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Simple 4 Hour System

  • #201
  • Jun 26, 2007 8:42am Jun 26, 2007 8:42am
Marketsniper is using 100 MA as an axis of support/resistance on the 4h plus weekly pivots; TLs are not part of his strategy, it does not mean that he does not know about them, if you combine everything you will get conflicting signals.
Regards
  • #202
  • Jun 26, 2007 11:30am Jun 26, 2007 11:30am
This is a simple system and that's how it should stay. It makes pips, that's all that matters. BTW I am now short eur/chf, entered on the retrace.
  • #203
  • Jun 26, 2007 11:42am Jun 26, 2007 11:42am
The complication is what I fear.

Quoting howard
Marketsniper is using 100 MA as an axis of support/resistance on the 4h plus weekly pivots; TLs are not part of his strategy, it does not mean that he does not know about them, if you combine everything you will get conflicting signals.
Bullish Attitude!
  • #204
  • Jun 26, 2007 11:43am Jun 26, 2007 11:43am
You got a very good price, regardless the market goes right ot wrong.

Quoting DaveB
This is a simple system and that's how it should stay. It makes pips, that's all that matters. BTW I am now short eur/chf, entered on the retrace.
Bullish Attitude!
  • #205
  • Jun 26, 2007 3:54pm Jun 26, 2007 3:54pm
Quoting marketsnipers
The complication is what I fear.
Complex trend lines, you are right let's keep this simple.
  • #206
  • Jun 26, 2007 7:56pm Jun 26, 2007 7:56pm
Marketsniper,do you trade only technicals signals?do you see fundamentals in the market or only pay attention in technicals analyses?

And i belive that eurchf will go down!!!!!
Sorry about my english...
  • #207
  • Jun 26, 2007 10:32pm Jun 26, 2007 10:32pm
Tikin, I respect your use of trendlines. I did not again mean that they are complex, but what I meant is when you have too many indicators, then it becomes complicated to trade.

Hope that helps.

Quoting TiKin
Complex trend lines, you are right let's keep this simple.
Bullish Attitude!
  • #208
  • Jun 26, 2007 10:43pm Jun 26, 2007 10:43pm
Quoting marketsnipers
Tikin, I respect your use of trendlines. I did not again mean that they are complex, but what I meant is when you have too many indicators, then it becomes complicated to trade.

Hope that helps.
I agree and you are starting to be right as your trade is heading south. Simplicity is again showing it's power, I have a tendency to be overly zealous and conservative, did not mean anything negative. I appreciate the work you do.
  • #209
  • Jun 26, 2007 11:52pm Jun 26, 2007 11:52pm
Thank you. Lotsa pips to you.

Quoting TiKin
I agree and you are starting to be right as your trade is heading south. Simplicity is again showing it's power, I have a tendency to be overly zealous and conservative, did not mean anything negative. I appreciate the work you do.
Bullish Attitude!
  • #210
  • Jun 27, 2007 2:48am Jun 27, 2007 2:48am
I am a technical trader. That said, I am not mechanical in approach. I believe in discretion. One of them is the S&Rs I use.

Quoting CIORIMAU--
Marketsniper,do you trade only technicals signals?do you see fundamentals in the market or only pay attention in technicals analyses?

And i belive that eurchf will go down!!!!!
Bullish Attitude!
  • #211
  • Jun 27, 2007 6:36am Jun 27, 2007 6:36am
Ok, 1st target hit
40 pips
  • #212
  • Jun 27, 2007 7:15am Jun 27, 2007 7:15am
Yes, it did.

Quoting Carioca
Ok, 1st target hit
40 pips
Bullish Attitude!
  • #213
  • Jun 27, 2007 11:48am Jun 27, 2007 11:48am
Market,

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: ENTRADAUSDJPY.jpg Size: 58 KB
Sorry about my english...
  • #214
  • Jun 27, 2007 12:22pm Jun 27, 2007 12:22pm
Technically, a short trade.


Quoting CIORIMAU--
Market,

What do you think?
Bullish Attitude!
  • #215
  • Jun 27, 2007 12:46pm Jun 27, 2007 12:46pm
What do you think to use this system in this pair?
Sorry about my english...
  • #216
  • Jun 27, 2007 1:14pm Jun 27, 2007 1:14pm
hi!
i usually trade small TF's and i am thinking of moving to 4 hour charts. what would u guys say is a reasonable stop size on 4 hour charts like for euro?
and what kind of profit target should i be aiming for?
thanks
  • #217
  • Jun 27, 2007 5:42pm Jun 27, 2007 5:42pm
Quoting marketsnipers
Technically, a short trade.
short look now???ahuhuahuahuahuahua
and eurchf????could be a big retracement. im now -6 pips
Sorry about my english...
  • #218
  • Edited Jun 28, 2007 12:15am Jun 27, 2007 11:58pm | Edited Jun 28, 2007 12:15am
So?

Quoting CIORIMAU--
short look now???ahuhuahuahuahuahua
and eurchf????could be a big retracement. im now -6 pips
Bullish Attitude!
  • #219
  • Jun 28, 2007 12:00am Jun 28, 2007 12:00am
There is no such thing as reasonable stops. I have traded with 75 pips stoploss on a 15M chart and a 30 pips SL on 4H. Stops are not supposed to be blindly placed.

Tip: Use Support and resistance to place your SL. You will be on the safer side many a times.

Quoting oneprint
hi!
i usually trade small TF's and i am thinking of moving to 4 hour charts. what would u guys say is a reasonable stop size on 4 hour charts like for euro?
and what kind of profit target should i be aiming for?
thanks
Bullish Attitude!
  • #220
  • Jun 28, 2007 7:04am Jun 28, 2007 7:04am
Has anybody taken the re-entry buy on the EUR/JPY, I did not but would of been a great trade, I find those difficult as I don't quite know when to enter.
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