Japanese market opens in 1 hour.
Lets go people!
Lets go people!
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
DislikedHello everyone! This morning I have shorted E/U on demo.
Price has closed below 21, tested it and now should go down to the 89MA. The signal is through zero, when the price goes from 21MA to the 89MA.
Reasons for short: there is a beautiful RT on the daily with up tail, this tail goes right to the strong weekly resistance area (TL). Engulfing bearish candle on the 4h, IT. Divergency on the daily, and it looks like the price is forming H and S, but it hasn't closed below the neck line. yet
Conserns: strong up trend on the daily, MA's on the 4 hour are very close.
Enter: 1.4828
SL +36 1.4864 above the daily pivot level
TP1 +70 1.4758 R1 TP2 +127 1.4701 89MA and price level
b/e +35
I may be too early with this trade, that's why I've taken it on the demo. I also like that SL is not very big. Any comments are welcome.Ignored
DislikedIt looks like I was really ahead of the train, I didn't nitice the ascending triangle forming on the 4h. Should have waited for more conformation to go short.Ignored
Dislikedhi philip
i have a question.as i understand u close ur positions befor the desired tp.for example the last trade that u done on usdjpy
why u do that?i think in this case u cant do a good risk:reward management because if price go against u ur sl will be hitted and it can burn ur two profits.
i hope understand u with my poor englishIgnored