Disicipline is the most important after you have a trading plan - this can take years to master. I did a lot of impulsive trades before - it is the #1 account killer. I recalled many times I would abandon my trading plan and just take trade after ...

4 Hour Strategy (MACD)

EUR — EUR is currently resuming its previous weekly uptrend breaking out of a daily correction that started last Nov. It is moving so strong because all timeframes are in sync weekly, daily, 4H or even 1H - ever since the break the 1H has not ...

4 Hour Strategy (MACD)

Weekly - Daily — I spent a few hours the last couple of days looking over charts with a mid term goal of changing all my trading to weekly / daily charts. It is very promising after adjusting a few of my entry / exit rules. I particularly like ...

Fibonacci Trading with Bobokus

I did miss the move because I was being too cautious by waiting for the pullback - if I wasn't so careful or fearful I would of taken the 1H rounding 1 hour earlier before the 4H MACD signal if I was watching live - however I was alerted by the 4H ...

4 Hour Strategy (MACD)

I was also hoping to catch a TC on the EUR today - but the corrective cycle is not complete yet. Yesterdays stop was to big for me and a pullback never came for me to get in. But look at the turn yesterday it was very pretty and tight with perfect ...

4 Hour Strategy (MACD)

Agree with hijack but as I type the 1H candle is breaking the 62% of the last minor swing - still 20 mins to close but you may want to do what Phillip does - take 50% profit then leave stop a little further away - so you come out BE. Because 20 pips ...

4 Hour Strategy (MACD)

GBP following price movement — Here is how I follow price movement & price action. Notice how each minor down swing respected the 62% fib. Up to this moment price is still in a downward movement. When it finally closes strongly above 1.9815 ...

4 Hour Strategy (MACD)

Lou, Why not just discuss here? Even Bo mentioned that intraday trading is very taxing so I don't think he will mind. I am going to start looking over more weekly & daily charts and Bo has indicated he will post some info in this matter over the ...

Fibonacci Trading with Bobokus

Currently GBP is bouncing on the 32% and 50% already. When price bounced from the 32% earlier - I followed price looking for a perfect bounce of that minor swing (red line swing). In this case it failed. I will only enter if the bounce is perfect - ...

4 Hour Strategy (MACD)

Bo, The one thing I am not liking about forex is that most of the good entries are near London open and I live in New York time. And trading the 1H I too sometimes spend way to much time on it - which of course affects one's health due to sleep. I ...

Fibonacci Trading with Bobokus

GBP CT — I am with Ira - don't want to risk any pips from yesterday on CT and this might be my first month ever with no loss 2 more days to go! My GBP chart is starting to show support already so do as Phillip does get to BE after 20 pips. I ...

4 Hour Strategy (MACD)

bshadroo, I tried explaining this in some of my previous posts - when price is in a corrective cycle like this - qualify the swing before entry or enter if price bounces from the fibs of the minor swing - if price goes below the 62% don't enter ...

4 Hour Strategy (MACD)

I posted my aha moments in Phillip's 4H thread during the past week - these fib moments have completely deepen my understanding of price movement and have given me a more stuctured way to look at the market. Please feel free to click on my name and ...

Indicator Free Trading - Skunny

I still glance at this thread now and then but I am not even sure what everyone is trying to figure out - I went to Bo's thread got some direct answers on use of fibs and got many critical aha moments. But why can't everyone just give a straight ...

Indicator Free Trading - Skunny

First of all - I am far from an experienced trader - but doing this full time almost 2 years - and staring at charts 8 to 10 hours a day. Price action is a lot of things but to me candle pattern, pin bar, price pattern all mean the same thing. If ...

4 Hour Strategy (MACD)

For those reading my posts and not getting my main point on price movement but instead think I am posting about fibs - you are not getting what I am trying to deliver - and I apologize for not being able to express myself clearly for you to get a ...

4 Hour Strategy (MACD)

EUR — I must also stress that fibs are no more than a visual guide for S/R levels - I have said this many times. Again I use them only to aid is seeing S/R levels - my exact entry is still based on price action around those levels. With today ...

4 Hour Strategy (MACD)

There is a very good thread on fibs here at ff url In terms of price cycles - it is just a fancy term for price movement. I studied Elliott wave a long time ago and it talks extensively about trending moves - corrective moves so that helps. But it ...

4 Hour Strategy (MACD)

I too believe what I am describing is the core fundamental or foundation of price movement. Let's look at the EUR right now. On the daily chart you can clearly see it is in corrective movement. That daily corrective movement is a result of price ...

4 Hour Strategy (MACD)

I don't use fibs to filter macd but to simply follow price movement. By following this movement I know the MACD is going to give a TC signal before it happens. You need to think about fibs as a visible tool to see S/R levels better - not an ...

4 Hour Strategy (MACD)