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4 Hour Strategy (MACD)

  • #23,401
  • Oct 12, 2010 3:22am Oct 12, 2010 3:22am
EU gave a TC signal, the trendline was broken. I will wait it breaks the 1.3800 to enter.
Attached Image (click to enlarge)
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  • #23,402
  • Oct 12, 2010 5:25am Oct 12, 2010 5:25am
don't want to say this will not work, but few things need to be taken
1. long term trend up
2. around level where you shorted is support (at least short term)
3. on daily -8 ema
  • #23,403
  • Oct 12, 2010 5:32am Oct 12, 2010 5:32am
Hi Alfred, are you trading with Philip's 4hr system?
  • #23,404
  • Oct 12, 2010 5:41am Oct 12, 2010 5:41am
I did, but this days not so often,
  • #23,405
  • Oct 12, 2010 5:48am Oct 12, 2010 5:48am
this method has to be well understood, not only macd signals has to be taken but overall circumstances
if you allow yourself trade only macd signals, you will lose more than likely
  • #23,406
  • Oct 12, 2010 8:01am Oct 12, 2010 8:01am
Quoting alfred
this method has to be well understood, not only macd signals has to be taken but overall circumstances
if you allow yourself trade only macd signals, you will lose more than likely
This trade was made by one of the most important rules of this system. When price breaks 21 it retests it and goes to 89. If I had this signal I also would have taken it.
  • #23,407
  • Oct 12, 2010 8:02am Oct 12, 2010 8:02am
Quoting March2011
EU gave a TC signal, the trendline was broken. I will wait it breaks the 1.3800 to enter.
I hope you put it to breakeven?
  • #23,408
  • Oct 12, 2010 8:04am Oct 12, 2010 8:04am
Quoting ira
I hope you put it to breakeven?
No I let it run, to SL or TP, that's my style .

I believe in the system, I followed the rules.
  • #23,409
  • Oct 12, 2010 9:45am Oct 12, 2010 9:45am
Ira, I think if this is tradeble, should wait for test of 21ema first than if still going south - enter short, at this moment still to early,
there is still strong trend upwards
regards
  • #23,410
  • Oct 12, 2010 7:38pm Oct 12, 2010 7:38pm
Test of 21ma failed. I thought the downtrend will be back...so...what should be the plan now? Wait for test on 21ma again to go long right?
  • #23,411
  • Oct 13, 2010 5:44am Oct 13, 2010 5:44am
Quoting wuming79
Test of 21ma failed. I thought the downtrend will be back...so...what should be the plan now? Wait for test on 21ma again to go long right?
can't talk about down trend while there is strong, obvious, nonnegotiable up trend, at least so far
we go short when is down trend
need to stress this again, method is good until you don't spoil it, this method, proven, working, need to be used properly, period
  • #23,412
  • Oct 14, 2010 3:11am Oct 14, 2010 3:11am
Hello guys
It seemed we are in a strong trend, and market has a good rhythm.
The price hit the low @ 1.3774 and the MACD gave a nice RB.
I entered @ 1.3840 after MACD confirmed the RB.
As I had expected it went up and up, hit the 1.4000.
Another MACD pattern (TC) happened where the price came down near it's 21EMA @ 1.3932, but I couldn't re-enter.
What did You traders do?
I hope You did well.
  • #23,413
  • Oct 14, 2010 10:19am Oct 14, 2010 10:19am
Quoting alfred
can't talk about down trend while there is strong, obvious, nonnegotiable up trend, at least so far
we go short when is down trend
need to stress this again, method is good until you don't spoil it, this method, proven, working, need to be used properly, period
hi, need help here to use it properly. I thought when EUR went under 21ma and when 8ma crossed below 21ma, the trend changed short-term. So I waited for the pullback and shooting star to form but it did not. Am I right to trade this way? I didn't go long before EUR 8MA is below 21MA. But I did long when EUR pullback to 21ma again.
  • #23,414
  • Oct 16, 2010 12:10am Oct 16, 2010 12:10am
Hi everyone,

Yesterday there was a TC on USDCHF, but it was a loss. Is there any warning sign that I did not notice? the signal looks good.
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  • #23,415
  • Oct 16, 2010 4:32am Oct 16, 2010 4:32am
Quoting March2011
Hi everyone,

Yesterday there was a TC on USDCHF, but it was a loss. Is there any warning sign that I did not notice? the signal looks good.

all i can say is, e price really move in ur direction but unfortunately, banks think otherwise. heard BIS shorted on eurusd, prob that resulted in a strengthening of usd. but anw from my chart, if u had entered, it would have being gd enuff for a 1:1 R:R trade? where did u put ur tp to? maybe u shd have at least put to BE when it hit 1 R profit.. in a way e tail told u it hit a support
  • #23,416
  • Oct 16, 2010 2:27pm Oct 16, 2010 2:27pm
How does this system deal with choppy markets... how do you know when its the right time to buy, and avoid the other signals?

Seems like ashes trade here on usd/cad would qualify as a "choppy" market, no? http://www.forexfactory.com/showpost...ostcount=23375

thanks.
  • #23,417
  • Oct 17, 2010 1:28am Oct 17, 2010 1:28am
Quoting big_pipin
How does this system deal with choppy markets... how do you know when its the right time to buy, and avoid the other signals?

Seems like ashes trade here on usd/cad would qualify as a "choppy" market, no? http://www.forexfactory.com/showpost...ostcount=23375

thanks.
In the choppy market we trade out of the channel boarders.
  • #23,418
  • Oct 18, 2010 3:46am Oct 18, 2010 3:46am
Hi guys
It looks like we are at the end of the trend.
It happened as well as philip mentioned in the 4H MACD strategy;
The price came down below 21EMA, then went higher, and then came near 89SMA.
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  • #23,419
  • Oct 19, 2010 12:52am Oct 19, 2010 12:52am
Quoting khashaYaR
Hi guys
It looks like we are at the end of the trend.
It happened as well as philip mentioned in the 4H MACD strategy;
The price came down below 21EMA, then went higher, and then came near 89SMA.
hi khashaYaR,

I agree, that's why I went short on eurusd and gbpusd, long on usdcad last night. I assume that the 89 will get tested again and may not hold. http://www.forexfactory.com/showpost...postcount=8455
  • #23,420
  • Oct 19, 2010 6:43am Oct 19, 2010 6:43am
Quoting ashes
hi khashaYaR,

I agree, that's why I went short on eurusd and gbpusd, long on usdcad last night. I assume that the 89 will get tested again and may not hold. http://www.forexfactory.com/showpost...postcount=8455
Yeah, but maybe I wait until a new trend.
This trend gave me lots of pips, although as you know one third of my positions are still open; sl below 89SMA.
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