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4 Hour Strategy (MACD)

  • #5,261
  • Jun 20, 2007 7:16am Jun 20, 2007 7:16am
Hi Ira , hope u are hanging in there, i dont think u should stop posting your analysis here, we are all mature adullts and understand that our decisions are our own. like in my recent post for EURO analysis i said that everyone has a diff time frame on their platform so my chart and macd may diff from theirs. but by sharing each others analysis we can learn , even if we make a mistake (over and over ) we should learn from it. By the way i've switched to 5 min system recently as well while working on 4 hour bec it keeps me going. and i made + 10 pips today on the swissy. . this is how my screen looks like, . i concentrate on GDP, EURO and swissy and the JPY is there just for high probability trades. it also keeps me upddated to where the price is,
Again this split screen idea may not be right for everyone . so good luck with your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: chf.jpg Size: 74 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #5,262
  • Jun 20, 2007 7:20am Jun 20, 2007 7:20am
Hi all,

EUR/USD has not yet shown its decision. So I decided to look at this pair. It is on the verge of dropping out of upward trend channel. What is your take ?
Attached Image
  • #5,263
  • Edited 9:45am Jun 20, 2007 7:44am | Edited 9:45am
hi kappa, i am still not an expert but this is how i look at it, on the 4 hr chart the price is above 89 and 38 fib. and interestingly on the daily chart 21 and 38 fib are over lapping at price 1.2345. i think this price point will be what i will be looking for bec on the 4 hour the price might go to 38 fib= 1.2345 and at that point it will be very close to 89 MA.(remember the position of the 89 Ma or any MA for that matter is more imp than the price point so will be watching the price movement in relation to MA closely)right now it is sitting on a trend line starting from 29th march. it might linger here for some time and then move down to 89 from where it will take its true direction. this is just my analysis. good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.jpg Size: 72 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #5,264
  • Jun 20, 2007 8:14am Jun 20, 2007 8:14am
Lynn:

Try this....

Pay no attention to the gray vertical lines....
Attached Image
  • #5,265
  • Jun 20, 2007 8:32am Jun 20, 2007 8:32am
I see it better on your chart.

Thank you
  • #5,266
  • Jun 20, 2007 9:19am Jun 20, 2007 9:19am
lerner
can u share to me ur MACD indicator, i wanna see colums on MACD like in ur screenshot

thanks
  • #5,267
  • Jun 20, 2007 9:24am Jun 20, 2007 9:24am
Quoting 4newbie
lerner
can u share to me ur MACD indicator, i wanna see colums on MACD like in ur screenshot

thanks
Please see attached.
Attached File(s)
File Type: mq4 MACD_H4_300_v100.mq4   3 KB | 681 downloads
  • #5,268
  • Jun 20, 2007 10:08am Jun 20, 2007 10:08am
Look as MA200 interestingly keeps euro on М15
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min EURUSD.jpg Size: 62 KB
  • #5,269
  • Jun 20, 2007 11:22am Jun 20, 2007 11:22am
Mp3 Part 1 with Pdf file
Attached File(s)
File Type: pdf EurUsd May_June2007.pdf   774 KB | 1,725 downloads
File Type: zip EurUsd May_June Part1.zip   802 KB | 1,462 downloads
  • #5,270
  • Jun 20, 2007 11:25am Jun 20, 2007 11:25am
Mp3 Part 2
Attached File(s)
File Type: zip EurUsd May_June Part2.zip   836 KB | 1,435 downloads
  • #5,271
  • Jun 20, 2007 12:19pm Jun 20, 2007 12:19pm
Thank you very much, this strategy is very interesting.

I have a question about it:

Can i applied this strategy as 1 day strategy?

Thanks in advance!!!
________ EAZM-FX
  • #5,272
  • Jun 20, 2007 12:21pm Jun 20, 2007 12:21pm
Edgar:

Yes it can but you have to be able to 'afford' the stops.
  • #5,273
  • Jun 20, 2007 12:26pm Jun 20, 2007 12:26pm
Quoting Phillip Nel
Mp3 Part 2

Thanks for the Mp3 Phillip. Every bit helps
  • #5,274
  • Jun 20, 2007 1:54pm Jun 20, 2007 1:54pm
Thank you Palmer,

I am a new people in this forum. What can i do to read post #4496?

Thanks in advance

Quoting Palmer
Edgar:

Yes it can but you have to be able to 'afford' the stops.
Edgar:

Yes it can but you have to be able to 'afford' the stops.
__________________
May The Pips be with you. They will if you read post #4496!!!
________ EAZM-FX
  • #5,275
  • Jun 20, 2007 2:01pm Jun 20, 2007 2:01pm
Quoting edgarandreszm
Thank you Palmer,

I am a new people in this forum. What can i do to read post #4496?

Thanks in advance



Edgar:

Yes it can but you have to be able to 'afford' the stops.
__________________
May The Pips be with you. They will if you read post #4496!!!

Go to page 300. Click down arrow next to page numbers on top and type page 300 and then scroll to post 4496
  • #5,276
  • Jun 20, 2007 2:05pm Jun 20, 2007 2:05pm
Hi guys...

Time to confess my stupidity (figure since I'm always targeting bad stops...I'd share my inability to listen to my own advice ).

The market is pretty quiet and borring this week....anyone notice?

So...I got the bright idea to go for a quick ride on the orient express (my boyfriend calls it heroin...and tells me to stay off the smack...you see what's coming, yeah?).

So... I don't want to trade against the trend...and it's at all time highs...and there is no MACD signal....but, I'm bored....so, what the heck...right...?

