Seems like EU broke through the 8MA and 21MA support lines. I should have left my trade from yesterday open. Might still be able to hit the t/p. But then I let my emotions take control and closed the trade. Too many things to learn, too little time. ...

4 Hour Strategy (MACD)

Thanks. Hope you get your pips. The 8MA and 21MA should provide good support against any furthur drop. Also the daily chart had a long tail which should be a reversal trend coming up.

4 Hour Strategy (MACD)

Thanks for taking the time to answer my questions. I believe I know where you got the signal from. It wasn't the MACD that was giving the signal, but the movement of the charts, the 'W' that is forming in the 4hr chart of EURUSD. Am I right? I think ...

4 Hour Strategy (MACD)

xeneric: If you are going long on EURUSD, then the 89SMA is above, which means you are doing a counter trend trading. But no MACD signal was given. Can I know how you analyse to trade long? Sorry for all the questions but I want to understand the ...

4 Hour Strategy (MACD)

Oh I know. Your charts are EURJPY. I thought you were talking about going long on EURUSD? From my chart, the EURJPY has been testing the 61.8% Fibo line at 125.93 and the 50.0% Fibo line at 125.39. The 4hr has been closing around this range since ...

4 Hour Strategy (MACD)

How come our charts are so different? I am using charts from Gain UK which should be on GMT timezone. Even so the 89SMA should not differ so much. Strange.

4 Hour Strategy (MACD)

How do you people keep track of more than one pair at one time? I am having a hard time keeping track of one pair as it is already. But then I am still new to forex, having learnt about it only in early March this year. So far still reading the ...

4 Hour Strategy (MACD)

Price came to 125.03 where it bounced off the 21EMA. Closed the trade at 125.58 as a hammer was forming. I was too greedy when setting the t/p at 50% fibo line instead of the 21EMA. Gain = +4 pips Was I also wrong in reading the initial MACD signal?

4 Hour Strategy (MACD)

Hi again. I am back. Missed a signal on last Friday on the EURJPY as I was on vacation. Today, I just took another trade. Please give your comments. Short entry at 125.62 for EURJPY as MACD showed signal for short position (Round Top). S/l set at ...

4 Hour Strategy (MACD)

Thanks for the comments. I entered the trade a little early as that candle closed 8PM my time. By the time the next candle closed, I would have been asleep. I attached the continuation of the chart. It did break through the 200SMA before resisting ...

4 Hour Strategy (MACD)

hello all. Just started learning Phillip's strategy and did a trade yesterday. Please give me your comments as to whether it was in line with Phillip's strategy. Thanks in advance. Long entry at 123.74 (EURJPY) as MACD showed signal for long ...

4 Hour Strategy (MACD)