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4 Hour Strategy (MACD)

  • #23,621
  • Dec 1, 2010 8:13pm Dec 1, 2010 8:13pm
Quoting Borism
I might have different broker then you, so maybe my chart is different. I circled the MACD signal with red( i don't enter a trade if the macd bar is big.., I prefer to enter trades when macd bar is small, which means it can grow
Short GBP :1.5588
tight stoploss at: 1.5608
Hi Boris, may I know where can I get the RSI indicator that you were using in this post?
  • #23,622
  • Dec 1, 2010 8:20pm Dec 1, 2010 8:20pm
Quoting Borism
I might have different broker then you, so maybe my chart is different. I circled the MACD signal with red( i don't enter a trade if the macd bar is big.., I prefer to enter trades when macd bar is small, which means it can grow
Short GBP :1.5588
tight stoploss at: 1.5608
Thank you so much Boris, I've cleared my grid and got the colored MACD, so much easier to spot now

Correct me if I'm wrong; so you only enter when MACD conforms with the trend. And do you place your stops at the EMAs or highs and lows?I see you're using RSI too...how does it help?

Lastly, is it necessary that I change my broker then?I'd hate to know if my price charts had been inaccurate all along. Sorry for asking so much!
  • #23,623
  • Dec 2, 2010 12:22am Dec 2, 2010 12:22am
Quoting wuming79
Hi Boris, may I know where can I get the RSI indicator that you were using in this post?
http://www.forexfactory.com/showthre...4630&page=1573

Regards
Boris
  • #23,624
  • Dec 2, 2010 12:26am Dec 2, 2010 12:26am
Quoting natnimrey
Thank you so much Boris, I've cleared my grid and got the colored MACD, so much easier to spot now

Correct me if I'm wrong; so you only enter when MACD conforms with the trend. And do you place your stops at the EMAs or highs and lows?I see you're using RSI too...how does it help?

Lastly, is it necessary that I change my broker then?I'd hate to know if my price charts had been inaccurate all along. Sorry for asking so much!
Yes, I am still learning also, so I enter when the MACD is with the trend. Stop loss depends, sometimes i use highs and lows, other times it's EMAs...
I use RSI just for the conformation. You don't need to change the broker.. I think that everyone here have different brokers...
Regards
Boris
  • #23,625
  • Dec 2, 2010 1:24am Dec 2, 2010 1:24am
Hi Boris,

I downloaded the indicator but it doesn't have the RSI on the bars like yours. How do you make the RSI line on top of the color bars?
  • #23,626
  • Dec 2, 2010 1:52am Dec 2, 2010 1:52am
Quoting wuming79
Hi Boris,

I downloaded the indicator but it doesn't have the RSI on the bars like yours. How do you make the RSI line on top of the color bars?
You can just drag the RSI from custom indicators to the RSI Bars...setting as I can see is 8.

Alright Boris, I'll stick to this broker for now...unless our signals differ far too much
  • #23,627
  • Dec 2, 2010 2:01am Dec 2, 2010 2:01am
Quoting natnimrey
You can just drag the RSI from custom indicators to the RSI Bars...setting as I can see is 8.

Alright Boris, I'll stick to this broker for now...unless our signals differ far too much
How do I drag the RSI out of custom to the RSIbar in MT4? I can't move the RSI line to the RSI bar. HOw did you do it?
  • #23,628
  • Dec 2, 2010 2:27am Dec 2, 2010 2:27am
Quoting ashes
I've had simmilar oversold concerns yesterday with eu ... one never knows
yes, profit banked.
  • #23,629
  • Dec 2, 2010 6:05am Dec 2, 2010 6:05am
Quoting wuming79
How do I drag the RSI out of custom to the RSIbar in MT4? I can't move the RSI line to the RSI bar. HOw did you do it?
In navigator, under indicators, find RSI and just drag and drop.
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Hope this helps...it works for me...
  • #23,630
  • Dec 2, 2010 6:12am Dec 2, 2010 6:12am
this is the first i've used MACD to any extent to trade......looking back it looks great but i've just watched it repaint changing a closed line/candle (2 lines in) from green to red?

I'm using MACD coloured v106 indi.....is this common?
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  • #23,631
  • Dec 2, 2010 6:49am Dec 2, 2010 6:49am
Quoting kraven
this is the first i've used MACD to any extent to trade......looking back it looks great but i've just watched it repaint changing a closed line/candle (2 lines in) from green to red?

I'm using MACD coloured v106 indi.....is this common?
I am using MACD v102, works fine ....
  • #23,632
  • Dec 2, 2010 6:56am Dec 2, 2010 6:56am
Waiting if the $ will close above the resistance. If the 4h bar closes above red line I am going long...
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  • #23,633
  • Dec 2, 2010 7:50am Dec 2, 2010 7:50am
hello Borism

I bought UJ earlier on break of 84.200 (above last candle to bounce off 21ema), was looking to close half at the resistance (84.38) but just closed out at BE on news..

enter short GU at 1.5585 and AJ (looking to take some at 81.00 area)
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  • #23,634
  • Edited 5:34pm Dec 2, 2010 8:00am | Edited 5:34pm
eurusd bounces off tl an passes through 200sma. either daily entry tonight or early entry on 4h if it shows ...

edit:
I guess we can forget about that setup today
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  • #23,635
  • Dec 2, 2010 8:05am Dec 2, 2010 8:05am
Also EJ (took a quick 70pips on GU ....half still running noe BE).
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  • #23,636
  • Dec 2, 2010 8:14am Dec 2, 2010 8:14am
one more for luck.....Going the the other direction now but possibly a CJ sell around purple arrow?
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  • #23,637
  • Dec 2, 2010 8:16pm Dec 2, 2010 8:16pm
Quoting natnimrey
In navigator, under indicators, find RSI and just drag and drop.

Hope this helps...it works for me...
Ooooh!!! Thanks. It works now! :-)
  • #23,638
  • Dec 3, 2010 8:02am Dec 3, 2010 8:02am
hooray for news..........lost -18 on AJ, after taking half on GU (+70) the other half went for BE, the news has just pulled my EJ from -80 to +20 (which i took) and I got in on the CJ as mention which hit TP +60 (89sma).
  • #23,639
  • Dec 3, 2010 11:52am Dec 3, 2010 11:52am
I'm short on EU. Nice short signal.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,640
  • Dec 3, 2010 1:55pm Dec 3, 2010 1:55pm
Pipstert2,
Why are you trading off of the H1 chart instead of the H4?
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