1st trade of year — Here is my trade for the day. The daily shows the tweezer top off of the 21 MA where price had found support 2 other times as noted on my previous post. The 4 hr chart shows the engulfing candle/my signal candle. I then ...

4 Hour Strategy (MACD)

Same — I'm also in on the GBP based on the daily,then the 4hr engulfing, and a slight pull back on the 1 hr. 1st trade for the new year. Raymond

4 Hour Strategy (MACD)

No trade on TC — Happy New Year everyone. One of my goals this year to becoming more consistantly profitable is to take higher percentage trades/avoiding the losers. Today was hopfully a good sign. There was a TC on the GBP to go long that I ...

4 Hour Strategy (MACD)

Holiday — Merry Christmas everyone!!!!!!!!!!! Raymond

4 Hour Strategy (MACD)

My 2 cents — I also think GBP will turn bearing, but I will not enter a trending trade until after the 2 fib levels have been broken. Until then it is still range bound. The 1st chart shows the weekly and where I got the fib levels from. The ...

4 Hour Strategy (MACD)

Maybe I should of held on, but my R:R was good with my profit target, so + pips are good. I think price will pull back to b/t the 8 and 21 EMA and then head down. Hopefully, I will catch that. Plus, I took that trade right before my bed time and I ...

4 Hour Strategy (MACD)

AUD trade — Here is the trade of my AUD trade. The daily chart you can see several things: sHs with the 3 little sisters in the last shoulder. I wanted to see a break of the 89 MA and the neckline of the sHs. There is also a TC. My profit ...

4 Hour Strategy (MACD)

I took the AUD trade and I'm already out. I'll post later, similar analysis Raymond

4 Hour Strategy (MACD)

Dollar vs EUR and GBP — I just looked at my charts and was totally surprised by the strength of the dollar at this hour, 03:00. I almost never trade during these hours and I did not tonight. Did anyone catch the EUR or is everyone asleep? ...

4 Hour Strategy (MACD)

Channel narrowing — Because the channel is narrowing I think things are going to happen sooner rather than later, so I would be apprehensive to go long. Short however at the top of the channel, I totally agree. Do you use the 5 min and if so ...

4 Hour Strategy (MACD)

My 2 cents — My thought on the GBP/USD. 200 SMA is holding up well on the daily, see 1st chart. The consolidation can be seen on the 1 hour. If price breaks the consolidation period, I go short.

4 Hour Strategy (MACD)

No trade — I did not take the trade/TC today on the EUR/USD b/c it did not break the 38% retracement. It looked like the beginning of a bearing wedge with higher lows on the 1 hr. If price would have broken the 38% retracement, I would have ...

4 Hour Strategy (MACD)

Move back up — I'm also leaning towards a move back up. I think the 38% retracement will hold in as it did on Fri. I think price will pull back to Saka's trendline/previous support and now resistance. I'll look for candle formations to support ...

4 Hour Strategy (MACD)

Welcome back — Good to see you, you've been missed! Raymond

4 Hour Strategy (MACD)

Trade — Saka, I had the same trade as you. My price target was around 1.4505 except that it was/is Fri around 17:00 GMT or 12pm EST and the market shuts down typically around that time. I don't like holding my positions over the week-end. So I ...

4 Hour Strategy (MACD)

possible trade for tomorrow — It looks like price is retesting the break out level. I'm looking for a pull away/TC with a strong candle(s) up to or over the fib level/price 1.6693. Edit: I'm currently long at 1.6683 Edit 2: Out for -16 pips

4 Hour Strategy (MACD)

no trade — Phillip, First of all I want to say thank you for all you have taught me. I could not be more grateful. Furthermore, you are a wonderful teacher and trader and I can only hope to be as consistant as you. That being said I did not ...

4 Hour Strategy (MACD)

Trading — It was great. I was like 23/25 trades, mostly 5 min trades and I thought I owned the markets. I bumped my percent $ trading signficantly and I proceeded to lose the next 4+ trades. Ouch, it hurt. My confidence went way down. I worked ...

4 Hour Strategy (MACD)

set the record — Just to set the record straight. The reason I am telling people this is so that people make up there own minds on when to trade. I had a very good summer (approx 4 months), increasing my balance on my account by 50%. However, ...

4 Hour Strategy (MACD)

Indicating candle — My virtual stop was below the indicating candle/ the TC candle/1.5018. However, I put my stop at real stop at 1.4972. The reason I do this is the same reason Welshguy does his this way. The candle pattern will take me out ...

4 Hour Strategy (MACD)