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4 Hour Strategy (MACD)

  • #6,541
  • Aug 29, 2007 10:01am Aug 29, 2007 10:01am
Trying.............to do something. We may see another rebound.
  • #6,542
  • Aug 29, 2007 10:23am Aug 29, 2007 10:23am
Will EUR break the 4hr 200 MA sooner or later and reach the top of the parallel channel? Since I am still pickup up this strategy, in this case, should i pay attenetion to the hourly and daily chart? Daily MACd seems to turn green, will a round top being formed again?
Pls advice
  • #6,543
  • Aug 29, 2007 10:27am Aug 29, 2007 10:27am
Sorry, here's my chart
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  • #6,544
  • Aug 29, 2007 10:39am Aug 29, 2007 10:39am
Quoting dondon
Will EUR break the 4hr 200 MA sooner or later and reach the top of the parallel channel? Since I am still pickup up this strategy, in this case, should i pay attenetion to the hourly and daily chart? Daily MACd seems to turn green, will a round top being formed again?
Pls advice
If price breaks the 200 MA cleanly, it most likely will return and test it as support. This is when I would consider going long, although, it may be awhile before this happens. Wait for price to do its thing. I do not see it hitting the upper channel soon, maybe in a day or so. Take it for whats it worth, I am new to FX, and have definately been wrong before.
Dion
  • #6,545
  • Aug 29, 2007 10:47am Aug 29, 2007 10:47am
Quoting HipsterPipster
If price breaks the 200 MA cleanly, it most likely will return and test it as support. This is when I would consider going long, although, it may be awhile before this happens. Wait for price to do its thing. I do not see it hitting the upper channel soon, maybe in a day or so. Take it for whats it worth, I am new to FX, and have definately been wrong before.
Dion
Thanks Hipster.I like your analyses.Keep it up please.I have 52 pips to break the channel in my chart.
Mike
Failure, is a wonderful teacher!
  • #6,546
  • Aug 29, 2007 11:17am Aug 29, 2007 11:17am
can any once tell me this which is the best plate form to use that system Meta trader or interbank fx these plate form are difference of time frame that effect the macd patteren plz Guys help me out
  • #6,547
  • Aug 29, 2007 11:20am Aug 29, 2007 11:20am
For markets to move they need energy. We have two forces, bears and bulls. Yesterday, the bears rallied against the bulls. They formed a front and pushed the bulls all the way back down to the 89, where the bulls were safe in their pen. But, the bulls rested in their pen, and got enough energy to attack the bears. The bears, weaked from such a hard fight and so much distance, didn't have much energy left to resist. So, the bulls, seeing their opportunity, have attacked and are pushing hard. They have pushed the bears all the way back to the 200 MA, where it just so happens that the bears have their cave. We will see if the bulls can continue to fight and overcome the bears in their cave. If the bulls do take over the bears cave, 200 MA, they most likely will make it their pen and will be able to rest. The bears will not like this, and will most definately try and reclaim their territory. Watch to see who wins the resting places.
Dion
  • #6,548
  • Aug 29, 2007 12:00pm Aug 29, 2007 12:00pm
Quoting HipsterPipster
For markets to move they need energy. We have two forces, bears and bulls. Yesterday, the bears rallied against the bulls. They formed a front and pushed the bulls all the way back down to the 89, where the bulls were safe in their pen. But, the bulls rested in their pen, and got enough energy to attack the bears. The bears, weaked from such a hard fight and so much distance, didn't have much energy left to resist. So, the bulls, seeing their opportunity, have attacked and are pushing hard. They have pushed the bears all the way back to the 200 MA, where it just so happens that the bears have their cave. We will see if the bulls can continue to fight and overcome the bears in their cave. If the bulls do take over the bears cave, 200 MA, they most likely will make it their pen and will be able to rest. The bears will not like this, and will most definately try and reclaim their territory. Watch to see who wins the resting places.
Dion
Gotta love it.!!!!
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #6,549
  • Aug 29, 2007 12:09pm Aug 29, 2007 12:09pm
Dear phillip and all

Any comments on this trade ..
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  • #6,550
  • Aug 29, 2007 12:16pm Aug 29, 2007 12:16pm
Hi all

Just to refresh our memories >> phillip rules said :

when the price goes through the 89SMA it tends to pull back to the 21EMA before proceeding the trend. We have a situation now where the price went up through the 89SMA so we are waiting to pulled back to the 21 EMA. The MACD will show me when the trend is continued above the 89SMA and then I will enter long.
If The price moves away from the 21EMA coming up and the MACD shows our trend continue setup so we can go long again .

