Ryan, I greatly appreciate your help, thank you! I am not certain what was wrong with the set-ups in the trades I took (EURUSD and USDJPY), other than maybe setting my stop loss too close. I really want to study the EURUSD trade I made. I know part ...

4 Hour Strategy (MACD)

Got my ass kicked today, but I need to learn from it (that is all that matters, it is that I learn): I watched the EURUSD attemp to go long before I went to bed. I have missed a lot of trades while sleeping, so in this case I set a Limit Order on ...

4 Hour Strategy (MACD)

Ah! Light bulb goes off. Do you normally take anything off the table (25 pips on 1/2, move stop loss to break even)? What do you look for to get out of a trade? A trailing stop (which I cannot use in Oanda)? Thank you!

4 Hour Strategy (MACD)

Ryan, I have to ask if why you did not take the USDJPY short on 1/4/2008 12:00 (+2 GMT). Was it due to the Non-Farm news? Was there something setting up there you did not like? Did you take it, and you are still holding?

4 Hour Strategy (MACD)

Rough week?I took off between Christmas and New Years Day. I did read the forum, and I believe there was a good trade on 12/31 I slept through.I studied some candle stick formations over the break, and worked on physchology a lot (NLP study was very ...

4 Hour Strategy (MACD)

I am excited for 2008. I have gone back and back tested my previous trades, to see where I went right, where I went wrong, and where I just got plan lucky. I have been studying Japanese candlestick formations. I see the Evening star on the EURUSD ...

4 Hour Strategy (MACD)

Phillip, I would glady copy and paste it to your first post, if I was able to modify the first post. I don't want to be bossy. I just felt it might help in answering the repetitive questions you receive on this thread.

4 Hour Strategy (MACD)

I decided to talk off the holiday weeks, to sit and study the past threads and the market. I have Steve Nison's book on hold at the library, hopefully it will be in my hands very soon. I was unaware of the 3 bar set up that Phillip refered to as the ...

4 Hour Strategy (MACD)

Sleep killed me last night (ugh, late phone call). Took the first trade I saw today. A TC long on the USDJPY. Got in at 113.19 (with spread). Stop loss at 112.95 (previous bar low). Target profit at 113.35 (below previous resistence, so if I am away ...

4 Hour Strategy (MACD)

My only complaint with Oanda is that it does not have a trailing stop.

4 Hour Strategy (MACD)

Thank you for the kind words Ryan. I want to follow Phillips rules to a T, but I also know December is a tough month (or at least that is what I am told) to trend trade. So when I see something setting up that looks good, I take it as conservatively ...

4 Hour Strategy (MACD)

When the US Markets opened and the EURUSD did not move at all, I chickened out on the EURUSD and moved my Target Profit up to only make 5 pips. Well I made my 5 pips, LMAO. HORRIBLE work on my part. Okay, I got my rear out of bed at 3:30 AM and ...

4 Hour Strategy (MACD)

Pips4, if you don't watch out, you might become my favorite poster on this entire forum. I can count on a great response from you. On the EURUSD trade I made, I put in a typo. I meant to say I expected the pair to go to the 365 MA. Got ahead of ...

4 Hour Strategy (MACD)

Thoughts on today... I got lucky, I scalped the EURUSD for 13 pips. Once the EURUSD passed its previous resistence, I thought with the US housing report that it might take off to the 89 MA. It did not do as I expected and it came down to my stop ...

4 Hour Strategy (MACD)

Thank you for your kind words Frick. I woke-up, saw I got stopped out, and thought "well, I followed my rules, I am not upset with losing, it happens". Thanks to Phillip to explaining where I went wrong with not waiting for the next bar to retrace ...

4 Hour Strategy (MACD)

Thank you Eric. I decided to hold off as well, and I will check again in 4 hours.

4 Hour Strategy (MACD)

I am following the USDJPY as well. Looks to be a good TC setting up. My next 4 hour bar closes in 43 minutes. Right now I need 10 pips to get a green bar. Would you take this trade without a green MACD bar, or would you wait another 4 hours, or look ...

4 Hour Strategy (MACD)

I considered riding the GBPUSD up to the 21, and then looking for a MACD signal to TC short. But being new and getting burned this morning, I chickened out. Now I regret it, because in 30 minutes I could have made up what I lost this morning. Oh ...

4 Hour Strategy (MACD)

Did not take it due to MACD divergence. This bear may still have legs. But we may have a Bullish MACD divergence setting up on the GBPUSD. I will follow this pair this afternoon.

4 Hour Strategy (MACD)

Pin bar forming on the 4H USDCAD. Do I scalp long to make up for previous losses, or do I sit and watch. Hmmmm. The 4H 89 MA is at 1.0060 the 1H 365 MA is at 1.0042. I would set my stop loss to 1.0039 and set the Target Price to 1.0090 where the 1H ...

4 Hour Strategy (MACD)