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4 Hour Strategy (MACD)

  • #8,561
  • Nov 17, 2007 5:30pm Nov 17, 2007 5:30pm
Quoting Ryanmcd
Out +110 on the rest of USDCAD. Back to waiting
Nicely done! & who is the pip pimp????

& if ACastro is reading this....PEM!!!!!!!!!!!!!!!!!!!!! (Pip Eating Monster)
  • #8,562
  • Nov 17, 2007 5:38pm Nov 17, 2007 5:38pm
Quoting MtnMan
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.
This week should be interesting....will see how the pairs get "pushed" around. We may finally see a breakout on swissy...but the movements may be choppy and bursty....trade well and safely!!!! (OK -- I'm paranoid this week, but also sad that I won't be around to watch the market either).

Want to just leave a warning on the table (and it may just be my paranoia...don't leave positions open over this upcoming weekend -- especially shorts -- this is just b/c of last year's move that caught many off guard & majority of brokers didn't honor stops). Be vigilant in your analysis -- wait for good signals -- and don't get lulled into complacency...

Happy week all!!
  • #8,563
  • Nov 17, 2007 5:42pm Nov 17, 2007 5:42pm
Quoting shauny
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!!!
Welcome home, Shauny!! Hope you enjoyed your experiences in Greece (wow!!). Thank you for posting such a positive post!! Your last paragraph is AWESOME!!!! Keep up the GREAT attitude & all your goals will be attained!
  • #8,564
  • Nov 17, 2007 5:50pm Nov 17, 2007 5:50pm
Quoting benniardi
Here's some lesson on my chart that I learned just now... waow, never stop learning =)

Comments are much welcomed and appreciated
Hi B!

Nice observations on your chart -- those wicks are interesting, eh? But, yet E/U still hangs tough!

Wow! What a great observation of Price bouncing from 200! & that doji there. Wish I had seen that and known it hadn't happened for 1 year (is that really true?? 200 is kind of a "home base" for price....& if it has only been tagged 1ce before, the move away should have "alerted" us all to strong continuation of upmove. This is a great observation point and I will have to be more vigillant in my looking at other pairs "return" history. Again, thanks for pointing it out!

Keep up the nice work! Happy trading and many pips to you!!

Pips
  • #8,565
  • Nov 17, 2007 6:22pm Nov 17, 2007 6:22pm
Quoting Palmer
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....
Palmer, I'm new to the thread and so far up to mid October. Thank you for your contributions over the last 9 months. Saw your a 'bama fan. Sorry about your loss today. Trust me, I feel your pain. I'm a alum/fan of ND..... At least the seniors got to win their last home game, fortunately for our team, not many are graduating. I suspect the SEC will clean up again this year in the Bowl games...

Sorry for the mass posting, but I'm too new to PM.....
  • #8,566
  • Nov 18, 2007 4:22am Nov 18, 2007 4:22am
Just a quick question...can anyone tell me for sure if at the present time..the MACD has setup with a head & shoulders pattern (inverted)? This is how it closed the weekend. Is this a good indicator to go long at this point, or should I wait until the open Sunday evening??
  • #8,567
  • Nov 18, 2007 5:52am Nov 18, 2007 5:52am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Quoting Colostarr
Just a quick question...can anyone tell me for sure if at the present time..the MACD has setup with a head & shoulders pattern (inverted)? This is how it closed the weekend. Is this a good indicator to go long at this point, or should I wait until the open Sunday evening??
hi.. which pair are you refering? I have a variation of a shs on G/U, so I assumed you are talking about this pair? Well, I wouldn't recommend anyone to take a trade during the "off trading" times because the market is subjected to spike be up or down, thereby causing the gap during the weekend. This gap might take your stoploss out and boot you out of the market. A very risky trade decision to me. The market often work in its own ways during the weekend, so its better to watch and wait for the market to play its cards on the table before making a move.
  • #8,568
  • Nov 18, 2007 6:01am Nov 18, 2007 6:01am
I guess I should have said that in my first question. Firstly my broker doesn't allow weekend trading anyway. Yes I was referring to the GBP/USD, and my question was once trading starts up again Sunday evening...will this trend continue, or should I wait until the open? It just looks like a nice head and shoulder pattern...but I have mis-read the pattern before and lost my a$$! So just wondering if anyone concurs that this is a head and shoulder pattern. Thank you for your time!

