Yes Simon, but he was using a monthly chart, so there's still plenty of room for ups and downs, even if the overall turn coming next is downward... It could easily shoot up and down a few hundred pips here and there...

4 Hour Strategy (MACD)

EURGBP short? — So, by midnight tonight maybe I'll go short on EURGBP. RT seems to be forming, CCI says overbought, and it's right at the 61.8 golden fib line. To top it off, see the purple line on the attached chart--three previous support ...

4 Hour Strategy (MACD)

Good luck with this Simon... I agree with the positive signals (higher lows, macd/rsi/cci divergence, etc.), but it's still in a pretty strong downtrend, and the 1HR chart shows a short-term downtrend that doesn't look like it's going to be ...

4 Hour Strategy (MACD)

Got stopped out by 1 pip and 5 pips, respectively, on my GBPUSD and EURGBP trades, which would have turned a nice 30 or 40 pip profit (and counting). *Calming down, saying to myself, "move on"....* Anyway, nice RB on USDJPY right now, about to ...

4 Hour Strategy (MACD)

Going long on EUR/JPY. I'm being a bit impatient and entering now, because 1-hr confirms a round bottom, and a 4-hr looks pretty sure of a zero bounce back up (or close to it), and we're at the bottom of a trendline and right on the 89SMA. So, I'm ...

4 Hour Strategy (MACD)

Signals stronger/weaker in trends...? — This may be an obvious question for most of you, but I want to verify that my logic is right here. So, a double top pattern where the second is a lower high than the first is an indicator of a downward ...

4 Hour Strategy (MACD)

Rob, I see more of a double top (lower high) pattern on the gbp/jpy, but I'm wary because it's in an uptrend. Also, I'm looking for a bounce back up through zero on the u/j, as it's in a current uptrend and the price right now is close to the bottom ...

4 Hour Strategy (MACD)

So to verify (as Rick did), If bar 0 is the rightmost bar, bar 1 is to the left of bar 0, and bar 2 is to the left of bar 1, then an arrow under bar 2 is never repainted, correct? However, as you said above, an arrow at bar 1 can change depending on ...

The Simple System

Reread the first post.

The Simple System

Thank you WTB, it makes perfect sense now... just had to go back and look at the chart!

Follow the trend!

Sorry for the multiple posts guys. A question: For mid-to-long-term trend trading (say, a week to month timeframe based on daily charts), how big are typical stop losses set to? Should I just follow a typical RR ratio of 3:1 or similar? It seems ...

Follow the trend!

I would rather say that neither method is less or more risky, or less or more profitable, but rather the trader determines the risk and profitibility. Saying that day trading is less risky just seems backwards to me. Trading long term with the trend ...

Day Trading vs. Swing Trading vs. Position Trading

If the past is any indicator for daily charts, then it seems it will work well in the future for daily charts. I just went short on USDJPY, at 118.83, on the down arrow from yesterday or two days ago. We'll see how this first trade goes. I'm already ...

The Simple System

Snobol, thank you for sharing your expertise... I've already put your system to use, and will be using it to see how it performs. I'll let you know the results, and if they're anything like the history shows, it should be fantastic!

The Simple System

Well, I've decided to trade more with the trend than try to get on short-term waves (half of you are saying "duh, you idiot" right now, I realize that). Daily charts I believe.

I hate the USD, and it hates me.

After losing big on a few trades today, I've decided that while I will still do occasional trades on a 4-hr chart, I'm converting to a daily kind of guy. First of all, while I'm not that well capitalized (I've got a few K), I've got enough to set my ...

Follow the trend!

WTB, it seems like the SR lines you posted aren't good examples of SR lines... isn't a good SR line supposed to be actually tested? Your lines have one candle wick touch them, and then they're broken through. Or am I missing something?

Follow the trend!

Thanks for the info... I should have realized that. I've only been doing fx for a month or so, so please forgive my newbness.

NFA Regulation in the US