4 Hour Strategy (MACD)

Haha .. so obvious when I compare the signal to the chart signifies a rapid reversal.

Although I am only focusing on the Euro I find your charts, even though are in other currencies really helpful in my understanding.

Thanks

Ray

please put the name to whom your message is directed to, thanks.

CONGRATULATIONS GUYS - PAGE 1300 AND GOING STRONG.

WOULD YOU BELIEVE - TRADEMIN 'S POST WAS # 26000 ( vbrn )
VERY APPROPRIATE & FITTING THAT IT IS YOU MY FRIEND .
YOUR INPUT IS HUGE & WE ALL ACKNOWLEDGE YOUR EFFORTS ( BETWEEN SWIMS LOL )

WELL DONE MATE

thanks binnie..."we'r all in this together!"

Trading from the Google of Phillip Nel

(explore the power of revelations and knowledge)

JULY 16 2013: 12:00 CANDLE: GMT+3

Rhema Trading- This means Operating from the Realm of Revelations and knowledge of the divine in the trading of the FOREX market. Do not pursue everything you see in the market, but concentrate on a certain thing or setup that works for you-that works for you in the sense that you have obtain knowledge here from Phillip and a few things (price setups and scenarios in which such setups can thrive or succeed) you have know or discovered yourself, then you have back-tested it with at least 75 to 80 % of accuracy, you now stick to it by not deviating from the revelations you have obtained on how to benefit from it. Then make sure you keep it very simple. Do not desire to do any other thing or pursue any other signal or setup you encounter that is contrary to the one you have established yourself in SIMPLE!

But if you must incorporate anything new, then that new idea must prove itself worthy to be accepted in your trading; in essence the new idea or "flashy" setup must pass the test of back-testing with same percentage of success as stated above (my own idea).

For me any price action setup that wants me to trade it should at least give me not less than 2000 pips per month for a standard account (that is 200 dollars for a mini lot or account of 0.1) PERIOD!

SUMMARY: HAVE A PURPOSE OF WHY YOU ARE TRADING FOREX. FOR ME, I HAVE WORKED OUT A DOCUMENT, A MICROSOFT EXCEL DOCUMENT SETTING A DAILY, WEEKLY AND MONTHLY TARGET FOR MYSELF IN TERMS OF PIPS EXPECTANCY. THE AIM BEING THAT THERE IS A CERTAIN AMOUNT OF MONEY I NEED TO BE MAKING FROM THIS BUSINESS PER MONTH TO SORT OUT CERTAIN AREAS OF MY LIFE. AND ONCE I MEET UP WITH THESE TARGETS, I AM SATISFIED. AND I HAVE SET A TARGET THAT I KNOW THAT IS VERY MODEST IN THE SENSE THAT I NORMALLY MAKE ABOUT 100 TO 200 PIPS BEYOND MY TARGET IF I TRADE CONSISTENTLY EACH MONTH. BECAUSE OF THIS, I AM NOT DRIVEN BY EMOTIONS IN MY TRADING. BECAUSE I AM NOT EVEN DESIRING TO BE IN THE MARKET WHEN I AM NOT SUPPOSED TO. THIS HAS MADE TRADING VERY EASY AND INTERESTING FOR ME. IT HAS BECOME A HUBBY THING FOR ME.

MY TARGET IS JUST 250 DOLLARS PER MONTH FOR AN ACCOUNT OF 0.1 LOT. EVEN WHEN I HAVE MISSED A LOT OF SUCCESSFUL TRADES THIS MONTH I DISCOVERED YESTERDAY THAT I HAVE ALREADY LOCKED IN 205 DOLLARS AND STILL HAVE FEW TRADING DAYS FOR THE MONTH OF JULY. I HAVE DECIDED TO FOLLOW THIS PATH TO THE STANDARD ACCOUNT LEVEL WHERE MY 25O DOLLARS MONTHLY TARGET WILL NOW BE TRANSFORMED TO 2500 DOLLARS, AND BY THE GRACE OF GOD I DO NOT HAVE MUCH LONG WAY TO GO TO GET TO THIS NICE DREAM OR GOAL IN MY TRADING CAREER!!!

I SUGGEST THE SAME PURPOSE TO EVERYONE HERE. LET THE MARKET BE AND DO NOT REALLY GET ADDICTED TO THE MARKET AND FOLLOWING ALL THE PAIRS; THEN HAVE A TARGET YOU NEED TO GET TO IN YOUR TRADING CAREER; WORK TOWARDS IT AND GET THERE, OF COURSE YOU CAN GET THERE BECAUSE WE HAVE A STRATEGY FROM PHILLIP THAT IS WORKING. THEN WHEN YOU GET THERE, YOU CAN NOW BEGIN TO LOOK FOR SOME OTHER THING NEW TO BRING IN AND GET ALONG WITH. AND ASSUMING YOU GET INTO TROUBLE IN ANY NEW THING YOU BROUGHT INTO YOUR TRADING, YOU WILL HAVE AN ALREADY PROVEN PLAN OR PATH TO FALL BACK TO AND SIMPLY ABORT THE NEW IDEA. THIS IS HOW TO BUILD AND ESTABLISH A SOLID FOUNDATION IN ANY FIELD OF LIFE.

