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4 Hour Strategy (MACD)

  • #11,861
  • Feb 18, 2008 10:29am Feb 18, 2008 10:29am
It just opened a blank page for me. I'll just wait for the written copy.
Thanks as always!
Baglady gets the "Post of the Day" award. It's a definite, must read.
  • #11,862
  • Feb 18, 2008 10:38am Feb 18, 2008 10:38am
I get the same thing, opens a blank GIF file. Maybe the attachment is bad and/or Link is wrong at ForexFactory??

Quoting Hookem28
It just opened a blank page for me. I'll just wait for the written copy.
Thanks as always!
Baglady gets the "Post of the Day" award. It's a definite, must read.
  • #11,863
  • Feb 18, 2008 10:46am Feb 18, 2008 10:46am
Let me know if it is OK.
Attached File(s)
File Type: zip Daily Wrapup 18 Feb2008.zip   813 KB | 1,188 downloads
  • #11,864
  • Feb 18, 2008 10:53am Feb 18, 2008 10:53am
Works now. Gracias.
  • #11,865
  • Feb 18, 2008 11:24am Feb 18, 2008 11:24am
Guess who...

Looking at the EU here. Notice how price has found support at each of the current fib #'s but the 50% number was resistance. The 50% area usually is an area where a market settles for a while. The ma's are converging here as well. There is an upward trending channel in effect also. Price is below the 89 though but the MACD is trending to the upside. This may be a set-up for a possible long at least back to the 50% area for about 50 pips, if the R:R is there. Pay no attention to the MACD reading 133 pips to go green. This is because my quotes now include a 5th digit from the new broker. This MACD actually reads as 13.3...working on fixing that one...going to take a while to get use to this.

I went with Rosenthal Collins. They are a huge firm registered with the CFTC and NFA, and also offer options and equity funds. There are some major changes in the works for stricter regulations with FX brokers so I decided to make a change now. RC is still new to this and there are still some issues to work out with the MT4 platform, we'll see.
Attached Image
  • #11,866
  • Feb 18, 2008 11:33am Feb 18, 2008 11:33am
Quoting pipaholic
Ryan
I took the trade that you put on last night, although looking at it I felt it could go either way so went on your experience because it was a short stop. Put it on and went to bed woke up with 1 lot close +34 and set the other to BE. Still learning about the rythm so thanks for that.

Nice job, still sick so don't want to push myself trying to trade when I really dont need to. Will start trading again Tomorrow if I am feeling better.
Keep taking CT trades, I need more money
  • #11,867
  • Feb 18, 2008 12:42pm Feb 18, 2008 12:42pm
Hope you get to feeling better, I've been fighting a sinus/chest/head thing for weeks myself. You were absolutely right about the yen. Funny thing was, Phillips platform doesn't even show the s-h-s pattern.... Looks like some tails down, price wants to go higher... Stock futures are supportive....

Quoting Ryanmcd
Nice job, still sick so don't want to push myself trying to trade when I really dont need to. Will start trading again Tomorrow if I am feeling better.
  • #11,868
  • Feb 18, 2008 12:54pm Feb 18, 2008 12:54pm
Quoting EricthePip
Hope you get to feeling better, I've been fighting a sinus/chest/head thing for weeks myself. You were absolutely right about the yen. Funny thing was, Phillips platform doesn't even show the s-h-s pattern.... Looks like some tails down, price wants to go higher... Stock futures are supportive....

Also I did not see that GBPUSD trade, I prob would off took a stab at it if I was feeling better. Just watching MythBusters and eating health today
Keep taking CT trades, I need more money
  • #11,869
  • Feb 18, 2008 1:09pm Feb 18, 2008 1:09pm
I also took the USDJPY trade last night and I have the 1st take profit in the bank with the other half to break even I am probably going to close that out soon the price seems stuck. I hope you get to feeling better Ryan your post are always helpful.
  • #11,870
  • Feb 18, 2008 1:55pm Feb 18, 2008 1:55pm
Quoting EricthePip
Hope you get to feeling better, I've been fighting a sinus/chest/head thing for weeks myself....
hey guys, sorry to hear another member is not feeling well , i havent been so dandy myself last couple of days.Sinus, allergies , etc.. today felling sick as well. be carefull with the flu going around. hope we all get healthy soon. No trades for me today. could not concentrate at all. take care.
Nadia
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #11,871
  • Feb 18, 2008 2:01pm Feb 18, 2008 2:01pm
hi all
as palmer said there is an upchannel for eu.look at circle #1 i missed that one,i was watching it live and when i wanted to enter based on h1 it suddenly flied up and close very high around 4610 in 2 minutes.
and ..i hope if it want to breaks up (for the fifth run)this time ,it happen around circle #2 then we can catch it with small stoploss .
and i also attach a daily chart to show a bigger triangle with significant macd signals there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur.gif Size: 38 KB
Click to Enlarge Name: eur1.gif Size: 40 KB
  • #11,872
  • Feb 18, 2008 2:10pm Feb 18, 2008 2:10pm
Different time frame, different opportunity....once again the gmt based charts were a little late on the trigger.Signal came after a 100 pip bar....
risk reward was bad. But if you had taken the trade after this candle you would have still made 25 pips and moved rest to be. But would have been a real risky move after that long candle......not to mention a good way to lose some pips.... there will be other opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB


However on the 1hr it gave a good signal.....this is one of those times where the 1hr would have helped. A nice little doji off of the 89 at the middle of a "Phillip" Evening Star.... with the Fib 61.8 below for a good Take profit....Dashed line above is 4hr 200ma
Unfortunately for me, this occured at 2am Central Time....and Palmer didnt call me and wake me up......dang slacker..........Welcome back......
pipip......Jimdandy.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1hr.gif Size: 20 KB


Quoting Phillip Nel
Nice tail from the 21ema with price just coming off the 200and 89. MACD gave TC as well. Profit target at the TL as drawn.

