thanks Phillip. I'm going to spend the weekend re-reading your PDFs. thanks for sharing your method.
TRADE FOR SWAP
4 hour strategy (the nausbot - 4 hour trader) 11 replies
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DislikedIs there some secret news data I missed that caused the GBP/USD to go up about a 100pips in the past two hours?Ignored
DislikedThe chart is a bit small to see the detail nice but I had a look through it and if you follow the methodology outlined in the thread you will end up positive. The last trade signal was given on that huge downbar and I will never as outlined in the thread risk a stoploss more than 48 pips. The top of that bar was to much to take the trade.
Your MACD showed a long signal the previous bar with first target the 21EMA. If your R:R ratio was 1:1 you could take it on. My chart did not showed a signal yet. There you could have made pips while I was waiting.
The rest of the chart shows normal MACD movement that if followed with good R:R ratio in order you would have ended positive.Ignored
Dislikedwould you short USDJPY now? MACD turning down from just below 0.45 level.Ignored
Dislikedwould you short USDJPY now? MACD turning down from just below 0.45 level.Ignored
Dislikedthanks Phillip. I'm going to spend the weekend re-reading your PDFs. thanks for sharing your method.Ignored
DislikedI noticed a writing underneath your name. Losing nearly every trade. I can write a book about the power of words. I might overstep my boundaries now but how about changing it to winning about every trade and see what happens to your trading. Self fulfilling profecy. Sorry if I intruded.Ignored
DislikedI have been following this thread from the start and I just wanted to say thankyou Phillip for the time you have put into sharing your system. The mp3's are great and really help alot I hope you continue to post them
Ignored
DislikedI have been following this thread from the start and I just wanted to say thankyou Phillip for the time you have put into sharing your system. The mp3's are great and really help alot I hope you continue to post them
I am understanding the system more and more, I hope that one day i will have a feel for the market like you.
Right now I am waiting to see if this is a pull back to the 21ema on the EURUSD if the risk-reward is ok i will take the trade but i might not be for a while.
Anyway thanks again
DeanIgnored
DislikedI have clicked on the "paperclip" icon in the heading of this thread, but with all the attachments there, I still cannot locate ones for the MP3 files. Can you point me in the correct direction? ThanksIgnored
DislikedRumors of terror threat/elevation affecting usd as well a rumor of police activity in lower Manhattan, but supposedly they are unfounded rumors....Ignored
DislikedHi all, despite my bearish outlook on dollar's major counterparts - cable and euro I only traded euro last night. I thought euro was an excellent setup and Phillip confirmed it. I did not, however, use 2 lots or more in case the downtrend would continue. I used only 1 which was completed. Euro quickly retraced today to where it was last night stopping out some traders. There is a concept of 'fair value' and I believe I responded to someone via PM about the euro level of 1.3135 being the fair value for the last week. Currency has to go through consolidation until it finds another equillibrium. Market has decided that 1.3125-1.3145 level is fair enough and the price used to gravitate to this level ALL the time. You could see spike as high as 1.3190? and then down to 1.3080 and you could simply play those swing actions. However, we are here to follow the MACD strategy and I played only once. I am glad it also aligned well with Phillip's recommendation. I do not feel, as you may, there is a euro breakdown to the downside yet technically speaking.
Regarding cable's uplift there is a possible market emotion and I've read it here:
http://www.dailyfx.com/story/currenc...168027780.htmlIgnored
DislikedIt is the ZIP files. You will have to go to the post as well to see the chart the Mp3 is refering to.
You will make it.Ignored