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4 Hour Strategy (MACD)

  • #23,801
  • Jan 5, 2011 8:39am Jan 5, 2011 8:39am
wow, the ADP Non-Farm Employment Change has really pulled eurusd down, made it cross 89sma without hesitation.
I expect stalling at daily 200sma / lower tl and maybe an entry signal to carefully try to profit from positive NFP expectation on friday.
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  • #23,802
  • Jan 5, 2011 2:28pm Jan 5, 2011 2:28pm
Quoting M_j
hi all,

just a short question. Does anyone of you exclusively trade this strategy ( 4 Hour Strategy (MACD) )?

If so - would you mind sharing for how long.
Hello MJ, I have been trading this method for about 3 weeks, and and practiced it continually.

If you are going to try this system, I suggest you papertrade for about 3 months, or 50 or more trades, as Phillip Nel has said.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,803
  • Jan 5, 2011 5:11pm Jan 5, 2011 5:11pm
Quoting pipstert2
Hello MJ, I have been trading this method for about 3 weeks, and and practiced it continually.

If you are going to try this system, I suggest you papertrade for about 3 months, or 50 or more trades, as Phillip Nel has said.
And is it going well?

Cheers
  • #23,804
  • Jan 5, 2011 8:49pm Jan 5, 2011 8:49pm
Very!

Thanks to Phillip, I have learned the Market Rhythem, and I think I am beggining to really get the hang of this great system, although I WILL NOT trade live until 3-4 months papertrading.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,805
  • Edited 9:30am Jan 6, 2011 1:16am | Edited 9:30am
Went long on NZDUSD,
reason, hit trendline and formation of round top on 4h
TP: 8 EMA

TP hit at 30 pip
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  • #23,806
  • Jan 6, 2011 10:18am Jan 6, 2011 10:18am
eurusd has taken off. it hasn't been stalling enough around daily 200sma / lower tl as to offer an entry opportunity. also on 1h I couldn't get in today, because the relevant signalcandle (14h gmt) closed above lower tl.
since I won't position myself for nfp the same day, I think I can already call it a week.
next week looks bearish to me
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  • #23,807
  • Jan 6, 2011 11:26am Jan 6, 2011 11:26am
Aud went through 89, looking for pullback to 21, then I think it will continue trend.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,808
  • Jan 7, 2011 1:08am Jan 7, 2011 1:08am
Quoting Phillip Nel
Info
Hi Philip. Thank You again for the videos. These are always helpful. But, I think it's need to talk more about this new eventual trend, in the formation. I'll post more comments to share.
  • #23,809
  • Jan 7, 2011 2:39am Jan 7, 2011 2:39am
Quoting pipstert2
Hello MJ, I have been trading this method for about 3 weeks, and and practiced it continually.

If you are going to try this system, I suggest you papertrade for about 3 months, or 50 or more trades, as Phillip Nel has said.

pipstert2, Thanks for your feedback.
__Thanks__ MJ
  • #23,810
  • Jan 7, 2011 10:56am Jan 7, 2011 10:56am
Quoting pipstert2
Aud went through 89, looking for pullback to 21, then I think it will continue trend.
Did exactly what I expected, except, took a little time. Hit 200, then went to 21.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,811
  • Jan 7, 2011 11:30am Jan 7, 2011 11:30am
Eur is hitting a MAJOR TRENDLINE on 4hr.
Looking long, as the MACD signal is a TC.

I'm think it will retrace to the 21, as it has fallen ever since it flew throgh 89.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,812
  • Jan 9, 2011 6:23am Jan 9, 2011 6:23am
last week eurusd just dropped. it went through any possible support without hesitation and without possibility to enter. of course, just by indicator there had been signals but they did not correspond with the chart itself, since the price had such a strong pace.

currently the price has broken lower tl and daily 200sma and has also penetrated the previous low 1,2968. classically I would expect a corrective move by monday, and by tuesday a tc to pick up the downtrend.
there is a possibility for the price to reach the low of August 2010 at 1,2587 during the next week.

on 4h chart, price has not left the downchannel during its drop. I will start getting alerted when it does so.
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  • #23,813
  • Edited 11:28pm Jan 9, 2011 10:29am | Edited 11:28pm
Quoting ashes
last week eurusd just dropped. it went through any possible support without...
It is still to early to say how low EU can go next week though...

Price has reached the psycho level @ 1.2900ish...it is either temporary stall at this area, or rebounce to 1.2968/1.3019 area, or keep on falling.

MACD shows HL behaviour atm, so all we can do now is to wait a good PA around MA for a TC down trend.

Good luck buddy. Cheers...
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  • #23,814
  • Jan 9, 2011 11:38pm Jan 9, 2011 11:38pm
Long @ 0.9936 with 36pips SL/TP.

Price close flat around 0.9915 fast few days but macd showing divergence in both H4 & Daily.
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  • #23,815
  • Jan 10, 2011 6:00am Jan 10, 2011 6:00am
Quoting orangeRANGE
Long @ 0.9936 with 36pips SL/TP.

Price close flat around 0.9915 fast few days but macd showing divergence in both H4 & Daily.
Bank in 36pips from this pair today. Canadian news will out in less than 2hrs now so I will stay out of the trade atm & look for other pairs.
  • #23,816
  • Jan 10, 2011 7:13am Jan 10, 2011 7:13am
Price should break the weekly resistance TL as the PA is going vice versa against the MACD.

But atm it seems the Daily MACD is halfway of RT pattern, so we might see a ranging period for this pair (I could be wrong).

If possible I am looking for a good LONG entry around 89sma of H4 this week. For now, I am favouring SHORT for UCHF.
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  • #23,817
  • Jan 10, 2011 8:54am Jan 10, 2011 8:54am
Quoting orangeRANGE
Price should break the weekly resistance TL as the PA is going vice versa against the MACD.

But atm it seems the Daily MACD is halfway of RT pattern, so we might see a ranging period for this pair (I could be wrong).

If possible I am looking for a good LONG entry around 89sma of H4 this week. For now, I am favouring SHORT for UCHF.
Anything can happened in fx. Looks like I have to make a little change in my plan now
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  • #23,818
  • Jan 10, 2011 9:20am Jan 10, 2011 9:20am
Also,

Please don't forget to watch the monthly PA against MACD for this pair. There will be a big (I mean really BIG) reversal this year...
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  • #23,819
  • Jan 10, 2011 10:33am Jan 10, 2011 10:33am
I agree with orangeRANGE, i think that the market is very unpredictable now. At the moment I am watching on AUDUSD, waiting for a divergence and a possible entry long towards 21... will see....
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  • #23,820
  • Jan 10, 2011 11:30am Jan 10, 2011 11:30am
Quoting orangeRANGE
It is still to early to say how low EU can go next week though...

Price has reached the psycho level @ 1.2900ish...it is either temporary stall at this area, or rebounce to 1.2968/1.3019 area, or keep on falling.

MACD shows HL behaviour atm, so all we can do now is to wait a good PA around MA for a TC down trend.

Good luck buddy. Cheers...
Wow...nice rebounce towards 21ema atm but the price is currently testing the previous TL (see arrow).

Could be TC down side from this point but still tricky to enter here. Price is still a bit away from 21ema. No good.
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