Thanks for reply.
Have you got link to prove that setting?
In his weekly anticipation Phil used 10,22 MACD...
Have you got link to prove that setting?
In his weekly anticipation Phil used 10,22 MACD...
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DislikedThanks for reply.
Have you got link to prove that setting?
In his weekly anticipation Phil used 10,22 MACD...Ignored
Disliked10 22 1 was used for a 5 minute strategy he made.....for the daily its still 5 13 1Ignored
Dislikedhi ybeidas,
you have been around for quite some time, longer than me, you have seen that before. It does make sense using 10,22,1 for the 5min strategy- since the need for cutting down the noises, having a smother indication from the Macd, avoiding false signal.-But why did he used that setting on the 4hrs strategy?- At the same time, I don't remember him referring to 10,22,1 while doing is analysis on the weekly anticipation. !?!
for my part, I always used 5,13,1 for the 4hrs macd strategy- except once in a while. as I said before. I am...Ignored
Dislikedyou are right he used 10 22 1 for the 5 min to make it smoother, but he never used it for signals on the 5 min either only for divergence, and keep in mind the 5 minute strategy is NOT part of the 4hr strategy but part of a combo box of strategies that were not on ff. He also had another 5 minute strategy which is on ff.
The RSI was not part of the 5 min but part of the 15 minute combo box strategy. Which again has nothing to do with the 4 hr macd system.
Oh boy, hope that all made sense, i hope i didn't confuse anyone, except myself lol....Ignored
DislikedOn the daily chart in EURUSD, there is an evidence of a Head and Shoulders formation. A projection from the neckline would give a nice 400 pips down from the breakout, so EURUSD, later, having a reading price of 1.29 would not be a surprise.-my guess.
have a nice day,Ignored
Remain in the Spirit of the System
Thanks to everyone for your comments and contributions!
I love your points of argument. It is very encouraging. When you have some points to argue about, it is a good sign that you are learning well and coming up fast and definitely you are going to meet and embrace the truth very shortly. It is a sort of transformation process that is going on in your lives. It happens to everyone.
When a new idea or thought or revelation comes to us, we might not know what it is pointing at for the moment. But as we reconsider it and meditate upon it, after a short while, it will begin to make meaning to us and we begin to appreciate it until we begin to work in it and dine with it and manifest it. When it comes to the level of manifestation: that is, manifesting what we have learned, we then begin to benefit from the fruits (pips) that it brings or promises. Note-This is not a day process.
I want to encourage everyone not to be discouraged. Do not quit! Do not give up! Quiters don't win and winners don't quit!
As you argue about a certain point or price behavior and you are been skeptical or doubtful of what may happen next or what someone says is likely to happen next in the market you are simply heading to meet the truth of what price does at various times and situations AND THAT IS MARKET RHYTHM.
TO TELL EVERYONE THE TRUTH; MARKET RHYTHM WHICH IS THE KEY THING IN THIS SYSTEM IS THE SOURCE OF MY VICTORY! IT TOOK ME SOMETIME TO GET IT SINK INTO MY DNA. BUT WHEN IT DOES, IT CANNOT BE ERASED AGAIN! IT REMAINS WITH YOU FOREVER!
I DON'T EVEN LOOK AT THE MACD AGAIN. THAT IS WHY MANY OF THE TRADES I POST HERE YOU HARDLY SEE ME MAKING REFERENCE TO THE MACD. SOMETIMES I DO TO MAKE IT CLEAR TO THOSE WHO DWELL MUCH IN THE MACD.
THAT DOES NOT MEAN THAT THE MACD IS NOT IMPORTANT... IT IS LIKE BUILDING A HOUSE. WHEN YOU FIRST STARTED THE HOUSE A LOT OF MATERIAL, TOOLS AND EQUIPMENT WILL BE NEEDED, BUT AS THE HOUSE DEVELOPS, THOSE MATERIALS THAT WERE VERY IMPORTANT IN THE BEGINNING WILL BECOME LESS IMPORTANT UNTIL IT GETS TO A CERTAIN POINT WHERE YOU DON'T NEED THEM ANYMORE...SO MACD IS A CONFIRMATION GUIDE TO TRADING THIS STRATEGY. IT TELLS YOU THAT THE ANALYSIS YOU HAD DONE IS CORRECT. SO AS YOU KEEP USING IT TO CONFIRM THAT YOU KNOW HOW TO ANALYZE THE MARKET AND DETERMINE WHERE PRICE IS GOING NEXT YOU GROW GRADUALLY. AND AT A POINT IN YOUR TRANSFORMATION PROCESS YOU SEE THAT MAYBE OUT OT 30 TRADES YOU ANALYZED AND WAS ABLE TO KNOW THE NEXT DIRECTION OF PRICE THAT THE MACD AGREES WITH IT. IT THEN MEANS THAT YOU CAN STILL ANALYZE ANOTHER 30 SET OF TRADES AND MACD WILL CONFORM WITH YOUR DIRECTION. THIS MEANS YOU ARE BEGINNING TO DO WELL EVEN WITHOUT THE MACD'S CONFIRMATION. YOU WILL SIMPLY ASCEND TO THE LEVEL WHERE MACD OR NO MACD YOU KEEP MAKING CORRECT DEALS!
