Hey pips...I didn't do anything on the 4hr....I'm still waiting on the volatility to settle down and it looks like it's finally getting there. This whole week may be just a sit back and watch on the 4hr charts The E$ looks like it's back to 'normal' though....
I need to say something concerning the 1hr set-ups that I post here and there...
Some of these have very little to do with the 4hr method, but I still look for the signals in the MACD. That 1hr $yen entry was a very tentative entry because I see that pair as still stuck in a range and it's at a psychological 115.00 number. I view some of these trades as quick entry/exits. I already exited that trade with a quick 15 to the downside. For some of these trades the profit targets are mental because the 4hr chart, in my eyes, is not working for me right now. I've got no flow, rhythm,...not feeling it yet. In other words, this wasn't an early entry on the 4hr or a Tc on either timeframe, this was just...'a trade' based on the one hour possible channel hitting resistance again and watching the MACD. I don't want to throw anybody off here or take anything away, or add to, the original intent of this thread which is Phillip's 4 hour strategy. These are just suggestions, or derivatives of that strategy. Sooooo, just be cautious of some of these 'derivative entries'...they can move quick...
I need to say something concerning the 1hr set-ups that I post here and there...
Some of these have very little to do with the 4hr method, but I still look for the signals in the MACD. That 1hr $yen entry was a very tentative entry because I see that pair as still stuck in a range and it's at a psychological 115.00 number. I view some of these trades as quick entry/exits. I already exited that trade with a quick 15 to the downside. For some of these trades the profit targets are mental because the 4hr chart, in my eyes, is not working for me right now. I've got no flow, rhythm,...not feeling it yet. In other words, this wasn't an early entry on the 4hr or a Tc on either timeframe, this was just...'a trade' based on the one hour possible channel hitting resistance again and watching the MACD. I don't want to throw anybody off here or take anything away, or add to, the original intent of this thread which is Phillip's 4 hour strategy. These are just suggestions, or derivatives of that strategy. Sooooo, just be cautious of some of these 'derivative entries'...they can move quick...