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- davidwu61 replied Feb 28, 2013
Hi Everyone, my name is David, new for this thread. I had some questions for the current chart pattern; hopefully, expert traders of this thread can help me a little bit. The GBPUSD pair is now below the lower bound of the daily TMA channel, by my ...
- davidwu61 replied May 24, 2012
need suggestions Is the following a good trade for short position ? Does the TMA SLope looks OK? Thanks image
- davidwu61 replied Jan 10, 2012
Hi Jason, Does the candles in this chart looks right to you ? FXCM MT4 Version 4 Build 409 image David Wu
- davidwu61 replied Sep 7, 2011
Feels like audusd is going to make some major move after 6:30pm (pacific time) AUD news. Double bottoms forms on MA89, neckline has been broken already. If the news turns out to be negative, I figure AUDUSD will fill the gap and then move downward; ...
- davidwu61 replied Sep 1, 2011
Attached two charts with MACD diversion pattern. There is a long term MACD which approximate the daily MACD. The ADX shows the bullish atmosphere. Please note the difference in the indicators for the succsesful diversion pattern and the one you ...
- davidwu61 replied Aug 15, 2011
image My indicators include a (30, 78, 6) MACD and "Waddah Attar ADXBollinger", both show flat, I would avoid trading when that happen because the direction and momentum are not clear for me. Breakout this morning is due to the news, so we can not ...
- davidwu61 replied Jul 27, 2011
image My trade last night. Reason for short: 1. Congestion formed near MA 21(4H). 2. MACD (30, 78, 9) is in negative zone and lack of positive momentum. 3. Stochastic shows overbought and starts turning downward. 4. MACD(5,13,1) shows downward ...
- davidwu61 replied Nov 7, 2010
Here is my test report for GBPUSD and the parameters used for this EA. 10 years period from 2000 - 2010. TF: Daily image file The EURUSD (see 2 posts above) reward rate seems to be low, but can be increased by setting the risk level of the EA t0 ...
- davidwu61 replied Nov 6, 2010
An impressive EA implementation of the H4 MACD system. I did some minor change. Run the backward test from 1999 to 2010, got average 7% growth per yr and the draw down is very low. configuration of the EA is in the zip file image file file ...
- davidwu61 replied Jun 22, 2010
USDCHF TC confirmed, as of now it has broken the H1 Channel. There are about 80 pips from here to the H4 Channel boundary. image image
- davidwu61 replied Jun 3, 2010
I have made roughly 60 pips (demo) using M15 entry based on MACD H4. The whole process took about 3 hr of time around the London open. This is the first time I formally using my new chart layout, I may be just getting lucky. Pairs traded last night: ...
- davidwu61 replied Jun 3, 2010
M15 Entry using MTF MACD H4 System — This is Phil's H4 MACD system, but I have combined MTF info into one M15 chart, as I explained in a previous post.. All moving averages and MACD for different time frames appear in one M15 chart. Red dashed ...
- davidwu61 replied May 27, 2010
For new traders, The system is about trend following and momentum. It is important to make sure there is enough momentum, regardless what the MACD or MA tells you, before entering a trade. ADX is a good indicator for this purpose. The blue shadowed ...
- davidwu61 replied May 12, 2010
Its better to check other time frame for support and resistence. In this case, the price has reached 200 sma and channel trend line on H1 chart. Its better to use H4 as guidance and use lower time frame to look for actual entrance point and timing. ...
- davidwu61 replied Apr 29, 2010
ira, Have you tried using MACD (10,22,1) and Stochastic(8,3,3) to confirm entry timing before ? see below, they seem to give more accurate result. davidwu61 image
- davidwu61 replied Nov 12, 2009
audcad trade — Open: reason: A. 2 DOJI indicate support near 97000. B. MACD turns up C. Stochastic gives buy signal D. price hold above 89 SMA Target Price: near the top horizontal red line ___________________________________________________ ...
- davidwu61 replied Nov 5, 2009
My AUDCAD trade — I did a trade (demo) on AUDCAD last night and have some question about it; your comments will be appreciated. Q1: Shoud I place the 0.0 Fib line on 0.95520 (tail end of the hammer) ? Q2: This is a short trade; and my reason ...
- davidwu61 replied Jul 2, 2009
GBPAUD breaks out of neck line — GBPAUD just breaks out image
- davidwu61 replied Jun 30, 2009
US dollar is rising across the board, not sure why ? I would like to see buy signal on MACD and long term stochastic before entering long position. image David
- davidwu61 replied Jun 30, 2009
It looks like there is a change for long position. My thought is that you may have entered too early and may face another down cycle before price go up. Reason: (USA pacific time) 1. My observation is that market volume will not pick up until 5pm, ...