Huge tail yes. Plus look when you went short. My opinion the usd/jpy is very indecisive right now. Sideways since mid January and now the fake break out. In the case of your trade, maybe a little premature. 21 is still below the 8. I'm waiting for a ...

4 Hour Strategy (MACD)

Yes, I'm done for the week. I was speaking down the road, a few candles (Sunday or Monday), U/J could retrace back to the 200 (already there) and/or 8/21 and then give a clear TC (down). It's kinda like playing pool (planning the next shot). Of ...

4 Hour Strategy (MACD)

I noticed this forming at 3AM EST (s-H-s on the usd/jpy), but it hadn't broke down on the right shoulder. NoW I'm fully awake and it's too late. I would enter if it bounced back up to the neckline for a retracement (maybe to the 200 or back to the ...

4 Hour Strategy (MACD)

Large Candle Entry Spread.zip. ..651.....9760

4 Hour Strategy (MACD)

I believe the consensus on the Eur is that it's trending up, wait for a TC. Can do a CT to the 8 or 21, but the high probability trade is the TC off the 8 or 21. 89 is the target for a long. Anticipated entry points would be the 8 or 21. A ...

4 Hour Strategy (MACD)

There was a weekly update on the thread on entering on a pullback, I'll try to find in tomorrow, but the jest of it is that it's fine and sometimes preferable to enter on a pull back especially on a big bar, where the stop would be too big. Of ...

4 Hour Strategy (MACD)

CHF/JPY — Not condoning a counter trend trade, but if one were inclined and was itching for one, I believe this is a decent one: 1) 25 pips or so to the 8ema 2) R:R reasonable 20 pips risk to stop 98.42, tp around 98.0 3) signal on the MACD 4) ...

4 Hour Strategy (MACD)

Or another way to look at it, if you're a math geek (sorry I'm an engineer by trade) is the Fibo numbers are 1,2,3,5,8,13,21,34,55,89,144,233,377, etc... We use the 8, 21, 200 and 365 based on Phil's methods/experience, but the 365 is near the fibo ...

4 Hour Strategy (MACD)

Kind of messed up in my opinion as well. As you can see from the chart, been trading sideways for quite a while, then a fake out to the high side today. Pair may have broke higher with the equity markets (rally last 3 days or so), which had a big ...

4 Hour Strategy (MACD)

You must have the wrong thread, as we trade on the 4 hr Seriously, on the 4Hr, looks like a possible TC (about 33 pips short, and 3 hrs from my bar closing). Ask me again at 7PM EST.... Finding nice support on the 200SMA (on the 4HR).... Be ...

4 Hour Strategy (MACD)

Now that's a pretty chart.... Study it then Frame it (poster size)

4 Hour Strategy (MACD)

2/12 Daily update written copy — 12Feb2008 Written copy

4 Hour Strategy (MACD)

Not saying it CANNOT happen, however, the expectation for a counter trend trade is a retracement only back to the 8ema (which I have at around 1.1060, about 10 pips below your entry). In order to make your R:R look favorable you've assumed a ...

4 Hour Strategy (MACD)

I'll post the 2/12 written copy tonight or early AM tomorrow (In a two day meeting). Sorry for the delay. Eric

4 Hour Strategy (MACD)

Yes, and he's consistently correct. Even if a bad trade scores a lot of pips, consistently taking trades against the rules will blow out an account. If you have your own set of rules, fine....

4 Hour Strategy (MACD)

Welcome aboard. Sounds like your in the right place with your patience in learning and realistic expectations. You're already miles ahead of most traders with a written plan. While this system will work with 1hr and 1day time frames, most of us ...

4 Hour Strategy (MACD)

Here's another approach to TL's.... with an intermediate one shown, as well as the daily (top nearly horizontal) and the bottom from connecting the lows of last fall. Shows an inflection point brewing. Who will win, bulls or bears.... Moral, wait ...

4 Hour Strategy (MACD)

i'm using v104 of the indicator which has the small number off to the right. please look at some charts i've posted recently. it's nothing i created, the +- .006 is just the unit scale for the macd for example in post11548 there is a "1" 1 pip and ...

4 Hour Strategy (MACD)

Personally, I'm passing on this one. Don't like the 8:00 candle (huge tail in both directions, aka indecision). My bar closes in 12 minutes and looks to be a non-signal

4 Hour Strategy (MACD)

Absolutely. Your short (not sure when your bar closes) looks to be in the rhythm of the market. Nice spinner off the 21 and TC on the MACD. I'd say a little better than 51/49...

4 Hour Strategy (MACD)