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4 Hour Strategy (MACD)

  • #26,401
  • Nov 29, 2013 1:44am Nov 29, 2013 1:44am
Quoting HappyMe
{quote} Hi, I just closed my trades, HEW is telling price can stall at arround 1.3625, maybe 1,3645. Price went quick high and retraced also quickly with a high of 1,3618. Well I thought that is good enough for now!! and closed everything in the down move and maybe price is still reaching 1.3625/1.3645...whatever..I'm delited about the result and my confidence in those trades!. It looks after the high price will reverse to 1.3540-50 (to wave iv), after that it can go back to 1.3625 to finally 1.3680 (wave v) and then a big pull back, after that...

I've had a look at some videos and the spreadsheet....interesting but needs some serious study time to understand properly...

Did you figure all this out without buying any products or only from the free stuff?

If you used only free stuff which resources did you use?

happy days, weekends here, profit this month again
  • #26,402
  • Edited 2:29am Nov 29, 2013 2:17am | Edited 2:29am
Hi yaakruay,

Indeed it's serious study time....and I'm defenetly not a master in it right now.

I first looked to the video's. I was reading the book. I still fighting with the spreadsheet and the projections. But untill I can do this myself I subscript for the daily forecasting (for the currency pairs). With that I can learn to manage the spreadsheet I hope and can see if I'm doing oke. In the meanwhile I can use it to overcome my trading problems with the 4H MACD and so I also trading with this forecast.

On the website only 1 video is going about the spreadsheet that is a little info. I guess the rest is told in the course. But I'm not intended to follow that. I firstly try it myself!

Last week I was making really good profits and I could manage to come a little above BE again. The last time I was there is from Jan 2013. If that profit will continue the subscription fee is for me really no problem... btw: The first month you can just try the subscription...well that's no risk I think!

So at the end: I'm learning, I can trade the 4H MACD more comfortable and I make profits.
You can manage risk, but you can't manage the return
  • #26,403
  • Dec 2, 2013 1:52am Dec 2, 2013 1:52am
Happy December folks,

I have opened a buy trade this morning UK time on E/U.

Reasons
Moving averages close but in bullish mode.
Top of trend line testing 4 or more previous times..ready for breakout???
Above BRN.
Candles have tagged the 21

Take Profit 60 pips
Stop loss 40 pips below last swing down.

green broken line is my buy line
red broken lines are the stop loss and take profit.

The reverse to my trade is..
The obvious flag..rising wedge
Price at top of trend line
Macd goes to RB or bearish TC
Price decides to test the 89 or go further south


All on a live account @ 10p per pip...wah hey ...lets see what happens first trade of the month....

Good luck all
Richard
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  • #26,404
  • Dec 2, 2013 9:16am Dec 2, 2013 9:16am
Quoting HappyMe
Hi yaakruay, Indeed it's serious study time....and I'm defenetly not a master in it right now. I first looked to the video's. I was reading the book. I still fighting with the spreadsheet and the projections. But untill I can do this myself I subscript for the daily forecasting (for the currency pairs). With that I can learn to manage the spreadsheet I hope and can see if I'm doing oke. In the meanwhile I can use it to overcome my trading problems with the 4H MACD and so I also trading with this forecast. On the website only 1 video is going about...
wow seriously,

EU went down just as you said Happyme. The wave is still continue.
Still holding long position, with stop below 89 day SMA. Targeting 1.38

for me, Elliot wave is very complicated and most of the time, subjective.
Really enjoy your explanation on this matter..
Own your own mind.
  • #26,405
  • Dec 2, 2013 9:42am Dec 2, 2013 9:42am
Quoting yaakruay
Happy December folks, I have opened a buy trade this morning UK time on E/U. Reasons Moving averages close but in bullish mode. Top of trend line testing 4 or more previous times..ready for breakout??? Above BRN. Candles have tagged the 21 Take Profit 60 pips Stop loss 40 pips below last swing down. green broken line is my buy line red broken lines are the stop loss and take profit. The reverse to my trade is.. The obvious flag..rising wedge Price at top of trend line Macd goes to RB or bearish TC Price decides to test the 89 or go further south...
Hi Richard,

There was clear short signal on EU. However, I am targeting a longer term view on it.
Sticking to the plan and eye on daily and weekly timeframe for a possibility of EU reaching 1.38

Of course, 89 day SMA is a considerable exit if the price move south.
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Own your own mind.
  • #26,406
  • Dec 2, 2013 12:31pm Dec 2, 2013 12:31pm
Quoting Arrow
{quote} Hi Richard, There was clear short signal on EU. However, I am targeting a longer term view on it. Sticking to the plan and eye on daily and weekly timeframe for a possibility of EU reaching 1.38 Of course, 89 day SMA is a considerable exit if the price move south. {image}

Hi,

I feared that would happen the short..but i thought there was more chance for a nice long....i set it before i left for work...

I can check the charts on my phone at work but not all the time... so its easy to miss some set ups..

