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4 Hour Strategy (MACD)

  • #22,441
  • Apr 29, 2010 3:40pm Apr 29, 2010 3:40pm
Dears
I have noticed about Divergence in MACD and price, Daily and 4H both.
I believe You guys know it already.
These two divergences in both attachments shows us the price will go UP.
Have good Trades

khashaYaR
Attached Image(s) (click to enlarge)
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  • #22,442
  • Apr 29, 2010 4:31pm Apr 29, 2010 4:31pm
Quoting ira
I took a short TC trade on the E/U yesterday. I was aware of the hammer on the daily, but it was from strong resistance 89, 21, Fib level and round number 1.3500. Enough place to put to breakeven. On the chart you can see where my stop was and take profit. It is always feels bad when you were right, but the price takes you out, -82 here. But it is a probability game, so anything can happen.
ira,

Have you tried using MACD (10,22,1) and Stochastic(8,3,3) to confirm entry timing before ? see below, they seem to give more accurate result.

davidwu61

Attached Image (click to enlarge)
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  • #22,443
  • Apr 29, 2010 7:43pm Apr 29, 2010 7:43pm
Quoting khashaYaR
Dears
I have noticed about Divergence in MACD and price, Daily and 4H both.
I believe You guys know it already.
These two divergences in both attachments shows us the price will go UP.
Have good Trades

khashaYaR
I believe that before the price goes up, there will be another small downtrend as in the 4hr, the MACD is giving short signal. Possible t/p at 1.3150 (near previous low), sl at 1.3273 (previous high). However, it is still best to wait for this candle to close to confirm the short signal. EU seems to be waiting for a breakthrough. Have to wait for it.
  • #22,444
  • Apr 29, 2010 8:46pm Apr 29, 2010 8:46pm
Quoting khashaYaR
Dears
I have noticed about Divergence in MACD and price, Daily and 4H both.
I believe You guys know it already.
These two divergences in both attachments shows us the price will go UP.
Have good Trades

khashaYaR
erm i dunno if i m correct, but from wad i know divergence shd be drawn only from 2 adjacent peaks? n not extend so far back?
  • #22,445
  • Apr 29, 2010 8:55pm Apr 29, 2010 8:55pm
Quoting davidwu61
ira,

Have you tried using MACD (10,22,1) and Stochastic(8,3,3) to confirm entry timing before ? see below, they seem to give more accurate result.

davidwu61

Attachment
i will think all parameters have their gd n bad times.
  • #22,446
  • Apr 29, 2010 8:58pm Apr 29, 2010 8:58pm
Quoting ira
I trade 10 pairs, gold and silver, and lately have started to look at the futures. But, don't forget I spent almost 2 years trading ONLY E/U and G/U.

No, I don't plan, it just doesn't work for me. I prefer to trade what I see and not what I think. But again, I did a lot of planning, testing and now I just see things. It is called experience. People always forget that it is the most important thing here. If you drive a car, you must remember how nervous you were at the first, second etc. time. And now when you are driving you don't even think about...
thanks for e insight. is there a max number of trades u will put each time or u will just trade all 10 pairs if they all give signals?
  • #22,447
  • Apr 29, 2010 9:37pm Apr 29, 2010 9:37pm
Quoting khashaYaR
Dears
I have noticed about Divergence in MACD and price, Daily and 4H both.
I believe You guys know it already.
These two divergences in both attachments shows us the price will go UP.
Have good Trades

