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4 Hour Strategy (MACD)

  • #11,181
  • Feb 4, 2008 1:32pm Feb 4, 2008 1:32pm
Quoting Borism
I will wait for the close and maybe then go short...
Since stop loss is the high of doji star, it isn't much of a risk

Ideas???http://www.forexfactory.com/images/icons/icon7.gif
I am long the Aussie currently up 28 pips, take a look a this daily view.
I am hoping for a run up to the previous highs at 9300.
I f it makes any difference every man and his dog on the forum is long this pair today.
Also the rate statement is out later, forecast for a 0.25% rise, which would explain the accumulation.
If there is no rise expect a sudden drop.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 16 KB
  • #11,182
  • Feb 4, 2008 1:48pm Feb 4, 2008 1:48pm
Also, is anyone seeing a potential short setup on the pound?
Attached Image (click to enlarge)
Click to Enlarge Name: poundgif.gif Size: 16 KB
  • #11,183
  • Feb 4, 2008 2:05pm Feb 4, 2008 2:05pm
Quoting Borism
hi,
what kind of parameters do you use with BB

Regards
Boris

Sorry missed this, 18/2
Keep taking CT trades, I need more money
  • #11,184
  • Feb 4, 2008 2:55pm Feb 4, 2008 2:55pm
Yes i do Ted, but 89 and 200 are getting closer, and 89 isn't really far, so for my chart i wouldn't take it
  • #11,185
  • Feb 4, 2008 3:00pm Feb 4, 2008 3:00pm
As you can see 200 is doing very good resistance, but it's pretty close to the 89, the 89 could play as resistance too, i would wait to break 89 and then will see
Attached Image (click to enlarge)
Click to Enlarge Name: G-U.JPG Size: 67 KB
  • #11,186
  • Feb 4, 2008 3:06pm Feb 4, 2008 3:06pm
Out +3, this market is dead.
Keep taking CT trades, I need more money
  • #11,187
  • Feb 4, 2008 3:22pm Feb 4, 2008 3:22pm
.
Attached File(s)
File Type: pdf Written Copy of 1.Anticipation Rules and Rhythm.pdf   45 KB | 897 downloads
  • #11,188
  • Feb 4, 2008 3:45pm Feb 4, 2008 3:45pm
Watch out for the news, AUD interest rates at 10:30 EST tonite... could be a TC as well. Expectation is for a 1/4 rise. Aussie dollar has been running against yen and euro as well.

Quoting Borism
I will wait for the close and maybe then go short...
Since stop loss is the high of doji star, it isn't much of a risk

Ideas???http://www.forexfactory.com/images/icons/icon7.gif
  • #11,189
  • Feb 4, 2008 4:10pm Feb 4, 2008 4:10pm
Quoting ashes
.
Many thanks for your excellent work!

Regards Kersten.
  • #11,190
  • Feb 4, 2008 7:42pm Feb 4, 2008 7:42pm
Quoting ashes
.

thanks ashes.




"Together More Better Than Alone"
  • #11,191
  • Feb 4, 2008 7:46pm Feb 4, 2008 7:46pm
Hello to all, just wanted to post a golden rule of Phillip that I am strongly keeping in mind before making any trade.

The rule and own words of Phillip are:

"When the price is trending it normally breaks through the 89SMA and then pulls back to the 21EMA and then when it continues it could be the start of a strong trend."

If one can only be patient and disciplined enough to wait for a TC pattern when this rule apply, one can certainely make his way to become a full time professional trader just by being patient enough to wait just for those signals. They do are the most high probability setups that we can find.

Of course, a trend is not occuring every week or even every month, but when it does, if one apply this rule of Phillip and the thinking of Phillip and Ryanmcd of trying to stay in the trade as long as possible, one can really make a few hundreds pips a few times in the year without any hard thinking.

Again, the only thing is to be patient enough to wait for this kind of setup.

Posting this just to give myself and anybody interested a reminder of what is the essence of this method.

As the saying goes, trading in the direction of the dominent trend is the way to go or "the trend is your friend.

Taking a TC of macd with a bounce of the 8 EMA or 21 EMA in a strong trend is just that. If we coupled this with a candle pattern, we have an even more strong combination.

Sincerely

Shreem

P.S. Was thinking to post this as the market is really dead at the moment and so it is a great time to "sit on our hands" and do noting as there is no setup and then no reason to trade.

Great trading week to all
  • #11,192
  • Feb 4, 2008 8:47pm Feb 4, 2008 8:47pm
Quoting shreem
Hello to all, just wanted to post a golden rule of Phillip that I am strongly keeping in mind before making any trade.

The rule and own words of Phillip are:

"When the price is trending it normally breaks through the 89SMA and then pulls back to the 21EMA and then when it continues it could be the start of a strong trend."

If one can only be patient and disciplined enough to wait for a TC pattern when this rule apply, one can certainely make his way to become a full time professional trader just by being patient enough to wait just for those signals. They do are the most high probability setups that we can find.

