4 Hour Strategy (MACD)

Q: why not just post the text inline in the forum rather than as a .doc file?

edit:

I assume there's a real reason, this isn't a criticism.

Hello Palmer,
I was wondering could we recieve an email when somebody post something in trading blog?
thanks
Mike

Hi, if i understand your question you want to know why cant we post the entire mp3 as a post on the forum. well because it will be almost 3 pages and take up a lot of space, plus it is easier for people to print it out if they want. I hope this answer your question.
Best regards,
Nadia

mike1349:

I'm still thinking about that one. I know t would be a lot easier for people to get the info emailed a lot quicker instead of having to go back to the blog to see if there is a new post. It's just that I wouldn't want anyone to think that this is an alert service or if some people start taking trades based on the posts. Pips and Phillip also have permission to post to the blog so I would have to ask them as well. I believe the forum would be able to take care of the removing people from the email alerts if they choose not to receive them anymore automatically, at least I hope so. That hasn't been totally ruled out yet so we'll let you know. Phillip had trouble making a post but that issue was resolved. The forum host is a free service so you get what you pay for. I've been in touch with a fellow FX option trader that has a better forum server that is free as well and the whole thing might be 'moved' over there at some point so I'd rather fix that issue first instead of having everyone resubscribe to a different forum. Stay tuned...

MikeWong:

Looks like things have finally started to move your way...what a sleeper of a day for the EUR$ and the $yen, I was super busy at work anyway so....Patience. But, take notice the the EUR$ is approaching the 21 EMA...


The website has been updated. There is now a 1 Hour Entry link that describes the how to's and a few files to download. Also, the Weekly Review link will have the files that were uploaded to the thread here and will be combined per week for each month. Right now, only the first three weeks of Septmeber are there. Gonna take a while to get things caught up..uploading to the server host has been very slowwwww....I think the last two links will be 'Tools' such as scripts or MT4 custom alert indicators to dowload that are specific to the method. The other link might be the longer term FX option strategies that would be used on longer term charts.

Stay tuned...

Time, the most precious commodity that can't be bought or sold.

Oh yeah...

If there is a broken link or something missspelld on the website you can PM me or drop it in the thread...thanks.

Dear Palmer,

Yeah...and moved SL to BE , went to sleep and woke up price went slightly lower and moved SL to within 20 pips of profit..but was taken out just an hour or 2 ago.

Same thing happened to the cable trade, i set SL to BE and subsequently to 35 pips profit and i got stopped out not much later.

What i realised is that, i did not give enough room and opportunity for price to move. Like what Philip says, give yourself the room and chance to keep in the trade. Likewise, I could have closed 30% and set SL to BE and let it run.
Well i guess, this comes with more screen time, backtesting and 'wax on wax off'!

But anyways 55 pips in the bag, and the EUR/USD seems to be finding support on the 8EMA ...will it bounce? The GBP/USD has went below 89SMA.

Let's see what happens !

Cheers and kudos for the good stuff on the website.

Mike

Hello guys...

the GU looks like its taking a breather at 365ema, it might continue to go down because its in bearish mood now... Price is also at the bottom channel, so if the price is being held there, I will anticipate a up move from the 365ema.. Any comments?

He guys,

Notice the 1hr chart forming tweezers bottom down there.. Right now, there is alot of motion going through this moment. The price is trying to stablise itself and preparing for a move downwards or upwards. The 4hr coincides with a support at lower channel trendline plus 365ema. So an anticipation of an upmove should be consider. Its better not to enter at this moment, that could be a sudden spike down to clear those stoplosses. Still eyeballing it!!

Hi Shauny;
I m taking this position too: long @ 2.0125 stop below 2.0090 option barriers, see if we can go throught 2.0150 (89 sma is there, with 38,2 fib)...

Just half of the position,, ill keep the rest until confirmation, or for an alternative scenario TC pattern...
cheers.

Bounce off the 21...

Got in a little too early on the 1hr but held on. Other entries are from breaks of previous hi's on smaller timeframes. Will tighten up stops before home sales release. 35 pip target hit after entry, may use some of those pips to widen stops on remaining lots.

