Rongshishong, I'm not sure what you mean when you say there's "no space between the price and the 55EMA". When I bought (and roughly when Snag bought), the price was at 114.98 and the 55EMA was at 117.03, making the difference 203 pips, which is ...

EJ_4H method

Hi Snags, I entered the same long USD/JPY trade you did at 114.98 and am still riding it at the current price of 115.18. USD/JPY took a serious drop and a correction is due. The 5-period stoch was nearing overbought when I went long, but we all know ...

EJ_4H method

Technicals vs. fundamentals for Monday — Ibo, From a sheer technical point of view, it looks like the USD bulls may be in line to take another run at buying up the dollar on Monday. EUR/USD and GBP/USD both show as overbought in the 4H and ...

EJ_4H method

Ibo, Thanks for posting part II of the method and continuing to share your insights with us. I definitely agree that we should strive to keep this thread as EJ_4H-centric as possible since that is why we all tuned in to begin with. If we have ...

EJ_4H method

Hi ForexMike, As far as setting up the charts to look the way Ibo has them, I didn't fiddle with adding this indicator here or that one there, I just overlaid the appropriate template onto my chart. If you added Ibo's indicators and compiled them ...

EJ_4H method

Thanks for your insight, Mike. I think the issue with many of the systems I've seen that require a touch of the slow/fast MAs is that you have given up a significant portion of pips waiting for it to happen. I'm all for being conservative in Forex ...

EJ_4H method

I keep thinking about the higher time frames too. I can see direct benefit in trading the daily at least. but what stops me is the kinds of stop loss and trade management needed for these time frame. I expect you would need some pretty big ...

EJ_4H method

Ibo, Sounds good. We'll look forward to your next installment. Regards, Ian

EJ_4H method

when to trade against 55 SMA — Hi Ibo, Thanks so much for being generous with both your trading method and your willingness to help us all learn more about it. It looks very intriguing, to say the least. I did have one big question for you. In ...

EJ_4H method

Sashazz, I agree with you. I think the Vegas Wealth Builder system has some serious merit, but I found the interpretation of reversal candles, the use of multiple Fib levels based on currency pair and some other items left far too much to the ...

EJ_4H method

Anyone looking at going short EUR/USD? — Sashazz, Based on my limited knowledge of Ibo's 4hr method, it looks like your GBPUSD trade was valid, so only time will tell if it was a good trade or not. We're getting some whipsawing right now, but ...

EJ_4H method

MrMikal, Thanks for the great comments and insight. I definitely wasn't aware that the commissions were on each side of the trade, so that's definitely something worth taking into consideration. I just checked out HotSpot's trading platform and ...

ECN Brokers - Need your input

CMS Blows — Ditto. Like today, for instance. I got disconnected no less than 4 times, right around the FOMC news release, so I couldn't do any channel breakout trading on the news even if I wanted to. CMS has a very cool charting application ...

VTTrader: Cms

I got stopped out on the Ozzie as well. Ouch...

VWVB Daily Chart Analysis

The cell service is pretty poor here and what with Bernanke's Mad-Dog 20/20 induced slurred speech, I couldn't make out if he said interest rates were going to "soar like a comet" or "need to find a bathroom and vomit". : Strange guy, that ...

VWVB Daily Chart Analysis

He's probably just sobering up from his all-night FOMC rave party by now... Let me see if I've got his cell...

VWVB Daily Chart Analysis

I can see both sides to the argument about going long or short. I'm actually still waiting, but may jump in soon. My rationale for going long is as follows: 1) the 25 bp rate hike is already priced in 2) AUD has been seriously shorted for some time ...

VWVB Daily Chart Analysis

AUD/USD is saying "I've hit my bottom"... — AUD/USD looks like it may be heading North with a very distinct hammer marking the bottom of its extended downmove and the beginnings of a solid bullish daily candle. Anyone thinking of ...

VWVB Daily Chart Analysis

You got me. I was thinking football rather than hockey. I guess I'm just mourning Forsberg's departure... Sniff, sniff... I have a couple of buddies down here who are Canadian so I'll let you know how they fare with your trivia question... Let's ...

VWVB Daily Chart Analysis