Pip,
Thanks for the insight, that is different than mine. I will not trade on Friday, never have and never will, except of course non-farm. I appreciate seeing things like this. Have a good week end and thanks again.
Jim
- #1,123
- Feb 23, 2007 4:28am Feb 23, 2007 4:28am
- | Commercial User | Joined Nov 2006 | 2,223 Posts
FYI
Here is the chart....very different than the one posted by hard1head1...yet the signals work for us all!!!
Also, the short signal changed between writing original post and saving chart. Shows the importance of waiting for close!
GBPUSD at close of 12:00 GMT candle
1. The one might generate a win while the other might give a loss and then it will turn around at other times.
2. Sometimes the one will give a 30 gain while the other will give a 60 gain and then visa versa at other times.
Over time it should preduce around equal gain. This is only my feeling.
So we must be aware that when someone is giving a signal it could differ from ours.
I was never aware of the differences in charting and broker times when I started this thread. I can see that it makes it difficult in discussions. One thing however is that the MACD is based upon human action and should work on all platforms.
1. The one might generate a win while the other might give a loss and then it will turn around at other times.
2. Sometimes the one will give a 30 gain while the other will give a 60 gain and then visa versa at other times.
Over time it should preduce around equal gain. This is only my feeling.
So we must be aware that when someone is giving a signal it could differ from ours.
I'm impressed beyond belief with what you, Phillip, have achieved, and given us to learn and use. & I am grateful for all who have contributed to this thread, for I learn more each day from everyone (and I no longer have to trade alone....my friends hate hearing about pips...and my significant other just glazes over everytime I use words like support, resistance, and ba#@$r%s ran my stop again (that's my "they") (no offense anyone...my stops always get hit around 10AM GMT on the pound).
- #1,129
- Feb 23, 2007 5:07am Feb 23, 2007 5:07am
Very, very well said
This is a very good idea. I have been looking at the MIG charts since last week, and taking information from them and applying to my current broker. If you do this, allow yourself to make trades with your current broker also (or at least think about it). I've been trying to start removing myself from having to use the MIG charts and just my own broker. I'll still use the great macd color changing indicator one of you provided for the MIG (props to you for that), but I'll echo pips4 that each signal still comes through! Which only reinforces that the system works and is very robust.
Amazing isn't it? The differences. But, I tested your system with my time and it works! The system is robust. The reason, I think, is because the MACD is the trigger and our charts will reflect the price action during our time frames accordingly...and the system is also based on price action around MAs, S/R and candles. We may not see the exact same trades, but we should be taking equally good ones. Even more reason to post why we entered trades. This thread is awesome because it reinforces all the necessary skills essential for sucessful trading! & you have at least 3 people who have posted 200 - 500ish pip gains in 1 - 2 weeks using sane rational techniques!
I'm impressed beyond belief with what you, Phillip, have achieved, and given us to learn and use. & I am grateful for all who have contributed to this thread, for I learn more each day from everyone (and I no longer have to trade alone....my friends hate hearing about pips...and my significant other just glazes over everytime I use words like support, resistance, and ba#@$r%s ran my stop again (that's my "they") (no offense anyone...my stops always get hit around 10AM GMT on the pound).
Wow! What great advice!
DireXiv
Make it happen, no one
else is going to do it for you...
- #1,131
- Feb 23, 2007 5:40am Feb 23, 2007 5:40am
I have been hoping this would come to fruition soon. Of course it's on a friday....
Watch it and be patient.... It's holding below the price point for about an hour now....
-I have 2 upper trend lines providing resistance from much upward movement, along with a horizontal resistance line from past history at around 1.1619.
-Price level it's at is very major price point: 1.160 and the candle is further below than anytime this past week.
-The MACD signal is already showing, but will be reinforced if it closes below price point, and should continue down at that point at least 50 pips to the lower trend line.
-Below 89, so downtrend anyway, already was at the 21 ema as far as a retrace (kind of cheating cause it was horizontal movement that got it there).
-Oil reports come out on Monday, but are "suppose" to push it down further. Take that with a grain of salt
-Below the 365 ma.
If you look at my chat you'll see I'm in the trade.... we all make mistakes. wayyy.. to early. I had a trigger in place and was going to delete it before I left for work this morning, but forgot.... Of course as soon as I got to work I was shocked at my account numbers that had changes.... The trigger had been hit! Stupid! Stupid! Stupid! Anyway, wish me luck. I really like the setup, but did NOT want to be in right now. Maybe if I hadn't stoppe for coffee, I would have been able to cancel it in time
.
Watch it and be patient.... It's holding below the price point for about an hour now....
-I have 2 upper trend lines providing resistance from much upward movement, along with a horizontal resistance line from past history at around 1.1619.
-Price level it's at is very major price point: 1.160 and the candle is further below than anytime this past week.
-The MACD signal is already showing, but will be reinforced if it closes below price point, and should continue down at that point at least 50 pips to the lower trend line.
-Below 89, so downtrend anyway, already was at the 21 ema as far as a retrace (kind of cheating cause it was horizontal movement that got it there).
-Oil reports come out on Monday, but are "suppose" to push it down further. Take that with a grain of salt
-Below the 365 ma.
If you look at my chat you'll see I'm in the trade.... we all make mistakes. wayyy.. to early. I had a trigger in place and was going to delete it before I left for work this morning, but forgot.... Of course as soon as I got to work I was shocked at my account numbers that had changes.... The trigger had been hit! Stupid! Stupid! Stupid! Anyway, wish me luck. I really like the setup, but did NOT want to be in right now. Maybe if I hadn't stoppe for coffee, I would have been able to cancel it in time
.
DireXiv
Make it happen, no one
else is going to do it for you...