BBest wishes
AAmmar
  • #6,551
  • Aug 29, 2007 12:17pm Aug 29, 2007 12:17pm
Quoting aboammar
Dear phillip and all

Any comments on this trade ..
That was a good trade.
  • #6,552
  • Aug 29, 2007 12:25pm Aug 29, 2007 12:25pm
Quoting aboammar
Hi all

Just to refresh our memories >> phillip rules said :

when the price goes through the 89SMA it tends to pull back to the 21EMA before proceeding the trend. We have a situation now where the price went up through the 89SMA so we are waiting to pulled back to the 21 EMA. The MACD will show me when the trend is continued above the 89SMA and then I will enter long.
If The price moves away from the 21EMA coming up and the MACD shows our trend continue setup so we can go long again .

BBest wishes
AAmmar

Just remember that there are trendlines invovle as well. It might not have a clean pullback to the 21EMA. Just be cautious
  • #6,553
  • Edited 12:28pm Aug 29, 2007 12:27pm | Edited 12:28pm
Quoting aboammar
Hi all

Just to refresh our memories >> phillip rules said :

when the price goes through the 89SMA it tends to pull back to the 21EMA before proceeding the trend. We have a situation now where the price went up through the 89SMA so we are waiting to pulled back to the 21 EMA. The MACD will show me when the trend is continued above the 89SMA and then I will enter long.
If The price moves away from the 21EMA coming up and the MACD shows our trend continue setup so we can go long again .

BBest wishes
AAmmar
well done. just remember the 365 is there too and can act as potential support , something to keep an eye on.
OK i guess phillip beat me to it, he is MASTER JEDI after all.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #6,554
  • Aug 29, 2007 12:27pm Aug 29, 2007 12:27pm
Knocking on the 200 again???
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  • #6,555
  • Aug 29, 2007 12:29pm Aug 29, 2007 12:29pm
Quoting Phillip Nel
That was a good trade.
I am glade to read from you out teacher and realy very happy with this strategy .. because I was very harry in the past and I lost many trades .. but when I read your strategy I learn many things and the most useful thing is how to becoming patient ..

Best Regrads
Ammar
  • #6,556
  • Aug 29, 2007 12:38pm Aug 29, 2007 12:38pm
Quoting Phillip Nel
Just remember that there are trendlines invovle as well. It might not have a clean pullback to the 21EMA. Just be cautious
Quoting BIL2205
well done. just remember the 365 is there too and can act as potential support , something to keep an eye on.
OK i guess phillip beat me to it, he is MASTER JEDI after all.
Hi .. yes right .. so I think t may retrace between them (Daily trend line, price level at 2.0100 and 365) and will see how it will acts .. but also it may cotinue to 200 sma .. it can ?

ammar
  • #6,557
  • Aug 29, 2007 1:33pm Aug 29, 2007 1:33pm
GBP/USD: If retraces, I don't see it going much further than 2.0073-2.0090 area. We have a Daily R1, MA 365, Fib 38, as well as the MA 8 and 21 close by. If it goes through these, it may die out around 2.0044, Daily Pivot and fib 61.
EUR/USD: Maybe will fall to 1.3620 area, Daily Pivot and fib 38, as well as MA 8 and 21.
  • #6,558
  • Aug 29, 2007 2:16pm Aug 29, 2007 2:16pm
Help a newbie lol! I use VT Trader and I cant set 365 EMA! The limit seems to be 1 to 255.
  • #6,559
  • Aug 29, 2007 2:29pm Aug 29, 2007 2:29pm
Just use MT4
  • #6,560
  • Aug 29, 2007 2:45pm Aug 29, 2007 2:45pm
Quoting pips4uandme
Another nice one, my friend, the brave sole! . Looks like you are +50 so far!! AWESOME!
Weehoo, my hat just blew off. Still in, 100 trailing stop. Will reconsider if tests 115.74 area hard.
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