- Search Metals Mine
- fxnoob08 replied Apr 30, 2009
supposes i didn't have e/u chart up though, how would you rate my analysis. and would you short based on the bearish engulfing pattern alone.
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 30, 2009
thanks for the input. this thread is great and is an amazing learning experience for me after blowing 4 accounts and a few thousand dollars. would you please give me your input on my analysis of the usd/chf pair below: image
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 28, 2009
at one point i have to evolve past that though how will only taking CT improve my all around trading and mastery of this method.
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 28, 2009
really appreciate the replies. and not looking to give you a hard time
but i'm not looking for early entries. Per the 4H method, is there anyone here that would not have taken this trade. and how do you avoid falling for a round top that ends up ...4 Hour Strategy (MACD)
- fxnoob08 replied Apr 28, 2009
thanks for the reply. then additions have been made to this method? no where in his PDF does he mention we need to pay attention to the 1hr. the MA's all seem to be in order for it to go down. are you saying you would not have gone short?
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 28, 2009
^^^thanks for that reply, i apreciate it and makes this alot more clear. i am really trying to get the hang of this method. however one thing worries me. i've attached a chart below. phil or anyone else please give me your input on the following. ...
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 28, 2009
someone please give me your input, i must be missing something from the 4hr macd strategy url
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 28, 2009
i've gone over the exercises and pdf, and quite a few pages of this thread. 1)I still have a hard time making any pips with the zero line crosses, they often turn back on me as soon as I enter 2)agressive reversals, often end up turning on me as ...
4 Hour Strategy (MACD)
- fxnoob08 replied Apr 23, 2009
you're not being rude. thanks for all of the advice it's apreciated
. it's not that. i've been trading forex for almost a year. I've read the book. just trying to get a general idea on the potential of this system when executed correctly.4 Hour Strategy (MACD)
- fxnoob08 replied Apr 23, 2009
I've been reading a few pages and i hope this doesn't offend anyone or causes anyone to lash out at me
but how profitable is this system on average weekly? in terms of pips.... and how many hours a week do you spend trading this system. any input ...4 Hour Strategy (MACD)
- fxnoob08 replied Apr 23, 2009
took a short IB yesterday of usd/chf got stopped out almost as soon as i entered. this method hasn't done so well for me the past couple of days. barely any breakouts of IB in the right direction. what pairs are you guys trading with this method? to ...
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 22, 2009
once you identify an IB and put in your order but a breakout does not happen in the bar that immediately follows. do you guys cancel your orders or just wait for it to get hit, even if its a couple bar later?
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
it's actually pretty easy to hit 1:1, it get's there pretty fast (but you have to settle for 20-30 pips which is usually the range of Inside bars) as soon as the IB is broken, the problem is if you want to go for the free ride, the backbone of this ...
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
yes it's a live account. great post it's all clear now. The thing is i had been doing great just exiting ALL of my positions after initial investment was covered. so if i risked 20 pips in two lots, i would exit the two lots when i got my 20 pips. i ...
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
have you guys tried trading dibs on the daily TF? what close would i be looking at for that? last week's close or last month's close?
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
so in essence, as soon as you enter a trade your risk reward ration is 2:1 and we are counting on a free ride to make up most of our wins? today i went short on the usd/jpy. my stop loss was 25 pips, it reversed before i could exit 1 lot, it was up ...
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
im not sure i follow you. i know you let the second lot run for a free ride after initial risked pip is attained. but if the inside bar has a range of 20 pips and you go short 2 lots(so you can exit and let the other run) then you are risking ...
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
hmm thanks for the reply. so what you are saying is if my stop loss is 20 pips and i have open the trades with to lots, then i take my first profit when i hit 40 pips profits. 40/2 = 20 1:1 RR then just the let rest ride. otherwise, if you exit half ...
The DIBS Method... No Free Lunch continues
- fxnoob08 replied Apr 21, 2009
risk reward ration question: maybe I'm missing something but if you go long 2 lots at say 1.2550. SL at 1.2525 and exit half of your position at TP 1.5075 how is that 1:1???? you exit for a 25 pip profit and get stopped out at breakeven if it goes ...
The DIBS Method... No Free Lunch continues