Some Help For A Newbie — Hi Phillip, Palmer and the others, I am a newbie here and have finished going through the first two parts on the first page of the thread. I am not trading live nor am I trading on a demo account. It is paper trading ...

4 Hour Strategy (MACD)

When in doubt wait for price to show itself is what I do. Never guess what will happen or what could happen.

4 Hour Strategy (MACD)

Just a closer look. MD27, I had a similar problem with drawing my trendlines till pips showed me how to draw them. How I work it, when MACD gives a signal, I look for confirmation from the trendlines. Although, Phillip might not agree with this, but ...

4 Hour Strategy (MACD)

Hi MD27, I do not trade the EU so I will not comment. As with regards to the GU, I use the MACD in conjunction with trendlines and the MAs. For me the trendlines and MACD are good enough with the ocassional evedient candle stick. In the case above ...

4 Hour Strategy (MACD)

If you post an image a post you will be able to see it inline.

4 Hour Strategy (MACD)

I am going long the GU.

4 Hour Strategy (MACD)

Here is the link - url

4 Hour Strategy (MACD)

Hi pips4uandme, Thanks for your input. I have attached a chart drawing the trendlines like the way you would. Would you be kind enough to see if I have got it right, specially the inside top line. Thanks.

4 Hour Strategy (MACD)

You could not have said it better Smikester. I found that it sticks better when you write it down. What is not written does not exist.

4 Hour Strategy (MACD)

This is what my GU looked liked yesterday. Although, I did not make the pips (closed the trade and ran with my tail between my legs - chicken!!) - I too forgot to draw my trendlines. Maybe if I had done it and coupled with Ttitto's fibs would have ...

4 Hour Strategy (MACD)

pips4uandme, I think the trendlines are drawn from swing high to swing highs. You might have missed out on a previous swing high. Please see my additions to the chart.

4 Hour Strategy (MACD)

JoshDance, You are spot on. There is no trade only CONFUSION!

4 Hour Strategy (MACD)

Reasons for possibly going long. 1. Trend is up. 2. Price has tested the 50% fib levels (this is the weekly levels) and also the previous trendline has been respected. 3. It is currently testing the current trendline. Reasons that do not indicate a ...

4 Hour Strategy (MACD)

I was thinking the same as well. First the downside and then the upside is what I was thinking. I would wait for a larger candle before going long.

4 Hour Strategy (MACD)

Anybody thinking of going long the GU? RB seems to be forming.

4 Hour Strategy (MACD)

Thanks JLand. Saw it turn around at the Trendline.

4 Hour Strategy (MACD)

Is anyone taking the TC on the GBP/USD? I am feeling uncomfortable taking it.

4 Hour Strategy (MACD)

I think price will go up on the GBP/USD. Although I would wait for the next candle to close and then make a decision depending on where it closes - above or below the trendline. What are your thoughts.

4 Hour Strategy (MACD)

Ttitto, How does one install this file. Thanks.

4 Hour Strategy (MACD)

You will not make money with this mindset my friend. You have to put in the hard yards.

4 Hour Strategy (MACD)