4 Hour Strategy (MACD)

Hi everyone,

I'm using MT4 chart with MIG broker(demo account).
Right now I can only print out the chart in black color I've tried for few hours but I still could not print in color then I have to give up. When I was using North finance last month I could print the chart in color( may be because fxpro version?)

Sorry to disturb you guy. I am appreciated if anyone can help me out
Thank you

Pete

I took that trade last night but the 1 hour spinner destoryed me!

I did not see a TC on 4 hr, so I waited for the TC on the 1 hr and 30mins.

I took trade at the bottom of spinner candle on 1 hr, this destoryed my stoploss.

I violated one of my RULES: GRAVITY WILL ALMOST ALWAYS PULL PRICE

DOWN FIRST BEFORE MOVING UP. So wait to enter.

I should have waited,because I knew that it was going to come down to 200SMA (and it did) but I second guessed this thought after the spinner took out the stoploss.

Next maybe small lot size for bigger stop loss on movements like these.

I took the positional trade the bounce off the 200SMA to the 21EMA on 4hr.

Me too, you can also find that this support is also 89sma and 55ema of daily chart, and eu 1h has some signal of trend exausted. I think price will definitely have some bouce at this level. The problem is sl and TP, it may have a pin bar down and touch sl level. On the other hand is whether the TP should be set at 8ema or 21ema of 4h chart

A pin bar is real possibliablilty here, I agree.

I have a TP at 1.5750 because it is a major conslidation point.

So I opened two buy trades. That is risky because of a possible pinbar which I hope does not happen. My stoploss is 35 pips down. I hope thats enough.

Right now I see a possible TC forming on the GBP/Usd 4hr

Good morning everybody
Long trade to the 21 & 89EMA:
Pro:
- Nice RB on 4h
- Found big support on SMA200, TL
Cons:
- TC down on 1h
- New 4h and 1h candle bearish.

I will wait for the close of a new bullish 1h candle to go long.
Edit1: There's now a TC Down on 4h, let's wait the support could be broken ...

Manu

Hi guys, how do I put EMA and SMA lines on my platform? I've only got the MACD colored indicator appearing on my platform. Thanks

atayawa,

go for Phill's post No.1 and download 4Hour strategy.pdf . There is set up for MA's (pdf page 4 ).

Btw. I set artemis sitter on yesterday GU trade,while I was sleeping.It closed my position .It was unexpected, so trading on imaginary.TP1 reached, next TP 1,9911

Short CFD Trade EUR/USD 24/07/2008
Chart with timeframe 1hour
Strategy: price through sma(200), target ema(365)

Setup:
Stop Loss = 1.5695
Price = 1.5679
Target ema(365) = 1.5664 (Profit +15 pips)

Price went through ema(365)
Profit = 15 pips

Nice trade eTrader, I was not there and I found the R/R too low.
The RB is now looking good on 4h, RB on 1h. 1h candle bullish.
Take off:
Long EURUSD @ 1.5682, SL 1.5638, TP1:5717 (EMA8) TP2 1.5770 (EMA21 and big support/resistance).
If it could find resistance on the down TL and 200SMA like it did on the previous candles, I'll close my position.

EURUSD failed to move down and returned to the opening of the bar. So we have a RB + failed downmove (which is better that RB alone). But the bar still is either black or a doji, so buyers might not be so consolidated aswell. I think that if a bar closes with a white body, I'll open, otherwise I'll wait for a possible HL on the 1H chart and then, maybe, open (4H MACD then still will be RB, and on 1H - new HL).
Any thoughts?

P.S. So, bar closes black, I'll stay out and wait.

I am short with EURUSD.Will see, after 4HR candle closes.

...I think to confirm the long decision you should have a 1 hour candle close above the TL and 200 SMA. Don't you think so?
Michael

The long tail candle has to be green for me before I would have been interested. Therefore I will try to enter on a retracement.

THIS IS A HIGH RISK TRADE.

Price has made a red candle with huge tail. If it was a green candle I would have entered. The long positions was collected and I think they will bring it down to the 365ema to take out some stoplosses before going up again. As this is a high risk trade with nice gain possibilities if it goes to 21ema I will enter with 50% after a retracement of 50% of the candle height.

Enter at 1.5670
SL 1.5640(Just below the 364ema)
TP at 21ema.

Will go to BE when +25pips is obtained and will manage it from thereon.

Edit 1
Enter at 1.5670 after etracement.

Edit 2
1.5700was reached. Set stoploss to BE

Edit 3
Position was closed at BE

I closed my position with -1 pip, I think I should had to wait for the close of a green 4h candle next time.

It always surprises me how different the charts look with different closing times depending on the brokers time.

In the attached 4h chart is the 200 SMA blue, the black dotted line is the daily open, 8 EMA green, 21 green dotted. In the 1 hour chart the blue horizontal line shows the 4h 200 SMA. Resistance seen in the 1h TL + 200 SMA 4h + daily open and the 50% Fib arround there ...high risk. The price is testing to break the TL but does'nt. So, later in with less risk means to me waiting for a 1h candle close above resistance. That would even make it easier to have a tighter stop below the resistance level. Just my thoughts, i may be wrong...
Regards, Michael

I second that

Today was a very profitable day... and it continues!

There was a false breakout again to the 365, now still stuck to that TL and 200.
This 4h candle could close green, waiting again ...

hi guys, i took the CT as well

EURUSD 4h:

if the 4h candle stays like currently (CET datafeed) we would get 2 hamme4r candles with long tails which should theoretically push it higher (s. Phil's above)