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4 Hour Strategy (MACD)

  • #19,321
  • Apr 3, 2009 10:53am Apr 3, 2009 10:53am
Quoting dhalsim
anyone took the USDCHF trade?
Stoploss above 21 EMA and take profit at 1.1239
Be CAREFULL! Strong support. Watch daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 23 KB
THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #19,322
  • Apr 3, 2009 1:32pm Apr 3, 2009 1:32pm
At long last here is the much promised 1st video.

Inserted Video


I have only covered my most recent trades here, but will as the days / weeks progress I will go onto cover more complex parts of the system.
  • #19,323
  • Apr 3, 2009 5:30pm Apr 3, 2009 5:30pm
Quoting welshguy2000
At long last here is the much promised 1st video.

http://www.youtube.com/watch?v=BBplwfzQ6yQ

I have only covered my most recent trades here, but will as the days / weeks progress I will go onto cover more complex parts of the system.
Thanks WG. Great video! Good explanations.
  • #19,324
  • Apr 3, 2009 5:38pm Apr 3, 2009 5:38pm
Took the TC on UCAD when it bounced off resistance and the 21 EMA.

Entered short at 1.2381
Closed manually at 1.2311 due to upcoming weekend for 70 pips.
S/L at 1.2464
Attached Image
  • #19,325
  • Apr 3, 2009 6:16pm Apr 3, 2009 6:16pm
Quoting welshguy2000
At long last here is the much promised 1st video.

http://www.youtube.com/watch?v=BBplwfzQ6yQ

I have only covered my most recent trades here, but will as the days / weeks progress I will go onto cover more complex parts of the system.

I liked your video man please keed making them
  • #19,326
  • Apr 3, 2009 7:40pm Apr 3, 2009 7:40pm
Quoting welshguy2000
At long last here is the much promised 1st video.

http://www.youtube.com/watch?v=BBplwfzQ6yQ

I have only covered my most recent trades here, but will as the days / weeks progress I will go onto cover more complex parts of the system.

Great Video !! Please post more. They really help.
  • #19,327
  • Apr 4, 2009 10:19am Apr 4, 2009 10:19am
I'm not good at english well enough to understand welshguy2000's vedio. May somebody post transcript? Please help us, I think many people in this thread should meet this problem. Thank you!
  • #19,328
  • Apr 4, 2009 2:50pm Apr 4, 2009 2:50pm
hello all,
it has been a while...many new faces on this thread..
where is phillip?
  • #19,329
  • Apr 4, 2009 3:17pm Apr 4, 2009 3:17pm
Quoting docdollar
hello all,
it has been a while...many new faces on this thread..
where is phillip?
Unfortunately Phillip got banned.

Mike
Failure, is a wonderful teacher!
  • #19,330
  • Apr 4, 2009 3:20pm Apr 4, 2009 3:20pm
Did he really? Why?
  • #19,331
  • Edited Apr 5, 2009 6:21am Apr 4, 2009 10:43pm | Edited Apr 5, 2009 6:21am
Just a reminder that this is a short trading week because this coming Friday is Good Friday when it will be a bank holiday for most of the world's banks.
  • #19,332
  • Apr 4, 2009 10:47pm Apr 4, 2009 10:47pm
Quoting docdollar
hello all,
it has been a while...many new faces on this thread..
where is phillip?
See http://www.forexfactory.com/showthread.php?t=144185 in member's lounge.
  • #19,333
  • Apr 5, 2009 9:12am Apr 5, 2009 9:12am
Quoting orangeRANGE
Hi all...

After "sitting and waiting" at fib 38.2%...it seems to me that EU is bias to the upside now.

Immediate resistance levels:
1) Price level 1.3500;
2) Res TL; &
3) Fib 50.0%

Immediate spport levels:
1) Price level 1.3400;
2) 8ema, 21 ema, and 89sma; &
3) Fib 38.2%

The TRIANGLE OF CORRECTION as per d1 below is in the edge now. If the price break beyond fib 50%, I think should be a good week to LONG this pair sometime around next week.
Hi all...

I will make it simple here...EU is now in an UPTREND mode after the weekend...

However, next Friday (10/04/2009) would be Good Friday...so I think most of us will only watching the market to have its own "room to breathe" this week...

Anyway...let's look at the d1-h4-h1 charts before the week begin....

d1
Aaahaahhh...!!! Top Spinner candle there...testing the Res TL above it...watch out if you are favouring LONG...

h4
Price still ranging between 1.34-1.35 (as I predicted in my previous post)... again...be wary of the Res TL above it...

h1
The final hour of trading during last Friday also a Doji (but have a little bit of long tail)...again...becarefull if you are thinking of BUYING EU...

