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4 Hour Strategy (MACD)

  • #10,861
  • Jan 29, 2008 1:44am Jan 29, 2008 1:44am
I woke up at 4 o'clock and I took E/U short too at 14769, but the 8EMA seems a strong resistence.
  • #10,862
  • Jan 29, 2008 2:34am Jan 29, 2008 2:34am
Hi all,

I am new comer here,
Here is my chart of GBPUSD on daily timeframe,

http://img238.imageshack.us/img238/9...sddailyca2.png

we got a bullish candle last week,
yesterday we got a nice bounce of ema 8
will we see 2.000 - 2.200 ?
in
  • #10,863
  • Jan 29, 2008 3:52am Jan 29, 2008 3:52am
Quoting bshadroo
what u guys think about short eurusd? H&S pattern in macd and divergence i can see there

I know it is early days, as the 8 and 21 have only *just recently* crossed the 89 ema on the 4hr chart.......but is anyone thinking of a TC on the Euro? Or is everyone going short??????



It seems to me that if you look at the Daily and Weekly on the EURUSD, everything screams out long. The Weekly bounced off of the 21ema and the Daily as well.

I have to admit - I don't see the sHs either on this.....

Am I alone here......?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4hr MACD Jan29_08.jpg Size: 240 KB
  • #10,864
  • Jan 29, 2008 4:04am Jan 29, 2008 4:04am
I like this sHs, though......looks tasty.

The 200 and the 8 seem to have provided some resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 4hr MACD Jan29_08.jpg Size: 230 KB
  • #10,865
  • Edited 4:58am Jan 29, 2008 4:37am | Edited 4:58am
Quoting pip_bagger
I know it is early days, as the 8 and 21 have only *just recently* crossed the 89 ema on the 4hr chart.......but is anyone thinking of a TC on the Euro? Or is everyone going short??????



It seems to me that if you look at the Daily and Weekly on the EURUSD, everything screams out long. The Weekly bounced off of the 21ema and the Daily as well.

I have to admit - I don't see the sHs either on this.....

Am I alone here......?
i have 3 resons for short and daily weekly long has nothing to do with my 30pip short
.u see in chart
Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 38 KB
  • #10,866
  • Jan 29, 2008 5:29am Jan 29, 2008 5:29am
The fourth reason, according to the rules. When the price cross the 89SMA tends to reatrace on the 21EMA
  • #10,867
  • Edited 5:30am Jan 29, 2008 5:29am | Edited 5:30am
Don't forget you may be long, I'm short - and we can both make money .

The only things that matter are reasons for opening the trade and plan.
At the moment the price has stucked on EUR, maybe it's because of news tomorrow, or today, who knows? Anyway it's in consolidation now and it can go either up or down from here. I'm still short, as 1.4780 resistance is still holding.
  • #10,868
  • Jan 29, 2008 6:37am Jan 29, 2008 6:37am
Quoting shreem
Hello Ryanmcd and all, also long EUR/CHF long for the same reason as we had a nice TC from the 21 EMA and the trend is moving nicely above the 8EMA. Will look closely price around the 89 SMA to see what it will do.

Another reason, is the great pin bar on the weekly.

Entry: 1.6118
Stop: 1.6168 (under 21 EMA)

Great post Ryanmcd on EUR/CHF and EUR/USD

Please see attached chart of the weekly EUR/CHF.

Reason i put the weekly pin bar in to show how the current over all emotion of the market based on the weekly chart is favoring an up move.

See what will happen.

Small size on this one

Sincerely

Shreem
You still long with me on the EUR / CHF? If so I just moved my stop upto cost.
Keep taking CT trades, I need more money
  • #10,869
  • Jan 29, 2008 6:38am Jan 29, 2008 6:38am
Gbp break of trendline with retrace to breakout level with a TC away from 8ema off the 200sma. They don’t come better than this. I expect a strong move.




Entry 1.9874


Stoploss 1.9832


Tp 1.9994


Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd.GIF Size: 42 KB
  • #10,870
  • Jan 29, 2008 6:40am Jan 29, 2008 6:40am
Quoting bshadroo
what u guys think about short eurusd? H&S pattern in macd and divergence i can see there

Look at the flow of the market, GBPUSD = Long, EURCHF = Long "I got long and posted this last night" EURUSD = Long. Look at the chart I posted last night and if you just take those trades you will make over 500 a month. I am up about 110 for 2 days now on 2 trade. Don't hunt for the high risk stuff and over-trade.
Keep taking CT trades, I need more money
  • #10,871
  • Jan 29, 2008 6:42am Jan 29, 2008 6:42am
Quoting PhilsOpinion
Gbp break of trendline with retrace to breakout level with a TC away from 8ema off the 200sma. They don’t come better than this. I expect a strong move.




