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4 Hour Strategy (MACD)

  • #21,781
  • Jan 11, 2010 11:25pm Jan 11, 2010 11:25pm
Anticipating MACD TC signal coming up here on the EUR/USD off of the 21ema, price found support with a nice hammer off of the 21ema. 61.8 Fibo retracement and if we get in the trade then my first target would be to the 200sma and the 365 which happen to be by each other. Will have to wait and see.........PATIENCE IS PRICELESS
Keeping Life Simple
  • #21,782
  • Jan 11, 2010 11:27pm Jan 11, 2010 11:27pm
Hi,

I am using MIG data feed just for the 4hr MACD system, is anyone having problem with MIG demo? Can't seem to get the live prices. My other brokers are fine, is it me or the Mig Demo server?

Sorry for the trouble guys, thanks for the help, I love this thread, thanks again Phillip for everything.

Regrads,

Andrew
  • #21,783
  • Jan 11, 2010 11:42pm Jan 11, 2010 11:42pm
Quoting andrewnair
Hi,

I am using MIG data feed just for the 4hr MACD system, is anyone having problem with MIG demo? Can't seem to get the live prices. My other brokers are fine, is it me or the Mig Demo server?

Sorry for the trouble guys, thanks for the help, I love this thread, thanks again Phillip for everything.

Regrads,

Andrew

i think its me........tried using another com........
  • #21,784
  • Jan 12, 2010 1:35am Jan 12, 2010 1:35am
Morning all,

right I took a CT (counter trend) move on the EUR/USD on Friday - managed to get an early entry off the NFP news. The long entry was 1.4330 to 1.4554 (+ 224 pips) I've explained this in the video - where you need to place your stops & how to identify a target profit zone. If you have any questions please pm / email me.

Inserted Video


Please rate / comment on this video as it helps other new traders learn the system.

Cheers WG
  • #21,785
  • Jan 12, 2010 1:36am Jan 12, 2010 1:36am
Quoting andrewnair
Hi,

I am using MIG data feed just for the 4hr MACD system, is anyone having problem with MIG demo? Can't seem to get the live prices. My other brokers are fine, is it me or the Mig Demo server?

Sorry for the trouble guys, thanks for the help, I love this thread, thanks again Phillip for everything.

Regrads,

Andrew
Live system was fine yesterday - however I have noticed the spread has started to change during low volume which never used to happen before?? Worth getting in contact with their live support as they are quite helpful.

Cheers WG
  • #21,786
  • Jan 12, 2010 1:38am Jan 12, 2010 1:38am
Quoting time1300
Anticipating MACD TC signal coming up here on the EUR/USD off of the 21ema, price found support with a nice hammer off of the 21ema. 61.8 Fibo retracement and if we get in the trade then my first target would be to the 200sma and the 365 which happen to be by each other. Will have to wait and see.........PATIENCE IS PRICELESS
Time - watch this area as its likely to be a bit of a minefield, if you follow elliot wave, we are in the 4th wave so should see the final 5th wave move down before we continue you in the upwards direction. We would have to have a break of the 21 for this to be confirmed.

Cheers WG
  • #21,787
  • Jan 12, 2010 2:03am Jan 12, 2010 2:03am
Quoting welshguy2000
Live system was fine yesterday - however I have noticed the spread has started to change during low volume which never used to happen before?? Worth getting in contact with their live support as they are quite helpful.

Cheers WG
ok thanks alot for the info, my charts are online now, but with some gaps/data loss.

would like to thank you for all your videos, really helped alot of people.

Thanks again,

andrew
  • #21,788
  • Jan 12, 2010 11:35am Jan 12, 2010 11:35am
Hi, did anyone take the beautiful TC U/J trade?
Attached Image
  • #21,789
  • Jan 12, 2010 6:59pm Jan 12, 2010 6:59pm
Ira,

Good to see you here again - its been a while! Nice to see one of the old familiar faces around

I was eyeing that TC up. Was well tempted to take it but ended up passing that one up....was a little concerned about a retest to 93.00 level. Would have definitely have jumped in with a retrace (and PA) back at 93 zone where I have a resistance line (an inside top, which I think you know about ).

