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4 Hour Strategy (MACD)

  • #8,941
  • Nov 29, 2007 6:17pm Nov 29, 2007 6:17pm
Quoting Ryanmcd
I did scalp trading for several years and made a great living, but I hated my job trading. It sucked to me taking 5-10 trades a day and working 10+ hours and it seems everytime you step away you missed a good trade. I say use the scalps to make some cash once you have more cash trade longer and longer times and play bigger positions. There are several people who trade 10-20 times a year and make millions. More money = longer times. Also with the longer times you get your life back and your mental health.
Great post, Ryanmcd!!!

As an FYI to those thinking about scalping: In forex, even though you are "scalping" you'd be hard pressed to find a good set-up hitting frequently. You end up sitting for hours waiting for your criteria to hit, so you are lucky to get 2 - 3 entries over a 6 hour period (and I use a 1 min chart frequently to scalp from, and sit waiting for hours before entering!). The only plus for me is the whole "instant" gratification thing....

Scalping only gives you a few pips compared to the longer time frames too (I like to scalp G/J because I can get quite a few pips on a scalp w/relatively little risk). It's much easier to make 60+ pips by trading cable on 4 hour method than to scalp your way there. You also have to have your trade plan and critical points defined either way -- but on the short time frames you really really have to pay attention to short term s&r and use these areas for entry and TP. You also have to be trading without distraction and with complete focus.

I particularly like the last part of Ryan's post (in bold). It is soooooo true. Even though my % gain on the scalping account can be pretty impressive -- it is a bit distorted b/c the account is small and it doesn't take many good G/J moves to really up the equity % wise (I don't trade G/J on the 4 hour method b/c of the large stops necessary).
  • #8,942
  • Nov 29, 2007 6:20pm Nov 29, 2007 6:20pm
Quoting Palmer
unlv:

Scalping is a different monster. Your rules have to be basically set in stone when to get in and get out and your profit targets have to be clearly defined. I've done it, I do it but it's not the most enjoyable thing to do as Ryan has stated. Even on a 5min chart you may have to wait a few hours for the correct set-up. I use a few 'things' for scalping but do not do it very often. I would strongly recommend trying this with a demo account first.
....You are so right...It's not the most enjoyable thing to do....so why the heck do we do it???????? Scalping really does suck!
  • #8,943
  • Nov 29, 2007 6:22pm Nov 29, 2007 6:22pm
Quoting jeta
Thanks for your reply Ted.

Hedged or not hedged, bottom line is all that matters. They are hedging because they are discovering that their profits are more stable and repetitive than if they didn't hedge. From your reply it sounds like you think that good traders make more than 40% y/y ? That is unbelievable. May I inquire how much you make and over what span of time?
Hi,

I'm no pro and have only been trading live since around September.
I'll give you the story so far. In my first live month I made 5.6% (high was around 8% ish) from about 5 trades. This was trading solely end of day prices and the bulk of that profit was from the gold rally. The problem was the account only allowed mini lots, which I considered to represent too much risk for the size of the account. For example I placed a "correct" trade on the Aussie but was taken out as I placed my stop too close, (even though I knew this I did it anyway).
The method that I was trying to develop had much in common with that used on this thread. So I thought I'll see what trading the 4Hr is like. I believe this will allow for slightly tighter stops without becoming a "scalping" style.
Since then I have ditched risking a fixed 2% (or whatever) equity and I am trading microlots, despite a good first month. I think I will continue to do this for the next couple of months, in order to try and iron out the silly errors. Then I will consider using the full position that my risk tolerance allows.

In answer to the question, I believe that this will allow me to make far greater than 40% per annum, without adopting a suicidal risk profile. From all that I have read, and my limited experience, I think that 10% return per month is a difficult but realistically achievable target. I,ll let you know when I've done it six months in a row.

Regards,

Ed.
  • #8,944
  • Nov 29, 2007 6:41pm Nov 29, 2007 6:41pm
Hi all...

I wish to express my gratitude to Phillip for sharing his great systems. I have been quietly following this thread for several months.

Slowly I learned about market rythm and now have gained confidence in using the systems.

Below is my analysis made on last weekend for GBPJPY. Therefore I executed my trading plan this week based on the analysis. As a result, I have made tremendous profit this week by going long on this beast...

