DislikedSorry if this has been answered, but I'm new to forex and have started to go through some of this 4 hour system. I understand patience is key, but is entry mostly on the open of a new candle? Thanks in advance for any answer.Ignored
4 Hour Strategy (MACD)
- #21,423
- Nov 12, 2009 7:46pm Nov 12, 2009 7:46pm
This filter shows the time intervals when indicators tend to gives false signal. It is kind of like the color bar used by Palmer but can be even more effective, I have back-tested it.
You can also get it from the the MQ4 community code base.
-How to use it:
If the green line is above the gray line, the further apart the better, it is good to take the trading signal.
David
- #21,426
- Nov 13, 2009 3:07am Nov 13, 2009 3:07am
Sorry, I didn't get back to you. I'll look at it this week-end. To busy right now.
- #21,429
- Nov 13, 2009 11:54am Nov 13, 2009 11:54am
- | Commercial User | Joined Nov 2006 | 2,223 Posts
A piece of economic insight
It is hot, no rain for some time and economic conditions not good. In a small town it has been difficult times and everybody is in debt and stays alive on credit.
Suddenly a rich tourist visit the town and put $100 on the counter of the only hotel in the town and went upstairs to look for a room to spend the night. The hotel owner grab the $100 and run to the butcher to pay his bill. The butcher took it and paid the farmer and the farmer run to pay the local shop owner and the shop owner run to pay the local prostitute who even do business on credit in these difficult times and the women of the night goes quickly to pay the hotel owner where she rent a room to do her business.
The hotel owner puts the money on the counter just as the tourist comes back from searching for a nice room. The tourist was not happy with what he saw and took his $100 to go to the next town.
Nobody in town gained anything but all there debt was reduced by $100.
AMAZING.
It is hot, no rain for some time and economic conditions not good. In a small town it has been difficult times and everybody is in debt and stays alive on credit.
Suddenly a rich tourist visit the town and put $100 on the counter of the only hotel in the town and went upstairs to look for a room to spend the night. The hotel owner grab the $100 and run to the butcher to pay his bill. The butcher took it and paid the farmer and the farmer run to pay the local shop owner and the shop owner run to pay the local prostitute who even do business on credit in these difficult times and the women of the night goes quickly to pay the hotel owner where she rent a room to do her business.
The hotel owner puts the money on the counter just as the tourist comes back from searching for a nice room. The tourist was not happy with what he saw and took his $100 to go to the next town.
Nobody in town gained anything but all there debt was reduced by $100.
AMAZING.
- #21,431
- Edited 9:47pm Nov 13, 2009 5:25pm | Edited 9:47pm
A piece of economic insight
It is hot, no rain for some time and economic conditions not good. In a small town it has been difficult times and everybody is in debt and stays alive on credit.
[font=Times New Roman][size=3]Suddenly a rich tourist visit the town and put $100 on the counter of the only hotel in the town and went upstairs to look for a room to spend the night. The hotel owner grab the $100 and run to the butcher to pay his bill. The...
Like the story you told, people spent their money at the stores, the stores paid their staff, the staff went to lunch and paid the restaurants, the restaurants paid their chefs and waiters etc and everyone got paid and everyone stayed employed.
It was part of the government's stimulus package and has since been credited for preventing our economy from sliding into recession unlike other countries in the Western world. (The other reasons being that we are rich in commodities and we are part of the Asian region.)
Like the rich tourist, the government took the money back in the form of taxes because a good economy means more taxes for them but meanwhile everyone prospered.
A piece of economic insight
It is hot, no rain for some time and economic conditions not good. In a small town it has been difficult times and everybody is in debt and stays alive on credit.
[font=Times New Roman][size=3]Suddenly a rich tourist visit the town and put...
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