"THEN YOU SHALL BE LIKE MOUNT ZION AND CAN NEVER BE SHAKEN OR MOVED BUT WILL ABIDE FOREVER"

BELOW WAS A TRADE I TOOK YESTERDAY: JULY 16 2013: 12:00 CANDLE: GMT+3

I HAVE PUT IN SOME NICE DETAILS IN THE CHART FOR EASY UNDERSTANDING OF IT

PEACE BE WITH YOUR SOULS!!!

on the EURCHF about 140 pips down possibly...projection from the Head and shoulders. will see...

AUDUSD LONG. just got back in, looks like maybe another target about 300 pips up. Will see...

( inverted Head and Shoulders)

Just curious, is your SL at the 9200 area? I'm looking to long EURUSD once the candle closes in another 3 hours.

good morning,
my SL is temporary located at the 21/89 crossing : .9160 (a bit lower than the 21 ema)
but today Fed Chairman Bernanke Testifies, many wallets will be shaken, so my SL should vary accordingly.
I shouldn't be trading, as per the rules, I should wait after the news, but thoses trades are a continuity, already in profits. will see...

LOL. Alright, good trading!

Hey Yvon,

Just a quick question. Did you note this TL? I was actually short last night on this pair. Other than the inverted SHS and the break of your TL, is there anything else that made you confident that it would reach 300pips?

edit: I also know this observation is a bit of a hindsight now that the resistance held, just wanted to see your opinion

Cheers,
Luke

Hi theresaH,
thanks for the question,
this time, while answering you question, I took the opportunity to add some stuff in it!. You probably already know about it, but maybe for others, as long as it could help, I don't mind saying what everybody know, for that ,I apologize, but still, could be another perspective to what we know,
thanks for reading me,
any comments welcome,
Yvon

Thanks Yvon - PDF now Printed out & on my wall.

Hi Guys - Not a lot of Screen time today but thought I would show what I had taken action on since last night.

GU - entry was my 9pm candle close confirmed by Macd TC. Made +4 in my Sim A/c but was very satisfied with the signal and the trade process. One day I will start looking into Trade Management using EA's but until I have got my head around my signals & entries, I will be happy to carry on the way I am going now.



NU - Entry at 1pm Nz. Countertrend Short but because of those failed attacks on that Upper T/Line Resistance and price finally closing below BRN 0.7900., I was OK to take a shot at it heading back to the 21 . The Double RT was a perfect shape & this confirmed my visual take on things. Took 1/2 off with 21 pips & moved S/L to +3. As I write this, I see the 21ma has been tagged but I need another 2 pips to get taken out for full profit. Near enough for me - I will terminate this manually now for another 25 pips on the remaining portion.

Thanks, Yvon, that was insightful. Don't feel the need to apologize for the length, (to me anyway), it's all very well appreciated. I will reread this to get a better feeling of how you execute your trade.

Hi Guys - Friday Morning here & a beautiful sun-shiny day it is too.

Have just closed last nights Gold Long - same story as yesterday though. Entry at 9pm ( then I hit the bed at that time so I cannot monitor things unfortunately ).
Took the RB signal with Price moving away from the bottom of the Consolidation Zone. Target was the upper boundary but it has not got that far. It reached about +70 pips giving an indecision ( Doji) candle then followed that up with another Bearish Indecision with a longish wick that could not match the previous high. Per the rules, price came back & tagged the 8ma - I terminated trade manually +15 ish.



I am just trying to get triggered into the Pound so will post that shortly.
There is also a shot of the Kiwi to follow and any comments good or bad will be gratefully received

Pound - Entry successful:

Entry 1.5228 S/L 60 pips just under the 21ma Target 70 pips mid-way 365 & 200 ma's

Attached Image (click to enlarge)

KIWI - Market Watch:

H & S forming here. Plan A short if neckline is broken. Macd is certainly bearish and I am looking for a rollover to coincide with a break of the neckline. Potential of approx 100 pips (This is just my opinion - based on what Yvon has taught us )

Of course Price can ( & does ) make us look idiots sometimes so If there is a reversal in sentiment and Price takes out that BRN 0.79000 & upper T/Line Resistance in a strong fashion and closes very bullish, then the H&S bet is off and I will look for any longs in the direction of the recent uptrend & mood of the 89. This will be my plan B.

Attached Image (click to enlarge)

Went long on AUDUSD. Daily Chart shows a pinbar forming, with 1 hour to candle close. H4 chart shows RB on MACD, price above 8 and 21 MA. Overall, it gave me a bullish signal.

on AUDUSD
I see also a inverted Head and shoulders on the 4hrs charts, the head being at .8996 (around that) and the right shoulder being at around .9252.

on the pull back to the 89sma , I just added more position. if the price break the neck line, a projection of about 300 pips COULD be reached. if you look at the neckline direction , bullish divergence appears on the macd, sugesting a possible bullish direction for the pair .
but again, it is a projection.
By the rules (on the 4hrs chart): if you look at price action, the pair crossed(jully 16,) on the way up, the 21, then the 89. then a pull back happened to 21, crossed the 21, reached the 89, before a slow start to move away. the pair is right there now.
the pair have the last word on the direction.- but from the rules, I am just expecting that move away to be up.- but the last word doesn't belong to me. so just waiting...will see...

The only thing that I'm wary of is the price being a little near to the BRN .9200. Still I longed. Shall see.