4 Hour Strategy (MACD)

Quoting Arrow

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{quote} Welcome.. The MACD for this system is available on MT4 indicator tab. You just need to set it up by using the guidance in 4hour macd strategy .pdf file provided in the first page of this thread. If you mean the colored MACD (red and green), just go and google "colored macd mql4". You may also find it in this thread. All the information is already indexed by mr Philip Nel on the first page. Meanwhile, my view on GU ^^ {image} {image}

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Quoting trademin

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this is another example of what I like the most. It is because that TC (TC 3) does makes a rejection of the whole HS. It is a TC and consider as a TC. I like those when it happens because I expect them to happen...and sometime , when they do, it is a nice ride! Beautiful isn't it? EDIT: this move away just had a move down of above 300 pips! Yvon {image}

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Quoting trademin

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I'm staying in the EURUSD short and long in the USDCHF, for now {image}

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Quoting yaakruay

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{quote} Have you pulled the trigger? Your trading platform does not show your trade? with entry / stop loss / take profit.. Can you give us some more info about your trade please. 1) macd showed you what? 2) anymore info about your trade.... candles/trendlines / patterns etc. thanks Richard {image}

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Quoting Arrow

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{quote} Hi Richard, Yes, I had pulled the trigger. Put a sell order at 1.5990, closed at 1.59. It is not a trading platform. I used it only for technical and fundamental analysis. So, it won't show my actual trade. I use Oanda FXTrade, a web based trading platform to execute the trade. Looking at multiple timeframe, mostly daily and h4 scanning for any sign of possible TC formation. {image} {image}

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Quoting trademin

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{quote} Hi Arrow, congrat! nice there! Yvon

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Quoting yaakruay

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{quote} May I ask some questions to clear the cloud in my head.... The TC's would you trade each one... The last TC3 you would have missed the large candle but sold on the opening of the next candle? Thanks for any help...I'm still wrestling with the TC's and having trouble anticipating when they are coming.. {image}

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Quoting trademin

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{quote} . I guess it could help having another perspective toward TC. I wrote something about that a while ago. Maybe you read it already, the place: post 24836 Yvon

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Quoting 4xtradercy

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What do you guys think about the EURUSD? EMA8 below EMA 89 and EMA200 4hr candle Close below EMA8 MACD turning down (but still above 0 line)Would be interest to hear your thoughts. {image}

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Quoting 4xtradercy

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What do you guys think about the EURUSD? EMA8 below EMA 89 and EMA200 4hr candle Close below EMA8 MACD turning down (but still above 0 line)Would be interest to hear your thoughts. {image}

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Quoting 4xtradercy

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Hi Yaakruay, thanks for your reply. Will be interesting to see if the market confirms your analysis. Mine was obviously not complete, waiting to hear from other members their thoughts.

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Quoting 4xtradercy

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EURUSD seems to be in pullback mode on the Daily chart, however the correction hasn't finished on the 4hr chart. One to watch out for. Today's candidate is the USDJPY. Breaking out of a large triangle formation on the daily, we have the following on the 4hr chart: Price above EMA89 and in a bullish mood 4hr close above EMA8 - rhythm is up MACD pullback to zero line and up-tickThe only caveat is that I took the entry before the current 4hr candle closed, against wise advise in this thread... Should patiently wait for another hour for the 4hr to complete...

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Quoting HappyMe

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Hi Everyone, (EURUSD-chart) at 31 Oct we broke the 89 and the 200. Normally price first retrace to the 89 before going forward. Anyway it didn't....it was going down in lightspeed! Maybe the retracement of 6 nov could be interpretate like that....because of the selling presure at that time we can do so.... but it's far(??) from the 200 (arround 50 pips). Yesterday price retraced a bit and came 5 bars after eachother above the 21. A rule is saying if price retraced above 21, it tends to go back to the 21... and afterwarts it goes back to the 89....

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Quoting yaakruay

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{quote} The masters of this technique will know better.. But is that a head and shoulders pattern forming? If it is then the charge up will be short lived by the movement down off the shoulder. Then we can be looking for the new trade off the neckline down.. If not...happy days for you and you've got yourself a good trade from a nice TC forming.. we will see as nothing has happened as yet when i was typing this.. good luck {image}

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