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4 Hour Strategy (MACD)

  • #23,901
  • Edited Jan 21, 2011 2:22am Jan 20, 2011 4:12am | Edited Jan 21, 2011 2:22am
eurusd long.
price has come back to previous resistance, now support area and bounced off of it. also bounce off 8/21ema area.
signalcandle is highly emotional and trade goes against daily 89sma and macd divergence.
I have entered the trade despite these facts due to upcoming long volatility.
trade is rsi8 and macd supported.
if daily 89 breaks I expect price to rally further north.
sl=100 pips, 1/2tp=atr21=62 pips, tp=na.

edit:
price dropped by start of us session and almost hit sl.
now it is slightly below entry level, might still set daily 89sma under pressure.

edit:
1/2 tp hit, trade be, waiting for further move up
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h 20.1.11a.gif Size: 14 KB
  • #23,902
  • Jan 20, 2011 5:43am Jan 20, 2011 5:43am
Found this pair is the most interesting major atm. Price is now between 200 & 89 sma, and also currently testing the Daily Res TL (see arrow).
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 25 KB
  • #23,903
  • Jan 20, 2011 10:19am Jan 20, 2011 10:19am
Quoting orangeRANGE
Found this pair is the most interesting major atm. Price is now between 200 & 89 sma, and also currently testing the Daily Res TL (see arrow).
Hi Orange

I have entered this trade yesterday @ .99414 (8:00 long). Right now its +65 pips. I have adjusted the sl at .99690. What would be tp(exit)? Shoud I keep in going to 365daily?

Thanks in advance.
  • #23,904
  • Jan 20, 2011 10:35am Jan 20, 2011 10:35am
Hi!
I am new to idea, however not that new to trading. I noticed three opportunities today,
Short USDCHF 10:00 GMT [loosing one]
Long EURJPY 10:00 GMT [spotted too late to enter :/]
Long EURCHF 14:00 GMT [entered, first TP1 missed by 1 pip, but still in]

I'd love to hear some comments as I didn't see anyone posting these...
here are charts:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf short.gif Size: 17 KB
Click to Enlarge Name: eurjpy long.gif Size: 20 KB
Attached Image
  • #23,905
  • Jan 20, 2011 11:16am Jan 20, 2011 11:16am
EurUsd is just above support, I'm thinking it will fly through it.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #23,906
  • Jan 20, 2011 1:34pm Jan 20, 2011 1:34pm
Quoting Krysztau
Hi!
I am new to idea, however not that new to trading. I noticed three opportunities today,
Short USDCHF 10:00 GMT [loosing one]
Long EURJPY 10:00 GMT [spotted too late to enter :/]
Long EURCHF 14:00 GMT [entered, first TP1 missed by 1 pip, but still in]

I'd love to hear some comments as I didn't see anyone posting these...
here are charts:
I entered EJ at 110.55 (new 4h candle) and exited for +55 (although it's still heading up)

On the UChf i placed a sell order below the last bit of resistance at .9514, it was against the MACD but price was heading there until it's big reversal

and i'm long EU as it bounced off 21ema with a TG of 1.35030

i'm looking for any buy entries off the 21ema for any Euro/ pair regardless of MACD at the moment.
  • #23,907
  • Jan 20, 2011 3:47pm Jan 20, 2011 3:47pm
Quoting orangeRANGE
Found this pair is the most interesting major atm. Price is now between 200 & 89 sma, and also currently testing the Daily Res TL (see arrow).
Hi can someone post the coloured macd indi please ,much appreciated T
  • #23,908
  • Jan 20, 2011 4:45pm Jan 20, 2011 4:45pm
Quoting Tedge UK
Hi can someone post the coloured macd indi please ,much appreciated T
hi,

http://www.forexfactory.com/showpost.php?p=4235972
__Thanks__ MJ
  • #23,909
  • Jan 20, 2011 4:56pm Jan 20, 2011 4:56pm
Quoting nhuda
Hi Orange

I have entered this trade yesterday @ .99414 (8:00 long). Right now its +65 pips. I have adjusted the sl at .99690. What would be tp(exit)? Shoud I keep in going to 365daily?

