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4 Hour Strategy (MACD)

  • #11,401
  • Feb 7, 2008 7:40am Feb 7, 2008 7:40am
And I shorted EU, too. I think this is my first TC trade
  • #11,402
  • Edited 8:16am Feb 7, 2008 7:46am | Edited 8:16am
Quoting Ryanmcd
Well did not get up at 2 and cought the move I did not post it due to having different charts then phillip but I wanted to put it up now so you can see.
Hello Dear Ryanmcd, which demo platform are you using to get the candle close at 03:00am, 07:00am, 11:00am Est?

Thank in advance

Shreem

Edit: Ok, dont bother, I have found it in a previous post of EricthePips, IBFX has it. Thank
  • #11,403
  • Feb 7, 2008 7:46am Feb 7, 2008 7:46am
Quoting hijackxx
And I shorted EU, too. I think this is my first TC trade

TC is the only way to go, unless you like to lose money
Keep taking CT trades, I need more money
  • #11,404
  • Feb 7, 2008 7:49am Feb 7, 2008 7:49am
Hi
I hope that this won't be too funny for you, but I have maybe stupid question
My broker is currently Oanda, but due to some missing futures I decided to change it.
But here is the problem
I choose Al trader on meta platform.
But I just can't calculate the leverage and minilots etc.
With Oanda with 1000$ I bought 2000 units and that was 1:2 leverage.
But Al trader offers minilots... What does that mean?
With a 1000 $ account I buy 0.1 lot. Does that mean 1:10 leverage?

Sorry, but I prefer to ask then to make a -$ mistake

http://www.forexfactory.com/images/icons/icon9.gif



P.S. Sorry for off topic
  • #11,405
  • Feb 7, 2008 7:55am Feb 7, 2008 7:55am
Quoting Ryanmcd
TC is the only way to go, unless you like to lose money
I was editing resistance level we were in, and price just broke it in a few seconds.
  • #11,406
  • Feb 7, 2008 8:13am Feb 7, 2008 8:13am
Closed my euro. Target 1 was 35pips, and second closed it manually for 40 pips. Avg. 37.5 pips. Today I just learnt how to use TC
  • #11,407
  • Feb 7, 2008 8:30am Feb 7, 2008 8:30am
Quoting Gabe
IRA, Thank you very much for the constructive comments. I'm a student here. I saw the consolidation you referred to and closed out my long position to make 11 pips. You gave good advice that helped me think for myself how to re-evaluate the probabilities. Its also that you were exactly right and I took 35 more pips in a short position. =0)

We are all students here of MASTER PHILLIP . Glad that it was helpful.
Good luck.
  • #11,408
  • Feb 7, 2008 8:39am Feb 7, 2008 8:39am
Other swissy 50% stopped at BE - total +8.

I was anticipating this move and thought the CHF would be more predictable due to rates coming for both EUR & GBP as all 3 showed the same beautiful basing pattern on the 1H. But swissy was the only one to whipsaw pass previous consolidation levels and of course taking out my stop - but price still respected the next fib level and bounced. Oh well the key is I traded according to my plan.

Look how beautiful and perfect cable bounced on the 1H. For those still not sure how to use the 1H study the chart below then go back and look at TC 4H signals along with the 1H chart during the pullback - you will get an AHA moment that will forever change how you look at price action.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.gif Size: 20 KB
  • #11,409
  • Feb 7, 2008 8:41am Feb 7, 2008 8:41am
great day, took the TC signals on EUR and GBP for a total of 180 pips
  • #11,410
  • Feb 7, 2008 8:58am Feb 7, 2008 8:58am
Quoting mike_dg
great day, took the TC signals on EUR and GBP for a total of 180 pips

lol He's back
Keep taking CT trades, I need more money
  • #11,411
  • Feb 7, 2008 9:08am Feb 7, 2008 9:08am
Quoting bshadroo
i went short on h1 chart.
edit :stoped out
I wouldn't touch the yen if my life depended on it. The 4H price action is got to be the ugliest 4H chunk of candles I have ever seen. You can't even trade the boundary with MACD - you need to enter at bounces near the boundary. However I still glance at it just to see if it will finally break.

I will stick to the trending TC it is much easier.
  • #11,412
  • Feb 7, 2008 9:13am Feb 7, 2008 9:13am
Quoting Ryanmcd
lol He's back

I wish I could make those kind of pips.

Maybe if I just post what I dreamt my account will grow .......
  • #11,413
  • Feb 7, 2008 9:32am Feb 7, 2008 9:32am
What does TC mean? Is it "Trend Change"? Thanks
  • #11,414
  • Edited 9:54am Feb 7, 2008 9:38am | Edited 9:54am
Quoting watcher
What does TC mean? Is it "Trend Change"? Thanks
-TC is trend continuation,
-CT is counter trend, which is the almos tje same as trend change
  • #11,415
  • Feb 7, 2008 9:46am Feb 7, 2008 9:46am
Quoting maxster
I wouldn't touch the yen if my life depended on it. The 4H price action is got to be the ugliest 4H chunk of candles I have ever seen. You can't even trade the boundary with MACD - you need to enter at bounces near the boundary. However I still glance at it just to see if it will finally break.

I will stick to the trending TC it is much easier.
may be ur right .but look at the picture below,the h4 has gived me a sell signal and i told myself :ok i'll wait for a h1 close below that TL and then sell.
it was not just a h1 entry ,h4 was support it befor.but i dont know why,price didnt go down?!
Attached Image (click to enlarge)
Click to Enlarge Name: yen.gif Size: 32 KB
  • #11,416
  • Feb 7, 2008 9:48am Feb 7, 2008 9:48am
hijackxx Thank you for your reply. This makes more sense now.
  • #11,417
  • Feb 7, 2008 9:49am Feb 7, 2008 9:49am
hi,everybody, this is Chinese ancient calendar new year, wish you all have good year of trading, got lots of pips, especially Philip, thanks for your efford. I am proud to be one of 4h traders
Plan your trades and trade your plans
  • #11,418
  • Feb 7, 2008 9:56am Feb 7, 2008 9:56am
Quoting watcher
hijackxx Thank you for your reply. This makes more sense now.
You're most welcome.
  • #11,419
  • Feb 7, 2008 9:59am Feb 7, 2008 9:59am
Quoting saka
hi,everybody, this is Chinese ancient calendar new year, wish you all have good year of trading, got lots of pips, especially Philip, thanks for your efford. I am proud to be one of 4h traders
Ah, yes.. "Gong Xi Fat Chai" to you Saka. Happy Chinese New Year!

PS: Sorry if I spell them wrong.
  • #11,420
  • Feb 7, 2008 10:04am Feb 7, 2008 10:04am
My alarm went off on the G/U on the nose at 3AM... Got some of the move, then set to BE at 20 pips or so... Then at a little prior to 7AM tightened the stop and was out.... (Bummer), but 27 pips average....

Quoting Ryanmcd
Well did not get up at 2 and cought the move I did not post it due to having different charts then phillip but I wanted to put it up now so you can see.
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