Sounds like a great trade guiyee, price has made a daily high of .72269 so far As Orange said, RBNZ Rate Decision in about 12 hours so be cautious leading up to it. Well done!

4 Hour Strategy (MACD)

EurGbp Update from yesterday (Exited at .8550 level) Trade 1 = +44 pips Trade 2 = + 57 pips Total = +101 pips

4 Hour Strategy (MACD)

Hey jcat, No problem, always remember that "doing nothing" in trading is making a choice to do something. Doing nothing doesn't mean you are not trading, you can be waiting 3 days for a trade and during that time you ARE trading because you are ...

4 Hour Strategy (MACD)

EurAud Update Here is the same chart I posted yesterday, EurAud seems to be doing roughly as anticipated, the question is whether we now get the final anticipated move higher or if if fails from here and turns down. The overall 4h tend is down so ...

4 Hour Strategy (MACD)

Hi Jcat, This is how I see the EurUsd. Price is above the 89sma and below the 21ema so it is giving mixed signals from here. Personally I would stay out of it until there is a break and pullback of the 21ema or the 89sma and I would aim for the ...

4 Hour Strategy (MACD)

Yes checking the 1h time frame is a very good way to enhance your entry, same 4h rules apply on the 1h chart. Good work JP

4 Hour Strategy (MACD)

Hey Orange, Yeah it's hard to say right now isn't it. I am anticipating something like the chart below in 1h chart We'll have to see how it plays out and trade accordingly anyway, otherwise we can only guess. JP

4 Hour Strategy (MACD)

Hey Orange, Yep I saw this as well. Impossible for me to trade long at the moment as it is still going down and it could easily turn into a lower low. I'm thinking maybe wait for a move up/break of 21ema and a pullback, before a possible move to 89 ...

4 Hour Strategy (MACD)

Hey guiyiee, By the way I didn't mean post your account, just the charts to see the market rhythm. In my opinion that is a great trade In the 1h it is a break 21ema and 89sma, pullback, move to 200 sma. That is a trade I would take/ would ...

4 Hour Strategy (MACD)

Hey guiyee, I didn't take that trade as it looks like you opened it whilst it was night time where I am, sounds like a good trade though. Are you able to post a chart of it showing the market rhythm/ thought process? That would help to see what the ...

4 Hour Strategy (MACD)

No problem CB I don't claim to be able to see the future, it may well go higher. But just sharing my own process and how I decide which trades to take. Trading is about sticking to your rules. If you know they work and you stick to them, you ...

4 Hour Strategy (MACD)

Something to watch on CADCHF for me is that it is below the 89sma telling us the general "mood" is down. Added to the USDCAD trade which I am looking at (suggesting CAD weakness) I would be cautious about taking a long position here. I am not saying ...

4 Hour Strategy (MACD)

Here's what I see CB, On the 1h chart it is telling me it could be a "messy" break 21ema, move to 200sma. The reason I say "messy" is because it is currently above the 21ema/89sma indicating a buy, but sometimes it can just be a "messy" break 21ema, ...

4 Hour Strategy (MACD)

Hey cheeseburger, I personally wouldn't use the same technique with the fib ex etc however I would say that is where it is heading. I am looking for the move to the 1.2700 level as the next barrier and then see how it reacts from there. It may take ...

4 Hour Strategy (MACD)

Potential Opportunity USDCAD for this week Rhythm - Break 21ema and 89sma, pullback, move to round level

4 Hour Strategy (MACD)

Hey all, Just a couple of things I see for this week Still waiting for the same down moves for the GBP as posted last Friday. We may see a bit more GBP strength though before anything happens this week, we will just have to see. Here is a potential ...

4 Hour Strategy (MACD)

That's NFP day for you Nobody wants to do anything until after the announcement, so we will just have to wait on the GBP pairs until after and see if we get an opportunity. Can't see anything happening or it even being wise to get involved ...

4 Hour Strategy (MACD)

GbpJpy This is another one I am potentially looking at, but I am cautious as the JPY can easily get quite volatile with major USD news such as NFP in a couple of hours. Nothing has set up to take a trade as of yet, I am certainly in no rush to trade ...

4 Hour Strategy (MACD)

GbpChf Here is another potential opportunity Break 21ema, pullback, move to round number Lets see how they set up/play out

4 Hour Strategy (MACD)

Was planning to have today off because of NFP, but there may be a few which are too tempting to pass! (Mainly on the GBP pairs due to yesterdays cut). We will have to see. Below is one of them for anyone who trades oil. Rhythm - Break 200sma, ...

4 Hour Strategy (MACD)