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4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedI haven't listened to the price motion files yet....so this post may already be answered.
Sorry to all who lost on cable today (isn't it funny how money is lost when we think about what can and can not happen). MACD gave really good signal for the short (but who would have thought that it would fall so far?)...also signaled fall in E/U.
What I don't get....the news today supported both the Euro and the Pound. The Pound lifted rates...and is now higer % than USD. The US stock market is down more than 100 points.....and the bond market didn't increase. & even though Tony Blair is stepping down in June, the market knew it was coming. Trichet used "strongly viligant," which means another rate increase is in the cards for Euro in June....and again the market sold....The US trade deficit was Worse than expected (granted so was UK's)...but US missed the mark significantly. My question is What has changed to alter the current trends? Did we just see normal profit taking....did we see buy the rumour and sell the news?
So, I'm thinking....nothing has changed to support dollar strength (I really don't get what's going on....I'm suspicious ...why all of the sudden is ECB and UK ok w/strong currencies when 6 months ago they were very concerned.....I'm not a conspiracy theorist...just confused.. LOL)....maybe the market is shaking out the weaker players so it can move up again significantly....and soon (say next few weeks)....?
As for the question on recovery before tomorrow close...think that will depend on core PPI number tomorrow....but I think we should see a good bounce today (hourlies are divergent and oversold)...I can hardly wait for a turn on the 4 hour MACD....look how far away the 21 is already (dang the 200...which says all bets are off on long plays.....agggh ). I'm still licking my chops for the macd to turn....price bounced 18 pips above a level I really wanted to buy at (with MACD of course)...but, 1.9792 is good too . I have a 1.5 hours more to wait. and the MACD is at a nice level for a correction...-.0035 for cable.....will have to wait and see, eh?
Sorry for my rant.....I'm just confused...Fundies don't support what happened today...of course, the mkt isn't logical....thanks for listening....and thanks for thinking my charts are pretty Millionaire as of 2012 (I LOVE THAT TAG LINE!!!)
Happy pipping!
Pips
Ps....Thanks Phil for letting me post a bit off topic...OK, a lot off topic...hope you didn't mind too much...won't do it again....for a while, at least Gotta go see your market motion posts now (you are so good!).Ignored
DislikedPhilip, you mentioned that when the price pierces/touches the 89sma it would go into some sort of consolidation and then go to its direction. With what happened today, can we now say that the consolidation has ended, and we expect the price to go to its direction?Ignored
DislikedEurUsd
It has started to show its direction when it moved away from the 89SMA and then pulled back to the 21EMA and then moved further down. It is now in the type of motion I am used to and comfortable with. I will act upon the MACD more relaxed if it keeps on that rhythm.Ignored
DislikedNever buy into motion. The reason is you see the motion and get excited and buy/sell and then want to decide what the plan should be. You must allready have a plan before you open a positionIgnored
DislikedI haven't listened to the price motion files yet....so this post may already be answered.
Sorry to all who lost on cable today (isn't it funny how money is lost when we think about what can and can not happen). MACD gave really good signal for the short (but who would have thought that it would fall so far?)...also signaled fall in E/U.
What I don't get....the news today supported both the Euro and the Pound. The Pound lifted rates...and is now higer % than USD. The US stock market is down more than 100 points.....and the bond market didn't increase. & even though Tony Blair is stepping down in June, the market knew it was coming. Trichet used "strongly viligant," which means another rate increase is in the cards for Euro in June....and again the market sold....The US trade deficit was Worse than expected (granted so was UK's)...but US missed the mark significantly. My question is What has changed to alter the current trends? Did we just see normal profit taking....did we see buy the rumour and sell the news?
So, I'm thinking....nothing has changed to support dollar strength (I really don't get what's going on....I'm suspicious ...why all of the sudden is ECB and UK ok w/strong currencies when 6 months ago they were very concerned.....I'm not a conspiracy theorist...just confused.. LOL)....maybe the market is shaking out the weaker players so it can move up again significantly....and soon (say next few weeks)....?
As for the question on recovery before tomorrow close...think that will depend on core PPI number tomorrow....but I think we should see a good bounce today (hourlies are divergent and oversold)...I can hardly wait for a turn on the 4 hour MACD....look how far away the 21 is already (dang the 200...which says all bets are off on long plays.....agggh ). I'm still licking my chops for the macd to turn....price bounced 18 pips above a level I really wanted to buy at (with MACD of course)...but, 1.9792 is good too . I have a 1.5 hours more to wait. and the MACD is at a nice level for a correction...-.0035 for cable.....will have to wait and see, eh?
Sorry for my rant.....I'm just confused...Fundies don't support what happened today...of course, the mkt isn't logical....thanks for listening....and thanks for thinking my charts are pretty Millionaire as of 2012 (I LOVE THAT TAG LINE!!!)
Happy pipping!
Pips
Ps....Thanks Phil for letting me post a bit off topic...OK, a lot off topic...hope you didn't mind too much...won't do it again....for a while, at least Gotta go see your market motion posts now (you are so good!).Ignored
DislikedSorry for my rant.....I'm just confused...Fundies don't support what happened today...of course, the mkt isn't logical....thanks for listening....and thanks for thinking my charts are pretty Millionaire as of 2012 (I LOVE THAT TAG LINE!!!)Ignored
DislikedMy understanding from the News section of FF and from posts by NewsTraderFX (he's a great news resource) is that, as Phil said in the audio, the 5.25 and 3.75 rates for GBP and EUR were already "baked into" the price (hence, one reason why EUR and GBP have been trending up so high), since everyone knew it was coming. The news section of FF has some wonderful fundamental articles that are extremely interesting (to me anyway), and all that econ stuff about interest rates, inflation, housing, etc., is explained very clearly. It amazes me how two words ("strongly vigilant") or even the absence of them can have such a huge effect on price.
You're welcome pips ;-) And about the millionaire thing--it's absolutely true you know! In 2012 you and I will be having dinner and drinks together discussing our trading prowess and wealth and laughing at the time when we were just starting (well, I've just started, you've been doing it a while I think)!! And I'll certainly invite Phil, and the whole gang from FF and we'll all toast Phil for his hard work!!Ignored