Once again, thank you to Phillip and all of you.

http://img509.imageshack.us/img509/2331/gjml6.jpg
{Promotion Removed}
  • #8,945
  • Nov 29, 2007 6:44pm Nov 29, 2007 6:44pm
The EU and UY and the three lower ma's are starting to converge which leave entries and profit targets hard to define. I'm getting in line with Phillip and calling it a 'month'.

Side note, again. I've stated that I trade the 1hr aggressively and my intent on posting these one hour entries is not to confuse people. Once you get the feel for the 4hr method, meaning you 'see' what the 4hr charts are telling you, you start to feel the pulse of the 1hr charts and those entries become a little easier to see. Right now I see the EU and UY taking a breather, a rest if you will, because of the convergence in the moving averages...that's when I rest. 300 pips for the week is where I throw in the towel and get back to work on the 280Z. Those last few entries that I posted took off quick and the profit targets came very fast...within just a few 1hr candles. If there are no ma's, trendlines, or s/r areas defined as profit targets, that is where your risk must define those targets. Risking 25 or 30 pips 'should' mean your target is 25 or 30 pips. Using multiple entries lets you stretch those profits when the initial targets are hit and letting a few stay open to try for more. The further your entry is in the money the harder it is to define what more is. I've held several positions that were deep in the pips only to see them eventually come back down to break even, this happened almost every time. Very few of those kept running. The one's that did were because of some kind of financial market event that happens only once in a while. Think about it, Forex is tied to the global economy. Even the 4hr charts are a drop in the bucket compared to the overall big picture. A drop in the bucket compared to a global market can mean weekly ranges of a few hundred pips either way. It's hard to get those 100 pip trades on a single position.

In my opinion, please chime in if you have a different one, trading 3 positions one at .3 the other at .3 and the other at .4 ( = 1.0 standard lot) vs. just trading one single standard lot at 1.0 gives you more flexibility to let the trade work its way out. Even though 25 pips on a .3 lot is not worth the value of 25 pips on one standard lot this gives you more time to let the overall trend continue instead of taking a quick 25 all at once.

To the "I'm new to Forex and stumbled upon this thread" folks. Be patient. Study the historical charts, both the 4hr and 1hr. By study I mean, take a few months to soak it in before even placing your first demo trade. Just because the 4hr is showing a Rt doesn't necessarily mean to jump in with a short. You will recognize why this is so if you do the homework with the charts and listening to Phillip's .mp3 posts. This is one of the best tutoring threads you will ever come across and it is absolutely free....
  • #8,946
  • Nov 29, 2007 6:49pm Nov 29, 2007 6:49pm
Quoting kelab4x
Hi all...

I wish to express my gratitude to Phillip for sharing his great systems. I have been quietly following this thread for several months.

Slowly I learned about market rythm and now have gained confidence in using the systems.

Below is my analysis made on last weekend for GBPJPY. Therefore I executed my trading plan this week based on the analysis. As a result, I have made tremendous profit this week by going long on this beast...

Once again, thank you to Phillip and all of you.

http://img509.imageshack.us/img509/2331/gjml6.jpg

Once you see the importance of the 21 on the 4hr chart...you're on your way. What's strange is at 'the begining' it takes a while for you to see it even when it is right in front of you. That's where the 'study time' is valuable..
  • #8,947
  • Nov 29, 2007 6:57pm Nov 29, 2007 6:57pm
I just moved my stop to BE (109.85)
  • #8,948
  • Nov 29, 2007 6:57pm Nov 29, 2007 6:57pm
Quoting Ted1983
Hi,

I'm no pro and have only been trading live since around September.
I'll give you the story so far. In my first live month I made 5.6% (high was around 8% ish) from about 5 trades. This was trading solely end of day prices and the bulk of that profit was from the gold rally. The problem was the account only allowed mini lots, which I considered to represent too much risk for the size of the account. For example I placed a "correct" trade on the Aussie but was taken out as I placed my stop too close, (even though I knew this I did it anyway).
The method that I was trying to develop had much in common with that used on this thread. So I thought I'll see what trading the 4Hr is like. I believe this will allow for slightly tighter stops without becoming a "scalping" style.
Since then I have ditched risking a fixed 2% (or whatever) equity and I am trading microlots, despite a good first month. I think I will continue to do this for the next couple of months, in order to try and iron out the silly errors. Then I will consider using the full position that my risk tolerance allows.

