Looks like RT forming. But the 8MA line is near. Might bounce off that. EU is meeting resistance at the 1.3250 level. But the bears are unable to push the price down, losing strength with every candle. Might see a bull breakout soon.

4 Hour Strategy (MACD)

EU 4hr riding the 21MA line. No trade as no signals given.

4 Hour Strategy (MACD)

I believe that before the price goes up, there will be another small downtrend as in the 4hr, the MACD is giving short signal. Possible t/p at 1.3150 (near previous low), sl at 1.3273 (previous high). However, it is still best to wait for this ...

4 Hour Strategy (MACD)

In demo, it is easy to trade because no real money is involved. This I fully agree. I started with a 50000 demo account on 3rd March this year. Now, my demo account has 139504.56. Of the profits, only 6.34 was based on the MACD. The rest were traded ...

4 Hour Strategy (MACD)

Good analysis. I didn't notice the triangle. But I think your broker and mine close the candles at different times. As you have correctly mentioned, EJ now is not trending, MACD gives trend signals. Please correct me if I got it wrong.

4 Hour Strategy (MACD)

I am planning to trade on demo from now till Aug. Hopefully by then, I would have got the confidence to trade on micro lots. Which is why I am posting my analysis here to let the seniors give me guidance.

4 Hour Strategy (MACD)

Evening star seen in EU 4hr chart. Will wait for this candle to close to confirm a downtrend continuation. EJ seems to have rebounded off the 21MA for a downtrend continuation. Anyone shares the same opinion?

4 Hour Strategy (MACD)

Round bottom has formed on the EJ but too close to the EA line. R:R ratio will be less than 1. No trade. EU seemed to have rebounded. But sl too far to previous low. No trade. Comments?

4 Hour Strategy (MACD)

I made some money with that EA. But I don't want to discuss that in here. This 4hr candle end will be interesting. To see if RB has formed on EJ and to see the DB on EU.

4 Hour Strategy (MACD)

That's something bad in a certain sense. I desposited to my accound Eur at Eur 1 = Sgd 1.94. Now, if I am to transfer back to Sgd, I would have lost out on the exchange rate.

4 Hour Strategy (MACD)

I am using Gain because I subscibed to an EA that using that broker to trade EJ. That's why my initial questions and analysis were all on EJ. I also find it easier to enter trades using MT4 which SG brokers do not allow.

4 Hour Strategy (MACD)

I am from 82. Yup. Trading in my office. I am the IT admin. So no one to catch me but me. I would say that EU is going for small DB now. It is now at a new low. EJ should have rebounded by now as the morning star pattern reflected. Signal wasn't ...

4 Hour Strategy (MACD)

The broker I am using, Gain, only got mini and standard. But I can put 0.01 lot per trade. Is that considered micro? Also, to open the account, you need to set a base currency. Gain only has EUR, USD or GBP. Which do you recommend?

4 Hour Strategy (MACD)

Wow. If you are 1983, then you are younger than me. Candle about to close for my broker. MACD shows a TC short signal for EU 4hr for now. It is a bordering on TC or RB signal. Will wait for clearer signal and skip this trade. On the other pair, EJ, ...

4 Hour Strategy (MACD)

Hi. I am still new at this and have not even started live trading. But then, I forgot where I read this from, if you hit a bad streak, stop trading and analyse the bad trades and find out the mistakes and see if it was the previous bad trades ...

4 Hour Strategy (MACD)

Did not trade as the pullback wasn't strong enough yet as the bullish engulfing pattern did not form. It may be just a small retracement. Shall wait furthur and observe.

4 Hour Strategy (MACD)

Morning Doji Star pattern appearing on the EU 4hr chart. Long signal shown on MACD. Shall wait for candle to close before putting trade. Comments?

4 Hour Strategy (MACD)

Now it looks like Round Bottom forming on the 4hr EU chart with a doji for the previous candle. Have to see how this candle closes. Edit: I believe this will not be a Round Bottom but a TC signal on the MACD. Still, have to wait for this candle to ...

4 Hour Strategy (MACD)

I should have set the sl higher. Should have expected a tail to go above the 8MA line. Also, I should have stuck to my trading plan for my yesterday's trade. Then I would have hit the tp just now for the EJ pair. Lesson learnt was not to let my ...

4 Hour Strategy (MACD)

If I had placed the trade, my sl would have been hit already. Seems like I have to wait and see the trend develop furthur.

4 Hour Strategy (MACD)