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4 Hour Strategy (MACD)

  • #14,781
  • May 14, 2008 4:13am May 14, 2008 4:13am
Just took +25 pip out of EJ. Waiting for a retracement.
Attached Image
PIPS AND PIPS ONLY... + OF COURSE
  • #14,782
  • May 14, 2008 4:14am May 14, 2008 4:14am
Quoting napalc
Hi everybody, I have a very interesting idea of helping each other on this financial market. The idea is following, pls DO NOT CONSIDER IT TO BE FINANCIL PROGRAMM, IT IS FREE OF CHARGE AND NONPROFIT ORIENTED.

I have a website www.forexiva.com, where i'm trying to link professional traders (Trader) and people who are looking for help (let call them client) in this sphere, so i provide special software. Trader will continue his trading while, my software will read his trades and send them to the special client's programm. It's very simple. If trader wants to receive money for it, than he'll recieve it from client, if not, if he want to do it for free that's will be free.

I ask you again, don't ban my message, cuz i'm not going fool someone, i just mediator in this business.

P.S. Phillip, sorry that i'm doing my announcment in you thread, but i think that in this thread there are a lot of highly-skilled traders.

Thank you.
BEE CAREFULL THE SITE www.forexia .com HAS A TROJAN VIRUS!!!
I tried to connect and my computer protection flashed a warning!
Make sure losses are small and profits are bigger!
  • #14,783
  • May 14, 2008 4:22am May 14, 2008 4:22am
The Euro and GBP were difficult trades this morning, requiring maybe differant expectations and maybe even a 5 min time frame to pick off sums and therefore were much more work. I looked across to the USDCHF and USDJPY and saw better trades. But as i looked at the yen i realised i know nothing about its rhythm, i was all at sea there. I could have spent awhile understanding it but really there wasnt the time. And this is what Phil says, to know the rhythm of the pairing you have chosen. I understand the Euro and the GBP only at the moment and so have to leave others alone even though they look better, i just dont know the rhythm of them. In other words, with other pairings i simply dont know what i am doing just then and so couldnt take the trade.
  • #14,784
  • May 14, 2008 4:37am May 14, 2008 4:37am
Yup, very strange day and another +10x2 from the GBP. using entries on 5mins. Nothing clever going on here just trading on the momentum and volatility and quickly out.
  • #14,785
  • May 14, 2008 5:18am May 14, 2008 5:18am
Hi Hookem28,
I'm not aware of this setup that you are describing. Would you mind describing how you trade it - is it simply a break of the 2 tweezer top highs? I spend a lot of time going back through the charts looking for setups, how often they occur, success rate, appropriate Stop losses etc. Any info you can pass on would be great.
Thanks, Ben

Quoting Hookem28
Nice trading Nape!
The JPY gave a very rare, extremely bullish signal. Tweezer tops, followed by a candle closing at the top of the tweezers.
  • #14,786
  • Edited 6:45am May 14, 2008 6:44am | Edited 6:45am
Quoting napeharm
Will you guys be kind enough to PM each other over this and keep it off the thread.Thank you.
Completely agree. I would also ask others not to promote sites through this thread as it may become a bad habit. The idea behind it is very simple, there are many viewers which means many visitors. This thread is about 4Hour Strategy MACD and there is only one site devoted completely to the system www.fxtradeblog.com

PS you can always start your own thread and write there whatever you like
  • #14,787
  • May 14, 2008 6:49am May 14, 2008 6:49am
Tell me what is there that I don't like about this set-up? I'm not sure myself, so any ideas would be good.
Attached Image
  • #14,788
  • May 14, 2008 6:54am May 14, 2008 6:54am
Quoting ira
Tell me what is there that I don't like about this set-up? I'm not sure myself, so any ideas would be good.
There is no TC???

EUR seems to be continuing down and although it pulled up to the 8 I don't think it was a TC (at least on GMT+2). Also there are intersecting supporting trend lines in this area.

Anything possible here at the moment.
  • #14,789
  • Edited 7:33am May 14, 2008 7:12am | Edited 7:33am
Quoting ira
Tell me what is there that I don't like about this set-up? I'm not sure myself, so any ideas would be good.

The biggest problem for me here is probably that preceding candle with two tails, a spinner or whatever, showing indecision. Where is the next candle going to fall to?........the low of the last bar/trendline?. We had this issue the other day with the GBP but then the tail was the target but the candle was placed at a low point and the price was falling, and that is not clear here. So its a matter possibly of context. The GBP was on, this, maybe not.

Those are my thoughts..........Another thing also is that the Euro has also touched the 8ema from the monthly chart at its low of 1.5287.....bouncing off?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: may14.euro spinner.gif Size: 18 KB
Click to Enlarge Name: may14.gbp.gif Size: 19 KB
  • #14,790
  • May 14, 2008 7:26am May 14, 2008 7:26am
Quoting napalc
Hi everybody, I have a very interesting idea of helping each other on this financial market. The idea is following, pls DO NOT CONSIDER IT TO BE FINANCIL PROGRAMM, IT IS FREE OF CHARGE AND NONPROFIT ORIENTED.

