If you count on hope in any trade ……. Get out of it
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
Dislikedtamkras
I went long with gbp/usd from 1.9442
according to this thread i'll keep inside till the macd give me a sign to close is
but in the last discations >>> i see phill and other was talking about taking profit @ 1.9488
will u plz explain that to meIgnored
Dislikedthats where the 365EMA is (+- 2 to 3 pips)....could act as a barrier..Ignored
Dislikedspecial thanks to fnmdx for the indicator - a better visual for the eyes (they need some rest sometimes!).
I'm interested to see if usd/cad will pull out and make some nice double-bottom on the MACD. I will see it within the next 2-3 bars to confirm a reversal. MACD pattern provided ideal set-up for the short trade when the pair bounced off 200SMA - there was enough time to enter as opposed to the recent, almost instantenous, eurodollar and cable movements, the signal was there on the MACD but for many it was a missed signal. Just my thoughts.
I went long with cable @1.9455 - was away from the computer but still saw an opportunity to jump in. I like the previous 4HR inside candle.Ignored
Dislikedthat's correct. As confirmed by Phillip this is a counter-trend trade and there are many barriers on the way up. Partial profit-taking has already started from 1.9472 - you can easily see it now happening (Phillip said about this fib level quite recently), there are 3 other barriers on the way up, 21SMA, price level 1.9500 and 365SMA. At each of these levels a further downtrend may resume. Trend is our friend. A tight stop (trailing stop) might help lock in some profits if you are away from the computer and downtrend is resumed. But, there will be a zillion of other chances.Ignored
DislikedI was just wondering, is anybody trading live here?
Because I hear it everywhere, I just made 100 pips, and so forth. But then it turns out that it was all worth like 30 bucks with some micro account and even that was on demo.
This system seems to be worth it try it live.Ignored
DislikedAnyone still holding on to the EUR.USD pair? It's feeling a little topish I am thinking of selling soon. If it forms a round top I'll reverse my position ;-)Ignored
DislikedSit out and wait. If it breaks above these levels I think its a pretty solid bulish indicator, I would buy there. 1.3050 ish.. I use this similar chart pattern in my swing trading for stocks, if it breaks above the resistance and is forming an ascending triangle, without hesitation I buy.
As for myself I'm going to hang on to my position untill it forms a round top. I do have a funny feeling its going to break above this resistance in the not too distant futureIgnored
Disliked10:42 gmt
Exactly, I took 20 pips early profit with 1 lot and I'm hoping it will make it up to my second tartget at 1.9490. My stop is moved up since I already took profit so that even if it completely resumes the downtrend aggressively, I take away 5-10 pips on my last lot.
Attached is my current trade still on... you can see my "in", and what I now have for "outs" and the pip values at those points.Ignored
DislikedI was just wondering, is anybody trading live here?
Because I hear it everywhere, I just made 100 pips, and so forth. But then it turns out that it was all worth like 30 bucks with some micro account and even that was on demo.
This system seems to be worth it try it live.Ignored
Disliked10:40 GMT
I didnt' know if anyone else was watching this, or i would have posted to get all your thoughts. I actually just got in. although early, it seems to be a good forming trade, lower/higher, against trend line (although recent, it still has 3 hits, and feel really confident when good T/L's are in play), and the 365 is right below the trend line, so my stop is...
Edit: my platform shows an upward closing candle... yours may not.... I didn't check my MIG demo account before making the trade... my mistake.
-just below the 365, and outside the trendline at 1.1644.
-I went long at 1.1673,
-and my target for first profit is - 1.1708 for 35 pips,
-and final target to complete the trade is 1.1734 for 61 pips
-RR: 30 pip risk with 35 pip at first take = good and 61 pip potential = good.
We'll see how it ends up working out. It looks like the gbp/usd setups we've done well on today. Again, I"'m in early (not sure why exactly just seemed good setup), so.... at your own risk at this point.
Edit: Adding ChartIgnored
DislikedI was just wondering, is anybody trading live here?
Because I hear it everywhere, I just made 100 pips, and so forth. But then it turns out that it was all worth like 30 bucks with some micro account and even that was on demo.
This system seems to be worth it try it live.Ignored