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4 Hour Strategy (MACD)

  • #16,701
  • Aug 21, 2008 2:21am Aug 21, 2008 2:21am
Thanks to Philip's advice, I long eu at 1h chart with success.

The enter and sl is at chart, the mangement is all you known, after 1 lot with profit, set another BE, I set its target at 1.4860 where is near to the 55ema of 4h chart
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Plan your trades and trade your plans
  • #16,702
  • Aug 21, 2008 2:42am Aug 21, 2008 2:42am
MACD pattern EUR/USD today
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  • #16,703
  • Aug 21, 2008 5:34am Aug 21, 2008 5:34am
Quoting xeneric
Hi PhilinGood,

Welcome to the thread. Maybe you could post your charts so that we can make some comments and give you some feedback.

Thanks.
I have got problems posting the charts. I use Windows Vista, dont know, but I have some issues. As soon as I can do it I will.
  • #16,704
  • Edited 6:03am Aug 21, 2008 5:38am | Edited 6:03am
Quoting ira
Hi, welcome to the thread!
The main reason may be - different broker's time on your platform. Personally, I think that it doesn't matter much, if you follow your charts and strategy you can make pips (yes, sometimes there will be different signals, but that doesn't matter in the long run). But, we all here try to stick to the Phillip's charts for the sake of clearity, so you can download MIG and have the same charts.
Thank you too. Yeah it seems to me it works with my charts too. I have treid it already live and it works!
Now, at 12 GMT if the EURUSD stays about here, I'll go short, for example.

and, yes I have a different broker, unfortunately.

Edit

Didnt go short.
  • #16,705
  • Aug 21, 2008 7:40am Aug 21, 2008 7:40am
Quoting PhilinGood
Hi Everybody,

This is my first post and I'd like to thank Philip for all his efforts.
I have a question. My charts dont look like Philips. For example my MAs are slightly different and my candelsticks too. Does it matter? If so, how can I change it?

Philin:

What ira said....You will see signals before/after others traders because of the different broker server times. It all comes out in the wash and evens out in the end. Over time it won't even be an issue. Once you get the rhythm aspect of it all down you will totally forget about it all...
  • #16,706
  • Aug 21, 2008 8:11am Aug 21, 2008 8:11am
Hi all,

This is my first post on this forum, so please be gentle with me .I just wanted to say thanks to Phillip for a wonderful method.

Ok, here's my first contribution, please excuse me if the ma's are different colours as I have still to set them up as people use them on this thread.

GBPUSD: nice pin off the 21 ema, MACD crossed zero and sloping up, upward pressure on the last 8 candles.

The purple lines are Price Pivot Zones that I have borrowed from the James16 thread
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If it's too good to be true, it probably is.
  • #16,707
  • Aug 21, 2008 8:11am Aug 21, 2008 8:11am
Quoting Palmer
Philin:

What ira said....You will see signals before/after others traders because of the different broker server times. It all comes out in the wash and evens out in the end. Over time it won't even be an issue. Once you get the rhythm aspect of it all down you will totally forget about it all...

Thank you very much. Thats great to hear. The rhythm part is also the most difficult to master.
  • #16,708
  • Aug 21, 2008 8:17am Aug 21, 2008 8:17am
Phillin, and others:

There are some charts to print out (see my signature) on the website that help out for practice. It's also a good idea to have the trendlines and price channels drawn on the chart too...

gotta run out for a while...
  • #16,709
  • Aug 21, 2008 9:02am Aug 21, 2008 9:02am
my h1 trade today :
and... if neckline broken we could have a good chance to go long there.
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  • #16,710
  • Aug 21, 2008 9:10am Aug 21, 2008 9:10am
Hmmm...ok, crude has jumped up about 7 dollars in the past few days with the EURUSD moving relatively little. There really isn't any 'nervous oil news' out there except for the fact that tropical storm Fay might re-enter the Gulf of Mexico and disrupt some of the oil platforms there. I should start getting rain tonight and for the next several days...great. Anyway, my initial thoughts may hold true because the $ hasn't mirrored the oil market here. So, this just might all be the weather factor with oil. Once the storm passes we could see another leg down with the EU with the return to the downside of oil. The whole point here (remember I'm not an eekonomyst) is the possibility of the US eekonomy settling out with the $ getting stronger. This storm is moving very slowly so crude may jump up several more dollars. If the $ doesn't move with it, that might be a significant 'non-event'....
  • #16,711
  • Aug 21, 2008 10:14am Aug 21, 2008 10:14am
Here are yesterdays trade. Still in it with both positions.
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  • #16,712
  • Aug 21, 2008 12:58pm Aug 21, 2008 12:58pm
Phillip,