I have a website www.forexiva.com, where i'm trying to link professional traders (Trader) and people who are looking for help (let call them client) in this sphere, so i provide special software. Trader will continue his trading while, my software will read his trades and send them to the special client's programm. It's very simple. If trader wants to receive money for it, than he'll recieve it from client, if not, if he want to do it for free that's will be free.

I ask you again, don't ban my message, cuz i'm not going fool someone, i just mediator in this business.

P.S. Phillip, sorry that i'm doing my announcment in you thread, but i think that in this thread there are a lot of highly-skilled traders.

Thank you.
I had to report this as this is not a place to promote websites. And then people gets a virus warning. You had to sort that out with the administrators of Forex Factory first before posting.
  • #14,791
  • May 14, 2008 7:36am May 14, 2008 7:36am
Quoting Phillip Nel
I had to report this as this is not a place to promote websites. And then people gets a virus warning. You had to sort that out with the administrators of Forex Factory first before posting.

Quite so, a very unwelcome post for several reasons. Thanks to 2be for finding the possible trojan.
  • #14,792
  • May 14, 2008 7:39am May 14, 2008 7:39am
Quoting napeharm
GBP: I took the TC on the GBP in the end. Mostly because it went up to touch the 8ema before falling again. My target was the trendline somewhere around 1.9400 and i was in slightly late because of the speed of the move for +14.
I dont see any TC here according to the MACD system as teached on this thread. The graph I includes show how a TC according to this thread and the teachings that was given looks like.

Going for quick 10-15 pips to support or resistance lines is not part of this system. There are other short term strategies giving us the oppertunity to take those types of trades. People will get confused as there is now 2 types of TC.
Can we please stick to the original system as set out in the document with the market motion and candle emotion CONFIRMED by the MACD signals.
Thanks
Phillip
Attached Image
  • #14,793
  • May 14, 2008 7:43am May 14, 2008 7:43am
Quoting brettboz
There is no TC???

EUR seems to be continuing down and although it pulled up to the 8 I don't think it was a TC (at least on GMT+2). Also there are intersecting supporting trend lines in this area.

Anything possible here at the moment.
Yes, you are right - there was no signal, that was the reason I didn't take this trade. But there was something else which I didn't like, maybe napeharm right, two tails. I also see now that one tail touched 1.5400 level. Anyway it is always good to think about what you don't like about setup.
  • #14,794
  • Edited 8:11am May 14, 2008 7:59am | Edited 8:11am
Quoting Phillip Nel
I dont see any TC here according to the MACD system as teached on this thread. The graph I includes show how a TC according to this thread and the teachings that was given looks like.

Going for quick 10-15 pips to support or resistance lines is not part of this system. There are other short term strategies giving us the oppertunity to take those types of trades. People will get confused as there is now 2 types of TC.
Can we please stick to the original system as set out in the document with the market motion and candle emotion CONFIRMED by the MACD signals.
Thanks
Phillip

Ooooppps, Sorry people thats the second time i made that mistake!. I have amended that post to qualify the terminology.
  • #14,795
  • May 14, 2008 8:02am May 14, 2008 8:02am
Guys, the market looks very nervous for now! Core CPI 0.1% (Prices paid by U.S. consumers rose less than forecast in April, reflecting declining costs for furniture and hotel stays that outweighed the biggest jump in food prices in 18 years.) For me EURUSD no signals! GBPUSD be carefull! Big spike for downside! Many buy limits at 1.9400!
Dow Jones 12.832 -44.13
Oil - 125.35
Gold - 870.15
Nothing to do with this! I'm watching the market!
THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #14,796
  • May 14, 2008 8:04am May 14, 2008 8:04am
Both GBP/USD and EUR/USD seem to be counter trending now and both have broken UST resistance trend lines on the 1H. Both are creating RB's on the 4H MACD BUT the stop is massive on both even if taking the trade on the pullback to the breakout point. If waiting for pullback its around 70 pips for GBP and 60 for EUR. Too much risk it would seem
  • #14,797
  • May 14, 2008 8:41am May 14, 2008 8:41am
Quoting brettboz
Both GBP/USD and EUR/USD seem to be counter trending now and both have broken UST resistance trend lines on the 1H. Both are creating RB's on the 4H MACD BUT the stop is massive on both even if taking the trade on the pullback to the breakout point. If waiting for pullback its around 70 pips for GBP and 60 for EUR. Too much risk it would seem
With all these tails about it is very difficult to make decisions, alot of emotion is building up here and it is wise to wait for the direction to become clear. The Euro is presently between the 21 and 89 on the daily, so things are heating up.
  • #14,798
  • May 14, 2008 8:56am May 14, 2008 8:56am
This is the 4hr macd template for kaka08,and anyone else who wants it.
Attached File(s)
File Type: tpl 1_forum.tpl   3 KB | 481 downloads
  • #14,799
  • May 14, 2008 9:04am May 14, 2008 9:04am
Nothing yet
  • #14,800
  • May 14, 2008 9:25am May 14, 2008 9:25am
Quoting napeharm
This is the 4hr macd template for kaka08,and anyone else who wants it.
Thanks Nap, but there is no MACD template on it. That is actually what I wanted. What I have now looks like what u can see below:
Attached Image
PIPS AND PIPS ONLY... + OF COURSE
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