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4 Hour Strategy (MACD)

  • #20,861
  • Aug 30, 2009 6:34pm Aug 30, 2009 6:34pm
Here is Phil's weekly anticipation.
  • #20,862
  • Aug 30, 2009 11:19pm Aug 30, 2009 11:19pm
Quoting xeneric
That was a very good move to close your trade before the weekend as the Japanese are having their elections this Sunday.

Here is a quote from an article in TIME

"The 54-year reign of Japan's Liberal Democratic Party is expected to come to an end on Aug. 30 in the country's first general election in four years. The main opposition party, the Democratic Party of Japan (DPJ), has little experience leading on a national level, but there are strong indications that voters will overwhelmingly support the party and its ambitious...
The Japanese election results must have been good news for the yen as it has got much stronger today and all the yen crosses are still falling.
  • #20,863
  • Aug 31, 2009 5:29am Aug 31, 2009 5:29am
my first time posting a trade here, spot a divergence, let see where this one will take us
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 50 KB
  • #20,864
  • Aug 31, 2009 6:15am Aug 31, 2009 6:15am
close my trade for 20 pips, gotta work now plus it reached 61.8 on fibs
Attached Image (click to enlarge)
Click to Enlarge Name: trade1.gif Size: 57 KB
  • #20,865
  • Aug 31, 2009 11:58am Aug 31, 2009 11:58am
Hi,

THere looks to be a few trades coming up on the next 4hr bar in abt 1hr 10min time.....but......

Long EURUSD SL at arrow
Short USDCHF SL at arrow
Long AUDUSD SL at arrow
LONG NZDUSD SL at arrow

What do you guys think?

Andrew
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 62 KB
Click to Enlarge Name: usdchf.gif Size: 60 KB
Click to Enlarge Name: audusd.gif Size: 67 KB
Click to Enlarge Name: nzdusd.gif Size: 65 KB
  • #20,866
  • Aug 31, 2009 2:51pm Aug 31, 2009 2:51pm
Anyone has any idea that how can I catch this one?
http://i28.tinypic.com/2lkeo21.jpg


When you see the signal, it's late already. : ( have to give it up?
there was a trendline, but I'm afraid that it would breakout downward..
  • #20,867
  • Aug 31, 2009 3:30pm Aug 31, 2009 3:30pm
Quoting andrewnair
Hi,

THere looks to be a few trades coming up on the next 4hr bar in abt 1hr 10min time.....but......

Long EURUSD SL at arrow
Short USDCHF SL at arrow
Long AUDUSD SL at arrow
LONG NZDUSD SL at arrow

What do you guys think?

Andrew
posted images are not labeled with currency pairs so I do not know which for which. Also, the signal bar is very long one in all of them. I also see there is a very near resistance in the way for eurusd.
  • #20,868
  • Aug 31, 2009 5:08pm Aug 31, 2009 5:08pm
Quoting goldiger
Anyone has any idea that how can I catch this one?
http://i28.tinypic.com/2lkeo21.jpg


When you see the signal, it's late already. : ( have to give it up?
there was a trendline, but I'm afraid that it would breakout downward..
the previous 2 candle shows very little activity, so either one of them would be a good place to enter, rather than trade off the indicator. also it tested the trendline again on the second candle before the big move so that means the price are reacting toward the trendline. i hope it helps

good luck trading
  • #20,869
  • Aug 31, 2009 6:26pm Aug 31, 2009 6:26pm
Quoting Hoifai
the previous 2 candle shows very little activity, so either one of them would be a good place to enter, rather than trade off the indicator. also it tested the trendline again on the second candle before the big move so that means the price are reacting toward the trendline. i hope it helps

good luck trading

Thank you, but sometimes, maybe I'm way too conservative . I don't usually like to take risk until I see some really good signs. Well, I might need to change myself little bit.
thank you buddy.
  • #20,870
  • Aug 31, 2009 6:29pm Aug 31, 2009 6:29pm
Quoting xeneric
Just got this in my email. Sounds like the competition is on MIG's demo account so anyone can join and have a try.

"M I G ‘s The Road to F1 FOREX CHAMPIONSHIP is about to start Tuesday 1st, September 2009. If you haven’t already subscribed for a chance to win an unforgettable Formula One weekend in Abu Dhabi – this is your chance!
[color=#585858][font=Arial]Trade Forex on our Championship Demo platform and pit your Forex...
i also entered for a laugh but it has only been 20 min, the top ten are are well off already. speechless
  • #20,871
  • Aug 31, 2009 7:25pm Aug 31, 2009 7:25pm
Quoting goldiger
Thank you, but sometimes, maybe I'm way too conservative . I don't usually like to take risk until I see some really good signs. Well, I might need to change myself little bit.
thank you buddy.
no worries, im glad to help. also you could go into smaller time frame to enter into a position, once you see a possible signal is coming up on the 4h.
  • #20,872
  • Sep 1, 2009 12:59am Sep 1, 2009 12:59am
Anybody looking for long on EU..

