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4 Hour Strategy (MACD)

  • #26,421
  • Dec 4, 2013 1:11pm Dec 4, 2013 1:11pm
Quoting trademin
{quote} 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, {image}
Greatful thanks Yvon - I got my homework for tonite (LOL )
Cheers
  • #26,422
  • Dec 5, 2013 1:47am Dec 5, 2013 1:47am
Quoting binnie
@ Nausting Greetings my friend. Not seen you round recently? Any News ?
******************************************************************************************

Trading from the Google of Phillip Nel


Market Rhythm!


EURGBP: DEC 4 2013


This is what I call slanting Head and Shoulders setup. I just included the EURGBP recently because of my recent observations about its nice performance mainly at the 4HOUR time frame; and as usual taking trades with respect to 1HOUR early entry technique revealed by Phillip himself has got into my blood stream, so I took this trade with respect to that.
Binnie thanks for all your very educative posts, all of you here are wonderful!!! I see your posts, Binnie, trademin, Happyme and his new insight using the "HEW" wave analysis, and other wonderful posts from other new traders...In fact, you all make this place a "second home" for all traders. I really want to keep up with every bit of good thing going on here. Lets keep praying for one another.


I love you all


God bless Phillip

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  • #26,423
  • Dec 5, 2013 1:50am Dec 5, 2013 1:50am

UPDATE

TRADE RESULT


First take profit taken.

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  • #26,424
  • Dec 5, 2013 6:12am Dec 5, 2013 6:12am

First take profit @ 200sma or top of trend line


This is the 1HOUR CHART.


2nd take profit is around the 161.8 Fibonacci level.

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  • #26,425
  • Dec 5, 2013 6:30am Dec 5, 2013 6:30am

Market Rhythm is the Key!


EURUSD

November 25th, 2013


I traded constantly last week and successfully too.


I wanted to post them by weekend, but did not. Here is just one of them.


Ya! Binnie I saw your trade recommendations for last week. They were nice ones and the pips were achievable as the market gave nice entries towards

anticipated directions on the various currencies. That for me was very nice.


Below is on of the trades I took. All the details are in the chart. I might be posting my last weeks trading activities by weekend.


God bless everyone!

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  • #26,426
  • Dec 5, 2013 6:36am Dec 5, 2013 6:36am

November 29th - December 2nd 2013


The trade slept over the weekend!


And finally my 2nd position was filled.


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  • #26,427
  • Dec 5, 2013 10:14am Dec 5, 2013 10:14am
Hi naustingfx,

It is nice to have you here. A new glance on the 1hour entry.
Never try it seriously, but very interesting indeed.


Still holding my long term view. Like trade ideas by Binnie and Yvon.
EURGBP yah.. I will add it to my radar. Haha ^^

Richard, how are ya doin? It seems that EU going on our favor eh?
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Own your own mind.
  • #26,428
  • Dec 5, 2013 10:18am Dec 5, 2013 10:18am
Trading from the Google of Phillip Nel



Market Rhythm!


EURGBP: DEC 4 2013

Full update with respect to my trading plan.

Both 1st and 2nd profit level reached.
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  • #26,429
  • Dec 5, 2013 10:22am Dec 5, 2013 10:22am

1 hour chart


1 hour time frame-my loving helper !

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  • #26,430
  • Dec 5, 2013 10:36am Dec 5, 2013 10:36am
Quoting Arrow
Hi naustingfx, It is nice to have you here. A new glance on the 1hour entry. Never try it seriously, but very interesting indeed. Still holding my long term view. Like trade ideas by Binnie and Yvon. EURGBP yah.. I will add it to my radar. Haha ^^ Richard, how are ya doin? It seems that EU going on our favor eh? {image}
*********************************************************************************************************************

Hi brother/sister;
Your chart is nice. I love that yellow horizontal line you have put there. Almost resemble my chart or screen. I have snapped my screen just to show you my anticipation for profit target. A lot of pips made and yet to be made for EURUSD, very interesting the way it is going. I was not on the trade because I took the EURGBP already...but I really love what the EURUSD doing.

