Have a nice weekend.
Such a wonderful week for me and you guys to learn.
Such a wonderful week for me and you guys to learn.
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
Dislikedsorry for off topic, but i just wanted to show you this pack of tails on the 1h against the 200sma on the 4h. tells me that price has found some resistance there. might come down.Ignored
DislikedHI , the post you have refered to was intented to explain the purpose of the Diffeerent moving averages. But according to market rhythm price on euro was heading for 89, i anticipated a pullback the 21 , but price moved a little faster and consolidated around the 8 ema and is now moved to 89 and 200 sma.
Now from here 2 scenarios can be anticipated.
#1: price has to break 89 , pull back to to it or the 21 if it jas crossed 89 by then and then move away to get into bullish mode.( this scenario will be of intrest to me for a trade)
#2 price goes back through the 21, pulls back to it and then moves away ( down) to resume its bearish mode. ( will be of interest to me as well)
Another scenario is a round top on macd with resistance at the 200 and 89 with a trade opportunity down to the 8 and 21 ema but that would be counter trend trade( counter to the short term bullish mode price is in) but i have only been doing trend continuation so will skip that.
Hope this helped. Pip well and Plenty,
Nadia.Ignored
DislikedDear Friends,
I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!
MacalmdIgnored
DislikedDear Friends,
I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!
MacalmdIgnored
DislikedDear Friends,
I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!
MacalmdIgnored
DislikedLook at this chart from last night I posted with the tails. I think I maybe onto somethingIgnored
DislikedHello everyone! Haven't posted here in a while...
Just a heads up w.r.t. Cable Daily Chart. It looks like a definite short signal with a TC developing on Daily chart.Price looks to be bouncing out of the 8-21 zone. Also looks like Cable will close with a lovely bearish engulfing candle later on.In addition, the 89 MA is looking to slice through the 200, for those of us who look to MA crossovers for confirmation.
R:R is good. SL @89 moving average is 177 pips. My Take Profit for my second lot will be the 22 January 2008 low which is 250 pips away. My first lot's target, however, will be the 7 February low which is 200 pips away.
Fundamentally,too, there is a case for shorting this pair, with the Bank of England finding itself in a similar boat to that of the Fed, looking to "fight inflation", but also save their housing market from the current "credit crunch".
Let me know what you guys think of this call.
PS I know this is the 4hr MACD thread, but I've been trading this strategy with success on the daily charts.Whenever I see high probability opportunities on the charts I study, I'll post it on the thread. Dailies are OK for people who miss the London trading session due to work commitments,etc.Ignored