4 Hour Strategy (MACD)

I entered in this trade on GBP\USD.

Opinion ? What do they think ? about it ..

Hi to alla

EurUsd


04:00 Strong bullish bar after a previous candle where first the bulls and then the bears were in command (hanging man) and then strong bull command made me take that trade. Entry 1.4566 SL 1.4518 and TP 1.4608. The 1.4600 may play an important role so I will watch that closely. BE after 25 pips at least. 1st TP at 1.4590 and remainder set to SL 1.4570




Edit 1


Set to BE after 25




Edit 2

1st TP Taken at 1.4590 and remainder SL on 1.4570.

Trade analyses

I'm looking for a MT4 GMT+2 broker, like Phillip.

Do you know anyone, guys?

EurUsd


Rule is if it bounce off 21EMA it might go to 89SMA. When the bounce after 1H was strongly down I entered as it was against double Resistance




Entry on 1H 1.4595


SL 1.4624


1st TP 1.4534 (±closest low)


2nd TP at 89SMA on 4H



Will go to BE after 25 pips on 50% and set remaining at -25 stoploss to go breakeven if hit.

NorthFinance

Thank you!

Hi,

the swissy has proven resistance on 21 for 3 times,
It has potential to go down if 21 holds + macd boz.

what do you think?



Greetings

very nice strategy

Waiting for a TC trade to show up. Also I love seeing Phillip kill this market, I watched all the CT trades print but I am trying to get these TC trades down

EurUsd
Rule is if it bounce off 21EMA it might go to 89SMA. When the bounce after 1H was strongly down I entered as it was against double Resistance
Entry on 1H 1.4595
SL 1.4624
1st TP 1.4534 (±closest low)
2nd TP at 89SMA on 4H
Will go to BE after 25 pips on 50% and set remaining at -25 stoploss to go breakeven if hit.
The move up was fast so I am aware of the fact that the price might not go lower as the nearby low. When that shows signs I will act accordingly

12:00
50% set to BE and remainder set to -25 stoploss. Reason for it is that the move up today was fast to 21ema so I want to get on BE if it turn towards 21 again yet give 50% a chance to stay in if it rebounce.

Took 50% profit on 1.4573 close of 1H candle an set remainder to stoploss 1.4620

Edit
15:50 and still but just in with remainder.

Edit
remainder closed out on 1.4620

Hey, Ryan! TC and CT are almost the same, b/c TC in retrace is CT for major trend and vice versa. You traded CT in the past, now you trade TC, and b/c they are the same you are successful now.

You are right they are the same, I was watching all the CT trades setup last night but just took a TC on the USDCHF because I don't want to babysit the trades

OK BOYS..

zoom out, you can not even see the movement of the market.

ok ..

Hello all, I'm new the the thread, but feel I know you all (I'm up to page 260!!!, early May 2007).

I'm quiet impressed with the content, support, training, and overall attitudes of this group (not to mention the profits, )

Curious if the Skype chat is being used??? Tried logging in, but didn't seem to be too populated....

hi, I'm still here in athens but will be going to meteora soon.. Not sure where is that too, just following the crowd.. LOL.. Been looking the charts once in a while when I'm back from the tour and when I woke up in the morning, saw potential trades but didn't have the time to sit down and wait. Missed a few good moves but its all okay to me. Opportunity cost is what I called! I can't tour and trade at the same time

My quick take on EU and GU

EU - currently flirting and consolidating around the 21. So far, there is no clear directions for them. If there is a TC to the downside, I wouldn't take it as well because I have a well defined trendline below it, unless there are room for BE, at least 20 pips. So I favour an upmove, then we can take it to the previous high. Have to wait for the market to show its cards first before any actions.

GU - Its a wild ride for a CT on the 200sma. Was waiting for it in my room for early entry on 1hr but fell asleep. By the time I woke up, the move has move away from my entry point with 20+pips, so decided not to take it. My entry was at the 1hr morning doji star with bullish engulfing. Well, its okay... There will be time for another trade. Looks like the GU is against the 89sma and it might come down. However, by looking at the 1hr, i think we will have some consolidation and price might hover around this area before making another move.

I think some guys made some good pips the past 2 days.. Hope this continues for all of us!! Cheers..

Info

Palmer, I will still get to you with that document. Had no time today. Thanks

Great MP3 as always Phillip and thanks. I am look for a TC in about 8 hours on the EUR and maybe GBP but will have to wait and see. Stopped at cost on my short from this AM.