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4 Hour Strategy (MACD)

  • #19,381
  • Apr 7, 2009 9:13am Apr 7, 2009 9:13am
Quoting Palmer
jin:

Since I am doing more trading on the 15min I have adjusted my trading entries on the 4hr to match those.... Having orders open on the 15min and 4hr at the same time can be a lot to manage so to help keep my sanity I'm hoping this will help.

http://www.fxtradeblog.com
Whoa..whoa...dude...15mins? I can't find it in your Plan 415 earlier. Have you updated it?
  • #19,382
  • Apr 7, 2009 9:26am Apr 7, 2009 9:26am
I cann't open youtube too!!!
  • #19,383
  • Edited 7:49pm Apr 7, 2009 6:59pm | Edited 7:49pm
Quoting orangeRANGE
Whoa..whoa...dude...15mins? I can't find it in your Plan 415 earlier. Have you updated it?
I think it is the 15 min on Phil's website.
  • #19,384
  • Apr 7, 2009 7:04pm Apr 7, 2009 7:04pm
Quoting yuyudada
I cann't open youtube too!!!
It seems that some countries cannot get access to youtube.
  • #19,385
  • Apr 7, 2009 7:33pm Apr 7, 2009 7:33pm
Quoting yuyudada
I cann't open youtube too!!!
you can tried calling your internet provider and ask. I can go to youtube.
But had problem going into phillip website. My provider solved it for me.

You can tried asking them for help
  • #19,386
  • Apr 7, 2009 7:56pm Apr 7, 2009 7:56pm
Where is Phil's website?
  • #19,387
  • Apr 7, 2009 8:02pm Apr 7, 2009 8:02pm
Quoting yuyudada
Where is Phil's website?

this is the website: http://www.phillipnel.co.za/
but you have to pay for it
  • #19,388
  • Edited 11:17pm Apr 7, 2009 10:54pm | Edited 11:17pm
Quoting orangeRANGE
Here are few reasons why I SHORT this pair:-

1) H4: potential Evening Star in blue rectangular (still developing). The recent candle has not yet closed;
2) H4: MACD shows TC pattern; &
3) Basic rules: Price < 8 < 21 < 89 in both H1 and H4 (downtrend market).

Entry details:-
SELL @ 1.3256
SL @ 1.3320 (64 pips risk @ fib 38.2%)

As usual, just one entry without TP decision yet. I still love using Trailing Stops strategy.
Hello all...

Now I'll go for free riding from here. Trailing stops 70pips (6pips gain only) with new SL @ 1.3250.

Currently, price already went below 1.3200 but I still see a few immediate Support Levels for this pair right now. They are:-

1) 365ema (H4);
2) Price level 1.3100; &
3) 200sma (H4)

It is a tough way to the downside of EU before it can reach fib 23.6%, that is also where the important Support TL awaits.

If the bearish market continues, my next trailing stops would be 45pips (1.3205). We'll see if I can/cannot do this right this time.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 34 KB
Click to Enlarge Name: eu2.gif Size: 31 KB
Click to Enlarge Name: eu3.gif Size: 38 KB
  • #19,389
  • Apr 8, 2009 12:38am Apr 8, 2009 12:38am
Quoting orangeRANGE
Hello all...

Now I'll go for free riding from here. Trailing stops 70pips (6pips gain only) with new SL @ 1.3250.

Currently, price already went below 1.3200 but I still see a few immediate Support Levels for this pair right now. They are:-

1) 365ema (H4);
2) Price level 1.3100; &
3) 200sma (H4)

It is a tough way to the downside of EU before it can reach fib 23.6%, that is also where the important Support TL awaits.

If the bearish market...
the MIG,s picture is not very good ,so i have nothing to do .
  • #19,390
  • Apr 8, 2009 2:35am Apr 8, 2009 2:35am
Quoting orangeRANGE
Hello all...

Now I'll go for free riding from here. Trailing stops 70pips (6pips gain only) with new SL @ 1.3250.

Currently, price already went below 1.3200 but I still see a few immediate Support Levels for this pair right now. They are:-

1) 365ema (H4);
2) Price level 1.3100; &
3) 200sma (H4)

It is a tough way to the downside of EU before it can reach fib 23.6%, that is also where the important Support TL awaits.

If the bearish market...
NICE trade, ORANGE!
THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #19,391
  • Apr 8, 2009 4:16am Apr 8, 2009 4:16am
ssq: MIG platform offset is GMT +2 I think...that's why we have a lil' different view.

Reno gr: Thank you. Did you SHORT EU too?

I am not sure if my free ride can hold it position, but I hope the market still favouring me this week...
  • #19,392
  • Apr 8, 2009 4:25am Apr 8, 2009 4:25am
Quoting orangeRANGE
ssq: MIG platform offset is GMT +2 I think...that's why we have a lil' different view.

