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4 Hour Strategy (MACD)

  • #11,061
  • Jan 31, 2008 8:34pm Jan 31, 2008 8:34pm
Could we be looking at another nosedive?
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  • #11,062
  • Edited 9:03pm Jan 31, 2008 8:44pm | Edited 9:03pm
Nice chart, shows the struggle of the Euro to take 1.50 Should be interesting, but with the morning news, could be a wild ride? Wouldn't be surprised to see another tail towards 1.50 on some bad news, followed by a dive, but that's just speculation....

Quoting smnitro1
Could we be looking at another nosedive?
  • #11,063
  • Edited 10:05pm Jan 31, 2008 9:18pm | Edited 10:05pm
Quoting EricthePip
Nice bounce off the 21.... Swissie has shown some strength post FED/GDP announcement. Holding through the jobs data, or going to make that call tomorrow??

I will close before news, Yep it looked good to me so I had to take it. Win some lose some



*** Update, Looks like they want 1.6100, stop upto 1.6105 to keep in it. Off to sleep.
Keep taking CT trades, I need more money
  • #11,064
  • Jan 31, 2008 10:59pm Jan 31, 2008 10:59pm
Everything is flat, no movement anywhere. I was hoping at least for something to look at before bed, but no, it's all boring
  • #11,065
  • Jan 31, 2008 11:30pm Jan 31, 2008 11:30pm
pending orders on 3 majors:
USDJPY - USDCAD - GBPUSD
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  • #11,066
  • Feb 1, 2008 1:39am Feb 1, 2008 1:39am
waht i see now:
1-price above 89
2-21ema and 10ema have good positions
3-my red line still supporting
4-the black TL still supporting
5-i can draw a new blue TL which acting as a resistance
6-NFP, so if price breaks out one of them ,price can move still slow befor NFP and i dont expect any fast move befor that.NFP will shows the way to us.
Attached Image (click to enlarge)
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  • #11,067
  • Feb 1, 2008 1:56am Feb 1, 2008 1:56am
Quoting Ryanmcd
Short EURCHF @1.6068 stop @ 1.6100
dear ryan, good trade but have an eye in weekly TL ,i think strong support
Attached Image (click to enlarge)
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  • #11,068
  • Feb 1, 2008 2:02am Feb 1, 2008 2:02am
Quoting NAGE
pending orders on 3 majors:
USDJPY - USDCAD - GBPUSD
I'm sorry, are you trading according to the system? I don't see your chart with the MACD indicator or the candlestick. Regards,
Hijackxx
  • #11,069
  • Feb 1, 2008 2:39am Feb 1, 2008 2:39am
Hi
my first post on this thread
A lot of pages to read....
Is anyone thinking of going short on USDCAD?
It brooke the 8 and 21 and it looks like it is forming a round top.
Any sugestions for us beginners....


P.S. Sorry for my English, not my first language http://www.forexfactory.com/images/icons/icon7.gif
  • #11,070
  • Feb 1, 2008 2:47am Feb 1, 2008 2:47am
i wouldn't take it, cause of the 89 resistance in 1h and the hammer forming from that resistance
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  • #11,071
  • Feb 1, 2008 2:48am Feb 1, 2008 2:48am
at least i would wait a litlle more to see what will happen
  • #11,072
  • Feb 1, 2008 4:59am Feb 1, 2008 4:59am
Quoting bshadroo
dear ryan, good trade but have an eye in weekly TL ,i think strong support

Thanks for the heads up!
Keep taking CT trades, I need more money
  • #11,073
  • Feb 1, 2008 5:03am Feb 1, 2008 5:03am
Quoting Ryanmcd
Short EURCHF @1.6068 stop @ 1.6100

Stop @ cost, back to sleep
Keep taking CT trades, I need more money
  • #11,074
  • Feb 1, 2008 5:42am Feb 1, 2008 5:42am
I've decided to take this short on USDCAD because on 1h the 89 looked as a strong resistance came down, retraced back a little and then down again, 4h MACD gave a down move, decided to place my TP about 15 pips up from the TL, and a second one between the entry price and the TL (just to be sure to get something) SL up 365 (4h) because gave a little resistance.
What do you think? any suggestion? please feel free to criticize wanna learn at best!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCAD 1h.JPG Size: 89 KB
  • #11,075
  • Feb 1, 2008 6:29am Feb 1, 2008 6:29am
Quoting Beman
I've decided to take this short on USDCAD because on 1h the 89 looked as a strong resistance came down, retraced back a little and then down again, 4h MACD gave a down move, decided to place my TP about 15 pips up from the TL, and a second one between the entry price and the TL (just to be sure to get something) SL up 365 (4h) because gave a little resistance.
What do you think? any suggestion? please feel free to criticize wanna learn at best!!
IMHO it is a little risky take positions before NFP but maybe you can have luck this time.
P.S: I saw a weird down tail (giant one) in EUR/GBP are my charts ok?
  • #11,076
  • Edited 6:35am Feb 1, 2008 6:31am | Edited 6:35am
Quoting Beman
I've decided to take this short on USDCAD because on 1h the 89 looked as a strong resistance came down, retraced back a little and then down again, 4h MACD gave a down move, decided to place my TP about 15 pips up from the TL, and a second one between the entry price and the TL (just to be sure to get something) SL up 365 (4h) because gave a little resistance.
What do you think? any suggestion? please feel free to criticize wanna learn at best!!
big news for both usd and cad coming out in an hour. just be aware.

p.s. good for those that took the TC on e/u and even better for those that took a day off because of the NFP.
  • #11,077
  • Feb 1, 2008 6:48am Feb 1, 2008 6:48am
Quoting Ryanmcd
Stop @ cost, back to sleep

Now I know how Phillip feels when he has to take a trade and can not watch it. Out @ cost, going to sit tight and wait for news.
Keep taking CT trades, I need more money
  • #11,078
  • Feb 1, 2008 6:58am Feb 1, 2008 6:58am
Quoting Ryanmcd
Now I know how Phillip feels when he has to take a trade and can not watch it. Out @ cost, going to sit tight and wait for news.
what does it mean?out @ cost?!(checked the dic. but didnt find)
  • #11,079
  • Edited 8:17am Feb 1, 2008 7:44am | Edited 8:17am
Quoting bshadroo
what does it mean?out @ cost?!(checked the dic. but didnt find)

Yep I got like 3 pips, I did get a little short on the news and pulled 12 but MIG charts SUCK when news comes out, they dont even update. I think it's time to get some better charts these are crap.


*** I can't really get mad I an using the demo LOL
Keep taking CT trades, I need more money
  • #11,080
  • Feb 1, 2008 8:01am Feb 1, 2008 8:01am
Means set stop to break even

Quoting bshadroo
what does it mean?out @ cost?!(checked the dic. but didnt find)
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