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4 Hour Strategy (MACD)

  • #23,941
  • Jan 30, 2011 5:06pm Jan 30, 2011 5:06pm
Quoting ashes
@Raymond, good luck with your gbpusd trade. there should be a good chance for it to work out
thanks
  • #23,942
  • Jan 31, 2011 3:14pm Jan 31, 2011 3:14pm
I lost -10 pips on that trade. Price did not break the lower trend line, where I took 1/3 of my profit. I exited the other 2/3 at a loss, but not too bad considering what happened today.
Attached Image (click to enlarge)
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  • #23,943
  • Jan 31, 2011 11:08pm Jan 31, 2011 11:08pm
Hello philip and guys.
As You see the attached pic, it seemed we have a trend and rhythm.
I think point no 1 was entry point as I entered there.
You see the price bounced the 21 EMA and MACD confirmed it with BoZ.
in the 2nd point I entered again. again bounced the 21EMA and MACD confirmation.
But in the 3rd point, there is no MACD confirmation anymore. Also You see the "DIVERGANCE".
after that 21EMA brokes!
What do You think about the 4th point? Is the TREND finished? or is it continued by 89SMA support?
Thanks.
Attached File(s)
File Type: zip jan2011.zip   34 KB | 361 downloads
  • #23,944
  • Feb 1, 2011 5:34am Feb 1, 2011 5:34am
Quoting khashaYaR
Hello philip and guys.
As You see the attached pic, it seemed we have a trend and rhythm.
I think point no 1 was entry point as I entered there.
You see the price bounced the 21 EMA and MACD confirmed it with BoZ.
in the 2nd point I entered again. again bounced the 21EMA and MACD confirmation.
But in the 3rd point, there is no MACD confirmation anymore. Also You see the "DIVERGANCE".
after that 21EMA brokes!
What do You think about the 4th point? Is the TREND finished? or is it continued by 89SMA support?
Thanks.
Hi khashaYaR,

I wait for a strong Price action and divergence to go short, but if price breaks above the recent high it might go higher.
  • #23,945
  • Feb 1, 2011 6:04am Feb 1, 2011 6:04am
rR = 50pips.

Decision is based on H1 TF (macd vice versa direction against PA) & price supported @ 89sma of H4 for the last 20 hours. Hope this trade work well.

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
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  • #23,946
  • Feb 1, 2011 8:54am Feb 1, 2011 8:54am
eurusd currently stalls at last high resistance at around 1,3755, as 1h charts shows nicely.
if price is going to make it through I may enter a bounce of 21 above that number on 4h.
Attached Image (click to enlarge)
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  • #23,947
  • Feb 1, 2011 11:17pm Feb 1, 2011 11:17pm
Quoting orangeRANGE
rR = 50pips.

Decision is based on H1 TF (macd vice versa direction against PA) & price supported @ 89sma of H4 for the last 20 hours. Hope this trade work well.

Comments/questions are most welcome.
Closing my trade with +18pips.
  • #23,948
  • Feb 2, 2011 3:57am Feb 2, 2011 3:57am
H4
Price still supported @ 0.9336

H1
Looking for a breakout here from this temporary res TL(see line).
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  • #23,949
  • Feb 2, 2011 4:11am Feb 2, 2011 4:11am
Quoting orangeRANGE
H4
Price still supported @ 0.9336

H1
Looking for a breakout here from this temporary res TL(see line).
Orange,
I have asked this question several times, and no one answered: in the MACD section of the chart I see figures - minus 8, minus 4, etc. What do these figures mean? How many points the current bar is shorter/longer than the previous bar, or is it something else?
Thank you
  • #23,950
  • Feb 2, 2011 4:23am Feb 2, 2011 4:23am
Quoting MidnightRun
Orange,
I have asked this question several times, and no one answered: in the MACD section of the chart I see figures - minus 8, minus 4, etc. What do these figures mean? How many points the current bar is shorter/longer than the previous bar, or is it something else?
Thank you
Mrun,

TBH with you, I myself never bother that figure & I don't know about that as well. It does not help me that much in my analysis. Perhaps, you can e-mail Master Phillip to get the answer. PA is the most important in my analysis.

On the side note, UCAD (H4) made quite a big gap (see ellipse). I am expecting a pullback towards 8ema (at least). H1 macd vs PA also showing sign of reversal. Should it bounce, it need to break above the intraday res level (see line).