In answer to the question, I believe that this will allow me to make far greater than 40% per annum, without adopting a suicidal risk profile. From all that I have read, and my limited experience, I think that 10% return per month is a difficult but realistically achievable target. I,ll let you know when I've done it six months in a row.

Regards,

Ed.
Even 100% a month is realistic, the question is what leverage is used and how much of capitol is risked maximually per trade and eventually per month.

If you have $1000 and you trade with no leverage, to make 10% means you have to take $100, which in term means that in a micromini account where 1 pip is 10 cents you have to make 1000 pips per month. That is assuming all of your trades are profitable... Is it possible?

That sort of gain on a month to month basis is VERY hard in my opinion.
  • #8,949
  • Nov 29, 2007 7:21pm Nov 29, 2007 7:21pm
Looks like the Loonie is back in rhythm after a minor run down yesterday. I stared at a J-Lo (round bottom) all night before going long at .9893 at the 7am est candle, before I left for work at 7:30 EST. RB, 2 doji, LOTS of emotion, 1hr MACD TC...need I say more. It finally rallied after the news past the 21 and 8 ema. I was not only excited about bagging some pipage, but could not wait to get home and catch the CT (as we speak) for a few more heading down. Time to get busy again.

Thanks Philip.

Rick
  • #8,950
  • Nov 29, 2007 7:36pm Nov 29, 2007 7:36pm
Quoting jeta
Even 100% a month is realistic, the question is what leverage is used and how much of capitol is risked maximually per trade and eventually per month.

If you have $1000 and you trade with no leverage, to make 10% means you have to take $100, which in term means that in a micromini account where 1 pip is 10 cents you have to make 1000 pips per month. That is assuming all of your trades are profitable... Is it possible?

That sort of gain on a month to month basis is VERY hard in my opinion.
OK, Jeta...here it is....practice and see what your expectancy is. Then develope your money management rules. I risk 3% of my account per trade and no more than 10% in the market over all trades. 10% is not difficult w/this rule as long as you wait for the set-ups to come to you and do not chase the market. The way it becomes easy is to practice, practice, practice. Sorry if I sound a bit irritated, but I kind of am. I don't understand why people think that good money can't be made consistently in this business. It doesn't come in the beginning usually. Why? Because we do not know how to trade. Once you learn the skills and follow your rules (and use extreme patience and discipline) 10% per month is really quite easy! In the beginning of our trading careers, it is very difficult -- but this changes if you really do the work nec. to become a good trader. If you don't believe you can make on average, 10% or more per month -- why bother learning to trade? The time nec. in learning and planning isn't worth less than 40% per year -- let a money manager do it for you (not a broker, a money manager who charges you a performance fee). You can only accomplish what you believe you can accomplish -- and then work towards making that happen through study, practice, more study etc. Find out the traits that successful traders have -- What do the best of the best have in common? Then emulate them. These are the guys who make Millions (and today I learned Billions) on their finely tuned trading abilities.

Good luck and best wishes,
Pips

PS...w/a $1000 account you could risk $20 - $30 /trade and expect to make this at least 80% of the time if you are extremely dilligent in your study and execution. So let's say you take 10 trades in month 1 and have an 80% win rate. You make $20 X 8 trades = $160 and lets assume 2 losses at $20 each -- your total profit is $120 which is 12%. Doable? Think about your position sizing..It's not that you are taking 1 micro-mini and trying to capture 1000 pips -- that would be very difficult. You are looking for Net Pips -- a cumulative total based on multilots. See...easy, eh?
  • #8,951
  • Nov 29, 2007 7:42pm Nov 29, 2007 7:42pm
Quoting jeta
Even 100% a month is realistic, the question is what leverage is used and how much of capitol is risked maximually per trade and eventually per month.

If you have $1000 and you trade with no leverage, to make 10% means you have to take $100, which in term means that in a micromini account where 1 pip is 10 cents you have to make 1000 pips per month. That is assuming all of your trades are profitable... Is it possible?

