4 Hour Strategy (MACD)

Not much trading for me this week. Just a few 1hr entries on G/J that I'll post. I did pass on some 4hr opportunities including the CT E/U trade earlier but decided to stay out cause of the upcoming holidays.
Congrats to Ira and anyone else who took that E/U trade.

Everyone have a safe and happy Christmas and New Years.
I'm out till Jan. see ya'll then.

Paul

G/J trades

Happy Holidays everyone!!!

Wishing everyone the happiest of holidays and the brightest of new years! May 2008 bring all your dreams into reality -- your days be filled with laughter, good health, peache, happiness and love.
Done trading for the year -- so see you all in January!

Have very much enjoyed working with you all through most of 2007 (hard to believe Phillip's community has been together for so long). You guys/gals are the best! Have fun and be safe!

Phillip, special wishes to you and your family! May the star of unlimited happiness always shine upon you.

Best,
Donna

Thanks Pipsi Cola and MtnMan for your kind words about my trade. I usually stay out of CT's, but I liked the tails and how the price acted on support, although my second TP was too agressive . It seems that bears have good control over this pair with the shooting star on my chart.
Yes, Pipsi a TC from 21 would be a good signal, but who knows when we will see it. The market becomes thinner and thinner. I think I'm done for the week.

As for my U/J - my SL was hit, but no complain, as I knew it was very risky.
Happy weekend to everyone! Let's hope it won't be very busy.

Hi to Everyone,

Thanks for your support and encouragement to all of us newbies this year.
I have learned so much from everyone here and cannot praise you enough!

We're off to Finnish Lapland for 2 weeks, so see you all in the New Year. Have a fantastic Holiday and see you all in 2008 for more fun, education and profitability!

Love & best wishes to all,
Rebecca,x.

I think we can have a nice support line on USDCAD. Lets take the same distance from previous RL and SL and put it below. If we get a long signal from MACD it may be a reason to go north.

What do you think?
-------------------
Michael

I concur.
It just banged into the 365. I look for a VR to possibly go back up soon. I really hate the CT, but this pair has been bouncing off of these S/R points all week.
I am in at .9957
Stop at .992
TP at .9980

Update 1: closed out at 9970 prior to the major news...scalped 13 pips. Not quite Phillip's strategy. I feel so dirty...

Best wishes to all for a safe and happy holiday. Next week should be light (holiday of lights?), so not expecting too much volatility until the end of the week with the triple witching hour.
Frick

My last trade for 2007. Could not resist the 1H setup.

Remainder was closed at BE

Hey Phillip...one more for the road...

Today is looking kind of interesting at the moment. The EU is at the 21 on the 4hr and the Yen is flirting with that resistance again, hmmmmm....

On JU pay attention at 61.8 fib level near 113.67

Yes and also a TLine from 6/22 peak and 10/15 peak is just above and the fibo....

Basically traded sideways since 12/14... Due for a break out... Global equity markets having a great day (typically good for the carry trades)....

MtnMan: Nice thinking on the cable. Hope everyone banked some this week.

Hope everyone has a happy and safe holiday with peace and prosperity in the new year.

Phillip: There aren't enough thanks that can go out to you my friend. YOU, are definitely the man. As pips would say, "You rock!"

Until next week.....

who did catch it?

Phillip, I'm getting ready to copy "Emotional Triggers." Could you, by any chance, write the name of that rotten fruit you ate as a child. It's not one that I know of, and I never could make it out on the mp3. Thanks!

Maroela. We make jam of it as well cooldrink and some sweets.

So finally it did go the way I thought it would go. I wasnt here and was not really watching it after my loss earlier this weak on it. Hope somebody got it.
Thanks

Merry Christmas and a prosperious new year 2008.

Happy new year to all and thank you friends for this nice forex community we have here.
Also Thank you so much Phillip for all the time and effort.

Pips and Palmer and our Type group ,Thank you all too.

Regards
Mike

Info

I've got 2 questions.

Some time ago we were talking about trailing stops. But when I open a trade and set trailing stop I don't see anywhere if this trailing stop is active.
Where I can check it?

Second question abour taking partial TP. When I open position for example 1 lot and i would like to set partial TP I can only do it for 1 lot, so only 1 TP.
How do you do it? Do you open 2 trades to set 2 TP?

Thanks.