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4 Hour Strategy (MACD)

  • #17,341
  • Oct 7, 2008 8:38am Oct 7, 2008 8:38am
Quoting Nigel
I'm looking out for this area. Trend line + Fib. We might have a possible TC.

If MACd shows a TC, that will be a high probability trade imo.
Take a look at the 1Hr Chart on gbpusd. Might be able to trade the round top off the trend line.
  • #17,342
  • Oct 7, 2008 8:49am Oct 7, 2008 8:49am
Quoting Nigel
Take a look at the 1Hr Chart on gbpusd. Might be able to trade the round top off the trend line.
Im also watching this. Its also at the 1 hour 89 ema and a possible TC pattern on the 4 hour. Im looking to short again using the ADX crossover as entry.
  • #17,343
  • Oct 7, 2008 8:53am Oct 7, 2008 8:53am
Quoting Palmer
I'm still curious about the MACD repainting...Has anyone else seen that? It does repaint during the bar if the value is around -1,0, and +1 but that's the only time it should repaint. I'm using v102..
THANKS I WILL WATCH MORE AT THESE LEVELS. AND CAN YOU PLS POST YOUR V102? THANKS
  • #17,344
  • Oct 7, 2008 8:58am Oct 7, 2008 8:58am
Quoting Palmer
I'm still curious about the MACD repainting...Has anyone else seen that? It does repaint during the bar if the value is around -1,0, and +1 but that's the only time it should repaint. I'm using v102..
THANKS I WILL WATCH MORE AT THESE LEVELS. AND CAN YOU PLS POST YOUR V102? THANKS
  • #17,345
  • Oct 7, 2008 8:59am Oct 7, 2008 8:59am
hef..

I'm at a different PC right now but you can download it from the website under the tools link..

Just a quick word...The cable is threatening to close above the 21, at least on my charts it is, and the EU is still trying to tick up as well...

Back later...
  • #17,346
  • Edited 9:32am Oct 7, 2008 9:19am | Edited 9:32am
Quoting Palmer
hef..

I'm at a different PC right now but you can download it from the website under the tools link..

Just a quick word...The cable is threatening to close above the 21, at least on my charts it is, and the EU is still trying to tick up as well...

Back later...
Thanks. The GBPUSD bounced the 89SMA. i think it is coming to the 21EMA (i will short it here TP=21EMA) and possibly a TC or what do you think?
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  • #17,347
  • Oct 7, 2008 9:36am Oct 7, 2008 9:36am
Quoting ekling
Congratulations! That is VERY impressive. I have a question though. How much did you risk on each trade?
i started with 0.1lot then 0.3 and presently 0.5. the steep increase shown was due to the very profitable trade taken on USDCAD. I BANKED 292PIPS using 0.5lots. thanks
  • #17,348
  • Oct 7, 2008 9:59am Oct 7, 2008 9:59am
Quoting hefhem911
Thanks. The GBPUSD bounced the 89SMA. i think it is coming to the 21EMA (i will short it here TP=21EMA) and possibly a TC or what do you think?
I took the bounce on the 89SMA on GBPUSD as stated (when price touched the 89SMA, it always come back to the 21EMA). the result.......







and please how do i show my blog below my posts? thanks
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  • #17,349
  • Oct 7, 2008 10:06am Oct 7, 2008 10:06am
Quoting Nigel
I'm looking out for this area. Trend line + Fib. We might have a possible TC.

If MACd shows a TC, that will be a high probability trade imo.
my DEMO H1 trade ,SL was too big to me for real trade and Mr.Bernanke
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  • #17,350
  • Oct 7, 2008 10:13am Oct 7, 2008 10:13am
Quoting bshadroo
my DEMO H1 trade ,SL was too big to me for real trade
waiting for the FED @ 6:15 GMT+2. 2mins away.
  • #17,351
  • Oct 7, 2008 10:50am Oct 7, 2008 10:50am
Decision time...1hr

The cable made a quick move down and like bshadroo said, big SL so a limit entry for a retrace might be the call. Euro is heading that way and the Swissie is moving back up a little slower..we'll see..
  • #17,352
  • Oct 7, 2008 1:49pm Oct 7, 2008 1:49pm
Hi guys.

this is my last deal with approx.60 gain and 90 stoploss. actually RR=1-approx.0.80. reward is not as in the ideal. but I loved the motion and engulfing bear signal candle on 4h graph and the last engulfing bear candle on 1h graph.

