Aud/Usd could be setting up for a move down too? Possible entry on break of 1h trend line and pullback?

4 Hour Strategy (MACD)

Aus/Nzd seems like an interesting one but again seems risky at the moment to me as it certainly looks like it will be heading down to the 89 sma, but in the 1h chart it has just flagged so it would suggest it is still going to head up a bit further ...

4 Hour Strategy (MACD)

Hi Binnie, Absolutely you are right, I would say the 89sma on the 4h will be the support before it moves higher, so technically it will be entry on 4h or 1h but the trade itself would be a daily counter trend trade, trading the c wave of the ...

4 Hour Strategy (MACD)

Anyone else looking at the set up in the USD/CHF? In the 4h chart there is a nice break through the 21ema and a pullback, looks like next stop could be the 89SMA in the 4h. I'm keeping an eye on the 1h chart as I think it will pullback to around the ...

4 Hour Strategy (MACD)

Hi Binnie! Thanks for your kind post, good to see you still around. Sorry for the late reply I haven't been able to trade recently as I have been away and missed quite a few good set ups. But it's nice to see you guys have given the market a bit of ...

4 Hour Strategy (MACD)

No problem I agree on the GBP/USD. I'm looking for some kind of pullback to the 1.6995 level before a move down again, at least to the 1.6951 level. if it breaks through there then I think the next stop seems to be the 89 sma on the daily and the ...

4 Hour Strategy (MACD)

Aus/Jpy looks set for a good counter trend trade back to the 4h 21 ema, early entry on the 1 h @ top of the right shoulder could be a possibility? Down to 89 sma on 1 hour chart. Price has broken 1h 21 ema, pulled back, now looks set to head down. ...

4 Hour Strategy (MACD)

Hi Binnie, Isn't it enjoyable watching yvon trade the system?? For what it's worth, I have this for the NZD/USD, maybe some kind of pullback to the 50/61% before heading up to the neckline/100% extension and around the 21ema. There could be a ...

4 Hour Strategy (MACD)

Also just taken this trade with the price moving above the 21ema then pulling back to it, small candles giving it a good r:r ratio of about 1:5. Overall trend is up and is third bounce on the support line. Looks good as per rules

4 Hour Strategy (MACD)

Hi Nic73, I'm in with you on this one as of the last candle - I have set my target to around the 35018 area for an almost 2-1 risk-reward. But it's a bit of a risky one as it is counter trend and could tag the 13450 level/1.618 extension before ...

4 Hour Strategy (MACD)

Hi Yvon, Very interesting to read through your analysis. Especially as the Eur/Usd has broken to the downside today which usually jives with a Gbp/Usd bear run. Here's what I have, sorry it looks a bit messy but had to add annotations into it to try ...

4 Hour Strategy (MACD)

Thanks Yvon! The GBP/USD looks pretty interesting, it's sitting right at the 2009 high and also the high of last month so it seems set for the next leg up. Possibly kick started by Carney speaking tomorrow morning, what do you think?

4 Hour Strategy (MACD)

Hi Guys hope you're well. I have been studying Phillips methods and (quietly) following this thread for a long time and have recently started putting it into practice with success. Whilst I have a good grasp on the concepts behind this methodology I ...

4 Hour Strategy (MACD)

Hi Arrow, Yes that was the one I was talking about it came off nicely in the end. The Eur/Usd looks like its on it's way down at the moment in the 4 hour so I guess it's just a question of waiting to see if a nice TC forms off of the 21ema onto the ...

4 Hour Strategy (MACD)

Hi Arrow, Thanks, to be honest though I completely missed that trade in the EUR/USD I actually took the trade in the GBP/USD. I'm not 100% sure how to put graph pictures into these posts so I will try to explain it briefly, it was in the 4 hour ...

4 Hour Strategy (MACD)

Thanks Pipraven, I am still very new to trading so I'm just going to try to stick to the rules and not try anything too fancy. There seems to be an almost identicle trade in the 4 hours on the GBP/USD in the next fifteen minutes. I think I'm going ...

4 Hour Strategy (MACD)

Sorry I forgot to mention it was on the Eur/USD Thanks!

4 Hour Strategy (MACD)

Hello everyone, I'm from the UK and have followed this thread for a long time however refrained from asking any questions as you guys have made such a huge amount of information available to study, so I just went through it again and again with ...

4 Hour Strategy (MACD)