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4 Hour Strategy (MACD)

  • #3,161
  • Mar 30, 2007 10:14am Mar 30, 2007 10:14am
Quoting hard1head1
Hey all, Pounds on a roll

Jim,

are you in?
  • #3,162
  • Mar 30, 2007 10:38am Mar 30, 2007 10:38am
What just happened?
  • #3,163
  • Mar 30, 2007 11:01am Mar 30, 2007 11:01am
Quoting 5forMe
What just happened?

The US Commerce Dept has just announced its going to institute tariffs on Chinese imports in repsonse to exporter subsidies provided by China. We haven't seen the exact percentages yet, but this represents a 20-year break in US trade policy and potentially a watershed in US/Chinese trade relations. The obvious impact is going to be felt in USD/JPY which is already collapsing under the weight of JPY cross longs exiting.
  • #3,164
  • Mar 30, 2007 11:24am Mar 30, 2007 11:24am
Of course I was in, Remember what I said this morning.........To keep your eye on a huge breakout. I thought short, however, if you charted the short term triangle on the 5 minute chart before the news, it wouldn't have mattered. This is what you would have seen....

Now Im like a Vulcher, picking up the scralps on the retracement of the EURO. LOL

J

P.S. You would have had to wait for it, ( 2 1/2 hours ), but 120 pips is well worth it.
Attached Image
  • #3,165
  • Mar 30, 2007 1:07pm Mar 30, 2007 1:07pm
Quoting hard1head1
Of course I was in, Remember what I said this morning.........To keep your eye on a huge breakout. I thought short, however, if you charted the short term triangle on the 5 minute chart before the news, it wouldn't have mattered. This is what you would have seen....

Now Im like a Vulcher, picking up the scralps on the retracement of the EURO. LOL

J

P.S. You would have had to wait for it, ( 2 1/2 hours ), but 120 pips is well worth it.

Jim,

you are the man!!!!!!!!!!!!
  • #3,166
  • Mar 30, 2007 2:08pm Mar 30, 2007 2:08pm
Info
Attached File(s)
File Type: zip Daily Wrapup 30March.zip   838 KB | 1,522 downloads
  • #3,167
  • Edited 3:54pm Mar 30, 2007 3:38pm | Edited 3:54pm
No Alberto, I am only humble one. My God is the Man, I'm just using the tools he gave me and the learning that I get from Duck, Phil, Tam, Pips and all those that have been so unselfish here in this room for me and others. This was easy, and anyone could have caught it. I learned this during a course on trading the news. They happen a lot, sometimes they are ascending, descending or symetrical triangles, sometimes they are parallel or angular equidistant channels but they all have one thing in common. They are drawn on a 1 or 5 minute time frame. Its like the springs in the old windup toys that as you wind them they get smaller and smaller and tighter and tighter but never distort. Then they get to the point where they break one way or another, quickly test the back of the trend line and there off. And sometimes you get a little more than you bargain for, like today with that unexpected news. Cool stuff, isn't it. Most would straddle this channel and suffer the loss of all the slippage, I, on the other hand, have another way. I usually do it on the Euro since the spread when I get in is only 2. I get in both ways at the same time, this way while everyone else is fighting the slippage and stressing out on the whipsaw, I calmly wait until the price finds a direction, ( In this case after it breaks long) Then I exit the opposite trade. It worked for me today and it works great for non-farm and I will be using it next Friday. I have NEVER had a losing trade doing it this way and I don't get greedy. KNOCK ON WOOD.

By the way: Anyone check out that 150 pip morning star on the GBP/USD at the close.
Attached Image
  • #3,168
  • Mar 30, 2007 4:09pm Mar 30, 2007 4:09pm
Quoting Phillip Nel
Info
Thank you again Phillip, every week i understand some more, im up 36 pips for the week. like you the deals seem to come while i am work so i just have to do whats available. You also have a great weekend.
  • #3,169
  • Mar 30, 2007 9:07pm Mar 30, 2007 9:07pm
Quoting Phillip Nel
Info

Phillip,

I have just arrived at my house and the 1st thing I did was listen to your wrap-up. This have been said by a lot of the trders that visit this forum, but I want to say it again: THANK YOU.

