anyone looking to get in short on the AUD/USD?
4Hs MACD is turning down,
4Hs MACD is turning down,
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
DislikedHey everyone, Got a textbook trendline test goin on now on the USD/JPY. We will most probably see a T/C signal next. I know Tamara is watching. I posted the 1 hour so you get a good look at it.Ignored
DislikedPhillip,
A question about trading, Please:
Instead of trading 4hr chart, how about trading daily, even weekly chart with MACD? Yes there needs to be bigger SL but that does not mean bigger risk. It only means, with small capital, cannot trade too many. But again, the gains are big if you trade weekly chart. Take a look at GBPJPY weekly. It has decisively crossed the 8 and 21 for the first time since 2005 July or so! is it not a worthy trade only if you can afford the stop loss size and trade in a very limitted way (not too many trades same time)?
What I am trying to get from you is, can we trade this MACD method on weekly? How confidently we can use this in weekly
Thanks.
-ChandraIgnored
DislikedHere is what I am looking at:
Us/JP: I entered a long trade this morning after seeing everybody riding this pair. So envious of the joy of others I jumped in. Now I am showing a small profit of 47 pips, and already moved my s/l to b/e. Seems like everybody in this pair is waiting for the words from the BOJ and then there is a holiday in japan. So maybe i will close this trade in a while if there is not that much movement.
Any thoughts?Ignored
DislikedNot to speak for Phillip but yes you can trade the weekly charts with this system. This type of trading is what the institutional traders do. You have to be able to take big drawdowns esp. with this pair. Could you handle 200-300 pip reversals if you knew you were right? The gby/jpy is moving crazy these days with ups and downs of 100's of pips. You also benefit from the carry trade going long with this pair ( this is the real secret of forex for those who don't know). You would earn $20 a day interest per 1 standard lot ($1000 invested) no matter what direction the trade went. Let me sell you one of my dreams with forex. Have $100k in your account and buy 25 standard lots of the gbp/jpy going long. Make $500 a day in interest no matter what the pair does. How's that for a life?
Ignored
Haven't had time to prepare detailed plan. Will be looking for MACD signals combined with price paterns to enter any of the above mentioned trade scenarios.
Happy Trading everyone!
DislikedI have been looking at this pair for a some time now but have not traded it simply because of the high spread cost. On my platform 9 pips. I placed both charts usd/jpy and gbp/jpy side x side and both look/move very similar.
Are there other advantanges to trading this pair vs. usd/jpy?Ignored
DislikedPhillip,
A question about trading, Please:
Instead of trading 4hr chart, how about trading daily, even weekly chart with MACD? Yes there needs to be bigger SL but that does not mean bigger risk. It only means, with small capital, cannot trade too many. But again, the gains are big if you trade weekly chart. Take a look at GBPJPY weekly. It has decisively crossed the 8 and 21 for the first time since 2005 July or so! is it not a worthy trade only if you can afford the stop loss size and trade in a very limitted way (not too many trades same time)?
What I am trying to get from you is, can we trade this MACD method on weekly? How confidently we can use this in weekly
Thanks.
-ChandraIgnored
Disliked
Monthly record for 4 hour system is: 3 wins (+86 pips w/o spread), 1 BE and 0 loss.
Ignored
DislikedNice one! 0 loss!
Up to now, I am still having a hard time reading when to enter the market. Looking primarily at EU. Then GU and UC also. Likes to watch UJ, GJ as it moves fast, but dont have the heart to keep up with it just yet.
Looking at GU 4h, the MACD seems to be forming a double top, after a lower high. So does that mean GU is headed south in the next few candles?Ignored