That sort of gain on a month to month basis is VERY hard in my opinion.
I understand that. I believe it is impossible to make these kinds of returns with no leverage at all.
But I think that it is certainly possible to bank 200 pips consistently (it's the consistency that is the problem).
That said, I guess we need to find the maximum level of leverage which we can remain comfortable with. For me this would probably lie in the 1:10 range.
I feel that with a consistent method this level of leverage is still safe.
  • #8,952
  • Nov 29, 2007 8:30pm Nov 29, 2007 8:30pm
Quoting pips4uandme
OK, Jeta...here it is....practice and see what your expectancy is. Then develope your money management rules. I risk 3% of my account per trade and no more than 10% in the market over all trades. 10% is not difficult w/this rule as long as you wait for the set-ups to come to you and do not chase the market. The way it becomes easy is to practice, practice, practice. Sorry if I sound a bit irritated, but I kind of am. I don't understand why people think that good money can't be made consistently in this business. It doesn't come in the beginning usually. Why? Because we do not know how to trade. Once you learn the skills and follow your rules (and use extreme patience and discipline) 10% per month is really quite easy! In the beginning of our trading careers, it is very difficult -- but this changes if you really do the work nec. to become a good trader. If you don't believe you can make on average, 10% or more per month -- why bother learning to trade? The time nec. in learning and planning isn't worth less than 40% per year -- let a money manager do it for you (not a broker, a money manager who charges you a performance fee). You can only accomplish what you believe you can accomplish -- and then work towards making that happen through study, practice, more study etc. Find out the traits that successful traders have -- What do the best of the best have in common? Then emulate them. These are the guys who make Millions (and today I learned Billions) on their finely tuned trading abilities.

Good luck and best wishes,
Pips

PS...w/a $1000 account you could risk $20 - $30 /trade and expect to make this at least 80% of the time if you are extremely dilligent in your study and execution. So let's say you take 10 trades in month 1 and have an 80% win rate. You make $20 X 8 trades = $160 and lets assume 2 losses at $20 each -- your total profit is $120 which is 12%. Doable? Think about your position sizing..It's not that you are taking 1 micro-mini and trying to capture 1000 pips -- that would be very difficult. You are looking for Net Pips -- a cumulative total based on multilots. See...easy, eh?
I certainly don't mean to make you irritated. I appologize for doing so. I am really just trying to get a sense for what top knotch traders are able to do.

The reason I have been sticking to the 40% consistancy is because of names like Warren Buffet, Goldman-Socks etc or big mutual funds, hedge funds etc. Consistency wise these guys are happy with 25-30% y/y returns. They have just about unlimited resources, thinking power, computer power, etc. Not to mention the numerous big organizations that underperform in a trending market...

We don't have any of the above. I don't mean to be a negative, but beating these guy more than double, tripple or quadruple is very hard to for me to swallow.

200-300 pips per month on average, maybe...
  • #8,953
  • Nov 29, 2007 8:36pm Nov 29, 2007 8:36pm
Quoting jeta
I certainly don't mean to make you irritated. I appologize for doing so. I am really just trying to get a sense for what top knotch traders are able to do.

The reason I have been sticking to the 40% consistancy is because of names like Warren Buffet, Goldman-Socks etc or big mutual funds, hedge funds etc. Consistency wise these guys are happy with 25-30% y/y returns. They have just about unlimited resources, thinking power, computer power, etc. Not to mention the numerous big organizations that underperform in a trending market...

We don't have any of the above. I don't mean to be a negative, but beating these guy more than double, tripple or quadruple is very hard to for me to swallow.

200-300 pips per month on average, maybe...

But many of those you listed (especially the mutual funds) have legal limits on how much they can invest and into what vehicles they are allowed to invest.

Not to mention, for many of these to buy or sell, they have to sell A LOT, which is tough to do. It is one thing to sell 100 stocks and quite another to sell 1,000,000 stocks. Finding that many buyers can be tough.

Add to it, you have customers who panic when the markets dip, and want out NOW, NOW, NOW. So that takes a big hit on the ol' bottom line.

Then you add in what options you can even buy. You want to purchase $10,000,000 in stocks, then there are only so many companies you can choose from.

So in the end, most mutual funds, and even large hedge funds, all end up owning the same things at the same time, due to their limitations.

This is a HUGE advantage for us small guys.
  • #8,954
  • Nov 29, 2007 8:40pm Nov 29, 2007 8:40pm
Hi all, I´m a newbie that works in a Forex company in Chile, I have been trading only 4 months and really that all the information that i have been receiving by all of you people is making things easier for me.

