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4 Hour Strategy (MACD)

  • #21,681
  • Dec 18, 2009 3:32am Dec 18, 2009 3:32am
Quoting xeneric
GU is not as bearish as the other pairs because their employment figures are improving. The UK economy has also been very bad but now it appears that the economy is improving compared with the last few years.
Thank Godness that I didn't open computer so early this afternoon. If I have seen the TC signal of it, I would have entered it. What ironic is it is resistanted by that trend line...
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At daily chart, it is about to crack 200sma from May of this year, what do you think?
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Plan your trades and trade your plans
  • #21,682
  • Dec 18, 2009 4:17am Dec 18, 2009 4:17am
Quoting neilbuc
Oh and I waited till after the rate decision.........I just added that so I could get to 100 POSTS!!!!!
Congratulations!!I hope that we see more posts from you.
  • #21,683
  • Dec 18, 2009 4:19am Dec 18, 2009 4:19am
Quoting saka
Thank Godness that I didn't open computer so early this afternoon. If I have seen the TC signal of it, I would have entered it. What ironic is it is resistanted by that trend line...
At daily chart, it is about to crack 200sma from May of this year, what do you think?
I don't know Saka. It is a good question for Welshguy2000. He is the expert on GU.
  • #21,684
  • Dec 18, 2009 6:54am Dec 18, 2009 6:54am
xeneric:

Nice entry on the $Yen....it was zzzzz time for me.

People making pips...good stuff
  • #21,685
  • Dec 18, 2009 10:31am Dec 18, 2009 10:31am
before heading out, My gbpusd trade I had bagged 35 pips and with my stop loss moved to BE got stopped out just before shooting down to the short side just like anticipated, but it's all good..........it was friday and I usually like to close the office on fridays but you can see on the chart, price has touched the 3rd fibo line from when it retraced (#3) which was a Profit target point and we might see a touch of the 4th line by monday or next week but we now have to look for new entries if this is going to be falling as the daily indicates, we have broken 200 and now we might retrace back to it and then free fall, time will only tell. you can see with the big arrow where i got stopped out with that little spike to the upside but again rather see a winner close a winner instead of a winner turning against you into a loser.

have a great weekend everyone.
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Keeping Life Simple
  • #21,686
  • Dec 18, 2009 10:36am Dec 18, 2009 10:36am
Quoting saka
Good management, what makes me feel confused is why GU doesn't become bearish just like other pairs?
Hi Saka,

i think we are getting the right price actions to make this pair to become bearish, most of the time frames from the 4H and up are pointing to that direction. The daily has given us a TC and price has closed below major consolidation in the past month or so. On the weekly price has bouned off of the 89sma and a divergence of the MACD and on the Monthly price seems to be forming a bearish engulfing candle after a morning star last month.................so my 2 cents is that there might be some pips to be made to the short side but again no one knows what will happen but many events point me to the short for that pair.................will have to wait and see
Keeping Life Simple
  • #21,687
  • Dec 18, 2009 8:16pm Dec 18, 2009 8:16pm
Hi All,

I am new to this forum and glad to find someone like Nel who is willing to share and teach. However, it doesn't seems quite possible reading the entire forum due to my work schedule. Can anyone tell me if there is a summary of this strategy where I can read from?

Many thanks in advance and Merry Christmas!
  • #21,688
  • Dec 18, 2009 8:51pm Dec 18, 2009 8:51pm
Quoting silverfox88
Hi All,

I am new to this forum and glad to find someone like Nel who is willing to share and teach. However, it doesn't seems quite possible reading the entire forum due to my work schedule. Can anyone tell me if there is a summary of this strategy where I can read from?

Many thanks in advance and Merry Christmas!
You can find index in the first page of the thread, I recommend 13 lessons section, and especially market rythym part (it's the heart of this system).
  • #21,689
  • Dec 19, 2009 9:59am Dec 19, 2009 9:59am
Hi mkain,

Thank you for the information and your help is very much appreciated.
  • #21,690
  • Dec 19, 2009 4:49pm Dec 19, 2009 4:49pm
I also think GBP will turn bearing, but I will not enter a trending trade until after the 2 fib levels have been broken. Until then it is still range bound. The 1st chart shows the weekly and where I got the fib levels from. The second shows how price has been bouncing off of them. It has been range bound for a while and only time will tell if those fib levels are broken. Just a side note, I've been shoveling snow all day...we got 2+ feet of snow/ just under 1 meter
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  • #21,691
  • Dec 20, 2009 11:43pm Dec 20, 2009 11:43pm
Merry Christmas to Master Phillip Nel, Palmer, time1300, Welshguy and all of you who celebrate Jesus' birthday....

Pray to Jesus the Saviour, Our Lord for the peace and harmony around the world...Amen
  • #21,692
  • Dec 21, 2009 7:19am Dec 21, 2009 7:19am
Thanks oRange and the same to you! How are things in Borneo these days?

Eying the EU for weakness around the 21 for a possible short.
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  • #21,693
  • Dec 21, 2009 9:38am Dec 21, 2009 9:38am
Sold the EU at 1.3556
Bought the UJ at 90.69
  • #21,694
  • Dec 21, 2009 12:36pm Dec 21, 2009 12:36pm
disregard the long UJ trade for this thread...
  • #21,695
  • Dec 21, 2009 3:06pm Dec 21, 2009 3:06pm
Evening guys,

I have made it back safe and well from Central America, 700km in distance, 35,000 ft climbed over 8 days in 40 degree heat! ha! Hope you are all well?

i have just uploaded the video review of the latest trade I on the 18th - EUR/USD short @

Entry: 1.4387
SL: 1.4426
TP: 1.4252

Closed @ 1.4262

Inserted Video
  • #21,696
  • Dec 21, 2009 3:08pm Dec 21, 2009 3:08pm
Quoting orangeRANGE
Merry Christmas to Master Phillip Nel, Palmer, time1300, Welshguy and all of you who celebrate Jesus' birthday....

Pray to Jesus the Saviour, Our Lord for the peace and harmony around the world...Amen
Thanks organge, Merry Christmas! Hope you have a great one & a good lucky in 2010!

Happy Trading

Cheers WG
  • #21,697
  • Dec 21, 2009 4:55pm Dec 21, 2009 4:55pm
Quoting Palmer
xeneric:

Nice entry on the $Yen....it was zzzzz time for me.

People making pips...good stuff
Thanks Palmer. Nice to see u back.
  • #21,698
  • Edited 5:08pm Dec 21, 2009 4:58pm | Edited 5:08pm
Quoting welshguy2000
Evening guys,

I have made it back safe and well from Central America, 700km in distance, 35,000 ft climbed over 8 days in 40 degree heat! ha! Hope you are all well?

i have just uploaded the video review of the latest trade I on the 18th - EUR/USD short @

Entry: 1.4387
SL: 1.4426
TP: 1.4252

Closed @ 1.4262

http://www.youtube.com/watch?v=FZoGp3k-tdg
Thanks for the video, WG. Congratulations and well done on your monster cycling challenge.
  • #21,699
  • Edited 7:22pm Dec 21, 2009 5:00pm | Edited 7:22pm
Saka,
I am still holding the AU short from last week.
  • #21,700
  • Edited 5:27pm Dec 21, 2009 5:05pm | Edited 5:27pm
Just in case I don't post again before Xmas, Merry Christmas to everyone and your families. I hope Santa brings you lots of pips for next year.
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