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4 Hour Strategy (MACD)

  • #20,761
  • Aug 18, 2009 7:48pm Aug 18, 2009 7:48pm
hmm div on GU. doesn't look tt good.
  • #20,762
  • Aug 18, 2009 8:34pm Aug 18, 2009 8:34pm
hi Phillip

first of all, i want to thank you for all the efforts you put to educate us on forex.
here is my quesion; i am using 2 MT4 platforms. however, the daily candle of one closes at 11pm GMT but the other one colses at 12am GMT. That confuses me of which one to take as the two platforms show different candle patterns and slightly different in indicators as well. Could you give me any suggestion on that? thanks again
  • #20,763
  • Aug 19, 2009 12:26am Aug 19, 2009 12:26am
Quoting aungthein
hi Phillip

first of all, i want to thank you for all the efforts you put to educate us on forex.
here is my quesion; i am using 2 MT4 platforms. however, the daily candle of one closes at 11pm GMT but the other one colses at 12am GMT. That confuses me of which one to take as the two platforms show different candle patterns and slightly different in indicators as well. Could you give me any suggestion on that? thanks again
Stick with one platform only, it will be much easier. phillip use MIGfx.com mt4. they are gmt+2, but execute trade on different plateform (I think, but not sure). most of people on this thread use MIG for 4 hr stratagy and use different broker.

hope this will answer your question
shabbir
  • #20,764
  • Aug 19, 2009 12:27am Aug 19, 2009 12:27am
We have a TC being formed on the EU. It is a bounce off the trendline and the 21 EMA.
Attached Image
  • #20,765
  • Edited 12:52am Aug 19, 2009 12:30am | Edited 12:52am
Quoting nerd
I just took a short position on USDJPY.

Price went below the 89SMA and den below the 200SMA and pulled back to the 21EMA. I hve a TC on my 4 hour MACD wid da pair closing below 200SMA again...derez a TC n a pullback to 21EMA on my hourly charts as well...
Nerd, are you still holding your trade ? I entered same time as you. Pair nor moving much. Looks like some support there.. I will waite and see what happen.

EDITED : closed my first lot at 37+ pip.. second set to BE.. let see what next..

thanks
shabbir
  • #20,766
  • Aug 19, 2009 12:49am Aug 19, 2009 12:49am
Quoting xeneric
We have a TC being formed on the EU. It is a bounce off the trendline and the 21 EMA.
Hi xeneric..

what minimum gain would you close your first trade on any given pair? 20+ pips.. just curious..

shabbir
  • #20,767
  • Aug 19, 2009 12:50am Aug 19, 2009 12:50am
You can also take the round top on GU since it is off major resistance but we need to be careful because it is right now at a round number at 1.6500 mark and there may or may not be a pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4hr.gif Size: 32 KB
  • #20,768
  • Aug 19, 2009 1:02am Aug 19, 2009 1:02am
Quoting xeneric
We have a TC being formed on the EU. It is a bounce off the trendline and the 21 EMA.
Nail it Boys.
Look at this beauty now who need's those CT's.

Warning.

BUT let the 4h close and for those

who are seeking 1H early entry don't jump in to fast you will get a good cause i think it could retrace a bit.
  • #20,769
  • Aug 19, 2009 1:25am Aug 19, 2009 1:25am
Xeneric how much time do have in 4h bar close in your MT4.
  • #20,770
  • Aug 19, 2009 1:31am Aug 19, 2009 1:31am
Quoting gujjubond
Hi xeneric..

what minimum gain would you close your first trade on any given pair? 20+ pips.. just curious..

shabbir
Yes, I won't take a trade which is offering less than 20-30 pips
  • #20,771
  • Aug 19, 2009 1:47am Aug 19, 2009 1:47am
Quoting nasir.khan
Xeneric how much time do have in 4h bar close in your MT4.
about 1 hr 15 mins for IBFX but here is Alpari (same as MIG) version which also shows TC
Attached Image (click to enlarge)
Click to Enlarge Name: eu4hr.gif Size: 34 KB
  • #20,772
  • Aug 19, 2009 1:51am Aug 19, 2009 1:51am
Quoting xeneric
about 1 hr 15 mins for IBFX but here is Alpari (same as MIG) version which also shows TC
I have 2 hr and 10 mins at Windsor.

Price has went down so much at the signal candle and it's not done yet. We will have to manage this one carefully.
  • #20,773
  • Aug 19, 2009 1:56am Aug 19, 2009 1:56am
Both EU and GU have run into temporary support. GU has run into the 200 SMA and EU has run into 1.4100 mark.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu4hr.gif Size: 33 KB
Click to Enlarge Name: gu4hr.gif Size: 29 KB
  • #20,774
  • Aug 19, 2009 2:04am Aug 19, 2009 2:04am
Quoting nasir.khan
I have 2 hr and 10 mins at Windsor.

Price has went down so much at the signal candle and it's not done yet. We will have to manage this one carefully.
Hi Nasir, It nice to know that you are in windsor.. I am in Vancouver..

why dont you guys use migfx.com mt4 ?.. Phillip's all strategies are based on their charts..


shabbir
  • #20,775
  • Aug 19, 2009 2:08am Aug 19, 2009 2:08am
Quoting nasir.khan
I have 2 hr and 10 mins at Windsor.

Price has went down so much at the signal candle and it's not done yet. We will have to manage this one carefully.
Definitely need to manage this one well. I traded GJ during Asian session and got around 70 pips. Yen crosses have been moving very well all day. Unfortunately the macd can be a little late with the signal at times.
  • #20,776
  • Aug 19, 2009 2:14am Aug 19, 2009 2:14am
Looking at the daily, it appears that EU fell through the trendline, pulled back to the trendline and is now continuing on - but has hit 1.4100 again. Just my 2 cents.
Attached Image
  • #20,777
  • Aug 19, 2009 2:35am Aug 19, 2009 2:35am
Quoting xeneric
Looking at the daily, it appears that EU fell through the trendline, pulled back to the trendline and is now continuing on - but has hit 1.4100 again. Just my 2 cents.
1-Breaking a trend line

2-Retesting it

3-And continuing again.

Is't this a classic one.
  • #20,778
  • Aug 19, 2009 2:51am Aug 19, 2009 2:51am
Quoting nasir.khan
1-Breaking a trend line

2-Retesting it

3-And continuing again.

Is't this a classic one.
It is just my 2 cents at the moment. I won't be happy until it breaks below 1.4080.
  • #20,779
  • Edited 4:25am Aug 19, 2009 3:38am | Edited 4:25am
Quoting xeneric
You can also take the round top on GU since it is off major resistance but we need to be careful because it is right now at a round number at 1.6500 mark and there may or may not be a pullback.
Did anyone take the GU round top ? I closed at support for 45 pips. The news pushed it along - although I was not trading the news.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4hr.gif Size: 33 KB
  • #20,780
  • Aug 19, 2009 4:47am Aug 19, 2009 4:47am
Quoting xeneric
Did anyone take the GU round top ? I closed at support for 45 pips. The news pushed it along - although I was not trading the news.
wad pic u have there. cute! lol anw ya it's a divergence n down it goes. stupid news also :o
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