Could you post your weekly chart for the EURUSD, zoomed out, so I can see where the weekly trend line is drawn.

It was part of your decision to go long, along with the tweezer bottoms, and I cannot find where this trend line should be drawn on the chart.

I have a lot to learn.

Thank you so much for your time!

T.J.
  • #16,713
  • Aug 21, 2008 1:20pm Aug 21, 2008 1:20pm
Can somebody help me find some place where I can find a summary of all these patterns like tweezer, morningstar etc...? I read it quite often here and it seems important. I have found a few but there must be more, no?
Do they have a specific summary name? Then I can look on the net for it.
  • #16,714
  • Aug 21, 2008 1:29pm Aug 21, 2008 1:29pm
Quoting unlv_tj
Phillip,

Could you post your weekly chart for the EURUSD, zoomed out, so I can see where the weekly trend line is drawn.

It was part of your decision to go long, along with the tweezer bottoms, and I cannot find where this trend line should be drawn on the chart.

I have a lot to learn.

Thank you so much for your time!

T.J.
Did you get in on the Yen?
Wonderful bearish engulfing candle off of the upper TL.
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  • #16,715
  • Aug 21, 2008 1:43pm Aug 21, 2008 1:43pm
Quoting PhilinGood
Can somebody help me find some place where I can find a summary of all these patterns like tweezer, morningstar etc...? I read it quite often here and it seems important. I have found a few but there must be more, no?
Do they have a specific summary name? Then I can look on the net for it.
Hi, PhilinGood: Try looking up "Candlestick theory." You should find lots of information. --Tony

Edit: Or possibly "Candlestick patterns."
  • #16,716
  • Aug 21, 2008 1:44pm Aug 21, 2008 1:44pm
Ah ha!

Phillip, I have found the correct weekly trend line, so you do not need to post your weekly EURUSD chart for me. Thank you for your help!

Hookem...

I am still PO'ed about missing the over all move. I correctly called it, but was taken out by the damn tail (and only by a few pips). I did not see a good re-entry on the 4 hour charts (and I was sleeping so I missed any 1 hour entries). One bar broke through the 89 MA (where I thought the move would stall) and then the next 3 bars have long tails to the bottom (warning me to stay out).

I should have taken a long entry on the last 4 hour bar, due to it being a nice Pin Bar, and it was off of a horizontal line I have drawn (where the move did finally stall). I could have scalped it for an easy 15 or 20 pips, and I chickened out. Damn.

Good trading my man!
  • #16,717
  • Aug 21, 2008 1:51pm Aug 21, 2008 1:51pm
Quoting OldDog
Hi, PhilinGood: Try looking up "Candlestick theory." You should find lots of information. --Tony

Edit: Or possibly "Candlestick patterns."
Thank you. You guys are very kind.

Candlestick patterns- could have though of it myself.
  • #16,718
  • Aug 21, 2008 2:04pm Aug 21, 2008 2:04pm
Thank you,everybody , happy that get use4 Hour Strategy (MACD)accompany with and at get divide the knowledge ,
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  • #16,719
  • Aug 21, 2008 4:23pm Aug 21, 2008 4:23pm
Imagine post #16710 never happened...

"What is post #16710?"

Exactly...
  • #16,720
  • Aug 21, 2008 5:02pm Aug 21, 2008 5:02pm
Quoting Palmer
Imagine post #16710 never happened...

"What is post #16710?"

Exactly...
I can't see post #16710
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