Pound looks much better, turning around 21 with little tails. We are still in a down trend. The only thing that bothers me is the TL and Fib 61.8. But there is no siganl yet.
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DislikedPound looks much better, turning around 21 with little tails. We are still in a down trend. The only thing that bothers me is the TL and Fib 61.8. But there is no siganl yet.Ignored
DislikedHi Ira,
This is not related to trading but I was wondering what are you using to show that market rhythm "4h rhythm = strong bearish".
Mind sharing the indicator if it is one?
Thanks =)Ignored
DislikedHi Sukarno!
Seems like Ira is offline at the moment, so let me answer this one for her.
When you go to www.fxtradeblog.com , you will see a lots of useful stuffs.
You're gonna find not only tools and indicators, but also lessons, practice charts you can download and more. When you go to the website, go to: 1. The Method 2. Method tools 3. Helpful indicators. There you will find the indicator you're looking for, but also other useful one like the colored MACD indicator.
Most of us here have that colored MACD indicator on our chart.
Hope this will help ya.
We should thank Palmer for putting all the hard work together to create the website! But of course to Philip as well who made it possible! Thank you, thank you and thank you!Ignored
DislikedThe g/u 8:00 tc signal looks very good and is very tempting to trade. But NFP day, so no need to risk. Is anybody taking it?Ignored
DislikedSee my post above, I took it and then got out. Could have held a bit longer perhaps.... But I have a lovely run of wins and I don't want to upset the balance so I closed while in profit.
Shame though this trade was the most technically good looking of the week (in my opinion).Ignored
DislikedAny takers on the G/U, a bounce of 21 with trend continuation, showing tails, ignal on MACD, retrace of about 50% of previous candle.
ANy thoughts?Ignored
DislikedIt would be a trade with the rhythm and it looks very good. Except for the support that exist round 1.9516
The support stems from 3 weeks ago and 4 months ago.Ignored
DislikedAny takers on the G/U, a bounce of 21 with trend continuation, showing tails, ignal on MACD, retrace of about 50% of previous candle.
ANy thoughts?
Update: stopped out for 23 pips loss, beginners mistake, should have stayed out today due to big news Non-Farm payroll, doh!Ignored
Dislikedmy reason :
1. Macd TC signal
2. close body candle higher than close body previous candle (3 & 4 candle bfore)
my concern
1. very long tail 3 candle before.
2. that tail 2 and 4 candle before somehow make resistance i think.Ignored
DislikedThe only reason I did not take it was the NFP news. If ir was the 04:00 to 08:00 candle I would have taken it. Luckily it was the right decision.
Looks like we will have some direction at last. Hope next week brings lots of pipsIgnored
DislikedThe only reason I did not take it was the NFP news. If ir was the 04:00 to 08:00 candle I would have taken it. Luckily it was the right decision.
Looks like we will have some direction at last. Hope next week brings lots of pipsIgnored
DislikedThe only reason I did not take it was the NFP news. If ir was the 04:00 to 08:00 candle I would have taken it. Luckily it was the right decision.
Looks like we will have some direction at last. Hope next week brings lots of pipsIgnored
DislikedOld Dog,
Thanks for the clarification.....I now understand TC better (there were several TCs I didn't take because it meant going wrong way to the 89). So, looking forward to better trading in future.
ATIgnored