What was your clear sell signal?

cheers all
  • #26,407
  • Dec 2, 2013 1:23pm Dec 2, 2013 1:23pm
Quoting Arrow
{quote} Hi Richard, There was clear short signal on EU. However, I am targeting a longer term view on it. Sticking to the plan and eye on daily and weekly timeframe for a possibility of EU reaching 1.38 Of course, 89 day SMA is a considerable exit if the price move south. {image}
HiGuys - hope you all got some time off over the Holiday weekend.
Great charts Arrow. Nice & clean with minimum clutter. Thanks for that.
I agree with you on looking for a long soon. My watch today is on the Pound so maybe the Euro might follow ?? Same sort of watch on the EuroCad.

Look for the Price action - confirm with the Macd - pull the trigger ( sounds simple eh?? LOL )
Will be very wary all week this week with so much reporting & red News.
Catch up later tonight - trade safe.
Good luck RICHARD - go get it mate.
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  • #26,408
  • Dec 3, 2013 12:34am Dec 3, 2013 12:34am
Quoting yaakruay
{quote} Hi, I feared that would happen the short..but i thought there was more chance for a nice long....i set it before i left for work... I can check the charts on my phone at work but not all the time... so its easy to miss some set ups.. What was your clear sell signal? cheers all
Lost yesterday but still entered market with another long today...stubborn olde mule...mule rhymes with fool...bugger...

So the reverse happened which is what i stated.

Price action is consolidating between the trendlines from the daily rising wedge...

Now today..

Have to see where the RB takes us...will price bounce up off the bottom trendline and 89

let's wait and see...

ps...Binnie thanks and nice charts but i have decided to stay on E/U only and learn the set ups instead of jumping around trying to find them and getting confused...
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  • #26,409
  • Dec 3, 2013 1:47am Dec 3, 2013 1:47am
Quoting yaakruay
{quote} Lost yesterday but still entered market with another long today...stubborn olde mule...mule rhymes with fool...bugger... So the reverse happened which is what i stated. Price action is consolidating between the trendlines from the daily rising wedge... Now today.. Have to see where the RB takes us...will price bounce up off the bottom trendline and 89 let's wait and see... ps...Binnie thanks and nice charts but i have decided to stay on E/U only and learn the set ups instead of jumping around trying to find them and getting confused......
Hi Richard - all part of learning mate. Wish we could get it right all the time but we cannot
I understand your wanting to concentrate on the Euro and that is a great idea. Once you get to see your patterns there, it pretty much follows that you will be able to see at a glance whether any other pairs are forming similar signals. That's what I am finding anyway. Sometimes there will be 2-3 similar patterns so I have to be careful i am only entering 1 trade per currency. I mean that I will only take a currency once eg. EU or GU but not both. AU or NU but not both.

Our charts are slightly different as we have already discussed a few times so my chart of the EU does not give me good reason to make a play just yet. Your chart seems to show your signal is the move away from the 89 & Lower Trendline Support, wheras mine has not got there yet. I just wanted to share my view of your trade LONG so I hope this helps -

You have decided on your long and I am guessing you used the RB as your trigger. If you remember the Rythym - Price has broken thru the 21 from above so the rule says it is likely there will be a retest back to the 21 before it moves away. So far it only has a short run back to the 8 / 21 levels so I would be watching for a serious reaction there. You are above the 89 so market mood is still Bullish. If we can see a bullish run thru the 21 & a solid close above it - it may well continue up to that Upper T/Line resistance .

Good safe trading my friend

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  • #26,410
  • Dec 3, 2013 1:49am Dec 3, 2013 1:49am
@ Nausting

Greetings my friend. Not seen you round recently? Any News ?
  • #26,411
  • Dec 3, 2013 2:05am Dec 3, 2013 2:05am
GU WATCH:

Have sat this one out ( unfortunately ) . Not in my rules so had to sit & watch it leave the Station without me LOL
Better to be wishing I was in - than - wishing I was out

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  • #26,412
  • Edited 6:45pm Dec 3, 2013 8:01am | Edited 6:45pm
HI,
EURAUD:
I see here a HS under construction. I took the trade short well in advance(...and maybe too much in advance!). It could be here a rejection of the whole HS "IF" a TC is on the making below the zero line. If it does, then I am expecting a noticeable drop in price, making at the same time another HS, with a target price lower with more conviction. Will see…

EDIT: trade went the wrong way lost 58 pips.
Attached Image (click to enlarge)
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Yvon
  • #26,413
  • Dec 3, 2013 10:03am Dec 3, 2013 10:03am
Quoting yaakruay
{quote} Hi, I feared that would happen the short..but i thought there was more chance for a nice long....i set it before i left for work... I can check the charts on my phone at work but not all the time... so its easy to miss some set ups.. What was your clear sell signal? cheers all
Hi Richard,

It will took time for EU to develop. Please be careful with daily EMA 21 and SMA 89, as they show
us the mood of the market. A break below may alter our bullish view. Be flexible.

I am sorry to attach only H4 chart.

