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4 Hour Strategy (MACD)

  • #12,741
  • Edited 12:06pm Mar 11, 2008 12:04pm | Edited 12:06pm
Hello everyone, first of all, wanna congrats ppl that trade eur/usd, i personally felt a little unsecure, but i had success with eur/gbp 60 pips....

Anyway, my question is why the High and Low for most of the currencies are so close to each other today..is this because of the FED News? Is there any special techinique to deal with this moment? It would be interesting to learn about situations like this one, thanks in advanced
  • #12,742
  • Mar 11, 2008 12:04pm Mar 11, 2008 12:04pm
Quoting bshadroo
sold 5343,sl 5373 i think it backed to the breaking point and wants to countinue going south
Just shorted this, the candle cosed below the 2 TLs and below the 61 fib level. The tails are up as well. All on 1 hour. TP and SL 30 pips
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  • #12,743
  • Mar 11, 2008 12:06pm Mar 11, 2008 12:06pm
Quoting ybeidas
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..
yes,its now breaking my m5 (up TL) to down and h1 closed good and i think everything is ready to go down.i see u r here phillip .please tell us how u see our trade?
thx
  • #12,744
  • Mar 11, 2008 12:28pm Mar 11, 2008 12:28pm
Info
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  • #12,745
  • Mar 11, 2008 2:11pm Mar 11, 2008 2:11pm
Bshadroo, you might like this:
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  • #12,746
  • Mar 11, 2008 2:20pm Mar 11, 2008 2:20pm
Quoting yofatmamma
Bshadroo, you might like this:
u r very smart.yes, im waiting for some kind of confirmation ,i think its very bullish and dangerous for sell
  • #12,747
  • Mar 11, 2008 2:42pm Mar 11, 2008 2:42pm
Ironic hey. They take your money (taxes) and then find a way to screw you out of more!!! 200Billion "loans" AND lost pips!!!


Quoting Ryanmcd
lol don't fight the fed unless you like to lose. They have more money then you
  • #12,748
  • Mar 11, 2008 3:28pm Mar 11, 2008 3:28pm
Quoting EricthePip
Ironic hey. They take your money (taxes) and then find a way to screw you out of more!!! 200Billion "loans" AND lost pips!!!

Oh ya lol!
Keep taking CT trades, I need more money
  • #12,749
  • Mar 11, 2008 3:29pm Mar 11, 2008 3:29pm
Quoting bshadroo
i checked james16 forum but didnt find any special method.seems people trade the way they like.where is this "James16 Pinbar setup"?

It's in the thread, some pretty good stuff but it has to fit how you like to trade.
Keep taking CT trades, I need more money
  • #12,750
  • Edited 4:27pm Mar 11, 2008 3:31pm | Edited 4:27pm
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
I just think that technical analyse can explain all the things happened in the market. You can find that fundamental just happens to fit chart. For instance, when GBP/USD broke 200 sma in daily chart in 14th Dec. 2007, I remember it happened to a news released about GBP, I remmember it was a retail sales which was very bad, made people believed that GBP's fundamental was very bad, in the meantime, it broke 200 sma in daily chart which is very important for GBP because GBP started its bullish trend in 16th April 2006, and nearly surported by 200 sma until the bull was over.

I also remmeber that from traditional techical analyse there is a view that at the end of a bullish trend, the price sometimes happens to go higher in a short time and falls in a short time as well accompanying with divergency, it means the trend is exauseted.

Today, Fed launched a $200 Billion stimulus plan, this makes EU formed a new high but fallen suddenly and have high probability to form a head and shoulder just like what it did in 23rd Nov. 2007,
My English is not good, hope you can understand me.
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Plan your trades and trade your plans
  • #12,751
  • Mar 11, 2008 4:17pm Mar 11, 2008 4:17pm
Quoting wardog
Hello everyone, first of all, wanna congrats ppl that trade eur/usd, i personally felt a little unsecure, but i had success with eur/gbp 60 pips....