It also turned down from the upper trend line with a tail. You can think that only one tail is nothing to thrust. but the whole situation seemed me OK. unfortunately it hasn't reached beyond a 20 pips gain although it ripples in a weird manner.

I am looking forward to your aspects of wiev. sincerely
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  • #17,353
  • Oct 7, 2008 2:16pm Oct 7, 2008 2:16pm
Serkan...

Looks like you should have gained +20 right about...now. The only drawback is the time of day right now and the r:r. Things can be really slow but you never know. Set-up looks good though.
  • #17,354
  • Oct 7, 2008 4:14pm Oct 7, 2008 4:14pm
Looking to short the EU on the break of 1 hour support....
  • #17,355
  • Oct 7, 2008 6:58pm Oct 7, 2008 6:58pm
The GBPUSD is forming a triangle that you can see really well on the 1 hr.
  • #17,356
  • Oct 7, 2008 7:05pm Oct 7, 2008 7:05pm
Quoting vette1974
The GBPUSD is forming a triangle that you can see really well on the 1 hr.
Also the EU on the 1 hour I think
  • #17,357
  • Oct 7, 2008 10:44pm Oct 7, 2008 10:44pm
It has reached the target but very late.

Quoting Serkan
Hi guys.

this is my last deal with approx.60 gain and 90 stoploss. actually RR=1-approx.0.80. reward is not as in the ideal. but I loved the motion and engulfing bear signal candle on 4h graph and the last engulfing bear candle on 1h graph.

It also turned down from the upper trend line with a tail. You can think that only one tail is nothing to thrust. but the whole situation seemed me OK. unfortunately it hasn't reached beyond a 20 pips gain although it ripples in a weird manner.

I am looking forward to your aspects of wiev. sincerely
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  • #17,358
  • Edited Oct 8, 2008 12:29am Oct 7, 2008 11:13pm | Edited Oct 8, 2008 12:29am
Both EU and GU formed bearish TCs at the close of 4-8:00 bar.

I took EU at 1.3573..71. Divided SL into 2 parts - 1) 1.3602 (31 pips) and 2) 1.3628 (57 pips), average 44 pips. TPs: 1) 1.3553 (21 pips, already hit) and 2) 1.3485 (85 pips); av. TP 51 pips, R:R>1.
At the moment moved SL of the part left to -21 pips. Think to trail it over the trendline on 5min.
Edit: 2nd part closed at -21. Total result: 0 pips.

TC on GU was also quite nice. Besides moving from EMA21 it might make a continuation of the downmove after the retest of the trendline, broken on Mon. 06\10\08, but SL had to be too big (even divided into 2 parts).
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  • #17,359
  • Oct 8, 2008 12:11am Oct 8, 2008 12:11am
Quoting Yorik
Both EU and GU formed bearish TCs at the close of 4-8:00 bar.

I took EU at 1.3573..71. Divided SL into 2 parts - 1) 1.3602 (31 pips) and 2) 1.3628 (57 pips), average 44 pips. TPs: 1) 1.3553 (21 pips, already hit) and 2) 1.3485 (85 pips); av. TP 51 pips, R:R>1.
At the moment moved SL of the part left to -21 pips. Think to trail it over the trendline on 5min.

TC on GU was also quite nice. Besides moving from EMA21 it might make a continuation of the downmove after the retest of the trendline, broken on Mon. 06\10\08, but SL had to be too big (even divided into 2 parts).
I went for both TC's with lower than normal lots as something didn't feel right. good job they were lower as both were stopped Not sure if I missed something but my trades felt rushed.
  • #17,360
  • Oct 8, 2008 1:30am Oct 8, 2008 1:30am
Please i need help from any one out there, the 15,30, 45 Level for the macd doesnt seem to correspond with the rules of the strategy this days, has there been any changes so far? i guess the increase in the volume of trades this days has caused the levels to look infinitesimal on the macd, and also Philip says he doesn't use a stoploss higher than 50, has there been any new recommended changes so far?
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