I really appreciate the effort you put into this forum. I only hope that one day I will be able to give back what i have received here from you and from other fellow traders.
You are giving not only knowledge...but most importantly, hope.
  • #3,170
  • Mar 31, 2007 8:57am Mar 31, 2007 8:57am
Here's the updated pdf with all of the trades (the MACD turns) from the first of the year through the end of this month. I was battling a headcold all week and I'm just now getting over it, not fun. I'm hoping to get back into the groove for the upcoming week....
Attached File(s)
File Type: pdf Charts.pdf   584 KB | 1,645 downloads
  • #3,171
  • Mar 31, 2007 10:16am Mar 31, 2007 10:16am
Quoting hard1head1
No Alberto, I am only humble one. My God is the Man, I'm just using the tools he gave me and the learning that I get from Duck, Phil, Tam, Pips and all those that have been so unselfish here in this room for me and others. This was easy, and anyone could have caught it. I learned this during a course on trading the news. They happen a lot, sometimes they are ascending, descending or symetrical triangles, sometimes they are parallel or angular equidistant channels but they all have one thing in common. They are drawn on a 1 or 5 minute time frame. Its like the springs in the old windup toys that as you wind them they get smaller and smaller and tighter and tighter but never distort. Then they get to the point where they break one way or another, quickly test the back of the trend line and there off. And sometimes you get a little more than you bargain for, like today with that unexpected news. Cool stuff, isn't it. Most would straddle this channel and suffer the loss of all the slippage, I, on the other hand, have another way. I usually do it on the Euro since the spread when I get in is only 2. I get in both ways at the same time, this way while everyone else is fighting the slippage and stressing out on the whipsaw, I calmly wait until the price finds a direction, ( In this case after it breaks long) Then I exit the opposite trade. It worked for me today and it works great for non-farm and I will be using it next Friday. I have NEVER had a losing trade doing it this way and I don't get greedy. KNOCK ON WOOD.

By the way: Anyone check out that 150 pip morning star on the GBP/USD at the close.
I wish you were right about "anyone could have caught this move." I was short on the eur/usd after US positive news...was actually up about 15pips...had my s/l and t/p set. Then I had to go run an errand, when I got back it was surprise, surprise...my s/l had been taken out!

Good job to you however, enjoy your weekend and profits!
  • #3,172
  • Mar 31, 2007 10:43am Mar 31, 2007 10:43am
Quoting Palmer
Here's the updated pdf with all of the trades (the MACD turns) from the first of the year through the end of this month. I was battling a headcold all week and I'm just now getting over it, not fun. I'm hoping to get back into the groove for the upcoming week....
Wow. Nice work Palmer.

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #3,173
  • Mar 31, 2007 10:56am Mar 31, 2007 10:56am
Quoting Palmer
Here's the updated pdf with all of the trades (the MACD turns) from the first of the year through the end of this month. I was battling a headcold all week and I'm just now getting over it, not fun. I'm hoping to get back into the groove for the upcoming week....
Thanks a lot for the effort. I appreciate
  • #3,174
  • Mar 31, 2007 12:05pm Mar 31, 2007 12:05pm
Quoting Palmer
Here's the updated pdf with all of the trades (the MACD turns) from the first of the year through the end of this month. I was battling a headcold all week and I'm just now getting over it, not fun. I'm hoping to get back into the groove for the upcoming week....
Hi Palmer

Great work - Tx again. Very informative and usefull. Especailly for novices like me.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,175
  • Mar 31, 2007 12:46pm Mar 31, 2007 12:46pm
I'm proud to say I've added this thread to the Faster Learning Systems thread.

All 3,000+ posts are consolidated into 4 pdf files.

Enjoy!

http://www.forexfactory.com/showpost...30&postcount=9
  • #3,176
  • Edited 2:24pm Mar 31, 2007 1:08pm | Edited 2:24pm
Quoting tdion
I'm proud to say I've added this thread to the Faster Learning Systems thread.

All 3,000+ posts are consolidated into 4 pdf files.

Enjoy!

http://www.forexfactory.com/showpost...30&postcount=9

I cannot thank you enough. I was just about to start it from scratch to make a summary of all the questions and answers as well as important stuff. You are a star. May this system bring you happiness and pips.
Phillip
  • #3,177
  • Mar 31, 2007 2:33pm Mar 31, 2007 2:33pm
this is my first time to read about

and i hope to understand this method
  • #3,178
  • Mar 31, 2007 6:15pm Mar 31, 2007 6:15pm
This thread is great. Thanks Phillip!
Once I've finished learning your system, I'm going to combine it with what I have learnt on James16!
If it's too good to be true, it probably is.
  • #3,179
  • Mar 31, 2007 8:12pm Mar 31, 2007 8:12pm
im new to live forex i have been trading on a demo account for 1 full year and 10 days ago i had my live account, i have my strategy and sometime its a sound inside of me that tells me when and where to take action and thanks God till now i have a positive balance and im earning enough pips per month, but i spent the whole night trying to study and try your studies and i think its a very good idea, its a smart way, i really apreciate your work.
Happy pipsing
  • #3,180
  • Apr 1, 2007 1:25am Apr 1, 2007 1:25am
Quoting alcastro
The US Commerce Dept has just announced its going to institute tariffs on Chinese imports in repsonse to exporter subsidies provided by China. We haven't seen the exact percentages yet, but this represents a 20-year break in US trade policy and potentially a watershed in US/Chinese trade relations. The obvious impact is going to be felt in USD/JPY which is already collapsing under the weight of JPY cross longs exiting.

Will be very interesting to see how this affects (effects?) the market.....should be an interesting week ahead!
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