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4 Hour Strategy (MACD)

  • #9,361
  • Dec 11, 2007 7:26pm Dec 11, 2007 7:26pm
Quoting ragz
I´m looking for a long in the gbp/usd and a long in the Usd/jpy...

I believe the neckline of the inverted shoulder head shoulder wasn´t broke, instead it tested it and I believe we can see something interesting during the next hours, the last tails over there are showing some bullish emotions over there.
Have you considered longing the GBP/JPY then?
  • #9,362
  • Dec 11, 2007 7:30pm Dec 11, 2007 7:30pm
Quoting pips4uandme
Hi BenStevo!

Not a chance! (just kidding). Yes, I'll try to get around to posting some more examples (also, do a search under any charts I've posted -- you will always see blue horizontal lines on my charts -- these are the IT area's and they almost always come into play -- added after original writing -- just looked at my old charts posted and can see if you weren't following originally, you'd scratch your head and say, huh? Def. will post some new examples later.). Funny, the other night, John (my sig. other), walked up to a G/J chart and said...Wow, look at those nesting dolls! I was floored...after a year... he just saw them (he doesn't trade) and recognized them from osmosis! So, yes, I will happily place some charts (I'm working on a yearlong project of info that I'm planning on putting into a pdf and posting, but don't know how long it will take to compile).

& Mike...If you are reading this...I'm about to start looking at the info you sent...I've been "goofing" off today and haven't been too productive on my obligations.

Happy trading to all,
Pips
Hi, Pips! Thank you for a lot of nice analysis, here today, especially on fundies. I always read all your posts and find them very useful, but unfortunately today I missed your post at 2.50 am EST, b/c when I woke up it was not on the last page already. I've made some nice pips before rate announcement, and then decided, what the hell, to play the news. I was absolutely sure, it will be .25 cut and went long on fiber(fortunately only with .25 of my usual size of lot), and it was .25 cut as I expected, but what I did not expect that on this cut it would go down.
So i took some loss( actually have not closed it yet), but if I had read your post, I would have stayed on the sideway and saved yourself from this stupid loss. So next time I'm gonna read all your posts carefully, b/c even the guys in the News section did not leave any warnings about today's news. I hope next time you will be here with your profound analysis, and I will make a right decision. Thank you very much m'am, and please keep your posting on this nice thread.
Alex
  • #9,363
  • Dec 11, 2007 7:38pm Dec 11, 2007 7:38pm
Quoting HipsterPipster
Have you considered longing the GBP/JPY then?
I would pay attention to UJ, not convinced of a long here
  • #9,364
  • Edited Dec 12, 2007 4:52am Dec 11, 2007 9:37pm | Edited Dec 12, 2007 4:52am
Right, here's the trade I am watching this evening on the Loonie:

USDCAD

4hr:
Retrace to 8EMA then 21EMS
Anticipating a TC (after 2300 EST, GMT-5hrs = 0400hrs)
Strong support at 200 SMA

1 hr:
Waiting for BOZ on 1hr (after midnight EST) I feel it will hit bottom at 2300 and will have to sit on my hands until midnight. I sure hope I can show restraint - not my best virtue.

Price action showing a "scallop" for lack of a better description. This pair seems to do this when it gets into a rhythm.

Price is hovering around anticipated Midnight Pivot Point, so unless it really rallies or tanks, 1.0103 should be close.
Stop will be below M2, TPs will be at M3 and R1. I use midpoints between resistance and support points if there is a large ATR for the day.

Bouncing off of 100 and 50 ema on 1 hr

Open around 1.0100
Stop = 1.0072
TP1 = 1.0133, RR = 46%
TP2 = 1.0163, RR = 31%
At TP1, set stop to BE

If this trade tanks far below the 21 in the next 2 to 3 hours, I will abort the trade, but this is my observance.

As always, your comments are welcome.

Trade update:
Huge reversal at midnight...trade is off.

Frick.
"Sleep is Evil"
  • #9,365
  • Dec 11, 2007 10:38pm Dec 11, 2007 10:38pm
Trend Continuation on UsdChf
Attached Image (click to enlarge)
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  • #9,366
  • Dec 12, 2007 3:47am Dec 12, 2007 3:47am
EurUsd

Strong morning star off the 200sma. MACD not zerobreak yet but the emotion is strong off the 200sma.

Entry 1.4689
SL 1.4648
TP 1.4729

Just be aware of 1.4700 price level.

Edit 1:
EurUsd deal stopped short of 89sma but still managed some pips out of it.


Edit 2:
The price on the EurUsd is currently squashed between the 89 and 200. Lots of emotion building up. The motion shows some Tsunami situation is coming. Breakout direction is still not shown other than that the 89sma is closing down towards the 200 which might indicate downbreak. 200 Was hammered a few times allready. Is it going to hold????. I will be trying to position myself for a breakout trade if the situation allows it. The deal this morning was a perfect position to be in for a break upwards that did not happened. Now I will wait for a further possibilty. Otherwise I will wait for the rhythm to show itself.
Attached Image(s) (click to enlarge)
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  • #9,367
  • Dec 12, 2007 6:01am Dec 12, 2007 6:01am
Quoting HipsterPipster
Looking for a long with price in this channel. Some SR 2.0300-2.0350
Will it continue, is the question?
Attached Image (click to enlarge)
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  • #9,368
  • Dec 12, 2007 7:55am Dec 12, 2007 7:55am
Quoting HipsterPipster
Will it continue, is the question?
A very nice long.
  • #9,369
  • Dec 12, 2007 8:06am Dec 12, 2007 8:06am
Quoting HipsterPipster
A very nice long.
I am looking for GU to blow through the 365..2.05 area and then retest it to establish support. OK, as I am posting it goes through
  • #9,370
  • Dec 12, 2007 9:02am Dec 12, 2007 9:02am