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
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  • #23,951
  • Feb 2, 2011 6:13am Feb 2, 2011 6:13am
Quoting orangeRANGE;4364433On the side note, UCAD (H4) made quite a big gap (see [B
ellipse[/b]). I am expecting a pullback towards 8ema (at least). H1 macd vs PA also showing sign of reversal. Should it bounce, it need to break above the intraday res level (see line).

Comments/questions are most welcome.
rR = 30pips.

Reason for taking the trade: MORNING STAR of previous H4 candle (see arrow). Also, previous H1 break above res level (see line).

Let's see if this CT trade works well or not. Comments/questions are most welcome...
Attached Image(s) (click to enlarge)
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  • #23,952
  • Feb 2, 2011 10:46am Feb 2, 2011 10:46am
Quoting orangeRANGE
rR = 30pips.

Reason for taking the trade: MORNING STAR of previous H4 candle (see arrow). Also, previous H1 break above res level (see line).

Let's see if this CT trade works well or not. Comments/questions are most welcome...
Stopped out...
  • #23,953
  • Edited Feb 3, 2011 2:14pm Feb 2, 2011 4:12pm | Edited Feb 3, 2011 2:14pm
long eurusd, bounce off 21ema, not supported by macd.
r=70, 1/2tp=atr21=52, tp=104

edit: ecb didn't like my tradingplan ... sl got hit
Attached Image (click to enlarge)
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  • #23,954
  • Feb 2, 2011 7:32pm Feb 2, 2011 7:32pm
Quoting ashes
long eurusd, bounce off 21ema, not supported by macd.
r=70, 1/2tp=atr21=52, tp=104
Ashes,
What do you need the trend CCI indicator for? Basically, it seems to give the same (more or less) indications as MACD.If it serves some useful purpose, could you describe it in just a couple of words (how you use it). I read what Woodies has to say about it (and he developed it actually, as far as I know), but still I find it hardly useful (though Woodies input values are different from what you have) - his are 14 and 6.
Thank you
  • #23,955
  • Feb 2, 2011 10:15pm Feb 2, 2011 10:15pm
rR = 30pips

The previous H1 candle break below significant sup level (see line). Let's see if this one works well.

Comments/questions are most welcome.
Attached Image(s) (click to enlarge)
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  • #23,956
  • Feb 3, 2011 2:18pm Feb 3, 2011 2:18pm
Quoting MidnightRun
Ashes,
What do you need the trend CCI indicator for? Basically, it seems to give the same (more or less) indications as MACD.If it serves some useful purpose, could you describe it in just a couple of words (how you use it). I read what Woodies has to say about it (and he developed it actually, as far as I know), but still I find it hardly useful (though Woodies input values are different from what you have) - his are 14 and 6.
Thank you
Hi MidnightRun,
actually I don't need the doublecci ... I just have it on chart because it I have become used to it by a different tradingsystem. I agree, it indicates similar to macd. What it in addition shows is the pricemovement inbetween 89 and 34 sma. where 34 is the signal and 89 the trend indicator. bounces and breaks.
Regards
  • #23,957
  • Feb 6, 2011 4:23pm Feb 6, 2011 4:23pm
on daily price of eurusd made it back to 21ema, 89sma. there is a probability for the price to bounce off of these two supports and merge north again.

4h shows price below 21ema and 89sma but stalls at daily 89sma. it is difficult to say which direction price will take.

but if I get a bounce off 21ema/89sma I will take a short on.
Attached Image(s) (click to enlarge)
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  • #23,958
  • Feb 7, 2011 11:02am Feb 7, 2011 11:02am
It could be anytime now before these 2 pairs will go bullish again. MACD is making HL atm. Hopefully I am right about this. Let's wait & see.
Attached Image(s) (click to enlarge)
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  • #23,959
  • Feb 8, 2011 7:33am Feb 8, 2011 7:33am
Quoting orangeRANGE
It could be anytime now before these 2 pairs will go bullish again. MACD is making HL atm. Hopefully I am right about this. Let's wait & see.
As predicted...they going up today...
  • #23,960
  • Feb 10, 2011 7:34am Feb 10, 2011 7:34am
rR = 25pips using H1 breakout strategy. Also, my previous H4 candle break above 365ema & weekly resistance @ 82.66.

Let's wait & see the result.
Attached Image (click to enlarge)
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