Hi, I'm back. It's seem rather quiet here. Are you guys still trading? Nicholas

4 Hour Strategy (MACD)

Thanks all for your reply. I have been sick for more than a week so that explains my absence. And I checked on this forum whenever I had the energy to. Not fully recovered yet so taking things slowly. Did a trade on GU, made 38pips. image

4 Hour Strategy (MACD)

Hi Richard, You are using ATR to determine target price? Can you tell me how ATR is applied. And the set up in the chart? Please. Thanks.

4 Hour Strategy (MACD)

Don't know about you guys but this seem to be a no-trade week for me. The pairs I am trading have no direction. Traded AUDNZD and GBPUSD and either took very small profit or closed out at BE. Not complaining but want to hear from other trader how ...

4 Hour Strategy (MACD)

I should know something is not right with that chart, as I find it difficult to identify the wave and draw it. Yes, I went through JP's posts. BTW I use H1 TF for the wave. How do you decide which to refer H1 or 30min?

4 Hour Strategy (MACD)

Does anyone have time to answer this? Did I draw the wave correctly? image

4 Hour Strategy (MACD)

Thanks. And looks like I am not familiar with drawing the wave. A little unsure how it's at the moment. But will have to figure it out. Thanks Jonny and please keep posting feedback to me.

4 Hour Strategy (MACD)

OK. Really appreciate that you are reading my post and correcting me at the same time.

4 Hour Strategy (MACD)

Richard, You commented about how the abc wave fit into the 4H MACD system. Actually, I stumbled upon this a day after I figured out the wave system. If you read and re-read Jonny's posts, he has explained it rather thorough. Here is how I have ...

4 Hour Strategy (MACD)

Good day Richard, At the moment I have not spotted another example to post to you. But I have here AUDNZD that I was watching this afternoon and anticipating a pull back on both H1 and H4. But that did not quite happen thus the wave cycle was not ...

4 Hour Strategy (MACD)

I have not gone into anything beyond wave 3. Does the links you posted mention about wave 5? Not that I am in a hurry but I will read that a bit later.

4 Hour Strategy (MACD)

Thanks Richard. Took me a few days and have gone through Jonny's posts and understood it quite thoroughly. Now I can start reading the links you have posted. Have a great day.

4 Hour Strategy (MACD)

Good Morning from Asia. Did this trade on GBPUSD at around midnight here. Noticed also on H1 chart, there was a formation of 123wave which gave me the confidence that the market is ready to move away from 21ema on H4 TF and for a early entry. ...

4 Hour Strategy (MACD)

Analysis on NZDUSD image image

4 Hour Strategy (MACD)

Ok, and can you help me to clear the air on this, please. (from earlier post) NZDUSD, I did not trade either. Why? Because at the point where price was moving away from 21ema, all 3 moving averages (21,8 and 89) were together. And I remember Nel ...

4 Hour Strategy (MACD)

I did that first trade, it was last Friday and yes it was on a Friday. But market decided to reverse and got killed there, which I don't know why. But the plus point is that after reading you chart, I felt encourage because I have analysed the chart ...

4 Hour Strategy (MACD)

Took me a long time, but ok I saw the BPM (it was a long journey, stalled before it moved on). That's how I missed the trade and thus entered late. You saw the "Temporary R&S" in the chart? and the Red news that was coming. Should I be bothered by ...

4 Hour Strategy (MACD)

Were these trades taken today? 1. I traded EURUSD. Was making about 12 pips and I set SL to BE, being cautious that GBP Red news ahead. But of course it retraced and stopped me out and I never had the guts to re-enter. 2. Please share how you ...

4 Hour Strategy (MACD)

How did you decide on the entry point? I was watching it but did not take it as it was very close to BRN 1.0000.

4 Hour Strategy (MACD)

Not sure if I have understood you correctly, did you mean that this is a risky trade even at wave d? Your quote: "But we know in the 4h chart it has pulled back to the 21ema and so now, as per rules, is likely to head down from here. Meaning anyone ...

4 Hour Strategy (MACD)