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Winston Reed replied Sep 28, 2011Just wondering for you traders that take countertrend trades. What gives you confidence to do so?
4 Hour Strategy (MACD)
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Winston Reed replied Sep 28, 2011I think at this point I am waiting for the break and close above the 89 or perhaps another bounce off the 21 ema with MACD confirmation. Same for short but need close below the 21 ema with no barriers. Seems could go either way.
4 Hour Strategy (MACD)
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Winston Reed replied Sep 27, 2011Chart for above post — Here is chart for above post
4 Hour Strategy (MACD)
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Winston Reed replied Sep 27, 2011More upside? — I collected 55 pips on the move up. Price has moved through the 8 and the 21 and looks to be retesting the 8 and 21 MAs for a possible move up again. The MACD looks like a rounded top but I'm favoring a TC to the upside. But I ...
4 Hour Strategy (MACD)
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Winston Reed replied Sep 26, 2011Thanks Edonya. Yes I am following after coming across this strategy a couple weeks ago. I missed the pinbar and follow through. My charts showing 2 4 hourpinbars in a row but the 21 ema and the 1.3500 blocking the way. Does Phillip Nell still post?
4 Hour Strategy (MACD)
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Winston Reed replied Sep 26, 2011eurusd 4hour — I'm waiting for close above the 21 ema. MACD looks favorable for a long. Also the 1.3500 acting as resistance. Any thoughts?
4 Hour Strategy (MACD)
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Winston Reed replied Sep 21, 2011I am trading the method. E/U choppy so currently looking at G/U and USD/CHF.
How to use the 123 strategy effectively
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Winston Reed replied Sep 15, 2011Read the whole thread. Paulus style is amazing. Started trading. +32 on e/u yesterday then -33 this am on news spike. I plan to post. I like the method.
How to use the 123 strategy effectively
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Winston Reed replied Sep 9, 2011Thanks to this thread and its contributors. — Just want to pay my respects to all the great traders who started and have made this the great thread that it is. Redsword, Orbital, Kenny, Inmyante and many more. I stumbled on this thread after ...
Price is everything
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Winston Reed replied Sep 9, 2011Agree green trader. Sitting on my hands but I am short USDCAD.
Price is everything
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Winston Reed replied Sep 8, 2011EURGBP 4H Chart long? — What do you all think about this?
Price is everything
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Winston Reed replied Sep 8, 2011gbpusd 1 hour chart — On this 1 hour chart of the g/u you can see those areas of supply you mentioned on the 15 min chart now seem unimportant. The area it is at right now is a demand area. Just look to the left at those big bullish candles. I ...
Price is everything
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Winston Reed replied Sep 8, 2011Let me explain in a different way. You should identify zones on higher time frames. Even starting with the weekly and moving down. This way you are more likely to identify the significant zones. Use the lower time frames for entry.
Price is everything
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Winston Reed replied Sep 8, 2011We must look at these zones in context of the overall picture. The bigger trend is to the downside so overall supply has been consistently overwhelming demand. Those areas of "supply" you have highlighted as price has been falling are just ...
Price is everything
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Winston Reed replied Sep 8, 2011Spiking the zone — Green trader, The first time price revisits a zone is the best time to take the trade. It doesn't mean you can't take another trade on the 2nd and 3rd revisit of that zone. But every time it does revisit, supply or demand is ...
Price is everything
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Winston Reed replied Sep 8, 2011opening the trade — Getting into the trade is a matter of personal preference. I know some who use limit orders as soon as price enters the zone. I like to wait for price to enter the zone then watch price action as it exits the zone. I tend ...
Price is everything
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Winston Reed replied Sep 8, 2011Hey green trader. I took a short for 40 pips at that supply zone and now long.
Price is everything
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Winston Reed replied Sep 8, 2011Sorry wrong chart. This is right chart for above post.
Price is everything