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4 Hour Strategy (MACD)

  • #22,601
  • May 8, 2010 3:48am May 8, 2010 3:48am
Quoting yuan83
o wad exams u taking? trading exams? ha
Exams for my degree. Got trading exams?
  • #22,602
  • May 8, 2010 10:29am May 8, 2010 10:29am
Quoting AlwaysLearn
Exams for my degree. Got trading exams?
Exams for my degree: Pass or Fail

trading exams: Get Rich or Broke
  • #22,603
  • May 9, 2010 2:45pm May 9, 2010 2:45pm
EURUSD 150 pip gap open...interesting...
  • #22,604
  • May 9, 2010 5:39pm May 9, 2010 5:39pm
Quoting AlwaysLearn
Exams for my degree. Got trading exams?
haha no. talking crap
  • #22,605
  • May 9, 2010 6:05pm May 9, 2010 6:05pm
Quoting Palmer
EURUSD 150 pip gap open...interesting...
Missed the chance to trade the gap. The movement is just too fast...
  • #22,606
  • May 9, 2010 6:27pm May 9, 2010 6:27pm
I got in short with the bearish divergence on the 5min...+190 on 4 positions. I let a moving average stop me out when it pulled back.

Not touching the 4hr until that gap is filled or there is definite direction.
Attached Image
  • #22,607
  • May 9, 2010 6:31pm May 9, 2010 6:31pm
Quoting Palmer
I got in short with the bearish divergence on the 5min...+190 on 4 positions. I let a moving average stop me out when it pulled back.

Not touching the 4hr until that gap is filled or there is definite direction.
Good move Palmer. I am too late for the gap. Hence, giving it a miss. I am looking at GBPUSD instead for a TC in H4. By the way, which country are you in? You are still awake at this hour?
  • #22,608
  • May 9, 2010 6:34pm May 9, 2010 6:34pm
US indexes are up huge right now Dow + 200, SP + 25...This pullback might pull the EU up along with it.

Just my 2pips...
  • #22,609
  • May 9, 2010 6:39pm May 9, 2010 6:39pm
Quoting Palmer
US indexes are up huge right now Dow + 200, SP + 25...This pullback might pull the EU up along with it.

Just my 2pips...
Thanks for the info Palmer.
  • #22,610
  • Edited 11:53pm May 9, 2010 11:22pm | Edited 11:53pm
Quoting Palmer
US indexes are up huge right now Dow + 200, SP + 25...This pullback might pull the EU up along with it.

Just my 2pips...
You are right Palmer. All the Asian indexes are in the green today. Dow mini +302 now. However the 1.3000 level is just above so could be a pullback before moving on.
  • #22,611
  • May 10, 2010 1:09am May 10, 2010 1:09am
Oh man.....no entry point with 4 hours....
  • #22,612
  • May 10, 2010 3:27am May 10, 2010 3:27am
I keep waiting for 4h rhythm to establish.
there could have been 1h entries early this morning on eu and 2,5h ago on gu, but I didn't take them.
  • #22,613
  • May 10, 2010 3:37am May 10, 2010 3:37am
Nope, 1hr got no pullback to 21. Or are you looking for TC on 8ma?
4hr momentum in MACD is very strong. I think it will take some time for it to turn...
  • #22,614
  • May 10, 2010 3:40am May 10, 2010 3:40am
Quoting wuming79
Nope, 1hr got no pullback to 21. Or are you looking for TC on 8ma?
4hr momentum in MACD is very strong. I think it will take some time for it to turn...
on 1h gu has had a pullback to 21, eu has had a pullback to 8/89
  • #22,615
  • May 10, 2010 4:39am May 10, 2010 4:39am
Oh man....I didn;t check GBP....looks like it reacts well with the system too.
  • #22,616
  • May 10, 2010 4:51am May 10, 2010 4:51am
The 4 majors have no rhythm right now with the moving averages. The USDJPY looks the worst. 1hr charts do show trends and the EU is pulling back there so there might be an opportunity on that timeframe...lots of volatility...we'll see....
  • #22,617
  • May 10, 2010 4:55am May 10, 2010 4:55am
hmmm...EU bounced right off the 50% Fib...might look for a rebound back to the upside if the 38.2 holds...
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  • #22,618
  • May 10, 2010 4:56am May 10, 2010 4:56am
Is the 1hr's 89ma, 200ma and 365ma suppose to work like 4hr? EURUSD 1hr with shooting star works perfectly here + RT.
  • #22,619
  • May 10, 2010 5:14am May 10, 2010 5:14am
wuming...I hate to say it but yes and no.

Here's the same chart as before but it is a 1hr chart. The rhythm looks really good here on this timeframe. BUT, always a BUT, the 1hr seems to obey the rules of the 4hr rhythm only when the 4hr is trending very very well and price is riding the 8ema. Flip between the 4hr and 1hr when the 4hr is trending well and you'll see it. Watch the price action on the 89sma on the 1hr and see how it reacts there.....
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  • #22,620
  • May 10, 2010 6:32pm May 10, 2010 6:32pm
1st chart is the daily chart. Price on the daily appears to have made a lower high with a large shooting star. From here I'll look for a signal on the 4 hr to go short if the R:R is alright...Maybe a pull back to the 21 MA/1.2848/61% fib.
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