FOR ME NOW EVEN THOUGH I HAVE THE MACD IN FRONT OF MY SCREEN I DON'T THINK I CAN REMEMBER WHEN I LOOKED AT IT LAST BEFORE TAKING A TRADE. BUT WHEN I WANT TO POST MY TRADES, I WILL NOW CONSIDER IT JUST TO EXPLAIN TO PEOPLE THAT THE MACD IS A HANDY TOOL FOR TRADING THE FOREX MARKET AND I TRY TO MAKE IT CLEAR HOW IT CONFORMS TO THIS STRATEGY. ALSO I LIKE TALKING ABOUT THE MACD SOMETIMES BECAUSE OF THE NAME PHILLIP GAVE THIS SYSTEM(4HOUR MACD STRATEGY)
I SEE A LOT OF QUESTIONS ON TRADING THE TREND CONTINUATION PATTERN-TC. I AM PLANNING ON POSTING EXACTLY THE WAY I DO IT. JUST THE WAY I HAVE BEEN DOING IT FOR SOME YEARS NOW AND HAVE BEEN ACHIEVING GOOD RESULTS WITH IT. I KEEP IT VERY SIMPLY! I READ THROUGH WHAT trademin POSTED ON TRADING TC WHICH IS VERY INFORMATIVE AND POWERFUL! I WILL TRY POSTING MY OWN VIEW LATER. NOT SO MUCH DIFFERENT FROM WHAT HAD BEEN POSTED BY TRADERS HERE, BUT I WANT TO MAKE A DETAILED POST ON IT AND POST IT. IT IS GOING TO TAKE SOME TIME BECAUSE I WANT TO NAIL TO DOWN ONCE AND FOR ALL!
PRAY FOR ME: FOR THE GRACE TO ACHIEVE IT. I WANT TO EXPOSE ALL OF IT! THAT IS WHY I HAVE NOT REALLY RESPONDED TO ALL THE COMMENTS AND QUESTIONS BY MANY TRADERS HERE ON TRADING THE TREND CONTINUATION PATTERN. EVEN THIS POST, I HAVE TYPED MORE THAT HALF OF IT SINCE THE 21ST FEBRUARY 2013. BUT I COULDN'T COMPLETE IT AND I TRAVELED. I SPENT LIKE 3 DAYS. I JUST CAME TODAY AND CONTINUED THE TYPING FROM WHERE I HAD STOPPED AS I DID NOT CLOSE MY BROWSER-I HIBERNATED MY COMPUTER AND LEFT QUICKLY!
SO LETS KEEP ENCOURAGING ONE ANOTHER. EVERYTHING WILL BECOME PERFECT SOON FOR EVERYONE.
I WISH EVERYONE PEACE!!!
DislikedI see it, and agree we probably will see 1.29 eventually. But check out the monthly 21 and 89 and where price is (could see a move back from 21 to 89)..same with weekly 21, 89 and 200 (tapped the 21 on weekly and bounced slightly, could see a move back to 89 and 200 before further move south).
Daily candle also almost tapped 89 and may wanna go back to 21 before any further south move(also candle was a spinner/doji open and close were within 5 pips = indecision, maybe next candle will give better clue), and if we look at 4 hr now we can see...Ignored
DislikedI want to encourage everyone not to be discouraged. Do not quit! Do not give up! Quiters don't win and winners don't quit!
As you argue about a certain point or price behavior and you are been skeptical or doubtful of what may happen next or what someone says is likely to happen next in the market you are simply heading to meet the truth of what price does at various times and situations AND THAT IS MARKET RHYTHM.
TO TELL EVERYONE THE TRUTH; MARKET RHYTHM WHICH IS THE KEY THING IN THIS SYSTEM IS THE SOURCE OF MY VICTORY! IT TOOK ME SOMETIME TO...Ignored
DislikedI guess that with the election in Italy, bullish and bearish traders on EURUSD , are satisfied.-I am!- but still bearish! (but I closed the bullish side with gains),
few pips gain in USDCAD, which I don't know too much.Ignored