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4 Hour Strategy (MACD)

  • #11,701
  • Feb 14, 2008 9:59am Feb 14, 2008 9:59am
Quoting Ryanmcd
Here is how I read the market.


EURUSD = LONG
GBPUSD = LONG
USDJPY = LONG
EURJPY = LONG
why EURUSD and GBPUSD are LONGS although the 21 is below the 89 in case of GBPUSD and the 21 and price are below 89 in case of EURUSD
  • #11,702
  • Feb 14, 2008 10:14am Feb 14, 2008 10:14am
Quoting mike_dg
why EURUSD and GBPUSD are LONGS although the 21 is below the 89 in case of GBPUSD and the 21 and price are below 89 in case of EURUSD

coz price pullback above 21 ema(end of run for baearish) and if price pulback to 8 ema or 21 ema and candle pattern ok.or signal TC for buy not near resistance or bar not huge so take the TC .just my 2 cent.thanks



"together more better than alone"
  • #11,703
  • Feb 14, 2008 10:17am Feb 14, 2008 10:17am
Quoting juang
coz price pullback above 21 ema(end of run for baearish) and if price pulback to 8 ema or 21 ema and candle pattern ok.or signal TC for buy not near resistance or bar not huge so take the TC .just my 2 cent.thanks



"together more better than alone"
but price today touched the 89 and then reversed down 60 pips, so we can say the down trend is still in effect, as long as the 21 didn't break and stayed clearly above the 89 we are still in downtrend and we should look for TC to the downside
  • #11,704
  • Edited 10:48am Feb 14, 2008 10:20am | Edited 10:48am
Info

Remainder was closed at BE.
Attached Image (click to enlarge)
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Attached File(s)
File Type: zip Daily Wrapup 14 Feb2008.zip   819 KB | 894 downloads
  • #11,705
  • Feb 14, 2008 10:23am Feb 14, 2008 10:23am
Quoting mike_dg
but price today touched the 89 and then reversed down 60 pips, so we can say the down trend is still in effect, as long as the 21 didn't break and stayed clearly above the 89 we are still in downtrend and we should look for TC to the downside
this my chart on gu.thanks



"Together More better Than Alone"
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf9pagi h4.gif Size: 18 KB
  • #11,706
  • Feb 14, 2008 10:37am Feb 14, 2008 10:37am
Quoting PhilsOpinion
GbpUsd 08:00 candle




Entry 1.9649


Stoploss 1.9612

TP 1.9689 with 50% taken at 200sma and the rest at 89sma
Excellent one!
Plan your trades and trade your plans
  • #11,707
  • Feb 14, 2008 10:40am Feb 14, 2008 10:40am
Quoting mike_dg
but price today touched the 89 and then reversed down 60 pips, so we can say the down trend is still in effect, as long as the 21 didn't break and stayed clearly above the 89 we are still in downtrend and we should look for TC to the downside

As I said before all the 89 does is give me a idea as to where the market is going or resistance. The 8 and 21ma are the TRUE tells of where the market is going, Just look at the chart and you can see it's going up. Here are some charts.
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Click to Enlarge Name: gbp.jpg Size: 233 KB
Keep taking CT trades, I need more money
  • #11,708
  • Edited 11:42am Feb 14, 2008 10:44am | Edited 11:42am
The rhythm as I saw it since Tuesday. It has been discussed on many times on the thread. When comes from a down move and closes above the 21ema it tends to pull back to the 21ema and even some below it before moving upwards to the 89sma. The opposite for an upmove. Look at the graphs and tell me what you see.

If people are not going to stick to the anticipated rules they are not going to make it. People are looking for trades in the wrong direction against the anticipated rules while this specific rule has been discussed tens of times. One has to wait for the right moment to enter into the anticipated move according to the rules.
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  • #11,709
  • Feb 14, 2008 10:49am Feb 14, 2008 10:49am
Now that's a pretty chart.... Study it then Frame it (poster size)

Quoting Ryanmcd
As I said before all the 89 does is give me a idea as to where the market is going or resistance. The 8 and 21ma are the TRUE tells of where the market is going, Just look at the chart and you can see it's going up. Here are some charts.
  • #11,710
  • Feb 14, 2008 10:59am Feb 14, 2008 10:59am
Quoting Phillip Nel
The rhythm as I saw it since Tuesday. It has been discussed on many times on the thread. When comes from a down move and closes above the 21ema it tends to pull back to the 21ema and even some below it before moving upwards to the 89sma. The oppisite for an upmove. Look at the graphs and tell me what you see.

If people are not going to stick to the anticipated rules they are not going to make it. People are looking for trades in the wrong direction against the anticipated rules while this specific rule has been discussed tens of times. One has to wait for the right moment to enter into the anticipated move according to the rules.

THANKS FOR YOUR EDUCATION MY TEACHER.Its About Market Rythem same with classical music.


"Together More Better Than Alone"
  • #11,711
  • Feb 14, 2008 11:04am Feb 14, 2008 11:04am
i have had to losses :-25 and -20 in usdjoy today.it did whatever he wanted with me.first my sell stoped out at 50 then i bought and stoped out .
  • #11,712
  • Feb 14, 2008 11:15am Feb 14, 2008 11:15am
Quoting EricthePip
Now that's a pretty chart.... Study it then Frame it (poster size)

like usually i am wait for text daily wrap up 14-02-08.will be patient for waiting

thanks before eric

"Together More Better Than Alone"
  • #11,713
  • Feb 14, 2008 11:55am Feb 14, 2008 11:55am
Quoting Zuir
You was right, unfortunatly. There was another big reason. In daily graphics the SMA89 was a strong resistence on 1,4646 that I didn't saw. I must take my pips at that point or, better, don't do that because the risk of this trade was high.