Glad it worked out well for you.

Ben

Quoting ira
Hi, did anyone take the beautiful TC U/J trade?
  • #21,790
  • Jan 12, 2010 8:10pm Jan 12, 2010 8:10pm
There is a evening star on the AUD Daily. Looking for a signal on the 4 hr... a possible TC with price below the 21 MA
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  • #21,791
  • Jan 12, 2010 8:44pm Jan 12, 2010 8:44pm
maybe a TC in the making?
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Keeping Life Simple
  • #21,792
  • Jan 12, 2010 8:49pm Jan 12, 2010 8:49pm
A picture perfect 1-2-3 formation might be in the making as well just as per our rules. close below 21, retest 21 and down to the 89sma..........lets see.
Attached Image (click to enlarge)
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Keeping Life Simple
  • #21,793
  • Jan 13, 2010 12:30am Jan 13, 2010 12:30am
Quoting BenStevo
Ira,

Good to see you here again - its been a while! Nice to see one of the old familiar faces around

Ben
Thank you! I am very happy that this thread goes on so well. Phillip had put a lot of effort here.

Ira
  • #21,794
  • Jan 13, 2010 1:04am Jan 13, 2010 1:04am
Quoting time1300
A picture perfect 1-2-3 formation might be in the making as well just as per our rules. close below 21, retest 21 and down to the 89sma..........lets see.
Yes, that will be a beauty, also waiting for this.

Ira
  • #21,795
  • Jan 13, 2010 1:45am Jan 13, 2010 1:45am
Quoting ira
Hi, did anyone take the beautiful TC U/J trade?
Dear Ira

Nice to see you back. I took this trade with 3%ROE
Plan your trades and trade your plans
  • #21,796
  • Jan 13, 2010 6:31am Jan 13, 2010 6:31am
I have longed eu at 8:00 GMT+1 for its TC signal with 3% risk. I closed them all before 200SMA, 3% ROE
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Plan your trades and trade your plans
  • #21,797
  • Jan 13, 2010 9:56am Jan 13, 2010 9:56am
The trade I did yesterday. Have put my stop at BE overnight and got stopped out at BE. It was a pity as the move was nice and big. But that is part of trading.
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  • #21,798
  • Jan 13, 2010 10:02am Jan 13, 2010 10:02am
I have entered AU's 4h trade 16:00 GMT+1. Because it has resisitanted by the shoulder horizontal line formed from last sHs, even though it didn't form a TC signal at 4h chart, but I like the double tails, it has the same meaning to me compared to TC signal.

I use half profit obtained today which is almost 1.5% risk of my capital to open some short position. Enter at 0.9239 with 32pips sl. I hope price to go to 200sma of 4h chart and I will close some position mannually after some profit obtained. now because it had cracked down during 16:00 GMT+1, I set sl at 0.9263
Attached Image(s) (click to enlarge)
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Plan your trades and trade your plans
  • #21,799
  • Jan 13, 2010 10:09am Jan 13, 2010 10:09am
Quoting Phillip Nel
The trade I did yesterday. Have put my stop at BE overnight and got stopped out at BE. It was a pity as the move was nice and big. But that is part of trading.
Nice to see your post again. Yes, it was really a good trade and of cause it was a pity. I think when price is overcoming resistant or support we had better ignor 5min chart because there have high probablity to stall there and the tight sl may be touched.
Plan your trades and trade your plans
  • #21,800
  • Jan 13, 2010 10:54am Jan 13, 2010 10:54am
Quoting saka
Nice to see your post again. Yes, it was really a good trade and of cause it was a pity. I think when price is overcoming resistant or support we had better ignor 5min chart because there have high probablity to stall there and the tight sl may be touched.
Yes you are right. I could not watch the trade live in the early stages and it went 40+ pips before coming down slowing down at +15 to +25 pips. I did not want to leave the trade overnight so decided to secure at least a breakeven at worst.
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