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4 Hour Strategy (MACD)

  • #12,261
  • Feb 27, 2008 4:51am Feb 27, 2008 4:51am
Quoting hijackxx
I can see you're too desperate to go short there 4newbie. If you are trading the daily, I suggest to take the trade tomorrow, when the daily candle closes. EU has no clear direction, no confirmation of the candle yet. There could be a chance that today's EU candle would close on blue again. Anything can happen until the bar closes. If you zoom into 1 hour, you can see there price ranges for 2 days. A breakout of the channel would be a better confirmation. Where? We don't know yet. I can see the same goes for GU, too.
My 2 cents for you.

I took the same trade which I lost. I use MIG trading station and my daily had closed with red candle with a nice round top b4 i took it at the opening of a new candle of 26/02. I am at GMT +1. i short @ 1.4830. TP @ 1.4755 and stop lost @ 1.4870. Attached is the chart. Is this one the losses or i have done something wrong. My concern is that my daily has already closed with red candle. But other posted here did'nt close with red. I confirm this on two differnt broker. Northfinance and MIG which i use to trade. Both of them has 1hr different in there server time.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,262
  • Edited 8:04pm Feb 27, 2008 5:05am | Edited 8:04pm
Just now
sell gbpusd @1.9864, SL 1.9912, BE 25pips, TP 1.9814.
Reason: CT and long up tails. >45 RT.

Result:
1, Price reach 25pips, BE
2, The potentical profit reaches 30+ ,then turnaround, according to rules: "Do not let > 25 profilt become to loss", so TP @ 1.9849
3, Exit: +15 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 38 KB
Rhythm, Motion, Emotion and Risk Reward.
  • #12,263
  • Feb 27, 2008 5:32am Feb 27, 2008 5:32am
Quoting aihua5
Just now
sell gbpusd @1.9864, SL 1.9912, BE 25pips, TP 1.9814.
Reason: CT and long up tails. >45 RT.
Great CT Aihua! I like that tail! hope u make some pips!
  • #12,264
  • Feb 27, 2008 5:37am Feb 27, 2008 5:37am
Quoting >Apocalypto<
Anyone watching the eur/usd!

I think Palmer will be retiring after this trade!
Now Palmer has got enough money to organise the "4h strategy MACD" seminar for us somewhere on Bermudas .
  • #12,265
  • Feb 27, 2008 5:37am Feb 27, 2008 5:37am
I have taken a CT on the eur/usd.

Ent 15037.7
S/L 15067

When u look at the chart the eur/ $ has made such a aggressive move, the angle of trend is far greater then 45 degree harmony. This is a pure CT based on the angle of the break up. There is a strong tail to confirm a pull back breather is on the card. the MACD is way over bought and making a round top above the +45 line.

I have a 30 pip stop in case we see another surge.

**NOTE on the chart i made a mistake 90 is ment to be 45 degree's**
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 50 KB
  • #12,266
  • Feb 27, 2008 5:39am Feb 27, 2008 5:39am
Quoting ira
Now Palmer has got enough money to organise the "4h strategy MACD" seminar for us somewhere on Bermudas .
Dame straight! do we all get fully paid airplane tickets? business class of course!
  • #12,267
  • Feb 27, 2008 5:42am Feb 27, 2008 5:42am
Quoting >Apocalypto<
I have taken a CT on the eur/usd.

Ent 15037.7
S/L 15067

When u look at the chart the eur/ $ has made such a aggressive move, the angle of trend is far greater then 90 degree harmony. This is a pure CT based on the angle of the break up. There is a strong tail to confirm a pull back breather is on the card. the MACD is way over bought and making a round top above the +45 line.

I have a 30 pip stop in case we see another surge.
Joseph, great analysis. It should be a high probability trade.
Rhythm, Motion, Emotion and Risk Reward.
  • #12,268
  • Feb 27, 2008 5:54am Feb 27, 2008 5:54am
Hi guys, just a short question ... is there a chat room where we can trade together the 4H strategy?? thank you in advance
  • #12,269
  • Feb 27, 2008 6:06am Feb 27, 2008 6:06am
Quoting >Apocalypto<
I have taken a CT on the eur/usd.

