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4H Trading Setup (Sto+MACD+TL+SK=?)

  • #41
  • Mar 18, 2008 1:28pm Mar 18, 2008 1:28pm
here comes the result of usdchf.


at all struggle holding and waiting, stop loss finally hit. (-175pips)
what a costly lesson not to trade the half way setup.

anyway, i still have (+100pips) cover the half loss.

forget the past, looking forward for the next setup. ^^
  • #42
  • Mar 18, 2008 2:13pm Mar 18, 2008 2:13pm
UPDATE SETUP RULE #2

Please visit post #1
  • #43
  • Mar 19, 2008 9:53am Mar 19, 2008 9:53am
position call
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd0319.png Size: 68 KB
Click to Enlarge Name: euraud0319.png Size: 69 KB
  • #44
  • Mar 19, 2008 11:02am Mar 19, 2008 11:02am
for the following trade setup scan, i will make sure the setup have more quality.

**no more uncertain macd direction in day
**no more 4h sto in 50%-70% only

1. day macd have to be either parallel or 45 degree angle.
2. 4h sto must reach 100% or 70%-80% with sk support.

please update your note
  • #45
  • Edited 2:45pm Mar 19, 2008 11:52am | Edited 2:45pm
Position Close.

3/19/08
AUDUSD +115
EURAUD +95
Attached Image (click to enlarge)
Click to Enlarge Name: result 0319.jpg Size: 12 KB
  • #46
  • Mar 19, 2008 12:02pm Mar 19, 2008 12:02pm
Quoting johntsai
for the following trade setup scan, i will make sure the setup have more quality.

**no more uncertain macd direction in day
**no more 4h sto in 50%-70% only

1. day macd have to be either parallel or 45 degree angle.
2. 4h sto must reach 100% or 70%-80% with sk support.

please update your note

I wrote this before.
Looking back on the charts I have never seen stoch. hit 100% or 0. I tried the settings you gave me and I cannot see it ever happening.
  • #47
  • Edited 3:20pm Mar 19, 2008 12:08pm | Edited 3:20pm
Quoting billbss
I wrote this before.
Looking back on the charts I have never seen stoch. hit 100% or 0. I tried the settings you gave me and I cannot see it ever happening.
m~ i dont understand why it didnt shown.
my chart does show 100 line on the top and 0 on the bottom.
anyhow, the defult ratio line before it is 76.4 and 23.6, but my sto always pass through it and get close to 0 and 100.

u might want to check different platform to see if it do shown.
once again, stochastic setup is 8/3/3
and im using mt4 platform.
  • #48
  • Mar 19, 2008 12:33pm Mar 19, 2008 12:33pm
This thread is build on systematically trading style.

I will do my best to post most updated opportunity and trading result in my convenience.

In other hand, please leave me as many opinion, commnet, suggestion as possible for me to make this thread better for everyone.

Here is couple question I request your commnet:
1. Do you prefer to see setup by pictures or by text description?
2. Do you prefer to see trading result in statement or by text description?
3. Is there any area I didnt make myself clear?

Kindly take your time to answer all the questions.

To know more about me, please visit my profile
  • #49
  • Mar 19, 2008 1:57pm Mar 19, 2008 1:57pm
i am new in the forum and this sistem is really good!

thx much for posting and now i go to learn much of this sistem.

sorry my english i am from swiss

1.picture
2.result statement
  • #50
  • Mar 19, 2008 2:04pm Mar 19, 2008 2:04pm
Quoting SecurID3
i am new in the forum and this sistem is really good!

thx much for posting and now i go to learn much of this sistem.

sorry my english i am from swiss

1.picture
2.result statement
welcome to the club.
i appreciate your post and your answer.

let me know if you have any question about the system while you are learning.
  • #51
  • Mar 19, 2008 2:54pm Mar 19, 2008 2:54pm
From now on, I will post my result in statement type (pic) and text type together.

For the past result, I did have pictures of statement, please go back and check them out.

Here is all the text type result since the first day I post this thread.

