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4 Hour Strategy (MACD)

  • #20,781
  • Aug 19, 2009 3:53am Aug 19, 2009 3:53am
hi, Xen
I have taken the BOZ of eu, and closed 3/4 lots with total 20pips which I use as the sl of the last 1/4, what I have to do now is to bless to God to wish price fit the rhythm and go down the the trend line which Phillips mentioned at daily chart.
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Plan your trades and trade your plans
  • #20,782
  • Aug 19, 2009 3:56am Aug 19, 2009 3:56am
Quoting saka
I find that GJ and EJ both have formed a haramy pattern at monthly chart, ususally the haramy pattern(a full bull/bear candle with a candle which is much smaller than previous one) is not a strong reverse pattern compared with engulf and morning/eveing star patterns.

But the important thing is if the second candle is a cross, the haramy pattern would be a strong reverse signal, espacially the ones appear at big TF!

Due to such pattern appears at GJ and EJ's monthly chart, I have an interset to analyse them at lower TF, and alse think...
Hi Saka,

Saw you online and thought I would take this opportunity to say that your analysis is right on (that means absolutely correct). The yen pairs moved a lot today - mostly during the Asian session. Made some pips on EJ, GJ and AJ but won't mention any more as it was not using 4 hr macd strategy.
  • #20,783
  • Aug 19, 2009 3:58am Aug 19, 2009 3:58am
Quoting saka
hi, Xen
I have taken the BOZ of eu, and closed 3/4 lots with total 20pips which I use as the sl of the last 1/4, what I have to do now is to bless to God to wish price fit the rhythm and go down the the trend line which Phillips mentioned at daily chart.
LOL.
  • #20,784
  • Aug 19, 2009 4:09am Aug 19, 2009 4:09am
Quoting saka
hi, Xen
I have taken the BOZ of eu, and closed 3/4 lots with total 20pips which I use as the sl of the last 1/4, what I have to do now is to bless to God to wish price fit the rhythm and go down the the trend line which Phillips mentioned at daily chart.
I just checked EU and I fear that the 1.4100 mark is too strong support for EU. On the 1 hr chart, it has started to go up and bounced off the 1 hr trendline. I was worried about that. From memory, 1.4100 is stronger support than 1.4000.
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  • #20,785
  • Aug 19, 2009 4:15am Aug 19, 2009 4:15am
It seems that price bounced from trend line now, I set the sl at 200sma. If it forms a Higher low at MACD at 22:00 GMT+1 and my sl isn't touched, I will close it manually. At least I won't lose from this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 30 KB
Plan your trades and trade your plans
  • #20,786
  • Aug 19, 2009 4:19am Aug 19, 2009 4:19am
Quoting saka
It seems that price bounced from trend line now, I set the sl at 200sma. If it forms a Higher low at MACD at 22:00 GMT+1 and my sl isn't touched, I will close it manually. At least I won't lose from this trade.
As usual, you have managed your trade very well.
  • #20,787
  • Aug 19, 2009 4:26am Aug 19, 2009 4:26am
Quoting xeneric
As usual, you have managed your trade very well.
no very true, my broker just allows me to use 0.1 mini lots(0.01 lot) these days. I find it quite different than before for I can set my postion more safer. After all, not lose money is the most important I think.
Plan your trades and trade your plans
  • #20,788
  • Aug 19, 2009 4:30am Aug 19, 2009 4:30am
Quoting saka
no very true, my broker just allows me to use 0.1 mini lots(0.01 lot) these days. I find it quite different than before for I can set my postion more safer. After all, not lose money is the most important I think.
Definitely. Money management is all about preserving capital.
  • #20,789
  • Aug 19, 2009 5:26am Aug 19, 2009 5:26am
saka,
I am in the same boat like you but I do not secure my loss so I wait the price to go down/I hope so/. I took SL over 200sma too. The price has bounced to the main trendline back,then close with a long bearish candle under 200sma.I am in that trade from 3 hours ago when macd gave signal.Still wait for the proper way down .
the big retrace up I hope it was because of the CAD news in 14 gmt+2.
the bias is down and we have so so right signal so I hope the price to move down.
Today was good for people that took TC usa/jpy after yesterday bad false signal today it was good but I managed to took only 30 pips from this big big rally last hours.

