Could you also view that trade as a lower high? Or would that have been the previous trade 0400 on the 3rd (GMT+2)?
Hindsight is 20/20
4 hour strategy (the nausbot - 4 hour trader) 10 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
Dislikedlook at the h4 confirmation with m5.i think it could be a good tradeIgnored
Dislikedlook at the h4 confirmation with m5.i think it could be a good tradeIgnored
DislikedCould someone confirm for me if we enter after the MACD bar that gives the signal or during its formation?
As in lets say the macd has moved through the Zero line do we enter immediately or wait until that candle has closed and confirmed the MACD position.Ignored
DislikedCould someone confirm for me if we enter after the MACD bar that gives the signal or during its formation?
As in lets say the macd has moved through the Zero line do we enter immediately or wait until that candle has closed and confirmed the MACD position.Ignored
DislikedI know some people trade USD/CAD using this method so I'll post this. I just got burned taking TC trade on this pair. Not sure why there was this huge spike up after the bad US news today but it went wayyyy past my stop. Anyone else take this trade?Ignored
DislikedIs there someone that will be able to write an EA that will follow a position at a set amount of pips below(when long) and above(when short) a set moving average (simple and exponential) and close the position once the price reached that level.
It will help when one is in a long position that is starting to develope and to put stoploss a set amount of pips below the 21 or 89 moving averages and visa versa for a short position.
1. Maybe built in a partial profit taking after "x" pips and set the rest at the moving average stoploss.
2. An EA to put in a buy/sell order on a moving average and cancelled it after that candle closed(must be able to take 15min and bigger timeframe) and enter a new order on the new moving average value and not renewed when filled. Hope this one can be done. Also with a set stoploss and partial profit and rest set with a stoploss an amount of pips away from moving averages.
Do you people think that it will be usefull.
It will help me to set the remainder of my position after I took partial profit a set distance away from the 21EMA and let it go. It is better as a trailing stop as a trailing stop can come down 30pips but not cross the 21EMA yet and then continue upwards as where a 25 trailing stop would have been taken out.
Thanks
PhillipIgnored
DislikedYou took it when the 8/21 ma where not crossed down, I never trade unless they have crossed into the trend the 89ma is in.Ignored
DislikedRyanmcd,
I want to be sure I am clear on your recent quote regarding Trend Continuation Trades.
Please confirm if this is correct.
In order for you to consider a Trend Continuation Trade to go Long...not only does price need to be above the 89MA but the 8MA should also be above the 21MA. Vice versa for a short position.
Thanks in adance for your answer.
TNFPosterboyIgnored
DislikedYou took it when the 8/21 ma where not crossed down, I never trade unless they have crossed into the trend the 89ma is in.Ignored
DislikedThat's an 'ideal' situation but because the 8ema is such a short period if the rhythm of the market is 'there' this might just be more of a pause in the trend.Ignored
DislikedThat's an 'ideal' situation but because the 8ema is such a short period if the rhythm of the market is 'there' this might just be more of a pause in the trend.Ignored