4 Hour Strategy (MACD)

Quoting Phillip Nel

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What a week so far. I will post my results tomorrow about 19:00 GMT+2. Traded twice from top resistance somewhere around 1.17100-1.17200 levels and all my knowledge and patience was tested. I was anticipated todays move through the upper resistance but guess what. I shorted it at the top resistance again. I missed the move away from the 21ema 6h-10h because we were in town doing some shopping for the long weekend. That was the second time this week I had to struggle to get out of a trade that went against me. But so far for the week with 2 big wrong...

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Quoting guiyee

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Philip you have no idea how much I appreciate that you share all your work with us and even take the time and effort to explain it so well. I have been struggling with money for such a long time in my life and I decided to get into forex and only trade when I am profitable on demo. I have been trying to have a profitable demo account on forex for 4 years with no success, until i found your thread!!!!... I traded your way for 2 months in demo and finally now I am confident enough to trade real money... I still got a lot to work on and keep practicing.....

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Quoting Phillip Nel

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Here is the video as promised. Sorry for the late but I struggled with Youtube. https://youtu.be/V05CzimYhk8 {image}

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Quoting naustingfx

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Have not be very strong to trade for sometime now, I just came up now and this is what I see at the moment, late entry trade, I have missed about +22pips already, but have to enter for price hope to move further to the north Thanks {image}

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Quoting naustingfx

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{quote} Tp 1 = +75pips Tp 2 = + 182 pips Note all Tps are calculated just from my current entry position If you have the got, the pull the trigger with me, this is high probability trade Thanks

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Quoting naustingfx

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Alert! If you have the got, then pull the trigger with me, this is high probability trade, and let's hope we get to Paris safely, please do note that there is always a crash plan when you take a flight (trade), so be sure to keep your parachute by your side assuming further navigation turns out to be an impossibility Good luck

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Quoting thelordpip

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{quote} First of all thanks for giving us this method free Great Phillip. Secondly, in thus video you mention that you don't pay much attention to MACD. Does this mean that paying attention to the MACD is no longer part of the strategy for profitable trading? Thanks in advance

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Quoting Phillip Nel

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{quote} I have become so familiar with the reaction of the MACD in comparison to the price that I don't have to look to it to recognize a TC etc.... I will use it to spot some huge divergence especially when a trend is about to turn around. {image}

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Quoting naustingfx

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{quote} UPDATE See my new chart,,,price can retrace to Fibo level as shown in chart and most likely proceed to north (my plan), and if price retraces to that, then that becomes another entry opportunity {image}

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Quoting naustingfx

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{quote} Smaller time frame analysis in agreement with the BIGGER PIC All this is part of my thinking, and thanks to God for Phillip who helped to take things down to smaller time frame thank you Phillip See chart below {image}

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Quoting naustingfx

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{quote} UPDATE See my new chart,,,price can retrace to Fibo level as shown in chart and most likely proceed to north (my plan), and if price retraces to that, then that becomes another entry opportunity {image}

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Quoting naustingfx

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{quote} EUR/USD UPDATE: See chart below, price ran +40pips profit for me, but my first tp is not yet reached, if I had entered early I would have taken partial profit my now,,,but I am still watching the market live now, I left and came back now,,,you see what that 61,8 Fib level is doing currently,,,it is trying to produce the 2nd entry I mentioned earlier to the north, let see what happens {image}

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