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4 Hour Strategy (MACD)

  • #8,541
  • Nov 16, 2007 3:18am Nov 16, 2007 3:18am
Quoting Foricks
Could have been worse, Saka...
I slept through the rally past 1.47 and missed moving my stop per my plan.
Sleep is evil...sleep is evil...sleep is evil...
God bless you.....
Plan your trades and trade your plans
  • #8,542
  • Nov 16, 2007 3:24am Nov 16, 2007 3:24am
PLS invite me to the skype chat

username wangzehua83
thanks

BTW, for those guys who must go to sleep after enter a trade, I want to say, if you are at China, you will find here is a very good time zone to trade forex
Plan your trades and trade your plans
  • #8,543
  • Nov 16, 2007 7:02am Nov 16, 2007 7:02am
Stop @ cost, closing a few +104 letting the rest ride.
Keep taking CT trades, I need more money
  • #8,544
  • Nov 16, 2007 7:04am Nov 16, 2007 7:04am
Quoting Foricks
Ry,
I saw the same thing. RT, Evening star, above today's Pivot Pt, Stoch overtraded.
I am trying to take your advice to stop chasing CT's but this one was screaming "pick me". I took profit at .9793 (8EMA) but could see it going lower. ...and I didn't go to sleep this time!
The Cad is in a great rhythm right now. It makes these "scallops" that even I can see. I am up 151 (7 out of 9) on this pair since 10/25 between the 4H and 5Min systems.

Thanks Phillip!
Ya, not a huge fan of the CT trades but this one was too sweet to pass up
Keep taking CT trades, I need more money
  • #8,545
  • Nov 16, 2007 8:41am Nov 16, 2007 8:41am
Nice trade Ryan...I'm starting to look at a few other currencies specifically for Tc trades. But only if the Rhythm is strong, +2 for a while. Going to catch up on things this weekend looking back at those +2 trends...watching the $Yen for a Tc as we speak....
  • #8,546
  • Nov 16, 2007 9:35am Nov 16, 2007 9:35am
Please invite me to the Skype chat, I think i left it by accident and now i dont know how to get back in there

name: eklingfx
  • #8,547
  • Nov 16, 2007 9:48am Nov 16, 2007 9:48am
Quoting Palmer
Nice trade Ryan...I'm starting to look at a few other currencies specifically for Tc trades. But only if the Rhythm is strong, +2 for a while. Going to catch up on things this weekend looking back at those +2 trends...watching the $Yen for a Tc as we speak....

Great minds think alike, I am looking at the Yen as well. Going to guess it will be 1-2 bars away.
Keep taking CT trades, I need more money
  • #8,548
  • Nov 16, 2007 10:10am Nov 16, 2007 10:10am
Quoting Ryanmcd
Great minds think alike, I am looking at the Yen as well. Going to guess it will be 1-2 bars away.
Are you guys looking for a possible zero bounce and then to go short?

That is what I see when looking at the chart that could be possibly forming.

Or are you looking at possible divergence and a zero MACD cross and long to the 89?

I just want to see if I am on the same wave length as you. What about trading on a Friday afternoon. Are you okay with that?
  • #8,549
  • Nov 16, 2007 10:20am Nov 16, 2007 10:20am
Quoting unlv_tj
Are you guys looking for a possible zero bounce and then to go short?

That is what I see when looking at the chart that could be possibly forming.

Or are you looking at possible divergence and a zero MACD cross and long to the 89?

I just want to see if I am on the same wave length as you. What about trading on a Friday afternoon. Are you okay with that?