“Failure can be divided into those who thought and never did and those who did and never thought ”


- Rev. W.A. Nance
  • #9,371
  • Edited Dec 13, 2007 9:03am Dec 12, 2007 9:22am | Edited Dec 13, 2007 9:03am
Hello,

I have gone long on on candle close at 15:00 gmt

usd/chf @1,1367,
sl @1,1290 (ema21) -77 pips
tp @1,1447 (ema365) + 80
r:r 77:80

I will go breakeven and take partial profit as soon as upper TL has been
touched (1,1410).

price has been forming a TC on the macd, it has found many times
support either on the 21 or on the 200. it has breached resistance
at 1,1360, so it possibly will continue on.

a large stop is neccessary in case of recovery from the bounce.


edit:

13 dec 07 15:00 gmt

I took partial profit: + 33 pips

sl set be


I apprechiate comments and corrections.

Greetings
Attached Image
  • #9,372
  • Dec 12, 2007 9:27am Dec 12, 2007 9:27am
Quoting ashes
Hello,

I have gone long on on candle close at 15:00 gmt

usd/chf @1,1367,
sl @1,1290 (ema21) -77 pips
tp @1,1447 (ema365) + 80
r:r 77:80

I will go breakeven and take partial profit as soon as upper TL has been
touched (1,1410).

price has been forming a TC on the macd, it has found many times
support either on the 21 or on the 200. it has breached resistance
at 1,1360, so it possibly will continue on.

a large stop is necessary in case of recovery from the bounce.


I apprechiate comments and corrections.

Greetings
You risk is way to much compared to its rewards! profit should be 3 times your risk.
  • #9,373
  • Dec 12, 2007 9:37am Dec 12, 2007 9:37am
Quoting Phillip Nel

“Failure can be divided into those who thought and never did and those who did and never thought ”



- Rev. W.A. Nance
I would like it to be, "Failure can be divided into those who thought and never did and those who planned and then did"
  • #9,374
  • Dec 12, 2007 10:03am Dec 12, 2007 10:03am
Quoting ashes
Hello,

I have gone long on on candle close at 15:00 gmt

usd/chf @1,1367,
sl @1,1290 (ema21) -77 pips
tp @1,1447 (ema365) + 80
r:r 77:80

I will go breakeven and take partial profit as soon as upper TL has been
touched (1,1410).

price has been forming a TC on the macd, it has found many times
support either on the 21 or on the 200. it has breached resistance
at 1,1360, so it possibly will continue on.

a large stop is necessary in case of recovery from the bounce.


I apprechiate comments and corrections.

Greetings

I was looking at long on this as well, I want to see if we get some pullback first because I do not want that big of a stop loss.
Keep taking CT trades, I need more money
  • #9,375
  • Dec 12, 2007 10:05am Dec 12, 2007 10:05am
Hi Nel,

Thanks for sharing, the system is Great, will try it out shortly!

Rgds,
Ed
  • #9,376
  • Dec 12, 2007 10:08am Dec 12, 2007 10:08am
Well I have been looking and can not find any trades that are going to work for a longer trade. Yes I do see the scalps just no real trend here. The fed has screwed the market up 2x in the past 24 hours lol
Keep taking CT trades, I need more money
  • #9,377
  • Dec 12, 2007 10:16am Dec 12, 2007 10:16am
I just talked to euro and this is what it said
" i think i will go up no i think i will go down, no up , no down ---"
My reply.
" I think i will stay out for now."

Wow look at that Huge spinner and with the 200 and 89 closing in , it is time to stay out for me, will let it figure out which direction it wants to go and then enter as is continues in that direction = Trend continuation.
Good luck trading,
Nadia,
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 133 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #9,378
  • Dec 12, 2007 10:17am Dec 12, 2007 10:17am
Quoting Ryanmcd
Well I have been looking and can not find any trades that are going to work for a longer trade. Yes I do see the scalps just no real trend here. The fed has screwed the market up 2x in the past 24 hours lol
Yeah, I just don't feel dollar bulls.
  • #9,379
  • Dec 12, 2007 10:20am Dec 12, 2007 10:20am
#$(*#$)( U/J. I was stalking it this morning. Watched it break above the 200. My stop was to be 110.95 off the hourly chart.... Waiting for it to come back to the 200 for a lower risk trade (it had paused around 111.43, about 13-15 pips above the 200). 45 pips is my rule, so I waited... Then it "went Vertical".... Lots of energy still left in the markets...

Feeling good since I followed my rules. However, looking back, I could have entered on the beginning of the 14:00 candle on a break above the 200, with a 4hr MACD signal, but the break at that point wasn't convincing enough, feared a bounce off the 200 back down...

Note this is a one hour chart, with the MA's frozen from the 4Hr chart (dotted blue line is the 200).... Green arrow is the 13:00 candle
Attached Image
  • #9,380
  • Edited 12:49pm Dec 12, 2007 10:32am | Edited 12:49pm
Info

I say in the MP3 the 29th of Oct the 89 was tested a couple of times, but it should be the 29Nov.
Thanks
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