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4 Hour Strategy (MACD)

  • #18,101
  • Dec 4, 2008 3:32pm Dec 4, 2008 3:32pm
Quoting vette1974
big-pipin,
Did you load the indicator and restart metatrader?
oh, metatrader?...no i dont have it. ha no wonder it didnt work..ok hold on. Its free too right?
  • #18,102
  • Dec 4, 2008 4:02pm Dec 4, 2008 4:02pm
Quoting big_pipin
oh, metatrader?...no i dont have it. ha no wonder it didnt work..ok hold on. Its free too right?
Hi big_pipin,

Yeah Metatrader is free. You can download from most broker sites. If you are after same candle closes as Phillip and many others so that you can follow the same charts, Mig Investments (http://www.migfx.ch) are on that time zone. There will be other brokers on the same time zone as well of course - these just happen to be the guys I'm demoing with at moment
  • #18,103
  • Dec 4, 2008 8:42pm Dec 4, 2008 8:42pm
Any idea which particular news brought on this spike?
Attached Image (click to enlarge)
Click to Enlarge Name: 081205 EURUSD.jpg Size: 201 KB
  • #18,104
  • Dec 5, 2008 12:05am Dec 5, 2008 12:05am
next monday .
maybe have a jump .
Attached Image (click to enlarge)
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  • #18,105
  • Dec 5, 2008 12:53am Dec 5, 2008 12:53am
Quoting xeneric
Since no-one is translating the MP3s into written form these days, I hope that Phil won't mind if I make a summary of what he said about his new website.

Here is a written summary of the MP3 for those who have trouble listening to the MP3 .......
just like find water in desert, thank you!
Plan your trades and trade your plans
  • #18,106
  • Dec 5, 2008 1:17am Dec 5, 2008 1:17am
MAD i think expectation of ugly NFP together with triangle formation made this spike on eurusd.So i would be cautious on NFP data,anything below 200 could bring another eurusd down spike before any big correction to 1.3.Bad NFP is already priced in.
  • #18,107
  • Dec 5, 2008 2:05am Dec 5, 2008 2:05am
Quoting big_pipin
here is what happens when i put macd to the required settings, on gft. It doesnt look like everyone elses, but rather all screwed up. eu on the 4hr.

Settings MACD on GFT FX DealBook 360

First period = 5
Second period = 13
Signal period = 100

You will have the same MACD as the Metatrader users.
  • #18,108
  • Dec 5, 2008 2:30am Dec 5, 2008 2:30am
Quoting deepdrunk
MAD i think expectation of ugly NFP together with triangle formation made this spike on eurusd.So i would be cautious on NFP data,anything below 200 could bring another eurusd down spike before any big correction to 1.3.Bad NFP is already priced in.
Possibly. Even though the market is bearish I will stay out of it tonight when the NFP is released. EU on the daily shows a nice range with consistent bounces. May break out of this tonight during the economic releases.

The 4H MACD broke out of it's triangle and is currently in the process of pulling back. MACD bar is green but the candle has 2 more hours to go before closure. It would normally be a nice TC to take but too close to the fundamentals for me.

May want to consider the news straddling strategy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 081205 EURUSD Daily.jpg Size: 139 KB
Click to Enlarge Name: 081205 EURUSD 4H.jpg Size: 166 KB
  • #18,109
  • Dec 5, 2008 2:31am Dec 5, 2008 2:31am
Quoting eTrader
Settings MACD on GFT FX DealBook 360

