Odds are with a 4hr KISS | Page 13 | Forex Factory

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Odds are with a 4hr KISS

  • #241
  • Aug 14, 2010 2:07pm Aug 14, 2010 2:07pm
211 so EJ setup ..divergence with MACD.. but candle off the ma... still down?
  • #242
  • Aug 14, 2010 2:10pm Aug 14, 2010 2:10pm
Hi Mistersimple,

Can you clarify your question and which EJ chart/post you are refering to so that I can answer your question?

Thank you.

Quoting mistersimple
211 so EJ setup ..divergence with MACD.. but candle off the ma... still down?
  • #243
  • Aug 14, 2010 2:42pm Aug 14, 2010 2:42pm
ok correlation is with eurusd but...
Attached Image (click to enlarge)
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  • #244
  • Aug 14, 2010 2:47pm Aug 14, 2010 2:47pm
well, if I understand you correctly...correlation is NOT only with the eurusd. Since your chart is the EURJPY, you have to look at other EUR pairs AND JPY pairs. If you look at UJ and GJ, you'll those pairs are going up just like EJ. So there is JPY weakness overall...and that weakness is more than the eurusd. Now since the eurusd is weak, as is the gbpusd and audusd...that leads me to believe the USD is strong.

So, we have JPY weakness and USD strentgh...what pair do you think we should trade knowing these two things??? USDJPY right? And that's how I try to use correlation. I hope I have helped answer your question.



Also, if you were going to trade this EJ pair...you don't have a setup just yet. We just got price to make a Higher Low and it looks like the MACD is starting to turn back up...but we need price to close above the 20moving average and then enter on the pullback.
Quoting mistersimple
ok correlation is with eurusd but...
  • #245
  • Aug 14, 2010 2:53pm Aug 14, 2010 2:53pm
ok thanks for your clear answer
  • #246
  • Aug 15, 2010 6:05pm Aug 15, 2010 6:05pm
Tw0eleven,

I'm still in the cable trade. The price came to 2 pips from my TP but i already banked half and my stop loss is above previous high at 1.5684.
I know about divergences but didn't notice the one you pointed out on my chart.
My MACD is different because i'm using the one supplied with MT4. Yours is called NMACD. Can you post it here please?

Cheers.

Quoting Tw0eleven
Hey, I just spotted a couple things on your chart that I wanted to comment on....
  • #247
  • Aug 15, 2010 6:07pm Aug 15, 2010 6:07pm
Are these 1h charts?

Quoting Tw0eleven
Since neither Price Action nor MACD signaled any long trades...why not take the short???
  • #248
  • Aug 15, 2010 6:48pm Aug 15, 2010 6:48pm
Quoting jackdaniel
Tw0eleven,

I'm still in the cable trade. The price came to 2 pips from my TP but i already banked half and my stop loss is above previous high at 1.5684.
I know about divergences but didn't notice the one you pointed out on my chart.
My MACD is different because i'm using the one supplied with MT4. Yours is called NMACD. Can you post it here please?

Cheers.
Hello, this weekend I got to looking at the nmacd I was using the the regular macd you find on MT4 and most other platforms...I have decided that the regular macd is better and therefore took the nmacd off my charts.
To answer your second question, they are 4hr charts!

Goodluck on your Gu trade...it's doing nicely so far.
  • #249
  • Aug 15, 2010 7:23pm Aug 15, 2010 7:23pm
TP hit making me 234 pips ... on demo.
It could've been beginners' luck, so the next few trades will show me whether or not i've learnt this strategy.

Quoting Tw0eleven
Hello, this weekend I got to looking at the nmacd I was using the the regular macd you find on MT4 and most other platforms...I have decided that the regular macd is better and therefore took the nmacd off my charts.
To answer your second question, they are 4hr charts!

Goodluck on your Gu trade...it's doing nicely so far.
  • #250
  • Aug 15, 2010 7:42pm Aug 15, 2010 7:42pm
Maybe you are ready for the big time.

Actually, just following the 4 hr KISS signals pretty much qualifies one for successful trading. I think, with time, this system will wear down the market and triumph.

