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4 Hour Strategy (MACD)

  • #23,061
  • Jun 20, 2010 8:47pm Jun 20, 2010 8:47pm
A U.S. Naval battle group of 11 vessels led by the aircraft carrier USS Truman was allowed to use the Suez Canal en route to the Red Sea in what many view as a prelude to a possible showdown with Iran.
per Forex.com on the news portion of my trading platform
  • #23,062
  • Jun 21, 2010 1:26am Jun 21, 2010 1:26am
Who knows, is it a holiday today? I don't see any news today.
  • #23,063
  • Jun 21, 2010 1:52am Jun 21, 2010 1:52am
Quoting ira
Who knows, is it a holiday today? I don't see any news today.
midsummer?
  • #23,064
  • Jun 21, 2010 1:56am Jun 21, 2010 1:56am
Quoting Noname
A U.S. Naval battle group of 11 vessels led by the aircraft carrier USS Truman was allowed to use the Suez Canal en route to the Red Sea in what many view as a prelude to a possible showdown with Iran.
per Forex.com on the news portion of my trading platform
interesting indeed. I've found some articles about it searching "USS Truman Suez Canal". thank you for sharing
  • #23,065
  • Jun 21, 2010 2:13pm Jun 21, 2010 2:13pm
it looks like eurusd and gbpusd are at end of cycle. I expect a further move short after a correction to 21/8ema, so we may get an entry in about 10h
  • #23,066
  • Edited 3:24pm Jun 21, 2010 3:04pm | Edited 3:24pm
did anybody get the move up from the .50 to the -1.50 and now is headed back down to possible the.50 again kinda like ping pong


now price has reversed from the -1.50 and is headed back down. I am wamdering if this is going to be a ping pong move just bouncing between the two fib's.
My A/B boundries are up A/B: A @ 1.4603 B @ 1.4790

is anybody getting a piece of this

all on the hourly
  • #23,067
  • Edited 5:23pm Jun 21, 2010 4:46pm | Edited 5:23pm
@Noname, I have been trading a bounce off the upper tl on gbpusd today, short@1,4911. trade currently well in positive but I count on further short move. I've got a fairly large profit expectation on this one if it manages to break the lower tl.
I haven't posted this trade here since it isn't a marketrhythm trade.
  • #23,068
  • Edited 6:07pm Jun 21, 2010 5:57pm | Edited 6:07pm
Quoting ashes
I have been trading a bounce off the upper tl on gbpusd today, short@1,4911. trade currently well in positive but I count on further short move. I've got a fairly large profit expectation on this one if it manages to break the lower tl.
I haven't posted this trade here since it isn't a marketrhythm trade.
WOW, you did well Ashes. I traded GU and GJ too but closed to go to sleep. Here is my view on GU. On the 4 hr chart, price bounced off the long term trendline, the 50% fib and the 365 SMA. On the 1 hr, it is moving within a channel. If it does break the lower trendline then it will be a big move - worth being in.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4hr.gif Size: 26 KB
Click to Enlarge Name: gu1hr.gif Size: 23 KB
  • #23,069
  • Edited 6:17pm Jun 21, 2010 6:05pm | Edited 6:17pm
Quoting Noname
did anybody get the move up from the .50 to the -1.50 and now is headed back down to possible the.50 again kinda like ping pong


now price has reversed from the -1.50 and is headed back down. I am wamdering if this is going to be a ping pong move just bouncing between the two fib's.
My A/B boundries are up A/B: A @ 1.4603 B @ 1.4790

is anybody getting a piece of this

all on the hourly
Chances are that it will move within the channel between the fibs. Could you post a chart as I am not clear on where your boundaries are ?
  • #23,070
  • Edited 10:57pm Jun 21, 2010 10:20pm | Edited 10:57pm
Quoting xeneric
WOW, you did well Ashes. I traded GU and GJ too but closed to go to sleep. Here is my view on GU. On the 4 hr chart, price bounced off the long term trendline, the 50% fib and the 365 SMA. On the 1 hr, it is moving within a channel. If it does break the lower trendline then it will be a big move - worth being in.
On the other hand, the DAILY chart has a bearish engulfing candle off the long term trendline and 50% fib. Since the DAILY has precedence over the
1 hr, I wouldn't be surprised if the 1 hr trendline got broken and it was a big move just as Ashes predicted.

