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4 Hour Strategy (MACD)

  • #18,501
  • Jan 19, 2009 12:02pm Jan 19, 2009 12:02pm
Nice trade bsh...

In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....
  • #18,502
  • Jan 19, 2009 2:05pm Jan 19, 2009 2:05pm
Quoting Palmer
Nice trade bsh...

In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....
Check MIG mate, i've had no problems with them & they now have a online application.
  • #18,503
  • Edited 9:44pm Jan 19, 2009 9:41pm | Edited 9:44pm
Quoting orangeRANGE
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......
Daily Chart
Maybe we can see full retracement (100%) soon...especially if the candlestick pattern in the red box confirmed as 3 OUTSIDE DOWN

[u]4 Hour Chart
The rhythm goes on....(between the 2 lines pointed in red arrow) so far...

[b]HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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  • #18,504
  • Jan 19, 2009 9:42pm Jan 19, 2009 9:42pm
Quoting Palmer
Nice trade bsh...

In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....
helo Palmer...

I have e-mail you the link. Apply online as usual. I use that platform.
  • #18,505
  • Jan 19, 2009 10:56pm Jan 19, 2009 10:56pm
Quoting Palmer
Nice trade bsh...

In the process of changing brokers since ODL is canceling US accounts. Should be ready to go later this week.....
hi body ,i see u r changing ur broker again ,i have heared that the brokers sometimes make problems for the winning traders to dissuade them continuing with that broker ,have u ever met such a problem ?
thx
  • #18,506
  • Jan 19, 2009 11:52pm Jan 19, 2009 11:52pm
Hi all...

This article might be a useful guide for us...especially for USD and cross/yen pairs.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT


http://links.mkt1422.com/servlet/Mai...jgS1&mt=1&rt=0
  • #18,507
  • Jan 20, 2009 12:10am Jan 20, 2009 12:10am
Huge volatility in the markets. I am staying on the sidelines until market rhythm is back. there is no market rhythm right now, just lots of volatility. Those that shorted the Eur and Gbp, you are sitting on a lot of pips but it was against my trading rules as there is no clear trend and I am waiting for a clear trend to evolve. the moving averages are not parallel to each other and I like when the moving averages are in parallel to each other and in order from the small to the large or the opposite for a short.

What do you guys think?
Keeping Life Simple
  • #18,508
  • Jan 20, 2009 4:08am Jan 20, 2009 4:08am
Quoting time1300
Huge volatility in the markets. I am staying on the sidelines until market rhythm is back. there is no market rhythm right now, just lots of volatility. Those that shorted the Eur and Gbp, you are sitting on a lot of pips but it was against my trading rules as there is no clear trend and I am waiting for a clear trend to evolve. the moving averages are not parallel to each other and I like when the moving averages are in parallel to each other and in order from the small to the large or the opposite for a short.

What do you guys think?
It is up to you mate...
Each and every one of us have our personal rules. STICK TO YOUR RULES would do just fine to your money.
  • #18,509
  • Jan 20, 2009 4:14am Jan 20, 2009 4:14am
Eur/Usd has retraced back to the trend line drawn which is also sitting at the 23.6 fibo line and the RSI channel as well so many confluence of events here and Round Bottom off of established trend line and fibo line is in the works. Might see a reversal here.
Attached Image (click to enlarge)
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Keeping Life Simple
  • #18,510
  • Edited 5:05am Jan 20, 2009 5:02am | Edited 5:05am
Quoting time1300
Eur/Usd has retraced back to the trend line drawn which is also sitting at the 23.6 fibo line and the RSI channel as well so many confluence of events here and Round Bottom off of established trend line and fibo line is in the works. Might see a reversal here.
I might agree with you. Here are my reasons:

4 Hour Chart
That SPINNER candle pointed in red arrow (morning star) is the latest signal from this time frame. Have to wait the closing of the last candle before decision is made.

1 Hour Chart
My MACD window is trying to tell something too. If the Fast EMA cross above the Slow EMA, it could be COUNTER TREND signal

p/s-Anyway, I am not sure before the h4 candle is closed. Just wait and see first....

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,511
  • Jan 20, 2009 3:12pm Jan 20, 2009 3:12pm
EU has been falling pretty hard on the 4hr and that timeframe might be hard to find entries. I'm waiting for price to at least come back to the 8ema for the next probable opportunity.

If your interested in an alternative entry opportunity on the 1hr when the 4hr is riding the 8 like this, try this method if you have the time to monitor the charts:http://www.fxtradeblog.com/bladerunnerintro.html
  • #18,512
  • Jan 20, 2009 4:39pm Jan 20, 2009 4:39pm
Quoting Palmer
EU has been falling pretty hard on the 4hr and that timeframe might be hard to find entries. I'm waiting for price to at least come back to the 8ema for the next probable opportunity.

If your interested in an alternative entry opportunity on the 1hr when the 4hr is riding the 8 like this, try this method if you have the time to monitor the charts:http://www.fxtradeblog.com/bladerunnerintro.html
I agree with you totally Palmer. I mentioned the erratic volatility in the markets in my previous post and as the rules and for my own trading rules. I like to see more of a rhythm to find entry. The price on the EUR and GBP has fallen pretty hard on the 4hr as you mentioned and I am also waiting to have a clear trend or move back to the 8ema before analyzing for a possible entry. Or we might see more of a retracement since it has fallen a lot. I would watch the market and see how it is behaving before an entry.

