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4 Hour Strategy (MACD)

  • #2,401
  • Mar 12, 2007 10:35pm Mar 12, 2007 10:35pm
Quoting alcastro
Fxhermit.

My bar is not closing until 214 minutes and 35 seconds (thanks to the info in your indicator). So I'll wait for it to close, and then a little more. Check the 1 hour and if everything is OK....jump in!
I am having second thoughts regarding this trade. Here is why:
1- Is counter-trend (89 MA is below now)

2- 21 & 8 MA are very close and there is a high probability that it will rebound from there and follow Phillip's path.

So I will continue to watch it...but not so ready to jump as a moment ago.
  • #2,402
  • Mar 12, 2007 10:37pm Mar 12, 2007 10:37pm
Quoting fxhermit
Here it is. Enjoy.
Thanks, FXhermit for the Indicator displaying "Remaining time". It is neat! It even knows whatTF the chart is! Very handy, now I don't have to go to school to learn substracting! I was a bit worried. School bings headache to me, I don't know why!
  • #2,403
  • Edited 11:05pm Mar 12, 2007 10:53pm | Edited 11:05pm
Anybody thinking of the 3 sisters, Phillip talked about? He said "if a MACD signal comes up in hormony with 3 sisters, go for it without second thought."
Now, the question is, those three sisters Phillip mentioned last night, are they still considered as valid for EUR at 4:00 GMT?
-Chandra
  • #2,404
  • Mar 12, 2007 10:57pm Mar 12, 2007 10:57pm
Quoting fxhermit
Here it is. Enjoy.

Hi dear Hermit,
I love your indicator. It even displays in digits the remaining time on the right side of the chart! Fantastic!!
Thanks again.
-Chandra
  • #2,405
  • Mar 12, 2007 11:01pm Mar 12, 2007 11:01pm
Quoting Chandra
Anybody thinking of the 3 sisters, Phillip talked about? He said "if a MACD signal comes up in hormony with 3 sisters, go for it without second thought."
Now, the question is, those three sisters Phillip mentioned last night, are they still considered as valid?
-Chandra
Phillip,
Can you please give us specific definition of the 3-sisters formation?
Thanks.
-Chandra
  • #2,406
  • Mar 12, 2007 11:06pm Mar 12, 2007 11:06pm
Quoting Chandra
Anybody thinking of the 3 sisters, Phillip talked about? He said "if a MACD signal comes up in hormony with 3 sisters, go for it without second thought."
Now, the question is, those three sisters Phillip mentioned last night, are they still considered as valid?
-Chandra
I am thinking this may be a 1st cousin/1st sister of a new series. Not sure if that made sense.
  • #2,407
  • Mar 12, 2007 11:06pm Mar 12, 2007 11:06pm
Quoting alcastro
I am having second thoughts regarding this trade. Here is why:
1- Is counter-trend (89 MA is below now)

2- 21 & 8 MA are very close and there is a high probability that it will rebound from there and follow Phillip's path.

So I will continue to watch it...but not so ready to jump as a moment ago.
Always good to be prepared for either scenario.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #2,408
  • Mar 12, 2007 11:12pm Mar 12, 2007 11:12pm
Quoting fxhermit
Always good to be prepared for either scenario.
I will follow Jasper Friendly Bear's advice
  • #2,409
  • Mar 12, 2007 11:29pm Mar 12, 2007 11:29pm
Anyone thinking short on this one?
Nice RT forming already over 5 bars.
Attached Image
  • #2,410
  • Mar 12, 2007 11:53pm Mar 12, 2007 11:53pm
Seems like a quiet market right now - could be the calm before the storm.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #2,411
  • Mar 13, 2007 12:01am Mar 13, 2007 12:01am
i have been waitiing for the big bear to do a home run for Eur/Usd,will it happen? it sem that it has been hovering ard for quite some time now?? any comments?
  • #2,412
  • Mar 13, 2007 12:07am Mar 13, 2007 12:07am
Quoting fxnewbie 71
i have been waitiing for the big bear to do a home run for Eur/Usd,will it happen? it sem that it has been hovering ard for quite some time now?? any comments?
hey newb,

This looks good to me on the 4hr. I'm looking at the 1hr for some kind of early signal. Nothing yet though. Time will tell..
  • #2,413
  • Mar 13, 2007 12:07am Mar 13, 2007 12:07am
Quoting Chandra
Anybody thinking of the 3 sisters, Phillip talked about? He said "if a MACD signal comes up in hormony with 3 sisters, go for it without second thought."
Now, the question is, those three sisters Phillip mentioned last night, are they still considered as valid for EUR at 4:00 GMT?
-Chandra
The three sisters happen earier this month, on the 5th of March. Its a good observation noting the time. Nice Chardra. I'll be watching.

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,414
  • Edited 12:29am Mar 13, 2007 12:11am | Edited 12:29am
Checkout the EUR/GBP. Three sisters set-up with some divergence mixed in.
Watching for that MACD signal.

Jim
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,415
  • Mar 13, 2007 12:33am Mar 13, 2007 12:33am
Here's with the MAs. Could come down to 21 ema.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #2,416
  • Mar 13, 2007 1:24am Mar 13, 2007 1:24am
I went short at 1.3173.
SL 1.3203
  • #2,417
  • Mar 13, 2007 3:36am Mar 13, 2007 3:36am
Hey turk,
where did you place your take profit?
  • #2,418
  • Mar 13, 2007 4:07am Mar 13, 2007 4:07am
I dont have a TP at the moment. But I usually lock in profit at 50 pips.
  • #2,419
  • Mar 13, 2007 5:10am Mar 13, 2007 5:10am
thanks for your response, turk!
i was stopped out at breakeven (1.3175 minus spread)
so zero dollars for me on my first trade this week
  • #2,420
  • Mar 13, 2007 5:16am Mar 13, 2007 5:16am
I was ready to short this pair, but the 1 hr MACD is showing a strong reversal to the long side (sort of a RB but more pointed than rounded). I gues I will wait a little longer.

Any thoughts?
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