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4 Hour Strategy (MACD)

  • #18,721
  • Feb 11, 2009 3:48am Feb 11, 2009 3:48am
Hi fxpip8

Clock ======
www.qlock.com
there is a frre version ...

2 stoch in same window===
Open the navigator
drag 1st stoch in the chart area ...
and u will have the 1st stoch window
drag 2nd stoch to the 1st stoch window
and u will have the 2 indi in the same window now ...
You can aslo send me a pm
What sys do u trade ?
David





Quoting fxpip8
Hi David4U

Refer to you post 18699, can you share with me how to do "2-in-1" Stoch? It will be helpful to my trading.

The clocks display are good. Is this freeware? Can you share it?

Thanks alot.

fxpip8
  • #18,722
  • Feb 11, 2009 3:55am Feb 11, 2009 3:55am
No, the daily charts I usually post with my trades, are so people viewing the posts can get a better idea of price action and to see the bigger picture of price action. My entries are mostly based on 4H but I always check with longer time frames to check the price action on the Daily as it usually dictates the 4H.

It is always good to preview the daily and weekly to see the longer time frame and where price is and then narrow it down and find the minor trend within those time frames.
Keeping Life Simple
  • #18,723
  • Feb 11, 2009 4:27am Feb 11, 2009 4:27am
Maybe the MAs and the price will go this direction soon...
It just my prediction....nothing special

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,724
  • Feb 11, 2009 4:31am Feb 11, 2009 4:31am
Orange,

I agree with you buddy because the pair to me looks unpredictable at this moment. It could truly go in any direction, I am watching from the sidelines for now until a more clear trend progresses.
Keeping Life Simple
  • #18,725
  • Feb 11, 2009 6:38am Feb 11, 2009 6:38am
Hi all...

Price making Head and Shoulders in this pair. Maybe if the price go to the down side for at least @ fib # 100%, the EURusd also going to the same direction...these are the possiblities based on the chart below....

I just trying to thinking outside the box now...still not really sure about this...

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,726
  • Feb 11, 2009 7:18am Feb 11, 2009 7:18am
trade deficit #'s out in 15min...
  • #18,727
  • Feb 11, 2009 5:20pm Feb 11, 2009 5:20pm
Hi guys. My first trade this month and not too shabby.

I missed an entry on Cable and Euro on Monday, but caught mucho pips Tuesday. The thinking was the price gap from the 8ema. Plamer I notice after the event you caught some nice pips the way down. I felt that it would move back to test the 89sma again. Thankfully it worked out. I took half at the 89 for about 60 and let the rest run. I had the rest at 80pips but closed early for 137 as there was the Senate vote in the USA. Good timing too as the 1600hr was a wide ranging candle.

One the sidelines just now Cable, Euro and Swissie are all close to their 89sma so waiting for some rhythm.

Good luck all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURO4H090209.JPG Size: 98 KB
Click to Enlarge Name: EURO1H090209.JPG Size: 124 KB
  • #18,728
  • Feb 11, 2009 6:08pm Feb 11, 2009 6:08pm
Quoting neilbuc
Hi guys. My first trade this month and not too shabby.

I missed an entry on Cable and Euro on Monday, but caught mucho pips Tuesday. The thinking was the price gap from the 8ema. Plamer I notice after the event you caught some nice pips the way down. I felt that it would move back to test the 89sma again. Thankfully it worked out. I took half at the 89 for about 60 and let the rest run. I had the rest at 80pips but closed early for 137 as there was the Senate vote in the USA. Good timing too as the 1600hr was a wide ranging candle.

One the...
Nice trades. The EU us really in a tight space right now. I've been mainly using the 5min method when the 4hr is approaching one of it's numerous s/r area. This has been working out really well. This pair really needs to get out of this area to let the rhythm get going. This happens with every pair every once in a while and it's all part of it...
  • #18,729
  • Feb 11, 2009 6:37pm Feb 11, 2009 6:37pm
Pretty Nice
  • #18,730
  • Feb 11, 2009 7:39pm Feb 11, 2009 7:39pm
Quoting neilbuc
Hi guys. My first trade this month and not too shabby.

I missed an entry on Cable and Euro on Monday, but caught mucho pips Tuesday. The thinking was the price gap from the 8ema. Plamer I notice after the event you caught some nice pips the way down. I felt that it would move back to test the 89sma again. Thankfully it worked out. I took half at the 89 for about 60 and let the rest run. I had the rest at 80pips but closed early for 137 as there was the Senate vote in the USA. Good timing too as the 1600hr was a wide ranging candle.

One the...
Hi,neilbuc
May you share your template with me? I think it will help me.
  • #18,731
  • Feb 11, 2009 11:37pm Feb 11, 2009 11:37pm
Hi all...

We are again experiencing Consolidation Period at present. I believe we all still remember what happened during the final quarter 2008.

But...

If I am right... maybe this time this pair will make a steady rally...just look at how the 89 put itself in line with the 8 & 21 in D1 chart now. Back then, situations were a little bit different during final quarter 2008....which 89 was far away from price in D1 chart.

MACD also in similar pattern now. So...is this the market bottom for EU already? Maybe yes...at least for now...