khashaYaR
In your first chart the divergence is already played out. The macd returns to zero. On the daily this divergence could go on for days or even weeks. Just my opinion.
Gone to a better place
  • #22,448
  • Apr 29, 2010 11:02pm Apr 29, 2010 11:02pm
EU 4hr riding the 21MA line. No trade as no signals given.
  • #22,449
  • Apr 30, 2010 12:01am Apr 30, 2010 12:01am
Quoting AlwaysLearn
EU 4hr riding the 21MA line. No trade as no signals given.
eU looks like a bullish flag? but well i might be wrong
  • #22,450
  • Apr 30, 2010 12:29am Apr 30, 2010 12:29am
Quoting yuan83
eU looks like a bullish flag? but well i might be wrong
Looks like RT forming. But the 8MA line is near. Might bounce off that. EU is meeting resistance at the 1.3250 level. But the bears are unable to push the price down, losing strength with every candle. Might see a bull breakout soon.
  • #22,451
  • Edited 2:11am Apr 30, 2010 12:36am | Edited 2:11am
I am taking a short on EU. It hasn't been able to make it above the 21 EMA or the 50% fib. I am going in ahead of macd signal. This trade is in the direction of the trend.

EDIT : Got stopped out.
Attached Image (click to enlarge)
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  • #22,452
  • Edited 12:52am Apr 30, 2010 12:39am | Edited 12:52am
Quoting xeneric
I am taking a short on EU. It hasn't been able to make it above the 21 EMA or the 50% fib. I am going in ahead of the signal. This trade is in the direction of the trend.
Good luck to you. Hope it works out for you. It's a high-risk trade you are plunging into, jumping the trigger ahead of signal. It will be better if the candle broke the 8MA. Mind sharing your sl and tp levels?
  • #22,453
  • Edited 2:53am Apr 30, 2010 2:40am | Edited 2:53am
Just wanted to point out that today is month end and since it is also a Friday, I am staying out. Have a good weekend.

For those who haven't watched Phil's latest videos for beginners HERE it is.
  • #22,454
  • Apr 30, 2010 3:55am Apr 30, 2010 3:55am
Bull breakout after consolidation. As it is near the weekend, I am staying out of trades.
  • #22,455
  • Apr 30, 2010 4:05am Apr 30, 2010 4:05am
Quoting davidwu61
ira,

Have you tried using MACD (10,22,1) and Stochastic(8,3,3) to confirm entry timing before ? see below, they seem to give more accurate result.

davidwu61

Attachment
Actually, I don't pay attention to MAAD now, or other indicator. I trade mainly on the rhythm.
  • #22,456
  • Apr 30, 2010 4:08am Apr 30, 2010 4:08am
Quoting yuan83
thanks for e insight. is there a max number of trades u will put each time or u will just trade all 10 pairs if they all give signals?
That's what usually happens, if there is a signal it appears on almost all pairs. I choose the best, and no more than two pairs at a time. I try to choose pairs which don't have strong correlation.
  • #22,457
  • Apr 30, 2010 9:33am Apr 30, 2010 9:33am
Dear Friends
I've been trading Gold (long term) as U see.
It's entry is in 1130. My prediction for tp is 1220 and then 1260.
please help me and send your ideas.
Thanks

khashaYaR
Attached Image (click to enlarge)
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  • #22,458
  • Apr 30, 2010 11:33am Apr 30, 2010 11:33am
Quoting ira
Actually, I don't pay attention to MAAD now, or other indicator. I trade mainly on the rhythm.
i must say rhythm is gd. tells a lot, macd prob act more like an entry. anyway just out of curiosity, are u a full time trader?
  • #22,459
  • Apr 30, 2010 11:35am Apr 30, 2010 11:35am
Quoting khashaYaR
Dear Friends
I've been trading Gold (long term) as U see.
It's entry is in 1130. My prediction for tp is 1220 and then 1260.
please help me and send your ideas.
Thanks

khashaYaR
no indicators! tt's tough. ha. maybe there will be resistance at 76 fib
  • #22,460
  • Apr 30, 2010 9:11pm Apr 30, 2010 9:11pm
Quoting yuan83
i must say rhythm is gd. tells a lot, macd prob act more like an entry. anyway just out of curiosity, are u a full time trader?
No, but I mainly work in the afternoon, so I can watch markets in the morning, I can also check 13:00 and 17:00 candles.
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