Nice trade bsh...
In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....
In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....
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DislikedNice trade bsh...
In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....Ignored
DislikedI will see the market this way....
4 HOUR CHART
So far, there were 3 strong Counter Trend (plotted in red circles). I will see the market rhythm between trend line #1 and the blue line that below the price as my extra guide.
Trend line #2 is a little bit strong support for the price now (I did mention this in my previous post). But if the price break below it, I see the next support will be trend line #3. Everybody know how important is this level.
DAILY......Ignored
DislikedNice trade bsh...
In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....Ignored
DislikedNice trade bsh...
In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....Ignored
DislikedHuge volatility in the markets. I am staying on the sidelines until market rhythm is back. there is no market rhythm right now, just lots of volatility. Those that shorted the Eur and Gbp, you are sitting on a lot of pips but it was against my trading rules as there is no clear trend and I am waiting for a clear trend to evolve. the moving averages are not parallel to each other and I like when the moving averages are in parallel to each other and in order from the small to the large or the opposite for a short.
What do you guys think?Ignored
DislikedEur/Usd has retraced back to the trend line drawn which is also sitting at the 23.6 fibo line and the RSI channel as well so many confluence of events here and Round Bottom off of established trend line and fibo line is in the works. Might see a reversal here.Ignored
DislikedEU has been falling pretty hard on the 4hr and that timeframe might be hard to find entries. I'm waiting for price to at least come back to the 8ema for the next probable opportunity.
If your interested in an alternative entry opportunity on the 1hr when the 4hr is riding the 8 like this, try this method if you have the time to monitor the charts:http://www.fxtradeblog.com/bladerunnerintro.htmlIgnored
DislikedEU has been falling pretty hard on the 4hr and that timeframe might be hard to find entries. I'm waiting for price to at least come back to the 8ema for the next probable opportunity.
If your interested in an alternative entry opportunity on the 1hr when the 4hr is riding the 8 like this, try this method if you have the time to monitor the charts:http://www.fxtradeblog.com/bladerunnerintro.htmlIgnored
DislikedHi Palmer,
I've been testing and studying the bladerunner method using my h1 MACD method for quiet sometimes now. This is one of the reason I use a little different set up in my h1 MACD window. (My chart has no coloured MACD and I do not use mt4 for some good reason for myself).
Anyway, what is Rt's and Rb's about? Can someone explain to me about these shortforms? Palmer? Anyone?
Thank you.
p/s-still speculating full retracement for EU since it highest peak @ 18 Dec 2008Ignored
DislikedoRANGE:
RT= round top
RB = round bottom
These are formations that the MACD makes. But these were counter trend trades. Initially, one of the main components of the method were these formations. But, over time Phillip recognized the fact that these were too risky and more emphasis should be put on price action around the moving averages. Personally, I'll watch the MACD but I rarely trade by it on the 4hr.Ignored