First of all I need some feedback, because right now I´m receiving tons of information of news that the USD will still be depreciating, but I still see news like the one of Bernanke that should rise carry pairs, so right now I´m on a uncertain path and when I feel like this I prefer to stay out of the market and right now I´m not following the 4hr strategy because I´m not confident with the emotions that I see out there, please if anyone can give me some feedback so I can get my mind on track again it will be nice, should I still follow the trendlines and macd strategy?, I´m seeing that this week Phil and all of you people have made pretty good trades, so any comment for all of you experts will be really welcome.

Thanks a lot.
  • #8,955
  • Nov 29, 2007 9:00pm Nov 29, 2007 9:00pm
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Quoting unlv_tj
But many of those you listed (especially the mutual funds) have legal limits on how much they can invest and into what vehicles they are allowed to invest.

Not to mention, for many of these to buy or sell, they have to sell A LOT, which is tough to do. It is one thing to sell 100 stocks and quite another to sell 1,000,000 stocks. Finding that many buyers can be tough.

Add to it, you have customers who panic when the markets dip, and want out NOW, NOW, NOW. So that takes a big hit on the ol' bottom line.

Then you add in what options you can even buy. You want to purchase $10,000,000 in stocks, then there are only so many companies you can choose from.

So in the end, most mutual funds, and even large hedge funds, all end up owning the same things at the same time, due to their limitations.

This is a HUGE advantage for us small guys.
We retail traders have some advantage compared to hedge funds. We can use our own desire risk and leverage which they can't. They have to answer to all their clients and do reports. On our side, we just have to report to ourselves and things are little more flexible. We can entry and exit anytime we want.. That's a good point!!!
  • #8,956
  • Nov 29, 2007 9:11pm Nov 29, 2007 9:11pm
Quoting jeta
I certainly don't mean to make you irritated. I appologize for doing so. I am really just trying to get a sense for what top knotch traders are able to do.

The reason I have been sticking to the 40% consistancy is because of names like Warren Buffet, Goldman-Socks etc or big mutual funds, hedge funds etc. Consistency wise these guys are happy with 25-30% y/y returns. They have just about unlimited resources, thinking power, computer power, etc. Not to mention the numerous big organizations that underperform in a trending market...

We don't have any of the above. I don't mean to be a negative, but beating these guy more than double, tripple or quadruple is very hard to for me to swallow.

200-300 pips per month on average, maybe...
Hi again...& I owe you the appology...shouldn't be irritated by legit questions (I took it more of a negative post rather than inquisitve (sorry)).

We can't compare ourselves to Warren Buffett...He holds and isn't a trader. His gains are also larger when anualized (he has managed to go from $0 to $54 Billion -- pretty impressive for a non-trader...and he is a value investor...which is a style a friend of mine employs (I've posted reference before)...he is a multi-millionaire (zero debt) and goes for 5%/month min.

As to the other companies, they are looking to maximize profit w/long term strategies. They hold for more time then we do and know that they will be paid hansomly if they average 25 - 40% (most people are thrilled w/this return for doing nothing). Some funds do much better, some much worse (ahem, look at Bear Stearns and Merrill). Position size really does impact how easily they can move in and out of markets (there is a great post before this one explaining nicely). The large companies also use automated systems that follow a set of predetermined parameters -- we aren't limited by this as discretionary traders. Also, you have unlimited brain power within yourself (and there are lots of places to get info to help you if need be). & you called the numerous organizations that underpreform in a specific market environment -- that is because they are system traders -- you aren't. You can develop the skills to take advantage of a variety of different market environments!

Check out Bloomberg (it was a segment on today's broadcast around 2PM EST -- see if it is referenced on their website)....It shows you funds that have made 500% in 9 months and paid their CEO 1 - 2 BILLION DOLLARS (this is from their 20% performance fee). The lowest Top ranker made I think 172% (and was paid 712 Million Dollars)....Why can't you do this??? (OK, maybe not the Billion dollars).

Lastly, and I have to giggle here, you say 200 - 300 pips is possible. That is all you need to achieve % gains that you find unbelievable!! If you trade 1 mini on a $1000K w/30 pips stop loss (3%) and make 200 pips -- you have just achieved 20% for the month (assuming E/U or G/U).

So, learn to trade well and know that tremendous opportunities await (you won't always have high percentage months, but when you average over time, you will be surprised. I average 48%...some months are better, and some not as good.

Happy trading! Keep up the studying and practicing!!!!! & don't limit yourself by thinking small (this doesn't mean to trade irresponsibly).

