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4 Hour Strategy (MACD)

  • #16,221
  • Jul 18, 2008 7:19am Jul 18, 2008 7:19am
Quoting Hookem28
Beautiful 3 Sisters on the Euro.
I'm short the GBP, based on the 4 Hour tail.
Saka,
Are you still in the JPY trade from yesterday? Major bank if so.
No no no, I just got 50 pips and ran away
Plan your trades and trade your plans
  • #16,222
  • Jul 18, 2008 8:53am Jul 18, 2008 8:53am
i see a possible sHs in H1 ,becarefull
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  • #16,223
  • Jul 18, 2008 10:14am Jul 18, 2008 10:14am
Info
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File Type: zip Daily Wrapup 18 July2008.zip   772 KB | 2,480 downloads
  • #16,224
  • Jul 18, 2008 11:30am Jul 18, 2008 11:30am
hi ,

I'll appreciate it if someone will reffer me to "V shape" on macd dicussion .

Thanks ,

Barak
  • #16,225
  • Jul 18, 2008 11:48am Jul 18, 2008 11:48am
you right Phil, very hard time to trade, what I made once I pay back in next few trades, most of becouse leave trade and go to work, better don't trade when not online
  • #16,226
  • Jul 18, 2008 2:51pm Jul 18, 2008 2:51pm
Hello! I am a novice trader from Spain!
Searching and indicators looking good, I have a few that I do not seem to fail.
One is this MACD4H! I like it a lot because we all know the MACD indicator, but this way we took him to read it much performance.
I speak very well English, but if someone wanted to please help me understand!
Using MACD if I understand it, and I think that the EMA and SMA are points of support.
if someone can tell me the best ...
What we are is where for example if you touch the EMA as 8 know if the trend continue? or know if bounces in the EMA?
I watched all the tutorials, but in the translation do not understand!

If anyone can do me a small sum ... thank you very much in advance!
  • #16,227
  • Edited 3:25pm Jul 18, 2008 3:10pm | Edited 3:25pm
Quoting alfred
you right Phil, very hard time to trade, what I made once I pay back in next few trades, most of becouse leave trade and go to work, better don't trade when not online
I have to agree few days back were a disaster in the market. The market took back some pips I had in pocket (-45pips now I have 103pips grrr..), though it won't take my positive spirit away.
A very interesting daily chart I have here, at least for me.
I think GU is retracing back to fibo 50% after breaking out some channel there, trying to make a tail, and if my speculation works well there, maybe we'll see a bullish market once again, forms a TC maybe, on tuesday?
Or maybe if my speculation is wrong price might break 50% fibo and TC doesn't happen. Time will tell. Have a nice weekend everyone.
Hijackxx
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  • #16,228
  • Jul 18, 2008 7:38pm Jul 18, 2008 7:38pm
This thread is very great, which is not only a course of a specific trading system, but also a kind of entrance teaching course for the newbies.

Great job, Phil!
  • #16,229
  • Jul 18, 2008 8:19pm Jul 18, 2008 8:19pm
Written copy from Phillips MP3 Post 16213.
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File Type: doc Daily wrapup 17 July 2008.doc   24 KB | 548 downloads
  • #16,230
  • Jul 19, 2008 11:41am Jul 19, 2008 11:41am
hi ,

looks interesting for short , i'll be glad to know your thoughts about this pair,

regards,
Barak.
  • #16,231
  • Jul 19, 2008 2:21pm Jul 19, 2008 2:21pm
Quoting Barak's pip
hi ,

looks interesting for short , i'll be glad to know your thoughts about this pair,

regards,
Barak.
Hi Barak,
I don't trade EJ yet (haven't backtest, etc), and what I would like to comment about last's week EJ, it was like a rollercoaster..
Will you please tell me how you analyse next week's EJ, and why would it be good for short?
Hijackxx
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  • #16,232
  • Jul 19, 2008 2:45pm Jul 19, 2008 2:45pm
Quoting hijackxx
Hi Barak,
I don't trade EJ yet (haven't backtest, etc), and what I would like to comment about last's week EJ, it was like a rollercoaster..
Will you please tell me how you analyse next week's EJ, and why would it be good for short?
Hijackxx
hi ,

the reason I see short :
on the dailly chart there is divergence + 169.40 is a strong resistance.
on the 4h there is a potential for a round top.
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  • #16,233
  • Jul 20, 2008 9:02pm Jul 20, 2008 9:02pm
Here is the daily wrap up for July 18th, post 16223
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  • #16,234
  • Jul 20, 2008 11:48pm Jul 20, 2008 11:48pm
I see a TC down (bounce off zero) on the GBP/USD. I am not taking it until i see the TC on the 1 hr and 30 mins which are forming now. So maybe in an hour or so I'll be in for a sell.
  • #16,235
  • Jul 21, 2008 12:50am Jul 21, 2008 12:50am
Quoting Seepiprun
I see a TC down (bounce off zero) on the GBP/USD. I am not taking it until i see the TC on the 1 hr and 30 mins which are forming now. So maybe in an hour or so I'll be in for a sell.
That was good idea Be carefull - see 200ma on 1h-chart.
  • #16,236
  • Jul 21, 2008 2:05am Jul 21, 2008 2:05am
Just close out the trade.

I opened 2 lots at 1.9943 @ 7:15

Close the first out after +17pips (First TP)
Close out second lot after: +24 pips

I close out after price touched 200SMA on 1 hr.
To closeout I went to 5 minute chart. It was a the long tail down and it was making a higher low.
  • #16,237
  • Jul 21, 2008 2:10am Jul 21, 2008 2:10am
  • #16,238
  • Jul 21, 2008 4:01am Jul 21, 2008 4:01am
EUR/USD this morning
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  • #16,239
  • Jul 21, 2008 4:48am Jul 21, 2008 4:48am
Are there any rules on when to take a trade when it breaks through the zero line on macd?

Alot of times I wll TC on lower time frames when I see the MACD bar break through zero on 4 hr.

I have always had trouble with this signal.
  • #16,240
  • Edited 11:33am Jul 21, 2008 5:20am | Edited 11:33am
long uj 106.68, s/l 106.29, t/p previous highs, tl
didn't wait for MACD TC, and 1hr MACD still below 0, no ZB signal.
Entered with half position.

edit 11:02 gmt: took 27 pips (tl and round number) partial profit because of that sudden spike, remaining position to BE.

edit 13:16 gmt: closed 2nd half with 43 (higher tl), total 35 pips
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