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4 Hour Strategy (MACD)

  • #21,441
  • Nov 16, 2009 4:32pm Nov 16, 2009 4:32pm
Didn't anyone get the GBP TC. I tried to get too cute and waited for a pullback on the 1 hr to the 8 ema....and missed the trade all together. But surely someone caught it.
  • #21,442
  • Nov 16, 2009 5:09pm Nov 16, 2009 5:09pm
Daily: price formed a morning star indicating higher prices to come.
4hr: TC
1hr: I wanted price to pull back to the 8 ema, but I missed my price by less than 10 pips
TP: would have been at the 138 fib.
Welshguy: I haven't seen any new videos. Hope I see some new ones...they are great
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  • #21,443
  • Edited Nov 17, 2009 12:19am Nov 16, 2009 8:18pm | Edited Nov 17, 2009 12:19am
Quoting Morelands
Welshguy: I haven't seen any new videos. Hope I see some new ones...they are great
Welshguy2000 is probably training hard right now for the Trans Central America Cycling Challenge which is for 8 days and starts end of this week.

Good luck WG and all the best from all of us here at this thread.
  • #21,444
  • Nov 16, 2009 10:47pm Nov 16, 2009 10:47pm
PW 1.4990 showing some resistance so far (see rectangular). Be extra carefull when the price revisit this level. Hope this helps.
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  • #21,445
  • Nov 17, 2009 9:28am Nov 17, 2009 9:28am
The UsdJpy trade I did today. I liked the 2 tails and a possible pullback to the trendline breakout.
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  • #21,446
  • Nov 17, 2009 10:35am Nov 17, 2009 10:35am
Quoting Phillip Nel
The UsdJpy trade I did today. I liked the 2 tails and a possible pullback to the trendline breakout.
Nice One!

Missed an entry to Short Euro and and Long Swissie today. Stupid work .

Was looking for a 1H close below (and above Swissie) 21ema. Which happened at 11:00GMT. SL was only max 40 pips too. Did anyone take it on? I will admit it is slightly CT based but look how flat the 89 and 200 MA is. Once the 21ema support was gone it look very likely to make it back to the 89sma. As it happens its now to the 200.........next stop 365????

Good Luck All.
  • #21,447
  • Nov 17, 2009 10:57am Nov 17, 2009 10:57am
Quoting neilbuc
Nice One!

Missed an entry to Short Euro and and Long Swissie today. Stupid work .

Was looking for a 1H close below (and above Swissie) 21ema. Which happened at 11:00GMT. SL was only max 40 pips too. Did anyone take it on? I will admit it is slightly CT based but look how flat the 89 and 200 MA is. Once the 21ema support was gone it look very likely to make it back to the 89sma. As it happens its now to the 200.........next stop 365????

Good Luck All.
Nice
  • #21,448
  • Nov 17, 2009 5:46pm Nov 17, 2009 5:46pm
This one was just screaming BUY!! Got in a little early off the 1 hour chart. Bounce off support line. Pretty much textbook.

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  • #21,449
  • Nov 17, 2009 5:52pm Nov 17, 2009 5:52pm
Quoting neilbuc
Nice One!

Missed an entry to Short Euro and and Long Swissie today. Stupid work .

Was looking for a 1H close below (and above Swissie) 21ema. .....
I am interested in your analysis, but I don't understand which pair you are referring to. EURCHF? Sorry for that.
Cheers
  • #21,450
  • Nov 17, 2009 6:01pm Nov 17, 2009 6:01pm
Quoting smnitro1
This one was just screaming BUY!! Got in a little early off the 1 hour chart. Bounce off support line. Pretty much textbook.

