forgot chart — Here's the chart

4 Hour Strategy (MACD)

I would not have taken that trade. I don't follow Phillip's rules as much as others so correct me if I'm wrong. I believe price is suppose to find support off the 89 and return to the 21. Since it did not close above the 21, it might return to the ...

4 Hour Strategy (MACD)

abc correction — It was an abc correction. Live and learn

4 Hour Strategy (MACD)

trade — I took a trade last night for a loss. My 1st loss in quite some time. The 1st chart is the daily, as usual, showing we are in a trending market and we should be looking for long positions. The blue rectangle shows a tweezer bottom. The ...

4 Hour Strategy (MACD)

See my previous post regarding RT and RB. If you think 4 hrs is too long this may not be the method for you. If you have the time and want quicker trades there of plenty of methods that will get you in and out faster. Just be aware the shorter the ...

4 Hour Strategy (MACD)

. I would not expect you to read the entire thead, but look at the 1st page with all the pd'sf and that would be a good start. A lot of people stopped taking the RT and RB do to inconsistant results. However, I find that they can be profitable IF ...

4 Hour Strategy (MACD)

Possible trade — Looking at GBP for possible trade...pull back to the break out level and then a pull away or maybe just a nice bullish pattern/candle(s) or TC. I did not take the break out b/c of the great distance b/t price and the MA's

4 Hour Strategy (MACD)

trade for the day — Well a positive trade, but could have been a lot better. I'm still making mistakes/learning after about 4 yrs of doing this. The 1st chart is the daily. I always start with the daily. It shows a general uptrend with some ...

4 Hour Strategy (MACD)

Per month — I maybe make 8 trades a month, sometimes more, some less. As I get more experience I imagine that will increase. I'm trying to take trades that I'm very sure of and stay away from ones that I am not. I'm coming up on 4 yrs of doing ...

4 Hour Strategy (MACD)

Just 2 — I'm just watching the GBP/USD and EUR/USD for this method. As for closing that trade early and not going for my second TP...ratsssssssss Raymond

4 Hour Strategy (MACD)

trade — In Eur trade at 4055 - post later. SL as stated before, TP changed Edit: Out at 4095. Looks like in may go higher now that I'm out. That's the breaks some times. I'll look at it later Raymond

4 Hour Strategy (MACD)

Watching EUR — I'm looking carefully at a possible trade on EUR. A strong bullish engulfing candle on the 4hr broke resistance. Let the candle(s) show that it wants to go higher and I'm in to 40909,1st/4150,2nd for profit targets

4 Hour Strategy (MACD)

Unusual amount of activity — The asian session is showing an unusual amount of activity. I think we are going to have a signif move which would be nice...giving us direction in the market

4 Hour Strategy (MACD)

trade — Here is a trade I took last night for just 50 pips. Not a lot, but it is a it is a tough time to trade right now. It was just a round top on the indicator, but more importantly, it was an evening star at a trendline/resistance. When ...

4 Hour Strategy (MACD)

Buyers vs. Sellers — The 1st vertical line: I would have waited til the following candle to enter b/c price had just stopped at previous resistance and not broken though it yet. Same goes though the second vertical line. Look to the left and ...

4 Hour Strategy (MACD)

Every trade is different, but I'll give an example of what I might have done yesterday. Again the 1st chart is the 4 hr TC, which would have definitely gotten my attention. I would then go down to the 1hr chart or maybe even the 5 min to see price ...

4 Hour Strategy (MACD)

Too small — I believe 20 pips is way too small of a SL on the daily. Your RR should be around 1:1. To make your SL smaller wait for a better entry. An example is today. The 4 hr gave a nice TC but it closed near previous highs where people ...

4 Hour Strategy (MACD)

Closing time — The 4 hr candles close at different times depending on which broker you use Raymond Edit: closed the 1/3 of my trade in the GBP/USD based on the U.S S & P 500 drpp today...approx 120 pips

4 Hour Strategy (MACD)

trade — Here is trade I'm currently in, a little late on the entry. You can also see where my SL is. Let's see how it works out. I know we are near previous highs (Daily chart), but I think it has a good chance of breaking though on this move. ...

Indicator Free Trading - Skunny

Multi trade — Here are some of the trades I have done in the last wk or so. This thread is looking a little thin, so I thought I would add something to it. I have had a very good couple of weeks. I hope it continues. The 2st one is the GBP ...

4 Hour Strategy (MACD)