GBP; My take on GBP is two trendlines under current price with a low of 1.9400, giving room for a short of around +33 only.

4 Hour Strategy (MACD)

Burnt offering — Euro; Not much to say about this right now. This is the 4 hour chart with 12 hr mov. av's offering few clues.

4 Hour Strategy (MACD)

I will never foget this story becasue it represents such arrogance and blind stupidity. This guy lost the kind of money we only dream of..............twice!!!!!!!!!! Another point is clearly even after losing the first lot of money, if he learned to ...

4 Hour Strategy (MACD)

Cautionary Tale — I used to read the Financial Times. In it one day was an article about day trading. There was a guy who ran a mobile phone business. He had decided to start.............day trading during the Tech boom of the late 1990's. He ...

4 Hour Strategy (MACD)

Stats would be great. I hope someone can provide illustrations for this so we can compare, like a menu and we can choose which ever suits us etc. Other than trading only one lot, i rather like the idea of opening two and taking profit on both at +25 ...

4 Hour Strategy (MACD)

I read a post once by someone who was some sort of computer expert or something. He reckoned the markets were all about algorithms or somesuch and somehow they could be reduced to this and he could make some black box system to trade ...

4 Hour Strategy (MACD)

Thanks Ira — Hey Ira, i was waiting for your sensible 2 cents, thanks for that. It certainly is an interesting discussion. But i wanted to make one last point and that is that it is psychologically and emotionally very very important not only ...

4 Hour Strategy (MACD)

Yup. Looking at that situation, i considered a re entry at the close of the 4-8am bar was on given the fierceness of the down move. Perhaps one for the future.

4 Hour Strategy (MACD)

Your a nugget Ira, well done!

4 Hour Strategy (MACD)

Actually, i think trading two lots for people new to the system or who are not trading real money is a big task.And i dont really know why they are doing it. It is not necessary to be successful and is a challenge in itself. Ok it maximises the ...

4 Hour Strategy (MACD)

Agreed — Quite so. It does show there are lots of way to skin this cat, it depends on what you want or expect from the trade. I am happy at the moment with 1 lot, but then i can manage it manually for abit more it i feel its there. Perhaps ...

4 Hour Strategy (MACD)

Yeah, but the problem with the way Golfer explained it, if he is right, is that you also lose the +25 you would have made entering two lots at the start of the trade. If the 4hr system works well, as i beleive it does, that is the exact moment to ...

4 Hour Strategy (MACD)

I think the GBP just made my point, it would have taken out your stops there. I am a beleiver in setting targets and taking your pips...........!

4 Hour Strategy (MACD)

Ballsy trade that one then!. I had a trendline on mine also but took the trade anyway to see what would happen. However, following it on my 5 mins i didnt like the volatility so bailed for +1, which doesnt bother me partic. This is the problem i ...

4 Hour Strategy (MACD)

Euro; Slightly closer showing that trendline at the top in black, still in place, and also the red dashed line which is the low from the previous month.I find that line significant because last month was a pin bar. Obviously we have the 89 here also ...

4 Hour Strategy (MACD)

12 hours. — Throughout the day i am also following 4hr charts with 12 hour moving averages on them to see if they show anything interesting. So far the Euro chart looks sweet.

4 Hour Strategy (MACD)

Euro, i think that old trendline might still be intact.

4 Hour Strategy (MACD)

Saka; These are all difficult issues to be sure and we have to find our own answers to them, but we do have other choices. I am trading only one lot for instance, making +25 a day is plenty and will trade 2 lots when i feel ready. You are afterall ...

4 Hour Strategy (MACD)

Euro today or.........why not cut out the middle man. — Firstly i wish to commend Phil for his judgement on the Euro trade. I was sceptical about it due to the weight of resistance that the price was likely to encounter.....until further ...

4 Hour Strategy (MACD)

More things learned by me today. I must remember to get on the 4hr macd train........when its in the station next time!.........hahahaha, but hey!, i love learning, thats why i am here. I like the way the system confounds my scepticism, i shall give ...

4 Hour Strategy (MACD)