Ent 15037.7
S/L 15067

When u look at the chart the eur/ $ has made such a aggressive move, the angle of trend is far greater then 45 degree harmony. This is a pure CT based on the angle of the break up. There is a strong tail to confirm a pull back breather is on the card. the MACD is way over bought and making a round top above the +45 line.

I have a 30 pip stop in case we see another surge.

**NOTE on the chart i made a mistake 90 is ment to be 45 degree's**

aghhhhhh I am getting chased!
  • #12,270
  • Edited 7:51am Feb 27, 2008 6:17am | Edited 7:51am
Tail as well as MACD agressive turnaround way above 45 level. High probability trade

Enter 1.9860
Stoploss 1.9908
TP 1.9816 at 8ema and 365ema. Will take 50% profit after 20pips

Edit 1
Price have turnaround 1pip from my 1st TP at 1.9841. I will reset my stoplos to 20pips above entry as it gives it then plus minus 40pips from 1.9841. I am not prepared to let it go to my initial stoploss of 1.9908 after it ran 19pips. Only some loss management.

Edit 2
1.9840 was reached. Closed 50% for +17pips. Will use this 17pips as a stoploss for the remainder at 1.9877. That gives me BE

Edit 3
Stoploss moved to 1.9885 after I saw that there are Durable Goods news coming at 15:30. Just to give a bit of room should the tail above the 1.9900 be an indication of the news coming. Does not want to be caught in the crossfire. 30pips is enough.

Edit 4
1.9880 was reached. price is moving below entry level.

Edit 5
1.9825 was reached at 365ema and 8ema. Close remainder at 1.9828

Total gain 32+17 = 49/2 =24,5
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 22 KB
  • #12,271
  • Feb 27, 2008 6:19am Feb 27, 2008 6:19am
Quoting ira
Now Palmer has got enough money to organise the "4h strategy MACD" seminar for us somewhere on Bermudas .
so i hope eurusd goes 2.0000
1.6:airplane ticket
1.7:airplane and hotel
1.8:...
1.9:....
2.0000 : guess what
hw makes money and i watching it goes up and joking
  • #12,272
  • Feb 27, 2008 6:24am Feb 27, 2008 6:24am
Quoting >Apocalypto<
I have taken a CT on the eur/usd.

Ent 15037.7
S/L 15067

...
Feb 27, 12h23gmt

Hi Apocalypto,

What time you did that? of course the pair is overbought, but in my chart, I don't have CT yet. Maybe at 16h00 gmt. I am not ready to take a CT, perhaps if we get a negative divergence in coming hours/days.

A.
  • #12,273
  • Feb 27, 2008 6:27am Feb 27, 2008 6:27am
Quoting arodriguez
Feb 27, 12h23gmt

Hi Apocalypto,

What time you did that? of course the pair is overbought, but in my chart, I don't have CT yet. Maybe at 16h00 gmt. I am not ready to take a CT, perhaps if we get a negative divergence in coming hours/days.

A.
Hi I took it at on the 10pm candle open (Melbourne time). I dont use the colored MACD I saw a lower bar above the 45 so i took it. right now it anit a CT. the pa has moved higher, so has the MACD Bar. I do expect a bit of fight from the pa and I am playing with profits. see how it goes.

Please reffer to my chart, post #12268 on page 818

cheers
Joseph
  • #12,274
  • Feb 27, 2008 6:35am Feb 27, 2008 6:35am
Quoting bshadroo
so i hope eurusd goes 2.0000
1.6:airplane ticket
1.7:airplane and hotel
1.8:...
1.9:....
2.0000 : guess what
hw makes money and i watching it goes up and joking
It's ironic that such strong move happened after Palmer thought to leave the 1 hour entry posts
  • #12,275
  • Feb 27, 2008 6:39am Feb 27, 2008 6:39am
I am with Ira - don't want to risk any pips from yesterday on CT and this might be my first month ever with no loss 2 more days to go!

My GBP chart is starting to show support already so do as Phillip does get to BE after 20 pips.

I will wait for TC.