With the FOMC rate decision tomorrow, it is hard to predict what will happen
Phil warns us against trading around major news events like this so if in doubt, we should stay out.
Attached Image (click to enlarge)
Click to Enlarge Name: gud1.gif Size: 17 KB
  • #23,071
  • Edited Jun 22, 2010 1:34am Jun 21, 2010 11:41pm | Edited Jun 22, 2010 1:34am
Shorted EURUSD at 12321 with 50 pips sl. Let see how it develop from here...

The tail in H4 looks scary. Set sl to be and hope it will not get triggered…
  • #23,072
  • Edited Jun 22, 2010 1:35am Jun 21, 2010 11:46pm | Edited Jun 22, 2010 1:35am
Quoting silverfox88
Shorted EURUSD at 12321 with 50 pips sl. Let see how it develop from here...
Please include chart and brief explanation of reasons. New traders should always post charts with their calls.
  • #23,073
  • Jun 22, 2010 12:07am Jun 22, 2010 12:07am
Quoting silverfox88
Shorted EURUSD at 12321 with 50 pips sl. Let see how it develop from here...
I have been inclined to short eu at candle close too.
price has broken through tl and passed 8/21ema. then came back to tl and ma's and bounced off of them.
but finally I decided not to do so, being concerned about possible sideway move or a correction of yesterdays 150pip short move.
although todays news expectations are in favor of a short ....
good luck to your trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h 22.6.10.gif Size: 13 KB
  • #23,074
  • Jun 22, 2010 12:40am Jun 22, 2010 12:40am
Quoting xeneric
WOW, you did well Ashes. I traded GU and GJ too but closed to go to sleep. Here is my view on GU. On the 4 hr chart, price bounced off the long term trendline, the 50% fib and the 365 SMA. On the 1 hr, it is moving within a channel. If it does break the lower trendline then it will be a big move - worth being in.
thank you for your supportive analysis, Xeneric. I'm waiting for the channel to break . also curious what the fomc will move on wed ....
  • #23,075
  • Jun 22, 2010 1:18am Jun 22, 2010 1:18am
Quoting xeneric
Please include chart and brief explanation of reasons.
Hi Xeneric,

Now in office working and not convenience posting chart J maybe you can post on my behalf. What I notice is price has broken uptrend line + EMA21 + SMA200 and my guess is it’s heading towards SMA89 now. Let’s see if I am correct J
  • #23,076
  • Jun 22, 2010 1:19am Jun 22, 2010 1:19am
Quoting ashes
I have been inclined to short eu at candle close too.
price has broken through tl and passed 8/21ema. then came back to tl and ma's and bounced off of them.
but finally I decided not to do so, being concerned about possible sideway move or a correction of yesterdays 150pip short move.
although todays news expectations are in favor of a short ....
good luck to your trade.
Thanks Ashes. My guess is price will move down when europe market open......
  • #23,077
  • Jun 22, 2010 1:37am Jun 22, 2010 1:37am
Quoting silverfox88
Hi Xeneric,

Now in office working and not convenience posting chart J maybe you can post on my behalf. What I notice is price has broken uptrend line + EMA21 + SMA200 and my guess is it’s heading towards SMA89 now. Let’s see if I am correct J
OK, but you should always include reasons with your trades and mention that you can't post charts because you are at work.
  • #23,078
  • Jun 22, 2010 2:06am Jun 22, 2010 2:06am
Quoting xeneric
OK, but you should always include reasons with your trades and mention that you can't post charts because you are at work.
Noted.

Set sl to be and got triggered. Looks like some buying is happening now L
  • #23,079
  • Edited 9:02am Jun 22, 2010 4:04am | Edited 9:02am
shorting cad at candle close, @1,0215 r=55

trading the bounce off the upper tl, candle closed below 21/8ema

edit:
0,5r reached, setting sl to be

edit:
and sl be again ....
Attached Image (click to enlarge)
Click to Enlarge Name: cad 4h 22.6.10.gif Size: 13 KB
  • #23,080
  • Jun 22, 2010 4:10am Jun 22, 2010 4:10am
Quoting silverfox88
Noted.

Set sl to be and got triggered. Looks like some buying is happening now L
Sorry you got stopped out. Looks like you were going in the right direction.
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