4 Hour Strategy (MACD)

Sorry bro, There ain't trade there.. waite for current 4hr bar to close bulish, and see if MACD giving you nice RB..at least 4 to 5 lines...

shabbir

I also do not see any trades on both pairs....maybe weak TCs in current direction.....but i could be wrong.....

Hey bro,

Thanks for the reply. What does that mean by 4-5 lines?

Thanks

phil's pdf. a nice round btm or top shd be at least 5 x 4 hr period

Looking the the AudUSd chart, there's a RB. Is the bar nos enough?

Anything wrong with this trade?

seems ok to me, just that it is a count trend trade.

Ya did not take the trade, would have placed a total profit taking below the 89 MA. Would have closed 50% after 30 plus pips profit.

Would have closed 50% of the trade with 30 plus pips profit and moved the SL up.

Something wrong with ff?????

i hve an Aggressive Turnaround on AUDUSD on my charts...however, the candle is way too big and im not much inclined to buy dis pair at dis time...R:R is also pretty uncertain...

yes andrewnair i am also getting problem in browsing.

After that big 4H i think we should pass the trade.

But others like EU & GU are offering better TP's and as LONDON has closed there are more chances for pullbacks. On the other hand if you want to took these CT's don't expect price to just shoot through MA's it. will take time.

Hi Nasir,

So sorry for my ignorance, but on the chart i posted the 4hr bar is not very big, about 50 pips or so, is there a diffrence with the MT or time on the 4hr charts?

Thanks,

Andrew

andrewnair,
you can not take every signal from macd.Pay attention on the price move and rhytm. The second reason to wrote this to you is that as I can see you still need to reread more pdf's from this thread and to backtest a lot. Do not try to take any CT if you are not sure what you do.
Strart with pull backs from 21ema only TC and you will have success in a long term.
You can not take such big CT till 89 ema. You have to focus on the rhytm of the price market and to back test a lot time. Your wills to take CT on aud/usd with such big TP it is suicied for easy given money to brokers.
In this fast drop down day for most of the pairs I do not try to take them but in this aud/usd I enter and took profit for aud/usd CT only for 18 pips and I am satisfied with that.
But you have to look on the market rhytm and emotion more if you want to do CT. Do not even think for 1Hrs entry for CT if you want success for long term,better skip CT and point your atetntion only for TC from 21ema after deep backtesting and reading again the pdf's.
I do not want to tell you things just lie that. I just want to tell you to be more cautious and to read the thread from the beginning. I read the thread from 2 years and I still re read it because I feel not so sure for a lot of things.

After this fast run of the market today I think we will have opportunities for TC on some pairs like AUD/USD but it is still too early.The price bounce from 200sma and now I wait to pull back to 8 or 21 ema/.Just watch the pull back may be only to 8 ema,I hope to 21 for best taking but time will show. If not there are many other trade opportunities ahead.
I take about 12-14 trades for 2 months from one pair and I know that this is perfect and enough number of trades for this system for taking only TC signals and only form 21ema for me.To start with 1- pairs is a good idea too to understand better the breath of the market as Phillip say to all of us many times.
I wish you many many pips in your bag.

after smooth retrace back to the 8ema after this very strong down way today for that pair as most of pairs today the price pull back from 8ema,no need to wait for 21ema because of the current strong down rally so i took it on :

I use early entry from 1Hrs TF where I saw support from macd/3 candles down/ and DI- just cross DI + up so it is good 2 hours early entry before 4 Hrs candle to close.
1Hrs TF is also retrace from 21ema.

SL-0.8264 / above main key resistance for today/
entry- 0.8224
TP-0.8184 / just before key support for today/
r:r 40:40 == 1:1 good




edit: took half lot profit on 0.8204 rest on break even because we have support line here too/0.8204/.

fena: good stuff

Yes, taking CT trades are risky because CT trades are just that, trading against the trend. When the rhythm is really flowing well, the pullbacks to th 21 and maybe zeroing in on the 1hr for entries with the 4hr trend direction is where we want to be with this method.

Although the Eu is in a downtrend, it would be hard to pick out and entry here since the rhythm is not too clear reight now.

The JY looks like it wants to head south as well and this chart shows a little clearer picture. I'd like to see this pair come back to the 21, test that, then break down below the 50% Fib and head south again...

My expectation for tomorrow. I may try to catch it on phillip's 5 min system on FF or look for a TC on the MACD on the 4 hr

Morning all,

I took the CT (long trade) on the GBP/USD last night from the slightly bullish candle 4H close:

Entry @ 1.6332
TP 1.64420 zone / will see how it reacts around there.
SL 1.6210

I will post a video review of this trade later today, please subscribe to my youtube channel to receive daily updates:

www.youtube.com/sionsmith

Cheers WG

You got pretty good advise from Fena and Palmer. Now 1st of all 50 pips are enough for AudUsd but it wont be for GbpJpy so check the pip ranges using ATR(14).

Now if you are good at TC's you don't need to trade CT's cause when you are in a trend and you are going for a CT your first TP would be 8-EMA which don't stay much away from price.

If we look at Nerd's chart Stop would be around 70 pips and Target would be around 20 pips. I think nobody would go for that one.

If we look at Your chart Stop is around 50 pips and Target is also some 50 pips away and i think that's not bad you can take it.

So this matter is to do with broker GMT some times you will have advantage of it and some times you won't like Nerd But we can't say anything about it's significance in long term cause nobody tested it ( Imagine someone starting a thread about GOLDEN GMT lol).

But if you want to take them and you see there is CT coming up in a pair check if there is a

1- End of a wave.

2- A strong resistance area where price gets stuck.

3- If price is sitting at A TREND LINE or MOVING AVERAGE in Higher Time Frames.

4- Retracement Level of 61.8% or 50.0%.

5- Check if Candlesticks are making hairs (Price going in direction of trend but at the end coming back near open and making hair's also known as PIN BARS) or any other reversal pattern.

Sorry if i made any mistake in calculating pips cause i don't cover AU.

I took CT's on EU, EJ, GU and GJ but i will comment in single post's so posts won't get more bigger.

This is GBPUSD look at Trend Line in daily and look at 4H candles how they made hairs.

This is GBPJPY look at 89 SMA in Daily and the candle pattern also in 4h. 61.8% was also there but was not touched.