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4 Hour Strategy (MACD)

  • #501
  • Feb 13, 2007 5:40am Feb 13, 2007 5:40am
Quoting turk87
Long EUR.USD @ 1.2968
Way to go, Turk87!
  • #502
  • Feb 13, 2007 5:56am Feb 13, 2007 5:56am
Quoting DireXiv
I made some grea pips (48 and 36 a total of 129 if you count the multiple lot trading taechnique like phillip uses)) today on both before the big pullback. It may not have been the ideal setup, but I learned from it again, and will be able to see things develep better in the future. Thanks again for all you advice and teachings!

What in the world is the EUr/usd going to do now?!?!?!? Still looks like a big break out has to happen soon? Maybe break the 200 EMA and continue up? since now over the 89? Spinner candle is currently right under the 200
Great work, DireXiv!
  • #503
  • Feb 13, 2007 6:08am Feb 13, 2007 6:08am
Quoting DireXiv
I made some grea pips (48 and 36 a total of 129 if you count the multiple lot trading taechnique like phillip uses)) today on both before the big pullback. It may not have been the ideal setup, but I learned from it again, and will be able to see things develep better in the future. Thanks again for all you advice and teachings!

What in the world is the EUr/usd going to do now?!?!?!? Still looks like a big break out has to happen soon? Maybe break the 200 EMA and continue up? since now over the 89? Spinner candle is currently right under the 200
Would you mind sharing your view in those trades (when (what price/time) did you enter and what was your approach) please ?
if possible also attach picture.. thanks a lot.
  • #504
  • Feb 13, 2007 7:17am Feb 13, 2007 7:17am
[quote=siddharta73;215879]good move turk87 ...

btw I read a lot of times in the posts the R:R ratio ... sorry all, I tried to search on google too, but I didn't find anything about it, may someone can explain me what the R:R ratio is ?

thanks in advance !!![/quote

Sidhartha,
R:R stands for Risk-to-Reward ratio. That means it is the ratio of Stop Loss to Profit target. It should be one (1) or greater than one for a good trade.

If the profit target you calculated for a new trade you are planning to take is devided by the stop loss you are planning to give for that trade and the devidend is one or higher, then the trade is a good trade. Other wise do not take the trade because yo are risking more money to gain a smaller amount.
-Good Trading.
-Chandra
  • #505
  • Edited 7:39am Feb 13, 2007 7:28am | Edited 7:39am
I'll do it later this afternoon as I'm at work right now, and have limited time to trade and post

On another note, I'm 20 pips up further on the eur/usd as I got back in based on Phillips above/below the 89 EMA Long/short "mood" rule..

What a GREAT system!!!!

Edit: Just closed the second eur/usd trade for 24 pips.....


Quoting endy
Would you mind sharing your view in those trades (when (what price/time) did you enter and what was your approach) please ?
if possible also attach picture.. thanks a lot.
DireXiv Make it happen, no one else is going to do it for you...
  • #506
  • Feb 13, 2007 7:35am Feb 13, 2007 7:35am
I came accross quite a number of times that Phillip mention about 'Morning Star', 'Evening Star' and "Engulfing candle'. I tried to identify which one are those but still not very sure. Can anybody help me with these? Thanks in advance.
  • #507
  • Feb 13, 2007 7:40am Feb 13, 2007 7:40am
I love this little thread on this forum we have here. Everyone involved provides great feedback and insight... and now Tamkras is giving pats on the back!

Quoting tamkras
Great work, DireXiv!
Quoting tamkras
Way to go, Turk87!
DireXiv Make it happen, no one else is going to do it for you...
  • #508
  • Feb 13, 2007 7:48am Feb 13, 2007 7:48am
Quoting fnmdx
I came accross quite a number of times that Phillip mention about 'Morning Star', 'Evening Star' and "Engulfing candle'. I tried to identify which one are those but still not very sure. Can anybody help me with these? Thanks in advance.
Check out this website for formations I found it usefull
http://www.trade2win.com/traderpedia...stick_charting
  • #509
  • Feb 13, 2007 7:51am Feb 13, 2007 7:51am
Please, where are the two currencies (Euro and Cabble) heading? Can anybody give me an insight?
  • #510
  • Feb 13, 2007 7:56am Feb 13, 2007 7:56am
Quoting thunder
Check out this website for formations I found it usefull
http://www.trade2win.com/traderpedia...stick_charting
Thanks Thunder.
  • #511
  • Feb 13, 2007 7:58am Feb 13, 2007 7:58am
after the us trade balance data , it seem eu try to break 3080 ,gu leadıng to 9500 where the move actually started.
  • #512
  • Feb 13, 2007 8:22am Feb 13, 2007 8:22am
Quoting gklp
after the us trade balance data , it seem eu try to break 3080 ,gu leadıng to 9500 where the move actually started.


