Hello
anyone caught the eur/usd div on the 4 hour ?
S at 1.2981
anyone caught the eur/usd div on the 4 hour ?
S at 1.2981
4 Hour Strategy (MACD)
- #25,142
- Nov 28, 2012 9:25am Nov 28, 2012 9:25am
Hi Johny,
http://mediacdn.disqus.com/uploads/m...4/original.jpg
I think this the GBPUSD chart you mean. A very good set up indeed
The price already broke above 200SMA. In the daily chart, the MACD just formed zero break pattern, therefore we see big candle.
The daily chart is to be used together with 4H timeframe to create a better filter.
Trade well
Yes that was the one I was talking about it came off nicely in the end. The Eur/Usd looks like its on it's way down at the moment in the 4 hour so I guess it's just a question of waiting to see if a nice TC forms off of the 21ema onto the 89.
I wonder if you can help as well, a few other have asked about the MACD indicator used, I trade on marketscope 2.0 and the lowest setting you can have is 5,13,2 not 5,13,1. Do you by any chance know of a suitable MACD indicator with colouring etc compatible with marketscope 2.0?
Thanks again
- #25,148
- Dec 10, 2012 6:46am Dec 10, 2012 6:46am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Be like water.
- #25,151
- Edited 5:00am Dec 12, 2012 2:10am | Edited 5:00am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Hi,
I was reading all the docs mentioned in this threat...very very interesting!!
And yes I want to learn and adopt it....
Sometimes Phill is mentioned "be carefull with a countertrend". Just take a small amount of pips. For me it's not clear when we have a counter trend...
Is it if we are in a short uptrend and when the price pull back to the 21 or is it if the price goes down if we above the 98 or more in the bigger picture so looking at the hourly, daily or month graph? Well I'm very confused at this point
EDIT: I found the answer...
4. When the price goes above the 89SMA and it pulls back to around the 21EMA and then goes up above the previuos high and the resistance is way above I consider it as a trend and if I have an open position I will try to stay in it till the 21EMA is broken.
Hope somebody can give some light in the darkness
regards
I was reading all the docs mentioned in this threat...very very interesting!!
And yes I want to learn and adopt it....
Sometimes Phill is mentioned "be carefull with a countertrend". Just take a small amount of pips. For me it's not clear when we have a counter trend...
Is it if we are in a short uptrend and when the price pull back to the 21 or is it if the price goes down if we above the 98 or more in the bigger picture so looking at the hourly, daily or month graph? Well I'm very confused at this point
EDIT: I found the answer...
4. When the price goes above the 89SMA and it pulls back to around the 21EMA and then goes up above the previuos high and the resistance is way above I consider it as a trend and if I have an open position I will try to stay in it till the 21EMA is broken.
Hope somebody can give some light in the darkness
regards
You can manage risk, but you can't manage the return
- #25,152
- Dec 12, 2012 5:06am Dec 12, 2012 5:06am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
You can manage risk, but you can't manage the return
- #25,154
- Edited 8:20am Dec 12, 2012 8:01am | Edited 8:20am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
You can manage risk, but you can't manage the return
- #25,155
- Edited 5:49pm Dec 12, 2012 8:24am | Edited 5:49pm
Hi Yvon,
Thanks for your response and view... You're right I think with your view I think......
Top (TP) looks got: is also a resistance (from half oct and half nov). p.s. I read that Phil "never" taking trades above a SL of 48 a 50 pips (he don't want to take such a trade)
I saw the TC to late...so I'm not in and tried (in my last post) to anticipate for the next trade..
success!!
Yvon
- #25,156
- Edited 8:33am Dec 13, 2012 4:36am | Edited 8:33am
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Thanks.... I missed that info I believe!!
That was a nice run for you!!
EDIT: the pair EUR/USD
For now the MACD is retracing. The rule is saying somewhere in area 8 or 21MA (price wasn't retraiced to the EDIT: 89....also a possibility)
The Day chart is up at de moment...but is in the neigborhood of a resistance-line (was your TP with your last trade) and the MACD at the day is losing power for the uptrend.
Looks we're going down.....
So at the 4hour I think up if we enter the the 8 and 21 range.....but I would say down wenn I look to the day chart... Well I'm completly confused
how do I overcome this confusion?!
That was a nice run for you!!
EDIT: the pair EUR/USD
For now the MACD is retracing. The rule is saying somewhere in area 8 or 21MA (price wasn't retraiced to the EDIT: 89....also a possibility)
The Day chart is up at de moment...but is in the neigborhood of a resistance-line (was your TP with your last trade) and the MACD at the day is losing power for the uptrend.
Looks we're going down.....
So at the 4hour I think up if we enter the the 8 and 21 range.....but I would say down wenn I look to the day chart... Well I'm completly confused
how do I overcome this confusion?!
You can manage risk, but you can't manage the return
- #25,157
- Dec 13, 2012 8:19am Dec 13, 2012 8:19am
Thanks.... I missed that info I believe!!