I have a demo account where when my rules to not satisfy and I have the need to trade, I enter trades on my demo account so not only I can learn from those entries, it also allows me to trade when the market is saying to stay out as per my trading rules.
Keeping Life Simple
  • #18,513
  • Jan 20, 2009 5:47pm Jan 20, 2009 5:47pm
time:

The thing about this is, is when I see that price has moved away from the 8, this is telling me that price is moving very fast in a certain direction. I expect two things that WILL happen:

1) Price will range for a little while and the 8 will catch up to the price action before moving with the trend again.

See the light blue x's on the chart.

or

2) Price will come back to the 8 against the trend and either form

a- Tc to the 21

b- Just make it to the 8 and move with the trend again

c- Change direction altogether.

The green x's on the chart.

The last white x on the chart is where we are now so either 1) or 2) WILL happen.

Either way this is an area not to trade for me because I am waiting for price to close the gap with the 8. This will always happen at some point or another. Every trend has to take a break ( a pullback ) before doing 'something else'. So, when price is closing this gap this is where I start to monitor the 1hr. IF I HAVE THE TIME. That trend has to be understood as well. This is where the BladeRunner could help or wait for that 1hr trend to give a signal to get in per the 4hr trend.

One sticking point is if/when the 4hr price finally closes above/below the 8. This is a big deal since the 8 has been a barrier for the past N bars or so. Then you have results 2a or 2c to wait for.

I first noticed this several months ago but for some reason didn't follow up on it. Now as I look this over more I think this can be a very significant pattern based on what the charts 'say' in the past so I am definitely paying attention to this more.

I think this 'gap' represents a signal itself that basically tells me to wait for either 1) or 2) to happen and then take it from there.
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  • #18,514
  • Jan 20, 2009 8:37pm Jan 20, 2009 8:37pm
Quoting Palmer
EU has been falling pretty hard on the 4hr and that timeframe might be hard to find entries. I'm waiting for price to at least come back to the 8ema for the next probable opportunity.

If your interested in an alternative entry opportunity on the 1hr when the 4hr is riding the 8 like this, try this method if you have the time to monitor the charts:http://www.fxtradeblog.com/bladerunnerintro.html
Hi Palmer,

I've been testing and studying the bladerunner method using my h1 MACD method for quiet sometimes now. This is one of the reason I use a little different set up in my h1 MACD window. (My chart has no coloured MACD and I do not use mt4 for some good reason for myself).

Anyway, what is Rt's and Rb's about? Can someone explain to me about these shortforms? Palmer? Anyone?

Thank you.

p/s-still speculating full retracement for EU since it highest peak @ 18 Dec 2008
  • #18,515
  • Jan 20, 2009 9:33pm Jan 20, 2009 9:33pm
The last three days has formed 3 OUTSIDE DOWN pattern. See in the RED BOX. This should be strong down trend signal.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,516
  • Jan 20, 2009 10:55pm Jan 20, 2009 10:55pm
EU is currently sitting below the 8 ema and below the 1.3000 mark and below the daily trendline. My guess is that it will bounce off resistance and continue downwards.
Attached Image
  • #18,517
  • Jan 21, 2009 4:24am Jan 21, 2009 4:24am
triangle is about to breakout or pull back on 1hr eurusd
  • #18,518
  • Jan 21, 2009 5:04am Jan 21, 2009 5:04am
Quoting orangeRANGE
Hi Palmer,

I've been testing and studying the bladerunner method using my h1 MACD method for quiet sometimes now. This is one of the reason I use a little different set up in my h1 MACD window. (My chart has no coloured MACD and I do not use mt4 for some good reason for myself).

Anyway, what is Rt's and Rb's about? Can someone explain to me about these shortforms? Palmer? Anyone?

Thank you.

p/s-still speculating full retracement for EU since it highest peak @ 18 Dec 2008

oRANGE:

RT= round top
RB = round bottom

These are formations that the MACD makes. But these were counter trend trades. Initially, one of the main components of the method were these formations. But, over time Phillip recognized the fact that these were too risky and more emphasis should be put on price action around the moving averages. Personally, I'll watch the MACD but I rarely trade by it on the 4hr.
Attached Image (click to enlarge)
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  • #18,519
  • Jan 21, 2009 5:19am Jan 21, 2009 5:19am
Quoting Palmer
oRANGE:

RT= round top
RB = round bottom

These are formations that the MACD makes. But these were counter trend trades. Initially, one of the main components of the method were these formations. But, over time Phillip recognized the fact that these were too risky and more emphasis should be put on price action around the moving averages. Personally, I'll watch the MACD but I rarely trade by it on the 4hr.
Palmer : Thanks

The chart below explained a lot. Just wanna add a few here. If the price go break below 1.2800, I will consider another SHORT again using h1 entry method + candlestick pattern made in h4.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
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  • #18,520
  • Jan 21, 2009 5:29am Jan 21, 2009 5:29am
I agree with you about another short opportunity forming...
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