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4 Hour Strategy (MACD)

  • #9,481
  • Dec 13, 2007 10:46pm Dec 13, 2007 10:46pm
Quoting Dibanos
Hello,

Please, I would appreciate if somebody explains me the next two phrases:

1- “The remainder (a second lot) is set to 20 to 25 trailing stop”


2- “Goes to BE”


Thank you
A trailing stop is dynamic, not static. It moves with the price, locking in more profits as the position improves.

BE is break even. Once the position has passed a certain target, the initial stop (usually initially a loss) is moved to the break even point, thereby ensuring the trade cannot be a losing one.

Hope this helps.
  • #9,482
  • Dec 14, 2007 1:01am Dec 14, 2007 1:01am
Quoting BIL2205
here is my take on GU , only time will tell but here is an anticipation of a possible 3 sisters in my opinion,, accompanied by a TC on macd would be nice move down. Any comments???
Hi, Nadia. Yes it looks like 3 sisters, although the third one hasn't formed yet. I was looking for G/U short too if the MACD had given zero bounce, the reasons would be off the 21 with the trend, I have here a minor support line which has become a resistance. But there was a pin bar, or an evening star with all these tails down, so not sure. And while I'm writing the price started to head towards 365 again.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 18 KB
  • #9,483
  • Dec 14, 2007 1:04am Dec 14, 2007 1:04am
Quoting pips4uandme
Hi All!


Second: Nice posts to Rebecca everyone! We all go through bouts of non-confidence rgularly -- that is the beauty of trading!! I'm just pulling myself out of an abyss too (and Ira's words about the "Zen" recovery are so right on!! That is how I got my "feeling" back).
Pips, these were your words .
  • #9,484
  • Edited 6:46am Dec 14, 2007 2:09am | Edited 6:46am
Good morning,

eur/usd
short @ 1.4628 2x - 42
sl @1.4670
tp a @1.4580 + 48
tp b @1.1560 +68
r:r 84:116

price has come back almost to 200 .. in fact just to 8 and moved down again.
no macd indication. but if price is in rhythm it should go further down

edit: tp a: +48, sl moved BE tp b modified to 1.1550
edit: tp b: +80

aud/usd
short @0.8767 2x - 33
sl @ 0.8800
tp a @0.8725 + 42
tp b @0.8700 + 67
r:r 66:109

price has almost touched 21 after having crossed 89, now it may
continue down. no macd indication, but believing in rhythm.

edit: tp a: +42 , trailing stop of 35 on trade b, sl modified to 0,8650
edit: closed trade when retracing at 0.8701 to stick with plan: +66

usd/cad
long @1.0190
sl @1.0120 2x -70
tp a @1.0235 +45
tp b @1.0290 +100
r:r 140:145

this one is a risky trade since price is in upper half of bull channel.
it may make a huge corrective move to 21 still.
also here no macd signal but belief in rhythm

edit: price developes slowly and cad and us news ahead close trade a: +25 pips,
sl set be, tp b modified to 1.250
edit: sl triggered +/- 0

total of trades: +261 pips

I apprechiate comments and corrections

Greetings
  • #9,485
  • Edited 4:25am Dec 14, 2007 3:27am | Edited 4:25am
Look at the image:
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.GIF Size: 46 KB
  • #9,486
  • Dec 14, 2007 3:29am Dec 14, 2007 3:29am
Quoting ira
Pips, these were your words .
Yes, I remember that PM very well

& Thank you so much for the PM on Tuesday! I really appreciate the thoughtfulness -- You are truly an amazing person!

Talk to you later,
Pips
  • #9,487
  • Dec 14, 2007 4:18am Dec 14, 2007 4:18am
look at the chart
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.GIF Size: 45 KB
  • #9,488
  • Dec 14, 2007 5:33am Dec 14, 2007 5:33am
GBP/USD
Short @ 2.0366
sl @ 2.0396
50% lot
watch it lively, no TP

USD/JPY
Long @ 112.61
Sl @ 112.36
TP @ 112.95
Has set them BE now, watch it lively

I have used all the knowledgment of forex technology, including Philip's 4h & 5min

When EUR is braking the resistant line formed from 12th Aug. GBP is just preparing braking its resistant line, I know both eur & gbp are about to brake the line and form a big TC signal, I set chart to 1h, find that GBP has been already started, so, I use 50% lot to short it, watch EUR has been broken its line already, I know, this is definitely a brake! so I didn't set GBP's TP, set chart to 5 min, watching it go down deeply, and 5 min strategy tells me that the price will retreat to the zone between 10 & 21 ema. So I don't need to hurry to take profit, just wait, wait for the coming of 12:00 gmt+2, there still is going to be a deep down.