As you can see, my profit target is at the 161.8 Fibonacci level on my daily chart below. Hope you find some use of my chart.

God bless you!

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  • #26,431
  • Dec 5, 2013 10:45am Dec 5, 2013 10:45am

more info or addition


remember that price move in a wave form. So there will definitely be some nice pull backs at some some stage.


also remember that the rule says that when price breaks a strong resistance or support, but in this case resistance, it tends to pull back to it and then moves away. This therefore means that we can see a nice retracement of price to that thick horizontal line in my chart, that is the thick line which is at the same level with the 100 fibonacci level in my chart. This is as well in your own chart, that yellow horizontal line i mentioned earlier which you had drawn already.


so if your have learnt how to take retracement trades, then keep a close watch, it may come up very soon!


hope this helps you to make more pips!

  • #26,432
  • Dec 5, 2013 10:50am Dec 5, 2013 10:50am

4 hour situation!


like i said in the post above; we are likely to see retracement which will trigger a sell signal.


the 4hour char is saying the same thing. Price is at the top of the trend line (channel) in the 4hour now, see my chart below.


therefore price is very likely to find resistance at that level and that will trigger the retracement i have mentioned earlier.

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  • #26,433
  • Edited 1:39pm Dec 5, 2013 1:22pm | Edited 1:39pm
Quoting naustingfx
4 hour situation! like i said in the post above; we are likely to see retracement which will trigger a sell signal. the 4hour char is saying the same thing. Price is at the top of the trend line (channel) in the 4hour now, see my chart below. therefore price is very likely to find resistance at that level and that will trigger the retracement i have mentioned earlier. {image}
WOW - you have given us plenty of homework too. If we can't learn from what you & Yvon have to teach us, then we are in trouble LOL. So much information & ideas to compliment the basic H4 Macd method - using Price Action around the MA"s to get a SIGNAL and then using the Macd as the TRIGGER.
Looks like I have my weekend of study lined up for me so thanks for charts . The PDF on H&S posted by Yvon is also a great study so give it your full attention everyone.
Now the BAD NEWS - I got my butt kicked by Mr. Euro overnight. My plan for the top T/Line ( Uppermost Resistance - red line ) did come to pass ------- BUT not before hunting o​ut the 89 and taking me out of play..... I see at one stage my trade was well past 50% of the way to my target and in hindsight , ( IF I HAD BEEN AWAKE)... perhaps I may have moved to at least Break Even so no fear of a loss. This is a risk we play when we trade and my mission is to find a way to limit the trades from going profit into loss.
Even with this loss ( only practice account - but still hurts..) I am happy that I followed my plan for the entry and I can CONFIDENTLY state THIS METHOD WORKS WELL> Thanks Phillip N.

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  • #26,434
  • Dec 5, 2013 1:46pm Dec 5, 2013 1:46pm
JUST BEFORE I HEAD OFF TO WORK:

My early watch for today - price action on the AN & AU pairs is forming a move away from the MA's. We are below the 89 so BEARISH only. Close under the ma's with momentum will signal my short. Look then to the Macd for the TRIGGER ( TC. )

See you tonite - safe trading.
  • #26,435
  • Dec 6, 2013 12:52am Dec 6, 2013 12:52am
Quoting Arrow
Hi naustingfx, It is nice to have you here. A new glance on the 1hour entry. Never try it seriously, but very interesting indeed. Still holding my long term view. Like trade ideas by Binnie and Yvon. EURGBP yah.. I will add it to my radar. Haha ^^ Richard, how are ya doin? It seems that EU going on our favor eh? {image}
We were right on the money but i made a school boy error and moved my stop loss near the 89 and bottom trendline....ouch...

Not sure what was my thinking...
The 200 was a good resistance level, price was going to boom up after such consolidation......

