DislikedAfternoon all,
Entry @ 1.4851
TP: 1.4953 (Just below 100% fib line & bottom of old price channel)
Sl: 1.4673
Cheers WGIgnored
Inserted Video
As normal - Any questions please ask.
Cheers WG
- #19,682
- May 5, 2009 6:20am May 5, 2009 6:20am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
I,ve registered for a Demo contest at IFC Markets i'll use this system to trade. Last time the winner gained around 563,000 starting with 10,000 and 1:100. Do you think i can beat these stats with this stratergy i think i will have to use it on 1h. Wish me Luck.
- #19,684
- May 5, 2009 7:58am May 5, 2009 7:58am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
I,ve registered for a Demo contest at IFC Markets i'll use this system to trade. Last time the winner gained around 563,000 starting with 10,000 and 1:100. Do you think i can beat these stats with this stratergy i think i will have to use it on 1h. Wish me Luck.
If you are lucky enough, you might get signal 3 hour earlier before a 4h candle closed, but this case is rarely happened. However, you must remember the heart of this system is alwyas the 4 Hour Rhythm. So, becareful.
My thought is simple, in 1 trading day, equal to 6 candles of 4h. And there are 4 candles of 1h TF for every candle in 4h TF:-
1 candle of D1 = 6 candles of H4
1 candle of H4 = 4 candles of H1
D1-H4-H1 : These time frames still give me the best result when I make my charting/analysis.
Trading Fx is not a competition, and if you can beat your own personal target in count of pips, that should the best result for you...and certainly that would be enough too...
Hope this message useful for you. All the best...!!!
- #19,687
- May 6, 2009 2:36am May 6, 2009 2:36am
I,ve registered for a Demo contest at IFC Markets i'll use this system to trade. Last time the winner gained around 563,000 starting with 10,000 and 1:100. Do you think i can beat these stats with this stratergy i think i will have to use it on 1h. Wish me Luck.
hello welshguy do you mind posting up your template also with the macd indicator that your using, thanks it makes it easier following up with your video thank you very much mate!
http://www.fxtradeblog.com/tools.html
download them from there and follow the instructions.
TRADING UPDATE:
Both EUR/USD & GBP/USD are in a consolidation period, so its back to the waiting game. There were some good pips to be made over the past week - hopefully a few of you caught some
- #19,693
- May 6, 2009 7:07am May 6, 2009 7:07am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
I have taken the trade.
- #19,694
- May 6, 2009 10:54am May 6, 2009 10:54am
Thanks for the comments. All the indicators are the original's which can be found here:
http://www.fxtradeblog.com/tools.html
download them from there and follow the instructions.
TRADING UPDATE:
Both EUR/USD & GBP/USD are in a consolidation period, so its back to the waiting game. There were some good pips to be made over the past week - hopefully a few of you caught some
Why you didn’t trade GUB/USD at 5/5 ? Can you tell me the reasons?
I entry [email protected], [email protected],[email protected]. The reasons are following:
1D: long green candle closed at previous high yesterday;
4H:
1/Price ride 8EMA;
2/ Spinner with large green body closed above the previous high;
3/A close above the current box range;
4/Although price hit the trend line, price action was still in a upward channel;
5/MACD made TC signal;
Entry at opening of the next candle; set TP at 121.3 FIB because price go though the 100 FIB; set SL below 8EMA;
BTW, the drawing of FIB is correct?
Please give me comments, thank you!
