It was a good day for you, congrats

4 Hour Strategy (MACD)

Trending Market — There is now good angle and separation b/t the moving average. It looks like a trending market, so TC's and trades off of the MA are the way to trade, completely different stategy compared to a consolidation period. Raymond

4 Hour Strategy (MACD)

Trade — Here is the trade I did last night on the EUR/USD. Price was in the consolidation period and broke out last night. I treated it like a break out trade that Ira went over a few posts ago. The 1st chart is the 4 hr chart and show the ...

4 Hour Strategy (MACD)

Consolidation market vs trending market — Hey Andy, You use the word TC and CT like we are in a trending market. TC as you know stands for Trend Continuation. We are not in a trending market, so those signals are not valid. We are in a ...

4 Hour Strategy (MACD)

DO NOT trade according to MA when in a consolidation period. 1st you must determine the bounderies of the consolidation period and only trade around the bounderies, not the MA's. Ira's posts, beginning with 22054 give a great explaination of how to ...

4 Hour Strategy (MACD)

entry and exit — Xeneric, My entry was a little different from what I stated, but the idea was the same. Without going into detail, at work my 4 hr charts are on a different GMT time for the 4 hr and I don't have a MACD. I did it off the 15 ...

4 Hour Strategy (MACD)

trade — I took a trade today, long the GBP. On the 4 hr chart price is in a channel/consolidation period. During these periods you can look for price to either break though the support line or for the support line to hold. In this case the ...

4 Hour Strategy (MACD)

Oops, forgot the pictures — Here are the picture for my explaination above

4 Hour Strategy (MACD)

trade — Here is my opinion and it is just that, an opinion. I can't tell you what to do or what not to do. We all have are philosophies and have different view points. Each person has to find there own way and a lot of finding your own way ...

4 Hour Strategy (MACD)

Analysis — Here's an analysis of the GBP. However, I can not just say I'm looking for a TC on the 4 hr without giving my global view on a daily basis. I will try not to stray to far off Phillip's 4 hr. The Daily is the 1st chart. I believe we ...

4 Hour Strategy (MACD)

Pattern — A couple of things. First, Willem/Golfer - It's good to see you. I'm still using a lot of the 5 min stuff. I primarily use it for better entries on the 4hr, but occasionally a great set up will appear and I'll use the 5 min system. ...

4 Hour Strategy (MACD)

bad trade — My trade went bad, -38 pips. It was my mistake. A good long would have been from the breakout level or when the high had been breached, not a TC on the 1hr. Live and learn I suppose. Raymond

4 Hour Strategy (MACD)

Trade — Ira, what you stated about trending markets vs consolidation vs breakout was a great explaination and something that took me a while to understand and I'm still learning. Great trade by the way. I wanted to share with others another ...

4 Hour Strategy (MACD)

I thought the GBP was going to make another leg down too. The daily was showing a TC also. Add that to the TC on the 4hr and it's a good trade, just not as profitable as we would have liked.

4 Hour Strategy (MACD)

Trade — Here is the trade I took late last night. It was a TC on the 4hr chart, see the red arrow. You can notice the red horizontal line above my entry candle. You can see that this price level played a key role earlier in this consolidation ...

4 Hour Strategy (MACD)

Trade — Wild ride so far

4 Hour Strategy (MACD)

Trade — Here is a trade that I entered at 1.4968. It is a TC on the 4hr. May post more explaination later, but I've got to go.

4 Hour Strategy (MACD)

Pips — Positive pips are still good. We all have left trades with a little meat left on the bone, so to speak. If you saw the trade, that is a very positive thing! Great way to start the week Raymond

4 Hour Strategy (MACD)

Trade closed — Here is the trade I took with the entry and exits of the trade (horizontal lines). Good for 70+ pips. I thought it would reach the previous top, but it did not. My exit was not base on this thread, so I can not really go into it ...

4 Hour Strategy (MACD)

trade — Trade that I'm going to hold over the week-end. On the 4 hr price seemed to find a bottom, then the strong bullish candle closing above the 21 MA. Will look for price to go up the previous high or the 61% retracement on the chart.

4 Hour Strategy (MACD)