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  • #20,790
  • Aug 19, 2009 6:10am Aug 19, 2009 6:10am
Quoting fena74
saka,
I am in the same boat like you but I do not secure my loss so I wait the price to go down/I hope so/. I took SL over 200sma too. The price has bounced to the main trendline back,then close with a long bearish candle under 200sma.I am in that trade from 3 hours ago when macd gave signal.Still wait for the proper way down .
the big retrace up I hope it was because of the CAD news in 14 gmt+2.
the bias is down and we have so so right signal so I hope the price to move down.
Today was good for people that took TC usa/jpy after yesterday...
em....1h engulf, set sl above it, make more pips in porket, hope price goes down
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 66 KB
Plan your trades and trade your plans
  • #20,791
  • Aug 19, 2009 8:01am Aug 19, 2009 8:01am
wAD an uprun by EU!

but to ask, could we havent taken the trade? cos from my screen it seem to be a red (down) followed by a green (up) macd within the 1st -ve line. seem to be a trade?

anw i took the div trade on eur yen, though very early. but price hit same low as previous but macd low is FAR WAY higher. so just took it for almost 100 pips
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  • #20,792
  • Edited 12:31pm Aug 19, 2009 10:49am | Edited 12:31pm
Quoting yuan83
wAD an uprun by EU!

but to ask, could we havent taken the trade? cos from my screen it seem to be a red (down) followed by a green (up) macd within the 1st -ve line. seem to be a trade?

anw i took the div trade on eur yen, though very early. but price hit same low as previous but macd low is FAR WAY higher. so just took it for almost 100 pips
I am not sure this was a part of 4hr system trade. Zero Break and Crossed zero (Bounce off Zero) are taken for TC. this was in opposite direction.. you guys may correct me..

shabbir
  • #20,793
  • Aug 19, 2009 1:31pm Aug 19, 2009 1:31pm
Quoting gujjubond
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
Edited : closed second lot at 65+ pip.

Pair Swirling around 9400 .. MACD Div on 1hr. Just to be safe side.

Any thoughts..

shabbir
  • #20,794
  • Aug 19, 2009 2:30pm Aug 19, 2009 2:30pm
Evening all,

I have just uploaded my GBP/USD video trade review. Hopefully this explains alot to you guys.

Inserted Video


Please subscribe / comment / rate the channel as this will help me upload longer videos than the currently 10 min restriction.

Cheers WG
  • #20,795
  • Aug 19, 2009 4:44pm Aug 19, 2009 4:44pm
Hi there,

isn't it same scenario ? check yellow boxes..

anybody planing for long..

your comments welcome..

shabbir
Attached Image (click to enlarge)
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  • #20,796
  • Aug 19, 2009 6:48pm Aug 19, 2009 6:48pm
Quoting gujjubond
Hi there,

isn't it same scenario ? check yellow boxes..

anybody planing for long..

your comments welcome..

shabbir
Yes agree. Daily morning stars should be very good signal. Looking for a TC on 4 hr chart from either price action or macd. For me it has to break out of that 4 hr green channel with a TC.
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  • #20,797
  • Aug 19, 2009 11:02pm Aug 19, 2009 11:02pm
hi,

just to check with you guys, anyone long eurusd on the 1hr??

Andrew
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  • #20,798
  • Aug 19, 2009 11:15pm Aug 19, 2009 11:15pm
Quoting yuan83
wAD an uprun by EU!

but to ask, could we havent taken the trade? cos from my screen it seem to be a red (down) followed by a green (up) macd within the 1st -ve line. seem to be a trade?

anw i took the div trade on eur yen, though very early. but price hit same low as previous but macd low is FAR WAY higher. so just took it for almost 100 pips
My SL was hit also on this one,

If i want to find reason's after a trade not to trade it and then add these reasons to my trading methodology will complicate things over time.

Like in this trade i could say that stop was to big or we should have entered earlier using 1H (which i normally do but not this time). You will find something.

But all we need to do is to admit that it was losing one and move on for the next one.

Maybe some one more experienced then me ( i am only here since April) could come up with a solid reason.
  • #20,799
  • Aug 19, 2009 11:40pm Aug 19, 2009 11:40pm
Quoting nasir.khan
My SL was hit also on this one,

If i want to find reason's after a trade not to trade it and then add these reasons to my trading methodology will complicate things over time.

Like in this trade i could say that stop was to big or we should have entered earlier using 1H (which i normally do but not this time). You will find something.

But all we need to do is to admit that it was losing one and move on for the next one.

Maybe some one more experienced then me ( i am only here since April) could come up with a solid reason....
It was due to the crude oil inventories (news release) being much lower than expected. Usually it is not high impact news but because it was so much lower than expected, it sent shock waves and managed to turn the market. It is one of the few times that medium impact news was able to turn the market around.
  • #20,800
  • Aug 20, 2009 12:00am Aug 20, 2009 12:00am
Quoting xeneric
It was due to the crude oil inventories (news release) being much lower than expected. Usually it is not high impact news but because it was so much lower than expected, it sent shock waves and managed to turn the market. It is one of the few times that medium impact news was able to turn the market around.
You are right

I closed the ff calender yesterday after the Canadian Core CPI m/m and i did not had that mind.

BUT i guess we were right on our part.
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