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4 Hour Strategy (MACD)

  • #21,221
  • Edited 11:39am Oct 22, 2009 10:45am | Edited 11:39am
I was a bit late (19minutes) but still took the trade as my profit target just above 1.6500 still gave me 1:1 R:R ratio.

1. MACD divergence and 6 candles finding resistance around 1.6635.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H MACD.gif Size: 78 KB
Attached File(s)
File Type: zip GbpUsd.zip   494 KB | 447 downloads
  • #21,222
  • Oct 22, 2009 10:56am Oct 22, 2009 10:56am
Quoting Phillip Nel
I was a bit late (19minutes) but still took the trade as my profit target just above 1.6500 still gave me 1:1 R:R ratio.

1. MACD divergence and 6 candles finding resistance around 1.6635.
Hello Phil, nice CT that you got in GBPUSD, but I just wonder how do you entry? Could you elaborate more in which candle that triggered your CT decision, probably entry using smaller TF such as H1? Could you explain more? Thank you so much in advance...
  • #21,223
  • Oct 22, 2009 11:40am Oct 22, 2009 11:40am
Quoting hammerhead
Hello Phil, nice CT that you got in GBPUSD, but I just wonder how do you entry? Could you elaborate more in which candle that triggered your CT decision, probably entry using smaller TF such as H1? Could you explain more? Thank you so much in advance...

Hi
I have updated the original post with some comments
  • #21,224
  • Edited Oct 23, 2009 1:31pm Oct 22, 2009 2:59pm | Edited Oct 23, 2009 1:31pm
Here is a trade I did tonight based upon the 4H MACD rhythm of a possible TC on the 16:00 to 20:00 candle.

Edit
Closed out by trailstop for +39 pips
Attached File(s)
File Type: pdf GbpUsd.pdf   79 KB | 815 downloads
File Type: zip GbpUsd.zip   799 KB | 515 downloads
  • #21,225
  • Oct 22, 2009 3:23pm Oct 22, 2009 3:23pm
Hi Phillip,

I think someone has asked this question before, but not since you came back, I think. What pairs are you looking at or trading?

I see that you refer to a few pairs. Thanks for your help really sorry for bothering you.

Thanks again,

Andrew
  • #21,226
  • Oct 23, 2009 2:08am Oct 23, 2009 2:08am
Quoting Superscalper
did sameone try to trade thise sys on daily chart bar white more pairs?

does the atumatic indtifair macd indicator r ok to use ?is it relaibol?



BUMP
  • #21,227
  • Oct 23, 2009 2:13am Oct 23, 2009 2:13am
Quoting time1300
Good Morning all,

Great to see you orange posting again your analysis and your charts, it's definitly a great help to see some things that we might not have on our own charts. I appreciate everyone on this thread sharing their charts and helping each and everyone to earn pips...............that is how it should be done and I am so glad to see people sharing and being part of this really great life changing forum.

Just to update you guys on my last USD/CAD trade. Just before bed time last night I closed my trade at BE..........this was due a...
My chart/analysis could never been better than yours...my friend.... Let me know if you happen to visit my place...will surely give you a warm welcome and hospitality...
  • #21,228
  • Oct 23, 2009 2:42am Oct 23, 2009 2:42am
Quoting baco75
The quoted comment may seem obvious to many, but not to me!! I got burned a few times (on demo fortunately...) on counter trades. Thanks a lot for your comment and the clear explanation of it!!
When you talk about the gap, it is when the price is far away from the 8ema and you expect it to go back to touch the 8ema?
Thanks a lot!!
Yes my friend, you are correct.
Keeping Life Simple
  • #21,229
  • Oct 23, 2009 2:47am Oct 23, 2009 2:47am
Quoting orangeRANGE
My chart/analysis could never been better than yours...my friend.... Let me know if you happen to visit my place...will surely give you a warm welcome and hospitality...
Greatly appreciated my friend.........will sure do.
Keeping Life Simple
  • #21,230
  • Oct 23, 2009 3:49am Oct 23, 2009 3:49am
Quoting Superscalper
BUMP
I have one strategy...I call it the "coward method". I use 5m TF and buy/sell when the trend is temporary up/down. You must react with the PA very2 fast. Target 10pips without SL.

Do this 10 times per day and you'll get 100pips in the bag. If your account size is 1pip=USD10, then you'll end up USD1000 per day.

