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4 Hour Strategy (MACD)

  • #4,201
  • Edited 8:44am May 9, 2007 8:31am | Edited 8:44am
Quoting ttitto
Thanks pips,
I am just trying to maintain the good spirit of this thread just like Phillip makes it since the beginning.

I looked at my UCHF chart again but can not find any reason to draw that blue channel line in the middle that you have.
Hi ttitto,

You are right...we all have the descretionary ability to draw our lines where they benefit us most (which is something I love about trading; all our unique perspectives and how we play them for profit). I think its interesting that I have used the same lines for 4 or 5 months & they still seem to work...Here is the spread out version if you are interested in seeing where they originate...Horizontal lines are previous Inside Tops that have also held for many months...weird how the market has memory.....
Attached Image (click to enlarge)
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  • #4,202
  • May 9, 2007 8:36am May 9, 2007 8:36am
swissie short has been closed (whew ). Closed all my lots at 9:24 EST at 1.2145 for +48 pips (53 w/spread). Think it has more scope for downward movement but, I don't want to risk it (I had many more lots on than normal and wanted to bank profits without giving any back) .

Happy trading all!

PS. Congrats MizZu X7!!! Nice to wake up +17 pips!!! (or go to sleep? don't know what your time zone is )
  • #4,203
  • May 9, 2007 8:46am May 9, 2007 8:46am
Quoting pips4uandme
swissie short has been closed (whew ). Closed all my lots at 9:24 EST at 1.2145 for +48 pips (53 w/spread). Think it has more scope for downward movement but, I don't want to risk it (I had many more lots on than normal and wanted to bank profits without giving any back)

Happy trading all!
wow +48 just for today, congratulation pips4uandme... yeah, i agree with u ... and now i just wait swissie to continue up trend

well, update from my trade ... my Long Euro (1.3540) has been closed @ 1.3560 and that's +20 pips. so, today i get +37 pips total.

happy trading
  • #4,204
  • May 9, 2007 8:49am May 9, 2007 8:49am
Anyone notice cable just hit 2.0002? Tam.....another good long????

Another great MACD signal this week.....during "dangerous" trading topography......hmmm.... ....I think Phillip really shared an amazing system!!!

Thanks again Phillip!!!!

Happy trading everyone!
  • #4,205
  • May 9, 2007 8:56am May 9, 2007 8:56am
Woohoo! I took 18.5 pips on USDCHF and 17 on EURUSD!.. Not great but enough to recover from yesterday plus padding.. In both trades I took 1/2 off the table when the markets hesitated, placed stop at BE and let the other 1/2 ride to TP.. caution is OK as long as I'm a winner
  • #4,206
  • May 9, 2007 9:03am May 9, 2007 9:03am
Quoting DGC
Woohoo! I took 18.5 pips on USDCHF and 17 on EURUSD!.. Not great but enough to recover from yesterday plus padding.. In both trades I took 1/2 off the table when the markets hesitated, placed stop at BE and let the other 1/2 ride to TP.. caution is OK as long as I'm a winner
Great ... just keep up your good work ... hope it will ends with more pips for u DGC ...

i'm waiting for next trade ... never give up, wish everybody luck
  • #4,207
  • May 9, 2007 9:05am May 9, 2007 9:05am
Quoting pips4uandme
Anyone notice cable just hit 2.0002? Tam.....another good long????

Another great MACD signal this week.....during "dangerous" trading topography......hmmm.... ....I think Phillip really shared an amazing system!!!
Thanks again Phillip!!!!
yep cable + 68 pips on that RB signal - I followed the price changing SL and missed level 9989 and take trade on 9979

u/chf targeted my TP on 1.2146 + 25 pips

what a nice day with +93 pips and its not over now ...
  • #4,208
  • May 9, 2007 9:09am May 9, 2007 9:09am
Quoting freex
yep cable + 68 pips on that RB signal - I followed the price changing SL and missed level 9989 and take trade on 9979

u/chf TP targeted my TP on 1.2146 + 25 pips

what a nice day with +93 pips and its not over now ...
OMG today, everyone got a big pips, thanks to philip for the great system ... so, next time i'll make more pips too

btw nice trade freex ...
  • #4,209
  • May 9, 2007 9:14am May 9, 2007 9:14am
Hi guys, see my chart TF 1 Hour. I Have entered at RB signal 1.9888 and still in, you can see buy line.
I decide to enter because my Bottom Trendline, and some hours before BIG News and After a correction, my bet was to at least 30 pips recover, I never thought that could rise too much.
I could already stop it at R2 1.9994, but I have a feeling that today because of Statement EUR and GBP will rise at least 60 pips.
IF I see a quick downside I close it promptly.


BYE
MIKE
Attached Image (click to enlarge)
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  • #4,210
  • May 9, 2007 9:15am May 9, 2007 9:15am
Quoting pips4uandme
swissie short has been closed (whew ). Closed all my lots at 9:24 EST at 1.2145 for +48 pips (53 w/spread). Think it has more scope for downward movement but, I don't want to risk it (I had many more lots on than normal and wanted to bank profits without giving any back) .

Happy trading all!

PS. Congrats MizZu X7!!! Nice to wake up +17 pips!!! (or go to sleep? don't know what your time zone is )

Hope you compound it! I have stayed in and it's gone a bit funny. (Technical phrase)
Gone to a better place
  • #4,211
  • May 9, 2007 9:16am May 9, 2007 9:16am
Quoting pips4uandme
Anyone notice cable just hit 2.0002? Tam.....another good long????

Another great MACD signal this week.....during "dangerous" trading topography......hmmm.... ....I think Phillip really shared an amazing system!!!

