There are two explanations 1) bad luck 2) they were reading our posts . I wasn't quick to re-enter, was in doubt.
WELL DONE SAKA!!!!!!
WELL DONE SAKA!!!!!!
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4 hour strategy (the nausbot - 4 hour trader) 11 replies
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DislikedSaka happy for you....now I think you are going to change your tag line to "I Love Tails"Ignored
DislikedHi Phillip, Palmer and the others,
I am a newbie here and have finished going through the first two parts on the first page of the thread.
I am not trading live nor am I trading on a demo account. It is paper trading the 30-50 trades that Phillip has suggested.
This is the first of them. I am wondering if somebody could help me with my rules and the thinking.
I have posted a chart here outlining the two options.
If price goes long (seems unlikely, but...): Will not do anything - wait for another opportunity - maybe when it comes back to the 21SMA and bounces back after it has crossed the 89SMA.
If price goes down (most likely with the 89SMA turning to resistance): If the opportunity presents itself through the current candle close or the next one to go short, then stop loss will be above the 89SMA and target profit1 will be 8EMA and the second target profit will be somewhere between the 8EMA and 21EMA - right?
Thank you.Ignored
Dislikedaccording to my analysis, gu will go down to 365ema of daily chart, same level of 200sma of 4h chart, 1.9842
Hope it worksIgnored
DislikedIt could be the fifth wave of a down cycle (with lower highs and lower lows). It's rebounded pretty strong over the last three hours though.
Hope it works out for you.Ignored
DislikedI just entered this. Any thoughts?
Symbol: audusd
Price: .9182
SL : .9230
TP:.9130Ignored
DislikedI'm definitely not an Elliott Wave trader. Just saw the pattern.
Didn't think there was any way the previous candle could be filled. Just shows that anything is possible.
It's retraced to the .618 Fib of the down move. Let's see if it heads back down. I'm not really a bull or bear on the GBP. Lots of indecision.Ignored
DislikedHallo All,please help me where can i download broker with metatrader platform with closing candle 08.00,12.00.16.00.20.00,00.00.thanks
"Together More Better Than Alone"Ignored
DislikedJuang, -- Are you asking for those hours in GMT time? Because interbankfx.com does that 4 hour time frame in GMT and uses metatrader. --TonyIgnored