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- napeharm replied May 7, 2008
The Friday NFP and US interests rates, the rest by implication are factored in. Those two are the mad volatile ones.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
So, yes, the news is factored into the system signals. This is partly due to anticipation on the part of traders and some of the news has probably leaked out anyhow, its already in the price. Handy huh?
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Euro — I took that TC short at 1.5451 exiting 1.5436 +15 and out in less than 1 minute. Too tired to keep it today and +45 for the day.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Euro — Lovely pin off that trendline yesterday also........only going one way.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Yup, i saw that too, but felt it was abit marginal and i was late to it.Nice one.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Your sooooooo sweet Ira!...........i'll punch you any time!
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
The Euro has made a small bounce off..........you guessed it!, the low of the previous day!.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Your welcome,there is soooooo much homework to be done here, in your own time. But, we have all done it, and you will reap the rewards. That is beyond doubt. Good luck.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
I think, with respect to Lemyx, that the benefit of reading this massive thread, is that the way you may wish to trade can be comared as you read, with the entires of other people on the thread. That way when you get to the end and begin posting ...
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
We are using the macd as a final trigger for the trade, not trading from it. We are reading the rhythm of the market and its context etc. There is no entry using the macd just because it has a lower high etc, if that is what you have done here.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Lemyx; If you are new to this, trade only the best set-ups and leave the rest until you have the method clearer in your mind. If there are any doubts in your mind, or the trade is difficult to read, like this one ,dont trade.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Lemyx; It took me awhile to decide what you are doing here. I am very tired today!. You sold the Euro Yen, at the open of that big candle which has just gone up to the 89sma, if i see that correctly. Realistically, i dont see a sell signal there, ...
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
GBP — Its a shame the early GBP caught afew out today because of the timing issues. Perhaps a 5 min entry method would have got you in abit later, for smaller pips, but plenty there.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Lemyx; That looks to me a counter trend trade CT with a big stoploss.On my chart i have a 40sma, that is not part of the system but helps me, and the price target is very short. Possibly a 50% retracement trade was on there, i dont know. Other than ...
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Thank you. Phil showed us how this trade worked last Monday. It was easier to see what he meant live rather than talking or reading about it. I missed the best entry today at the daily pivot, but because i knew it was a retracement trade, it did not ...
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
I did only take +30 from that with one lot, just to be clear, but i wanted to see what was there if traded spot on with two lots or three.
4 Hour Strategy (MACD)
- napeharm replied May 7, 2008
Thanks, three lots would have killed that one. One off at +30, the other where i exited +60 and then.........and +30 to my original trendline. How many pips was that....+180, if i have worked that out right.Perfect. Thanks for showing us that Phil.
4 Hour Strategy (MACD)