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4 Hour Strategy (MACD)

  • #17,721
  • Nov 5, 2008 6:20am Nov 5, 2008 6:20am
oh i read the eurusd as hitting a trend line atm, kinda waiting to see what will happen, tho im very new to this so could be totally wrong, however i can very much see the triangle breakout on the 5min timeframe, welldone
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Grabbing the bull by the horns!
  • #17,722
  • Nov 5, 2008 6:33am Nov 5, 2008 6:33am
Quoting Laja1881
Is Anybody Noticing The Break Out On Usd/jpy?
How Far Do Think It'll Go?
I think we have to wait for a nice signal from the MACD to tell which way the triangle will be broken...
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  • #17,723
  • Nov 5, 2008 6:43am Nov 5, 2008 6:43am
Quoting bshadroo
again ,usdcad is on the same TL with a nice tail.
Now it looks like there is the downup movement Philip described in post 17670 but this time the bears are losing the battle; let's wait for the close of the candle...
  • #17,724
  • Nov 5, 2008 7:57am Nov 5, 2008 7:57am
Nice one..

How do you put the big arrow??

Quoting Reno_gr
Long EURUSD at 1.2873 with SL 1.2824
TC on 4H MACD, 5 min 21,10 ema confirmation, break of triangle on 5 min chart!

Closed 0.5 lot at 1.2966 and moved s/l to BE till 1.3034
p.s. USD is going to CHINA TOWN
  • #17,725
  • Nov 5, 2008 7:59am Nov 5, 2008 7:59am
Quoting baco75
Now it looks like there is the downup movement Philip described in post 17670 but this time the bears are losing the battle; let's wait for the close of the candle...
ok this time i could find an entry in smaller TF with a small SL for 30pips fast.
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  • #17,726
  • Edited 9:12am Nov 5, 2008 9:02am | Edited 9:12am
good TC.stoploss is big for me so i switched to lower TF to find entry
edit:80pips in first 11 minutes ,i have a chance in M5 i showed in M5 thread but i didnt bought because of news
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  • #17,727
  • Nov 5, 2008 9:54am Nov 5, 2008 9:54am
Quoting FX is cool
Nice one..

How do you put the big arrow??
Thanks, i just draw this arrow ussing simple trend lines on MT4( consists of 3 trend lines)
THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #17,728
  • Nov 5, 2008 10:00am Nov 5, 2008 10:00am
Quoting bshadroo
good TC.stoploss is big for me so i switched to lower TF to find entry
edit:80pips in first 11 minutes ,i have a chance in M5 i showed in M5 thread but i didnt bought because of news
YES! Good decision! I am trading the NEWS!!! It's gambling....
THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #17,729
  • Nov 5, 2008 12:53pm Nov 5, 2008 12:53pm
can anyone help interpreting those two spinners on USD/JPY? The MACD went below the zeroline but it may still cross again and go above...
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  • #17,730
  • Nov 5, 2008 5:04pm Nov 5, 2008 5:04pm
Quoting baco75
can anyone help interpreting those two spinners on USD/JPY? The MACD went below the zeroline but it may still cross again and go above...
that is a triangle break out on USD/JPY. as u can see, price has dropped down fast. More down move is expected,

happy pipping
  • #17,731
  • Nov 5, 2008 11:52pm Nov 5, 2008 11:52pm
Hi,everyone and philip. I found a trend in EURUSD 4H chart,the trend of the EU is going around with the 89SMA,as we can see in the chart,the trend is going around with the blue line,then the right side,that red circle, it left 131 minutes to close and it seems like going to come out a signal of doji. So,i have a question in here,what if it comes out a doji after a close bar,but it's near by the blue color line which the trend is finding the major direction,what should I do,when it's real comes out a signal.
Thank you very much!
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  • #17,732
  • Nov 6, 2008 12:54am Nov 6, 2008 12:54am
Hi, booyu.