Just maybe not more than 200 pips! : )

Congratulations, Forest
  • #251
  • Aug 15, 2010 8:00pm Aug 15, 2010 8:00pm
These would have been 5 successful entries according to your strategy, right?
This is USD/JPY 4H time frame.
However I have used 13 EMA instead of 20 LWMA.
What do you think about 13 EMA?
Attached Image (click to enlarge)
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  • #252
  • Aug 15, 2010 11:39pm Aug 15, 2010 11:39pm
Quoting fguru
These would have been 5 successful entries according to your strategy, right?
This is USD/JPY 4H time frame.
However I have used 13 EMA instead of 20 LWMA.
What do you think about 13 EMA?
Hi fguru,

I have not used or tested the 13 ema, so I don't know how successful that would be. Since you are using it, maybe you could tell us how successful it is. More than likely though, I will stay with the 20.

Happy Trading
  • #253
  • Aug 15, 2010 11:42pm Aug 15, 2010 11:42pm
Quoting jackdaniel
TP hit making me 234 pips ... on demo.
It could've been beginners' luck, so the next few trades will show me whether or not i've learnt this strategy.
Nice work! I hope you continue the success! Just remeber, be patient for the proper setups AND most importantly...know when you are trading in a ranging market versus a trending one. There was a nice down trend on the GU, so that definitely helped. If you notice a range forming on whatever pair you trade...I wouldn't look for 200pips profit.
  • #254
  • Aug 16, 2010 10:13am Aug 16, 2010 10:13am
Not much going on with the charts today so far. Possible GU long setup coming, but won't know that until candle close.
  • #255
  • Aug 16, 2010 10:31am Aug 16, 2010 10:31am
Quoting Tw0eleven
Hi fguru,

I have not used or tested the 13 ema, so I don't know how successful that would be. Since you are using it, maybe you could tell us how successful it is. More than likely though, I will stay with the 20.

Happy Trading
Hi Tw0eleven,

to be honest, I havent done many trades yet, but so far it looks nice with 13 EMA. Today I took the USD/JPY trade (pic attached). Entered at 85.90 with TP of 40 pips. It went south for nearly 70 pips (however I was sleeping and therefore put a fixed TP of 40 pips and SL of 40 pips).
Attached Image
  • #256
  • Aug 16, 2010 10:55am Aug 16, 2010 10:55am
Quoting fguru
Hi Tw0eleven,

to be honest, I havent done many trades yet, but so far it looks nice with 13 EMA. Today I took the USD/JPY trade (pic attached). Entered at 85.90 with TP of 40 pips. It went south for nearly 70 pips (however I was sleeping and therefore put a fixed TP of 40 pips and SL of 40 pips).

Hi fguru, nice work and glad that trade worked out for you. I think I would have personally skipped that trade because price was trending up at the time(looks like it might have just broken the trendline)...but there was no Lower High to confirm that was was indeed going to continue down. However, I do see 3 reasons for it to go down. 1) Price closed below your moving average 2) looks like it might have broken the uptrendline to the down side and 3) macd was sloping down...momentum heading down.

So nice work again and happy trading!!!
  • #257
  • Aug 16, 2010 11:09am Aug 16, 2010 11:09am
Time will tell, but this is how I look at setups in real time!
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  • #258
  • Aug 16, 2010 11:16am Aug 16, 2010 11:16am
I am watching this setup as well.
  • #259
  • Aug 16, 2010 11:39am Aug 16, 2010 11:39am
Quoting Tw0eleven
Time will tell, but this is how I look at setups in real time!

OK, I have been seeing what you are seeing.

I am wondering if you would now enter since qualification has happened once price drifts back down to your target price?

I think we were actually qualified as the last 4 hr candle closed. It's now all about entry.

Forest
  • #260
  • Aug 16, 2010 11:54am Aug 16, 2010 11:54am
Quoting Forest-Sea
OK, I have been seeing what you are seeing.

I am wondering if you would now enter since qualification has happened once price drifts back down to your target price?

I think we were actually qualified as the last 4 hr candle closed. It's now all about entry.

Forest
Well, given the fact that there were so many things saying to go long prior to the last candle...yes, you could have went long around 8am EST. However, price didn't close above the 20moving average at that time...so I wouldn't make it a habit of entering too early because bad things can happen if you start doing that. Always make sure you have 3 reasons or more to enter a trade(and make sure they outweight the reasons NOT to enter the trade).

But since I was at work and missed the entry earlier..I have no choice but to wait until price pulls back to the 20 moving average...if I entered here, my Risk would be TOO great! Hope that helps clarify things.
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