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Tuesday, February 6, 2007 TIME 15.16 PM GMT LONG GBPUSD 1.9686 ,STOP 45 T 90 >1.9567 on GBPUSD 240 @ 1.9679
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chang gbpusd target to 1.9880
MOUTEKI: Upper trendline broken on AUDUSD TF: 240 @ 0.7772
D-Mouteki - Upper trendline breached on EURAUD @ 1.6697 on 240 minute timeframe
Summary
Trendline point 1: high at 2007.02.06 08:00 (1.6712)
Trendline point 2: high at 2007.02.05 00:00 (1.6766)
First candle above line: 1.6697 - 2007.02.07 00:00
Projected profit: 1.6800
Details:
1. Upper trendline was drawn by the indicator between the high of the bar at
2007.02.06 08:00( price level of 1.6712) and the high of the bar at 2007.02.05
00:00( price level of 1.6766)
2. The indicator has detected a qualified breach of that trendline by a candle
(bar) opening at a price of 1.6697, above the trendline at 2007.02.07 00:00,
after a cross of the trendline by a previous candle (bar).
D-Mouteki - Upper trendline breached on EURAUD @ 1.6697 on 240 minute timeframe
Summary
Trendline point 1: high at 2007.02.06 08:00 (1.6712)
Trendline point 2: high at 2007.02.05 00:00 (1.6766)
First candle above line: 1.6697 - 2007.02.07 00:00
Projected profit: 1.6800
Details:
1. Upper trendline was drawn by the indicator between the high of the bar at
2007.02.06 08:00( price level of 1.6712) and the high of the bar at 2007.02.05
00:00( price level of 1.6766)
2. The indicator has detected a qualified breach of that trendline by a candle
(bar) opening at a price of 1.6697, above the trendline at 2007.02.07 00:00,
after a cross of the trendline by a previous candle (bar).Gody6000,
Which MT4 broker you are using?
Thanks.
Gody6000,
Which MT4 broker you are using?
Thanks.fxdd and interbank
Tuesday, February 6, 2007 TIME 15.16 PM GMT LONG GBPUSD 1.9686 ,STOP 45 T 90 >1.9567 on GBPUSD 240 @ 1.9679
new target 9910
Gody,
I think I know why some people are asking which broker you are using.
I am using IBFX. Their data is a bit different and some times I and some do not get the same signal at the same time as you do.
I think trading manually is not bad since you trade this mostly on 4 hour charts.
When you trade manually, you can see price action like double bottoms, and few powerful simple candle stick patterns like hammer and hanging man. These patterns are extremely powerful in larger time frames like the 4H charts. Even if you get a signal based on this indicator, if you avoid trades in which the price patterns contradict the signal, you will do much better in long term.
Also you can avoid signals during major news times and observe divergence and support and resistance, which an EA cannot identify.
Wednesday, February 7, 2007 08:02 AM
MOUTEKI: Upper trendline broken on EURUSD TF: 240 @ 1.2984
2007.02.07 08:00:46 EURUSD,H4: #6566165 buy 2.00 EURUSD at 1.2984 sl: 1.2918 tp: 1.3028 ok
Wednesday, February 7, 2007 8:12 AM
Upper trendline breached on GBPJPY @ 237.40 on 240 minute timeframe
target 239.88