EUR/GBP — Hi ira & Xaron, Beware of the long wick. I traded this pair twice. Both trades ended up BE becaouse of those long tails. Good luck to you.

4 Hour Strategy (MACD)

Too quick to trade ! — The price action today is too quick to follow by 4hr. I tried breakout trade for the first time with USD/JPY today. Quick 30 pips profit. I have been observing the price action of AUD/USD. Look at beatiful RTs and RBs. ...

4 Hour Strategy (MACD)

EUR/JPY — Hi Nacho and Tamkras, If I were to short this pair, the target would be 162.42,which is the previous resistance. But I feel more relaxed to go long from this support line since 26 April. Using 1 hr method would help to go long. This ...

4 Hour Strategy (MACD)

Great observation ! — Congrats on your win ! I installed MT4 +2 demo account and will watch out for possible trade every 2 hours !

4 Hour Strategy (MACD)

candle close — Hi all, If my candle were to close GMT +2 like ira, weghio and smnitro, I would have jumped in to go long EUR/USD or GBP/USD....... Now it is wise to stay sidelined like nacho says. Good luck everybody.

4 Hour Strategy (MACD)

EUR/USD — Hi ira, Did you take this signal ? My impression is that the market is not yet ready to decide next move. I will wait till 16GMT when my candle closes. ps: Hi weghio, Great stuff ! Whenever you find signal on this pair, USD/CAD, ...

4 Hour Strategy (MACD)

EUR/GBP — Hi wegio, Ya, seems like a valid TC. I have one trendline Resistance drawn from July 2006. Another one drawn from March 21st this year. The attached is a daily chart. If you wait for retracement to go long, R/R will be improved. ps: ...

4 Hour Strategy (MACD)

Thanks Phillip. That wicked tail hit the trendline and retreated, I can now see clearly. I used to draw trendlines ignoring tail. From now, I draw them from the tip of wick.

4 Hour Strategy (MACD)

Tail is the sign of true direction — Hi all, I remembered that Phillip once wrote about this tail expected at strong s/r line. I should have expected this s/l hunting. See the close of the candle is nicely back above 89sma. After confirming ...

4 Hour Strategy (MACD)

GBP/USD — Hi all, When MACD gave a RB at 4 GMT on GBP/USD, it was a beatiful one. 1 hr did not show TC. It was very tempting. I took it, and my s/l was blown out ! After a sharp drop, it was a consolidation time. A lot of tension was expected ...

4 Hour Strategy (MACD)

Hi Josh, We might have missed good chances today...like the one I missed..., but there will be many waiting for us soon. Let us be better traders !

4 Hour Strategy (MACD)

To Tamkras — Hi Tamakras, You gave us early warning on USD/JPY. Breaking the "shield" requires immence energy. So I should have prepared. The energy came after very quite asian session out of the blue. It was a suprise hike. I was not ...

4 Hour Strategy (MACD)

Lower High — Hi RickyPluto, We better look for Higher Low/Lower High too. I missed this one (EUR/USD) yesterday. Its relatively smallish first top (MACD reading -10.6), but we are above 89, candle closed above 21ema. Should have taken it. I ...

4 Hour Strategy (MACD)

Hi pips, Thank you for your detailed explanation on your own trade. Big s/l amount when shorting these Yen crosses always freighten me still. I envy your courage really. See the backtest result... Hipothesis: While USD/JPY and Yen Crosses (EUR/JPY, ...

4 Hour Strategy (MACD)

EUR/JPY — Triangle formation is being made for EUR/JPY. USD/JPY could not break 119 so far, leaving long tail pointing upward. Quick price action is expected when Tokyo market opens at 0 GMT tommorow. Better switch to 1hr mode to prepare for ...

4 Hour Strategy (MACD)

Hi Phillip, From your attached chart, s/l is just above 89sma on 1hr. After confirming the failure to test 89, s/l is enough at above 89 ? Originally, s/l level should be above two candles before. In this fast moving pair, s/l is often too big to ...

4 Hour Strategy (MACD)

Hi pips, Great work ! Since your earlier post on GBP/JPY, I was watchig this pair's action since Tokyo open today. When 4h MACD gave short signal at the close of 0GMT candle, it was just sitting on 21ema. I felt rather risky to go short from here as ...

4 Hour Strategy (MACD)

EUR/GBP — Hi Josh EUR/GBP RT confirmed at 4GMT. Although it was a small RT, I saw GBP/USD broke recent resistance at 2.0035. I jumped in to take short. Let's see till 21. Thank you for your information. Good trade ahead.

4 Hour Strategy (MACD)

Hi ignacio, Phillip explains his stoploss amount at page 15 of his first PDF file. If the last candle is too long, it means price action is rather volatile. It might reach your target finally only after going deep in the opposite direction first to ...

4 Hour Strategy (MACD)

EUR/JPY — Hi Ignacio, If the current candle closes above 21, your stop loss will be over 100pips. R/R OK with you ? Be aware !

4 Hour Strategy (MACD)