Best,
Pips
  • #8,957
  • Nov 29, 2007 9:34pm Nov 29, 2007 9:34pm
Quoting pips4uandme
Hi again...& I owe you the appology...shouldn't be irritated by legit questions (I took it more of a negative post rather than inquisitve (sorry)).

We can't compare ourselves to Warren Buffett...He holds and isn't a trader. His gains are also larger when anualized (he has managed to go from $0 to $54 Billion -- pretty impressive for a non-trader...and he is a value investor...which is a style a friend of mine employs (I've posted reference before)...he is a multi-millionaire (zero debt) and goes for 5%/month min.

As to the other companies, they are looking to maximize profit w/long term strategies. They hold for more time then we do and know that they will be paid hansomly if they average 25 - 40% (most people are thrilled w/this return for doing nothing). Some funds do much better, some much worse (ahem, look at Bear Stearns and Merrill). Position size really does impact how easily they can move in and out of markets (there is a great post before this one explaining nicely). The large companies also use automated systems that follow a set of predetermined parameters -- we aren't limited by this as discretionary traders. Also, you have unlimited brain power within yourself (and there are lots of places to get info to help you if need be). & you called the numerous organizations that underpreform in a specific market environment -- that is because they are system traders -- you aren't. You can develop the skills to take advantage of a variety of different market environments!

Check out Bloomberg (it was a segment on today's broadcast around 2PM EST -- see if it is referenced on their website)....It shows you funds that have made 500% in 9 months and paid their CEO 1 - 2 BILLION DOLLARS (this is from their 20% performance fee). The lowest Top ranker made I think 172% (and was paid 712 Million Dollars)....Why can't you do this??? (OK, maybe not the Billion dollars).

Lastly, and I have to giggle here, you say 200 - 300 pips is possible. That is all you need to achieve % gains that you find unbelievable!! If you trade 1 mini on a $1000K w/30 pips stop loss (3%) and make 200 pips -- you have just achieved 20% for the month (assuming E/U or G/U).

So, learn to trade well and know that tremendous opportunities await (you won't always have high percentage months, but when you average over time, you will be surprised. I average 48%...some months are better, and some not as good.

Happy trading! Keep up the studying and practicing!!!!! & don't limit yourself by thinking small (this doesn't mean to trade irresponsibly).

Best,
Pips
When you put it that way, it makes sense.

Is the 48% average trading the 4H MACD?

Thanks for your informative posts and setting me straight.
  • #8,958
  • Nov 29, 2007 9:59pm Nov 29, 2007 9:59pm
Please review my trade.

I entered based on price moving through upper trend line(resistance) and macd closing with a tc pattern. I liked the emotion of the market hitting the 89 several times and the 8 ema.

entry 110.20
stop 109.58 below 89 ema and candle

at 21 pips proift move 50% to be and close out 50% profit.
Put 20pip trailing stop on balance with 50 pip limit.

Please review trade and let me know your thoughts
Attached Image (click to enlarge)
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  • #8,959
  • Nov 29, 2007 10:00pm Nov 29, 2007 10:00pm
Quoting jeta
I certainly don't mean to make you irritated. I appologize for doing so. I am really just trying to get a sense for what top knotch traders are able to do.

The reason I have been sticking to the 40% consistancy is because of names like Warren Buffet, Goldman-Socks etc or big mutual funds, hedge funds etc. Consistency wise these guys are happy with 25-30% y/y returns. They have just about unlimited resources, thinking power, computer power, etc. Not to mention the numerous big organizations that underperform in a trending market...

We don't have any of the above. I don't mean to be a negative, but beating these guy more than double, tripple or quadruple is very hard to for me to swallow.

200-300 pips per month on average, maybe...
If you're so worried about those things Jeta, 1. go work for a fund/bank 2. stop trading.

Warren Buffet & Jesse Livermore, and all the other great traders all started out in our position. I read Livermore started with 1000$ and turned it into 100million at one stage.

anything is possible Jeta, believe in yourself have a goal work towards it and succeed!
  • #8,960
  • Nov 29, 2007 10:02pm Nov 29, 2007 10:02pm
After reviewing my trade I am wondering if I should have waited to enter until the prive moved back to the 89 ema. I have allready closed 50% with 21 pips and moved the other to be.

But as I review did I enter to early not waiting for the prive to come back and test the 89??????

May have just got lucky?
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