So is the JPY, I saw USD/CHF had been started, but Jpy han't yet, I know that carry trade is going to start, and is going to form a TC, I enter from 1h, waiting for its rise.

Thank Philip and all the guys who make great effort on this strategy, my English is not very good, hope you can understand me
Plan your trades and trade your plans
  • #9,489
  • Dec 14, 2007 6:47am Dec 14, 2007 6:47am
Hello , here is the euro trade i did today.
0400 - 0800 candle was the signal candle but since i was anticipating a move down i switched to one hour and the 0700 candle was a perfect setup with a nice TC on 1 hour and a bounce off 21. So enter and exit as follows with 2 lots.
Stop loss 1.4670 above 21 Ema.
LOT 1 , enter 1.4626- exit 1.4588 = +38 pips
Exit based on yesterdays low/ support area, couple of pips above it.
Lot 2 , enter 1.4627- exit 1.4559= + 68 pips
exit based on Daily support at 1.4556 so couple of pips above it.
Second lot was moved to BE after 1st target was hit.

Euro moved quite a bit after that was well. But that is my next step in training as to remain in the trade as long as possible.I have seen how it is done but am not ready yet. So far training to build and protect capital. All in good time. I hope you all made pips on this as well.
Nadia.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu trade 1 hour.jpg Size: 182 KB
Click to Enlarge Name: eu trade 4 hour.jpg Size: 208 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #9,490
  • Dec 14, 2007 6:58am Dec 14, 2007 6:58am
Nadia...AWESOME trade! It's nice to hit a big one like that. Unfortunately...I had to sleep. There might be more of a move down with the CPI today becuase of how the PPI came out yesterday...volatility spike on the way???

saka...Glad things are coming around for you...Your English is fine.

pips...I'm off today but have to run to the office for a few hours anyway around noon. Yes, the holidays can be hectic. The visit from the folks ws Christmas so I'll be chillin' with friends on Christmas all day. I'm also off the last week of December and the first week of January, but have a major report due in Feb. So, I'll be working at home more or less.

Peace
  • #9,491
  • Dec 14, 2007 7:01am Dec 14, 2007 7:01am
this my cable trade that i did today. As posted earlier i was anticipating a down move, price was narrowing down in a triangle , and making lower highs on the chart and also may be a 3rd sister forming. So i was waiting for a TC off the 21 EMA, price is below 89 so we are in a down move.0400 -0800 candle was the signal candle , it closed below the 21 and macd gave a marginal TC but since there were other signs of a down move , also the one hour 0700 - 0800 candle bounced off the 89 so i enter the trade. Here is my entry and exit with 2 lots.

Lot 1 enter 2.0400- exit 2.0360 = +40 pips( straight 40 pips target based exit)
Lot 2 enter 2.0402 - exit 2.0302 = +100 pips, ( exit based on a trend line acting as resistnace and support Dec 5th - dec 10)
Stop loss 2.0457, 10 pips above the tail of signal candle which indicated that the field has been cleared)

stop loss for second lot was moved to BE after the first lot hit TP and then manually moved to 2.0362 ( +40) after went 70 + .

I hope i can always trade with dicipline and not get excited and not look at how many more pips could have been made and learn one step at a time.
Nadia.

