HAPPY NEW YEAR EVERY ONE AND WISH YOU HEALTH, GOOD LUCK AND PIPS.
4 Hour Strategy (MACD)
- #21,744
- Jan 3, 2010 10:16pm Jan 3, 2010 10:16pm
Hi, everyone. Wish you have happy life and obtain lots of pips in 2010!
Even though my AU trade was failed at last. That's part of game. Low volume enhances the wave of trend, so my sl was touched.
But I also have a gift to you. I have found two good methods to avoid false TC signals. And I also sent them to Phillip, he agreed with me about this. So these methods could be a part of 4h MACD stragtegy. When people who want to enter a TC but not sure about it can use these methods to filter the wrong ones.
Even though my AU trade was failed at last. That's part of game. Low volume enhances the wave of trend, so my sl was touched.
But I also have a gift to you. I have found two good methods to avoid false TC signals. And I also sent them to Phillip, he agreed with me about this. So these methods could be a part of 4h MACD stragtegy. When people who want to enter a TC but not sure about it can use these methods to filter the wrong ones.
Plan your trades and trade your plans
Hi, everyone. Wish you have happy life and obtain lots of pips in 2010!
Even though my AU trade was failed at last. That's part of game. Low volume enhances the wave of trend, so my sl was touched.
But I also have a gift to you. I have found two good methods to avoid false TC signals. And I also sent them to Phillip, he agreed with me about this. So these methods could be a part of 4h MACD stragtegy. When people who want to enter a TC but not sure about it can use these methods to filter the wrong ones.
I read it and it makes perfect sense. Practice the basics along with the 4h method. Good stuff.
bulls
Whats happening in EUR/USD should be happening to you! 
Hi, everyone. Wish you have happy life and obtain lots of pips in 2010!
Even though my AU trade was failed at last. That's part of game. Low volume enhances the wave of trend, so my sl was touched.
But I also have a gift to you. I have found two good methods to avoid false TC signals. And I also sent them to Phillip, he agreed with me about this. So these methods could be a part of 4h MACD stragtegy. When people who want to enter a TC but not sure about it can use these methods to filter the wrong ones.
Hi, everyone. Wish you have happy life and obtain lots of pips in 2010!
Even though my AU trade was failed at last. That's part of game. Low volume enhances the wave of trend, so my sl was touched.
But I also have a gift to you. I have found two good methods to avoid false TC signals. And I also sent them to Phillip, he agreed with me about this. So these methods could be a part of 4h MACD stragtegy. When people who want to enter a TC but not sure about it can use these methods to filter the wrong ones.
- #21,754
- Jan 5, 2010 3:09am Jan 5, 2010 3:09am
Hi, and Happy New Year to everyone out there. Hope people had a great break. I'm looking forward to another year of learning and improved trading with everyone here
Just entered my 1st trade for the year of G/U - a sell based on Daily PA. I never trade 4hr without viewing daily first because it keeps me out of trouble at times....like today, where 4hr gave a TC long.
Daily suggested shorts based on:
- 2 x tails (tweezer tops) at 21 level
- I also have a resistance line at 1.6233 (blue line) ... an inside top formed 16th / 17th December if you use nesting dolls
4hr cautioned longs also:
- double top with aggressive evening star on the most recent top. This cautions against taking 4hr TC longs, especially as the daily has just risen up to the 21, so longer-term sentiment is short.
Entry was on retrace at 1.6118, within the 4hr bar with white arrow above.
SL = 1.6248 (over highs)
BE = 1.6085 (21 ema and base of recent consolidation on 4hr)
TP1 = 1.6020
TP2 = 1.5937
(only trading a small account with these style setups as I'm still on the learning curve with them)
Daily has been in rectangular range since June 2009 (ie. the whole of my daily chart that I've attached) and recently bounced off the base of area on 30th December with bullish engulfing....maybe more moves to the longside over the coming days???
My daily and 4hr charts attached...
Just entered my 1st trade for the year of G/U - a sell based on Daily PA. I never trade 4hr without viewing daily first because it keeps me out of trouble at times....like today, where 4hr gave a TC long.
Daily suggested shorts based on:
- 2 x tails (tweezer tops) at 21 level
- I also have a resistance line at 1.6233 (blue line) ... an inside top formed 16th / 17th December if you use nesting dolls
4hr cautioned longs also:
- double top with aggressive evening star on the most recent top. This cautions against taking 4hr TC longs, especially as the daily has just risen up to the 21, so longer-term sentiment is short.
Entry was on retrace at 1.6118, within the 4hr bar with white arrow above.
SL = 1.6248 (over highs)
BE = 1.6085 (21 ema and base of recent consolidation on 4hr)
TP1 = 1.6020
TP2 = 1.5937
(only trading a small account with these style setups as I'm still on the learning curve with them)
Daily has been in rectangular range since June 2009 (ie. the whole of my daily chart that I've attached) and recently bounced off the base of area on 30th December with bullish engulfing....maybe more moves to the longside over the coming days???
My daily and 4hr charts attached...
Afternoon all,
First of all Happy New Year to everyone. Right onto trading, hopefully 2010 will be a big year for all of us - I plan to take the 4H MACD thread to a new level by creating a managed UK regulated fund enabling me to trade the system on a much larger scale. Any help advice would be grateful!!
Right back onto today - I have just taken the TC signal on the GBP/USD:
Entry: 1.6145
SL: 1.6210
TP: 1.5959
Any questions, please ask I will be able to answer them in the trade review video which I will post once I exit the trade.
Cheers WG
First of all Happy New Year to everyone. Right onto trading, hopefully 2010 will be a big year for all of us - I plan to take the 4H MACD thread to a new level by creating a managed UK regulated fund enabling me to trade the system on a much larger scale.
Any help advice would be grateful!!Right back onto today - I have just taken the TC signal on the GBP/USD:
Entry: 1.6145
SL: 1.6210
TP: 1.5959
Any questions, please ask I will be able to answer them in the trade review video which I will post once I exit the trade.
Cheers WG
- #21,756
- Jan 5, 2010 8:02am Jan 5, 2010 8:02am
Hmmm, not quite the standard approach to taking TC's! 
Nevertheless, I'm in the same trade, so its nice to be riding the same south bound train as you. Will be interested to see your reasoning also.
Ben
Nevertheless, I'm in the same trade, so its nice to be riding the same south bound train as you. Will be interested to see your reasoning also.
Ben
Afternoon all,
First of all Happy New Year to everyone. Right onto trading, hopefully 2010 will be a big year for all of us - I plan to take the 4H MACD thread to a new level by creating a managed UK regulated fund enabling me to trade the system on a much larger scale.
Right back onto today - I have just taken the TC signal on the GBP/USD:
Entry: 1.6145
SL:...
- #21,758
- Jan 5, 2010 10:35am Jan 5, 2010 10:35am
- Joined May 2009 | Status: step into liquid | 3,460 Posts
Afternoon all,
First of all Happy New Year to everyone. Right onto trading, hopefully 2010 will be a big year for all of us - I plan to take the 4H MACD thread to a new level by creating a managed UK regulated fund enabling me to trade the system on a much larger scale.
Right back onto today - I have just taken the TC signal on the GBP/USD:
Entry: 1.6145
SL: 1.6210
TP: 1.5959
Any questions, please ask I will be able to answer them in the trade review video which I will post once I exit the trade.
Cheers...
