4 Hour Strategy (MACD)

Orange,

Are you saying your target is around 1.11120?

Target is around 200sma of H1 (1.126-ish).

NZDjpy

Rhythm has been established here. May look for an opportunity to go LONG.

Hi everyone,

This is my first reply to this wonderful thread. I have been in touch for more than a week. Huge a mount of posts and information to read. I have go through the first 100 page. Also I read many of JonnyPip posts. Jonny, You are doing an excellent work here. your posts are so fantastic.
Also, orangeRange is doing an excellent work too, I will read your posts soon. Jonny's posts attracts me because he is using market scope. Thanks guys for keeping this post running.

Thanks Phillip Nel for your simple and valuable method.

Finally, If you use market scope, You can find after extracting the attached file:
1- "MACD MetaTrader.lua" indicator. I changed some colors and values from the original indicator named" Two Averages Oscillator.lua" programmed by fxcodebase team. So the indicator is similar to that of metatrader except the line connecting the middles of the bars. Only a histogram.
2- "Averages.lua" which is necessary for the calculations of the first indicator.

Simply you can install both indicators by:
1- Insert indicator.
2- Choose "Import" from the lower left corner.
3- Choose the .lua file you want to install.

I hope the best for all of you.

CADchf

2 hours ++ before the closing of this candle

There you go...

Slow during Asian & European market sessions but then went boom just before the opening of US market session.

GBPusd

Huge reaction happened in the market today. To be honest, it really surprised me to see such swift change for a single candle.

The good thing is that we are using H4 tf (more time to rest). Never execute trading before the candlestick is confirmed.

I'm trading using demo account. Everyone, I'm learning, don't build any trading ideas on my posts.

JonnyPip can you help me by reviewing my way of learning and trading.

The following is GBP/USD 4hr & 1hr charts.

Market Rhythm:
Price break the 21 EMA on the 4hr chart. As per rules, waiting for a pullback before heading to the 89 SMA.

Action:
Waiting for a 3 wave corrections in smaller time frame like 30 min.
A confirmation will be assured by a good setup in the 1 hr chart (TC or return from zero line).

USDcad

USDcad Update

AUDjpy

Careful watch here. Wait for it.

NZDjpy

USDchf

Bullish engulfing on higher tf (W1). But be mindful of immediate resistance at 200sma of D1.

Can look for a little CT while waiting for a good long run of TC. It all depends on your trading strategy on H4 or lower TF.

USDjpy

"Morning star" here

EurUsd Potential Opportunity

GbpNzd Potential Opportunity

Break 21ema/89sma, move to round level / 200 sma

AUDJPY Potential Opportunity

Break 21ema/89sma, pullback, move to round level/200/365 ma's

AudUsd Potential Opportunity

Break 21ema/200sma, move to round number

EurGbp Potential Opportunity

Break 21ema/89 move to round number/200sma (Target 1)

Move to round number/365ema (Target 2)

GbpAud Potential Opportunity

Break 21ema/200sma move to round level