DislikedThe zipped attachment is a wordpad written copy of Phillip's analysis of the EURUSD breakout trade for those who have trouble understanding spoken English. Good luck with it.Ignored
Phillip
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DislikedThe zipped attachment is a wordpad written copy of Phillip's analysis of the EURUSD breakout trade for those who have trouble understanding spoken English. Good luck with it.Ignored
DislikedThe zipped attachment is a wordpad written copy of Phillip's analysis of the EURUSD breakout trade for those who have trouble understanding spoken English. Good luck with it.Ignored
DislikedAlso I have really never drawn trend lines. Is there a good book that helps with this? I know the MACD very well and how to read it just need help with the trend lines. Thanks again.Ignored
DislikedAlso I have really never drawn trend lines. Is there a good book that helps with this? I know the MACD very well and how to read it just need help with the trend lines. Thanks again.Ignored
DislikedBy what I know so far about drawing trendlines...
Trend lines most often also work to determine support/resistance levels. Previous support can become future resistance, and vice versa. You can draw them on any time frame. Longer time frames have trend lines that are strong s/r levels but you can also draw trend lines in between, meaning in shorter time frames. Trend lines in longer time frames are External, and trend lines in shorter time frames are Internal. Externals are stronger than Internals. An External bullish trend line, can have Internal bearish trend lines. Always be aware when approaching the external trend line, since the internal trend line may change direction.
To the point... Before you draw them, you have to identify the general direction of the market up, down, sideways, and you also have to identify the ABCD pattern. Well, that's the way I do it. In an uptrend, A is the lowest low, B is a new high on that uptrend, C is the next higher low, and finally D is a higher high. Draw a line from A to B and you have your trend line. The opposite holds for a downtrend line but with the same principle. As the trend continues (if it does), C becomes A, D becomes B, and then you would have a new C and D. Get it?
Can you help me out with the MACD please?? jeje, I'm having trouble with this one.
Keep on pippin!Ignored
DislikedThanks for that 5 star posting, "pips4youandme",
Hats off, pat on the back, bloody well done.
Regards Marty.Ignored
Dislikedhello friends
i have question
Can i use 4H macd system & default Set in lower time frame 30M & 1H and use patterns like zero line , trend countinuation , trend reversal zero back & rounds & double top & Etc that philip says in e-book
Or you offer me use some of them ?
many thanksIgnored
DislikedHi pips, You dont have to feel guilty at all , we know that our decisions are our own. I went with my gut feeling and went for a short at zero break for 35 pips. ( even though i said earlier i might not). now i am waiting for a nice bounce off 8 ma on 4 hour. the macd has given a TC on 4 hour like 20 min ago, but current candle retracing a bit, and finding resistance at 8 ma on one hour. so will watch very carefully to see where to enter. also have my eyes on the daily around 8ma. Thanks for your updates,
Best wishes,
Nadia.Ignored
DislikedI expected the EURO breakout due to the strong divergency and had a wonderful trading plan both on short and long, but I didn't executed it . The reasons are: move was very strong, I waited for a retrace, but it didn't happen. But the main cause was my fear! I had already one loss waiting for breakout, so wanted some more and more conformation. When I had it, it was too late . Next trader's mistake - don't let the past failures interfere in your present work!
Move on... Euro has gone through 89MA and stopped at 1.3700 price level giving a RB on MACD. The rule tells us that after going through the 89 it might go and test 21 again. But on it's way there is 89, pivot and 23.6 Fib number, besides 21 can travel to this level as well.Ignored