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4 Hour Strategy (MACD)

  • #30,341
  • Dec 5, 2017 4:25pm Dec 5, 2017 4:25pm
Thanks for the response Naustingfx

What do you think of the following setup.

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  • #30,342
  • Dec 6, 2017 7:21am Dec 6, 2017 7:21am
Quoting naustingfx
Another entry on 4th December, 2017...trade is still running... Market rhythm and statistics are very powerful tool to trading success. Happy trading Naustingfx. {image}
UPDATE: Today; 6th December,2017
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  • #30,343
  • Dec 6, 2017 7:47am Dec 6, 2017 7:47am
Quoting Mathus
Thanks for the response Naustingfx What do you think of the following setup. {image}
Right: From the rules we know that once price is locked in between the 89sma and the 200sma, price tends to range between the two moving averages. Based on Phillip's system we trade off the two moving averages...but I do like to have more details from higher time frame when I am trading...so see my weekly chart below. You will see that very strong horizontal line serving as strong resistance for price...when you add that to the 4hr info the probability for price to at least get to the weekly 21ema is very high, so I will look for nice short signals heading to the south, and will take profit at weekly 21ema...presently we have about 121pips to get there...please take not of the 4hr chart below as well for take profits due to that trendline there.

Happy trading.
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  • #30,344
  • Dec 6, 2017 12:39pm Dec 6, 2017 12:39pm
Quoting naustingfx
{quote} Right: From the rules we know that once price is locked in between the 89sma and the 200sma, price tends to range between the two moving averages. Based on Phillip's system we trade off the two moving averages...but I do like to have more details from higher time frame when I am trading...so see my weekly chart below. You will see that very strong horizontal line serving as strong resistance for price...when you add that to the 4hr info the probability for price to at least get to the weekly 21ema is very high, so I will look for nice short...
You see what is currently happening...I just decided to send you this update. Trading is dynamic. And trading within the rules will save you from crashing. In some cases you will see price proceed straight to the weekly 21ema as I have given my analysis is previous post, but some times it may not happen just that easy or fast...but whichever way, we can be safe by just trading what we see and in agreement with the rules...

The first chart is the 4hr which shows how price is reacting to the Fibonacci level 61.8...and moved north.
The second chart is the daily chart, in that chart price can also retest that thick resistance trend line...it may as well test the 38.2 forming sHs setup with the tails on the other side and finally proceed to south....So you can see that in as much as we have the bigger or overall picture of what can happen as explained in the previous post, there are some other things that can happen within the process. SO just know the rules and be patient. Only act at the right time.
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  • #30,345
  • Dec 6, 2017 1:51pm Dec 6, 2017 1:51pm
Good to see your still active Nausting, I have been using this strategy on the 30mins
with a systematic SL 12 and TP 10 and just consistently breaking even.

I am trying to be full time trader and addicted to chart watching, I often find myself getting bored on the 4hr and i also hate when the market goes in the direction you better for only to retreat and to see your profits escape for a short period.

Any words of advice, also what would you recommend take profit?

Thanks Riese
  • #30,346
  • Dec 6, 2017 3:53pm Dec 6, 2017 3:53pm
Quoting naustingfx
{quote} You see what is currently happening...I just decided to send you this update. Trading is dynamic. And trading within the rules will save you from crashing. {image} {image}
Thank you naustingfx, for taking the time to share your insights. I have been studying the rhythm and the MACD signals. I have a lot more learning to do, for example I havent starting using Fibonacci levels. As I learn more, I will post setups that think follows the rules. Thank you.
  • #30,347
  • Dec 7, 2017 4:37pm Dec 7, 2017 4:37pm
What do you think of this GBPUSD setup. Would you go long now or wait for 8EMA to come above the 21 EMA and then go back down to retest the 21EMA? Or is this not a valid setup at all.
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  • #30,348
  • Dec 8, 2017 12:30am Dec 8, 2017 12:30am
on the H4 the CAD seems to get a new high, any opinions?
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  • #30,349
  • Dec 8, 2017 4:41am Dec 8, 2017 4:41am
Quoting Jiris109
on the H4 the CAD seems to get a new high, any opinions?{image}
I also am watching this setup and I have a few questions of my own.

The price seems to be weaving around the 89MA and 200MA forming a channel. So should we be trading from the edges; the upper edge is around 1.29083 (red line at the top)?
The MACD is forming a roundtop. Do we consider MACD roundtops as a signal?
There is MACD divergence to the upside, see purple lines. Should we worry about it?

