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4 Hour Strategy (MACD)

  • #16,941
  • Sep 11, 2008 9:20am Sep 11, 2008 9:20am
Quoting terunaku
The trade balance news is -ve, GU when up & then why it continues to deep ? Anybody can explain technically ?

Thanks

the reason being..you have to understand the market sentiment..
market sentiment that give market emotion as suggested by philip.
read more on fundamental.
may the pips be with you


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  • #16,942
  • Sep 11, 2008 9:57am Sep 11, 2008 9:57am
Palmer:

I trade options with a Hungarian bank. I'm working in a brokerage firm and we deal directly with banks here. But I think it could be the same price as you see in Saxotrader f.ex. Or you can check out the InteractiveBrokers. They're really good at options.
  • #16,943
  • Sep 11, 2008 11:59am Sep 11, 2008 11:59am
Quoting hard1head1
Got a retracement forming on GU 4 hr now. Looking at maybe 1.7803 and possibly 1.7959. Here is where she is if you want to say hi.

http://caps.fool.com/player/tamkras.aspx

Jim
Hi Jim and all, this is NOT me. I saw my name used elsewhere but it is only authentic on FF. Hello to Palmer!!! I will be back shortly.
  • #16,944
  • Sep 11, 2008 12:03pm Sep 11, 2008 12:03pm
Quoting tamkras
Hi Jim and all, this is NOT me. I saw my name used elsewhere but it is only authentic on FF. Hello to Palmer!!! I will be back shortly.
Glad to see you back. Looking forward to your posts.
  • #16,945
  • Sep 11, 2008 12:09pm Sep 11, 2008 12:09pm
Quoting Phillip Nel
Glad to see you back. Looking forward to your posts.
thank you, Phillip. It was like thousand years passed by...
  • #16,946
  • Sep 11, 2008 12:56pm Sep 11, 2008 12:56pm
Quoting vette1974
Hookem28, I just got out after 85 pips. I just wanted to lock in my profit especially with this Hurricane.

Palmer,
This thing turned right at the last minute it is pretty much a lost cause now. That is why I have insurance. I am taking my boat and leaving.

Good luck in trading the rest of this week and watch out for speculation in oil there are a lot of platforms where "Ike" is.
You in Texas too? I'm hoping Austin doesn't get hit too hard.
Congrats on the trade. I got out +100. Seemed like a nice round number. Nice day for us Yen traders too. Congrats to everyone that jumped aboard.
  • #16,947
  • Sep 11, 2008 12:57pm Sep 11, 2008 12:57pm
Hey guys , nice to see the thread alive and active. Not trading these days due to some other work. But watching the market and going through the thread.
Just saw Tamkras post. Learned a lot from you. Looking forward to your posts again.
Palmer reading your posts everyday to keep my mind fresh.
Phillip i still thank you everyday i open my Platform.
Anyone in way of IKE stay safe. Luckily it missed south florida.
OK wont take too much space. Hopefully will be back to trading really soon.
Wishing you all many many pips.
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #16,948
  • Sep 11, 2008 3:33pm Sep 11, 2008 3:33pm
i think it was a good chance to go long after sHs in MACD and very near to the monthly TL
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  • #16,949
  • Sep 11, 2008 8:07pm Sep 11, 2008 8:07pm
Hey tam! Hope to see you back here soon, miss you too Nadia. We need pips4uandme to chime in here too. Phillip, hope all is going well and wishing everyone the best of luck and with the Hurricane. Thanks for the info Gabor.

bsh: i don't even think looked at the monthly lately..thanks for reminding us to check out the longer term aspect of things. When a market is trending like this it's imperative to look at the larger picture to find the longer term s/r areas...

Working on getting the hourly stuff on the website, no really. Pending Phillip's okee dokee on the additional ingredients for this huge bowl of soup we call trading...

Cheers and beers!
  • #16,950
  • Sep 11, 2008 9:09pm Sep 11, 2008 9:09pm
Working on getting the hourly stuff on the website, no really. Pending Phillip's okee dokee on the additional ingredients for this huge bowl of soup we call trading...

Palmer: Can't wait

Bshadroo: Looks like you called it...again

Raymond
  • #16,951
  • Sep 12, 2008 3:06am Sep 12, 2008 3:06am
Quoting pubber
USDCHF. Firstly sorry at the moment I'm unable to post charts as at work....

I'm short on USDCHF 1.1380. 4HR MACD producing an RT at the close of the 8amGMT candle. I know this may be a bit premature but with the 38.20% fib line (1.2487 high - 96.25 low) at 1.4 this should act as some pretty good resistance. 4hr also has divergence with a lower high on MACD and higher high on price.
The 1 hr seems to be in a TC also......

