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4 Hour Strategy (MACD)

  • #3,081
  • Mar 28, 2007 1:57am Mar 28, 2007 1:57am
Hi,
I closed my long deal on EURUSD from 26 of March +70, as MACD started to give an opposite signal at 4:00, and price seemed to stuck at the Fib level 61.8. Should I let this deal go on as I have already moved my SL to breakeven and had 50 pips in my pocket? Can anyone, please, comment?

Ira
  • #3,082
  • Mar 28, 2007 3:28am Mar 28, 2007 3:28am
hi all,

after a period of struggling i finally caught a move:
sell eur/usd 1.3349 on a round top signal;
take profit 1.3329 at 21EMA;

P.S. euro does this pull back A LOT
  • #3,083
  • Mar 28, 2007 4:55am Mar 28, 2007 4:55am
hi all,

i entered sell sell eur/usd 1.3336 on a round top signal and now it is going up with, should i close my position or wait for news. any idea if it will pull back pls
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #3,084
  • Mar 28, 2007 5:10am Mar 28, 2007 5:10am
swissy long @1.2117, [email protected], TP [email protected]

what do you thing about it?
Attached Image
  • #3,085
  • Mar 28, 2007 5:26am Mar 28, 2007 5:26am
USDCHF
MACD turn looks good to me
i also look at the MACD trigger line which crosses at 2:00pm CET
database is tradesignal

Ciao Till
  • #3,086
  • Mar 28, 2007 5:49am Mar 28, 2007 5:49am
USDCHF looks good to me.

I already made my entry.

Good luck guys !
  • #3,087
  • Mar 28, 2007 6:34am Mar 28, 2007 6:34am
I exited the EURO$ before the morning 'red flag' news as well when price made its way to the 21ma for about 15 or so. Being on the wrong side of news surprises ain't too cool...
  • #3,088
  • Mar 28, 2007 6:55am Mar 28, 2007 6:55am
Do you guys know the time of the announcement?
  • #3,089
  • Mar 28, 2007 7:12am Mar 28, 2007 7:12am
8:30 AM EST USA Durable goods
10:30 AM EST USA Bernanke speaking
  • #3,090
  • Mar 28, 2007 7:39am Mar 28, 2007 7:39am
Quoting panther_trader
swissy long @1.2117, [email protected], TP [email protected]

what do you thing about it?
bad trade there!
the position was close @ 1.2096.
great loss
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #3,091
  • Edited 9:23am Mar 28, 2007 8:25am | Edited 9:23am
Quoting jogariga
USDCHF looks good to me.I already made my entry.
What signal you assume: a reversal or continuation? I'd like to warn you about trading decision based on unfinished candles, especially if less than 1/2 TF elapsed. Often they are wrong.
http://forexbarometer.com/graph/usd-chf-070328.gif
The last MACD bar may finally result in blue and this will point to possible future reversal (Round Bottom) or in red that means a downtrend continuation (Valley signal).

One hour later
http://forexbarometer.com/graph/usd-chf-070328-B.gif
Now we see a continuation signal, but it still not final because only 38% time frame elapsed. The closer it is to 100% the more reliable signal is.
Ben
  • #3,092
  • Mar 28, 2007 8:34am Mar 28, 2007 8:34am
Hey I don't know, how to add colors ( red & blue) to the MACD.

Any advice?

thanks
  • #3,093
  • Mar 28, 2007 8:45am Mar 28, 2007 8:45am
Quoting Nacho_1975
Hey I don't know, how to add colors ( red & blue) to the MACD.

Any advice?

thanks
My advice would be to learn how. Cheers!


Actually, here is the indicator for MACD color. You can go into the properties of it and changes the colors to whatever you'd like. Enjoy!
Attached File(s)
File Type: mq4 MACD_H4_300_v100.mq4   3 KB | 711 downloads
  • #3,094
  • Mar 28, 2007 9:17am Mar 28, 2007 9:17am
Quoting Tw0eleven
My advice would be to learn how. Cheers!


Actually, here is the indicator for MACD color. You can go into the properties of it and changes the colors to whatever you'd like. Enjoy!

thanks!!
  • #3,095
  • Mar 28, 2007 10:03am Mar 28, 2007 10:03am
Did anyone take the TC signal on EURUSD? Seems OK
  • #3,096
  • Mar 28, 2007 10:05am Mar 28, 2007 10:05am
Quoting Nacho_1975
thanks!!

Anytime!
  • #3,097
  • Mar 28, 2007 10:29am Mar 28, 2007 10:29am
Quoting ira
Did anyone take the TC signal on EURUSD? Seems OK
I see a RT only, that is a reversal signal. What trend you mean to continue? If you mean the last blue MACD bar as a TC, we need at least another 4 hours to confirm or disprove it.
http://forexbarometer.com/graph/eur-usd-070328.gif
Also it seems a right shoulder of H&S figure is forming now, that also is a reversal pattern.
Ben
  • #3,098
  • Mar 28, 2007 10:42am Mar 28, 2007 10:42am
On my chart the 12 hour candle closed blue, and the next one was blue too, not anymore, so I thought it must go up again, the continuation of the previous movement. Sorry I must have missed something. I read before that there can be differences in signals.
  • #3,099
  • Mar 28, 2007 10:45am Mar 28, 2007 10:45am
Quoting ira
On my chart the 12 hour candle closed blue
Could you provide your chart screenshot? We have to judge not by the candle, but by MACD bar color, whether it is bullish (blue) or bearish (red).
Ben
  • #3,100
  • Edited 10:54am Mar 28, 2007 10:48am | Edited 10:54am
Quoting ira
Did anyone take the TC signal on EURUSD? Seems OK
i also got a TC signal on my EUR/USD chart, but i missed it. eventually the signal turned out to be a false one.
Attached Image
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