Two Tube Trading

GBPAUD, Daily, 2012 April 17
GBPAUD, Monthly, 2012 April 17

EURCAD, H1, 2012 April 17
EURCAD, H4, 2012 April 17

Long @ 1.2999 (5/10), Target @ 1.3130 (mR1)

Lesson 1: Knowing The Signals (Trend Continuation & Counter-Trend Patterns)

Now that you have already set up your chart, let's move on to how to spot and trade signals for 4 hour MACd trading strategy. Basically, there are two types of trade for this strategy. The counter trend trades and trend continuation trades. At the later stage, you might discover more ways to trade with the 4 Hour MACd trading strategy, but lets leave them alone until you have master trend continuation and counter-trend trades.

Trend Continuation Patterns

http://theforexbooks.com/images/stor...terns%20tc.bmp http://theforexbooks.com/images/stor...0downtrend.bmp

http://theforexbooks.com/images/stor...signal%20a.bmp http://theforexbooks.com/images/stor...signal%20b.bmp http://theforexbooks.com/images/stor...0one%20lar.bmp
Signal A & B are the trend continuation patterns when the market is trending up. As you can see, if you trade signal A & B, you would have a profit of 428 pips in that month.

http://theforexbooks.com/index.php/L...ng-the-signals

Conversely, Signal C is a TC pattern during a down trend. This picture was taken during the beginning of August 2008 when USD was strengthening against the EUR. You could have made 564 pips easily if you took this trade.

http://theforexbooks.com/images/stor...ff%20zero1.bmp http://theforexbooks.com/images/stor...led%20back.bmp

Adding on to the list, there are 2 more types of Trend Continuation Patterns you should take note of. Bounce Off Zero (BOZ) & Through Zero Pulled Back look slightly different form the standard Trend Continuation pattern mentioned above, but they are basically the same and should be treated as TC patterns.

http://theforexbooks.com/index.php/L...ng-the-signals

Counter-Trend Patterns
CTs should be traded with caution, as they are relatively considered higher risk signals compared to the trend continuation patterns. As the name has already suggests, CTs are trades that are placed against the trend. CTs are normally traded with strong confirmations from other instruments/indicators such as the trend line, support/resistance line and Fibonacci retracement.

http://theforexbooks.com/images/stor...%20bottom1.bmp http://theforexbooks.com/images/stor...wer%20high.bmp http://theforexbooks.com/images/stor...uble%20top.bmp

http://theforexbooks.com/index.php/L...ng-the-signals

http://theforexbooks.com/images/stories/round%20top.bmp http://theforexbooks.com/images/stor...gher%20low.bmp http://theforexbooks.com/images/stor...e%20bottom.bmp

After mastering all the signals, you should be able to trade these patterns at least 5 times per month. To let you have a feel of how these signals are traded, take a look at the chart attached below.

http://theforexbooks.com/images/stor...4hr%20macd.bmp

http://theforexbooks.com/index.php/L...ng-the-signals

Dear FX-Trader!
Try to transfer some of these ideas (#1103, #1104, #1105, #1106) to the CCI Indicator, please.
Kindest regards
FXcube

Forex Books

You can download free Forex e-books from this website. The information in these Forex e-books will help you develop your trading skills, money management abilities and the emotional self-control.
Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.
Since currently there are more than 80 Forex books in the collection, they are divided into six different sections. Each section is dedicated to its own topic and features the download links to e-books as well as a short description of every book.
If you are the copyright owner of any of these e-books and don't want to share them, please, contact us and they will be promptly removed.

Forex Books for Beginners
Books about Forex Market in General
Forex Books about Trading Psychology
Money Management Forex Books
Books about Forex Strategy
Books for Advanced Forex Traders

http://www.earnforex.com/forex-e-books/

Behavior modification is the key to your trading success. What you have to work out about here involves not only in how you think but also how you act under certain circumstances and in a variety of situations. To be successful, a trader have to adapt to changing market situations over which he has no control and you have to change the situations over which you do have the control.
Kindest regards
FXcube

EURCAD, H1, 2012 April 18

Long @ 1.2983 (5/10), Target @ 1.3088 (DP) (3/10), @ 1.3171 (DR1) (2/10)

CADCHF, H4, 2012 April 18

Short @ 0.9249 (5/10), Target @ 0.9155 (mS1 0.9150)

PO Short 0.9285 (DR2) (3/10), Target @ 0.9180 (DPV)

---
Label:
PO = Pending Order

EURUSD, M5, 2012 April 18

Long @ 1.3079 (5/10)

thank you fxcube for comment

CADCHF, H1, 2012 April 18

H1 Divergence

Short @ 0.9280 (5/10)

PO Short @ 0.9358 (DR2) (5/10)

Thanks for your chart, master FXcube. When i see your chart, i get more knowledge.

EURUSD, M1, 2012 April 18

Scalping

Long @ 1.3074 (10/10)

Here you go, fantom!
I think we are all here to give a constructive, positive feedback each other.
I wish you green pips!
FXcube

I don't have the time and the love to upload all timeframes at this board here when I make the Multiple Time Frame Analysis, but you could see some important ones of them.

#1116

Exit @ 1.3080

Profit: + 6 Pips

EURUSD, M1, 2012 April 18

Scalping

Long @ 1.3073 (10/10)