Also EUR may be resuming its weekly up trend as yesterday it finally broke the daily corrective cycle.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.gif Size: 21 KB
  • #12,276
  • Feb 27, 2008 6:48am Feb 27, 2008 6:48am
Quoting >Apocalypto<
Hi I took it at on the 10pm candle open (Melbourne time). I dont use the colored MACD I saw a lower bar above the 45 so i took it. right now it anit a CT. the pa has moved higher, so has the MACD Bar. I do expect a bit of fight from the pa and I am playing with profits. see how it goes.

Please reffer to my chart, post #12268 on page 818

cheers
Joseph
yes, now is clear. maybe we get the CT at 12h00 gmt... 2am for you. 1.4950/70 is first support in my opinion. OK, as I am not getting selling signal I am turning off my PC. Tomorrow I am traveling and last night I made nice pips. today flat. by the way, I am going to Australia on April for some 10 to 15 vacation days. Hopefully visiting Melbourne!

A.
  • #12,277
  • Feb 27, 2008 7:14am Feb 27, 2008 7:14am
I'm thinking of Vegas for the seminar although Bermuda might be easier for Phillip

Still in....+400...crazy.

Thinking out loud for this morning:

The durable goods orders comes out in about 20 minutes and Bernancke and home sales come out at 9 eastern. If the durable # is strong = dollar positve. There's more 'talk' that Bernie may lower interest rates today but it's a rumor, he is speaking this morning though. "We have to fix the credit markets and housing markets." Lowering interest rates is one way to do this but I don't think this brings the price of gold, corn (anyone seen a corn chart lately?) or oil down. Either way, if we get a strong durable goods order number and the EU falls back, it might shoot right back up if Bernie drops the rate .25 basis. Soooo, keeo an eye on things if you enter a trade on a $ pair this morning...

Has anyone heard from Donna? I pm'd her last week and didn't hear back.

So...Vegas or Bermuda?
  • #12,278
  • Edited 7:50am Feb 27, 2008 7:29am | Edited 7:50am
Quoting Palmer
I'm thinking of Vegas for the seminar although Bermuda might be easier for Phillip

Still in....+400...crazy.

Thinking out loud for this morning:

The durable goods orders comes out in about 20 minutes and Bernancke and home sales come out at 9 eastern. If the durable # is strong = dollar positve. There's more 'talk' that Bernie may lower interest rates today but it's a rumor, he is speaking this morning though. "We have to fix the credit markets and housing markets." Lowering interest rates is one way to do this but I don't think this brings the price of gold, corn (anyone seen a corn chart lately?) or oil down. Either way, if we get a strong durable goods order number and the EU falls back, it might shoot right back up if Bernie drops the rate .25 basis. Soooo, keeo an eye on things if you enter a trade on a $ pair this morning...

Has anyone heard from Donna? I pm'd her last week and didn't hear back.

So...Vegas or Bermuda?
Congratulations!
Unfortunately, I would not attend this semilar.
Please take some pictures and videos of the upcoming semilar.
Envy you.
Rhythm, Motion, Emotion and Risk Reward.
  • #12,279
  • Feb 27, 2008 7:51am Feb 27, 2008 7:51am
Quoting aihua5
Congratulations!
Unfortunately, I would not attend this semilar.
Please take some pictures and videos of the upcoming semilar.
Envy you.
thats just kidding man
palmer: please let us now how u move your stoploss,thx
  • #12,280
  • Feb 27, 2008 7:56am Feb 27, 2008 7:56am
Quoting Palmer
I'm thinking of Vegas for the seminar although Bermuda might be easier for Phillip

Still in....+400...crazy.

Thinking out loud for this morning:

The durable goods orders comes out in about 20 minutes and Bernancke and home sales come out at 9 eastern. If the durable # is strong = dollar positve. There's more 'talk' that Bernie may lower interest rates today but it's a rumor, he is speaking this morning though. "We have to fix the credit markets and housing markets." Lowering interest rates is one way to do this but I don't think this brings the price of gold, corn (anyone seen a corn chart lately?) or oil down. Either way, if we get a strong durable goods order number and the EU falls back, it might shoot right back up if Bernie drops the rate .25 basis. Soooo, keeo an eye on things if you enter a trade on a $ pair this morning...

Has anyone heard from Donna? I pm'd her last week and didn't hear back.

So...Vegas or Bermuda?
Thanks. I will be there.
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