Attachment
Well spotted. Bounced off the 200 SMA on the 4 hr as well.
  • #21,451
  • Nov 17, 2009 6:07pm Nov 17, 2009 6:07pm
Here is one on UCAD bouncing off the 89 SMA (blue) but currently supported by the 8 and 21 EMAs(red and orange).
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  • #21,452
  • Nov 17, 2009 9:51pm Nov 17, 2009 9:51pm
Quoting xeneric
Well spotted. Bounced off the 200 SMA on the 4 hr as well.

and 50% Fib Too!
Failure, is a wonderful teacher!
  • #21,453
  • Nov 18, 2009 1:49am Nov 18, 2009 1:49am
Hi Phil,

Thank you very much for introducing this wonderful trading system. Since I adopted this system in my trading, I have been feeling more prepared, more disciplined and thus more relaxing entering a trade. As a result, the system helps me improve my winning rates.
I'm introducing your system to my fellow Chinese traders in a Chinese forum (for free, of course). As expected, people are getting more and more interested. I attributed this system to you. Hope you don't mind my using your materials.
Good trade,


Woody
  • #21,454
  • Nov 18, 2009 5:05am Nov 18, 2009 5:05am
Quoting baco75
I am interested in your analysis, but I don't understand which pair you are referring to. EURCHF? Sorry for that.
Cheers

The EURUSD and USDCHF pretty much go opposite of each other. So if you long the EURUSD you can Short the USDCHF.

(Swissie is slang for USDCHF)

Toodles
  • #21,455
  • Nov 18, 2009 5:12am Nov 18, 2009 5:12am
Quoting xeneric
Well spotted. Bounced off the 200 SMA on the 4 hr as well.
Why do I keep missing stuff this week!!!!! I missed the moved down which I commented on yesterday. We then get a nice tail off the 200sma, a morning star with the next 4H candle (not the best confirmation candle), then a move above the 89sma(better bullish candle) which had a SL of only about 30 pips back to the 200sma.

Flaming work........if I had enough to give up and go full time trading I would!

Hope others got some Pips.
  • #21,456
  • Nov 18, 2009 6:44am Nov 18, 2009 6:44am
Flaming work........if I had enough to give up and go full time trading I would!

Working slowly towards this.....i miss soo many setups and i curse and curse................

Quoting neilbuc
Why do I keep missing stuff this week!!!!! I missed the moved down which I commented on yesterday. We then get a nice tail off the 200sma, a morning star with the next 4H candle (not the best confirmation candle), then a move above the 89sma(better bullish candle) which had a SL of only about 30 pips back to the 200sma.

Flaming work........if I had enough to give up and go full time trading I would!

Hope others got some Pips.
  • #21,457
  • Nov 18, 2009 6:48am Nov 18, 2009 6:48am
If it's any consolation Neil, I OFTEN arrive home from work, fire up the PC and find the "forex train has already left the station". Frustrating, yes, but we must learn to WAIT and let the next trade come to us, not to run down the track chasing a missed one (to extend the metaphor...!)
  • #21,458
  • Nov 18, 2009 8:34am Nov 18, 2009 8:34am
Quoting kichigai
If it's any consolation Neil, I OFTEN arrive home from work, fire up the PC and find the "forex train has already left the station". Frustrating, yes, but we must learn to WAIT and let the next trade come to us, not to run down the track chasing a missed one (to extend the metaphor...!)
Yeah, thankfully over the years I have learnt to be patient.......still a rant sometimes helps!
  • #21,459
  • Nov 18, 2009 8:41am Nov 18, 2009 8:41am
Anyone take on TCs that formed on the Yen the last douple of bars. I know Phillip Longed this yesterday for +31, but is the trend not down???? SL seems small, back to 21ema is about 30 pips
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  • #21,460
  • Nov 18, 2009 10:17am Nov 18, 2009 10:17am
Quoting neilbuc
Anyone take on TCs that formed on the Yen the last douple of bars. I know Phillip Longed this yesterday for +31, but is the trend not down???? SL seems small, back to 21ema is about 30 pips
i did .. but got out at -2 pip due to no movements for 6hrs..
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