Desperado? Of course, but this what will I do when h4 seems to be lack of signal. Dangerous? Definitely, but it is also fun.

Good luck.
  • #21,231
  • Edited 4:51am Oct 23, 2009 4:24am | Edited 4:51am
GU reversed direction at resistance. In this case, it coincided with the release of worse GDP data news release.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1d.gif Size: 34 KB
Click to Enlarge Name: gu4hr.gif Size: 42 KB
  • #21,232
  • Oct 23, 2009 8:04am Oct 23, 2009 8:04am
Quoting xeneric
GU reversed direction at resistance. In this case, it coincided with the release of worse GDP data news release.

there is also divergence at the same time
  • #21,233
  • Oct 23, 2009 10:59am Oct 23, 2009 10:59am
HI,
this is my CT which I took today morning,
I enter after price come back to down line of range period from 5m, but obviously I based on 4h chart.
+ 30 pips to financial independence :-)

Have a nice weekend !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.PNG Size: 39 KB
Click to Enlarge Name: eu2.PNG Size: 35 KB
  • #21,234
  • Oct 23, 2009 11:23am Oct 23, 2009 11:23am
I have a question. How can we interpret these last 4h bars. Obviously price is finding support off the 21 and the 1,5000 level but we also have a hammer four candles back and a strong bearish candle right before the current candle. If somone with more experience with price action can comment that would be very helpful.

Thank you
Attached Image
  • #21,235
  • Oct 23, 2009 12:25pm Oct 23, 2009 12:25pm
Quoting orangeRANGE
I have one strategy...I call it the "coward method". I use 5m TF and buy/sell when the trend is temporary up/down. You must react with the PA very2 fast. Target 10pips without SL.

Do this 10 times per day and you'll get 100pips in the bag. If your account size is 1pip=USD10, then you'll end up USD1000 per day.

Desperado? Of course, but this what will I do when h4 seems to be lack of signal. Dangerous? Definitely, but it is also fun.

Good luck.
i ment D1 chart
  • #21,236
  • Oct 23, 2009 1:39pm Oct 23, 2009 1:39pm
My daughter is helding her yearly youth camp so I will be back on Sunday night. I have taken a short on the EurUsd but have closed for BE a while ago. I will post details on Sunday.
  • #21,237
  • Oct 23, 2009 4:28pm Oct 23, 2009 4:28pm
Quoting fxlan
I have a question. How can we interpret these last 4h bars. Obviously price is finding support off the 21 and the 1,5000 level but we also have a hammer four candles back and a strong bearish candle right before the current candle. If somone with more experience with price action can comment that would be very helpful.

Thank you

hmm correct me if i m wrong, but from macd looks a bit like a round top, so if you enter, it will be a counter trend where the tp will be the 1.500 or the 21 (or close to it as least), sl will be recent high. and it really happens as the last candle early hits the 2 before bouncing off for a trend continuation
  • #21,238
  • Oct 23, 2009 6:43pm Oct 23, 2009 6:43pm
Quoting yuan83
hmm correct me if i m wrong, but from macd looks a bit like a round top, so if you enter, it will be a counter trend where the tp will be the 1.500 or the 21 (or close to it as least), sl will be recent high. and it really happens as the last candle early hits the 2 before bouncing off for a trend continuation

I am looking from Price action status..ignore macd now. I am just wondering what the current candles and moving averages are telling us. Because i really dont know how to read the market in a correct way just by looking at candles. I know all the candles formation (hammers, shooting start, inverted hamers, evening stars,...) but i dont know how to see which one is the most relevant.
Is the bounce from the 21 in this case the relevant one...or are the strong bearish candles a reason to stay away. Hope someone can help
  • #21,239
  • Oct 23, 2009 8:06pm Oct 23, 2009 8:06pm
Quoting Phillip Nel
My daughter is helding her yearly youth camp so I will be back on Sunday night. I have taken a short on the EurUsd but have closed for BE a while ago. I will post details on Sunday.
I hope you have a nice weekend with your daughter and the youth.
I hope everyone here has a nice weekend!
  • #21,240
  • Oct 23, 2009 8:06pm Oct 23, 2009 8:06pm
Quoting Superscalper
i ment D1 chart
This thread is all and always about h4 strategy and MACD...so it is wise not to ask something unrelated here...

This should solve your puzzle now...
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