I am looking for a TC pattern down off the 21ma, so I am looking to get short. As it stands it's not looking so great. Also does not matter what day/time it is to me, if there is a trade I think will work I will take it.
Keep taking CT trades, I need more money
  • #8,550
  • Nov 16, 2007 10:21am Nov 16, 2007 10:21am
Out +110 on the rest of USDCAD. Back to waiting
Keep taking CT trades, I need more money
  • #8,551
  • Nov 16, 2007 11:36am Nov 16, 2007 11:36am
Thanks for posting your trades.
Phillip
  • #8,552
  • Nov 16, 2007 11:45am Nov 16, 2007 11:45am
Looks like USDJPN went through the 21ma kinda bad, going to have to wait on that. also looks like GBPUSD maybe setting up a TC trade. EURUSD still all over the place. USDCHF is a strange one, I shorted it 2 times and stopped at one made a little on the other but it still is moving very slow, going to stay outa this one until I get some movement away from the 8ma.
Keep taking CT trades, I need more money
  • #8,553
  • Nov 16, 2007 11:45am Nov 16, 2007 11:45am
How does the USDCHF look as a shorting opportunity? There is a falling triangle and looks it will close below the base.

Thanks for the good forum.
  • #8,554
  • Nov 16, 2007 11:47am Nov 16, 2007 11:47am
Quoting Phillip Nel
Thanks for posting your trades.
Phillip

Phillip, thanks for this great system, I sure love trading the 4hr system. I am free again to get away from this computer and it's a lot less stress not having to look at this all day. If there is anything I can do to help let me know.


Take care
Ryan
Keep taking CT trades, I need more money
  • #8,555
  • Nov 16, 2007 11:58am Nov 16, 2007 11:58am
Quoting Ryanmcd
Looks like USDJPN went through the 21ma kinda bad, going to have to wait on that. also looks like GBPUSD maybe setting up a TC trade. EURUSD still all over the place. USDCHF is a strange one, I shorted it 2 times and stopped at one made a little on the other but it still is moving very slow, going to stay outa this one until I get some movement away from the 8ma.
I was bummed to see the USDJPN break through the 21 so strong. No easy TC there, not yet.

I see the GBPUSD setting up for a TC trade. And what are your thoughts on a possible TC on the USDCAD (long)?

Thank you everyone!
  • #8,556
  • Nov 16, 2007 12:09pm Nov 16, 2007 12:09pm
Quoting unlv_tj
I was bummed to see the USDJPN break through the 21 so strong. No easy TC there, not yet.

I see the GBPUSD setting up for a TC trade. And what are your thoughts on a possible TC on the USDCAD (long)?

Thank you everyone!

I was looking at that as well, only thing I don't like is the huge bar, would love to see this close 1 more bar to hit the 21 then a up bar. That will get me long.
Keep taking CT trades, I need more money
  • #8,557
  • Nov 16, 2007 1:42pm Nov 16, 2007 1:42pm
I passed on it as well. Looked promising on the dip but it quickly returned to the 21. Catching up on work stuff so not much chart time today. Don't like the way things look either way and next week might be thin because of the holiday. Working on some aggressive ideas as usual on the 1hr....till later....
  • #8,558
  • Nov 17, 2007 12:51am Nov 17, 2007 12:51am
Just my thoughts on a few pairs. We'll see what happens!!!

I like the way USD/CAD is looking. Nice rythm, with the 365 resistance over 100pips away on my charts, possible TC. I'm currently staying out on everything else, E/U and U/Cf seem flat, U/J can't decide where to go and G/U is at strong support on the daily but who knows.
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  • #8,559
  • Nov 17, 2007 1:54am Nov 17, 2007 1:54am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
I'm back!! Glad to be back home from greece holiday. Now I can sit back and relax to see my lovely charts and hopefully make some pips!! Over there, I was cut away from internet because the hotel wireless internet was down, so I couldn't login and check the forums. Got to catch the forums post and saw many people keen in learning and honing their skills to become a successful trader. Thumbs up for you guys!!


Right now, I'm trying to get a feeling of the uj and uchf, as I'm only familiar with eu and gu. Now I'm trying to branch out to 1 or 2 more pair because I believed in focusing on the pairs that you are good with and rest assured pips will follow..

We guys are gonna make great traders!!! Cheers!! Let's rock the market next week!!!
  • #8,560
  • Nov 17, 2007 5:06pm Nov 17, 2007 5:06pm
Here's some lesson on my chart that I learned just now... waow, never stop learning =)

Comments are much welcomed and appreciated
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