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4 Hour Strategy (MACD)

  • #20,681
  • Aug 12, 2009 10:34am Aug 12, 2009 10:34am
Quoting nasir.khan
Don't know about UJ.

What about the "beauty and the beast" budy.

Double bottom on EJ and some thing same in GJ in 1H

and of course anticipation for RB's on 4H.
it is a very nice support off the 365 and 200 ma for both pairs. also i see 4h div, though not on philip macd but more of my own stochastic oscillaotr
  • #20,682
  • Aug 12, 2009 3:16pm Aug 12, 2009 3:16pm
Can we call what we see right now on 1h eurusd a trend continuation. the price in 4h retraced back to the 21 ema and the macd in 1h is red. May be I need to see the macd cross the zero line in 1h first?. I am still learning phill strategy.
  • #20,683
  • Aug 12, 2009 5:45pm Aug 12, 2009 5:45pm
Quoting nrousan
Can we call what we see right now on 1h eurusd a trend continuation. the price in 4h retraced back to the 21 ema and the macd in 1h is red. May be I need to see the macd cross the zero line in 1h first?. I am still learning phill strategy.
if i m not wrong, now is the time to wait. all e MA are together, you won't know which is the direction.

anw wad a news, 100 pips down, 100 pips up correction
  • #20,684
  • Aug 12, 2009 6:23pm Aug 12, 2009 6:23pm
Quoting yuan83
if i m not wrong, now is the time to wait. all e MA are together, you won't know which is the direction.

anw wad a news, 100 pips down, 100 pips up correction
You are completely correct. This is a perfect example of how patience and waiting for better setups will differentiate between the successful trader and the other 95%. There are many traders that have systems where they can scalp and be very profitable with this volatility but you will not find them in this forum so to stay with the lesson, stick to your method and do not jump ship and change your rules or system just because there is no high probability trade in your current system.
Keeping Life Simple
  • #20,685
  • Aug 12, 2009 8:47pm Aug 12, 2009 8:47pm
Quoting time1300
You are completely correct. This is a perfect example of how patience and waiting for better setups will differentiate between the successful trader and the other 95%. There are many traders that have systems where they can scalp and be very profitable with this volatility but you will not find them in this forum so to stay with the lesson, stick to your method and do not jump ship and change your rules or system just because there is no high probability trade in your current system.
If you check EU daily, it heading up.. part of the Rhythm.. found nice Support at TL and formed nice EG candle off the TL.. formed Higher Low on macd..

what you guys think..

shabbir
  • #20,686
  • Aug 12, 2009 9:01pm Aug 12, 2009 9:01pm
Quoting gujjubond
If you check EU daily, it heading up.. part of the Rhythm.. found nice Support at TL and formed nice EG candle off the TL.. formed Higher Low on macd..

what you guys think..

shabbir
yeah guess u are right with the nice divergence. however a question ihave. since it already move up, how we know when the div has ended?
  • #20,687
  • Aug 13, 2009 3:44am Aug 13, 2009 3:44am
Quoting gujjubond
If you check EU daily, it heading up.. part of the Rhythm.. found nice Support at TL and formed nice EG candle off the TL.. formed Higher Low on macd..

what you guys think..

shabbir
Agreed. I am long EU too but some resistance at 1.4300. Will see what happens there.
Gujjubond, you are good at reading price action already.
  • #20,688
  • Aug 13, 2009 7:01am Aug 13, 2009 7:01am
Yup, the EU is has all the three lower moving averages very close to each other. I do have a bullish bias with things even though there is a price gap forming with the 8ema that needs/wants to be filled. The Dow futures are up about 100 points overnight so I'm thinking of an up move in the EU. If I have the time I may look for some 5min trades if the price comes back down to the 50% retrace area for a bounce back up...price gap just cam eback down and the gap bar is now green...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #20,689
  • Aug 13, 2009 7:42am Aug 13, 2009 7:42am
Quoting Palmer
Yup, the EU is has all the three lower moving averages very close to each other. I do have a bullish bias with things even though there is a price gap forming with the 8ema that needs/wants to be filled. The Dow futures are up about 100 points overnight so I'm thinking of an up move in the EU. If I have the time I may look for some 5min trades if the price comes back down to the 50% retrace area for a bounce back up...price gap just cam eback down and the gap bar is now green...
hmm GU rejected by 36 fib..wonder if it can break through that ?
  • #20,690
  • Aug 13, 2009 4:29pm Aug 13, 2009 4:29pm
Anyone planing to take nice RB on GU Daily.. Double Morning star off the strong TL and 365sma ..

