4 Hour Strategy (MACD)

Quoting Arrow

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Hi Fui Yong, How are you? The EUR is facinating ya Just hit the news: "The euro hit session highs against the dollar and yen on Wednesday, with traders citing a Market News report saying a rate cut by the European Central Bank was unlikely despite a drop in inflation." I have not taken the trade. Taking the GU instead after looking at the USDindex chart LoL {image}

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Quoting yaakruay

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{quote} I cannot find your chart on my MT4... what is the name? All aboard the Bullish EU express coming soon.... Is this a massive Head and Shoulders on the macd on the EU. I can find P.Nells original documents but cannot find much written or later examples of the macd and its patterns. Can anyone help with more information about macd patterns with examples? {image}

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Quoting trademin

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this is image no 2 from post above post 26263) image 2: see the up trend channel. As you can see the HS in within it. Since it didn't break down the neck line, price moved back up to the upper trend line.---But important to understand is when price break down the neck line, it does break also the up channel. While breaking down the channel,the pull back to it is a TC that confirm the price is quitting that channel and is quite possible that the range covered in the channel that price just left would be repeated below; which imply usely a big move…that...

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Quoting yaakruay

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NZD USD h4. Is this a H&S pattern? As i can make the Pattern Height from the neckline support the same distance down to the 365.. Macd is below zero price is hovering around spaghetti 4 ma bunched togehter...so a break out is imminent (maybe) Price is between 2 BRN If price is too fall...could this be a valid set up? But what is the trigger signal the lower high 6 bars previously? {image}

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Quoting trademin

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EURCAD : I just close the trade for about 167 pips.- two shots at it!- same as nzdusd: price hit the lower trend line, will wait for next move on it. {image}

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Quoting yaakruay

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{quote} I cannot find your chart on my MT4... what is the name? All aboard the Bullish EU express coming soon.... Is this a massive Head and Shoulders on the macd on the EU. I can find P.Nells original documents but cannot find much written or later examples of the macd and its patterns. Can anyone help with more information about macd patterns with examples? {image}

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Quoting yaakruay

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{quote} Hi, Help me out a little please...... okay then help me out a lot........ cheers..... Can you hold my hand and walk me through your trade... "PULL BACK TC what you like most" 1) This is the pullback to the 21 ma 2) spinner/doji candle 3) break below zero line on macd This was your entry position? I know it's more complicated than this and your eyes and brain tell you a lot more than we are talking about but i just want to clear the picture in my mind. I want to eat your forex brain i hope this reads okay and not like some crazy internet...

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Quoting trademin

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{quote} Hi Richard, it reads okay! Here is my view on your questions, have a nice reading, Edit: a picture worth a thousand words: what I like the most Yvon {image} {image}

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Quoting alasdeaguila

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can anyone tell where is the macd for this system

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Quoting yaakruay

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Basic charts for Eur/USD. Yellow trendline is the neck of the inverted head and shoulders. Orange boxes are the shoulders. Price far away from 8, 21 Macd making a RB. BRN above PA Previous candle is hammer like. Again i think a retracement up is coming after the recent fall...i will be looking for selling opportunities later in the week. Buy for now but it is counter trend so careful.. Basic analysis.... anyone else like to comment or ideas? happy trading.. {image}

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Quoting alasdeaguila

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can anyone tell where is the macd for this system

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