Hi, Phillip,
Sorry for my ignorance, what do you mean when you say "positonal trade"?
Thanks
Sorry for my ignorance, what do you mean when you say "positonal trade"?
Thanks
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DislikedHi, Phillip,
Sorry for my ignorance, what do you mean when you say "positonal trade"?
ThanksIgnored
DislikedSaka,
Did you get the Daily Wrapup to open?
I tried to save it in WordPad, but it converts to Microsoft Word.Ignored
Daily Wrapup June 24
The past three weeks have been difficult for the MACD system in a sense that it only gave a few TC patterns, and some of them the candle was way too big to get involved. So very few trades this month, which makes it difficult in terms of pips if you missed it. I was lucky. I posted my trades (see chart). One I took more on experience, although I thought that it was on. That tail that I took was one of them.DislikedHi Everyone!
I was just reading Phillip's June 24th Daily wrap-up and thought it might be a good place to rejoin our community -- especially the part about taking less trades (not to enter the market just for the sake of trading). This is one of the most important discipline steps to learn! Trading less usually makes you more pips and leads to a happier much more balanced individual who can rationally see the market and make rational rule based decisions. Summer is here -- liquidity is low and market conditions are difficult. Trade smart and trade well!
Wishing you all well planned and executed trades!!
PipsIgnored
DislikedHi Everyone!
I was just reading Phillip's June 24th Daily wrap-up and thought it might be a good place to rejoin our community -- especially the part about taking less trades (not to enter the market just for the sake of trading). This is one of the most important discipline steps to learn! Trading less usually makes you more pips and leads to a happier much more balanced individual who can rationally see the market and make rational rule based decisions. Summer is here -- liquidity is low and market conditions are difficult. Trade smart and trade well!
Wishing you all well planned and executed trades!!
PipsIgnored
DislikedHi Phillip,
I am going through this thread from beginning (currently on page 130) looking for support and resistance.I like support and resistance confirmed by MACD to enter trade.I am curious if you use just trendlines, ema's, sma's or also use another system (like yours 5 min MACD or 1 min news) to support entry on 4hr MACD ? Or another pair ? I think it's good to have external support, like another system or pair to enter, for example when i am entering eur/usd trade i look to find some support in usd/chf (which is moving in opposite direction like eur/usd).
Sorry if my question looks stupid for some longterm participants of this great thread, i am newbie at forex.Also thanks Phillip for sharing your knowledges and experience with us.Ignored
DislikedHi Everyone!
I was just reading Phillip's June 24th Daily wrap-up and thought it might be a good place to rejoin our community -- especially the part about taking less trades (not to enter the market just for the sake of trading). This is one of the most important discipline steps to learn! Trading less usually makes you more pips and leads to a happier much more balanced individual who can rationally see the market and make rational rule based decisions. Summer is here -- liquidity is low and market conditions are difficult. Trade smart and trade well!
Wishing you all well planned and executed trades!!
PipsIgnored
DislikedHi Everyone!
I was just reading Phillip's June 24th Daily wrap-up and thought it might be a good place to rejoin our community -- especially the part about taking less trades (not to enter the market just for the sake of trading). This is one of the most important discipline steps to learn! Trading less usually makes you more pips and leads to a happier much more balanced individual who can rationally see the market and make rational rule based decisions. Summer is here -- liquidity is low and market conditions are difficult. Trade smart and trade well!
Wishing you all well planned and executed trades!!
PipsIgnored
DislikedSorry to be a pest, I pretty sure the answer is somewhere in this thread, and I have read close to about 150 pages worth, but I just found this thread about a week ago and I find this system very detailed and respected.
I would like to demo along with it, but I was looking at your setups and I notice Phil that you give specific setups on your Moving averages, and I use IBFX, and I was wondering are all averages based on the close/weighted close/open/linear/ or what not? Just curious, thank you and I appreciate all the help.
Raz
PS I guess anyone on this thread can answer for me, thanks!Ignored