Thanks in advance.
Sorry for the late reply. I slept early last night. Hope you bank some pips already.
  • #23,910
  • Jan 20, 2011 7:51pm Jan 20, 2011 7:51pm
Quoting orangeRANGE
Sorry for the late reply. I slept early last night. Hope you bank some pips already.
np. sl hit @ .9968 so +28 pips. Are you in for any trades today?

365 H4 not 365daily, my bad.
  • #23,911
  • Jan 20, 2011 8:01pm Jan 20, 2011 8:01pm
Quoting Tedge UK
Hi can someone post the coloured macd indi please ,much appreciated T
Heres a proper MACD, hope it suits.
Attached File(s)
File Type: ex4 MACD Traditional.ex4   8 KB | 658 downloads
  • #23,912
  • Jan 20, 2011 9:30pm Jan 20, 2011 9:30pm
Quoting nhuda
np. sl hit @ .9968 so +28 pips. Are you in for any trades today?

365 H4 not 365daily, my bad.
not yet.
  • #23,913
  • Jan 21, 2011 12:21am Jan 21, 2011 12:21am
Quoting MidnightRun
Try this
Thanks
  • #23,914
  • Jan 21, 2011 6:43am Jan 21, 2011 6:43am
Quoting Tedge UK
Thanks
a bit off topic guys but how do i get my indi onto mt4 with windows 7.I got used to it with the old windows but this is different,sorry for being off beat.T
  • #23,915
  • Jan 21, 2011 7:19am Jan 21, 2011 7:19am
Quoting Tedge UK
a bit off topic guys but how do i get my indi onto mt4 with windows 7.I got used to it with the old windows but this is different,sorry for being off beat.T
Hi, trading software would be installed in "Program Files (x86)" instead of
"Program files"

then you follow same old steps.

good luck
  • #23,916
  • Edited 8:26am Jan 21, 2011 8:01am | Edited 8:26am
Quoting Fibo4x
Hi, trading software would be installed in "Program Files (x86)" instead of
"Program files"

then you follow same old steps.

good luck
THANKS FIBO4X I GET TO programme files (86) but still no joy where am i going wrong grrr

I go to download page,scroll down to MACD COLOURED,RIGHT CLICK EXTRACT ALL, AHH IVE CRACKED IT YIPEEEEEEEEEEEE

Thankyou guys
  • #23,917
  • Jan 21, 2011 3:47pm Jan 21, 2011 3:47pm
Quoting ashes
[...]sl=100 pips, 1/2tp=atr21=62 pips, tp=na.

edit:
price dropped by start of us session and almost hit sl.
now it is slightly below entry level, might still set daily 89sma under pressure.

edit:
1/2 tp hit, trade be, waiting for further move up
edit:
took profit of other half at 2xatr21 = 124 pips

good weekend to everybody
  • #23,918
  • Jan 21, 2011 9:29pm Jan 21, 2011 9:29pm
I shorted USDCHF today, what seemed to me quite unreliable as I am already long in EURCHF, however I got my TP1 at 50 pips profit and now both trades are sitting at BE.
I missed a great opportunity to buy EU today, that would work good as well. I simply woke up to late.

I wonder did any of you considered buying AU today, it played around recent support and broke up range of 5 last 4H candles. For me situation with AU is too unclear to trade...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf short 2.gif Size: 19 KB
Click to Enlarge Name: eurusd long.gif Size: 16 KB
  • #23,919
  • Jan 23, 2011 6:07pm Jan 23, 2011 6:07pm
last week eurusd made it into long territory, breaking 1,3440, upper tl and daily 89sma.
with another resistance ahead at about 1,3700 I'd expect retracement there, the latest.
on 4h I'm looking for correction to freshly drawn tl from 22nd November high to recent higher high, around the daily 89sma. a bounce from here I would take on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu d 23.1.11.gif Size: 15 KB
Click to Enlarge Name: eu 4h 23.1.11.gif Size: 16 KB
  • #23,920
  • Jan 24, 2011 1:13pm Jan 24, 2011 1:13pm
missed eu long 14:00gmt candle, couldn't be at the screen today.
would have been a nice tc bounce of tl/8/21ema area, not supported by macd.
by now 1/2 tp would have been pocketed, trade be and trying to break 1,3700
more entries to come
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h 24.1.11.gif Size: 13 KB
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