Hello
anyone caught the eur/usd div on the 4 hour ?
S at 1.2981
anyone caught the eur/usd div on the 4 hour ?
S at 1.2981
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DislikedHi Johny,
http://mediacdn.disqus.com/uploads/m...4/original.jpg
I think this the GBPUSD chart you mean. A very good set up indeed
The price already broke above 200SMA. In the daily chart, the MACD just formed zero break pattern, therefore we see big candle.
The daily chart is to be used together with 4H timeframe to create a better filter.
Trade wellIgnored
DislikedHi Arrow,
Yes that was the one I was talking about it came off nicely in the end. The Eur/Usd looks like its on it's way down at the moment in the 4 hour so I guess it's just a question of waiting to see if a nice TC forms off of the 21ema onto the 89.
I wonder if you can help as well, a few other have asked about the MACD indicator used, I trade on marketscope 2.0 and the lowest setting you can have is 5,13,2 not 5,13,1. Do you by any chance know of a suitable MACD indicator with colouring etc compatible with marketscope 2.0?
Thanks again...Ignored
DislikedOh. I just got confused. During the weekend MACD shows a green candles above zero point and I thought it is TC signal but it is not I closed it at BE. I think this is the best thing to do. I am waiting for better signal.
Regards.Ignored
DislikedI'm looking to the eur/usd for today (12-12-2012).... and think the following...
-we broke and are above the 98
-the rule says...if we break the 98 it first tends to test it again...
So I expecting it's going down for short term and eventually it went into an uptrend.
So I'm waiting for the MACD to confirm it with a RT. and want to trade to the 21 area.. If the MACD confirms the down-move I want to trade depending on the R:R ratio.
What do you think guys...? Or just waiting because it's against the trend "mood" (fewer pips, higher...Ignored
DislikedHi Yvon,
Thanks for your response and view... You're right I think with your view I think......
Top (TP) looks got: is also a resistance (from half oct and half nov). p.s. I read that Phil "never" taking trades above a SL of 48 a 50 pips (he don't want to take such a trade)
I saw the TC to late...so I'm not in and tried (in my last post) to anticipate for the next trade..
success!!Ignored
DislikedThanks.... I missed that info I believe!!
That was a nice run for you!!
For now the MACD is retracing. The rule is saying somewhere in area 8 or 21MA (price wasn't retraiced to the 98....also a possibility)
The Day chart is up at de moment...but is in the neigborhood of a resistance-line (was your TP with your last trade) and the MACD at the day is losing power for the uptrend.
Looks we're going down.....
So at the 4hour I think up if we enter the the 8 and 21 range.....but I would say down wenn I look to the day chart......Ignored
Disliked-please mention the pair you are refering to.
just to say that it is not 98sma but 89sma.
-indeed the rule says that back to 8 or 21ema: it is part orf the rhythm. it's to see the behavior of the market vs the moving averages. the anticipation of the market is what helps the trader to get in the market or not.Ignored