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4 Hour Strategy (MACD)

  • #31,381
  • Sep 8, 2020 8:34am Sep 8, 2020 8:34am
Quoting Muhammad87
Demo Account: EUR/NZD Market Rhythm: Price broke 21 EMA, pulled back to it. Anticipation: move to 200 SMA R:R = 1:3 {image}
Closed before the anticipated target (200 SMA) for R:R = 1:2
(108 pips) ==> +2R

Total for the week: +4R
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD H4 (09-08-2020).png Size: 76 KB
  • #31,382
  • Sep 8, 2020 6:25pm Sep 8, 2020 6:25pm
Quoting Muhammad87
Demo Account: GBP/CAD Market Rhythm: Counter trend trade from trendline (High Risk Trade) Anticipation: move to back to 8 EMA. Only risking 0.5 R R:R = 0.5:1 ==> (1:2) {image}
Break even Trade (+2.2 pips).
I moved stop loss to entry when the price reached the descending trendline.
As the trade closed yesterday, it isn't shown in the chart.

Total for the week: +4R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 160 KB
Click to Enlarge Name: Screenshot2.png Size: 60 KB
  • #31,383
  • Edited 2:50am Sep 9, 2020 2:21am | Edited 2:50am
Demo Account:

EURNZD
Market Rhythm: Resistance from 89SMA and 200 SMA, Counter trend trade (High Risk Trade)
Anticipation: move back to 21 EMA.
Only risking 0.5 R
R:R = 0.5:1 ==> (1:2)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 153 KB
Click to Enlarge Name: Screenshot3.png Size: 142 KB
  • #31,384
  • Sep 9, 2020 2:44am Sep 9, 2020 2:44am
Quoting Muhammad87
Demo Account: EURNZD Market Rhythm: Counter trend trade, Resistance from 89SMA and 200 SMA (High Risk Trade) Anticipation: move to back to 21 EMA. Only risking 0.5 R R:R = 0.5:1 ==> (1:2) {image} {image}
Moved my stop to BE. Lets see how it will play out.
I forget to say that I took my entry from the 15 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
  • #31,385
  • Sep 9, 2020 5:31am Sep 9, 2020 5:31am
Quoting Muhammad87
{quote} Moved my stop to BE. Lets see how it will play out. I forget to say that I took my entry from the 15 min chart. {image}
Target reached (52.8 pips) ==> +1R (Risking 0.5R thus Risk/Reward = 1:2)

Total for the week: +5R
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 154 KB
  • #31,386
  • Sep 9, 2020 7:56am Sep 9, 2020 7:56am
Demo Account:

USOIL
Market Rhythm (1 hr): Price broke 21 EMA, pulled back to it.
Anticipation: move to 21 EMA on 4hr & 89 SMA on the 1hr.
Target is placed at 89 SMA on 1hr to ensure 1:2 and I will manage the trade.
R:R = 1:2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 144 KB
Click to Enlarge Name: Screenshot5.png Size: 137 KB
  • #31,387
  • Sep 9, 2020 11:27am Sep 9, 2020 11:27am
Quoting Muhammad87
Demo Account: USOIL Market Rhythm (1 hr): Price broke 21 EMA, pulled back to it. Anticipation: move to 21 EMA on 4hr & 89 SMA on the 1hr. Target is placed at 89 SMA on 1hr to ensure 1:2 and I will manage the trade. R:R = 1:2 {image} {image}
Stopped out to the pip then the market turned ==> -1R

Total for the week: +4R
Attached Image (click to enlarge)
Click to Enlarge Name: USOil H1 (09-10-2020).png Size: 60 KB
  • #31,388
  • Sep 9, 2020 10:29pm Sep 9, 2020 10:29pm
Demo Account:

Sold EURGBP
Market Rhythm (4 hr): Price rejected a trend-line yesterday and goes for a retest today.
Risky as I didn't wait for a second clear rejection form the trend-line.
Taking the odds on with a tight stop loss (-20 pips).
Anticipation: move to 21 EMA on 4hr.
R:R = 1:3
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB
  • #31,389
  • Sep 10, 2020 7:13am Sep 10, 2020 7:13am
Quoting Muhammad87
Demo Account: Sold EURGBP Market Rhythm (4 hr): Price rejected a trend-line yesterday and goes for a retest today. Risky as I didn't wait for a second clear rejection form the trend-line. Taking the odds on with a tight stop loss (-20 pips). Anticipation: move to 21 EMA on 4hr. R:R = 1:3 {image}
Stopped out ==> -1R

Total for the week: +3R
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB
  • #31,390
  • Sep 10, 2020 7:17am Sep 10, 2020 7:17am
Demo Account:

Buy AUDJPY
Market Rhythm (4 hr): Price broke the 21EMA and 89SMA, then pulled back
Anticipation: move to round number.
R:R = 1:3
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 159 KB
  • #31,391
  • Sep 10, 2020 6:42pm Sep 10, 2020 6:42pm
Quoting Muhammad87
Demo Account: Buy AUDJPY Market Rhythm (4 hr): Price broke the 21EMA and 89SMA, then pulled back Anticipation: move to round number. R:R = 1:3 {image}
Stopped out ==> -1R
If I wasn't sleeping, this would be a breakeven trade. The price moved 50 pips in my direction (which is nearly double the amount I risked).

