My GBP fibs showing nothing in particular.

4 Hour Strategy (MACD)

It was difficult to see on my chart because the candles are small, but the Euro has a two bar high on the 4hr at 1.5481 which is a line drawn in the sand. A third bar touches this earlier also.

4 Hour Strategy (MACD)

The Euro on my chart is pretty much hemmed in by my trendlines and will need to make a decisive move either way, supported as Phil says on the 365 as well.

4 Hour Strategy (MACD)

The GBP is interesting this morning. I was looking for a TC short, because it looked like a bounce off the 21 and is also near the 89 and is a return to it before moving away and so on. However that signal right now is not there so i wont be taking ...

4 Hour Strategy (MACD)

Your welcome yorik. Its basically psychology and financial necessity. The players need to take profits at some time. The markets are thus alot more organised and alot less chaotic than people think. I did have an explanation for this phenomenon ...

4 Hour Strategy (MACD)

yorik;If you are asking why we have retracements, my view is the following. When the price makes some move it over extends itself. There is too much excitement and the price overshoots, either up or down. The price will always return to the mean, ...

4 Hour Strategy (MACD)

Sorry to go on about the Euro TC, but i just put my 5 min chart up and the price also did not break above the high from the previous day which was significant, it was stuck just under it for some hours.

4 Hour Strategy (MACD)

As Phil has said before that you dont take all the macd signals and so one must for any obstacles before taking them, sometimes, as in the case of the Euro, certainly on my chart, the TC wasnt on.

4 Hour Strategy (MACD)

Our minds are alike bshadroo, i think i answered that as you posted!, though i was looking at my candle closing at 8am.

4 Hour Strategy (MACD)

It was not unreasonable to suggest a TC on the Euro this morning. However closer observation shows a three bar high on the 4hr and with that in mind the price needed to make a break above that for the TC to be on. A trip to the upper trendline or ...

4 Hour Strategy (MACD)

GBPCHF reached its trendline as expected which my exit. I had my target line a little shorter on my 5 mins chart by 20 pips so didnt make all that i could have but another +18 all the same.

4 Hour Strategy (MACD)

A trade is a trade i dont see the connection with the GBP and the 1 hr chart. I never use them,its just a TC on the 4hr............+30 if you wanted it. If in doubt take smaller amounts from the trade.

4 Hour Strategy (MACD)

I took TC on GBPCHF. I was +29 at one point but the price fell back slightly so i took only +5. A re entry using my 5 mins might be on later. I have targets of the trendine and the thick red line which represents the top of a monthly inside bar. If ...

4 Hour Strategy (MACD)

Thats my 4hr GBP, TC and nearly two bar high also. I have a long moving average which would be short target for around +30.

4 Hour Strategy (MACD)

My Euro chart this morning. Great pips for people yesterday, well done!

4 Hour Strategy (MACD)

I hadnt intended to trade the GBPCHF today since in real money terms it represents too much of a risk at this time for me, but i picked off another +28 later in the afternoon from it since the Euro was laid out, which is +57 for the day. Glad to see ...

4 Hour Strategy (MACD)

Your welcome, it proved useful on the GBPCHF this morning. An ability to select the likely supsects is still required but gives more ideas for trendlines as well as horizontals. Those which appear to collude might be given more weight, or crosses of ...

4 Hour Strategy (MACD)

I missed afew trendlines from the after version......try this one.

4 Hour Strategy (MACD)

On Monday i showed some charts with a crazy trendline indicator, showing lines and so on all over the place. Sometimes i put this on just to see from a strictly technical/mechanical point of view where the trendlines and horizontals are. Today ...

4 Hour Strategy (MACD)

Best of the retracment trades was GBPCHF. if you fancied the risk. It stopped just shy of 50% retracement and gained +117 just after the news, spiking up to the 50% from the previous day and my trendline and horizontal line. Not for me though.

4 Hour Strategy (MACD)