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4 Hour Strategy (MACD)

  • #8,501
  • Nov 15, 2007 12:56pm Nov 15, 2007 12:56pm
Quoting Golfer
Hi Phillip

Tx for the advice on daily MP3 regarding the $Y. Noted. And yes, pressure from above and the price went down.

I did manage a nett 15pips profit. Moving SL to BE after a few pips profit is very improtant.
Hi Phillip,
Very impressive results in this strategy. I see that some are missing the opportunities because of attention needed in odd hours. Is it not possible to build an EA to automate the entries and stoploss adjustments? Has anyone attempted? I am MQ4 programmer. I can try to build one. Can you help in understanding the system better?

Thanks.
Arun
  • #8,502
  • Nov 15, 2007 12:56pm Nov 15, 2007 12:56pm
.
Attached File(s)
File Type: doc Daily Warpup 15 November 2007.doc   24 KB | 597 downloads
  • #8,503
  • Nov 15, 2007 12:58pm Nov 15, 2007 12:58pm
Quoting ashes
.
I appreciate it.
Thanks
  • #8,504
  • Nov 15, 2007 1:26pm Nov 15, 2007 1:26pm
Thank you OldDog

Best regards
  • #8,505
  • Nov 15, 2007 2:11pm Nov 15, 2007 2:11pm
  •  iPip
  • | Joined Nov 2007 | Status: Listen to the rhythm of the market | 5 Posts
Thanks Phillip!

Regards
iPip
  • #8,506
  • Nov 15, 2007 2:14pm Nov 15, 2007 2:14pm
Hi,

On 4H chart, 21 ma looks like a resistance and is down trend. The Macd is showing down and cross the 0 line.

Is the time to short Eur/USD?

Thanks,

James

http://www.forexfactory.com/C:\Docum...nts\eurusd.gif
  • #8,507
  • Nov 15, 2007 2:53pm Nov 15, 2007 2:53pm
Quoting Forex4H
Hi,

On 4H chart, 21 ma looks like a resistance and is down trend. The Macd is showing down and cross the 0 line.

Is the time to short Eur/USD?

Thanks,

James

http://www.forexfactory.com/C:\Docum...nts\eurusd.gif
I am going to stay out of that, could it work sure but it's 50/50 and I don't like the odds. The chart looks like crap. Maybe after the 8ma crosses the 21ma and then price hits the 21ma I may go short.
Keep taking CT trades, I need more money
  • #8,508
  • Nov 15, 2007 3:19pm Nov 15, 2007 3:19pm
Hi,

not a 4h macd post ... but maybe helpful for those that
don't have cable or satellite tv/radio, like me .

http://www.bloomberg.com/tvradio/ind...=intro_tvradio

Greetings
  • #8,509
  • Nov 15, 2007 4:08pm Nov 15, 2007 4:08pm
Possible entry on the gbpusd... It looks like a buying opportunity. There is negative divergence on MACD, high low signal, and support line around 2.0430.

Just curious what you guys think.
Attached Image (click to enlarge)
Click to Enlarge Name: gpdusd.JPG Size: 240 KB
  • #8,510
  • Nov 15, 2007 4:29pm Nov 15, 2007 4:29pm
hello everyone one. here is a clean chart of euro. is it just me or is that a doupble top on euro. Recent motion for euro is break through 21 - down- pull back and then a move away - down. this is the most recent action, have to keep in mind the bullish mode it is in. could be a correction down to the 89. But it is not a good time of the day to trade so i am not entering a position right now, will see where it stands later tonight. what do u guys think????
Attached Image (click to enlarge)
Click to Enlarge Name: double top.jpg Size: 170 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #8,511
  • Nov 15, 2007 4:29pm Nov 15, 2007 4:29pm
Quoting merrittb
Although i have more of a downside anticipation with the gbp/usd, i can't help but notice this divergence!! Maybe a bounce back to the 21 or 89 before continuing down?

