What a retracement to 8MA before continuation on downtrend for the EJ! 10 more minutes to candle close. No signals given on MACD.

4 Hour Strategy (MACD)

Very tempted to enter a long trade on EJ now. Beginning of a RB is seen, Bear trend is slowing down. Must practice patience and wait for next candle to confirm on MACD. It's the same on EU also. Edit: I think I am hoping too much that Euro will ...

4 Hour Strategy (MACD)

I think most people here is trading the 4hr MACD method. Of course, each trader will input their unique analysis of the pattern that is appearing on their screen and they will have different indicators apart from the standard ones that Phillip Nel ...

4 Hour Strategy (MACD)

There was, but now there isn't. The RB is gone, which is why waiting for candle close before entering trade is good. Patience is very important. As I am doing demo trading now, I find it easy to hold off entering a trade. Hope to maintain that when ...

4 Hour Strategy (MACD)

RB forming on EU and EJ. Waiting for candle close to confirm.

4 Hour Strategy (MACD)

Replied via PM to avoid cluttering up the thread. Half hour more to candle close. Looking to short EJ furthur if it closes below 50% fibo line. Edit: Looks like EJ is rebounding off 23.6% fibo. Will not enter trade. sl is too far and tp is too near. ...

4 Hour Strategy (MACD)

EJ broke the 50% fibo line. EU now at previous low. Waiting for candle end in 3 hrs.

4 Hour Strategy (MACD)

Candle did not close above the 8MA. No trade entered. Price seems to be moving sideways for now, bulls losing control with every candle. Therefore, I agree with your statement it will be bearish. However, it will be better to see if the MACD gives a ...

4 Hour Strategy (MACD)

I agree with battery life. That's why I switched from HTC Diamond to HP iPAQ 912. Although the iPAQ has smaller screen than Diamond, the battery life is longer, 1940mAh compared to 900mAh. HTC HD2 has the largest screen so far, 4.3", but with ...

4 Hour Strategy (MACD)

No problem. EJ has a bull breakthrough on the 89MA. EU has also rebounded.

4 Hour Strategy (MACD)

Any windows mobile phone is fine. I was using HTC Diamond, now HP iPAQ 912. Going to get Garmin Asus M10 next. Important is screen size, resolution and battery life. Update, EJ has broken the 89MA, if candle closes at this level, uptrend oncoming as ...

4 Hour Strategy (MACD)

Yup. Sorry to digress. Can't offer any views as I am now using mobile to view. Limited indicators. But from the candles, shorting the EJ seems a good trade. But beware of breakthrough on the 21MA. The candle to watch should be the one ending 12 ...

4 Hour Strategy (MACD)

It wasn't the lot size. It was all the losing trades. The EA doesn't put sl. It just enter trades at double the initial lot size in the same direction. Therefore, there was once I had 3 losing trades totaling about 500 pips loss with each trade ...

4 Hour Strategy (MACD)

The EA gave me 40% since I started on 3rd March 2010. But then, the drawdown of the EA is too much. At a certain point, I was running more than 50% floating loss against my account. Based on forex advice I keep reading about, that is not a good ...

4 Hour Strategy (MACD)

Time is one commodity I don't have much of. My subscription to an EA ends in Sep 2010 which by then I hope to be able to start trading live on my own. So much to learn. so little time.

4 Hour Strategy (MACD)

Thanks for your confirmation that I am not asking stupid questions. Now a hammer has formed in the EU 1hr. SHows bulls are trying to regain control. But then, you have got 100 pips in the bank and another 30 to come should the trend reverse. Your ...

4 Hour Strategy (MACD)

20+ more pips to go then. I see that EU should go down furthur as in all timeframes, the bulls do not have much control. The bears are leading all the candles. Do you people keep trades for long term? I know that if using MACD strategy, it will most ...

4 Hour Strategy (MACD)

Hi everyone. New month starting and everyone is off to a good start. Those who shorted should have at least 50 pips profit by now. Anyone care to share their first tp level?

4 Hour Strategy (MACD)

Bull breakout after consolidation. As it is near the weekend, I am staying out of trades.

4 Hour Strategy (MACD)

Good luck to you. Hope it works out for you. It's a high-risk trade you are plunging into, jumping the trigger ahead of signal. It will be better if the candle broke the 8MA. Mind sharing your sl and tp levels?

4 Hour Strategy (MACD)