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- napeharm replied May 5, 2008
If anyone had a 5 min method to follow there was an entry above the 1.5481 on the Euro to the high of the previous day. This was also around the 21 ema also. This wasnt strictly within my criteria for trading that time frame since i am taking trades ...
4 Hour Strategy (MACD)
- napeharm replied May 5, 2008
Hey Bag Lady!, lovely thing to say .......thanks. I shall be spending two weeks in and around Kelso in August, i have been there twice before and its my first holiday for 10 yrs!, really looking forward to that its a beautiful place......
4 Hour Strategy (MACD)
- napeharm replied May 5, 2008
I dont think i would trade the GBP even if it blew me a kiss!.This is my take on the pairing and with an extended view suggesting the coloured support and resistance areas go back some way.
4 Hour Strategy (MACD)
- napeharm replied May 5, 2008
Yorik; It is generally accepted that the 4hr signal has factored in the news events.Most of them are not high volatility items and so signals have accounted for the direction already when the signal is evident. However there are two exceptions. US ...
4 Hour Strategy (MACD)
- napeharm replied May 4, 2008
Your welcome. Reading the thread helps to get your mind round it all. This is not a system as such, but an understanding of the market, thats why it works. This takes time. Unfortunately you cant just jump in and hit the ground running, the approach ...
4 Hour Strategy (MACD)
- napeharm replied May 4, 2008
Lovebug;Glad you are interested in the thread. This however is not a system like others where the templates are 'the lastest' ones and the entries are 'the latest' ones,and you have to run to keep up. This is a market and price understanding system. ...
4 Hour Strategy (MACD)
- napeharm replied May 4, 2008
There is a much broader point here. Phil said in his definition of the system that he will guarrantee that you will make +300 pips per month trading 6-8 times on two currencies. Because this is true we do not need to take unecessary risks. There is ...
4 Hour Strategy (MACD)
- napeharm replied May 3, 2008
I was going to post this observation yesterday before the big news but given the unpredictability of the event i chose not to. I dont know how much people know of price action so i will explain briefly anyhow. The Thursday daily candle in the first ...
4 Hour Strategy (MACD)
- napeharm replied May 3, 2008
Something else i wanted to re-state was bar highs. On this blown up Euro chart on successive days we find what turned into a four bar high on the 4hr, followed the next day by a two bar high. Bar highs need to be paid attention because they are ...
4 Hour Strategy (MACD)
- napeharm replied May 3, 2008
Sometime last week i think i posted support and resistance zones for the Euro. Now we have had some movement down to that area we can see more clearly that this proved to be so. Sometimes support and resitance can be one line drawn clearly in the ...
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
I know that people come to this thread and they want to see the method being traded. They question whether it works and what is the maximum drawdown and demanding people show some kind of evidence, live trades and so on. I think this weeks trading ...
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
GBPCHF the only pairing of the three i am following today that is playng ball. So a 5 min opportunistic trade for +40.
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
Actually i was very cross afterwards.............because if i had noticed it earlier i would have made +70.............hahahahahahahahaha...........
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
............i made +42!...........so of course being a nice account holder, i phoned them up right away and arranged to give this totally free money back to them................yeah right! Justs shows you, when we make easy money from them we keep ...
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
Its our responsibility to keep these bucket shops, sorry reputable brokers, honest by not letting them get away with any more than they already do. About 18 months ago i was following the market one afternoon, and i was scrolling idly through my ...
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
If it was a real money trade then its your duty to report anything you are not happy with. After all its your money they are playing around with. If they are a good broker they should give you the benefit of the doubt and return your funds,unless ...
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
Maxster; I think my point was also that people put fibs where they want to, which is why i dont often use them.
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
Just to continue, that has been one of the big benefits of the 4hr macd system for me. After a 4hr signal has been missed or i have taken a trade and taken profit from it, i feel much more confident to continue trading from my 5 min charts after. ...
4 Hour Strategy (MACD)
- napeharm replied May 2, 2008
Since i am new to the idea of the retracement trade, like many of us this week,i didnt see the one on the GBPCHF this morning. However i entered after it on my 5mins trade for +26. The point here being that even though it wasnt strictly a 4hr macd ...
4 Hour Strategy (MACD)