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  • #30,350
  • Dec 9, 2017 1:34pm Dec 9, 2017 1:34pm
I wouldn’t trade this pair just because I simply think it’s in a range between 89 and 200 and if it did breakout to the upside it could find resistance at the 365 ema

Me personally I like to follow the trend so I only trade in same direction as the 200sma, so if the price is above the 21ema and 200sma i will look for buys and if price is below 21 and 200 i sell with 1:1 and 1:2

i think there’s better opportunity’s on the table.
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  • #30,351
  • Dec 12, 2017 11:29am Dec 12, 2017 11:29am
i am just waiting for my profits above the high 1,2900
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  • #30,352
  • Jan 10, 2018 4:26pm Jan 10, 2018 4:26pm

HAPPY NEW YEAR, 2018 AND PROSPEROUS TRADING TO EVERYONE IN JESUS NAME!!!


Naustingfx

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  • #30,353
  • Jan 10, 2018 4:33pm Jan 10, 2018 4:33pm

AUD/USD TRADE: 10TH JAN, 2018 @ 8:00 Candle close


4hr and 1hr chart.


I have actually made a lot of trades this year without losses...I initially wanted to post them here last week but was really busy...so I am posting this one of today, and may post the rest later on.

God bless Phillip in Jesus name.
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  • #30,354
  • Jan 10, 2018 4:36pm Jan 10, 2018 4:36pm
Quoting naustingfx
AUD/USD TRADE: 10TH JAN, 2018 @ 8:00 Candle close 4hr and 1hr chart. I have actually made a lot of trades this year without losses...I initially wanted to post them here last week but was really busy...so I am posting this one of today, and may post the rest later on. God bless Phillip in Jesus name. {image} {image} {image}
I was not chanced to go to computer to check my trade...and I missed taking nice profit already....I missed my take profit level with that tail there on the 1hr and 4hr chart...but I have decided to leave the trade to run....but have set my stoploss to break even.

Happy trading.
  • #30,355
  • Jan 10, 2018 4:56pm Jan 10, 2018 4:56pm

GBP/JPY TRADE


8TH JAN,2018 @ 8:00 Candle close


This was a cool three days journey....take profit at the green box...price went nicely there after 3 days.


See daily, 4hr and 1hr charts below.


As usually trade was spotted nicely with my 1hr early entry trading technique.


Thanks.

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  • #30,356
  • Jan 10, 2018 5:02pm Jan 10, 2018 5:02pm

Update on trade posted above - GBP/JPY TRADE


Stoploss = just 39 dollars


Take profit = 265 dollars


For me, this is very interesting!


Just like the AUD/USD


Stoploss = just 100 dollars


Take profit = 490 dollars to that tail


I wish you all a successful trading year!


God bless.

  • #30,357
  • Jan 10, 2018 7:29pm Jan 10, 2018 7:29pm
Quoting naustingfx
AUD/USD TRADE: 10TH JAN, 2018 @ 8:00 Candle close 4hr and 1hr chart. I have actually made a lot of trades this year without losses...I initially wanted to post them here last week but was really busy...so I am posting this one of today, and may post the rest later on. God bless Phillip in Jesus name. {image} {image} {image}

Happy new year and I wish all the best for you.
What was the market rhythm in the AUD trade?
  • #30,358
  • Jan 11, 2018 10:20am Jan 11, 2018 10:20am
Quoting naustingfx
Update on trade posted above - GBP/JPY TRADE Stoploss = just 39 dollars Take profit = 265 dollars For me, this is very interesting! Just like the AUD/USD Stoploss = just 100 dollars Take profit = 490 dollars to that tail I wish you all a successful trading year! God bless.

Final Update


AUD/USD


Stoploss = 100 dollars


Take profit = 601 dollars


I am very happy I allowed my position to run as I explained in the Aud/Usd posts above...now it has finally paid out.

What is interesting for me is that, even if you can not catch good trades often, once you know what you are doing, only one or two good trades or signals in a month can give you good dollars to keep up with.


May God bless and protect Phillip Nel in Jesus name.


Success to everyone!

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  • #30,359
  • Edited 9:52am Jan 23, 2018 9:30am | Edited 9:52am
Hi partner
I'm back, this morning I entered in two trades GbUsd and NzdUsd

Reasons to enter

GbpUsd
The price broke the trend line, pull back to 21 ema and he gave us Shooting Star

Close 3 lots +40 pips

Nzud
the price did a pull back to 21 ema and gave us a Shooting star

What do you think?
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  • #30,360
  • Jan 24, 2018 11:15am Jan 24, 2018 11:15am
Update on trade posted above:

I closed both trades because I was scared because they moved very slowly and I thought that maybe they would reverse,

GpbUsd=+80 pips
Nzusd=+40

This day dont have any trades and any setup i will wait.
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