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4 Hour Strategy (MACD)

  • #1,941
  • Mar 6, 2007 6:33pm Mar 6, 2007 6:33pm
alcastro:

As far as the Euro$...Yup, price is at the 21 and the MACD at the zero line. A pullback from the 21 and a downturn in the MACD back to 'red' should signal a TC. I'm with FXDD and have another hour and a half before the candle closes...
Attached Image
  • #1,942
  • Mar 6, 2007 6:39pm Mar 6, 2007 6:39pm
Check on that next 4 hr candle, that may tell the tale

J
  • #1,943
  • Mar 6, 2007 6:43pm Mar 6, 2007 6:43pm
Quoting Palmer
alcastro:

As far as the Euro$...Yup, price is at the 21 and the MACD at the zero line. A pullback from the 21 and a downturn in the MACD back to 'red' should signal a TC. I'm with FXDD and have another hour and a half before the candle closes...

Yep. Lets wait for the candle. Patience is the name of the game
  • #1,944
  • Mar 6, 2007 6:59pm Mar 6, 2007 6:59pm
Hi Ajasso, I dont use an EA,just an indicator which I will attach for you.
Attached File(s)
File Type: mq4 EJ_Signal.mq4   3 KB | 1,056 downloads
  • #1,945
  • Mar 6, 2007 7:14pm Mar 6, 2007 7:14pm
Hey Oz, How is that Indicator differant than the one I got fxb_macd_ind

J
  • #1,946
  • Mar 6, 2007 7:38pm Mar 6, 2007 7:38pm
tc setting up on the E$ to the short side on the 1hr...

FXDD
  • #1,947
  • Mar 6, 2007 7:40pm Mar 6, 2007 7:40pm
Quoting irusoh
I just uploaded a corrected version. The old one was printing some debugging messages in the expert log. Get from the first post.

http://www.forexfactory.com/showthread.php?t=20349

Hi irusoh, thanks for the new macd, already use it to get 10 pips on eur$ TC on 1 hr. Thanks to you and all the most exellent traders in this forum
  • #1,948
  • Mar 6, 2007 7:44pm Mar 6, 2007 7:44pm
Looks like the GBP is also

J
  • #1,949
  • Mar 6, 2007 7:49pm Mar 6, 2007 7:49pm
Yup..I just like that 2 pip spread on the E$ vs. the 4 on the cable. Cable seems to have such wild 'mood swings' per bar. I've been told that the E$ is the most difficult to trade but Phill's method makes it a little easier..
  • #1,950
  • Mar 6, 2007 7:50pm Mar 6, 2007 7:50pm
What do you guys do when entry point is close to 8&21 EMA?
  • #1,951
  • Mar 6, 2007 7:51pm Mar 6, 2007 7:51pm
Now, Its not possible to get a signal on the next 4 hour candle on the EURO right? Don't it have to be the 2nd bar?

Jim
  • #1,952
  • Mar 6, 2007 7:52pm Mar 6, 2007 7:52pm
Quoting hard1head1
Looks like the GBP is also

J
Wow. Both Euro and Pound touches that 21 ema on the 4 hour and just drops. Could be a T. C. We'll have to wait and see.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,953
  • Mar 6, 2007 7:55pm Mar 6, 2007 7:55pm
Quoting hard1head1
Now, Its not possible to get a signal on the next 4 hour candle on the EURO right? Don't it have to be the 2nd bar?

Jim
If the current bar turns red at the close on the 4 hour of both the Euro and Pound, I'm in to go short.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,954
  • Edited 7:56pm Mar 6, 2007 7:56pm | Edited 7:56pm
As long as the signlas confirm each other on the 1hr and 4hr; MACD, etc...I'll get in. If there isn't a clear take profit or stop loss because the ma's are too close, I think that is what you are getting at, I'll see how far away the 89 is from the entry. If it's too far for a stop loss and I still want to get in, I'll just do a risk 20 to make 20 thing. Or risk 30 (at the 89ma) and keep the TP open = let the trade work itself according to the 4hr.

I'm with yoooo jaroooo
  • #1,955
  • Mar 6, 2007 8:00pm Mar 6, 2007 8:00pm
9233 is next Res. / Support on GBP
3087 is next Res. / Support on EUR

Jim
  • #1,956
  • Mar 6, 2007 8:05pm Mar 6, 2007 8:05pm
E$:

Short at 1.3123
SL about 1.3145

1st TP at the gray line....about 1.3100

Firefox is so much better than IE...
Attached Image
  • #1,957
  • Mar 6, 2007 8:16pm Mar 6, 2007 8:16pm
Quoting Palmer
E$:

Short at 1.3123
SL about 1.3145

1st TP at the gray line....about 1.3100

Firefox is so much better than IE...
1.300 Looks like it is just past the Fib. 61.8.
  • #1,958
  • Mar 6, 2007 8:31pm Mar 6, 2007 8:31pm
Quoting Palmer
As long as the signlas confirm each other on the 1hr and 4hr; MACD, etc...I'll get in. If there isn't a clear take profit or stop loss because the ma's are too close, I think that is what you are getting at, I'll see how far away the 89 is from the entry. If it's too far for a stop loss and I still want to get in, I'll just do a risk 20 to make 20 thing. Or risk 30 (at the 89ma) and keep the TP open = let the trade work itself according to the 4hr.

I'm with yoooo jaroooo

I will wait for a clearer confirmation. Even though the price in both Euro and GBP seems to be behaving as predicted. Probably will be jumping around 1 hour after the 4 hr candle close IF the trend continues short AND I have confirmation from 1 hr.
  • #1,959
  • Mar 6, 2007 9:21pm Mar 6, 2007 9:21pm
Quoting alcastro
I will wait for a clearer confirmation. Even though the price in both Euro and GBP seems to be behaving as predicted. Probably will be jumping around 1 hour after the 4 hr candle close IF the trend continues short AND I have confirmation from 1 hr.
Ditto.
Indicators show the past. Price Action "Indicates" the future.
  • #1,960
  • Mar 6, 2007 10:07pm Mar 6, 2007 10:07pm
Short eurjpy

4:30 Candle finished at 152.98 high

My stoploss was set at 153.00

Stopped out!!

WTF!!!!!!!
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