Anyway, my question is why the High and Low for most of the currencies are so close to each other today..is this because of the FED News? Is there any special techinique to deal with this moment? It would be interesting to learn about situations like this one, thanks in advanced
wardog: 60 pips is 60 pips. That's a very good day if you ask me. I think given the current situation with all the US credit woes and the Fed talk, it can be called unique. So the answer to your question is yes. As far as any special technique to deal with it all is just to be cautious. There were some obvious runs with several pairs at the same time. It's hard not to get caught up in the moment of times like this but whether you make 10, 20, 60, or 100 for today, you ended up positive. The only real entry I saw was last night on the EU when the 1hr broke through the ascending triangle along with the TC on the 4hr. The US economy for a better word is 'wacked' and the currency pairs will act accordingly. Stand your ground with your rules period.
  • #12,752
  • Mar 11, 2008 4:19pm Mar 11, 2008 4:19pm
Quoting saka
I just think that technical analyse can explain all the things happened in the market. You can find that fundamental just happens to fit chart. For instance, when GBP/USD broke 200 sma in daily chart in 14th Dec. 2007, I remember it happened to a news released about GBP, I remmember it was retail sales which is very bad, made people believed that GBP's fundamental was very bad, in the meantime, it broke 200 sma in daily chart which is very important for GBP because GBP started its bullish trend in 16th April 2006, and nearly surported by 200 sma until the bull was over.
I also remmeber that from traditional techical analyse there is a view that at the end of a bullish trend, the price sometimes happens to go higher in a short time and falls in a short time as well accompanying with divergency, it means the trend is exauseted.
Today, Fed launched a $200 Billion stimulus plan, this makes EU formed a new high but fallen suddenly and have high probability to form a head and shoulder just like what it did in 23rd Nov. 2007,
My English is not good, hope you can understand me.
saka:

No problem with the English or your analysis, nice work.
  • #12,753
  • Mar 11, 2008 6:24pm Mar 11, 2008 6:24pm
Phillip's February review is on the website...
  • #12,754
  • Mar 11, 2008 6:54pm Mar 11, 2008 6:54pm
http://forexfactory.com/showpost.php...postcount=3504
Failure, is a wonderful teacher!
  • #12,755
  • Edited 9:09pm Mar 11, 2008 7:56pm | Edited 9:09pm
The GBP has crossed the 21MA and by the rules it is supposed to retrace back to the 21MA. Would placing an order back to the 21MA be an alright trade if TP was set to BE after 15 pips and TP at 30 pips, and is it considered a CT?
Raymond

Never mind I found it... it is a CT
  • #12,756
  • Mar 11, 2008 8:53pm Mar 11, 2008 8:53pm
Phillip/ Palmer, The February review is really good thanks for making it/ posting it. I realized I am looking over too many pairs I think my brain gets over -whelmed expecially in the morning when most of the trading happens for me.
  • #12,757
  • Mar 11, 2008 10:18pm Mar 11, 2008 10:18pm
Quoting Palmer
Phillip's February review is on the website...
I am not register with your website and I was wondering whether I would be able to view the Feb. wrap up. I am relatively new and still learning. I am alway wanting to learn more if it is appropriate at this stage in my trading career. If the info is solely regarding your 1 hr system, I know I am not ready yet... but i will be.
Raymond
  • #12,758
  • Mar 11, 2008 11:51pm Mar 11, 2008 11:51pm
Long GBPUSD 2.0121
SL 2.0090
TP1 2.0152

Moved SL to breakeven at +25.

Well that was an interesting 20 minutes. Taken out at +1.
Will wait for possible reentry.
  • #12,759
  • Mar 12, 2008 12:16am Mar 12, 2008 12:16am
Quoting mike1349
http://forexfactory.com/showpost.php...postcount=3504
apply same logic in 4h time frame...
  • #12,760
  • Mar 12, 2008 12:58am Mar 12, 2008 12:58am
I always though the goverment somehow had some type of influence on the markets besides the regular stuff. Check this out....off topic but interesting.

http://www.telegraph.co.uk/money/mai...0/ccview30.xml
The more obstacles I overcome the better man I become.
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