Thanks again Phillip!!!!

Happy trading everyone!
Glad cable held near the support line last night and formed a cute MACD RB off the trendline. Wow, what a jump! Didn't we say earlier our outlook for pair is bullish? Analysis paid off.

I lost my "hedged" position of gbp/chf as a tribute to the market-makers.

Good work, cable longs! Congratulations, Phillip!
  • #4,212
  • Edited 10:13am May 9, 2007 9:49am | Edited 10:13am
Yesterday I gave a Buy order at limit 1.0006 and reach 1.0007!!
DAMN!!

When I reach at home about 2 hours later, I was furious!!!

Another good trade I lost!!

MIKE

-- Look at the chart how important are Resistances, it reach R2 1.1092, and Down I GO!
About CABLE it reach too R2 1.9992, this one a couple more and return back again, now my dilema is Do I close my open position if it reach 1.9950?

I like to trade news, and I see that here most don't, but I usually open a trade some hours before BIG news, I follow my feelings and watch charts to see where is the higher probability, to go UP or Down. The first 30Sec. after the News confirmation are very important. This is not to everyone, because you can lost 30 or more pip's in less than 1 minute in some cases, but until now I have won more than lose, and I have already 9 trades already done.
FOLLOW MACD GUYS, I only trade news because I am MAD!!
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  • #4,213
  • Edited 10:24am May 9, 2007 9:50am | Edited 10:24am
I honestly believe that Phillip is from another planet...another 'routine' bounce off of the 21....blue square area....

I've been really busy and haven't had as much time to post lately, gone for half of the week next week as well...

No open positions before the Fed...

FWIW:

pips4 : I know what you mean by the 'pokeyness' of the EURO$...I'm starting to look at the Swissie more but it's still kinda like that first date thing...sweaty palms, what to say, try not to act like a dork thing. Gotta get to know her first ...you gals have all the power.

I'm on my laptop with the broadband mobile connection by the way. Web pages a little slow but MT4 is tick for tick with the hardline machine in case anyone is interested....
Attached Image
  • #4,214
  • May 9, 2007 10:43am May 9, 2007 10:43am
Quoting Palmer
another 'routine' bounce off of the 21....blue square area....
Palmer, I use MA32 for USD/CHF and the bounce in the case is even more exact. You always may find something bounce off anything. IMHO MA's have to be individually adjusted according to the instrument and market condition, e.g. for last month I use MA56 for H4 EUR/USD.
http://forexbarometer.com/ipb/pics/u...a32-bounce.gif
Ben
  • #4,215
  • May 9, 2007 10:52am May 9, 2007 10:52am
Benf:

I agree 100%, that might be the elusive pokeyness variable. I'll look at that ma on the chart later. Thanks for the info. In case anyone is wondering, the dashed white line between the 8 and 21 ma is actually a 15ema. This is a head's up signal for me that price is 'approaching' the 21, nothing more. This has something to do with Phill's 'give or take' a few pips here and there because nothing is exact all the time as far as targets are concerned...
  • #4,216
  • May 9, 2007 11:03am May 9, 2007 11:03am
thanks to Phillip
hit first target at 2150,
thank you
  • #4,217
  • May 9, 2007 11:08am May 9, 2007 11:08am
Quoting smikester
Waiting to go short on this. Hopefully the trigger will come after the interest rate release.
Just my humble opinion on this pair:

1). CRB Index broke the support this week and it looks overall bearish. This is for reference: http://news.tradingcharts.com/futures/7/2/93063627.html;
2). We had 2 loonie-related news this week: Building permits and Housing Starts. It is interesting to compare the level of sentiment in response to these events.
The first event produced almost ten-fold variance from the expected number - actual 27.4% vs. 2.9%. So, greenback nose-dived again. Second event had only a marginal variance - actual 212K vs. 214K expected. But loonie fully retraced to where it was on Monday, even made some further decline. Can there be something else in the sentiment which shifts dollar-positive or rather commodities-negative?

I realize climbing out of muddy zone takes longer time than diving into it - there is room for play for everyone.

Just some of my non-MACD gibberish.
  • #4,218
  • May 9, 2007 11:25am May 9, 2007 11:25am
Info
Attached File(s)
File Type: zip Daily Wrapup 09May2007.zip   835 KB | 2,057 downloads
File Type: zip UsdChf.zip   381 KB | 1,572 downloads
  • #4,219
  • May 9, 2007 11:39am May 9, 2007 11:39am
Quoting tamkras
Just my humble opinion on this pair:

1). CRB Index broke the support this week and it looks overall bearish. This is for reference: http://news.tradingcharts.com/futures/7/2/93063627.html;
2). We had 2 loonie-related news this week: Building permits and Housing Starts. It is interesting to compare the level of sentiment in response to these events.
The first event produced almost ten-fold variance from the expected number - actual 27.4% vs. 2.9%. So, greenback nose-dived again. Second event had only a marginal variance - actual 212K vs. 214K expected. But loonie fully retraced to where it was on Monday, even made some further decline. Can there be something else in the sentiment which shifts dollar-positive or rather commodities-negative?

I realize climbing out of muddy zone takes longer time than diving into it - there is room for play for everyone.

Just some of my non-MACD gibberish.
Anytime you want to talk "gibberish" feel free. The thing is, you have really done your homework on this pair and it shows. I really liked your electrical diagram the other day.

I did dive in, and was S/L out at break even. Lucky.

Thanks for the informative post, Keep em coming. I learn something new every day.

Cheers

smikester
Gone to a better place
  • #4,220
  • May 9, 2007 2:05pm May 9, 2007 2:05pm
Keeping an eye on USD/CHF for a TC.
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