03/12
AUDJPY +5
NZDJPY +0
AUDNZD -74
USDCAD -9
EURJPY +203
AUDJPY +109

03/14
NZDJPY -22
AUDJPY +76
EURAUD +107

03/17
NZDUSD +100

03/18
EURUSD +0

Plus 03/19 trade, total 13 trades 3 draw down.
77% success rates.
  • #52
  • Mar 19, 2008 3:00pm Mar 19, 2008 3:00pm
Question for you. What if daily MACD is up and 4HR Stocs are oversold but the 1HR MACD is still down. Do you still place the buy order at the SK level anticipating the MACD to turn up later? Considering MACD is a lagging indicator.
Thanks
  • #53
  • Mar 19, 2008 3:17pm Mar 19, 2008 3:17pm
Quoting rumba68
Question for you. What if daily MACD is up and 4HR Stocs are oversold but the 1HR MACD is still down. Do you still place the buy order at the SK level anticipating the MACD to turn up later? Considering MACD is a lagging indicator.
Thanks
Good question!!

Basically on the setup requirement, day macd and h macd have to be in same direction. in the same time, 4h have to be o/s(uptrend) in order to confirm the setup.

when the h macd is down at major support/sk, it might take longer for the price to catch up again. we want to avoid this hassle. so, make sure day and h are both up and 4h sto is o/s in the same time.

also, keep in mind, we want to see parallel macd or 45 degree angle macd to form. this will give us less risk for price against position b/4 target reach.

check out my last trade at euraud and audusd. this is a good example on the macd.
  • #54
  • Mar 19, 2008 3:22pm Mar 19, 2008 3:22pm
Quoting rumba68
Question for you. What if daily MACD is up and 4HR Stocs are oversold but the 1HR MACD is still down. Do you still place the buy order at the SK level anticipating the MACD to turn up later? Considering MACD is a lagging indicator.
Thanks
E forza inter!!!
  • #55
  • Mar 19, 2008 5:49pm Mar 19, 2008 5:49pm
H4 and H1 of eurjpy is short, and brake down the line right?

H4 fibo 61.8

but daily stoch is up, and macd is down...

is a good position sell?
  • #56
  • Mar 19, 2008 6:10pm Mar 19, 2008 6:10pm
Quoting SecurID3
H4 and H1 of eurjpy is short, and brake down the line right?

H4 fibo 61.8

but daily stoch is up, and macd is down...

is a good position sell?
ok. if we are talking about the setup right now at 4pm pst, there is no setup at all, but there is an old setup that is barely hit the fib ext 618 target. if short the pair, it just not worth to chase to the end of 618 target.

according to ur description, it is not sound like a setup.

here is how i see the chart right now.

eurjpy 4h sto reached 38.2 line, its not an o/s yet. skip this chart then go to the next one. (THE END) ^^

BUT, there is a good setup around 0200GMT. pic at the end.
1. 4h o/b
2. macd down 45 degree. (nice)
3. trendline is down trend
4. h macd is down
5. in day, found sk

if entry, stop at 157.71, target 153.59. but is seems the trade had pass our 8hr period of holding time and not reach target. i will consider close the trade even target price didnt reach. Take money and run is my part of strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 79 KB
  • #57
  • Mar 19, 2008 6:16pm Mar 19, 2008 6:16pm
following time is my schedule to scan the setup.

PST

0800 am
1200 pm
0400 pm
0800 or 0900 pm
sometimes 1200am

please come back to check if there is any live call at that time.

scanning schdule will change with announce.
thx for supporting the thread!! appreciate it!!
  • #58
  • Edited 6:13pm Mar 20, 2008 1:59pm | Edited 6:13pm
Position Call

GBPCHF

20006 / 20236 / 19469

230 : 537 = 1 : 2.33

12% Risk

This is my first big move like this. I do not understand why GBPCHF have such wide movement. anyway, setup is setup. I wil give it a try. maybe this pair should treat more risk with it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF0320.jpg Size: 81 KB
  • #59
  • Mar 20, 2008 6:02pm Mar 20, 2008 6:02pm
Position Call

EURGBP

7777 / 7733 / 7912

40:139=1:3.48

5% risk
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP0320.jpg Size: 78 KB
  • #60
  • Edited 10:15am Mar 21, 2008 9:49am | Edited 10:15am
Position closed due to the Good Friday and weekend.

03/20
GBPCHF +3
EURGBP +12
Attached Image (click to enlarge)
Click to Enlarge Name: 0320.png Size: 4 KB
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