SL 1.1425, 1st TP 1.306, 2nd TP around 1.1226 (will review)

GL, B
Closed out this position for +20 pips as not liking it. Too many buyers waiting around the 1.1350 zone.

Did catch 100 pips last night on the EURUSD long from 1.3940 - 1.4040. I posted charts at 7pmGMT time but the post didn't appear???
Very nice RB below -45 on MACD and alot of room to move back to the 20 sma.

A big thanks to you all for this great thread. I am taking on board your strat Phillip to see how it goes. You will see me alot from here on in posted my trades and results (Fingers crossed good ones!!)

GL all

B
  • #16,952
  • Sep 12, 2008 6:01am Sep 12, 2008 6:01am
Hi!

I just wanted to show you the swissy long term chart because we're very close to some interesting levels. Be careful with longs.
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  • #16,953
  • Sep 12, 2008 7:41am Sep 12, 2008 7:41am
There's the move back to the 21. Going to be very cautious here with Hurricane Ike and the oil markets with the influence on the $. Refineries are getting shut down which may weaken the $ and boost the EU which is very oversold. Looking for an increase in volatility...
Attached Image
  • #16,954
  • Sep 12, 2008 2:40pm Sep 12, 2008 2:40pm
Quoting Palmer
There's the move back to the 21. Going to be very cautious here with Hurricane Ike and the oil markets with the influence on the $. Refineries are getting shut down which may weaken the $ and boost the EU which is very oversold. Looking for an increase in volatility...
I hope you traded this one Palmer!! If a EURUSD or GBPUSD is trending all the way into London close it seems to continue a 30-40 pips for the remainder of the night (7GMT-9GMT).
GL
B
  • #16,955
  • Sep 12, 2008 4:46pm Sep 12, 2008 4:46pm
Hello everybody, experts, newbies, pro traders...

I almost blew my account during this week, I should really remember this week, coz my I-thought-it-was-great strategy failed unbelievably.

I just would love some one to me how is this MACD strategy doing this week.
(I know that there is no 100% working system, just curious)

Thanks All!
  • #16,956
  • Sep 13, 2008 3:35am Sep 13, 2008 3:35am
RISKING ONLY 2% to 3% OF YOUR CAPITAL IS THE KEY TO SUCCESS ON ANY STRATEGY OR YOU WILL DEFINITELY RUN OUT OF MONEY AND IT IS NOT THE STRATEGY THAT IS TAKING YOUR MONEY BUT BAD RISK MANAGEMENT.
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  • #16,957
  • Sep 13, 2008 4:32am Sep 13, 2008 4:32am
Info
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  • #16,958
  • Edited 5:55am Sep 13, 2008 4:55am | Edited 5:55am
As we have discussed in the thread that Gaps tend to be filled relatively shortly after it occur(1 to 5 candles) it can be usefull to trade especially when there is a strong trend present. During strong moves there tend to be gaps up and down. In the latest downmove there were 3 in the EurUsd and 150pips could have been made by only making the gap width the profit target but as we can see there was more pips to be made.
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  • #16,959
  • Sep 13, 2008 5:19am Sep 13, 2008 5:19am
Quoting Phillip Nel
RISKING ONLY 2% to 3% OF YOUR CAPITAL IS THE KEY TO SUCCESS ON ANY STRATEGY OR YOU WILL DEFINITELY RUN OUT OF MONEY AND IT IS NOT THE STRATEGY THAT IS TAKING YOUR MONEY BUT BAD RISK MANAGEMENT.
You know, before point 6. I know GU will go up definitely, it has been more and more flat, and divergency. I open my eye all the time to observe whether there is some long signal to enter, but it faced big trend line and I am hesitate, then it started its trend, I also don't dare to enter 5min, because I think it may resistant by the trend line, thus I let the big trend go with my open eyes.
Plan your trades and trade your plans
  • #16,960
  • Sep 13, 2008 5:21am Sep 13, 2008 5:21am
Quoting Beijing
Hello everybody, experts, newbies, pro traders...

I almost blew my account during this week, I should really remember this week, coz my I-thought-it-was-great strategy failed unbelievably.

I just would love some one to me how is this MACD strategy doing this week.
(I know that there is no 100% working system, just curious)

Thanks All!
I really think to a very large extent you have not studied this wonderfully great strategy yet. I had the same issues at first but after reassessing my risk management perspective and the heart of the system as well as the 13 lessons i have never regretted the effort. This system is almost near flawless and outstandingly great if you follow the rules.
Please in your own interest study the system well before reaching this conclusion.
Thanks a lot Phillip for this great system. Please may i know your assessment in terms of projection for next week as
"Forex is like a bitch every trader must marry one"
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