First period = 5
Second period = 13
Signal period = 100

You will have the same MACD as the Metatrader users.
thanks. how did you figure out the settings?
  • #18,110
  • Dec 5, 2008 3:21am Dec 5, 2008 3:21am
Quoting bshadroo
yes , there are alot of sup. res. areas here ,i'd like to trade in the red or blue circles for H4 TF ,otherwise i'm in M5 TF .
red way is clear now, i think
  • #18,111
  • Dec 5, 2008 3:34am Dec 5, 2008 3:34am
did u manage to get in? there was good support at the 200 sma...nice tails too...
  • #18,112
  • Dec 5, 2008 4:04am Dec 5, 2008 4:04am
UP - price is over SMA89 and bounced at least once up from EMA21 or SMA89; price is over EMA21;BUY , wait if pass candle 1,2 , now price on support sma200 ,89 and pull back price ema8,sma200 , 3,4 time stoploss1.2731 /1. target1.2849/2.target1.2956/3.target 1.3079
Attached Image (click to enlarge)
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{Promotion Removed}
  • #18,113
  • Dec 5, 2008 4:43am Dec 5, 2008 4:43am
I bought EURUSD in the morning on the TC from SMA200.
BUY 1.2782
SL 1.2735 (47 pips)
TP 0.5 x 1.28 (18 pips), 0.3 x 1.2840 (58 pips), 0.2 x 1.2960 (178), av.TP 62 pips;
RR>1

It missed TP1 by 2 pips, as I wasn't at my PC I didn't close it at BE then, so decided to exit now, closed position manually with -9 pips/1 lot, don't want to be in the market at NFP.
Attached Image
  • #18,114
  • Dec 5, 2008 6:53am Dec 5, 2008 6:53am
after the long 4H candle, going by market rhythm, we might have a chance to break the bottom trend again. With NFP coming out and supposing to be very weak, the dollar seems to gain when the market is down and maybe a breakout trade preparation might be in the trade. Any ideas.
Keeping Life Simple
  • #18,115
  • Dec 5, 2008 7:09am Dec 5, 2008 7:09am
Quoting Yorik
I bought EURUSD in the morning on the TC from SMA200.
BUY 1.2782
SL 1.2735 (47 pips)
TP 0.5 x 1.28 (18 pips), 0.3 x 1.2840 (58 pips), 0.2 x 1.2960 (178), av.TP 62 pips;
RR>1

It missed TP1 by 2 pips, as I wasn't at my PC I didn't close it at BE then, so decided to exit now, closed position manually with -9 pips/1 lot, don't want to be in the market at NFP.
i think it was a nice TC of thr broken TL and 200sma .should descuss more why this didnt worked out
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  • #18,116
  • Dec 5, 2008 7:13am Dec 5, 2008 7:13am
ok, got my macd and ma's up to spec, and ready to make money ... take a look at usd/jpy on the 4hr...nice bullish divergence setting up. jobs numbers will breakthis out for sure.
Attached Image (click to enlarge)
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  • #18,117
  • Dec 5, 2008 7:18am Dec 5, 2008 7:18am
to me this 4h eurusd trade was a pefect set-up, which unfortunately resulted in a loss

i see no reason why not take this trade according to the systematic
  • #18,118
  • Dec 5, 2008 7:31am Dec 5, 2008 7:31am
This TC might be quite Ok, just maybe before NFP traders' expectations may have caused some unexpected moves. After some losses on NFP before for myself I decided not to trade this news itself and to be twice careful before - so the idea was that if the 1st 1H bar after position was opened is weak (which really was - 8-9:00 bar closed black), search point to exit. In the end -9 pips is better than -47
  • #18,119
  • Dec 5, 2008 7:49am Dec 5, 2008 7:49am
Quoting time1300
after the long 4H candle, going by market rhythm, we might have a chance to break the bottom trend again. With NFP coming out and supposing to be very weak, the dollar seems to gain when the market is down and maybe a breakout trade preparation might be in the trade. Any ideas.

nfo has broken the botton trend line what do you suggest
  • #18,120
  • Dec 5, 2008 7:54am Dec 5, 2008 7:54am
Quoting kareemoladun
nfo has broken the botton trend line what do you suggest

is the 4hr macd forming zero crossing or it will turn to zero bounce pls time1300 any idea
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