My sell signal was clearly shown in the daily chart.
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Own your own mind.
  • #26,414
  • Dec 3, 2013 10:05am Dec 3, 2013 10:05am
Quoting binnie
{quote} HiGuys - hope you all got some time off over the Holiday weekend. Great charts Arrow. Nice & clean with minimum clutter. Thanks for that. I agree with you on looking for a long soon. My watch today is on the Pound so maybe the Euro might follow ?? Same sort of watch on the EuroCad. Look for the Price action - confirm with the Macd - pull the trigger ( sounds simple eh?? LOL ) Will be very wary all week this week with so much reporting & red News. Catch up later tonight - trade safe. Good luck RICHARD - go get it mate. {image} {image}...
your chart is my inspiration Binnie..
Own your own mind.
  • #26,415
  • Dec 3, 2013 1:13pm Dec 3, 2013 1:13pm
Quoting yaakruay
{quote} Lost yesterday but still entered market with another long today...stubborn olde mule...mule rhymes with fool...bugger... So the reverse happened which is what i stated. Price action is consolidating between the trendlines from the daily rising wedge... Now today.. Have to see where the RB takes us...will price bounce up off the bottom trendline and 89 let's wait and see... ps...Binnie thanks and nice charts but i have decided to stay on E/U only and learn the set ups instead of jumping around trying to find them and getting confused......
Yahoo Richard -
Well done buddy. Hope you are still in . That 8/21 level may now serve as a support and if that is the case & we get a retrace back to that level, there could be an opportunity to get on board for a ride up to that top Resistance T/L around 1.3650 ??
Any other comments guys - for or against ??

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  • #26,416
  • Dec 3, 2013 1:26pm Dec 3, 2013 1:26pm
Quoting Arrow
{quote} Hi Richard, It will took time for EU to develop. Please be careful with daily EMA 21 and SMA 89, as they show us the mood of the market. A break below may alter our bullish view. Be flexible. I am sorry to attach only H4 chart. My sell signal was clearly shown in the daily chart. {image}
Cheers Arrow - I am seeing this possibility so what do you reckon? If we can get thru the 1.3600, there is plenty of airspace to make a run at those last recent Highs. Off to work shortly so catch you all tonite. Have a happy day/ nite wherever you are

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  • #26,417
  • Dec 3, 2013 1:44pm Dec 3, 2013 1:44pm
Quoting trademin
HI, EURAUD: I see here a HS under construction. I took the trade short well in advance(...and maybe too much in advance!). It could be here a rejection of the whole HS "IF" a TC is on the making below the zero line. If it does, then I am expecting a noticeable drop in price, making at the same time another HS, with a target price lower with more conviction. Will see… {image}
Morning Yvon - 2.40pm at your home so I hope you have had a great day so far.
I am trying to follow your teachings on these H & S patterns so please correct me if I am wrong
I see the formation slightly different to you as it provides me with a stronger neckline to use. Is this ok to do ?
If it can break way down there and hold the neckline as new Resistance, I calculate approx 250 pips .
Am I on the right track. Cheers for all the charts & support. One day I will see what you do LOL

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  • #26,418
  • Dec 4, 2013 1:33am Dec 4, 2013 1:33am
Quoting binnie
{quote} Morning Yvon - 2.40pm at your home so I hope you have had a great day so far. I am trying to follow your teachings on these H & S patterns so please correct me if I am wrong I see the formation slightly different to you as it provides me with a stronger neckline to use. Is this ok to do ? If it can break way down there and hold the neckline as new Resistance, I calculate approx 250 pips . Am I on the right track. Cheers for all the charts & support. One day I will see what you do LOL {image}
I have seen your note late this afternoon, I am busy now, but will give you an answer soon my friend
Yvon
  • #26,419
  • Dec 4, 2013 1:40am Dec 4, 2013 1:40am
Quoting binnie
{quote} Cheers Arrow - I am seeing this possibility so what do you reckon? If we can get thru the 1.3600, there is plenty of airspace to make a run at those last recent Highs. Off to work shortly so catch you all tonite. Have a happy day/ nite wherever you are {image}
My basic idea.

Price is resting and has been consolidating between the trendlines.

Is it waiting for None farm roll on Friday or something else to start moving.

I like the idea of a move up before the possible move down.

MA are spaghetti but are bullish as price above 89/200
Price halfway between trendlines
Price under BRN
Macd no showing anything but is bullish.

Ready for up and waiting for a signal...but what/which signal
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  • #26,420
  • Dec 4, 2013 8:41am Dec 4, 2013 8:41am
Quoting binnie
{quote} Morning Yvon - 2.40pm at your home so I hope you have had a great day so far. I am trying to follow your teachings on these H & S patterns so please correct me if I am wrong I see the formation slightly different to you as it provides me with a stronger neckline to use. Is this ok to do ? If it can break way down there and hold the neckline as new Resistance, I calculate approx 250 pips . Am I on the right track. Cheers for all the charts & support. One day I will see what you do LOL {image}

Hi Binnie,
here is my comment about Head and Shoulders. I say again that all that explaination is to better "Anticipate" the market, then from that anticipation, a clearer view of the direction could be seen if possible while working with the 4hrs Macd Strategy,
Attached File(s)
File Type: pdf DETAIL HS2.pdf   954 KB | 388 downloads
Yvon
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