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4 Hour Strategy (MACD)

  • #3,901
  • Apr 30, 2007 10:48pm Apr 30, 2007 10:48pm
philip

Is there a link or arcive of all your weekly wrap ups where I can download them all and listen to them? or could U email them to me at [email protected]
  • #3,902
  • Apr 30, 2007 11:20pm Apr 30, 2007 11:20pm
Quoting osirisisis
philip

Is there a link or arcive of all your weekly wrap ups where I can download them all and listen to them? or could U email them to me at [email protected]
Wow... Phil goes to the trouble of doing this and you can't even go to every week in the forum and download them manually? Seems like people are getting lazier and lazier on FF.
  • #3,903
  • May 1, 2007 12:01am May 1, 2007 12:01am
Quoting osirisisis
philip

Is there a link or arcive of all your weekly wrap ups where I can download them all and listen to them? or could U email them to me at [email protected]
You will not make money with this mindset my friend. You have to put in the hard yards.
AFTAB Time Will Tell & Price Will Show
  • #3,904
  • May 1, 2007 1:43am May 1, 2007 1:43am
I'm struggling to see much here except trend continuations...
Gone to a better place
  • #3,905
  • May 1, 2007 1:52am May 1, 2007 1:52am
Quoting JoshDance
Well, for one thing--see that big RB to the left of the one you traded at? It's much stronger, it's well below the first line, and it was a good trade (though I had my doubts at the time). The RB you traded on was in a downtrend, and it formed above the first level... now, in an uptrend, a RB above the first level may work okay, but not in such a hugely strong downtrend as here.
I agree, there wasnt much strength to the RB that I took and it was a against the trend.

Thanks everyone for your info. Analysing failed trades is just as important to me as having winning ones.
If it's too good to be true, it probably is.
  • #3,906
  • May 1, 2007 2:45am May 1, 2007 2:45am
EURUSD looks like short round top. Do you take it and what are the TPs. Do we take the trade only if it closes below 21EMA to open the way to the 89SMA. Where would you place the SL - above the high 1.3679 or above the current high 3661?
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  • #3,907
  • May 1, 2007 2:58am May 1, 2007 2:58am
Quoting osirisisis
philip

Is there a link or arcive of all your weekly wrap ups where I can download them all and listen to them? or could U email them to me at [email protected]

Go to page 55 and posts 812 and 814 and it will show you where you can download all the attachments.
Thx
  • #3,908
  • May 1, 2007 3:08am May 1, 2007 3:08am
I took the eurusd short at 3635 with SL 3673 and 0.4 TP3600 and 0.6 TP3582. What do you think?
  • #3,909
  • May 1, 2007 3:49am May 1, 2007 3:49am
Quoting ttitto
I took the eurusd short at 3635 with SL 3673 and 0.4 TP3600 and 0.6 TP3582. What do you think?
I don't know...I hope it works out for you. We might be on different TF, but to me it doesn't look like a convincing enough RT. Since the overall trend is up, this is a countertrend trading which is on average more risky than trading w/the trend. If you took it, the 1st t/p should probably be around the trendline @ 1.3605 or so. The 21MA is way too close by (making it terrible r:r ratio). Then should it break through that trendline, maybe to the 89MA.

good luck
  • #3,910
  • May 1, 2007 4:01am May 1, 2007 4:01am
Quoting ttitto
I took the eurusd short at 3635 with SL 3673 and 0.4 TP3600 and 0.6 TP3582. What do you think?
I am no expert, but this is against the trend. And you're in late. Look at where previous retracements went. You might get 3600 but I would be surprised if you got 3582. Also have you taken account of US news releases later? Could help, but might not... Personally I would pull out with 20 - 30 pips. I think that's cautious. Some people would think I was a crazy gambler!

This is only my opinion and should not influence you either way.
Gone to a better place
  • #3,911
  • May 1, 2007 4:10am May 1, 2007 4:10am
Quoting tamkras
My SL is 163.37 = most recent high 163.22 + 10 pips + 5 broker's spread. First profit is 162.56. R:R looks o.k.

If my SL gets hit, I will reverse the position into long.
I didn't take the trade as I was in doubt, need to test this pair, I didn't work with it before. What is your usuall SL for this pair? When I was testing USD/JPY I came to number 55 most of the time. It was good and for TP too.
I think you are sleeping now
  • #3,912
  • May 1, 2007 4:21am May 1, 2007 4:21am
Quoting smikester
I am no expert, but this is against the trend. And you're in late. Look at where previous retracements went. You might get 3600 but I would be surprised if you got 3582. Also have you taken account of US news releases later? Could help, but might not... Personally I would pull out with 20 - 30 pips. I think that's cautious. Some people would think I was a crazy gambler!

