GbpUsd trade — I was a bit late (19minutes) but still took the trade as my profit target just above 1.6500 still gave me 1:1 R:R ratio. 1. MACD divergence and 6 candles finding resistance around 1.6635.

4 Hour Strategy (MACD)

Very true — Thanks. This is very true. If you take a countertrend during the busy session there have to be a lot of confirmations like divergence, trendlines, equal price levels, candle and or pattern confirmations etc.

4 Hour Strategy (MACD)

EurJpy trade — I took the EurJpy trade today due to a nice TC on the MACD with settings 10,22,1. It was also off the 21ema. I also had to set a profit target as I could not watch the trade and it was reached. Added todays comments

4 Hour Strategy (MACD)

Comments — Lesson 1 A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. They rub it and a Genie comes out. The Genie says, 'I'll give each of you just one wish.' 'Me first! Me first!' ...

4 Hour Strategy (MACD)

GbpUsd Aggressive Trade — If you people feel this should not be posted let me know and I will remove it. It is an aggressive trade allthough I feel that it is all within the rhythm of the market. All I did was to position myself at a better ...

4 Hour Strategy (MACD)

Head and Shoulder — I also saw the sHs on the MACD. I was still in the GbpUsd tradeso I let it go passed. Phillip

4 Hour Strategy (MACD)

EurJpy — Here is a RTop I took. I liked the red bearish candle. And the resistance against 136.0 It went to 1.3500 twice in a very short time so I have set all to BE and will see later tonight to close the trade. Edit I closed out for +36pips

4 Hour Strategy (MACD)

GbpUsd — See post 21139 for the start of this trade.

4 Hour Strategy (MACD)

Risk Calculator — For those interested. 1. Enter your starting capital 2. Enter your % risk 3. Enter your stoploss in pips and it will give you a lot size based on a mini account. 4. Adjust the formula in D8 to represent your pip value of your ...

4 Hour Strategy (MACD)

GbpUsd trades — See attached

4 Hour Strategy (MACD)

GbpUsd trade — The breakout trade of the GbpUsd according to the rhythm as explained on post 2118. The rhythm is still up. Therefore the wait at the tendline to see if it wants to break through. The hammer was the trigger for me . The price ...

4 Hour Strategy (MACD)

Here is mine — Hope this is OK. Phillip

4 Hour Strategy (MACD)

Trade as per post 21118 — Here is the total closure of the GbpUsd trade. I took profit on the remainder at 1.6000 as planned.

4 Hour Strategy (MACD)

Pullback — Hi. It is difficult to know that beforehand if it is going to breakout. The best way to trade a breakout is to wait for the breakout to occur on a lower timeframe like the 1H in this example and then to wait for a pullback and then ...

4 Hour Strategy (MACD)

Reason for the trade — A double bottom was part of it. I have updated post 21118 with the reasons for the trade. Phillip 1.5900 was the reason for closing 50% of the trade.

4 Hour Strategy (MACD)

Trade GbpUsd — Todays trade that I took. I am posting this from work. Will give full details when I get home later as to why I took the trade. We had very bad weather and no internet last night. Could not discuss this oppertunity on the net. ...

4 Hour Strategy (MACD)

Trade EurUsd — The trade I took on this morning with 3 tails down to 89sma support. I entered as soon as price went above the previous candle high at 1.4725. I said that I am going to trade more agressive but still within the 4H MACD rules. We ...

4 Hour Strategy (MACD)

Volatility — Hi I was hoping someone asked that question. The credit crunch last year had 4 hour candles running 200pips at times and the volitality has not calm down as we knew it in the past. Therefore my decision otherwise a lot of trades ...

4 Hour Strategy (MACD)

Good — That was very good. Phillip

4 Hour Strategy (MACD)

Good — Hi The only reason I went to BE so quickly was because I dont want to give away the pips I allready made from yesterday if this turns around. 1.0500 Seems to hold. Will see if it gets broken.

4 Hour Strategy (MACD)