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4 Hour Strategy (MACD)

  • #2,921
  • Mar 21, 2007 3:50am Mar 21, 2007 3:50am
From James16 thread:

http://www.forexfactory.com/showthread.php?t=6721

I have been very successful with pin bar trades as a candle pattern confirmation.

Quoting pips4uandme
What's a pin bar? Answer is very much appreciated!
Edit: up 12 usd/jpy TC
DireXiv Make it happen, no one else is going to do it for you...
  • #2,922
  • Mar 21, 2007 4:05am Mar 21, 2007 4:05am
Quoting jarroo
Pips, you have to read the James 16 thread on price action. Its a must read. He talks about pin bars, inside bars, outside bars, double tops and lower close, etc. great stuff. It compliments Phillips strategy to a tee. i'll show you a chart of a great pin bar set up.

Jim

Thanks for the answers to Pips. The mentioned thread helps a lot with the emotion of the market around support and resistance. A must to read. For those that did not please read it.
  • #2,923
  • Mar 21, 2007 4:18am Mar 21, 2007 4:18am
Quoting Phillip Nel
Thanks for the answers to Pips. The mentioned thread helps a lot with the emotion of the market around support and resistance. A must to read. For those that did not please read it.
I agree Phillip, a must read. James16 price action with your strategy is powerful stuff. When a confluence of price action and a MACD signal happens. Get ready to pull the trigger.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #2,924
  • Mar 21, 2007 4:47am Mar 21, 2007 4:47am
Phillip, Jaroo & Dire....

Thanks for the info. Will start the thread today!
  • #2,925
  • Mar 21, 2007 4:50am Mar 21, 2007 4:50am
My GBPUSD Long was a bust....

Took a 24 pip loss on the trade (should have flipped it at the close of my 1AM candle (confirmed RT) --- my 1 AM = 08:00 GMT

Dang that 8-1 vote!!
  • #2,926
  • Mar 21, 2007 5:06am Mar 21, 2007 5:06am
Quoting DireXiv
From James16 thread:

http://www.forexfactory.com/showthread.php?t=6721

I have been very successful with pin bar trades as a candle pattern confirmation.



Edit: up 12 usd/jpy TC
Thanks a million for the link!
  • #2,927
  • Mar 21, 2007 7:24am Mar 21, 2007 7:24am
I've got enough requests for the H4 MACD alerts service to start working on it. Hopefully, all the subscribers will receive the first message in few weeks. Thanks to everybody for participation.
Ben
  • #2,928
  • Mar 21, 2007 8:40am Mar 21, 2007 8:40am
Quoting DireXiv
From James16 thread:

http://www.forexfactory.com/showthread.php?t=6721

I have been very successful with pin bar trades as a candle pattern confirmation.



Edit: up 12 usd/jpy TC
Thanks Dire, Jaroo and Pips4unme for all your help and for the post
  • #2,929
  • Mar 21, 2007 8:49am Mar 21, 2007 8:49am
Well finally took the plunge and started trading this signal full time. Got into the gbp/usd at 1.9615 and let it ride some. Good luck all.
  • #2,930
  • Mar 21, 2007 8:50am Mar 21, 2007 8:50am
Quoting gman29
Well finally took the plunge and started trading this signal full time. Got into the gbp/usd at 1.9615 and let it ride some. Good luck all.

Let it ride, you mean SHORT, or LONG?
  • #2,931
  • Mar 21, 2007 9:01am Mar 21, 2007 9:01am
Quoting Pinggarcia
Let it ride, you mean SHORT, or LONG?

Probably short, since the MACD is dropping.

Actually this was interesting case, since the signal candle (MIG demo), quite long, came back up, and allowed us to enter at good price (not too low). So the SL is much smaller..
  • #2,932
  • Mar 21, 2007 9:04am Mar 21, 2007 9:04am
Yes, I entered SHORT at 1.9575. Too bad, it's now at 1.9589
  • #2,933
  • Mar 21, 2007 9:23am Mar 21, 2007 9:23am
anyone trade the swissy usd 4hr took a long entry at 2146...
  • #2,934
  • Mar 21, 2007 9:37am Mar 21, 2007 9:37am
Quoting enoc2g
anyone trade the swissy usd 4hr took a long entry at 2146...
Yes. Only on demo. Testing it. TP at 2180
  • #2,935
  • Mar 21, 2007 9:42am Mar 21, 2007 9:42am
sounds good im looking at the same target level lets see freakin euro wont drop... there just waiting for one of these idiots to say something i hate when the market moves on fundamentals only... seeing technicals moving price is really a bueatiful thing... like clean pattern breakouts ect... I dont even mind false breaks as long as price is moving... ;-)
  • #2,936
  • Mar 21, 2007 9:42am Mar 21, 2007 9:42am
hi,

what you all think about GBP/USD and EURO/USD ?? For my personal opinion, i think it will go further low. How about others?
  • #2,937
  • Mar 21, 2007 9:45am Mar 21, 2007 9:45am
Guys pls look at A/U , seems to me like a tripple top or head and shoulder
  • #2,938
  • Mar 21, 2007 9:45am Mar 21, 2007 9:45am
u know what ive noticed, u are probably correct the problem is the timing, how many stops will it take out before it actually moves in the down direction the longer ur in waiting for price to breakout the more risk u expose ur position a couple of years back ive noticed price moved alot quicker especially off divergence and trendline breaks there has been a dramatic shift in the time it takes for price movement and the number of fakeouts...
  • #2,939
  • Mar 21, 2007 9:48am Mar 21, 2007 9:48am
I think the gbp/usd will be lower. I shorted it at 1.9595. stop is 1.9631 and TP is open now.
  • #2,940
  • Mar 21, 2007 9:50am Mar 21, 2007 9:50am
good possibility its testing a large TL now holding support im noticing a large triangle pattern on the usd jpy I wonder which way that will end up breaking.
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