Got taken out by 2 pips.....f^<*$ sake....what an idjut....

Classic newbie error...

That large tail that went down to the 89 and then boomed up took me out right at the bottom.....


edit....Dangerously and out of anger i am chasing the RT and counter trend to get some pips back......crazy...flip flopping...
  • #26,436
  • Dec 6, 2013 1:16am Dec 6, 2013 1:16am
I'm shy to post now...so much good nformation here...amazing.... thanks all...you all know who you are who post here... big up.... thank you..

Friday trade (bear)..which is not the trade i thought i would be in yesterday...I was bullish bullish bullish...

I will be closing this trade anytime i have a profit as i am not comfortable with it...
(going back to basics was good as i can see TC's coming now not just RT/RB)

Have a good weekend all....so much to read and digest now....

Regards
Richard
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  • #26,437
  • Edited 5:59am Dec 6, 2013 2:27am | Edited 5:59am
hi,
I have hesitated before showing some more infos about Head and Shoulder. But please, no hard studies here, just taking a look at them, they are just beautiful!

have a nice day,
Attached File(s)
File Type: pdf strong candles-2.pdf   213 KB | 475 downloads
Yvon
  • #26,438
  • Dec 6, 2013 8:56am Dec 6, 2013 8:56am
Doing fine This morning:

secure 108 pips in the EURJPY-closed trade, SL hit, but projection could go up by a 40 pips more.-closed trade


Gain 33 pips in the AUDUSD-closed Trade- could have got better- twice in and out but slippery trades.
got involved in NZDUSD- slippery again +- 10 pips---not a good trade due to communication with the broker.


the EURJPY has been showing a strong candle after breaking out the neck line....I was around this time!

have a nice day,
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Yvon
  • #26,439
  • Dec 6, 2013 2:04pm Dec 6, 2013 2:04pm
Quoting yaakruay
I'm shy to post now...so much good nformation here...amazing.... thanks all...you all know who you are who post here... big up.... thank you.. Friday trade (bear)..which is not the trade i thought i would be in yesterday...I was bullish bullish bullish... I will be closing this trade anytime i have a profit as i am not comfortable with it... (going back to basics was good as i can see TC's coming now not just RT/RB) Have a good weekend all....so much to read and digest now.... Regards Richard {image}
Hey there Richard - don't be shy about posting. When you post a chart with your own thoughts attached, you are actually TEACHING believe it or not and as the old saying goes - TEACHING is the very best form of learning
I don't quite get what you are saying with that last trade? Did you get spiked out of your LONG and then re-enter a SHORT ?? Can you show us buddy. I know it is frustrating ( it took me out too) but the best way to take revenge on Mr. FX Markets is to QUICKLY analyse what went wrong ( don't ponder too long) and then prepare for the next trade according to your rules.
I see your comment about a better understanding of the TC trades by going back to basics. Great news mate. Remember Price Action is what provides the TC on the Macd - not the other way round. Let your eyes tell you what is likely to happen and then check the Macd for a confirmation of what you have seen.

Keep up the posts & comments please buddy - Safe trades.
B.
  • #26,440
  • Dec 6, 2013 2:15pm Dec 6, 2013 2:15pm
Quoting trademin
hi, I have hesitated before showing some more infos about Head and Shoulder. But please, no hard studies here, just taking a look at them, they are just beautiful! have a nice day, {image}
Thanks Yvon - your input to our learning is valued so much. Congrats on your trades - looks simple doesn't it?
I guess that H&S and the use of the H1 charts as per Nausting are just the additional tools we need as we develop our skill levels . The H4 Rythym is my chosen method now after having seen & tried many. For some reason I am finding this system holds strongly in my head & heart and my confidence levels are growing each day. It is a good feeling when we can sort of visualise a possible direction based on what we see on our charts.
Have a great weekend. I will be going over the pdf's and charts from everyone so roll round Monday (LOL )
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