Consolidation — It's not counter trend b/c price is not trending right now. Price is in a consolidation period and he's playing off the bottom support. Hope this helps Raymond

4 Hour Strategy (MACD)

[quote=Palmer;3739946][quote=khashaYaR;3738679]Hello Everybody I hope You had good weeks as me. I was busy at university, and of course in forex. sorry for no post. I have a question about MACD, from Philip or other friends; Hello Philip I had ...

4 Hour Strategy (MACD)

Bullish Engulfing on Daily — On the Daily chart, we have just had a bullish engulfing candle. Be careful on any shorts.

4 Hour Strategy (MACD)

Here is my trade. 1st chart is the daily. Basically look at the blue rectangle and the support area where all the buying had previously pushed price back up. The second chart shows the TC on the 4hr method which closed below that support level. I ...

4 Hour Strategy (MACD)

Week-end — Not ignoring you. I just have been studying charts and was about to go to bed. I get to it this week-end Raymond

4 Hour Strategy (MACD)

Thanks

4 Hour Strategy (MACD)

I did have 1 concern..is price too far away from the MA on the 4 hr?

4 Hour Strategy (MACD)

Trade — I'm in a trade currently on the GBP/USD. The 1st chart shows the TC on the 4hr. I did not enter for 2 reason: 1) The candle closed right on the support area and 2) the SL was too big. So I went to the 1hr to see if there would be a ...

4 Hour Strategy (MACD)

Consolidation — I was thinking about it last night while I was supposed to be sleeping (or maybe I was sleeping and dreaming about it...I'm not sure) and I thought that PRICE on the EUR would be in a consolidation period instead. As you said, ...

4 Hour Strategy (MACD)

Daily — 1st chart is the daily chart. Price on the daily appears to have made a lower high with a large shooting star. From here I'll look for a signal on the 4 hr to go short if the R:R is alright...Maybe a pull back to the 21 MA/1.2848/61% ...

4 Hour Strategy (MACD)

Emotions — Absolutely, I just got done making 3 losing trades last wk and I had trouble pulling the trigger on the 4th. However, I knew that it was an unjustified emotion, and as Nike advertising would tell you...Just do it. For me, Forex is ...

4 Hour Strategy (MACD)

Trade — Here's my trade for the day. Everyone knows we trending short with regard to the EUR/USD so I'm not going to show the daily. The only chart is the 1hr. Price consolidated in the blue rectangle (also notice the evening star at the end ...

4 Hour Strategy (MACD)

US stock market/currency — A little off topic, but the US stock market lost a lot of value. If you believe or are an Eliot wave theorist then we have just completed a zig zag A wave correction. What this possibly means is that the market is at ...

4 Hour Strategy (MACD)

Xerneric and Ashes, Looks like the EUR went short. So much for my thoughts. Let's see if it can break the previous low. Raymond

4 Hour Strategy (MACD)

trade — Hello all, not gone for to long, maybe a week. A trade I did today...on the EUR/USD. The 1st chart is the daily and the candle we had last wk (the 280 pip) had me looking for short trades. Last night some people caught the initial move ...

4 Hour Strategy (MACD)

Loss — I've lost 3 trades in a row, not very good. 2 or the 3 were bad analysis/bad trades in my opinion. (The 3rd was a correct analysis, but my stop was too close.) Yesterdays trade I was comparing to the one WG took around March 31. I have ...

4 Hour Strategy (MACD)

bad streak — I'm out of my EUR/USD trade. I'm not on a good streak lately. Raymond

4 Hour Strategy (MACD)

EUR/USD — Long EUR at 1.3375 with 1st profit target at 1.3435

4 Hour Strategy (MACD)

Xeneric, You've been quite busy in the last half hour. Good to hear from you again Raymond

4 Hour Strategy (MACD)

trade — I haven't put in the trade in yet, but I'm probably going to. The 1st chart is the daily. Price is in a consolidation period and has found support off of the 76% retracement level (the fib is from the signif down move from July '08 to ...

4 Hour Strategy (MACD)