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- brettboz replied Jun 9, 2008
On my 4H (GMT+2) charts there have been 3 possible trades today of which I have taken none: GBP/USD - TC long - I didnt take this because the TC came only after one bar pullback on the MACD although it did reach the 8. Also there were 2 trend lines ...
4 Hour Strategy (MACD)
- brettboz replied Jun 6, 2008
See my post above, I took it and then got out. Could have held a bit longer perhaps.... But I have a lovely run of wins and I don't want to upset the balance so I closed while in profit. Shame though this trade was the most technically good looking ...
4 Hour Strategy (MACD)
- brettboz replied Jun 6, 2008
Rules — Today I went against my number 1 rule, DONT TRADE ON NFP DAY. I took the TC on GBP/USD, it was clear as day light and backed up both on 4H and 1H. I have now however closed it with just 2 pips despite the fact that it still looks like ...
4 Hour Strategy (MACD)
- brettboz replied Jun 4, 2008
I really don't like the CT here, I didn't take it for a number of reasons. I also will not take the TC that is currently forming unless it breaks out on the down side. I can't see this happening in the next couple of hours left in my trading day.
4 Hour Strategy (MACD)
- brettboz replied Jun 4, 2008
1 Trade week — Apart from the trade I took on Monday I haven't taken any others this week. I almost count tomorrow and Friday out because of the rates decision and NFP.
4 Hour Strategy (MACD)
- brettboz replied Jun 4, 2008
Yorik, just to back you up I did my own research of my trades and came to similar conclusions, sorry got not graphs etc to post but I worked out my best profit margin came from taking 1:1 risk/reward with stops less than 50 pips and taking 100% on ...
4 Hour Strategy (MACD)
- brettboz replied Jun 3, 2008
My 4H has yet to close and the tail is long but at present a tail on the downside also looks like it might form. Did you take this on candle close or was the candle still forming? Im not taking this but I think it may retrace here perhaps to the ...
4 Hour Strategy (MACD)
- brettboz replied Jun 3, 2008
Yes I'm hoping today and tomorrow give some trades because I will probably sit out on Thursday and Friday due to the data being released.
4 Hour Strategy (MACD)
- brettboz replied Jun 2, 2008
G/U CT — I took a CT on GBP/USD today. On the 4H the MACD had gone into the over sold area and on the 1H we got a close above the very short term trend line down. As the 1H candle closed the news came out and initially pushed price down and at ...
4 Hour Strategy (MACD)
- brettboz replied May 27, 2008
Out of the office — I was out of the office all day and therefore not been trading. However briefly looking at the charts I dont think I have missed anything. I see some people talking about some E/U shorts, I personnaly can't see these trades ...
4 Hour Strategy (MACD)
- brettboz replied May 26, 2008
Hi Philip, I saw this too and decided against taking it because there is a very short term hourly trend line which sits between my projected target and price. Also I am a big dubious taking trades on a day which is holiday in UK and US.
4 Hour Strategy (MACD)
- brettboz replied May 23, 2008
I didn't take this because the stop is too large, I had an order to go long on the retrace back to the point where it made the break, but I have now removed my order as I don't really want to open any trades just before the weekend.
4 Hour Strategy (MACD)
- brettboz replied May 23, 2008
In the end I didn't need the extra caution the trade hit its original TP with no problems. I am still considering the long E/U on a retrace after the TC there but as we are coming into the weekend and I already had a good trade today I am beginning ...
4 Hour Strategy (MACD)
- brettboz replied May 23, 2008
G/U — I took an early entry on G/U on the TC off the 8. This entry was 1 hour before the 4H closed and it looked like it was going to close green off the 8 and it did. I have now closed half the position at 20 pips because its also in ...
4 Hour Strategy (MACD)
- brettboz replied May 21, 2008
Well my target got hit for 41 pips but only had half sized lot. Anyway can't see many more trades forming today (at least in my trading hours).
4 Hour Strategy (MACD)
- brettboz replied May 21, 2008
G/U and E/U — E/U took off far too quick for me again this morning. I had hoped for a pull back after the initial break but this didnt happen and I now feel this is overbought at current levels. It will probably pull back but the CT is very ...
4 Hour Strategy (MACD)
- brettboz replied May 20, 2008
This is moving quick today, it pulled back on the 15min but has shot up again so quick that it doesnt even give 15 min trade ops. There has been a 5 min retrace which could have theoretically been used but there was also a pullback to the 21 on the ...
4 Hour Strategy (MACD)
- brettboz replied May 20, 2008
Hi Yorik, I would like to complicate it further by commenting on the possibility of having proportional trades using platforms like Oanda. Here we can open a trade size we want and close a % we want. So its possible we open the initial trade say ...
4 Hour Strategy (MACD)
- brettboz replied May 20, 2008
Looking into this even more, even if we took the 21 as our base for support and we took the early 1H entry the stop was still too big. This really has moved quite strongly and before London open too, which as I said a few weeks ago seems to happen ...
4 Hour Strategy (MACD)
- brettboz replied May 20, 2008
E/U — E/U has broken the hourly trend line and is forming a TC on the 4H with 1H to go on my platform. The candle is massive though and this pulled back further than I thought and comes off the 89 making the stop even bigger. So I am looking ...
4 Hour Strategy (MACD)