V top on EUR/USD — Good Evening all, So i've been away for a few days - just an update of a trade a took this morning. I was in 2 minds whether to take this trade, as the the price action was right around the 8EMA at the point of entry. What ...

4 Hour Strategy (MACD)

The 1H trades should only be taken by experienced traders of the system, they can be found here: url my entries were based on the 4H but will post them in a short while cheers WG

4 Hour Strategy (MACD)

Sorry DayFX, I mist this question. I'm sure Palmer wont mind me jumping in here, what he means by this is that the MACD is the trigger. So think of it as a fire button on a tank, you have to 1st move the tank into position, load the gun, aim and ...

4 Hour Strategy (MACD)

Welcome dayTraderFX, I know me and Palmer trade the system full time, all not exclusive 4H entries. We both may take 1H signals & refine them using the 5M. I would not advise this until you you develop the knowledge and experienced around how the ...

4 Hour Strategy (MACD)

Morning Fella, After my nightmare trade Friday afternoon (selling .4753 - we won't talk about that) I believe the both EUR & GBP are in a large box range where alot of big players are entering / exiting the market. This would explain the lack of ...

4 Hour Strategy (MACD)

Not sure what you are asking here Exciter? The indicators on this thread are for metatrader: url If you are asking about your entry please specify what it is you want to know. cheers WG

4 Hour Strategy (MACD)

Good Morning All, After seeing the size of the gap which has formed on both EUR & GBP I'm expect a period of consolidation to allow the 8EMA on the 4H & 1D to catch up. From here we may see some rhythm & resistance develop to the downside. For now ...

4 Hour Strategy (MACD)

You might want to look here: url with the 3 outside up shown here: url you should look at buying this book which will help you no end: url there is a online version on google somewhere. cheers WG

4 Hour Strategy (MACD)

US Bailout — Does anyone know when they are due to announce the plan?

EURUSD

I agree with your thoughts, I believe this is a period of consolidation. Like I said before I will be looking for a TC on the 1H with the Target Profit (TP) area around 1.33 / 34 WG

4 Hour Strategy (MACD)

Mate i'm I being complete blind?! What gap? on what time frame? Cheers WG

4 Hour Strategy (MACD)

Orange, Thanks - I have decided to take my profit at this level. Closed out at 1.3075. The reason for this is the aggression which the market has pulled away from the 8EMA & 89. The speed of this move means that there should be some sort of ...

4 Hour Strategy (MACD)

TC on EUR/USD 4H — Good morning everyone, Hope you all had a good weekend, my grandad pasted away on Friday night so mine wasn't the best. Anyways onto the trade floor. I've taken a TC off the 21EMA on the 4H. Entry: 1.2965 SL: 1.2747 TP: 1st ...

4 Hour Strategy (MACD)

EUR/USD TC — Evening everyone, I have decided to pass on the EUR/USD TC which has just developed. Reasons being the head & shoulders is still holding in. I will wait for a confirmation on the 1H before entering. As you can see from the chart ...

4 Hour Strategy (MACD)

TP on GBP trade 05/02/2009 — Evening BenStevo, I obtained the TP from a few things, the bull flag being 1, an old trend line & the daily pivot (R2) Do you have the pivot indicator? If not I PM you the link. You can also see from the chart I ...

4 Hour Strategy (MACD)

Closed @ 1.4662 + 150pips

4 Hour Strategy (MACD)

TC on GBP/USD 4H — Managed to find time to do a quick screen shot. The strength of the 4H candle enforced this trade. Please seen the screen shot attached. There are quite a few lines on the chart but hopefully you people can see the rhythm ...

4 Hour Strategy (MACD)

Morning All, Its been a week of none trades for myself - I've just taken the TC on the GBP/USD Entry: 1.4512 TP: 1.4682 SL: 1.4410 I will try and post a picture in a bit - candle formation was a strong bullish engulfing pattern which engulfed the ...

4 Hour Strategy (MACD)

I'm sure Palmer will not mind me answering this one for you. Basically you have jumped the gun slightly. You entered when momentum was low & during a point of consolidation. A key indicator for identifying this are the EMA's - when they are angled & ...

4 Hour Strategy (MACD)

Not many people use the 5min as this can sometimes draw you too much into price action. If you are just starting out - start off with 4H entries only. As you feel more confident about holding positions use the 1H. Personally I would stay away from ...

4 Hour Strategy (MACD)