Shard,b.t.w. this would also be a counter-trend trade ,should we take it. So we have to be careful.

4 Hour Strategy (MACD)

Yes, there charts are almost identical at the moment! Both look as though they'll retrace to 21EMA,only thing is ,what if they only go back to 8EMA and carry on?I think this is what Philip meant when he said the best MACD signal is the one where the ...

4 Hour Strategy (MACD)

Thanks for great work!! — GOLFER and SHREEM, thanks for for your efforts w.r.t.MACD price movement rules,it's greatly appreciated. Of course Philip,as always, you're a real blessing to all of us.Thank you.

4 Hour Strategy (MACD)

Short USDJPY? — Watch out for TC signal on 1hr chart.Wait for confirmation. Possible retracement back to 21EMA.

4 Hour Strategy (MACD)

4hr MACD summary — Check out page 289 post#4335.

4 Hour Strategy (MACD)

Mmmm!I thought this trade was an absolute no-brainer!RR was good.200MA was the target.Admittedly I jumped the gun with 4hr RB,while 1hr MACD was threatening opposite TC signal.Should've waited.Took it +- 9hours ago. Got burned to the tune of 39 pips ...

4 Hour Strategy (MACD)

Looks good Weghio... — I think you're onto something with USDCHF.Never saw significance in that trendline 'til you pointed it out.My two cents: Short at close of this candle. SL just above upper trendline. 1st target=365MA (green) RR might be ...

4 Hour Strategy (MACD)

Looks good Weghio... — I think you're onto something with USDCHF. Short at close of this candle. SL just above upper trendline. 1st target=365MA (green) RR might be iffy,though. 2nd target=200MA/89MA/lower trendline 3rd target=Reverse Head & ...

4 Hour Strategy (MACD)

Over-analysing things myself!! — Hi Weghio! Apart from my nice run on the loonie, I've been suffering from over-analysis lately...passing up good trades lately cos I'm actually looking for reasons NOT to take them.When I am in a good trade, I ...

4 Hour Strategy (MACD)

First target met!-at 21EMA ...then got stopped out by a doji on 2nd lot for gain of 25 pips!Lucky for me doji first hit 21EMA before my adjusted stop!Total pip gain 49 and 25=74. Anyhow...win or lose...Owe it all to Philip and the great contributors ...

4 Hour Strategy (MACD)

Foricks-USDCAD — Hi Foricks! Just got in and USDCAD trade was in profit!!Gonna let it run.1st TP @1.1036 =21EMA.2nd [email protected]=89MA. USDCAD looking good...adjusting my stop loss to 25 pips gain as of now. Hope you got in for the ride!

4 Hour Strategy (MACD)

Trade of the day?? — Based on all Philip's wonderful teachings/exercises and ,of course, updates, my vote for the winning trade of today would go to the EURUSD. Not necessarily for sheer amount of pips, but for the nice set-up that occurred. ...

4 Hour Strategy (MACD)

Long USDCAD — I too am long USDCAD at 1.0985 based on MACD signal on 1hr chart @ +-19:00 (GMT+2).Stop Loss just below 1.0965 low of today,based on Fibo retracement from 1.1164 high of MAY 11th. TP = 1hr chart 21EMA @ 1.1015 which would make ...

4 Hour Strategy (MACD)

Candlestick Reversal Patterns — Hi RyanD I think the reason Philip liked the idea of a trade here is that this candlestick formation is considered HIGH PROBABILITY when taken in conjunction with a MACD signal.An added bonus was that it fell ...

4 Hour Strategy (MACD)

Shift level=zero — Shift level=zero

4 Hour Strategy (MACD)

Not on NFP and FOMC INTEREST RATE statements! — I asked Philip a similar question just b4 the last Payrolls data, and he reckons he doesn't trade on these days. I assume it's okay to trade despite on the other ,more insignificant data. I ...

4 Hour Strategy (MACD)

TC and DOJI — Hi BIL2205! I'd recommend you invest a couple of weekends (depending on your job situation) going through this entire thread, from the very first post!!Believe me, you won't be sorry you did!There might just be one or two posts ...

4 Hour Strategy (MACD)

Holiday in UK — May 7 is MAY DAY in Britain, so volumes would be down. I wouldn't trade the pound today,based on that.

4 Hour Strategy (MACD)

Adding to our confidence! — WOW!!!Absolutely awesome trading,pips!Well done and keep it up! Judging by your contributions to this thread, you are one methodical,disciplined trader. Thanks for the info.It just serves to add to all our ...

4 Hour Strategy (MACD)

1hr confirmation charts — Check out posts #3833 and #3834. Pg 256.I'm sure this'll clear things up for you.

4 Hour Strategy (MACD)