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4 Hour Strategy (MACD)

  • #20,821
  • Aug 24, 2009 2:54am Aug 24, 2009 2:54am
Quoting xeneric
Here is Phil's weekly anticipation for the week.
Thanks for sharing....
  • #20,822
  • Aug 24, 2009 3:24am Aug 24, 2009 3:24am
Quoting Fulgurator
Thanks for sharing....
Thanks Phil for your weekly anticipation and all the work that you do. We really appreciate it.
  • #20,823
  • Aug 24, 2009 8:27am Aug 24, 2009 8:27am
Hi,

Anyone looking to long the EURUSD if the macd turns green? SL at the 21 MA, at the red arrow. The 4he bar ends in abt 30 min time.

Let me know what you guys think.

Thanks alot,

ANdrew
Attached Image (click to enlarge)
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  • #20,824
  • Aug 24, 2009 9:20am Aug 24, 2009 9:20am
no entry, the macd did not turn, might go down to the 1hr cht to look for an entry.

andrew
  • #20,825
  • Aug 25, 2009 1:04am Aug 25, 2009 1:04am
Quoting andrewnair
Hi,

Anyone looking to long the EURUSD if the macd turns green? SL at the 21 MA, at the red arrow. The 4he bar ends in abt 30 min time.

Let me know what you guys think.

Thanks alot,

ANdrew
All the yen pairs have gone down (see Saka's analysis post 20710) so it seems that EU and GU will follow soon. The divergence on the 4 hr chart that I pointed out yesterday was very short lived. Saka's analysis which is on the weekly and monthly has precedence over the 4 hr charts.
  • #20,826
  • Aug 25, 2009 1:29am Aug 25, 2009 1:29am
Quoting xeneric
All the yen pairs have gone down (see Saka's analysis post 20710) so it seems that EU and GU will follow soon. The divergence on the 4 hr chart that I pointed out yesterday was very short lived. Saka's analysis which is on the weekly and monthly has precedence over the 4 hr charts.
Hi
looks like GJ found support on the MA. we might be looking at a triple bottom. there seem to have a slight bullish divergence also.
  • #20,827
  • Aug 25, 2009 3:43am Aug 25, 2009 3:43am
Quoting yuan83
Hi
looks like GJ found support on the MA. we might be looking at a triple bottom. there seem to have a slight bullish divergence also.
Gj is also approaching main trend line. We should at least wait for price to crack it and find certain thythm to ride it on.
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Plan your trades and trade your plans
  • #20,828
  • Aug 25, 2009 7:14am Aug 25, 2009 7:14am
I longed the AUDUSD too partial profit at 20+ pips. Let see where this goes.

SL just below the 89MA, but moved it up abit when i took profit.

Missed the short entry ont the usdchf

Andrew
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  • #20,829
  • Aug 25, 2009 12:16pm Aug 25, 2009 12:16pm
Hi,

The previous long AUDUSD hit the SL, but its was a free trade, so no loss there.

Another trade coming up in abt 45 mins time, short the USDJPY.

SL near the the 200 MA.

What you guys think?

ANdrew
Attached Image (click to enlarge)
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  • #20,830
  • Edited Aug 26, 2009 2:09am Aug 25, 2009 12:48pm | Edited Aug 26, 2009 2:09am
Took Gbp/Usd 2 hours before 4 hrs candle close after good news supporting usd and after showing TC signal on 4hrs after retrace from 21ema but still not close the candle. Still not in the right rhythm so I closed half of my lot on 1.6364 for 30 pips and move SL on BE.
on 1Hrs TF when I have entered on the early trade the setup was not so good because we have not too good DI- but some kind of evening star with cross dojy in the middle took my desision to take it early and macd on 1hrsupport down trend.
I took my TP on the 365 ema on 4Hrs because I think that when/if it touch it the price will start bounce from it or may be from strong trendline support and will go up for testing 1.6662.

SL:1.6444
enter:1.6374
TP:1.6304
R:R OK

lets see what will have.Not too good setup and the good rhythm is still off from that pair.

edit: TP- secured at 1.6304 with the rest of the lot.