Total for the week: +2R
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 159 KB
  • #31,392
  • Sep 10, 2020 7:10pm Sep 10, 2020 7:10pm
Demo Account:

Counter trend trade.
Buy GBPNZD
Market Rhythm: Price had found support on the red horizontal line. Although the GBP is very week, I expect some weakness also on NZD.

Anticipation: move to 21 EMA on 4hr.
R:R = 1:3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 168 KB
Click to Enlarge Name: Screenshot2.png Size: 133 KB
  • #31,393
  • Sep 11, 2020 10:48am Sep 11, 2020 10:48am
Quoting Muhammad87
Demo Account: Counter trend trade. Buy GBPNZD Market Rhythm: Price had found support on the red horizontal line. Although the GBP is very week, I expect some weakness also on NZD. Anticipation: move to 21 EMA on 4hr. R:R = 1:3 {image} {image}
Stopped out ==> -1R

This week should be better than this, I broke my entry rules in Two counter trend entries EUR/GBP and GBP/NZD and risking 1R and fight against the trend. Also, AUDJPY, should be at least breakeven.

I will keep trading on a demo and show the results here. I should avoid counter trend trades without proper confirmation.

Total for the week: +1R
  • #31,394
  • Sep 15, 2020 12:06am Sep 15, 2020 12:06am
Demo Account:

Sold EUR/NZD
Market Rhythm: Price is below the 89 SMA and 21 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 158 KB
  • #31,395
  • Sep 16, 2020 3:10am Sep 16, 2020 3:10am
Demo Account:

Buy GBP/USD
Market Rhythm: Price broke above 21 EMA
Anticipation: Move to 1.3000 then 89/200 SMA

Moved to BE in EURNZD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 161 KB
Click to Enlarge Name: Screenshot2.png Size: 175 KB
  • #31,396
  • Sep 16, 2020 10:53am Sep 16, 2020 10:53am
Quoting Muhammad87
Demo Account: Sold EUR/NZD Market Rhythm: Price is below the 89 SMA and 21 EMA. {image}
Closed before my Target +2.5 R


Total for the week: +2.5 R
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 160 KB
  • #31,397
  • Sep 17, 2020 2:37am Sep 17, 2020 2:37am
Demo Account:

Anticipating 2 moves:

NZD/CAD: Price above 89 SMA and currently at 21 EMA. I'm anticipating rhythm to continue to upside. I placed an entry order on the 1 hr above previous candles high.
NGAS: price is below 89 SMA and 200 SMA, broke below the 21 EMA, I'm anticipating a pullback toward 21 EMA then going south.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 182 KB
Click to Enlarge Name: Screenshot2.png Size: 176 KB
  • #31,398
  • Sep 17, 2020 5:57am Sep 17, 2020 5:57am
Quoting Muhammad87
Demo Account: Buy GBP/USD Market Rhythm: Price broke above 21 EMA Anticipation: Move to 1.3000 then 89/200 SMA Moved to BE in EURNZD {image} {image}
GBPUSD
Price missed my target yesterday by 2 pips.
Closed for +1.3 R before major GBP news

Total for the week: +3.8 R
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB
  • #31,399
  • Edited 8:39am Sep 17, 2020 7:32am | Edited 8:39am
Quoting Muhammad87
Demo Account: Anticipating 2 moves: NZD/CAD: Price above 89 SMA and currently at 21 EMA. I'm anticipating rhythm to continue to upside. I placed an entry order on the 1 hr above previous candles high. NGAS: price is below 89 SMA and 200 SMA, broke below the 21 EMA, I'm anticipating a pullback toward 21 EMA then going south. {image} {image}
Both trades was on.
I moved to BE now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 177 KB
Click to Enlarge Name: Screenshot2.png Size: 173 KB
  • #31,400
  • Sep 17, 2020 7:40am Sep 17, 2020 7:40am
Demo Account:

Sold USOIL
Counter trend trade, so risking only 0.5R
4hr: Resistance from 89 SMA and Round level (40.00)
1 hr: price broke 21 EMA, pulled back, created a nice Hanging man.
Anticipation: move to 21EMA on 4hr and 39.00.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 159 KB
Click to Enlarge Name: Screenshot2.png Size: 142 KB
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