Quoting shauny
hi.. which pair are you refering? I have a variation of a shs on G/U, so I assumed you are talking about this pair? Well, I wouldn't recommend anyone to take a trade during the "off trading" times because the market is subjected to spike be up or down, thereby causing the gap during the weekend. This gap might take your stoploss out and boot you out of the market. A very risky trade decision to me. The market often work in its own ways during the weekend, so its better to watch and wait for the market to play its cards on the table before making a move.
  • #8,569
  • Nov 18, 2007 7:39am Nov 18, 2007 7:39am
Colostarr:

Not sure I see the MACD h/s pattern....

EricthePip:

Yeah, that was a tough one yesterday. JP Wilson threw two interceptions in the first half so the last three games (losses) had a lot to do with him. He's an 'average' QB. The recruiting class, that Saban is know for, looks really good so 'there's always next year'... Not taking away anything from LSU, Miss St. or LA Monroe though, when one team plays better than the other they deserve to win period. I'm already 'prepared' for the outcome vs. Auburn next weekend too. The Irish will get back on track. Every team has it's cycle where they can't be good and be in the top 10 year after year. Just seems like Bama has been stuck in that cycle for a while now...one day...
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  • #8,570
  • Nov 18, 2007 7:43am Nov 18, 2007 7:43am
Just a note:

Phillip has renamed the 4 hour MACD strategy to the Market Rhythm 4 Hour Strategy. Nothing has changed except for the name if you happen to open up the .pdf on the website. We're in the process of getting the website and the .pdf copyrighted to prevent some snake oil salesman to claim the method as their own. But, in the event that ever did happen I think the evidence for the 'creator' of the method would have plenty of support to back him up...
  • #8,571
  • Nov 18, 2007 9:00am Nov 18, 2007 9:00am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Quoting Colostarr
I guess I should have said that in my first question. Firstly my broker doesn't allow weekend trading anyway. Yes I was referring to the GBP/USD, and my question was once trading starts up again Sunday evening...will this trend continue, or should I wait until the open? It just looks like a nice head and shoulder pattern...but I have mis-read the pattern before and lost my a$$! So just wondering if anyone concurs that this is a head and shoulder pattern. Thank you for your time!
Anyway, the shs pattern is not evident. So I wouldn't say its a good shs pattern to follow thru. Even if it is, where is your TP? I don't see any viable TP area except for the 21ema and 200sma which is just 20pips away, also a long term trendline is at the 21ema. To enter or wait? Its entirely up to you, but I will choose to stand at the sidelines. Then again, that's me..
  • #8,572
  • Nov 18, 2007 9:08am Nov 18, 2007 9:08am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
As we are marching into the new trading week. I noticed we are in a symmetrical triangle on the E/U. The pair has made lower highs and higher lows, a triple test on 1.4724 (an evident resistance area), which contributed to the fact we are in a symmetrical triangle zone. So according to the setup, the pair is preparing for a breakout, either the upside or downside.

With some analyst report on the forex market, they were saying US is going to gain strength soon. On my technical charts, it might go up or down. However, price was above the 21ema when the market closed, so maybe its preparing for an upmove. If its breaks upwards, I would like to see an closed above the UTL of the triangle which would mean a breakthrough of resistance to justify a long and vice versa for a short. I think we will see some slight consolidation towards the europe opening for a breakout. Let's see how it plays out on monday. Interesting as it may seem..
  • #8,573
  • Nov 18, 2007 9:12am Nov 18, 2007 9:12am
I think this is a much more accurate and descriptive name for the "system" we have learned to use.....not follow.....know and use........
I have been watching curiously in the past few days how the price action has seemed to Psyche us out on a move to the 89 from the 21....we get the price inside the 21 and then the move back but it doesnt seem to want to follow thru for us.....Ive been trying to come up with another signpost on the trip to the 89 that i can use to give us a little more affirmation that it is indeed going to go all the way to the 89 for us.......I am putting on my charts the "missing" fibonacci MA that falls between 21 and 89........55sma as you can see on the charts below there is definitely a resistance area around this level between the 21 and 89. Now im trying to make up a rule for myself as to determine if the price is going to follow thru with the 1,2,3 pattern on its way to the 89 from the 21 or not.....just for a few examples of why i think i need to pay attention to this level i have posted a few charts....is anyone able to see what rule one could make in regard to his sma? I know alot of people have had some pips taken from them by getting a fake signal of a trip to the 89......how can we reduce this a litte.....without cluttering the screen with to many indicators or MA's? Take a look back thru your charts with a 55sma and see if you can see any way to use this. The Green line is the 55sma...........pipip.........Jimdandy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro 55sma.gif Size: 41 KB
Click to Enlarge Name: chf 55sma.gif Size: 45 KB
Click to Enlarge Name: gbp 55sma.gif Size: 41 KB
Click to Enlarge Name: jpy 55sma.gif Size: 42 KB
  • #8,574
  • Edited 9:31am Nov 18, 2007 9:17am | Edited 9:31am
Quoting Colostarr
I guess I should have said that in my first question. Firstly my broker doesn't allow weekend trading anyway. Yes I was referring to the GBP/USD, and my question was once trading starts up again Sunday evening...will this trend continue, or should I wait until the open? It just looks like a nice head and shoulder pattern...but I have mis-read the pattern before and lost my a$$! So just wondering if anyone concurs that this is a head and shoulder pattern. Thank you for your time!
Hello Colorstarr. Welcome to this Forum. I see what your are looking at. there is an inverted H&S on MACD on GU right now. BUT the main thing for us to see before we look at macd signal is what the motion of the market is, If you look at this pair right now what it is doing There is 21 EMA and then 200 sma as most immediate targets. to go long there is not enough R:R to take that trade. because your stop loss will be below 365.

