4 Hour Strategy (MACD)
- #30,022
- Edited 7:25pm Mar 8, 2017 5:27pm | Edited 7:25pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
OrangeRange do you prefer these set-ups on the Daily more than the H4 ? By the way you been catching some nice setups, enjoying your posts
6 candles H4 = 1 Day
6 candles D1 = 1 Week
(The 6 figures
)So I guess Daily is just about right for speculating the "price trend" (either for middle / long term).
{quote} Yes. Sometime from Weekly and Monthly as well. They are more reliable (but require more patient). H4 is good for entry but its set up is also as good as Daily too. It is all depends on your trading strategy. Are you the "hit and run" type or "playing the long game" type? 6 candles H4 = 1 Day 7 candles D1 = 1 Week (The 6 & 7 figures
) So I guess Daily is just about right for speculating the "price trend" (either for middle / long term).
I have to practice the psychology part of this game.
Could you suggest how many positions you would open and when to take profit?
- #30,024
- Mar 8, 2017 6:12pm Mar 8, 2017 6:12pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} Yes, patience is a hard one. I'm trying my best, also running a business I often feel it distracting my work, however I am highly addicted to looking at the charts. I have to practice the psychology part of this game. Could you suggest how many positions you would open and when to take profit?
Try this in Daily (demo first so that you know how much do you understand about this system - remember this: the higher the tf the higher the r:R)(b) trailing stops
I only recommend 2 positions max as mentioned
(a) + (b). Anything more than that meaning whether you are "super confident", greedy or gambling.
- #30,025
- Mar 8, 2017 7:19pm Mar 8, 2017 7:19pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{image}
. Plus, currently the H4 set up is a potential the Double Top price (considering the round level 1.40 right now).
- #30,026
- Mar 8, 2017 7:36pm Mar 8, 2017 7:36pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AUDjpy USDcad CADchf Some early signs of potential big move {image}{image}{image}
On my watch
- #30,029
- Mar 9, 2017 8:12am Mar 9, 2017 8:12am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} I know what your saying but correct money management I can take the odds on{image}
- #30,030
- Mar 9, 2017 8:20am Mar 9, 2017 8:20am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURcad Expecting a mid-long term bullish trend based on Weekly and Monthly chart. Eyeing possible appreciation up to 1.43 until 1.45. {image}{image}
In this trade since March 6, 2017...Worth the wait...
Come on 1.45...!!!
- #30,031
- Mar 9, 2017 8:31am Mar 9, 2017 8:31am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDjpy CHFjpy Nice rebound here {image} {image}
Technically, once 115 is beached, this one might gonna shoot up A LOT HIGHER sooner or later...
*note* arrow pointing UP was there yesterday (D1) & last week (W1)
- #30,032
- Mar 9, 2017 12:45pm Mar 9, 2017 12:45pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
AU The bigger picture (weekly) {image}
From https://www.forexfactory.com/showthr...96#post9623996
*note* arrow pointing down was there since last week (Week 1 March)
- #30,033
- Mar 9, 2017 12:53pm Mar 9, 2017 12:53pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
USDjpy CHFjpy Nice rebound here {image} {image}
From yesterday (09/03/2017)
- #30,035
- Mar 9, 2017 9:43pm Mar 9, 2017 9:43pm
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EU going bullish???
Looks like H & S formation here in the Daily, but be the higher time frames are not convincing at all.
Looks like H & S formation here in the Daily, but be the higher time frames are not convincing at all.
- #30,036
- Mar 10, 2017 3:16am Mar 10, 2017 3:16am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
EURJpy
Soaring high to test the RESISTANCE zone (1.23 / 200sma of Monthly) and a pattern is forming in Weekly time frame (which is rarely happened). Interesting to watch but dangerously exciting to trade.
Soaring high to test the RESISTANCE zone (1.23 / 200sma of Monthly) and a pattern is forming in Weekly time frame (which is rarely happened). Interesting to watch but dangerously exciting to trade.
- #30,037
- Mar 10, 2017 3:24am Mar 10, 2017 3:24am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
{quote} AUDjpy update On my watch
My favourite formation here is now forming
- #30,040
- Mar 10, 2017 7:46am Mar 10, 2017 7:46am
- | Joined Dec 2008 | Status: revisit | 1,896 Posts
My Charts look different from yours, however look at that candlestick find support of the 89ema
The 89sma is way below the said formation (around 1000pips).