1hr making nice curve up, if current 1hr candle close above 365sma then more chances up.

your thoughts welcome..
  • #20,691
  • Edited Aug 14, 2009 5:38am Aug 13, 2009 9:28pm | Edited Aug 14, 2009 5:38am
Hi, did anyone see or get a trade using the 4hr MACD THIS MTH? By using all the rules i could not see a trade. Still waiting for one though. If anyone had / has a trade, pls let me know.

Thanks alot guys.

Andrew
  • #20,692
  • Aug 14, 2009 6:45am Aug 14, 2009 6:45am
Hello guys TC coming up in EU.

all the Fibbs MA's are cleared (61.8% is around but i think it's lost respect)

Pink lines are TP
and
Yellow line is SL

I will enter at close of this 1H. A TC is formed.

Isn't this simple?
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h.gif Size: 35 KB
  • #20,693
  • Aug 14, 2009 6:50am Aug 14, 2009 6:50am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting nasir.khan
Hello guys TC coming up in EU.

Pink lines are TP
and
Yellow line is SL

Isn't this simple?
u missed ur chart boy..
  • #20,694
  • Aug 14, 2009 6:54am Aug 14, 2009 6:54am
Quoting nerd
u missed ur chart boy..
Ok but you were not supposed to be that quick lol.

and happy independence day.
  • #20,695
  • Aug 14, 2009 6:56am Aug 14, 2009 6:56am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
In about 5 mins, there may be a TC on euro on my charts...da only problem i think dere is da yellow trendline in way, which marks the upper part of a longterm triangle. If i enter long, i'll be taking partial profits dere and settin da rest to b/e. In da daily charts as well, the TL has resisted price quite a number of times.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd_aug14_09_daily.gif Size: 18 KB
Click to Enlarge Name: eurusd_aug14_09_4hr.gif Size: 14 KB
  • #20,696
  • Aug 14, 2009 7:06am Aug 14, 2009 7:06am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting nasir.khan
Ok but you were not supposed to be that quick lol.

and happy independence day.
lol rite...i was actually very keen to see someone's chart n view abt da current TC on euro...

im in @ 1.42999 wid sl @ 1.42600..eventual target wud be 43500-700 area...

happy independence day to u too nasir
  • #20,697
  • Aug 14, 2009 7:15am Aug 14, 2009 7:15am
Quoting nerd
lol rite...i was actually very keen to see someone's chart n view abt da current TC on euro...

im in @ 1.42999 wid sl @ 1.42600..eventual target wud be 43500-700 area...

happy independence day to u too nasir
Yes there is a trend line on the daily and currently there are chances of drop down for a hSh formation.

but look how price jumped from 8-21 MA's on daily and if you set your macd at 10-22-1 there is TC on it also.

(which i did after i saw Philip Nel's weekly anticipation PDF).
  • #20,698
  • Aug 14, 2009 8:22am Aug 14, 2009 8:22am
Happy Independence Day Nassir and Nerd.
The market is very fickle. Up one minute, down the next. I think I will stay out until it breaks out of this box range on the 1 hr chart.
Attached Image
  • #20,699
  • Aug 14, 2009 8:26am Aug 14, 2009 8:26am
hmmm independence day of which country. heee

will GU shoot past the resistance?
  • #20,700
  • Aug 14, 2009 8:44am Aug 14, 2009 8:44am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting nerd
lol rite...i was actually very keen to see someone's chart n view abt da current TC on euro...

im in @ 1.42999 wid sl @ 1.42600..eventual target wud be 43500-700 area...

happy independence day to u too nasir
oh my !!

my stop for eurusd was hit...the pair appears to be getting pretty good resistance from 1.4300, which is also the TL i was talking about earlier...u'r rite xeneric..time to for stayin' out continues........


Quote
hmmm independence day of which country. heee

itz Pakistan, sweetheart..

Quote
will GU shoot past the resistance?

i believe in cable too, hard time continues...dis pair is stuck btw the 89SMA and 21/8 EMAs...Although, derez a bullish TC on my 4hr charts, but i'm stayin out in dis pair as well until the direction gets clearer...
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