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4 Hour Strategy (MACD)

  • #12,721
  • Mar 11, 2008 8:40am Mar 11, 2008 8:40am
Quoting ira
Grrrr... was stoped at b/e on U/J and now look at it. Missed EUR, crazy trading today, I should go for a walk.
Ira,
They all happened because of news!! Do you stay in trade in news?
I know the meaning of HL and LH but i didn't get your observation with MACD and a good chance of going to 21ema.

Thanks for taking time and answer the questions.

Mike
Failure, is a wonderful teacher!
  • #12,722
  • Edited 9:12am Mar 11, 2008 8:44am | Edited 9:12am
ok,
I am ready to go long E/U in 1hr TF.Why?
1)89 acted as a good support.
2)I like the downside tail on big red candle.
3)price dropped because of news which Dows says news can't change the trend.So I think E//u has the potential to go up again.
At least 20 pips for God sake!!

Edit 1:My candle is not closed yet and MACD is red so if it stays red I go for a walk too!!
Edit 2:Candle closed-MACD Red-Going for a walk
Mike
Attached Image (click to enlarge)
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Failure, is a wonderful teacher!
  • #12,723
  • Edited 9:20am Mar 11, 2008 9:09am | Edited 9:20am
someone tell me what does it mean?dont say news ,it was not such an important one
edit:ok.i red bloomberg. i think there were some news with FED wich was not in calender
Attached Image (click to enlarge)
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  • #12,724
  • Mar 11, 2008 9:21am Mar 11, 2008 9:21am
Quoting bshadroo
someone tell me what does it mean?dont say news ,it was not such an important one
edit:ok.i red bloomberg. i think there were some news with FED wich was not in calender
The Fed launched a $200 Billion stimulus plan.

http://www.cnbc.com/id/23573249
  • #12,725
  • Mar 11, 2008 9:33am Mar 11, 2008 9:33am
Quoting mike1349
ok,
I am ready to go long E/U in 1hr TF.Why?
1)89 acted as a good support.
2)I like the downside tail on big red candle.
3)price dropped because of news which Dows says news can't change the trend.So I think E//u has the potential to go up again.
At least 20 pips for God sake!!

Edit 1:My candle is not closed yet and MACD is red so if it stays red I go for a walk too!!
Edit 2:Candle closed-MACD Red-Going for a walk
Mike

lol don't fight the fed unless you like to lose. They have more money then you
Keep taking CT trades, I need more money
  • #12,726
  • Mar 11, 2008 9:40am Mar 11, 2008 9:40am
Quoting Ryanmcd
lol don't fight the fed unless you like to lose. They have more money then you
he comes back.where were u man?
  • #12,727
  • Mar 11, 2008 9:50am Mar 11, 2008 9:50am
Hi,

I bought the swissy due to a pullback to the 21 in the 1h timeframe.
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  • #12,728
  • Mar 11, 2008 9:52am Mar 11, 2008 9:52am
Quoting bshadroo
he comes back.where were u man?

Reading up on the Jame16 site, getting better with price action and adding that into the macd stuff. Working well so far will post once I get it down better.
Keep taking CT trades, I need more money
  • #12,729
  • Mar 11, 2008 10:05am Mar 11, 2008 10:05am
missed your answers
  • #12,730
  • Mar 11, 2008 10:30am Mar 11, 2008 10:30am
Quoting Borism
missed your answers

Nice to feel missed. I really want to get this price action down very well before I start posting trades here because as you know I hate to see people lose money. This macd does make money as you have seen, I just stink with price action due to trading a 3min for so long. If you look into one think check out the James16 Pinbar setup, it's really nice and if you use it with the macd it will help keep your losers down.
Keep taking CT trades, I need more money
  • #12,731
  • Mar 11, 2008 10:31am Mar 11, 2008 10:31am
hi palmer
i see u r here.wondering where is your stoploss?
  • #12,732
  • Mar 11, 2008 10:54am Mar 11, 2008 10:54am
Info
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 22 KB
Attached File(s)
File Type: zip Daily Wrapup 11 March2008.zip   829 KB | 1,011 downloads
  • #12,733
  • Mar 11, 2008 10:56am Mar 11, 2008 10:56am
Quoting Ryanmcd
Nice to feel missed. I really want to get this price action down very well before I start posting trades here because as you know I hate to see people lose money. This macd does make money as you have seen, I just stink with price action due to trading a 3min for so long. If you look into one think check out the James16 Pinbar setup, it's really nice and if you use it with the macd it will help keep your losers down.
i checked james16 forum but didnt find any special method.seems people trade the way they like.where is this "James16 Pinbar setup"?
  • #12,734
  • Mar 11, 2008 11:11am Mar 11, 2008 11:11am
Quoting vette1974
I lost 38 pips on USDCHF. Does anyone see where I went wrong? Or is it just one of those trades?
USD came out with positive Trade Balance News
  • #12,735
  • Mar 11, 2008 11:13am Mar 11, 2008 11:13am
Quoting Ryanmcd
lol don't fight the fed unless you like to lose. They have more money then you
Finally, hes back!!!
  • #12,736
  • Mar 11, 2008 11:17am Mar 11, 2008 11:17am
can't seem to open your daily wrap up Phil, any one else having that problem or just me?
  • #12,737
  • Mar 11, 2008 11:22am Mar 11, 2008 11:22am
I just took USDCAD long, TC pattern, WIth a nice bounce off 21, and a 61 fig level. USD also had good news earlier on, and the 1 hour looks smooth. Only problem i see is that we are close to a top of daily channel.
Attached Image (click to enlarge)
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  • #12,738
  • Edited 1:08pm Mar 11, 2008 11:34am | Edited 1:08pm
sold 5343,sl 5373 i think it backed to the breaking point and wants to countinue going south
edit:closed +25
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  • #12,739
  • Mar 11, 2008 11:47am Mar 11, 2008 11:47am
bshadroo..same analysis here...i fear i may have jumped in too early though, maybe should have waited for move away from break again...oh well....we will see where the 1 hr closes, should tell us..
  • #12,740
  • Mar 11, 2008 12:03pm Mar 11, 2008 12:03pm
Quoting yofatmamma
I just took USDCAD long, TC pattern, WIth a nice bounce off 21, and a 61 fig level. USD also had good news earlier on, and the 1 hour looks smooth. Only problem i see is that we are close to a top of daily channel.
The setup is OK. What I am worrying is the volatility of CAD, 200SMA, and the length of singal candle, so the R/R could be hard to manage.
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