hmm.....ok.....looks like we are not alone.....price zig zag into range. Not sure which direction to go. Now's it's going down again...
Should we just stop until FOMC ends?
Should we just stop until FOMC ends?
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
DislikedSeems like EU broke through the 8MA and 21MA support lines. I should have left my trade from yesterday open. Might still be able to hit the t/p. But then I let my emotions take control and closed the trade. Too many things to learn, too little time. Now, it looks like a double top in the EU 4hr chart. Is it time to short it at 1.3347? Sl can be set at 1.3358, t/p at near previous low, 1.3222. R:R ratio more than 1. Only issue is that MACD too near the 0, which may signal rebound.
Comments please?Ignored
DislikedI'm out of my EUR/USD trade. I'm not on a good streak lately.
RaymondIgnored
DislikedDear
I think you made a good desicion for entry at 1.3347. MACD made a RB pattern (of course it's little, level 15). But 11 pips is very little,isn't it?Ignored
DislikedHi Yuan,
How are you ? I think euro is in the process of forming a triple bottom. It is usually a volatile time as it goes up and down. GBP has hit resistance again(orange line) and is indecisive. I haven't been trading the GBP lately. Nice to see you again.Ignored
DislikedNow it looks like Round Bottom forming on the 4hr EU chart with a doji for the previous candle. Have to see how this candle closes.
Edit: I believe this will not be a Round Bottom but a TC signal on the MACD. Still, have to wait for this candle to close to confirm.Ignored
DislikedI've lost 3 trades in a row, not very good. 2 or the 3 were bad analysis/bad trades in my opinion. (The 3rd was a correct analysis, but my stop was too close.) Yesterdays trade I was comparing to the one WG took around March 31. I have included that in the 1st picture. The important part to not is that price had room to go up to the previous high. The second chart is my trade yesterday. Basically, I was late to the trade, price had already reached the previous high and was now approaching resistance (see the ellipse). What was similar was the support...Ignored
Dislikedhi morelands,
saw ur posts since early early on in this thread. i saw ur big winners too. guess losing is just part of the game. accept learn n live to fight another day! i know of a futures trader who lost his account in 1 day after trading full time for 8 years. yup it just need a moment of wrong to wipe things out. but well he is still alive now, yea so just fight on.Ignored
DislikedMorning Doji Star pattern appearing on the EU 4hr chart. Long signal shown on MACD. Shall wait for candle to close before putting trade. Comments?Ignored
DislikedDo you mean a bullish harami? I'm not sure the MACD can be classified as a HL scenario. If it is not, I think the trend is still down. Maybe a short long trade to fibo 38% where 8MA is? But the movement now is quite flat and end of the next 4 hour is still far. Maybe check the candle again 15 mins before the end of this candle and look at 1 hr for TC signals.
Hope to hear from the more senior members here on the analysis. I was wrong in my previous post to wait for pullback to go long to 89MA.Ignored
DislikedHi Raymond
That's why my favourite book is "Trading in the Zone" by Mark Douglas. Although we attempt to, we can't predict the market. If we have another September 11 2001 tomorrow then the market will fall again. All the financial computers will be programmed to sell like crazy. At the end of the day, we just have to take as many high probability trades as we can and keep our risks very low.
It is hard for some of us to accept (I am talking about me) that we are going to be wrong quite a lot of the time, and the rest of the time, movements...Ignored
DislikedI've lost 3 trades in a row, not very good. 2 or the 3 were bad analysis/bad trades in my opinion.Ignored
Dislikedhaha i guess i m like u.. somehow it's difficult to stomach being wrong, or maybe for me, it's abt the money? prob that's what is wrong with ppl especially smart ppl, ego too big they dun like to admit to mistakes. prob tt's why sometimes being smart is not too good in trading huh. hahaIgnored
Disliked[color=black][font=Verdana]I have a bad month for April especially this week. I think my loss is about 450 pips and I also had 4 lousy trades in a row. Luckily, I am still trading using mini lots, so the losses are still bearable. However, my confidence level has been very badly hit and I am starting to feel if I am suitable for trading. My ultimate goal is to become a full time trader but looking at my result, it doesn’t seem possible. I guess part of the reason is because my trading experience in Phillip system is not mature yet. Another...Ignored
DislikedHi. I am still new at this and have not even started live trading. But then, I forgot where I read this from, if you hit a bad streak, stop trading and analyse the bad trades and find out the mistakes and see if it was the previous bad trades forcing you to commit into the other bad trade. As Phillip Nel have said earlier, do not force a trade but let it come. Hope I helped.
Edit: Just saw your profile and noticed that both of us are in the tiny dot called Singapore.Ignored