope to see there Sidus. url

Don't think FXDD offers 0.01 lot trading -- at least that's how I understand from their site: url

Was there a short entry last week (24May) on EURCHF that probably had been stopped out?

Please check this post for the pivot indicator: url

Thanks for sharing your system marketsniper. Appreciate it. For someone who has a day job, 4 hour (and longer) trading system suits me the best. Looking forward to learning and comparing notes with you here... All the best.

He started trading with higher lots and unfortunately took some losses. Then he lower his lots and started winning...leading him back on the road to recovery...

For free or for a fee, it's really up to you. Though hopefully, you'll still find a way to share your knowledge around here.

Is this manual testing of the "new big system"?

Looks like you have a big winner today on GJ trade...

Buy on dips might be the the ideal way to go for now...

Come to think of it... product/service advertising, most of the time, have that hidden "to mislead" objective....

It can be a BLACK Friday as well....

Hope this one helps...

To be honest, I'm confused as well with this leverage stuff. But here's how I view it. Please feel free to "bash" (read: educate) me up.... Say account of $250 trading 0.10 microlots ~ $0.10/pip of EURUSD. With 10:1 leverage, you need a margin of ~ ...

As per FA is concern, GBP news is positive...Fukui's comments are not really JPY positive...so LONG on this pair is pretty much still supported...