Enter 1.9580
Stoploss 1.9626
TP 1.9528
Will take 50% after 30 and rest at 1.9528

Edit 1
50% closed at 1.9550 and set remainder at BE

Edit 2
Remainder closed at 1.9528 (Could not watch it live so set TP)
  • #11,873
  • Feb 18, 2008 2:53pm Feb 18, 2008 2:53pm
Quoting JimDandy
Different time frame, different opportunity....once again the gmt based charts were a little late on the trigger.Signal came after a 100 pip bar....
risk reward was bad. But if you had taken the trade after this candle you would have still made 25 pips and moved rest to be. But would have been a real risky move after that long candle......not to mention a good way to lose some pips.... there will be other opportunities.
Attachment

However on the 1hr it gave a good signal.....this is one of those times where the 1hr would have helped. A nice little doji off of the 89 at the middle of a "Phillip" Evening Star.... with the Fib 61.8 below for a good Take profit....Dashed line above is 4hr 200ma
Unfortunately for me, this occured at 2am Central Time....and Palmer didnt call me and wake me up......dang slacker..........Welcome back......
pipip......Jimdandy.
Attachment
Hi Jim

Yes, I am with the very same broker and I saw there was nothing on my chart but a big red candle. Very disappointing but I'll wait patiently for a signal on my GMT-based charts.

Not to be confused by other platform's charts.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #11,874
  • Edited 5:18pm Feb 18, 2008 3:10pm | Edited 5:18pm
Yea, Palmer didn't call me either, but an alarm woke me up at 2:27AM.... alarm was at 1.9576, but by the time a got down stairs market was at 9550, went short, and grabbed 25 pips on 1/2 and set the rest to BE... Then this AM got "nervous" on a retrace and ended up taking 25 pips as well on the second half.... 25 pips average.... Looks like we may get another chance at this one off the 8ema. Thanks for the Euro charts

Quoting JimDandy
Different time frame, different opportunity....once again the gmt based charts were a little late on the trigger.Signal came after a 100 pip bar....
risk reward was bad. But if you had taken the trade after this candle you would have still made 25 pips and moved rest to be. But would have been a real risky move after that long candle......not to mention a good way to lose some pips.... there will be other opportunities.
Attachment

However on the 1hr it gave a good signal.....this is one of those times where the 1hr would have helped. A nice little doji off of the 89 at the middle of a "Phillip" Evening Star.... with the Fib 61.8 below for a good Take profit....Dashed line above is 4hr 200ma
Unfortunately for me, this occured at 2am Central Time....and Palmer didnt call me and wake me up......dang slacker..........Welcome back......
pipip......Jimdandy.
Attachment
Attached Image
  • #11,875
  • Feb 18, 2008 5:19pm Feb 18, 2008 5:19pm
OK:

The website has been updated. With the success of the thread and the need/want/enthusiasm for more info, the website has grown as well. The biggest change is the navigation links on the left side of the page. Things should be more navigationable...navicable...navifinable...things should be easier to find. The quotes and charts pages are not loading properly. This may have something to do with the Saxo bank feed right now. If it doesn't clear up I'll have to look for another feed provider. I think everything is linked ok, if not, let me know.

The charts for the week have not been updated because we're past the Friday close for last week right now and that would be confusing.

I'll re-post this tomorrow when things are a little more active also...

http://www.fxtradeblog.com
  • #11,876
  • Feb 18, 2008 8:22pm Feb 18, 2008 8:22pm
Can someone post for me the rhythm strength indicator? I see it in some posted chart and it looks to be a very good indicator for TC trade. Can't find it in the thread, maybe i missed it.
  • #11,877
  • Feb 19, 2008 12:51am Feb 19, 2008 12:51am
Motion is motion......movement.
Rhythm begins when motion starts finding support on the 21 or 8ema in a certain direction.
Motion always exists .....unless all trading is stopped....
Rhythm can go away.
Kind of like watching me dance........lots of motion but no rhythm.
Hard to "anticipate" which way im going to move next.
Here are some charts for you to strain you eyes on.......
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyrhythm1.gif Size: 42 KB


where is it going now?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyrhythm2.gif Size: 27 KB


Your heart is in motion all the time. However if it loses its rhythm, say because of getting the wrong electrical signals. It can just move and pump no blood. Cardiac Arrhythmia also known as dysrhythmia can be fatal. Motion in rhythm is what we want in the market to pump some pips into our account....Look for it and live. Master it and trade for a living.......

Ok Im puttin my crayons back in the box now.....Pipip.......Jimdandy.
  • #11,878
  • Edited 8:31am Feb 19, 2008 12:53am | Edited 8:31am
waiting for tc in usdcad
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 36 KB
  • #11,879
  • Feb 19, 2008 1:32am Feb 19, 2008 1:32am
Thinking about eur?
The signal on mACD shows TC, but due to 61.8% fibo level I am a little skeptical about long for now. I little to much risk for 30 pips. I think I will wait to break the channel or the 61.8, then retrace and enter tc if possbile..
Your ideas are welcome fellow traders
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 29 KB
  • #11,880
  • Feb 19, 2008 1:36am Feb 19, 2008 1:36am
Quoting Al1nn
Can someone post for me the rhythm strength indicator? I see it in some posted chart and it looks to be a very good indicator for TC trade. Can't find it in the thread, maybe i missed it.
You can find it in Palmer's site
http://www.fxtradeblog.com/tools.html#indicators
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