Entry 1.9874


Stoploss 1.9832


Tp 1.9994

Very nice, I was waiting for this one last night but had to goto sleep. Hope some of you cought this as well.
Keep taking CT trades, I need more money
  • #10,872
  • Jan 29, 2008 6:50am Jan 29, 2008 6:50am
how is long?price breaks the TL and close above 21
Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 30 KB
  • #10,873
  • Edited 7:41am Jan 29, 2008 6:56am | Edited 7:41am
I caught that one (G/U). Hope the spread didn't stop your eur/chf. Looks like it's finally moving higher....(and it's broke the 89). I'll be looking for a TC when/if it come back to the 89 or 8

Quoting Ryanmcd
Very nice, I was waiting for this one last night but had to goto sleep. Hope some of you cought this as well.
  • #10,874
  • Jan 29, 2008 6:57am Jan 29, 2008 6:57am
Quoting EricthePip
I caught that one (G/U). Hope the spread didn't stop your eur/chf. Looks like it's finally moving higher....
I am still in it. Stop was at 70 it hit 77 I think lol, I just went to sleep and work up to see it +. Put the stop at cost, going to watch this today and see what happens.
Keep taking CT trades, I need more money
  • #10,875
  • Jan 29, 2008 6:59am Jan 29, 2008 6:59am
Quoting bshadroo
how is long?price breaks the TL and close above 21
To me the 8/21 MA's are not in motion, they are a mess. Best trades I see are the one Phillip posted and the one I got in. Look at my charts I posted last night, it's really that easy if you dont have to take 100 trades a day. Sit back relax step away from the computer
Keep taking CT trades, I need more money
  • #10,876
  • Jan 29, 2008 7:04am Jan 29, 2008 7:04am
Quoting Ryanmcd
Look at the flow of the market, GBPUSD = Long, EURCHF = Long "I got long and posted this last night" EURUSD = Long. Look at the chart I posted last night and if you just take those trades you will make over 500 a month. I am up about 110 for 2 days now on 2 trade. Don't hunt for the high risk stuff and over-trade.
well done u last 2days.i was long yesterday and made 38pips first and then 30pips again in two longs EU.(i'v posted if u check)
did u see my 3reasons for sell eurusd TODAY?whats ur oponion about that 3 reasons?
GBPUSD = Long, EURCHF = Long so what ? eurusd=long?!! what about eurgbp? what about eurchf? did u checked the cross pairs when u say "look at the flow of the market"? havent u ever see eurusd going up and gbpusd going down and usdchf going up at the same time? how the eurchf goes up u think? hmmm...?
  • #10,877
  • Jan 29, 2008 7:08am Jan 29, 2008 7:08am
News out in about 20min...USD pairs could get 'spikey'....

No positions open...
  • #10,878
  • Jan 29, 2008 7:27am Jan 29, 2008 7:27am
Hey good morning. i took the GU long as well. 0400 - 0800 candle enter at 1.9865 and 1.9878. 1st TP for one lot hit at R1 1.9914/ second lot is still open .Target 365 MA.
Right now price seems to be revisiting previous resistance area. since it broke a resistance trendline to move up. This area if acts as support. then the move up should resume, I have aound 50 pips from 1 lot so if this goes down to my SL i will BE . lets see. ( chart is attatched)

EUro gave a TC as well, I took it on with a very small position and one lot only, my only concern is that the Speed of price is on the 21EMA and this TC is OFF of 8 ema. So price may move down to 21 before taking its direction. Only time will tell,
Attached Image (click to enlarge)
Click to Enlarge Name: gu trade.jpg Size: 204 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #10,879
  • Jan 29, 2008 7:29am Jan 29, 2008 7:29am
Quoting bshadroo
well done u last 2days.i was long yesterday and made 38pips first and then 30pips again in two longs EU.(i'v posted if u check)
did u see my 3reasons for sell eurusd TODAY?whats ur oponion about that 3 reasons?
GBPUSD = Long, EURCHF = Long so what ? eurusd=long?!! what about eurgbp? what about eurchf? did u checked the cross pairs when u say "look at the flow of the market"? havent u ever see eurusd going up and gbpusd going down and usdchf going up at the same time? how the eurchf goes up u think? hmmm...?

Take whatever trades you feel you need to. You asked for feedback just like you do on EVERY trade for some reason and I was posting what I thought. Good luck.
Keep taking CT trades, I need more money
  • #10,880
  • Jan 29, 2008 7:42am Jan 29, 2008 7:42am
Out of EURCHF +49.
Keep taking CT trades, I need more money
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