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- BenStevo replied Jan 12, 2010
Welcome back! — Ira, Good to see you here again - its been a while! Nice to see one of the old familiar faces around
I was eyeing that TC up. Was well tempted to take it but ended up passing that one up....was a little concerned about a ...4 Hour Strategy (MACD)
- BenStevo replied Jan 5, 2010
Hmmm, not quite the standard approach to taking TC's!
Nevertheless, I'm in the same trade, so its nice to be riding the same south bound train as you. Will be interested to see your reasoning also. Ben 4 Hour Strategy (MACD)
- BenStevo replied Jan 5, 2010
Another year of trading... — Hi, and Happy New Year to everyone out there. Hope people had a great break. I'm looking forward to another year of learning and improved trading with everyone here
Just entered my 1st trade for the year of G/U ...4 Hour Strategy (MACD)
- BenStevo replied Dec 14, 2009
Good to see you — Great to see you here again Palmer. Was just thinking the other day that its been a couple of months since we've seen you online. Looking forward to having you around a bit more again.
4 Hour Strategy (MACD)
- BenStevo replied Dec 9, 2009
I think you have to be extremely careful about switching to different (smaller) time periods. My experience is that the line very quickly becomes blurred between legitimate entries on smaller timeframes vs. looking for trades. At the time, it ...
4 Hour Strategy (MACD)
- BenStevo replied Dec 7, 2009
Nice trade! Having some slight remorse for holding back. Gotta stick with my rules tho and wait for setups I'm confident in.
4 Hour Strategy (MACD)
- BenStevo replied Dec 7, 2009
E/U triangle break — Was not in this move, but once again, a price close below the centre line of a consolidation triangle has given a profitable entry. SL can be kept nice and tight in these cases. Will have to start trading these live I ...
4 Hour Strategy (MACD)
- BenStevo replied Dec 6, 2009
Nice trades Saka. I was also on the lookout for short after that daily candle...no luck for me tho - the only decent 4hr entry that met my criteria was right around NFP so I stayed clear. That must have been a great R:R for you after jumping in off ...
4 Hour Strategy (MACD)
- BenStevo replied Dec 2, 2009
e/u long — just in on e/u long after the 3rd sister. will move to BE 1.5130. TP...holding for a bigger anticipated move based on recent Daily TC long Also jumped in on U/J 3 sisters long yesterday. Then started double thinking things and got ...
4 Hour Strategy (MACD)
- BenStevo replied Dec 1, 2009
some G/U thoughts — Seems to be very interesting situation on the cable right now. Amazing how the 2nd 'W' is almost identical to the 1st...does this suggest another drop is on its way to mirror the drops right after the first 2 white ...
4 Hour Strategy (MACD)
- BenStevo replied Dec 1, 2009
Wow what a great result on your 4 months - congratulations! You're so right that it takes a lot of work. I've also been working hard at this for 2 1/2 years. It seems the process starts with total confusion (how can Phillip and others pick the ...
4 Hour Strategy (MACD)
- BenStevo replied Dec 1, 2009
Nicely managed trade Raymond
Will be interesting to see what happens with E/U from here. If it can hold above that symmetrical triangle, you'd hope there would be a good run to the topside. I'm on the lookout for another TC long. And if ...4 Hour Strategy (MACD)
- BenStevo replied Dec 1, 2009
Hi Pipmaniac, Sorry this is well after the fact - I've only just jumped online and seen your post. But, was just wanting to add a couple of my thoughts to what has been said....things that have helped me reduce my loosing trades. I know this is not ...
4 Hour Strategy (MACD)
- BenStevo replied Nov 28, 2009
100% agree with you. It's amazing how price seems to be forced to move in a certain way no matter what the news happens to be. That is, when certain patterns and formations form, it is almost compelled to complete the pattern, whether the news ...
4 Hour Strategy (MACD)
- BenStevo replied Nov 27, 2009
Was waiting for a TC long here as well. Would have been a nice 3 sisters setup as well...
4 Hour Strategy (MACD)
- BenStevo replied Nov 27, 2009
G/U Long — Have taken a long position based on: 1) pin bar and preceding doji (a strong 2 candle setup where ever it occurs, based on my backtesting) 2) Price @ my 1.6354 support level 3) Good distance to 8EMA E = 1.6400 SL1 = 1.6330 (1/2 of ...
4 Hour Strategy (MACD)
- BenStevo replied Nov 26, 2009
Nah didn't manage to get in on that one unfortunately... Following yesterdays 26th Daily close with a TC short I was hoping for a price retrace to 1.6640 (newly formed inside top on 4hr) where I had a sell order. Price has decided not to hang around ...
4 Hour Strategy (MACD)
- BenStevo replied Nov 25, 2009
Nice. Daily morning star supports the longs...should have kept my position open!
4 Hour Strategy (MACD)
- BenStevo replied Nov 25, 2009
Sorry, diverging somewhat from normal MACD 4hr — Hi Raymond, I’ll try and explain my reasons for entering. It is a bit difficult though because my trading style is different to the standard MACD 4hr in that I make use of nesting doll setups. ...
4 Hour Strategy (MACD)
- BenStevo replied Nov 24, 2009
good trade — Looks like we're catching a lot of the same moves at the moment
. I was in a bit earlier at 1.6620, but also out earlier at 1.6565. Hope the rest of your position goes well. 4 Hour Strategy (MACD)