A doji here might mean down wave sloving down, but it's unlikely to be the time to BUY yet and it's unlikely to give a bullish BOZ on MACD. If it gave a doji, then we could wait for signs of growing and BOZ.

P.S. Closer to the end of this bar it seems to be crossing inner trendline/possible resistance down. If so - I'll be also watching the variant with its possible retest and move to the lower border of the consolidation.
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  • #17,733
  • Nov 6, 2008 1:42am Nov 6, 2008 1:42am
Quoting Yorik
Hi, booyu.

A doji here might mean down wave sloving down, but it's unlikely to be the time to BUY yet and it's unlikely to give a bullish BOZ on MACD. If it gave a doji, then we could wait for signs of growing and BOZ.

P.S. Closer to the end of this bar it seems to be crossing inner trendline/possible resistance down. If so - I'll be also watching the variant with its possible retest and move to the lower border of the consolidation.
Ok,you mean we are waiting for the MACD signal which probably will come out a TC? of growing of MACD
am i correct?
  • #17,734
  • Nov 6, 2008 4:41am Nov 6, 2008 4:41am
Ideally you should be feeling/understanding where and in what direction to enter looking only at price, without MACD But if you are a beginner (like me), then it might be better to wait for MACD confirmation and keep closure to the basic rules.

Whether it'll be a TC - who knows, we will see..

P.S. What makes it even more interesting and complicated is that there're TCs which you shouldn't take. And the current situation on EU is not so clear - yesterday we had what seems to be a false break upward through resistance, average (Daily etc) trend is down, so one should be carefull..
  • #17,735
  • Nov 6, 2008 1:17pm Nov 6, 2008 1:17pm
Head, shoulders, knees to toes, knees to toes.
Put your head on my shoulder.
Looks like everyone's favorite 2 in 1 shampoo.
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  • #17,736
  • Nov 6, 2008 1:33pm Nov 6, 2008 1:33pm
Hey,
does anyone know what that gap I see on the MIG graph is?? I have been away all day and when I came back I saw that scary gap! I had never seen it before! Is it due to something that went wrong with the platform, some news that came out or what? Thank you for any interpretation....
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  • #17,737
  • Nov 6, 2008 1:35pm Nov 6, 2008 1:35pm
Quoting baco75
Hey,
does anyone know what that gap I see on the MIG graph is?? I have been away all day and when I came back I saw that scary gap! I had never seen it before! Is it due to something that went wrong with the platform, some news that came out or what? Thank you for any interpretation....
No gap on my platform.
  • #17,738
  • Nov 6, 2008 1:46pm Nov 6, 2008 1:46pm
Hi Phil,

are you ok? You haven't submitted any posts in a while. Yesterday there were quite a few TCs and triangles breakouts on GBPUSD, USDCAD, USDJPY...I think all the guys here miss you! Take care.
  • #17,739
  • Nov 6, 2008 1:51pm Nov 6, 2008 1:51pm
Quoting Hookem28
Head, shoulders, knees to toes, knees to toes.
Put your head on my shoulder.
Looks like everyone's favorite 2 in 1 shampoo.
Hookem, I passed on this trade due to the volatility of the GBP interest rate announcement this morning, and then the news out tomorrow morning, and then mix with the time of day.

Best of luck, maybe I am being too conservative.
  • #17,740
  • Nov 6, 2008 2:05pm Nov 6, 2008 2:05pm
Quoting unlv_tj
Hookem, I passed on this trade due to the volatility of the GBP interest rate announcement this morning, and then the news out tomorrow morning, and then mix with the time of day.

Best of luck, maybe I am being too conservative.
Nothing wrong with your decision. I actually entered about 56 pips above the current resistance. If it breaks out, it could run for awhile. Of course, there is a trendline and the huge wick it must overcome first. The fact that the candle closed at it's low point near the bottom of the wick suggests there is strong downward pressure. That coupled with the head and shoulders is what is keeping me in this trade. I definitely wasn't suggesting getting in the trade when I made the post. But in 6-8 hours I'd definitely be on the lookout if it hasn't broken out already.
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