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4 Hour Strategy (MACD)

  • #6,721
  • Edited 6:11am Sep 5, 2007 5:56am | Edited 6:11am
Quoting dondon
Any upside breakout potential as the 89 EMA is now slightly tilting upward?
Hello dondon,

I have noticed as well, and in the past it seemed to have some significance. It's certainly acting as a good support as it took 3 bounces, on the 29th, yesterday, and today again. So, the price really getting squashed between the 89 and 200. As, for a break to the upside I don't know?! But, I would probably favor a slight upward bias. It may take until Friday's NFP to get a strong move. Until then, perhaps this consolidation will continue.

Nipper
  • #6,722
  • Sep 5, 2007 5:58am Sep 5, 2007 5:58am
To me E/U long looks risky at the moment. The price didn't close above 365MA and price level 1.3600 and the most important it didn't close above 21MA. I see no clear signal on MACD on my chart. Anyway it may work, just a litttle bit early for me.

I like much more U/J at the moment: price made double top (IT), from TL, evening star, bearish divergency, MA's are pointing down, on the daily it's perfectly with MR rules - from 21 with the trend. MACD has also given a kind of RT. I am short at the moment.
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  • #6,723
  • Sep 5, 2007 7:04am Sep 5, 2007 7:04am
Quoting Palmer

Interesting development in the $Yen. Price at a long term downtrend line and the MACD may be showing some bearish divergence as well. If you too the Tc signal be ready for a pullback that might develop...
Still holding the short from 116.25..non farm payroll may whipsaw. 50 are locked in...
  • #6,724
  • Sep 5, 2007 7:34am Sep 5, 2007 7:34am
Anyone heard from Phillip?
  • #6,725
  • Sep 5, 2007 8:10am Sep 5, 2007 8:10am
ira:
I agree, E$ looks choppy and range bound since last week. Beige book report may break it out to get moving again...
  • #6,726
  • Sep 5, 2007 9:55am Sep 5, 2007 9:55am
Quoting alexfot
I took long at 1.3620, just to figure out who is right.
Just closed it with 30 pips plus. But I had about -40 yesterday. So the market was in the range and still there.
  • #6,727
  • Sep 5, 2007 10:21am Sep 5, 2007 10:21am
Hi
I was trying with Fari today @12:00 candle to get the info to the forum that on EurUsd was a chance to position for a long trade and let it go to beyond 200SMA. E-mail servers just take to long to deliver. It was a very nice positional trade to go long off the 89SMA. MACD has not confirmed yet but it found support on 89SMA on 4 out of six candles and 89angled upwards.
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  • #6,728
  • Sep 5, 2007 11:00am Sep 5, 2007 11:00am
Hi all,

eur/usd is heading to the sky. What do you think, is this movement going to continue? How far?

Greetings
  • #6,729
  • Sep 5, 2007 11:06am Sep 5, 2007 11:06am
This is really keep it simple system. Wonderful, i have tried it. it's working good.
  • #6,730
  • Sep 5, 2007 11:11am Sep 5, 2007 11:11am
Quoting Phillip Nel
Hi
I was trying with Fari today @12:00 candle to get the info to the forum that on EurUsd was a chance to position for a long trade and let it go to beyond 200SMA. E-mail servers just take to long to deliver. It was a very nice positional trade to go long off the 89SMA. MACD has not confirmed yet but it found support on 89SMA on 4 out of six candles and 89angled upwards.

OMG.......philip, your the man.....been using ure 4hr MACD since june..and im using it now with 95% confidence...unfortunately i missed the sudden shoot, and im grabbin as much retracement from that shoot...once again philip, you have proven yourself......

rgds
  • #6,731
  • Sep 5, 2007 12:10pm Sep 5, 2007 12:10pm
Info
Attached File(s)
File Type: zip Daily Wrapup 05Sept2007.zip   755 KB | 1,392 downloads
  • #6,732
  • Sep 5, 2007 1:23pm Sep 5, 2007 1:23pm
Quoting Phillip Nel
Info
Hello everyone here is the written copy of the daily wrap up mp3 from sept 5th .
Nadia
Attached File(s)
File Type: doc Daily wrap up sept 5th 2007.doc   24 KB | 633 downloads
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #6,733
  • Sep 5, 2007 1:32pm Sep 5, 2007 1:32pm
Thanks to all you people that is typing those Mp3's. I and a lot of other people are really appreciating it. It is nice to see people helping each other.
Phillip
  • #6,734
  • Sep 5, 2007 1:46pm Sep 5, 2007 1:46pm
How does the USD/CAD look to go higher? There is trend line support. The 8 is rising and the 21 is heading lower. A round bottom occurred 4 candles ago.
  • #6,735
  • Sep 5, 2007 1:48pm Sep 5, 2007 1:48pm
The 200 'might' be proving to be tough resistance to break through again on the E$..
  • #6,736
  • Sep 5, 2007 2:12pm Sep 5, 2007 2:12pm
Quoting Palmer
The 200 'might' be proving to be tough resistance to break through again on the E$..
hello palmer, i am confused did you mean 200 as support now since price has retraced to it.
Also anyone looking at euro / yen for a possible long position , double bottom on the chart, not macd, long tail with 89 rejection also bottom trendline rejection. any thoughts.
on euro and cable if price finds support on 200 would it be a nice setup to go long. thankyou in advance for your opinions.
nadia
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #6,737
  • Sep 5, 2007 2:21pm Sep 5, 2007 2:21pm
Quoting BIL2205
Hello everyone here is the written copy of the daily wrap up mp3 from sept 5th .
Nadia
Many thanks !!!!!!!!!!!!!!!!!!!!!!
  • #6,738
  • Sep 5, 2007 2:30pm Sep 5, 2007 2:30pm
Nadia:

Forget what I said about the 200 on the 4hr. I was/am watching the 1hr and saw that price was turning down and had my logic confused with the two charts. I was/am thinking that there has yet to be a significant run with price with a close above the 200 on the 4hr charts, saw the price retreating on the 1hr and was typing before thinking. I took a very aggressive counter trend trade short per the one hour because of this with a 20 pip sl and target. Again, this is a very early aggressive trade against the trend so "The information represented here is for educational purposes only"...
  • #6,739
  • Sep 5, 2007 2:42pm Sep 5, 2007 2:42pm
thanks palmer, i took a counter trend on euro as well, at 200sma , with micro lot,very risky and aggressive approach, wanted to test resistance, went - 25 but closed at - 6 pips. Currently long at 200 sma retrace at 1.3650, again very aggressive approach. how ever if this is a valid breakout i think it is a good price to get in. willing to take the risk, I am trying to factor in support and resistance along with macd . thanks for replying though.
NAdia,
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #6,740
  • Sep 5, 2007 2:44pm Sep 5, 2007 2:44pm
Quoting pips4uandme
Since I'm the annoying kid in class who always raises their hand w/the answer ....

Cable is GBP/USD reason: because of the transatlantic cable that connects US and UK

Just FYI:

Euro/Usd = euro or fiber
Usd/CHF = swissy


& MikeWong! What an adventure you are embarking on! Yes, Nison's is the Candlestick Patterns....Master the emotions since you get the opportunity to start fresh!! I'm so excited for you! You too Bernardi!! Sounds like you might be a bit fresh too!!!!

Pips
hei thanks !

yea, i'm a bit fresh here, but not soon..

Hm, is it good time to enter to any market? since everything seems in the consolidation period... (prob E/Can and GBP/CHF you can tap in)
all major resistance MA seems close to each other...

Any comments?

Thanks !
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