Place my order...happy with the fill....look for where my stop should be. According to my charts, it needs to be below 244.71 minus spread...so it should have been at 244.61 or less. But.....if I bumped it to 244.80 (what's a few pips between me and G/J I could add another lot! And I was shooting for +100 pips...my stop was set for 60....Hey looking good!!

@ 3AM est....Freaking Stop Hunting started! I haven't fallen victim to this practice in at least 6 months (Know why? b/c I traded better....or was lucky..) Yup, price bounced at 244.69....up over my 100 pip target....but I didn't get it....instead lost A LOT of pips....why? Because my trade stunk! Because my stop was horrible!!! Because my reasons for trading were bad!

So...The market truly does reflect back the quality of our actions....and this quality was s&I#! Hey, but at least I got to ride on the train, right?

Just thought I'd share how easy it is to get bored...and be dumb! We all do it sometime...so please, please please....don' be stupid like me!!! Stay off the drugs...don't trade for a rush...or for ??? unless the real reasons are there. Thank goodness for this system...Maybe I'll recoup the loss by the end of next month!!

Gotta go backtest 100 trades now (that's what I do when I exhibit bad behaviour in the market. I'm not allowed to place a live trade until the excercise is done....)....see you guys in a few days....

Happy Pipping,

Pips

PS... O'Zeeke...know how you were waken by your dog....I got this really weird queasy feeling...w/tingles...couldn't figure out what was going on...went to check the trade right as price bounced from the stop running... then the feeling ended..weird how we get "signs." Give Tito a big pat!!
  • #5,277
  • Jun 20, 2007 2:05pm Jun 20, 2007 2:05pm
Phill,

I donīt have time to be all time in front of pc to apply 4 hour strategy.

What do you thing about to apply your strategy but, daily....i want to use the same tools but in daily analisys....

Thanks in advance!!!

Quoting Phillip Nel
Go to page 300. Click down arrow next to page numbers on top and type page 300 and then scroll to post 4496
________ EAZM-FX
  • #5,278
  • Jun 20, 2007 2:10pm Jun 20, 2007 2:10pm
Hello Edgar, as Phillip mentionned, go on page 300 and you will find his Mp3 and charts.

Also, if you want to read to the audio transcript that I have made of this incredible MP3, you can go to page 301 post 4509.

In fact all MP3, attachements and post of Phillip are very important + all the others marvelous contributors such as Palmer, Tamkras, Pips4uandme, Dire, Heart, Alcastro and a lot others.

Whishing you a lot of pips and a great learning experience on this thread.

If you put the necessary work to master it, you will be happy to be grateful to the God of Wealth to hae bring your path of life to encounter this thread.

And Phillip, thank for your great MP3s of yesterday and today. They are very great as usual.

Shreem
  • #5,279
  • Jun 20, 2007 2:28pm Jun 20, 2007 2:28pm
Quoting pips4uandme
Hi guys...

Time to confess my stupidity (figure since I'm always targeting bad stops...I'd share my inability to listen to my own advice ).

The market is pretty quiet and borring this week....anyone notice?

So...I got the bright idea to go for a quick ride on the orient express (my boyfriend calls it heroin...and tells me to stay off the smack...you see what's coming, yeah?).

So... I don't want to trade against the trend...and it's at all time highs...and there is no MACD signal....but, I'm bored....so, what the heck...right...?

Place my order...happy with the fill....look for where my stop should be. According to my charts, it needs to be below 244.71 minus spread...so it should have been at 244.61 or less. But.....if I bumped it to 244.80 (what's a few pips between me and G/J I could add another lot! And I was shooting for +100 pips...my stop was set for 60....Hey looking good!!

@ 3AM est....Freaking Stop Hunting started! I haven't fallen victim to this practice in at least 6 months (Know why? b/c I traded better....or was lucky..) Yup, price bounced at 244.69....up over my 100 pip target....but I didn't get it....instead lost A LOT of pips....why? Because my trade stunk! Because my stop was horrible!!! Because my reasons for trading were bad!

So...The market truly does reflect back the quality of our actions....and this quality was s&I#! Hey, but at least I got to ride on the train, right?

Just thought I'd share how easy it is to get bored...and be dumb! We all do it sometime...so please, please please....don' be stupid like me!!! Stay off the drugs...don't trade for a rush...or for ??? unless the real reasons are there. Thank goodness for this system...Maybe I'll recoup the loss by the end of next month!!

Gotta go backtest 100 trades now (that's what I do when I exhibit bad behaviour in the market. I'm not allowed to place a live trade until the excercise is done....)....see you guys in a few days....

Happy Pipping,

Pips

PS... O'Zeeke...know how you were waken by your dog....I got this really weird queasy feeling...w/tingles...couldn't figure out what was going on...went to check the trade right as price bounced from the stop running... then the feeling ended..weird how we get "signs." Give Tito a big pat!!

I was looking at that setup and the 1Hour gave a perfect early entry. When the going is good one tends to waver ones rules. Happens to everybody. Me included. Then it is back to backtesting just to get the feeling of the rules again. Thanks for sharing this with us.
  • #5,280
  • Jun 20, 2007 2:52pm Jun 20, 2007 2:52pm
Quoting edgarandreszm
Phill,

I donīt have time to be all time in front of pc to apply 4 hour strategy.

What do you thing about to apply your strategy but, daily....i want to use the same tools but in daily analisys....

Thanks in advance!!!
I am going to create a daily chatroom on skype for those interested for the Daily strategy. Will post the link later.
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