Thanks, does that means that the ensuing down trend has finally changed on Euor?
  • #513
  • Feb 13, 2007 8:34am Feb 13, 2007 8:34am
Quoting maarf01
Thanks, does that means that the ensuing down trend has finally changed on Euor?
As Philip mentioned, EURUSD at the moment kinda sux, as now it is 6 weeks since it is in roughly 150 pips range (see 4h charts since 2nd january week). Also 89SMA is almost flat now, so let's hope the range brakes soon.
  • #514
  • Feb 13, 2007 8:35am Feb 13, 2007 8:35am
Hello Phil
Interesting system. But have you tried using divergence for this method? I wonder how that would work

kevin
  • #515
  • Feb 13, 2007 9:00am Feb 13, 2007 9:00am
Quoting turk87
Wouldnt you consider going long, EUR/USD??
There seems to be a smooth bottom.

Sorry. I ment the price movement overall not smooth. The MACD gave nice round bottom. 89SMA was the barrier. I knew the Gbp is in a downtrend and was looking for the EurUsd to follow. The 4 hour candle before I went to work this morning was not closed yet. At 8:00 GMT the candle closed and a perfect round bottom was formed. Waiting for it to crass the 89SMA with about 5-10 pips was the entry signal. The round bottom was so perfect that you could have entered after the candle close.
  • #516
  • Feb 13, 2007 9:01am Feb 13, 2007 9:01am
Quoting DireXiv
I love this little thread on this forum we have here. Everyone involved provides great feedback and insight... and now Tamkras is giving pats on the back!
I was indeed happy seeing success of this system, even this time I lost by a pip! I am glad I did not turn my small win into a great loser.

GPS - Great Pipastic System.
  • #517
  • Feb 13, 2007 9:05am Feb 13, 2007 9:05am
Quoting turk87
Long EUR.USD @ 1.2968
Remember that the MA's are only barriers. If there was a trend continuation it would have been at or close to the 89SMA. You took the long at exactly the perfect place after a perfect round bottom. I would took it above the 89SMA.
  • #518
  • Feb 13, 2007 9:31am Feb 13, 2007 9:31am
could we consider this candle on Gbp/usd as A bullish harami
which come in the end of down trend
>>>>>>>>> or am I just hoping it goes up
If you count on hope in any trade ……. Get out of it
  • #519
  • Feb 13, 2007 9:33am Feb 13, 2007 9:33am
Quoting gklp
after the us trade balance data , it seem eu try to break 3080 ,gu leadıng to 9500 where the move actually started.
Hi glkp, please, see Phillip's post on fundamentals vs. technicals

http://www.forexfactory.com/showthre...tal#post204871
  • #520
  • Feb 13, 2007 9:41am Feb 13, 2007 9:41am
Quoting Phillip Nel
Remember that the MA's are only barriers. If there was a trend continuation it would have been at or close to the 89SMA. You took the long at exactly the perfect place after a perfect round bottom. I would took it above the 89SMA.
Hi Phil and Turk, could you post your charts on the EUR/USD so I can see this "perfect" round bottom? Below is my chart and while the the MACD started forming a "perfect" round bottom on the left side, but then price took off on me on the right side so that by the time my "signal" candle closed...most of the move was already over.

Also, could you analyze why you thought Long on this pair? When I was looking at it, I saw price close below the 89SMA so I was thinking to Short this pair. I was waiting for a retrace and test of the 89, or 21 ma's. But then I saw 4 candles go up and "test" the 89SMA but never penetrate it so I was also thinking short.

Thanks! Good system, just need more practice with it!
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