My stoploss was in 1,4580. Now -34pips. Continue learning.
1.4632 is also R2 for pivot points and an area of huge resistance. I would assume that once it clears that, it is on to the 200/89 MA per Phillip around 1.4670. Still waiting for future signals
  • #11,714
  • Feb 14, 2008 12:03pm Feb 14, 2008 12:03pm
Quoting bshadroo
i have had to losses :-25 and -20 in usdjoy today.it did whatever he wanted with me.first my sell stoped out at 50 then i bought and stoped out .
Got me too. I got out after the large 1H falling star for a minimal loss (-7).
  • #11,715
  • Feb 14, 2008 12:04pm Feb 14, 2008 12:04pm
Quoting aihua5
OldDog and Eric,
Could you help to make the Page 329 post 4934 article "Which way is the trend" mp3 wrriten copy which I could not find. Thank you very much in advance.
Aihua5, Probably, the reason you couldn't find the written copy of Which Way is the Trend? is because its name was slightly changed. You can find it on page 365 post 5470. Its slightly different title is Trend Direction. You'll have to get the PDF charts from the original post by Phillip that you mentioned.
--Tony
  • #11,716
  • Feb 14, 2008 12:09pm Feb 14, 2008 12:09pm
Quoting arodriguez
Zuir,
I'm so sorry. Pair (E/U) is going nowhere right now. Going to sleep. Short term outlook is bullish but there is a lack of momentum... or strong resistances ahead. Current candle's formations show indecision in market. Next time, when market is not really going with you, try to move to BE asap. When price was at 4638 you could get small profit. Dr. Elder said: "experts run, newbies wait for losses". Animo!

A.
Thanks for your encouragement. I was studing my trade and i think, my problem was a short SL. I wrote that in my trade diary and I hope next time know this lection.
I read Elder some months ago and i knew this phrase, but in spanish, you know. It's really hard don't wait and run, but I'm in the way, like most of you. I'll come back now to listen and read another time about market rhythm.
Thanks. Good night. Gracias!
  • #11,717
  • Feb 14, 2008 12:52pm Feb 14, 2008 12:52pm
Quoting Ryanmcd
You guys are really starting to just trade anything or crap. Why not wait for a good trade? I guess this is the reason only 5% of the people make it in trading and everyone else loses. Keep taking these crap trades and you will be back to paper in no time. I guess you really can not teach someone to trade because they start off okay, then they start adding all of this crap to the trade and then start losing and do not understand why. These past 5-10 pages have all been for the most part crap trades, if you made money it was mostly luck not skill. Here is how I read the market.


EURUSD = LONG
GBPUSD = LONG
USDJPY = LONG
EURJPY = LONG


If you are going short on these you are taking a CT trade on in a bullish market. I posted on Sunday that we are going to have some TC's on these and it happened. Look at the trend here, its going up right? So why get short? Are you smarter then the market? Have you already made 10's of millions making these trades? Do you want to be a hero and tell your friends they you COUGHT THE TOP AND SHORTED IT? You guys keep shorting this bull movement and I will keep getting long and laugh each time you stop gets pegged. If you CT trade you will be right at the top and bottom, I will enjoy the 6-10 WINNING trades that are in the middle.
It is always the very simple that is the hardest. Once you see that trend it makes no sense to fight it as it can continue at any moment. Funny thing is once you can see the price movement it feels odd that other people can't see it because it is so simple.

However the TC trades were difficult this week to catch - and I have not entered a trade yet. I did miss the GBP this morning though.
  • #11,718
  • Feb 14, 2008 1:22pm Feb 14, 2008 1:22pm
Quoting maxster
It is always the very simple that is the hardest. Once you see that trend it makes no sense to fight it as it can continue at any moment. Funny thing is once you can see the price movement it feels odd that other people can't see it because it is so simple.

However the TC trades were difficult this week to catch - and I have not entered a trade yet. I did miss the GBP this morning though.
You are absolutely right. That is why anticipating according to the rules is so important and to trade only in that direction unless the market beggs you to trade the other way. But it has been difficult more in the sence of waiting for the right setup that satisfies the anticipated direction.
  • #11,719
  • Feb 14, 2008 1:24pm Feb 14, 2008 1:24pm
I am having problems with MT4. Is anyone else having connection problems to an MT4 demo account? I think the server might be down, I will wait and see if it comes back up tonight. I have MT4 on my lap top and my desktop at work. The MT4 on my desktop works, but I try to not use it.

Anyway, I took the EURUSD long. I probably should have waited for a retrace, but I cannot easily follow the market with MT4 down on my lap top, and it looks to be setting up for a good long (bounce off 21, close above 365, close back below 365 and bounce off of 21, then close back above the 365).

I got in at 1.4638.
SL @ 1.4575 (below the 21 EMA)
1st TP @ 1.4675 (just below the 89 MA).

I hope I don't have to re-install MT4 on my lap top. Ugh.
  • #11,720
  • Feb 14, 2008 1:48pm Feb 14, 2008 1:48pm
Quoting unlv_tj
I probably should have waited for a retrace, but I cannot easily follow the market with MT4 down on my lap top
When you have a little inner voice telling you something it is your trading experience, gut feeling, subconcious experience or whatever giving you hints.

I get these little voices all the time now and the voice is getting louder - don't ignore it.

Sometimes these voices are emotional stuff but if it says "should wait for retrace" it is proably your previous experience.

Eur has being pulled back into the 50% fib zone of the corrective cycle that started Nov of last year. Chances are it will continue up to the daily range boundary of 1.4900 area but you are buying right at at a major S/R zone. And EUR has had one hell of a difficult time getting here from the low of the range - reversing strongly with every rally then finding just enough buying to rally again instead of fully reversing.

I like GBP movement better it is much stronger.
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