SO...

I am excited to see the where the price will be heading after the gap on Sunday (today).

If I am right...maybe we can be ready to consider of SELLING this pair...afterall...the credit crisis is still far away from recovering..so it is not a convincing idea to say EURusd is on its rally.

Just be cautious guys...see you all tomorrow

WG-Good job with your video...that is really helping the newbies especially....

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
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  • #19,334
  • Edited 12:09pm Apr 5, 2009 11:53am | Edited 12:09pm
Quoting orangeRANGE
Hi all...

I will make it simple here...EU is now in an UPTREND mode after the weekend...

However, next Friday (10/04/2009) would be Good Friday...so I think most of us will only watching the market to have its own "room to breathe" this week...

Anyway...let's look at the d1-h4-h1 charts before the week begin....

d1
Aaahaahhh...!!! Top Spinner candle there...testing the Res TL above it...watch out if you are favouring LONG...

h4
Price still ranging between 1.34-1.35 (as...
In my H4 chart, the upper RL have been tested several times. Although 8,21,89 all heading up, and price has been back to 21 then move upward, MACD showed a potential TC pattern, I will only Long when it pass through the upper R and come back to test it. On daily chart, the hanging man also indicates a reversal if the next candle close below the hanging man.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 45 KB
  • #19,335
  • Apr 5, 2009 12:27pm Apr 5, 2009 12:27pm
Hey everyone! My little 'experiment' for trading the lower timeframes with 'our mentors' teachings went very well. Well enough to where I am again trading the London Session when things are looking good and the NY morning session. I need to update the website, http://www.fxtradeblog.com
if some of the new faces are unaware of it and should be around here more as well. We had about 8 inches of rain here last week and the sun finally came out yesterday and is threatening to hide again for the next few days so I gotta go out and play.....
  • #19,336
  • Apr 5, 2009 7:41pm Apr 5, 2009 7:41pm
Just a note on moving averages :

A moving average is the average actions of people of their interpretation of the news for the timespan of the moving average.

A 200 MA represents the average actions of the people regarding the news they interpret of the last 200 days of news.

An exponential average gives more weight to the latest action.

On a 21 EMA, the last 5 days interpretation have more weight than the previous 16 days therefore the 21 EMA is used as the current action and interpretation and does carry the latest fresh interpretation.

Therefore entries around the 21 EMA represent the fresh news interpretation.
  • #19,337
  • Apr 5, 2009 8:40pm Apr 5, 2009 8:40pm
Anyone having trouble with MIG MT4 platform. I'm using a demo account for the platform and using another account to trade. Every once in a while (3-4 months I think) I have to reopen the account and I've been doing this for about a year, but now I'm getting "No connection" Anyone else having a problems or are they just catching on to the fact that I'm just using them for their platform?
Raymond
  • #19,338
  • Apr 5, 2009 10:37pm Apr 5, 2009 10:37pm
Quoting fishmen
In my H4 chart, the upper RL have been tested several times. Although 8,21,89 all heading up, and price has been back to 21 then move upward, MACD showed a potential TC pattern, I will only Long when it pass through the upper R and come back to test it. On daily chart, the hanging man also indicates a reversal if the next candle close below the hanging man.
fishmen...

I think your mt4 have different GMT offset compare to mine. That's why it has a little bit of different.

Anyway...that fib 50.0% still a strong Resistance Level in my opinion...

What do you think?
  • #19,339
  • Apr 5, 2009 10:45pm Apr 5, 2009 10:45pm
Quoting Palmer
Hey everyone! My little 'experiment' for trading the lower timeframes with 'our mentors' teachings went very well. Well enough to where I am again trading the London Session when things are looking good and the NY morning session. I need to update the website, http://www.fxtradeblog.com
if some of the new faces are unaware of it and should be around here more as well. We had about 8 inches of rain here last week and the sun finally came out yesterday and is threatening to hide again for the next few days...
Dude...

Where are you lately? Went fishing huh? So you are now concentrate into m5 strategy?
  • #19,340
  • Apr 5, 2009 10:47pm Apr 5, 2009 10:47pm
Quoting Morelands
Anyone having trouble with MIG MT4 platform. I'm using a demo account for the platform and using another account to trade. Every once in a while (3-4 months I think) I have to reopen the account and I've been doing this for about a year, but now I'm getting "No connection" Anyone else having a problems or are they just catching on to the fact that I'm just using them for their platform?
Raymond
You should ask Welshguy2000 about that. He is using MIG platform.
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