4 Hour Strategy (MACD)

***Remaining in the spirit of this Thread/Strategy***

Trade Opportunites

EudGbp since 15th April to 6th May 2011

This is just a quick upadate of previous events...could not post it early due to the challenges on ground for me...I really miss you all for a while now.
Please see chart for clear illustrations. Chart is well explained showing entry, stop loss and exit or take profit levels.

Comment: All the trades that I post here are my Live Account. The MACD system has been proven to be the key to success in this business. In fact, any one in the forex market that is NOT doing what we are doing here is going to crash...

God Bless Phillip

I went fishing today and got only one fish. I entered 2 trades on mobile still running. Will post later. Difficult on mobile as there is no trendlines. Cannot get a full picture.

I just placed this deal now and decided to post it immediately. A MACD Divergence in the H1 time frame; and price finding resistance on the the Daily trendline as seen on the H4 (chart) time frame....

Will post the result later...see the chart for my profit targets, stop loss, entry, etc...

God Bless Phillip

hey, Phillip ,a wonderful day .as a pro trader ,you can trade as well as fish.sa a newbie ,i have to trade as well do my homework .lol .waiting for your video ,then go to sleep.

I will add the rest of the EurJpy trade later on if it closed out.
Phillip

Edit
EurJpy trade added

EUR strength (Price above 14200) and CHF looking to break below 8800 would be good confirmation. I will look at smaller TF for small pullback...

...its quite awsome to know that you can fish. You have got a very nice life style...you are indeed a very experienced person. Despite that the fish is a master in water you overcome its tricks.

What a wonderful breakfast/lunch/dinner this will make up for. I do love eating bread and fish and a cup of tea for breakfast...I wish you well.

My greetings to your household.
Also thanks for the reply on mobile trading.

Wish you will always be here with us. Could they extend your break to 4 weeks? We all need you, I believe.

God Bless you dear!

Here is a trade I'm currently in. The reason for the trade is a break out of the channel price was in and broke out. I would say the resistance line (channel) is yellow to point it out, but it doesn't appear that way in the post. I'm still having trouble with the way my chart posts. I entered when price closed above that level. If you look at lower time frame you can see price was trying consolidating after it closed above it on the 1hr and then proceded up. I'm using the point below the letter a as a price target, below the 89 MA which it the dotted line. It is a more conservative target, but that is just my way and one that cannot be address on this thread.
I also see someone else took the trade
Raymond

Great to see all the posts

Edit: set sl to BE and it looks like it is going to be hit

Video

i am not sure about this .

Trading according to the rules of the rhythm on a smaller timeframe.

The onlt area of concern is that the price is inbetween the 21ema and 89sma ans a possible concolidating before moving on.

thank you Phillip, you are right . and gu had broken the previous trend line .

Hi Guys,

I am attaching the 102 decimal version. Is it possible for someone to modify it to alert when bars crosses the zero line? Maybe even plot an arrow on the chart.

Thanks a lot

inkuumba

VIDEO

but the picture is a little change.

take half profit,let the left run.

lol ,cheers . but ,we should thank phillip,you know .

It took some time for this trade to get going.
Phillip

i missed this one . but on the 4h chart, there are the down lines . so ,,,,,