Secondly you can see that price is below 89 so we are currently in bearish mode. The focus is to take High probability trades and anticipate the pair's next move. Looking at the chart i would anticipate a move up to 21 or 200 SMA , the price finding resistance there and then a move down. When a certain anticipated scenario is fullfilled THEN i look at MACD to see if it is supporting that scenario and if R:R is good for that high probability trade then i pull the trigger. Like in this set up a TC down . So only Time will tell if there is a high probability trade in the making.If you really wanted to go long up to 21 or 200 sma , the set up was couple of bars ago.

I hope this answer your question. I wish you plenty of pips.
Nadia.
Attached Image (click to enlarge)
Click to Enlarge Name: gu inverted head and shoulder.jpg Size: 168 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #8,575
  • Nov 18, 2007 9:20am Nov 18, 2007 9:20am
Welcome Back Shauny!!! Hope u enjoyed your time in Greece. Now lets get back to Business!!!!!
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #8,576
  • Nov 18, 2007 10:01am Nov 18, 2007 10:01am
Quoting JimDandy
I think this is a much more accurate and descriptive name for the "system" we have learned to use.....not follow.....know and use........
I have been watching curiously in the past few days how the price action has seemed to Psyche us out on a move to the 89 from the 21....we get the price inside the 21 and then the move back but it doesnt seem to want to follow thru for us.....Ive been trying to come up with another signpost on the trip to the 89 that i can use to give us a little more affirmation that it is indeed going to go all the way to the 89 for us.......I am putting on my charts the "missing" fibonacci MA that falls between 21 and 89........55sma as you can see on the charts below there is definitely a resistance area around this level between the 21 and 89. Now im trying to make up a rule for myself as to determine if the price is going to follow thru with the 1,2,3 pattern on its way to the 89 from the 21 or not.....just for a few examples of why i think i need to pay attention to this level i have posted a few charts....is anyone able to see what rule one could make in regard to his sma? I know alot of people have had some pips taken from them by getting a fake signal of a trip to the 89......how can we reduce this a litte.....without cluttering the screen with to many indicators or MA's? Take a look back thru your charts with a 55sma and see if you can see any way to use this. The Green line is the 55sma...........pipip.........Jimdandy
Hi Jim Dandy, _ That's an interesting idea. You might consider the Cornflower 72 ema. It's the gray one on this chart of the EURUSD. I haven't gone back in time on it yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 72ema.gif Size: 25 KB
  • #8,577
  • Nov 18, 2007 10:03am Nov 18, 2007 10:03am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Quoting BIL2205
Welcome Back Shauny!!! Hope u enjoyed your time in Greece. Now lets get back to Business!!!!!
Nadia.
Yes Nadia!! I'm back!! Its time to do some serious business!! LOL!! See you on skype!!
  • #8,578
  • Nov 18, 2007 10:13am Nov 18, 2007 10:13am
My live trades so far since Oct2007. Had a loss on Friday. Took the breakout to the bottom(89sma) on and it did not happened.
Attached Image (click to enlarge)
Click to Enlarge Name: Live Trades.gif Size: 28 KB
  • #8,579
  • Nov 18, 2007 10:25am Nov 18, 2007 10:25am
Info
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File Type: pdf Weekly Anticipation.pdf   201 KB | 1,902 downloads
File Type: zip Weekly Anticipation.zip   784 KB | 2,022 downloads
  • #8,580
  • Nov 18, 2007 11:30am Nov 18, 2007 11:30am
Just look at the candles at key turning points and see the emotion that was built into those candles
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Click to Enlarge Name: 4 Hour Strategy.gif Size: 22 KB
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