Reno gr: Thank you. Did you SHORT EU too?

I am not sure if my free ride can hold it position, but I hope the market still favouring me this week...
I use MIG, they are GMT +1. Last week with the time shift things were a little different, however all should be back to normal now.

Cheers WG
  • #19,393
  • Apr 8, 2009 5:04am Apr 8, 2009 5:04am
Ok a few of you have commented on here & youTube http://www.youtube.com/user/sionsmith that you want to see signals which I past on & also losing trades.

Yesterday the GBP put in an aggressive V bottom which I didn't trade. The reasons are outlined in the video:

Inserted Video


Cheers WG
  • #19,394
  • Edited 6:37am Apr 8, 2009 5:34am | Edited 6:37am
Hi all...

I already closed my trade on EU @ 1.3215 and bank in 35pips.

AND...

I SHORT this pair (AUDusd) because I think it is now the beginning of its downtrend market and a possible breakout to the downside.

Another reasons is that I found 3 Little Sisters formation (see pink circles) in my h4.

Entry details:-
SELL @ 0.7066
SL @ 0.7116 (50pips risk = 26pips+/- above 21ema in h4)

As usual, only one entry with no TP (using trailing stops strategy).

I see 4 immediate Sup Levels for this pair. They are:-
1) Sup TL;
2) Fib 76.4%;
3) Price level 0.7000; &
4) 89sma (h4)

Hopefully the market favouring me again this time.

Your critics/comments/questions are most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.gif Size: 23 KB
Click to Enlarge Name: au2.gif Size: 27 KB
  • #19,395
  • Apr 8, 2009 6:11am Apr 8, 2009 6:11am
Quoting orangeRANGE
Hi all...

I already closed my trade on EU @ 1.3215 and bak in 35pips.

AND...

I SHORT this pair (AUDusd) because I think it is now the beginning of its downtrend market and a possible breakout to the downside.

Another reasons is that I found 3 Little Sisters formation (see pink circles) in my h4.

Entry details:-
SELL @ 0.7066
SL @ 0.7116 (50pips risk = 26pips+/- above 21ema in h4)

As usual, only one entry with no TP (using trailing stops strategy).

I see...

nice

i join you

a few pips better entry

AUDUSD short 0,7089
SL 0,7116

AU can sometimes be very trandy.
  • #19,396
  • Apr 8, 2009 7:46am Apr 8, 2009 7:46am
Quoting zeuzera
nice

i join you

a few pips better entry

AUDUSD short 0,7089
SL 0,7116

AU can sometimes be very trandy.
I got Stopped Out. 3 Little Sisters didn't worked out this time. AUDusd have strong support @ fib 76.4%. Price is "doiiiiinnnnnnkkkkk..." up too fast.
  • #19,397
  • Apr 8, 2009 8:13am Apr 8, 2009 8:13am
Quoting orangeRANGE
ssq: MIG platform offset is GMT +2 I think...that's why we have a lil' different view.

Reno gr: Thank you. Did you SHORT EU too?

I am not sure if my free ride can hold it position, but I hope the market still favouring me this week...
No i didn't short EU!
But i am waiting for LONG on this pair!
THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN
  • #19,398
  • Apr 8, 2009 8:52am Apr 8, 2009 8:52am
Hi all...

To me, the fx market in overall is still correcting itself so far...and it is a bit challenging to gain profit lately.

Again, I SELL this pair as I still believe the 3 Little Sisters formation (see pink cirlces) in my h4 will worked out later.

As in d1, price has potential to become doji or top spinner by the end of the day.

So does in h1, as the price found resistance @ 89sma (h1) and still inside the channel. I hope when it closed it will be a doji star or a spinner candle.

Entry details:-
SELL @ 0.7115
SL @ 0.7165 (50pips risk = same level with 3rd Sister)

Will only use Trailing Stops strategy as I made only one entry for this trade.

Any comment/critic/question/opinion is most welcome.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au.gif Size: 36 KB
Click to Enlarge Name: au2.gif Size: 31 KB
Click to Enlarge Name: au3.gif Size: 36 KB
  • #19,399
  • Apr 8, 2009 9:17am Apr 8, 2009 9:17am
i do not think the audusd will go dowm.

are you greedy???

i think you are too brave

there is no signal for sell ,you should wait for another 4hours.per the 4hmacd rule,am i right????
  • #19,400
  • Apr 8, 2009 10:05am Apr 8, 2009 10:05am
Quoting ssq
i do not think the audusd will go dowm.

are you greedy???

i think you are too brave

there is no signal for sell ,you should wait for another 4hours.per the 4hmacd rule,am i right????
I have very little time to go online. I trade whenever I have the chance, even though the chance looks unfavourable.

We have different lifestyle and background. I think you don't really know about myself.

Am I right?
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