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  • #20,831
  • Aug 25, 2009 3:38pm Aug 25, 2009 3:38pm
Hi,
I have been a member and a follower of this system for almost six months now. It seems to be the only system that is actually producing profits for me. Unfortunately I just got a new computer and accidentally deleted all my backup files from my internal and external hard drive and all the indicators and the templates I was using are gone. I don't where to start searching or how long it will take me to gather all the indicators again. If someone is kindly enough to post of the template they are using (basing on Phil's system) along with the indicators. Much is appreciated. Thank you.
  • #20,832
  • Aug 25, 2009 6:42pm Aug 25, 2009 6:42pm
Quoting fena74
Took Gbp/Usd 2 hours before 4 hrs candle close after good news supporting usd and after showing TC signal on 4hrs after retrace from 21ema but still not close the candle. Still not in the right rhythm so I closed half of my lot on 1.6364 for 30 pips and move SL on BE.
on 1Hrs TF when I have entered on the early trade the setup was not so good because we have not too good DI- but some kind of evening star with cross dojy in the middle took my desition to take it early and macd on 1hrsupport down trend.
I took my TP on the 365 ema on 4Hrs because...
Good trade Fena74
  • #20,833
  • Aug 25, 2009 6:45pm Aug 25, 2009 6:45pm
Quoting andrewnair
Hi,

The previous long AUDUSD hit the SL, but its was a free trade, so no loss there.

Another trade coming up in abt 45 mins time, short the USDJPY.

SL near the the 200 MA.

What you guys think?

ANdrew
Yen pairs are still falling but 94.00 is very strong support for UJ so let's see what happens. If it falls below 94.00 support then I will be shorting it too. Btw well managed for AU trade.
  • #20,834
  • Aug 25, 2009 6:50pm Aug 25, 2009 6:50pm
Quoting michelleange
Hi,
I have been a member and a follower of this system for almost six months now....
hi u can try my template though i dunno if the colour suits u ! ha
Attached File(s)
File Type: tpl h4 eurusd.tpl   4 KB | 467 downloads
  • #20,835
  • Aug 25, 2009 6:55pm Aug 25, 2009 6:55pm
Try the websites
http://www.fxtradeblog.com
http://marketrhythm.wik.is
  • #20,836
  • Aug 26, 2009 2:22am Aug 26, 2009 2:22am
Quoting xeneric
Yen pairs are still falling but 94.00 is very strong support for UJ so let's see what happens. If it falls below 94.00 support then I will be shorting it too. Btw well managed for AU trade.
Xeneric, thank you for your comments.
I think that 94.00 is strong support too and break or not will show the way for that pair for these days and I hope to move back in the rhythm again. Still too early to look for any trade there, but I see up channel is forming and bounce from 61fib and may be we will not have TC soon.
MACD is too flat for the last 2 days that makes things hard personally for me.

Attached Image (click to enlarge)
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  • #20,837
  • Aug 26, 2009 8:32am Aug 26, 2009 8:32am
thanks man... now just waiting to se something clear...

andrew

Quoting xeneric
Yen pairs are still falling but 94.00 is very strong support for UJ so let's see what happens. If it falls below 94.00 support then I will be shorting it too. Btw well managed for AU trade.
  • #20,838
  • Aug 26, 2009 10:14am Aug 26, 2009 10:14am
Afternoon All,

Right I have just uploaded the video review of the long trade which I entered on the 29-08-09.

Please feel free to comment / rate the video and ask what questions you need.

Inserted Video


Please subscribe to the channel to receive daily updates about when new vidoos are added.


Cheers WG
  • #20,839
  • Aug 27, 2009 5:28pm Aug 27, 2009 5:28pm
seriously wad caused the rally in EU n GU. I was thinking there was some slight div in GU but woke up and see the sudden 100 pip move, somemore at the end of the day!
  • #20,840
  • Edited 6:46pm Aug 27, 2009 6:20pm | Edited 6:46pm
Quoting yuan83
seriously wad caused the rally in EU n GU. I was thinking there was some slight div in GU but woke up and see the sudden 100 pip move, somemore at the end of the day!
Hi Yuan,

EU is still in an uptrend (see DAILY chart) until it breaks the bottom trendline - although overall momentum seems to be weak.

On the 4 hr chart, it has bounced off the short term green trendline. I would say that it was just a retest of the high but that's only my 2 cents worth.
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