The fed cut the rate by .75 a few minutes ago. This should be interesting to watch what happens.

4 Hour Strategy (MACD)

Have you ever made one of those really really dumb trades when you look back and say wtf was I thinking. :surprised That happened on a trade this morning and the other trade was stopped out by a tail but it was within the rules Oh well live and ...

4 Hour Strategy (MACD)

Trade off of USDJPY SL 107.47 Enter 107.15 TP 1 at previous trend 106.94 reached Set SL to 107.13 TP 2 still in trade. Reason for taking trade heavy resistance off of 21 and formed doji after news. The 1 hour had a morning star off the 89. The MACD ...

4 Hour Strategy (MACD)

bshadroo, The reason I am not even looking at the EURUSD right now is that the candles are so big and don't seem to have a pattern so I am staying away until it consolidates more. With some skill and more luck I might be able to pick the right ...

4 Hour Strategy (MACD)

Phillip, That was a nice trade on the USDJPY I was watching it last night thinking a reversal was going to happen but the news got in the way for me and by the time I got back into the office it was too late

4 Hour Strategy (MACD)

I got stopped out on the CAD. I think I set the stops too close. One step closer to a winning trade.

4 Hour Strategy (MACD)

Phillip, Thanks for pointing out entering in on the retracement of GBPUSD I forgot about using that "trick" I stayed out of the trade due to the large candle. I will keep that in mind next time.

4 Hour Strategy (MACD)

The thing that keeps me going is when I read back over the old posts from April and this Summer a lot of the people who are trading really well now were having the same problems I have. Nothing is easy in life but I found out if you work hard you ...

4 Hour Strategy (MACD)

The worst part is that I watched this happen when I got up at 1:00am this morning but I got scared and let it go. I don't know how to help this problem maybe I need to backtest a lot this weekend to get my confidence back. I have only taken 1 trade ...

4 Hour Strategy (MACD)

There are some nice set-ups on here. I just have a used laptop w/ aircard

Show your workstation!

Happy New Year everyone. I have done a lot of studying over the Holidays and I think it has helped a lot. I am very excited about the new year. Palmer, Thanks for your website I look at it a lot. Your printable charts are worth their weight in gold.

4 Hour Strategy (MACD)

EUR/CHF Support off of 89 and 365, Long Tail off of Hammer. Still above 89 so Trading with the Trend. MACD Round Bottom Stop Loss 1.6548 (below 89) Entry 1.6575 TP 1 1.6598 (just below the 1.6600 Resistance) Edit Closed TP1 and Moved 2nd order to ...

4 Hour Strategy (MACD)

I went and printed off the charts on Palmer's website fxtradeblog.com and started back testing since I started to loose confidence. After looking through it again and I am really noticing how much affect candles and rythm have on the market so I ...

4 Hour Strategy (MACD)

Wow the EURUSD has really taken off congrads to those who got it. I was too chicken to take the trade I saw it set up but I am starting to loose confidence in my trading even though I am a little over break even in my demo account after 3 weeks. I ...

4 Hour Strategy (MACD)

I was going to put the stop at 1.4715. It looks like it went down as planned, I was worried about it finding support on the 200 like twice before that is why I stayed out.

4 Hour Strategy (MACD)

I take that back the 200 is in the way and I have an old trendline drawn there that could act as support the R:R isn't worth it I am risking 30+ to get 19

4 Hour Strategy (MACD)

Remington TJ I see the same on my chart I am going short.

4 Hour Strategy (MACD)

Nevermind the trendline is in the way. I will wait for the breakout.

4 Hour Strategy (MACD)

My screen shot

4 Hour Strategy (MACD)

USDCHF — Right now I am looking at the USD/CHF on the 4 hour. It found support on a trendline and the MACD shows a round top. It also has a few nice tails. Right now I am waiting for it to close below the 200 and 21. Is my analysis correct?

4 Hour Strategy (MACD)