4 Hour Strategy (MACD)

That was not bad according to MACD. It was against top resistance as well. If it breaks out you might get a chance there.

Info

The price has shot up significantly past the 89sma on the eur/usd. It also gave a beautiful TC but I was hesitant to enter as it was very close to the 89sma as there was a chance for it to turn around. But it has shot way past it and closing in on the 200sma. Now as per the rules states, once price crosses the 89, it tends to retraced back to the 21 or the 89. So did anyone trade the breakout or is anyone planning to trade the move back to the 89.

after eu breakout ,now usdchf is breaking down ,i took a quick 15pips in M5 system and looking for a pullback

EurUsd target has been reached.
+250pips

I took profit too early.

This is how I managed my stoploss in this upmove. 200Sma as the potential profit target. Closed out at 1.2887.

Edit
Forget about the sell signal. It is on another shortterm strategy.

Nice TRADE Phil!!

great trade, I saw that beautiful TC signal there and also on the 1H, the breakout and pullback formation but the 89sma was too close and I decided to stay out. I have a question about a possible trade as per the rules. since the price has crossed the 89, the rules tend to state that it comes back to the 21 and back away from the 21 if in a trend, otherwise back to the 89. The price has gone up pretty significantly and the 1H MACD has given a double top with a shooting star, and also the 4H seems to be making a nice round top. My question is, would you wait for the 4H MACD to give the signal or do you enter on the 1H in order not to miss the move down.

Thank you

Short on EU

Great trade! Phillip!!
1200 pages, keep going~~~

1h come back sma89,sma200 and 4h come back ema 21,sma89

http://www.esnips.com/web/FOREXANDIN...csPage=2#files

to nel

i found these book in esnips . i wish u have time to read "Timing the Market - How to Profit in the Stock Market Using the Yield Curve'

and the John Crane - Advanced Swing Trading .

every body happy pipping.

Hi mr.krai, i am sure your intention is to give a contribution to this thread but your charts look so messy and colorful that I doubt anyone understands what you are trying to communicate to the other members. I think we all appreciate your effort but please spare us some headakes! Thank you!!

stop loss 1.3085 target 1.2905 or sma200

The eur/usd seems to be making a double top MACD, after a huge run up against the dollar. As per the rules, is that after price crosses 89sma, price tends to retrace back to 21ema or all the way back to 89sma. It hasn’t really done that. It did retrace back the 8ema and took off again and that is where I looked for entry again as price action tends to come down before going in the same direction if start of a new trend.
So I looked in the 1H to see what price action is doing. Price went up close to today’s high but just short of it turned around with the MACD giving a possible double top as well. That is where I entered as I saw the MACD signal and the candle formation as the indicated on the chart. My reason for entry before the 4H candle closed is because I didn’t not want to miss the move in this volatile market thus I went to confirm my entry on the 1H.

Stop lost just above today’s high
1st profit target @ 21ema
2nd Profit target @ 38.2 Fibo

Hello folks,

Why I can't see my macd level?
I would like to know if someone can help me with this.

Regards,

PiPaDoR.

You need macd decimal because of your broker (it has extra digit), you can find it here
http://www.fxtradeblog.com/tools.html#indicators

Hey everyone....

Sorry I have been 'absent' for the the last several days. My girlfriend's brother passed away several days ago and things have been kind of 'busy' if you know what I mean. For those that celebrate Thanksgiving have a happy one and please drive carefully if you will be traveling.

See everyone next week.

Peace