Taking a break from my studies. Is the EU 4h MACD showing a HL and should we be looking for a RB in about 12 hrs? If a RB actually formed, will it be a good trade? EU is now approaching previous low and may hit resistance, forming a double bottom. ...

4 Hour Strategy (MACD)

Exams for my degree. Got trading exams?

4 Hour Strategy (MACD)

Good advice. I am also taking the next 3 weeks off trading as I have to concentrate on my exams. The market should return to normal by then.

4 Hour Strategy (MACD)

Cancelled the pending trade as it is going down again. It's a bad habit I have to get rid of, trading against the trend. But at least this time the trade did not get executed.

4 Hour Strategy (MACD)

Took a buy stop at 117.93 (5 pips above candle close) on EJ as RB forming. sl at 116.53 (38.2% fibo) and tp at 120.17 (61.8% fibo). Currently, trade is pending. This is a high risk trade, which is why I used buy stop to enter the trade instead of ...

4 Hour Strategy (MACD)

url Trading glitch caused the plunge in US stock market. I heard that US stock market is related to the strength of Euro. Is that true?

4 Hour Strategy (MACD)

Good for you. You already made money from your account even without trading when you sold SGD to buy USD to fund your account. I lost money because my account is in EUR.

4 Hour Strategy (MACD)

Euro still slipping. Where's the bottom? It has hit new lows on EJ since 2003.

4 Hour Strategy (MACD)

Bulls can't maintain control. Bears are pushing the price down again. Looking forward to candle close 2hrs 30 mins later.

4 Hour Strategy (MACD)

My candle closes in 20 minutes time. No good signals found. Long tail on current candle on EU and EJ. May signal big players movement. Edit: My analysis of current situation is that the tide is turning. Big players are buying now to push Euro up ...

4 Hour Strategy (MACD)

EU and EJ going down strongly. Any one still in short trade of either pair?

4 Hour Strategy (MACD)

Thanks for your reply. Will keep that in mind. So far, I have not faced that situation yet because I am still demo trading. Even then, one loss already made me think twice before pulling the trigger.

4 Hour Strategy (MACD)

Morning star forming on EJ. Getting impatient to place another long trade. Have to control. Bulls are still weak.

4 Hour Strategy (MACD)

EJ and EU still on bear trend. One question to ask: Do you ever feel afraid to pull the trigger even after a clear signal is shown if you have experienced a series of losing trades?

4 Hour Strategy (MACD)

Now I know the danger of that. I entered the trade because I found out I missed the down trend and was impatient to get a trade in. Therefore, I was blind to my own advice and took a fall. Furthur to reply falconite, USDCHF and EURUSD should be ...

4 Hour Strategy (MACD)

!st trade sl hit. -34 pips. Total -50 pips. Cancelled the buy stop as well. Should have practiced what I preached and wait for another candle to confirm the RB instead of jumping in. Didn't want to wait as when the current candle closes, I will be ...

4 Hour Strategy (MACD)

I am still relatively new to trading and I am sorry I don't know the answer to this question. However, I believe others will be able to enlighten us. USDCHF is now on a bull breakthrough and may take weeks for the bears to overcome the bulls. With ...

4 Hour Strategy (MACD)

2nd trade sl hit. Put in buy stop at 122.83, sl at 122.47, tp at 123.37. Made a mistake with setting sl for 2nd trade. sl should be out of the current candle. -16 pips.

4 Hour Strategy (MACD)

Entered long on EJ as RB formed. First entry at 122.57. sl at 122.23 (previous candle low), tp at 122.98(8MA). Second entry at 122.73. sl at 122.57 (half B.E), tp at 12.3.37 (below 23.6% fibo) Comments?

4 Hour Strategy (MACD)

Hi falconite. Like you, I am a very new trader. In my opinion, wait for next candle to confirm. Exercise patience. The RT has not formed yet. Even so, using candlestick analysis, the bulls are still very much in control of the price in USDCHF. If ...

4 Hour Strategy (MACD)