Thankyou Phillip for teaching us so patiently and not giving up on us.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu trade 1 hour.jpg Size: 189 KB
Click to Enlarge Name: gu trade 4 hour.jpg Size: 220 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #9,492
  • Dec 14, 2007 7:04am Dec 14, 2007 7:04am
Thanks Palmer , your constant support means a lot to me. I am glad i am out before the news. Now very tired because of staying up at night, maybe catch up on sleep and time with my daughter today . Happy Holidays. !!!
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #9,493
  • Dec 14, 2007 7:11am Dec 14, 2007 7:11am
Family First, Forex Second


Ryanmcd: Hope you're still holding that long....
Attached Image
  • #9,494
  • Dec 14, 2007 7:12am Dec 14, 2007 7:12am
Quoting ashes
Good morning,

eur/usd
short @ 1.4628 2x - 42
sl @1.4670
tp a @1.4580 + 48
tp b @1.1560 +68
r:r 84:116

price has come back almost to 200 .. in fact just to 8 and moved down again.
no macd indication. but if price is in rhythm it should go further down

edit: tp a: +48, sl moved BE tp b modified to 1.1550
edit: tp b: +80

aud/usd
short @0.8767 2x - 33
sl @ 0.8800
tp a @0.8725 + 42
tp b @0.8700 + 67
r:r 66:109

price has almost touched 21 after having crossed 89, now it may
continue down. no macd indication, but believing in rhythm.

edit: tp a: +42 , trailing stop of 35 on trade b, sl modified to 0,8650
edit: closed trade when retracing at 0.8701 to stick with plan: +66

usd/cad
long @1.0190
sl @1.0120 2x -70
tp a @1.0235 +45
tp b @1.0290 +100
r:r 140:145

this one is a risky trade since price is in upper half of bull channel.
it may make a huge corrective move to 21 still.
also here no macd signal but belief in rhythm

edit: price developes slowly and cad and us news ahead close trade a: +25 pips,
sl set be, tp b modified to 1.250
edit: sl triggered +/- 0

total of trades: +261 pips

I apprechiate comments and corrections

Greetings

^^^ Now you are trading like me, does not matter on what pair it is, as long as the setup looks good. Prefect man also flip to the 1 hour and you will get your macd and can see the setup coming. I was in these w/ you but also still long the $yen that took *12* hours to do anything lol. Nice trades and just keep it up. Also the other 2 you took lost a little but that's part of the game
Keep taking CT trades, I need more money
  • #9,495
  • Dec 14, 2007 7:14am Dec 14, 2007 7:14am
Quoting Palmer
Family First, Forex Second


Ryanmcd: Hope you're still holding that long....

You bet, lost 3 pip on the EUR/CHF, I have a nice Roll too lol Also I took the same trades as Ashes too So I am about +350 on the past 24 hours.
Keep taking CT trades, I need more money
  • #9,496
  • Dec 14, 2007 7:27am Dec 14, 2007 7:27am
Sleep, that thing that only mortals need. Missed the fun, glad many of you bagged some.
  • #9,497
  • Dec 14, 2007 7:36am Dec 14, 2007 7:36am
See post 9488 for the chart as posted by Fari. Thanks to him for doing it for me.
Phillip
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 20 KB
  • #9,498
  • Dec 14, 2007 7:41am Dec 14, 2007 7:41am
Quoting Ryanmcd
^^^ Now you are trading like me, does not matter on what pair it is, as long as the setup looks good. Prefect man also flip to the 1 hour and you will get your macd and can see the setup coming. I was in these w/ you but also still long the $yen that took *12* hours to do anything lol. Nice trades and just keep it up. Also the other 2 you took lost a little but that's part of the game
Hi Ryan,

thank you for your words. Makes me feel being on the right track if you took
the same trades like me. I could have made some more pips if I wouldn't have
closed the trades so early. Sometimes fear is taking over. I still have to learn
keeping fear and greed under control. Mostly fear.

Greetings
  • #9,499
  • Dec 14, 2007 7:58am Dec 14, 2007 7:58am
Hi ashes , well done on your trades. i know the feeling of leaving pips on the table. But look at how many pips you were able to pocket. Atleast the trades you took were right. If u made exits as planned and not just randomely because you thought the trade might go against you. ( which i have done plenty of times) then you are on the right track. I am still learning to develop positive trading habbits. learn to trade better every day.
Nadia/
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #9,500
  • Dec 14, 2007 7:59am Dec 14, 2007 7:59am
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