SL- around 1.4300
PT - Around 1.4400

not good R:R ..

I am afraid of that RED line..

i have taken on Demo to see how it goes..

shabbir
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4hr.gif Size: 43 KB
  • #20,873
  • Sep 1, 2009 1:29am Sep 1, 2009 1:29am
Quoting goldiger
Anyone has any idea that how can I catch this one?
http://i28.tinypic.com/2lkeo21.jpg


When you see the signal, it's late already. : ( have to give it up?
there was a trendline, but I'm afraid that it would breakout downward..
Yo could catch that trade buy using local max from that trend line which as support. For entry I prefer to use H1+local max(min)+above(belove) fraktal + spread + 1 pips.
http://img215.imageshack.us/img215/2241/2lkeo21.jpg
http://img4.imageshack.us/img4/3483/proqnoz.gif
Think like an investor, Act as a speculator. Ferid H.
  • #20,874
  • Sep 1, 2009 3:19am Sep 1, 2009 3:19am
So sorry, did not realise that the chts had no lebals,

first one is EURUSD
second is USDCHF
third is AUDUSD
forth is NZDUSD

What do ya guys think??



Quoting andrewnair
Hi,

THere looks to be a few trades coming up on the next 4hr bar in abt 1hr 10min time.....but......

Long EURUSD SL at arrow
Short USDCHF SL at arrow
Long AUDUSD SL at arrow
LONG NZDUSD SL at arrow

What do you guys think?

Andrew
  • #20,875
  • Sep 1, 2009 3:39am Sep 1, 2009 3:39am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting gujjubond
Anybody looking for long on EU..

SL- around 1.4300
PT - Around 1.4400

not good R:R ..

I am afraid of that RED line..

i have taken on Demo to see how it goes..

shabbir
ur red line is definitely a threat...plus i don see any good MACD confirmation/signal...
  • #20,876
  • Sep 1, 2009 9:33am Sep 1, 2009 9:33am
is double top forming at GBPUSD 4h chart?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 129 KB
  • #20,877
  • Sep 1, 2009 8:26pm Sep 1, 2009 8:26pm
Today looks very similar to the trade Welshguy2000 trade did on 8/29 (post 20838), except this time the 55 MA on the daily may be in the way of our profit target, so it may set up better for those on shorter time frames so the risk/reward is better.
  • #20,878
  • Edited 4:02am Sep 2, 2009 3:33am | Edited 4:02am
Over 7 months observing forex by tih strategy i realized we can create EA for this strategy How? I'll show the system, but need some coder's help for making EA.. Ok here we go..
System consist 3 part - Entry rules, Exit rules and Risk managment.
For entry rules I prefer using H4 -0.0045 and 0.0045 levels. Example for Buy condition

When price cross down -0.0045 EA cheking for buy stop. For this moment it wait for formation of local max on H1(or formation of fractal) after that EA put the buy stop to above of the fractal bar(spread + 1 pip)

http://img232.imageshack.us/img232/5208/analiz.gif
http://img216.imageshack.us/img216/3483/proqnoz.gif

Why buy stop not buy? Because some times, even crossing -0.0045, we buy but price continue its last trend and form convergence(divergence). Cause of that insure our trade i prefer using fractal breakout..

Sell condition
When price cross up 0.0045 EA cheking for sell stop and on H1 put the sell stop belove the fractal (spread + 1pip).
http://img4.imageshack.us/img4/5208/analiz.gif
http://img216.imageshack.us/img216/2359/proqnozk.gif

Risk Managment
I prefer not to use more than 10% of deposit for marjin.
Max drawdown 300 pips(SL)
Partial Drawdown("Price breath") 150-200 pips
Final Loss 25-30% of capital..

Exit rules
This is really problem side of most traders. But my exit rules depends on how much more we can profit from one trend.. In this picture Red lines our All trade's SL, green lines (buy stop) entry points. Buy adding orders we put SL's to one place so if move our SL, we move All order's SL.
Another instructions..
For fill my self in safety i advise to add here Breakeven... Almost 20-50 pips.
Why? Because some times price doesn't go to that way as we plan(as we plan to add another orders to one trend)
Even price got last "failed trade", profits from others would compensate that one..

Sorry for my poor english...
Happy trading for all
Think like an investor, Act as a speculator. Ferid H.
  • #20,879
  • Sep 2, 2009 3:56am Sep 2, 2009 3:56am
HI
please tell me why gbpjpy rises about 140 pip and where is the above of and bott today
  • #20,880
  • Sep 2, 2009 4:02am Sep 2, 2009 4:02am
http://img231.imageshack.us/img231/8929/proqnozm.gif
Think like an investor, Act as a speculator. Ferid H.
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