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welshguy2000 replied Jun 1, 2009Afternoon all Just gone long on the EUR/USD as price action is showing strong bullish momentum, reasons for the trade are as follows.: 1) Extremely aggressive close of a bullish belt holding candle on the 4H above a lot of previous resistance. 2) ...
EURUSD
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welshguy2000 replied Jun 1, 2009Thats a good point, I've noticed that my fib level might be incorrect!!
I'm going to check this and get back to you. Cheers wg4 Hour Strategy (MACD)
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welshguy2000 replied Jun 1, 2009TC on EUR/USD — Morning all Just gone long on the EUR/USD as price action is showing strong bullish momentum, reasons for the trade are as follows.: 1) Extremely aggressive close of a bullish belt holding candle on the 4H above a lot of ...
4 Hour Strategy (MACD)
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welshguy2000 replied May 31, 2009Friday seen some really good trading opportunities, I was unfortunately unable to trade which is quite annoying. If i had been able to trade, I think I would have taken the TC on the GBP as the daily showed more potential & momentum. I will be ...
4 Hour Strategy (MACD)
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welshguy2000 replied May 30, 2009lsubeano, you are risking far to much with your system, no system should have a drawdown period of almost 90%! FOREX is not a get rich quick scheme. If it were that easy everyone would do it, it requires time, patients and dedication! You should ...
Your Account Stories
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welshguy2000 replied May 28, 2009I came out of this trade due to the nature of the aggressive move up Exit just short of my target 1.6006 + 89 pips will post the video review later tonight Cheers WG
4 Hour Strategy (MACD)
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welshguy2000 replied May 28, 2009Entry @ 1.5917 TP: 1.6020 (zone) Sl: 1.5725 Soon as this candle closes we are about to take off!
Cable Update (GBPUSD)
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welshguy2000 replied May 28, 2009TC on GBP/USD — Right i've decided to a long on the GBP/USD as price action is showing continued upward momentum. Here are the reasons why I have taken the trade: 1) Dragonfly doji followed by hammer candle formation close on the 4H which ...
4 Hour Strategy (MACD)
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welshguy2000 replied May 28, 2009View review of CT EUR/USD — As a few of you may know I trade the popular 4H MACD system here. I have just uploaded the video review of the trade I did on the EUR/USD 22nd of May. Have a look carefully as it outlines many key points with ...
EURUSD
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welshguy2000 replied May 28, 2009U've just uploaded the video review of the trade I did on the EUR/USD 22nd of May. Please study the video carefully as it outlines many key points with counter trend trading, how to notice when you are wrong and what to do about it. video Please ...
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welshguy2000 replied May 28, 2009Video review of CT (22/05/2009) — Afternoon all, I have now uploaded the review to the counter trend trade I did on the 22nd, please study it carefully as there are a few key points about counter trend trading and taking CT signals. As usual ...
4 Hour Strategy (MACD)
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welshguy2000 replied May 27, 2009I've got my eyes on this - I want to see a close above that fib level 1.6043! We haven't seen any form of retrace of this past strong move higher, so I just want to confirm that this 38.2 fib line isn't the turning point!
Awesome analysis ...4 Hour Strategy (MACD)
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welshguy2000 replied May 27, 2009Completely agree, its not about others and what they are doing! you have to have confidence in what your doing and your ability... If you dont then when things start going against you - you have no reason to hold the trade and you will exit ...
EURUSD
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welshguy2000 replied May 27, 2009be careful the 5min chart has now put in a higher high! I class this period as consolidation so will be standing aside for a while
Cheers WGEURUSD
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welshguy2000 replied May 26, 2009Closed this trade today @ 1.3905 after the 5M chart placed a higher high. + 43 pips NOT my best trade as stated before this was counter trend and took on alot more risk. Will explain all in the video review which I will post tomorrow. Cheers WG
4 Hour Strategy (MACD)
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welshguy2000 replied May 26, 2009Video tutorials of metaTrader — I thought it would be a good idea to start putting some of these tips on video tutorials for beginners & people who are not confident with computers. Please feel free to comment / suggest what I could cover ...
MT4 navigational tips and techniques
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welshguy2000 replied May 26, 2009Completely agree with you. Lesson 2 is only meant to outline the basic system: video Stop losses and Target Profits together with market rhythm and emotion will be covered in the next couple of lessons which will hopefully explain alot better with ...
4 Hour Strategy (MACD)
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welshguy2000 replied May 25, 2009I'd expect a bigger correct than 3900, maybe a pull back tot he 21EMA / 1.3855 region. Depends how much downward momentum gathers. Waiting for the next 4H close to confirm this
Cheers WGdaily analysis EURUSD
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welshguy2000 replied May 25, 2009I've uploaded the lesson 2 which outlines the basic system I use. Please see: video If you have any questions / comments please post them on youtube to keep this thread clean. Cheers WG
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