This is only my opinion and should not influence you either way.
I agree with you specially on caunter trend, my candle is not closed yet and as weghio says it doesn's look good. Though it has already gone to 21 MA, so there should have been profit or at least b/e.

And here comes the puzzle I am still struggling to solve:
I have decided to take caunter trends only to the 8 MA, I think kappa you too . It's good because the price always comes to the 8MA when there is a MACD signal but not always to the 21MA in caunter trades. But then we will miss the good move to 89MA from time to time when price sits on 21MA and goes down.
  • #3,913
  • May 1, 2007 4:47am May 1, 2007 4:47am
Hi all,

I live in Indonesia and been doing forex trading for a mth.
I don't know how u guys trade, but in here, I join and invest sum amount of $$ into a future company. The question is how many pips u guys must gain in order to breakeven the comission there? In my case, I must get 7.5pips to cover the comission charge.

Thank you and please give me some info abt your condition out there.
  • #3,914
  • May 1, 2007 4:53am May 1, 2007 4:53am
Quoting mr_xeno
Hi all,

I live in Indonesia and been doing forex trading for a mth.
I don't know how u guys trade, but in here, I join and invest sum amount of $$ into a future company. The question is how many pips u guys must gain in order to breakeven the comission there? In my case, I must get 7.5pips to cover the comission charge.

Thank you and please give me some info abt your condition out there.
Welcome. That depends on your broker and the pair. I use Oanda as market maker where I have 1.2 pips for the EURUSD and no commission.

Regards - Xaron
  • #3,915
  • May 1, 2007 5:24am May 1, 2007 5:24am
Quoting mr_xeno
Hi all,

I live in Indonesia and been doing forex trading for a mth.
I don't know how u guys trade, but in here, I join and invest sum amount of $$ into a future company. The question is how many pips u guys must gain in order to breakeven the comission there? In my case, I must get 7.5pips to cover the comission charge.

Thank you and please give me some info abt your condition out there.
Hi, I am not sure if that what you ask, but my broker is bank and I have 5 pips spread (is there also such term in English?) for all main pairs.
  • #3,916
  • May 1, 2007 6:09am May 1, 2007 6:09am
GBP/JPY

Geppy just broke major res. at 239.40 and its off and running to 240.04. I see nothing in the way until then. I am up 218 pips as of this writing.

J
  • #3,917
  • May 1, 2007 6:16am May 1, 2007 6:16am
Nice pips. I just got off the elevator as I thought it was going to chuck me off the top. Will be a little retracement soon?
Gone to a better place
  • #3,918
  • May 1, 2007 6:51am May 1, 2007 6:51am
hello xeno i live in indonesia too, im using one of the broker that list in here, i dont like using future company from our country since they charge lot of commision and spread,

im using MT 4 as my trading platform, hope this help,

u can pm me if u have questions,

happy pipping


Quoting mr_xeno
Hi all,

I live in Indonesia and been doing forex trading for a mth.
I don't know how u guys trade, but in here, I join and invest sum amount of $$ into a future company. The question is how many pips u guys must gain in order to breakeven the comission there? In my case, I must get 7.5pips to cover the comission charge.

Thank you and please give me some info abt your condition out there.
still in learning curve
  • #3,919
  • May 1, 2007 6:52am May 1, 2007 6:52am
Yea, I know, but Im in for the long haul and this thing will prob. go to 241.60. I may sell a bit at that retracement, but my stop s 120 pips away.

J
  • #3,920
  • May 1, 2007 7:31am May 1, 2007 7:31am
Quoting hard1head1
Yea, I know, but Im in for the long haul and this thing will prob. go to 241.60. I may sell a bit at that retracement, but my stop s 120 pips away.

J
Since we're slightly off topic, I make the following observation re GBP/JPY:

237.46 was a strong buy signal using Philip Nel's system and with no strong sell signals in a strongly trending pair, 239.56 at the time of writing would have given us a cool 200+ pips.

Great work, Phillip. Thank you very much for your hard work and generosity in sharing. Also the input from others much more experienced than I has been valuable.
Gone to a better place
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