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4 Hour Strategy (MACD)

  • #24,581
  • Sep 6, 2011 5:26am Sep 6, 2011 5:26am
made 93pips today GBPUSD.

Reason why I take the trade:
1, Gap wasn't filled completely - monday
2, Price was too far (over 170pips) from the trend line
3, Forming Regular bull divergence - macd colored - see picture.
4, Gap was at price level 1.62, 100pips far from actual price (before enter into trade)

Open the trade with RR 1:1 (my against trend rule is rr1:1), but EA had problem with closing the trade ->some time happend at FxPro, server lose connection and so...but ea finaly close the tade almost RR 1:2. Actually I scalped the GBPUSD, but I'm not scalper, coincidence.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen.gif Size: 53 KB
  • #24,582
  • Edited 7:53am Sep 6, 2011 6:40am | Edited 7:53am
lost of 60 pips!

08:51 I surely did not expect a spark like that in this pair!
Yvon
  • #24,583
  • Edited 6:55am Sep 6, 2011 6:55am | Edited 6:55am
here is the chart...
Attached File(s)
File Type: doc 110905EURUSD3.doc   163 KB | 283 downloads
Yvon
  • #24,584
  • Sep 6, 2011 6:58am Sep 6, 2011 6:58am
Quoting Deathless
made 93pips today GBPUSD.

Reason why I take the trade:
1, Gap wasn't filled completely - monday
2, Price was too far (over 170pips) from the trend line
3, Forming Regular bull divergence - macd colored - see picture.
4, Gap was at price level 1.62, 100pips far from actual price (before enter into trade)

Open the trade with RR 1:1 (my against trend rule is rr1:1), but EA had problem with closing the trade ->some time happend at FxPro, server lose connection and so...but ea finaly close the tade almost RR 1:2. Actually I scalped the...
----that is a good trade!
Yvon
  • #24,585
  • Sep 6, 2011 11:46am Sep 6, 2011 11:46am
after that spike, I took the opportunity to grab 38 pips. on the 15min chart, still going short.
Attached File(s)
File Type: doc 110906EURUSD.doc   287 KB | 312 downloads
Yvon
  • #24,586
  • Sep 6, 2011 12:20pm Sep 6, 2011 12:20pm
still under the 89sma, after that spike, I did re-enter and got back in the trade, nothing is change...going down...
gain 170 pips.
Attached File(s)
File Type: doc 110906EURUS3.doc   305 KB | 339 downloads
Yvon
  • #24,587
  • Sep 7, 2011 2:35pm Sep 7, 2011 2:35pm
Feels like audusd is going to make some major move after 6:30pm (pacific time) AUD news.

Double bottoms forms on MA89, neckline has been broken already.

If the news turns out to be negative, I figure AUDUSD will fill the gap and then move downward; otherwise AUD may go testing the recent high again.

Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 34 KB
  • #24,588
  • Sep 8, 2011 12:12pm Sep 8, 2011 12:12pm
bending the rules: LOST 130 PIPS.
Attached File(s)
File Type: doc 110907EURUSD.doc   151 KB | 331 downloads
Yvon
  • #24,589
  • Sep 8, 2011 12:48pm Sep 8, 2011 12:48pm
on the pullback to the 21ema and on a TC
214 pips gain.
Attached File(s)
File Type: doc 110908EURUSD.doc   158 KB | 336 downloads
Yvon
  • #24,590
  • Sep 8, 2011 3:07pm Sep 8, 2011 3:07pm
Quoting trademin
on the pullback to the 21ema and on a TC
214 pips gain.
Good Jobs.

May I ask how much are the stop losses for these trades and what is the max stop loss you usually set ?

Also, if you care to answer,
EURUSD has been oversold for a long time, what are the reasons (technical analysis related) that keep you shorting this pair even after a huge loss?

Thanks

David
  • #24,591
  • Edited Sep 9, 2011 6:56am Sep 8, 2011 9:18pm | Edited Sep 9, 2011 6:56am
Risky trade, long EUR/USD at 1.3924 with SL at 3863 and TP 4095. Will post later

Bummer, but knew it was a risky trade so minimal % of capital lost
  • #24,592
  • Sep 8, 2011 11:22pm Sep 8, 2011 11:22pm
Quoting davidwu61
Good Jobs.

May I ask how much are the stop losses for these trades and what is the max stop loss you usually set ?

Also, if you care to answer,
EURUSD has been oversold for a long time, what are the reasons (technical analysis related) that keep you shorting this pair even after a huge loss?

Thanks

David
there is my answer to your questions, factors all together.
Attached File(s)
File Type: doc David.doc   1.2 MB | 420 downloads
Yvon
  • #24,593
  • Edited 10:31am Sep 9, 2011 8:45am | Edited 10:31am
Short again this morning, aiming at 1.3660 aprox.

09:54 SL moved to 1.3745,securing 100pips aprox.
11:03 SL moved to 1.3728, securing 140 pips aprox.
11:14 1.3714 175pips aprox.
11:21 1.3705 185 pips aprox
11:26 1.3676 245 pips aprox
11.28 out of trade 246pips gain
Attached File(s)
File Type: doc 110909EURUSD.doc   1,020 KB | 340 downloads
Yvon
  • #24,594
  • Edited 11:24am Sep 9, 2011 11:22am | Edited 11:24am
GBP short at 5897. Will take % of profit at 5805 and let the rest run. Trademin...good going. EUR looks like it's in the 3rd wave of a 3rd wave (Elliott wave theory) so I would expect things to contin to go down
Raymond
  • #24,595
  • Sep 9, 2011 12:41pm Sep 9, 2011 12:41pm
Quoting Morelands
GBP short at 5897. Will take % of profit at 5805 and let the rest run. Trademin...good going. EUR looks like it's in the 3rd wave of a 3rd wave (Elliott wave theory) so I would expect things to contin to go down
Raymond

Raymond, can I ask where did you place your SL?
  • #24,596
  • Sep 9, 2011 4:01pm Sep 9, 2011 4:01pm
Quoting glacier
Raymond, can I ask where did you place your SL?
My SL is 6025 but will probably be adjusted base on price action. I took 1/2 off the table for the wk-end. 40 pips in the pocket and the rest will sit until Mon.
Raymond
  • #24,597
  • Sep 10, 2011 12:10pm Sep 10, 2011 12:10pm
Trade and video added to journal
Phillip

http://www.forexfactory.com/showthre...56#post4944256
  • #24,598
  • Sep 10, 2011 12:28pm Sep 10, 2011 12:28pm
Quoting Phillip Nel
Trade and video added to journal
Phillip

http://www.forexfactory.com/showthre...56#post4944256
hello,my friend. long time no see .what are you busying with ? hope you everything is ok .give my best wishes to you .
A chart helps those who can read it.
  • #24,599
  • Sep 10, 2011 1:02pm Sep 10, 2011 1:02pm
Quoting geniusztc
hello,my friend. long time no see .what are you busying with ? hope you everything is ok .give my best wishes to you .
Have been busy the last month. Hopefully it will calm down now. Had some houseplans to draw.
  • #24,600
  • Sep 10, 2011 1:17pm Sep 10, 2011 1:17pm
Quoting Phillip Nel
Have been busy the last month. Hopefully it will calm down now. Had some houseplans to draw.
hey ,Phillip. i am confused with the MACD indicator .do you ever change the parameter about slow and fast ema or it is always 22 10 ???

and i always think that the MACD and the MAs on main chart are from the same thing .i use the 10 21 365 ema on main chart ,then i use MACD with 10 22 ,doesn't it repeat ? thank you
A chart helps those who can read it.
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