I had a trade on the GBPUSD an hour ago Reason: Price broke through the 89 and it comes back to the 21 (standard rule). I started looking at the 1 hr when the price came back to the 21 and entered on the next big candle. I have never ran a trade w/o ...

4 Hour Strategy (MACD)

Let me know if this doesn't belong in this thread and I will remove it. This is something I found on another site. IMO an interesting read. 38 steps to becoming a trader 1. We accumulate information - buying books, going to seminars and researching. ...

4 Hour Strategy (MACD)

Also, it looks like we are getting resistance with the previous high. I am not going long until it breaks that point. The R:R doesn't look good otherwise.

4 Hour Strategy (MACD)

Going short on the Euro down to the 8. Stop loss just above the previous candle. Reasons: Price hit previous high and met resistance Morning star with tail Good size bearish candle. MACD confirms

4 Hour Strategy (MACD)

The EURO looks like it is going to retest some previous highs. This should be interesting.

4 Hour Strategy (MACD)

My Chart — My Chart

4 Hour Strategy (MACD)

Macalmd, I have the same thing on my chart. The MACD indicator is correct different feeds are going to be slightly different and 1 or 2 pips could mean the difference between red or green. Don't feel bad the same thing happened to me. I saw the ...

4 Hour Strategy (MACD)

I got stopped out @ 1.5765

4 Hour Strategy (MACD)

I am in the Euro with you.

4 Hour Strategy (MACD)

I spoke too soon.

4 Hour Strategy (MACD)

It looks like GBPUSD is finding support on the 89 and the Euro is finding support on the 8. There could be a TC in the works

4 Hour Strategy (MACD)

Phillip/ Palmer, The February review is really good thanks for making it/ posting it. I realized I am looking over too many pairs I think my brain gets over -whelmed expecially in the morning when most of the trading happens for me.

4 Hour Strategy (MACD)

I lost 38 pips on USDCHF. Does anyone see where I went wrong? Or is it just one of those trades?

4 Hour Strategy (MACD)

Phillip, I hope you didn't take my post the wrong way I really appreciate what you do. Actually I always look forward to the 11-1pm hour for me because that is when you usually post the daily report. I actually learn better this way than posts in ...

4 Hour Strategy (MACD)

Thanks for posting your trades Phillip and the MP3's. This last week I had an aha!(I understand) moment it has taken this long to sink in.

4 Hour Strategy (MACD)

Hookem28, I did almost exactly the same trade. I am trying to figure out where to put my 2nd take profit though. Are your from Texas?

4 Hour Strategy (MACD)

I went short on the USDCHF 1hr, There was a nice morning star and the price was bouncing back off the 8. I entered at 1.0369. My 1st take profit was hit 1.0342 but since I wasn't at my computer I couldn't move my stop down so it reversed and hit my ...

4 Hour Strategy (MACD)

Good trades everyone. I was worried about the news so I waited about 45 minutes after the news came out and the trade already happened. My question is what time did everyone make the trade? Was it right after he spoke I always try to let the markets ...

4 Hour Strategy (MACD)

I took the CT on USDGBP this morning very similar to what Phillip posted but only took half a position and made 25 pips. Also I took a CT on the USDCAD and got out with a -9 pips if the news wasn't coming up I would still be in it. As for now all ...

4 Hour Strategy (MACD)

Congrads everyone on the good trades. My emotions got the best of me since I got stopped out by 2 pips on the swissy. Another problem I have is that I can usually pick the market direction using Phillip's rules but I wake up and see a large candle ...

4 Hour Strategy (MACD)