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4 Hour Strategy (MACD)

  • #18,481
  • Jan 15, 2009 8:16am Jan 15, 2009 8:16am
palmer did they provide a reason? for closing all us accounts?

Quoting Palmer
Not sure why things are ranging either way. Maybe the run down is just taking a breather here for a while. The ECB is meeting today too..I think.

I just got the email that ODL is closing all of its US accounts so I have to apply to another brokerage....great.
  • #18,482
  • Jan 15, 2009 9:41am Jan 15, 2009 9:41am
Quoting scottyd14
palmer did they provide a reason? for closing all us accounts?

Nope...no reason but I'm thinking it's got something to do with the current US economy and new restrictions on just about everything. My guess is that they'll offer accounts at some point later but with a minimum of 50K or something. Not there...yet
  • #18,483
  • Jan 15, 2009 10:17pm Jan 15, 2009 10:17pm
I will see the market this way....

4 HOUR CHART

So far, there were 3 strong Counter Trend (plotted in red circles). I will see the market rhythm between trend line #1 and the blue line that below the price as my extra guide.

Trend line #2 is a little bit strong support for the price now (I did mention this in my previous post). But if the price break below it, I see the next support will be trend line #3. Everybody know how important is this level.


DAILY CHART

Simply put, I took the point where the price start picking up from Dec 2 2008 until it stopped at Dec 18 2008 (this is where I start with my retracement level @ 0.00%).

Fib level :- the price already went below 61.8%. It has potential to go full retracement (100%).

But look at the tails in red circle last two days. May get some clue here as well. More price action next week as Obama will take over his seat in White House soon.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,484
  • Jan 16, 2009 1:41am Jan 16, 2009 1:41am
Nice formation with candles(mornig star with bullish engulfing) and bounce from 78.6% FIBO+Rounding MACD on the Daily!
I prepare myself for LONGS on EURUSD!
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THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #18,485
  • Edited 7:47am Jan 16, 2009 7:40am | Edited 7:47am
THE PRICE IS CURRENTLY MOVING BACK TO 8EMA...!!!

I will make my SHORT entry here after the last candle close and confirming the pattern of 3 INSIDE DOWN (SEE red box). Just see sting-tail of the second candle in that red box. Also to be confirmed with Fast EMA (green line) crossing below Slow EMA (red line) in MACD window.

Just to get a few pips as I am really aware of trend line (h4 chart) below the price is recently make a very strong support level for the price in these few days.

Last but not least...will have to confirm it again with at h4 for final decision.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT

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  • #18,486
  • Jan 16, 2009 9:22am Jan 16, 2009 9:22am
Quoting orangeRANGE
THE PRICE IS CURRENTLY MOVING BACK TO 8EMA...!!!

I will make my SHORT entry here after the last candle close and confirming the pattern of 3 INSIDE DOWN (SEE red box). Just see sting-tail of the second candle in that red box. Also to be confirmed with Fast EMA (green line) crossing below Slow EMA (red line) in MACD window.

[color=black]Just...
you see the shooting star,it tested the TL and price is still moving downwards.To start thinking about a short entry ,price has to break this strong support level with the 89 and fib level on the way
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  • #18,487
  • Jan 16, 2009 11:18am Jan 16, 2009 11:18am
this is the reason why I dont believe to any fundamental analysis anymore
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  • #18,488
  • Jan 17, 2009 3:27am Jan 17, 2009 3:27am
Quoting bshadroo
sold on early H1 entry ,will close first lot for 25 pips and use it for the second lot's SL
watching it in smaller TF closely
stopped out : -20 and -35 = -55

Beautiful day for everybody,
Looks interesting,but I do not have more information unfortunately from him.
Who knows it possibly let it be kind let him share it with us!

Sorry.for my bad english.

Sincerely,gremy
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  • #18,489
  • Jan 17, 2009 7:30am Jan 17, 2009 7:30am
Hey guys, I remember someone posted a script or program that runs a chart in the strategy tester. You can place orders as the chart forms to practice. Using the scripts. Does anyone have it. I used it for a while and it was really good but I changed computers and can't find it now. Please post it if you have it.tks
The more obstacles I overcome the better man I become.
  • #18,490
  • Jan 17, 2009 7:35am Jan 17, 2009 7:35am
Quoting sevejose
Hey guys, I remember someone posted a script or program that runs a chart in the strategy tester. You can place orders as the chart forms to practice. Using the scripts. Does anyone have it. I used it for a while and it was really good but I changed computers and can't find it now. Please post it if you have it.tks
I think this is it:

Vhandstrade
http://articles.mql4.com/301
  • #18,491
  • Jan 17, 2009 11:14pm Jan 17, 2009 11:14pm
Quoting doblece
I think this is it:

Vhandstrade
http://articles.mql4.com/301
Thanks Doblece this is not the one I was looking for but this one is much better. tks
The more obstacles I overcome the better man I become.
  • #18,492
  • Jan 18, 2009 4:08am Jan 18, 2009 4:08am
Quoting Pipmaniac
you see the shooting star,it tested the TL and price is still moving downwards.To start thinking about a short entry ,price has to break this strong support level with the 89 and fib level on the way
I saw that...too
  • #18,493
  • Jan 18, 2009 9:05pm Jan 18, 2009 9:05pm
Hello everyone,

I had a quick question. I was wondering how do some of you guys write and draw arrow and circles on your diagrams. I know the text box but I see you your charts, you draw free hand and I don't know how to do that on metatrader? Any suggestions

thanks
Keeping Life Simple
  • #18,494
  • Jan 18, 2009 9:15pm Jan 18, 2009 9:15pm
Quoting time1300
Hello everyone,

I had a quick question. I was wondering how do some of you guys write and draw arrow and circles on your diagrams. I know the text box but I see you your charts, you draw free hand and I don't know how to do that on metatrader? Any suggestions

thanks
Usually I capture my screen and I edit 'em with photoshop.
  • #18,495
  • Jan 18, 2009 9:30pm Jan 18, 2009 9:30pm
Quoting time1300
Hello everyone,

I had a quick question. I was wondering how do some of you guys write and draw arrow and circles on your diagrams. I know the text box but I see you your charts, you draw free hand and I don't know how to do that on metatrader? Any suggestions

thanks
Printscreen then paste it on powerpoint. There you go. You can write/draw anything in your chart afterward.
  • #18,496
  • Jan 18, 2009 9:45pm Jan 18, 2009 9:45pm
thank you so much guys,
Keeping Life Simple
  • #18,497
  • Edited 5:23am Jan 19, 2009 5:14am | Edited 5:23am
Guys...do not missed this trade. Down trend is in control...!!!

This is a very...very good SHORT signal. Look at the MACD crossing below Zero line in both h4 & h1 charts.

p/s-i forgot to draw the trend line @ h4 (support) which is currently is being tested by the price. BREAKOUT POINT possiblity....!!!!

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,498
  • Jan 19, 2009 6:01am Jan 19, 2009 6:01am
usdcad TC:
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  • #18,499
  • Edited 9:38am Jan 19, 2009 7:13am | Edited 9:38am
Quoting bshadroo
usdcad TC:
following my trade with M5 system .now its +130pips
edit:out +120 pips
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  • #18,500
  • Jan 19, 2009 9:05am Jan 19, 2009 9:05am
Quoting Palmer
Nope...no reason but I'm thinking it's got something to do with the current US economy and new restrictions on just about everything. My guess is that they'll offer accounts at some point later but with a minimum of 50K or something. Not there...yet
Are you referring to ACM USA?
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