Let your profits run... — Soultrader is absolutely right. Many traders, especially trend traders,and those trading off higher time-frame charts let their profits run. To do this you would initially have your R:R at 30:30, but, le's say the ...

Need help determining false breakouts...

R:R is Risk versus Reward. It took me a long time to get to a place where I could trust my system enough to stick to it, no matter what was going on.So increasing your target to 30 pips is a start. Don't live trade a system you're still working on ...

Need help determining false breakouts...

Money management? — Sounds like you're risking far too much money or trading far too much even for a demo account.Keep your capital intact and only risk 3-5% of it with every trade. Don't look for reasons to trade, instead look for reasons NOT ...

Demo Forex VS Real Forex

Risk:Reward Ratio a bit high. — IMHO I feel your R:R is too high. You're risking 30 pips to make 20. You'd be better off with a R:R of closer to 1:1.Please bear in mind I'm not knocking your system, if it works for you, more power to you. I ...

Need help determining false breakouts...

Why didn't it go up BEFORE taking out my trailing stop!?

Cable Update (GBPUSD)

Good attitude,Dutch. — We all know that the Fed should take the lion's share of responsibility for what's happening to the $ right now.Although this all started with Greenspan, Ben Bernanke went on record saying he'll throw dollars out of a ...

Cable Update (GBPUSD)

Daily MACD-heavy CABLE resistance... — For those of us trading the daily charts, the million $ question is how far will Cable fall before continuing it's climb upwards? The 400-460 is proving a bridge too far at the moment. I myself got duped ...

4 Hour Strategy (MACD)

Forgot the chart... — Here it is...

Cable Update (GBPUSD)

2.0400-2.0460 Huge Resistance — The million $ question is how far will Cable fall before continuing it's climb upwards? The 400-460 is proving a bridge too far at the moment. I myself got duped by the Monday candle's long tail on the ...

Cable Update (GBPUSD)

Hi savioursix. It's been a long time since I've posted on this thread.It's good to see so many people adding so much invaluable input to such a wonderful system. Thanks, Phillip and thanks to Palmer, Pips, and everyone else that contributes. The ...

4 Hour Strategy (MACD)

Hi bohogirl. The situation you describe mirrors mine even though I'm a South African teacher.Ironically, I haved moved to a third world country in North Africa for better remuneration and believe it or not, safety and security and where you can live ...

Cable Update (GBPUSD)

Good luck Digitaldean! — First up let me say to people reading our posts,there is absolutely nothing wrong with this system and nobody's adding anything new to Phillip's system.As I said b4, candlestick emotion was always part of it,even to an ...

4 Hour Strategy (MACD)

Thanks Palmer. — Hi Palmer I appreciate the advice and couldn't agree with you more.At the moment,I see the pips I'm leaving behind, and like you rightly said about price coming down,I choose to overlook the ugly corrections in between the ...

4 Hour Strategy (MACD)

Hi Mister Ed I usually use the daily ,even the weekly trend as the overriding trend direction. We've seen it recently,up until recently the EU was trending down on the 4hr ,but up on the daily,weekly and monthly charts.In this case,for me the EU ...

4 Hour Strategy (MACD)

EU example-kuky969 — image EXITS on chart I posted: #1 =Evening Star #3=stopped out by long tail on doji for a loss #4=two gravestone dojis signal exit #5 & #6 = hanging man(or is it a hammer??) signals possible reversal you could also ...

4 Hour Strategy (MACD)

One more thing... — I promise this is the last post of mine today!! Alcastro and,sindutzz and other interested parties...here's four 4hr charts with sindutzz's candle filters.Again, i must stress Phillip's system is perfect as is, this is ...

4 Hour Strategy (MACD)

CORRECTION:stop loss=50 not weekly ATR! — CORRECTION: stop loss on "backtesting" Daily MACD system with candlestick filter was actually 50 not the weekly ATR as I said before.Interesting also that in many cases when using Engulfing and Star ...

4 Hour Strategy (MACD)

Try and let profits run! — I know this seems a little cliched and most of us have heard it a thousand times before, but,I think the best thing we as traders trading Phillip's wonderful strategy can do is try and let our profits run!ESPECIALLY ...

4 Hour Strategy (MACD)

Now that you mention it... — Then this ought to make your day,Alcastro! I'm posting daily charts for GBUSD and USDJPY.Remember, though, these are only 'following the trend' trades. I might also have made one or two mistakes and I didn't go ...

4 Hour Strategy (MACD)

Thanks Mister Ed — Thanks for the great indicator,Mister Ed! I see now that some of my Bullish Engulfing Patterns weren't Bullish Engulfing Patterns after all!! Got most of them though, the others were also just touch and go!!LOL!! ...

4 Hour Strategy (MACD)