Of course, a trend is not occuring every week or even every month, but when it does, if one apply this rule of Phillip and the thinking of Phillip and Ryanmcd of trying to stay in the trade as long as possible, one can really make a few hundreds pips a few times in the year without any hard thinking.

Again, the only thing is to be patient enough to wait for this kind of setup.

Posting this just to give myself and anybody interested a reminder of what is the essence of this method.

As the saying goes, trading in the direction of the dominent trend is the way to go or "the trend is your friend.

Taking a TC of macd with a bounce of the 8 EMA or 21 EMA in a strong trend is just that. If we coupled this with a candle pattern, we have an even more strong combination.

Sincerely

Shreem

P.S. Was thinking to post this as the market is really dead at the moment and so it is a great time to "sit on our hands" and do noting as there is no setup and then no reason to trade.

Great trading week to all

If you go back and look at most of my trades I trade that. When I used to do the 3min I used a 72EMA and each time it crossed through it would retest it, I called it the "golden trade" and it was gold about 85-90% of the time. If you look at it all it is doing is a wave of up down up down and most of the time when it retests it's the 3 "biggest" move. Right now the market is very light because the giants won and most of the trades I know did not show up today because of drinking too much LOL
Keep taking CT trades, I need more money
  • #11,193
  • Feb 4, 2008 9:05pm Feb 4, 2008 9:05pm
"Right now the market is very light because the giants won and most of the trades I know did not show up today because of drinking too much LOL"



No way! Really?
  • #11,194
  • Edited 9:45pm Feb 4, 2008 9:25pm | Edited 9:45pm
Leave it to Ryan to capture the cause and effect of today's slow markets... Looks like the GBP is getting heavy.... Aussie getting hit, "sell the good news"?

Edit: then buy the news and end up where you started (and taking out stops below and above). Nice!


Quoting Ryanmcd
If you go back and look at most of my trades I trade that. When I used to do the 3min I used a 72EMA and each time it crossed through it would retest it, I called it the "golden trade" and it was gold about 85-90% of the time. If you look at it all it is doing is a wave of up down up down and most of the time when it retests it's the 3 "biggest" move. Right now the market is very light because the giants won and most of the trades I know did not show up today because of drinking too much LOL
  • #11,195
  • Feb 4, 2008 9:49pm Feb 4, 2008 9:49pm
Quoting ashes
.
I have been waiting for this for a long time, thanks, you do great work
Plan your trades and trade your plans
  • #11,196
  • Feb 4, 2008 10:05pm Feb 4, 2008 10:05pm
Quoting unlv_tj
"Right now the market is very light because the giants won and most of the trades I know did not show up today because of drinking too much LOL"



No way! Really?

Yep, most of the trades that I know that are in the pits or floor are pretty high strung like to party a lot people, they may not party now but they did. Should be back to normal tomorrow.
Keep taking CT trades, I need more money
  • #11,197
  • Feb 4, 2008 10:51pm Feb 4, 2008 10:51pm
I see a TC trade on the EUR/USD.

It isn't a very stong TC signal but the triple top on the daily chart is what got me to take this trade.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: tb.JPG Size: 121 KB
  • #11,198
  • Feb 4, 2008 10:56pm Feb 4, 2008 10:56pm
Quoting Ryanmcd
If you go back and look at most of my trades I trade that. When I used to do the 3min I used a 72EMA and each time it crossed through it would retest it, I called it the "golden trade" and it was gold about 85-90% of the time. If you look at it all it is doing is a wave of up down up down and most of the time when it retests it's the 3 "biggest" move. Right now the market is very light because the giants won and most of the trades I know did not show up today because of drinking too much LOL
yes sir! Any setup using 2 or 3 moving averages could give similar results. That is one of the good parts of 4h macd system. Of course market is waiting for central banks. I wanted to trade before Feb 7, but so far it seems won't be possible... maybe tomorrow after the super Tuesday... and when your friends come back...

Adrian
  • #11,199
  • Feb 5, 2008 12:07am Feb 5, 2008 12:07am
Quoting FxTex
I see a TC trade on the EUR/USD.

It isn't a very stong TC signal but the triple top on the daily chart is what got me to take this trade.
i'll wait for europe open and breaking the triangle
Attached Image (click to enlarge)
Click to Enlarge Name: yen.gif Size: 34 KB
  • #11,200
  • Edited 5:54am Feb 5, 2008 12:54am | Edited 5:54am
short e/u @ 4814. stop above the triangle. small candles, macd turned down. anticipating a move towards the 89sma.

edit: stoploss set to BE

edit: took 50% off the table @ 45 pips profit

edit: another 50% profit taken @ 85 pips (1/4 of the original position still running)

edit: 89sma reached and full profit taken @ 100 pips

total: ((100+85)/2 + 45)/2=68.75 pips gain
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