So...head up guys. Perhaps we all go together for the BIG CATCH soon if this pair begin its rally ey? Who is with me?!!! Raise your hand up in the air...!!!

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,732
  • Feb 12, 2009 2:32am Feb 12, 2009 2:32am
Quoting yuyudada
Hi,neilbuc
May you share your template with me? I think it will help me.
Here you go. The inidators are all from this site or fxtradeblog for the 5 decimal place 4hmacd indicator.

Neil
Attached File(s)
File Type: tpl neilbuc.tpl   9 KB | 477 downloads
  • #18,733
  • Feb 12, 2009 5:21pm Feb 12, 2009 5:21pm
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  • #18,734
  • Feb 12, 2009 6:14pm Feb 12, 2009 6:14pm
ssq:

Just wondering, can you look back on your charts to see if you can adjust that trendline down a little? I've got the first support candle around the end of October. Reason I am asking is the way I have mine drawn shows that candle not breaking the support at all with price coming right back up. Used the 5min to load up here.

Still waiting on this pair to get going. You can see the rhythm better on the daily but the 4hr is still stuck. Still using the 5min when the 4hr approaches one of the many s/r areas...
Attached Image (click to enlarge)
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  • #18,735
  • Feb 12, 2009 7:14pm Feb 12, 2009 7:14pm
Couple of other thoughts on E/U situation the way I'm seeing things at the moment.

On the daily, yesterday was a pin bar testing 2 established TLs, plus some solid divergence to top it off.

On H4, I have a small right angled triangle...looks like a false break? So my anticipation is to the topside now, although there is a lot of resistance in the way - moving averages on the daily and H4 and there's still an intact head and shoulders (H4) to get through. I'm with you Palmer - I'll be waiting for price to clear the area a bit more and get out of the rough.
Attached Image(s) (click to enlarge)
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  • #18,736
  • Feb 12, 2009 8:36pm Feb 12, 2009 8:36pm
I think you hit the nail on the head, filled in the hole, sanded, primed, and painted. It's a waiting game right now. I've been looking at the 5min for entries for the past xx days until this gets out of here. Cable looks like it's got the best rhythm right now but I don't really trade that pair that much...
  • #18,737
  • Feb 12, 2009 11:04pm Feb 12, 2009 11:04pm
One of our earliest lesson in this thread....

"Just a little bit of money management...If you weren't part of the consolidation and did not make any profit during its course you must be very aware of the breakout that is coming...If you aren't any pips positive after a consolidation phase of two weeks and more you must rather wait for the MACD to give a signal either after the breakout or if it gives a signal around in the middle of the consolidation....It is only to be save as to the emotion to the market....If the emotion is tense it is always around support and resistance especially after some consolidation"

-Phillip Nel-

Below are my h4 and h1 charts with 15 and 5 days trading respectively. Still waiting for the breakout as per method...

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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  • #18,738
  • Feb 13, 2009 8:39am Feb 13, 2009 8:39am
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  • #18,739
  • Feb 13, 2009 9:16am Feb 13, 2009 9:16am
I am far away of understending the sys & the rythm .
I have done a trade based on :
1. MA 89 = strong res.
2. The hanging man candle on 89 res.
3. after 2 casas of BOPB of the long term, down trend , price is now between the 2 down trend (red) lines ... so I could see a triple resistence (yellow rectangle)
Did not take into consideration :
1. macd
2. 89 flat
3. 8+21 like DNA.
Took a short trade @ 1.2900 (a bit late)
Close 40% @ 46 pips
Close 60% @ 71 pips ...
Did not have a specific plan for TP
Would like to hear your comments based on the strategy .
Tks
David
Attached Image (click to enlarge)
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  • #18,740
  • Feb 13, 2009 10:41am Feb 13, 2009 10:41am
Quoting david4u
I am far away of understending the sys & the rythm .
I have done a trade based on :
1. MA 89 = strong res.
2. The hanging man candle on 89 res.
3. after 2 casas of BOPB of the long term, down trend , price is now between the 2 down trend (red) lines ... so I could see a triple resistence (yellow rectangle)
Did not take into consideration :
1. macd
2. 89 flat
3. 8+21 like DNA.
Took a short trade @ 1.2900 (a bit late)
Close 40% @ 46 pips
Close 60% @ 71 pips ...
Did not have a specific plan for TP
Would like to hear your comments based on the strategy...
David...

This system is specially designed for TREND TRADING. Which mean, the definite direction of the market is either up/down trending. The market will rhythming if the price has already find the breakout point. When you said the 8+21 like DNA...and the price moves in tight range within 89, trend lines etc etc...this is what me and the rest in this thread call THE CONSOLIDATION PERIOD.

I am not sure about the others...but I am still waiting for a clear angle and gap between 8 & 21 before I take any entry decision. Perhaps you can be more patient and waiting...just like us. The market is always there...SO WAITING is the best answer I can give you now...

My previous post is a reminder to myself and all of us here...

About your strategy...without a specific TP plan...that is a risky one for sure...you missed the 1st lesson in this thread already....

Look for it...once you fully understand this method...you'll be doing well always...

HAVE A GREAT WEEKEND
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