What do you guys think about the divergence?
merrittb:

I'm not saying that I have totally discounted divergence nowadays but I have decided to let that divergence play itself out and make my trading decisions based on the method entires. I've tried to anticipate a move with divergence showing, even using the RSI, but perfect timing with a market turn is hard to do. If there is a Rb showing with bearish MACD divergence, I'll still take the Rb signal even with the price making a higher high and the MACD showing a lower top or rounded bottom. The price may still break to the downside eventually but I guess what I'm saying is that I give more weight to the method signals vs. the divergence signal formation...


Either way, I'm back from travel, it was work related not 'fun chasing bikini's' related I assure you. Looks like I have a few pdf's and mp3's to get caught up on...Hope everyone banked something....
  • #8,512
  • Nov 15, 2007 5:09pm Nov 15, 2007 5:09pm
Thanks Palmer, I'll take what you've said to heart.
"The market pays you to be disciplined"
  • #8,513
  • Nov 15, 2007 6:04pm Nov 15, 2007 6:04pm
Ive just got a round bottom 4hour Macd, and 16 hours worth of testing the 2.420 region.

Im thinking about a possible buy , anyone else thinking the same at the moment.??
  • #8,514
  • Nov 15, 2007 6:23pm Nov 15, 2007 6:23pm
not with trend and also under 365ma, poss few pips back to the 8ma.
  • #8,515
  • Nov 15, 2007 6:24pm Nov 15, 2007 6:24pm
Quoting martaroony
Ive just got a round bottom 4hour Macd, and 16 hours worth of testing the 2.420 region.

Im thinking about a possible buy , anyone else thinking the same at the moment.??
Looks good to me as well, but I'm a newbie and took the last lower/high even thought it broke the 200MA. This time it's broken the 365 and has found support. I also have a trend line through the lows of Mid August and Mid September which would have support down at 2.035 or so....
  • #8,516
  • Nov 15, 2007 6:29pm Nov 15, 2007 6:29pm
could be moving down to 89ma and trend line on daily chart?
  • #8,517
  • Nov 15, 2007 6:49pm Nov 15, 2007 6:49pm
Quoting pips4uandme
To all of us non-superhumans...those of us who must sleep...here is an idea if you are concerned about missing your TP by a few pips:

Set an alarm on your computer 10 pips before your profit target (I do this for my break even levels -- once the trade is moved into BE, we can sleep undisturbed). Pips
Thanks Pips.
alertfx.com also offers a free alert service. I get
"love notes" all the time on my phone. Nice to get an alert that my TP was hit in the middle of a business meeting:
  • #8,518
  • Nov 15, 2007 8:45pm Nov 15, 2007 8:45pm
Quoting bigkahoona
could be moving down to 89ma and trend line on daily chart?
BigKahoona, I think the market is answering our questions...S1 pivot/trend line/and your 89ma (daily) all around 2.036
  • #8,519
  • Nov 15, 2007 9:00pm Nov 15, 2007 9:00pm
Guys, if you are going to use RSI or CT at this point on the 4hr I think it's VERY high risk. I CT traded for years and on the 3min it works well, on the 4hr there is a much better TRENDING market so trying to catch a bottom is going to cost you money over and over. Go over the EUR and GBP and take all the TC trades after it has bounced the 21ma and see how you do. I know I am over 90% winnners in the past 2-3 months with over 300 a month. Remember someone is always the losser in the market, don't be that guy. Be smart trade the trend or if it's a nice Round CT trade far away from the 8ma.
Keep taking CT trades, I need more money
  • #8,520
  • Nov 15, 2007 9:20pm Nov 15, 2007 9:20pm
Quoting Foricks
Thanks Pips.
alertfx.com also offers a free alert service. I get
"love notes" all the time on my phone. Nice to get an alert that my TP was hit in the middle of a business meeting:
-- love the use of language!! Thanks for the smile!
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