Is this one of Naustings Trades?
4 Hour Strategy (MACD)
- #30,984
- Feb 20, 2020 3:10pm Feb 20, 2020 3:10pm
Is this one of Naustings Trades?
maybe he watches the thread and coms and tell us a few things about trades we made this week
we need help from experience trader to know our mistakes and avoid in future
- #30,985
- Feb 20, 2020 3:49pm Feb 20, 2020 3:49pm
What do you guys think about this trade? I know its high risk counter trend trade but seems to meet phils requirements for counter trend trade. Its hitting support and the macd is changing upward and R:R is better than 1:1. Im looking to take profit at the 21ema 
- #30,986
- Feb 20, 2020 6:16pm Feb 20, 2020 6:16pm
Taking a look at EURUSD. I see that its setting on strong H4 and daily support now. Again this would be a counter trend trade. Only difference in this one and the GBPUSD is that on this one the 21ema is much closer. As you look at the daily chart on EURUSD the 21ema is a good distance away and pretty close to the price where the 89 on the H4 is. Im looking for a possible trade scenario EURUSD once we get a candle close above the 21 and then a retest of the 21 assuming its going to the 89 from there. Again Im still trying to figure this method out as I am new to it so any advice or suggestions is appreciated
- #30,987
- Feb 21, 2020 2:06am Feb 21, 2020 2:06am
- Joined Apr 2019 | Status: Trader | 1,997 Posts
Taking a look at EURUSD. I see that its setting on strong H4 and daily support now. Again this would be a counter trend trade. Only difference in this one and the GBPUSD is that on this one the 21ema is much closer. As you look at the daily chart on EURUSD the 21ema is a good distance away and pretty close to the price where the 89 on the H4 is. Im looking for a possible trade scenario EURUSD once we get a candle close above the 21 and then a retest of the 21 assuming its going to the 89 from there. Again Im still trying to figure this method out...
Did you spot the divergence on the macd? This could test our trading patience waiting for a good moment to go long and given that the dollar index is testing the magic 100 after 2 years could mean waiting a bit longer for a reversal. There's probably more chance of going short given the dollar strength
Maybe a good time to get the strategy tester out and watch the market rhythm on these 2 pairs.
- #30,990
- Feb 21, 2020 5:28am Feb 21, 2020 5:28am
- Joined Apr 2019 | Status: Trader | 1,997 Posts
{quote} AIl is well in Jesus name! I was in that AudUsd down move that kicked off on the 19th Feb, 2019 with a very deadly (aggressive) bearish bar/candle at the close of 12:00 candle...as usual, I jumped in from the 1hr time frame (early entry strategy) as usual... I hardly take trades by 4hr candle, I always enter early into the 4hr candle through the 1hr to make some pips ahead of the 4hr candle close (my previous posts show that). See charts. I actual took 10 trades on multiple accounts... Closed the ones with big lots on huge profits and allowed...
- #30,992
- Feb 21, 2020 10:02am Feb 21, 2020 10:02am
- Joined Apr 2019 | Status: Trader | 1,997 Posts
{quote} hi 40pipsalan forgive my late reply but I check forexfactory when its not such busy at work I lost that usdcad but I opened another sell one today in h4 {image} an other trade I opened today its gbpjoy buy in h4 {image} Im still in euraud because I decided to trust macd and moving averages will break trend line you told me lets see what happen
- #30,993
- Feb 21, 2020 11:48am Feb 21, 2020 11:48am
{quote} Hi Forexdg, I see UC finally came good for you, it took a while but got there.
I closed yesterday with loss when bar close upside of 20ema
one thing I just notice now its my macd was not good on my trades because its a diference between tipu macd and macd colored
same settings and look its diferent
- #30,997
- Feb 22, 2020 3:33am Feb 22, 2020 3:33am
- Joined Apr 2019 | Status: Trader | 1,997 Posts
What do you guys think about this trade? I know its high risk counter trend trade but seems to meet phils requirements for counter trend trade. Its hitting support and the macd is changing upward and R:R is better than 1:1. Im looking to take profit at the 21ema {image}
A couple of tweezer bottoms followed by a couple of doji candles. green bar on the macd and enough room to reach the 21. Excellent stuff, I would put that one in the photo album or print it out and keep it by the trading PC. Can I borrow your crystal ball as well.
I did watch it in the making as well and saw it hesitating before the final push to the 21.
- #30,998
- Feb 22, 2020 7:00am Feb 22, 2020 7:00am
{quote} Yo Monty, Thats looks to be a textbook counter trend trade off trend line support on the GU.
- #31,000
- Feb 23, 2020 3:20pm Feb 23, 2020 3:20pm
Here is my analysis on AU. On the H4 it is hitting the top trend line of the channel. Also looks like it was close to the 21 and being rejected as we are in a downtrend. On the H1 it is also struggling to break the top trend line of the channel and is also in a downtrend. Also looks like a RT is forming on the H1 macd. I am expecting it to go back down and test the support line of around .65860-.65880 before deciding if itll break through that support and continue down or turn around there again and head back to the 21 or 8.