- #1,132
- Edited 5:49am Feb 23, 2007 5:47am | Edited 5:49am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
I have been watching/waiting for this one too. I just entered at 1.1588 short. MACD gave a sell signal, price bounced off the 8&21 ma's and I believe it's making Leg2 of a down continuation pattern. I think you should be fine...I'm up 13pips at the moment! Enjoy the ride and then enjoy the weekend!!!
I have been hoping this would come to fruition soon. Of course it's on a friday....
Watch it and be patient.... It's holding below the price point for about an hour now....
-I have 2 upper trend lines providing resistance from much upward movement, along with a horizontal resistance line from past history at around 1.1619.
-Price level it's at is very major price point: 1.160 and the candle is further below than anytime this past week.
-The MACD signal is already showing, but will be reinforced if it closes below price point, and should continue down at that point at least 50 pips to the lower trend line.
-Below 89, so downtrend anyway, already was at the 21 ema as far as a retrace (kind of cheating cause it was horizontal movement that got it there).
-Oil reports come out on Monday, but are "suppose" to push it down further. Take that with a grain of salt
-Below the 365 ma.
If you look at my chat you'll see I'm in the trade.... we all make mistakes. wayyy.. to early. I had a trigger in place and was going to delete it before I left for work this morning, but forgot.... Of course as soon as I got to work I was shocked at my account numbers that had changes.... The trigger had been hit! Stupid! Stupid! Stupid! Anyway, wish me luck. I really like the setup, but did NOT want to be in right now. Maybe if I hadn't stoppe for coffee, I would have been able to cancel it in time
- #1,135
- Feb 23, 2007 6:07am Feb 23, 2007 6:07am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
- #1,136
- Feb 23, 2007 6:15am Feb 23, 2007 6:15am
haha... that happened to me at the very end of last week!! and this was/is a good week. I like to equate it to "the matrix" where all of a sudden instead of seeing the overall world around you, you see the math and numbers behind it all... from there you see only the numbers flowing and the world is formed from those numbers..... You can laugh at this comment... everyone else I tell has too
Now... I seriously have to get back to work... enough fun
[quote=Tw0eleven;226513]Thanks Phillip! Something happened the last two days...almost like a light went off in my head and I'm starting to see things more clearly. And I'm getting my confidence back. Your system is great and I'm learning a lot from your pdf's and mp3! Hope I can help some others out one day and become profitable too. Also, thanks for your post on my USD/JPY trade. I think I was a little too nervous and not patient enough to let the trade develop...it has continued downward and I would have been up 20pips now. But like you said, getting out at Breakeven is still a win because I haven't lost anything at all! [quote=Tw0eleven;226513]
You can laugh at this comment... everyone else I tell has too Now... I seriously have to get back to work... enough fun
[quote=Tw0eleven;226513]Thanks Phillip! Something happened the last two days...almost like a light went off in my head and I'm starting to see things more clearly. And I'm getting my confidence back. Your system is great and I'm learning a lot from your pdf's and mp3! Hope I can help some others out one day and become profitable too. Also, thanks for your post on my USD/JPY trade. I think I was a little too nervous and not patient enough to let the trade develop...it has continued downward and I would have been up 20pips now. But like you said, getting out at Breakeven is still a win because I haven't lost anything at all! [quote=Tw0eleven;226513]
DireXiv
Make it happen, no one
else is going to do it for you...
- #1,137
- Feb 23, 2007 6:25am Feb 23, 2007 6:25am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
No laughing here...the people in the Matrix movie can do some pretty impressive things. I'll try that out on the FX market! haha
On a trading note: Anyone in trades on the GBP/USD or EUR/USD...for what it's worth I see first TP's of 1.9670 and 1.3160 respectively. I'd like to see those hit today and close your position for the weekend! Happy trading!
[quote=DireXiv;226517]haha... that happened to me at the very end of last week!! and this was/is a good week. I like to equate it to "the matrix" where all of a sudden instead of seeing the overall world around you, you see the math and numbers behind it all... from there you see only the numbers flowing and the world is formed from those numbers..... You can laugh at this comment... everyone else I tell has too
Now... I seriously have to get back to work... enough fun
[quote=Tw0eleven;226513]Thanks Phillip! Something happened the last two days...almost like a light went off in my head and I'm starting to see things more clearly. And I'm getting my confidence back. Your system is great and I'm learning a lot from your pdf's and mp3! Hope I can help some others out one day and become profitable too. Also, thanks for your post on my USD/JPY trade. I think I was a little too nervous and not patient enough to let the trade develop...it has continued downward and I would have been up 20pips now. But like you said, getting out at Breakeven is still a win because I haven't lost anything at all!
On a trading note: Anyone in trades on the GBP/USD or EUR/USD...for what it's worth I see first TP's of 1.9670 and 1.3160 respectively. I'd like to see those hit today and close your position for the weekend! Happy trading!
[quote=DireXiv;226517]haha... that happened to me at the very end of last week!! and this was/is a good week. I like to equate it to "the matrix" where all of a sudden instead of seeing the overall world around you, you see the math and numbers behind it all... from there you see only the numbers flowing and the world is formed from those numbers.....
You can laugh at this comment... everyone else I tell has too Now... I seriously have to get back to work... enough fun
[quote=Tw0eleven;226513]Thanks Phillip! Something happened the last two days...almost like a light went off in my head and I'm starting to see things more clearly. And I'm getting my confidence back. Your system is great and I'm learning a lot from your pdf's and mp3! Hope I can help some others out one day and become profitable too. Also, thanks for your post on my USD/JPY trade. I think I was a little too nervous and not patient enough to let the trade develop...it has continued downward and I would have been up 20pips now. But like you said, getting out at Breakeven is still a win because I haven't lost anything at all!
- #1,139
- Feb 23, 2007 6:54am Feb 23, 2007 6:54am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
