Closed my position at my primary target due to G20 which has started today. Closed @ 1.4586 ( + 196 pips ) I keep promising videos, I have only this morning found some software to record so will go through this trade tonight via a video. Cheers WG

4 Hour Strategy (MACD)

TC GBP/USD — Morning all, I have taken a TC on the GBP/USD on the close of the last 4H candle. The reasons for this trade are as follows: 1) Strong bullish engulfing candle close of the last 4H candle. 2) Price action has found support around ...

4 Hour Strategy (MACD)

Ritchie Mann: Sorry one of the most experienced traders that uses the system has not come forward sooner. To answer your most recent question, I use the 4H system together with the 1H an have an average say of the last 3 months of about 400 pips per ...

4 Hour Strategy (MACD)

You got it, to start with just take the TC (trend continuation) signals off the 4H, you should only take on around 10 / 15 trades per month. Use a demo account to go through the method as if your currently trading live you'll be inclined to take far ...

4 Hour Strategy (MACD)

Hello Yuyudada, i'm glad you learnt alot from a relatively straight forward trade. There is an art to where to draw your fib studies from. I've had many questions about this, so i'm thinking about making a quick video and sticking it up on youtube - ...

4 Hour Strategy (MACD)

bshadroo give me a couple of weeks i'll be able to tell you what the count is Currently only half way through my Elliot wave book! lol so far so good!

4 Hour Strategy (MACD)

Closed this trade @ 4425 = +81pips

4 Hour Strategy (MACD)

Hopefully I have answer the the 1st question, if you were following the rules strictly your stop loss would be 4634 (4640 to avoid a tick up) which is the high of the box range and the high of the breaking candle. You are correct the 365 was holding ...

4 Hour Strategy (MACD)

Ok 1st of all a "Fib" is a fibonacci retracement, its another western techincal indicator. More info can be found here: url Most experienced traders will use them for retracement levels / extension levels. There are 2 reasons for this target: 1) ...

4 Hour Strategy (MACD)

Box range, is when the price is stuck in a range which is usually seen as a period of consolidation. The box which I have highlighted below shows this. Soon as you have a close outside of that with a candle pattern / macd signal you have a high ...

4 Hour Strategy (MACD)

TC on GBP/USD — Good afternoon all, I've not long got back from a long trip to the states (Miami - Spring break) which was out of this world Back to trading - so looks like i've mist quite a few big moves which allowed you guys to net some ...

4 Hour Strategy (MACD)

Lao, you are completely right to wait for a the right signals, the big part about this system is knowing when to trade & to only take the high probability ones on - this is how the system works. Orange: I hate to say this & please don't it the wrong ...

4 Hour Strategy (MACD)

same here, otherwise havin small stops u'll just get caught up in all the crap. The big boss know where the stops r & will push it there, then take it all the way back!!

EURUSD

LAO your complete correct - last month there were a very small number of trades, I only took 6 on & 2 of them were based on 1H entries. This month i have not taken any, the 3 sisters entry earlier this morning was a potential however the way the ...

4 Hour Strategy (MACD)

Reference book: — Good evening all, i know only the basics about Elliot wave, however i've purchased this book: Applying Elliott Wave Theory Profitably url is there anything i should read 1st? cheers WG

Elliott Wave Trading

Orange, I hate to say this but, this wasn't your best trade - there are a few indications for this: 1) This is wasn't a high probability trade. The spinning tops which you seen on your 1H were only turning the short term trade from up to neutral not ...

4 Hour Strategy (MACD)

Good Morning Everone, I've been away the past few days with work - hence the lack of posts, sorry! Right I took a similar trade to orange which I will explain in my next post. EUR/USD: For me this pair is still 100% unsure about where it wants to ...

4 Hour Strategy (MACD)

Good Morning, All the information and rules on this strategy can be found on the 1st page: url Please download and work your way through the pdf files before entering into any market pair. Once you have worked through them, please ask an questions ...

4 Hour Strategy (MACD)

Yuyudada, The SL should be outside the signal candle - I.e. in this example the spinner which he has entered on has a high of 1.5461. By placing the stop just a little above that high which also includes your spread ensures that if you are correct, ...

4 Hour Strategy (MACD)

David, my stop lose is decided from risk management - I tend not to risk any more than 3% of my total capital which worked out to be around the 2920 area. Due to the large nature of the candle I could only afford to put it there instead of above the ...

4 Hour Strategy (MACD)