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Attachments: 4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)

hi phillip
what do u think about thease charts? do u think the weekly tail can be a false breakout of the trendline?
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Quoting orangeRANGE
You were considering the Evening Star candle with the Lower Low MACD behaviour as the reason to the the CT.

But, wouldn't it be too much risky against a steady uptrending price during that period sir? I mean, look at the steady gap between 8ema and 21ema themselves. That also explain a lot as per your rules.

Looking forward for your explaination here...master...
See attached
Attached File(s)
File Type: zip Comments.zip   329 KB | 506 downloads
Quoting bshadroo
hi phillip
what do u think about thease charts? do u think the weekly tail can be a false breakout of the trendline?
It might very well be a false breakout. But I am going for a Fib retracement on that weekly pinbar of at least 38%. the 4H candles confirm at least an attemp to retrace. The trendline around 1.6365 will be my Breakeven level. That is where I will set all to breakeven or take 50% off the table.
It depends what happens with price motion at that TL. Lets see how this is going to play out.
Quoting fxlan
What do you think about this USD/CAD TC?
Inverted hammer with a bullish signal candle off the 21ema will allways put the odds in your favor 7/10 times at least.
Trade taken on AudUsd

Edit 1
Closed 50% at 0.9200 for +29. The bottom TL on 1H was the early target.

Edit 2
Price reached the 1H bottom TL for the second time. Set remainder to BE.

Edit 3
Closed remainder for +90pips when the 4H 89sma was reached as planned.
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Somebody asked which pairs I look at to trade the 4H MACD.
EurUsd
GbpUsd
AudUsd
UsdCad
EurGbp
EurJpy
UsdJpy

I only look for the good setups both with and against the trend(Round tops and bottoms)
Quoting Phillip Nel
It might very well be a false breakout. But I am going for a Fib retracement on that weekly pinbar of at least 38%. the 4H candles confirm at least an attemp to retrace. The trendline around 1.6365 will be my Breakeven level. That is where I will set all to breakeven or take 50% off the table.
It depends what happens with price motion at that TL. Lets see how this is going to play out.
ok .i took the trade on smaller TF and will keep it as long as it possible
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Quoting bshadroo
ok .i took the trade on smaller TF and will keep it as long as it possible
Nice entry as well.
I closed my long there and then switch to the AudUsd. I had difficulty to decide between the EurUsd and the AudUsd as they were both sqeezed inbetween two trendlines. I actully have decided on Sunday that I will wait for the AudUsd break to the short side. Lets see what happens.
After 7 months of study, I reached 5 consecutive weeks of positive result using this system (attached img with pips per week). Actually last 3 weeks I had only 1 trade per week, but I'm very proud of my progress.

Thx to all sharing their knowledge.

Cheers,
andy
Attached Image
Quoting Phillip Nel
Nice entry as well.
I closed my long there and then switch to the AudUsd. I had difficulty to decide between the EurUsd and the AudUsd as they were both sqeezed inbetween two trendlines. I actully have decided on Sunday that I will wait for the AudUsd break to the short side. Lets see what happens.
yes..
i'm also waiting for eu ,
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Quoting andy1969
After 7 months of study, I reached 5 consecutive weeks of positive result using this system (attached img with pips per week). Actually last 3 weeks I had only 1 trade per week, but I'm very proud of my progress.

Thx to all sharing their knowledge.

Cheers,
andy
u should be 10 years older than me (if u r 1969) and patient is an advantage for older traders , ur r more patient than me
Quoting andy1969
After 7 months of study, I reached 5 consecutive weeks of positive result using this system (attached img with pips per week). Actually last 3 weeks I had only 1 trade per week, but I'm very proud of my progress.

Thx to all sharing their knowledge.

Cheers,
andy
Congratz Andy! Thats awesome!
Quoting andy1969
After 7 months of study, I reached 5 consecutive weeks of positive result using this system (attached img with pips per week). Actually last 3 weeks I had only 1 trade per week, but I'm very proud of my progress.

Thx to all sharing their knowledge.

Cheers,
andy
If you continue to be that patient you will constantly make pips per month.
Well done
i took this trade today, and i zoomed into 1h for an entry.

Entered once price broke thru 89ema and got out at 18990, thinking that the 365ma would be strong support. so im watchin protential profit slipping at the moment. am i right to ignore chasing this trade? since im in profit for the day, i think i might do. did anyone took this pair as well?
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What a wopper, I watched and waited for the breakout of the AUDUSD all day (and last week), watching and waiting for the breakout and a good entry and ... WHAM ... while I was out of the office today the breakout came ... when I checked my puter I could't believe it ... it just when like rocket ..... eish!!!!
Never give up !!!
Quoting theunis
What a wopper, I watched and waited for the breakout of the AUDUSD all day (and last week), watching and waiting for the breakout and a good entry and ... WHAM ... while I was out of the office today the breakout came ... when I checked my puter I could't believe it ... it just when like rocket ..... eish!!!!
I see this as a positive trade even if you missed it. If you planned it and was not there when it happened it is all part of trading. Happened to me many times before.
Just take the positive out of it that you were right and it was according to the rules and rhythm.
I might have closed to early because it might still go but that was how I planned the trade.
Quoting Phillip Nel
I see this as a positive trade even if you missed it. If you planned it and was not there when it happened it is all part of trading. Happened to me many times before.
Just take the positive out of it that you were right and it was according to the rules and rhythm.
I might have closed to early because it might still go but that was how I planned the trade.
same thing here.. i was off the comp this morning and when i checked it now it whooppp..

there is TC coming on GU .. nice EG off the 21 ema.. got to work out R:R..

thanks
Hi
Here is some photos of the youth camp we had this weekend. We surely could help a few youngsters with some serious problems.

I am not on the photos. Camera shy!!!!!!.
Attached File(s)
File Type: pdf Camp Oct09 FF.pdf   1.8 MB | 1,010 downloads
Quoting Phillip Nel
Hi
Here is some photos of the youth camp we had this weekend. We surely could help a few youngsters with some serious problems.

I am not on the photos. Camera shy!!!!!!.
That is not fair, camera shy is not cool .... how am I suppose to recognize you when I come visit some time

Just kidding, although we do have friends near there and want go visit them sometime and I thought it would be great to say hi ....

T
Never give up !!!
Quoting theunis
That is not fair, camera shy is not cool .... how am I suppose to recognize you when I come visit some time

Just kidding, although we do have friends near there and want go visit them sometime and I thought it would be great to say hi ....

T
When visiting just give private message and we can meet.
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