That was a nice run for you!!
For now the MACD is retracing. The rule is saying somewhere in area 8 or 21MA (price wasn't retraiced to the 98....also a possibility)
The Day chart is up at de moment...but is in the neigborhood of a resistance-line (was your TP with your last trade) and the MACD at the day is losing power for the uptrend.
Looks we're going down.....
So at the 4hour I think up if we enter the the 8 and 21 range.....but I would say down wenn I look to the day chart......
just to say that it is not 98sma but 89sma.
-indeed the rule says that back to 8 or 21ema: it is part orf the rhythm. it's to see the behavior of the market vs the moving averages. the anticipation of the market is what helps the trader to get in the market or not.
Yvon
- #25,158
- Edited 11:25am Dec 13, 2012 9:26am | Edited 11:25am
-please mention the pair you are refering to.
just to say that it is not 98sma but 89sma.
-indeed the rule says that back to 8 or 21ema: it is part orf the rhythm. it's to see the behavior of the market vs the moving averages. the anticipation of the market is what helps the trader to get in the market or not.
here is my thought:
if you are taking about the EURUSD pair:
if you look at the weekly chart: so many attempts has been made since the beginning of september 2012 to break that 1.3100 level.-it is a consolidation from about 1.2800 to 1.3100 level. about a 300 pips range. If it breaks out, it could reach 1.3300(89sma)-even 1.3400
a closer look at the weekly chart shows an inverted head and shoulders (left shoulder in mid january2012). and the right shoulder still forming a consolidation.
consolidation for me means also "Confusion" since price is not going up or down.-so the right shoulder is, for me, in confusion for now.
on the daily chart there is a also an inverted Head and shoulder ,but , this time , there is no consolidation in the right shoulder for now. the price is having a bite on that upper limit of that long consolidation; that is the forth attempt since september, shameless!
on the 4H chart: price is sitting on the 8ema, which represent a fast market. the rule says that if price is above the 8ema, then the price could go to the 21ema, then 89.- well ! should we be surprise if price goes down when Macd just showing an overbought situation.- my guess is that if I have a Long position in EURUSD, a very considered stop loss would be apropriate.
Two eyes are not enought:I'm considering borrowing at least an eye from the nabor since I need to pay more attention to that pair in the near future: 1.31 under pressure!
I am still long in eurusd,
12:24 out with profit. price now moving in consolidation...
Yvon
- #25,159
- Dec 13, 2012 5:28pm Dec 13, 2012 5:28pm
- Joined Dec 2012 | Status: Trader | 1,798 Posts
Hi Trademin,
Thanks for your EUR/USD view. I can go with you, in your analyse. The resistance at 1.3100 level is big. I also think we're going down.
On the day-chart (when following the rule) there is potential (on the donw-side) to ema21 (1.2980) or even ema89 (1.2840). We also just reached the EMA365 That's a resistance...
On the 4H-chart (when following the rule) there is also potential to ema21 or even ema89
Today we could go short at two points (TC)....or?! I take the second one and also half a candle to late.... my R:R is not good... I know. After I enter the trade i tought...well...Risky in terms of MoneyManagement.. Even now I think positive about it, specially about the spinner of today in the day-chart and with the Fiscal cliff of the USD is hanging arround I guess we don't move anyway untill it is clear what the outcome is. So we're ranging...as you also mentioned. So a breakout is out of question in my opinion.
Well... we see in the next day(s)
You made a nice trade there!
Thanks for your EUR/USD view. I can go with you, in your analyse. The resistance at 1.3100 level is big. I also think we're going down.
On the day-chart (when following the rule) there is potential (on the donw-side) to ema21 (1.2980) or even ema89 (1.2840). We also just reached the EMA365 That's a resistance...
On the 4H-chart (when following the rule) there is also potential to ema21 or even ema89
Today we could go short at two points (TC)....or?! I take the second one and also half a candle to late.... my R:R is not good... I know. After I enter the trade i tought...well...Risky in terms of MoneyManagement.. Even now I think positive about it, specially about the spinner of today in the day-chart and with the Fiscal cliff of the USD is hanging arround I guess we don't move anyway untill it is clear what the outcome is. So we're ranging...as you also mentioned. So a breakout is out of question in my opinion.
Well... we see in the next day(s)
You made a nice trade there!
You can manage risk, but you can't manage the return
- #25,160
- Dec 14, 2012 1:00am Dec 14, 2012 1:00am
EURUSD LONG
shameless! realy shameless! that pair is facing 1.3100 again.
I took the opportunity to secure another 28 pips.-not always easy for me to pick a good place to get in when a consolidation is in progress.-but didn't wait too long to secure some pips.
below is a 5min chart.
shameless! realy shameless! that pair is facing 1.3100 again.
I took the opportunity to secure another 28 pips.-not always easy for me to pick a good place to get in when a consolidation is in progress.-but didn't wait too long to secure some pips.
below is a 5min chart.
Yvon