could this not be preparing for a long? those tails and the roundbottoms, the SMA's are close to the price infact the price bounced few pips from the 89 SMA, to me this looked like a long and i went for it...am i wrong their Master Phillip?

4 Hour Strategy (MACD)

Hi Barak, i have my SL at 1.5620 with my Tp stages exactly like you mentioned i.e the 8 ema then the 21 and then the price level. the reason i chose it was that it lies just below the 2 major MA's that is the 89 SMA and the 200 EMA plus it's an ...

4 Hour Strategy (MACD)

lol! i entered cuz of the rounbottmos on the MACD and i see the second last candle of the week (on the 4H) close like a good reversal candle, the 89 SMA and the 200 EMA are also close this could be a bounce to continue the previous trend after that ...

4 Hour Strategy (MACD)

ok the round bottoms have formed nicely i am long on both Eu (at 1.5708) and Gu (at 1.9837)...fingers crossed...

4 Hour Strategy (MACD)

lol both my logns got a beating....i hit my SL... anyways both these pairs Eu and Gu are at a no signal stage, i'll wait for it to atleast hit the 89 SMA and then we'll see...untill then any trades long and short can be dangerous

4 Hour Strategy (MACD)

higher tf's are not showing any direction atall...lot's ranging going on.. and yes by both i mean Eu and Gu... BTW this situation is highly favoring a short my anticipation is down for sure, i know there is a major support 1.98 for Gu and some ...

4 Hour Strategy (MACD)

nothing can be said till the close of this bar, if the price does hold by the trendline the roundbottom will woek out on the other hand if this 4H candle closes down to be a bearish candle it will be a very good TC pattern in which case the ...

4 Hour Strategy (MACD)

are you talking abt the colors of my MACD, or the periodic settings or what?

4 Hour Strategy (MACD)

yes i agree that round tops and bottoms are trend reversal patterns but to me this round bottom appeals to be a trend continuation pattern, the trend was still up untill the NFP and the trend might be correcting itself once again...don't you think??

4 Hour Strategy (MACD)

let me help you... the chart i recently posted hosts many such candles, generally speaking you should look for reversal candles on or around trendlines important price levels pivots, fibs or any other genuine cause of support or resistance. ...

4 Hour Strategy (MACD)

round bottom already beginning to take shape on the 1H for Gu and Eu...

4 Hour Strategy (MACD)

point noted... here is the Eu chart a few hours after the NFP: if the MACD gives a roundbottom in the upcoming few candles, will it be a valid long entry or should i ignore it due to the fact that the entire movent was just part of a wild news ...

4 Hour Strategy (MACD)

Hello everybody! My name is Ghous and i am from Pakistan. i have just gone through most of this system and needless to say (as many others have tried typing their hearts out ) the system is just too good, infact the system aside Phillip on his own ...

4 Hour Strategy (MACD)

i am combining the cornflower with trendlines, price action and the 4H Macd strategy also mentioned in this forum on the higher time frame to get the overall view, although this system has enough ammo to fire on it's own it might still be a bit ...

Cornflower Hourly System

looks like somebody here needs to be spoon fed...

Cornflower Hourly System

thanx Bob for your quick response. May i alos ask that what time frames do you refer to or as according to the system you use only the 1H TF?

Cornflower Hourly System

Hi Bob, good to see that you have been doing good with the system, can you tell me what pairs are you using for this system, it is primarily meant for Eu and Gu only right?

Cornflower Hourly System

Great thread forexlion! looking forward to the healthy discussions around...let's rock n roll!!! here is my Gj long i took late on friday, according to my trendlines we are heading up and i am glad to have my opinion going parallel to many opinions ...

GBP/JPY Trendline Traders

exactly!!! you stole my words Turveyd, i was abt to write the same thing ina new post...but you said it and rightly so, the uptrend is in effect, and the news around is'nt supposed to disturb it much, i see the 4 hour showing a perfect move up for ...

Cable Update (GBPUSD)

Hi guys, i am back from a really hectic schedule, these exams are killing me...lol! anyways here is how i see my Gu charts... image semicircles 1 and 2 show higher lows as the market trends up while 3 and 4 do'nt provide healthy news for the ...

Cable Update (GBPUSD)