Oh, that was yummy!

$Yen might be setting up on the 4hr...

Previous downtrend line may turn into support with double bottom and possible Rb in the MACD...lot's of time to go though....

I have entered EurUsd on the 1H supporting 4H off the 21EMA @ 1.4083
[11:11:57 AM] Phillip Nel says: Morning star on 1H off the 89 on 1H
[11:12:26 AM] Phillip Nel says: SL 1.4060
[11:13:21 AM] Phillip Nel says: TP 1.4115 just below previuos high


EurUsd has reach TP area. First lot closed at 115. 2nd Lot Tp on 25 trailing stop. Currently at BE

I am still in with second lot trailing SL at 1.4126

Second lot closed at 1.4126 total pip gain 1Lot for +32 and 2nd Lot for +43 total +38.5. Together with yesterday's of +57 it totals +95 for the week so far. Hope you were also making some good pips

Phillip

[2007/09/24 12:30:57 PM] Phillip Nel says: I went short on the GbpUsd at 12:00 candle at 2.0260 with first target 8EMA at 2.0229 and 2nd TP at 2.0174 nearby 89SMA. SL at 2.0291(just above the bodies of the last 2 candles) I beklieve that damage was doen by the upper tail on previous bar. Lets see how it turns out.

[2007/09/24 12:35:08 PM] Phillip Nel says: 12:00 candle showed aggressive turnaround off the top TL
[2007/09/24 12:35:25 PM] Phillip Nel says: 8:00 to 12:00 candle

[2007/09/24 01:24:32 PM] Phillip Nel says: Cable is getting some support on 2.0240
[2007/09/24 01:25:12 PM] Phillip Nel says: Does not want to go through that

[2007/09/24 02:20:44 PM] Phillip Nel says: I just came here and my BE is being attacked
[2007/09/24 02:21:21 PM] Phillip Nel says: There is some volume increase as well.

[2007/09/24 02:35:39 PM] Betsy says: finally gbp broke 0239
[2007/09/24 02:35:45 PM] Phillip Nel says: Yes

[2007/09/24 02:37:58 PM] Phillip Nel says: Half closes at 2.0229
[2007/09/24 02:38:07 PM] Phillip Nel says: +31

[2007/09/24 02:45:29 PM] Phillip Nel says: My motive for today was also not to take a possible huge turnaround as the emotion of the market did not indicate that(while it is not impossible for the market to run as well). If I can squeeze average 30-50 out of today I will be happy.

[2007/09/24 05:20:14 PM] Phillip Nel says: Looks like GbpUsd ran into support at 2.0215 level
[2007/09/24 05:24:14 PM] Mike says: it's also 8 ema.
[2007/09/24 05:27:51 PM] Phillip Nel says: Yes. Might sit there for a while before moving.

[2007/09/24 07:57:12 PM] Phillip Nel says: Before going into a trade you must establish the breathing space you are going to allow your position to breath. If you havent got that you are going to kill your trades

[2007/09/24 10:09:56 PM] Phillip Nel says: I am still short on second lot on GbpUsd. SL at 2.0230 with TP at 2.0174

This morning when I started.

[09:01:43 AM] Phillip Nel says: What happened to G/U. ??????? Both TP was reached for 2nd lot +85 and 1st lot +31

Total for yesterday was +58

Hello,
ok my candle closed green in 4hr and made a beautiful RB off the TL.so I think going long wouldn't be bad. Also we see higher lows there.
Any comments?

Mike

How do I get into this chat? I would love to watch it real time to learn better.

what is your skype username ?

I would like to join this chat too.. I'm downloading the program... How do i join?

what is your skype username ?

Thanks to everyone , it is a great thread here,a great fx family indeed, i have been following it for pass 7days now and it is great. +56 pips today.
Still on skype, how should we join the chart?, a little bit details please.
Big thanks to Phillip, Big thanks to Palmer, Bil2205, OldDog and Biger Thanks to ALL.