Kiwi - Entry made:
Off to bed now but just got the trigger ZB (TC) to go long. Anyone comment??
Off to bed now but just got the trigger ZB (TC) to go long. Anyone comment??
4 Hour Strategy (MACD)
- #26,922
- Edited 8:32am Feb 13, 2014 8:21am | Edited 8:32am
- | Joined Dec 2013 | Status: It's all about S/R | 256 Posts
I think GBPUSD should go down? MACD turn red, besides, it has reached above +45 line. Considering it's countertrend, 1.6564 (EMA 8) should be the next target? Need some inputs.{image}
- #26,924
- Feb 13, 2014 9:58am Feb 13, 2014 9:58am
- | Joined Dec 2013 | Status: It's all about S/R | 256 Posts
Potential trade setup. Please comment so that we can learn together.
I'm only posting these setups for comments. I'm still a novice and learning. Trade at own risk!!
And if you loose don't go searching for another strategy!!!
I'm only posting these setups for comments. I'm still a novice and learning. Trade at own risk!!
And if you loose don't go searching for another strategy!!!
- #26,930
- Feb 13, 2014 12:54pm Feb 13, 2014 12:54pm
Potential trade setup. Please comment so that we can learn together. I'm only posting these setups for comments. I'm still a novice and learning. Trade at own risk!! And if you loose don't go searching for another strategy!!!
Thanks buddy.... lets watch together....
I've been stopped out on a few trades (that wash and rinse on the Euro has killed me this week), so now enjoying watching and learning only.
If the PA / RB doesn't work properly and price booms up, how do you protect yourself against going short early?
Are you using the M5 to watch the up move and wait for price to break down on the M5 to go short at the determined level?
- #26,931
- Feb 13, 2014 1:08pm Feb 13, 2014 1:08pm
I think GBPUSD should go down? MACD turn red, besides, it has reached above +45 line. Considering it's countertrend, 1.6564 (EMA 8) should be the next target? Need some inputs.
Hello,
Those CT the counter trend trade, seem to be the easier ones to trade as it looks so visual (i know this from experience and financial pain)
The TC trend continuation is where the money and good pips can be made.
I am just moving off the CT...I can guarantee 1 thing..that you will lose doing CT....You need to be learning the TC..
For this system, the only candles Phillip really talks about are spinners (doji). Personally I would take off your candle indicator for this system.
Learning the patterns can be important but do you need to learn all the names yet, i just find them off putting and there is enough to concentrate on as it is.
I used to use the same indicator, that's why I am commenting.
Just my 2 pence worth, not meant to be a criticism just helpful advice. Tell be to bog off if you want
- #26,932
- Feb 13, 2014 1:18pm Feb 13, 2014 1:18pm
- | Joined Dec 2013 | Status: It's all about S/R | 256 Posts
{quote} Thanks buddy.... lets watch together.... I've been stopped out on a few trades (that wash and rinse on the Euro has killed me this week), so now enjoying watching and learning only.
To answer your question if PA doesn't work properly I just don't take the trade. Using the MACD will help me not to go in to early. I hope this answers your question.
At the moment I'm just sticking with the 4H TF. Still practicing trading on the shorter TF's.
- #26,933
- Feb 13, 2014 9:42pm Feb 13, 2014 9:42pm
{quote} Hello, Those CT the counter trend trade, seem to be the easier ones to trade as it looks so visual (i know this from experience and financial pain) The TC trend continuation is where the money and good pips can be made. I am just moving off the CT...I can guarantee 1 thing..that you will lose doing CT....You need to be learning the TC.. For this system, the only candles Phillip really talks about are spinners (doji). Personally I would take off your candle indicator for this system. Learning the patterns can be important but do you need...
In fact, I want to thank you for pointing one important thing on this system is that TC works safer than CT. I understand it now after I read again all the pdf provided here. LOL (took me some time, but better invest in your time rather than loosing your money right?)Rules that I will keep in mind from now while doing CT is the SR level and market condition. If the trend is really strong, I'd rather let it pass and look for TC.
Thanks bro. I learn new things here...
- #26,934
- Feb 14, 2014 12:52am Feb 14, 2014 12:52am
Tonites Watch:
Kiwi options - Plan A Short: H & S forming . Double top - Watching a move back down to take out the neckline. If that comes, could give a ride down to
89ma. Lower Highs on Macd = Divergence with Price + Double RT.
This will be Counter Trend so must be careful.
Plan B Long: In rythym , Pulled back to 21 & moved away in uptrend. Price above 89 so mood is bullish. Just consolidating at the moment
so anticipating another move up. Last pullback was to the 8ma so a strong move away might signal a Continuation up. Watching
Macd for a TC trigger.
Hey you guys - did you get triggered into that AJ Short at last candle ?
Kiwi options - Plan A Short: H & S forming . Double top - Watching a move back down to take out the neckline. If that comes, could give a ride down to
89ma. Lower Highs on Macd = Divergence with Price + Double RT.
This will be Counter Trend so must be careful.
Plan B Long: In rythym , Pulled back to 21 & moved away in uptrend. Price above 89 so mood is bullish. Just consolidating at the moment
so anticipating another move up. Last pullback was to the 8ma so a strong move away might signal a Continuation up. Watching
Macd for a TC trigger.
Hey you guys - did you get triggered into that AJ Short at last candle ?
- #26,935
- Feb 14, 2014 1:37am Feb 14, 2014 1:37am
Tonites Watch: Kiwi options - Plan A Short: H & S forming . Double top - Watching a move back down to take out the neckline. If that comes, could give a ride down to 89ma. Lower Highs on Macd = Divergence with Price + Double RT. This will be Counter Trend so must be careful. Plan B Long: In rythym , Pulled back to 21 & moved away in uptrend. Price above 89 so mood is bullish. Just consolidating at the moment so anticipating another move up. Last pullback was to the 8ma so a strong move away might signal a Continuation up. Watching Macd for a TC...
Nothing showing yet....I just saw you posted this within the last hour...so obviously nothing yet...
I don't know what time GMT the strong moves happen on the Kiwi, I guess (i know i should research) it's during the Asian session.
The olde me, would just take a chance and go with a long...B U T the new me is sitting patiently and waiting for price to show itself.
Thanks for pointing out the opportunity and both set ups..
My broker is 3 pips for this currency I get 1.7 for Euro.... Not a lot but enough to make me want to have a nice set up as i am in the red instantly, and nobody likes that..do they..
It's soppy as you're all probably blokes but Happy Valentines all.....
- #26,936
- Feb 14, 2014 1:52am Feb 14, 2014 1:52am
Potential trade setup. Please comment so that we can learn together. I'm only posting these setups for comments. I'm still a novice and learning. Trade at own risk!! And if you loose don't go searching for another strategy!!!
Nice disclaimer...
That disclaimer that is at the bottom of all trading material...."you may lose more than your initial deposit"
I couldn't get my head around that. i asked my broker to explain but it still didn't make sense..i initially thought they would take money any extra money owed from my credit card. I was petrified I was going to lose my life savings, max my credit cards and take my pants and socks and all...
I digress....
That red bar on the H4 macd is not a TC...please explain why, if you have time
Happy days and pippin all...
