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4 Hour Strategy (MACD)

  • #26,861
  • Feb 9, 2014 8:24am Feb 9, 2014 8:24am
Quoting LifesAbeach
Hey Hey {image} {image} {image}
Hi,
Price levels drawn so nicely....., is that manual or there is a tool availiable in platform to draw these, put me wise pleae.
  • #26,862
  • Feb 9, 2014 11:14am Feb 9, 2014 11:14am
Quoting LifesAbeach
{quote} Hi I've got a question. Do you still consider round price levels as S/R levels? I find that they are just a nuisance and that even if they do become S/R price still moves past them some distance. Example: Suppose you want to open a trade and everything looks PERFECT except for the round price level a few pips away, would you still take the trade?

I can comment from my experiences and that is with the EU..

When price is moving up to BRN I anticipate that if it breaks through then it tends to go to .15 .20 . 25 and can retrace back for a while...(15 is my target normally)

Breaking down to a BRN it seems to go to .85 .80 .75 and then retraces. (.85 is my normal target)

If price is trending and moving a lot then it will break through these and keep moving but these are those rapid, violent moves that either make you or break you... Not the nice trades we like to take with the market rhythm in tact and price retracing and moving with the trend.

I will still open a trade and not regard a BRN as problem but i do expect the trade to stop and play around this area, i don't expect price to turn around automatically at a BRN but I know there will be interaction too it.

I am more intrigued by the power of the monthly, weekly and daily trendlines that price will touch and turn around at, no matter about BRN.
  • #26,863
  • Feb 10, 2014 1:31am Feb 10, 2014 1:31am
Quoting Pisces
{quote} Hi, Price levels drawn so nicely....., is that manual or there is a tool availiable in platform to draw these, put me wise pleae.
I use this indicator
Attached File(s)
File Type: ex4 PRICE LEVELS.ex4   15 KB | 315 downloads
  • #26,864
  • Feb 10, 2014 1:33am Feb 10, 2014 1:33am
Quoting Pisces
{quote} Hi there, I need to have a look at the trades posted by napalc. After the file is downloaded to my computer, I try to open the RAR Archive, it gives error and file is not extracted. Is there some issue with RAR version or ...... what can be remedy. F1 please.
See post 26804
  • #26,865
  • Feb 10, 2014 5:49am Feb 10, 2014 5:49am
Hi guys,

I'm new to this strategy. Just wondering if anyone has any success with this strategy on other currency pairs(besides EURUSD and GBPUSD)?

Thanks
  • #26,866
  • Feb 10, 2014 7:44am Feb 10, 2014 7:44am
Quoting hunwei
Hi guys, I'm new to this strategy. Just wondering if anyone has any success with this strategy on other currency pairs(besides EURUSD and GBPUSD)? Thanks
Yes this is the only strategy that works. You will loose a lot of money if you try another strategy. BEWARE!!!!I AM WATCHING YOU!!
And yes it works on other currencies.
  • #26,867
  • Feb 10, 2014 9:45am Feb 10, 2014 9:45am
Quoting Pisces
{quote} Friend I tried Jing but it is not supported by Windows 8, looking for alternative because it is good to paste image (worth thousand words). What is in your mind regarding an alternative program...
Jing works on Windows 8. You must be doing something wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: jingwindows8.png Size: 72 KB
  • #26,868
  • Feb 10, 2014 12:17pm Feb 10, 2014 12:17pm
Quoting Pisces
{quote} Friend I tried Jing but it is not supported by Windows 8, looking for alternative because it is good to paste image (worth thousand words). What is in your mind regarding an alternative program...
Did you tick the box (fine print) before installing?

There are a few threads online about windows 8 and jing and it looks like most of them are from human errors not because its not supported..
Attached Image
  • #26,869
  • Feb 10, 2014 12:20pm Feb 10, 2014 12:20pm
Quoting LifesAbeach
{quote} Yes this is the only strategy that works. You will loose a lot of money if you try another strategy. BEWARE!!!!I AM WATCHING YOU!! And yes it works on other currencies.

They won't listen too you..

They will be back in a couple of years, no fear...they all are.
  • #26,870
  • Feb 10, 2014 12:21pm Feb 10, 2014 12:21pm
Quoting yaakruay
{quote} Did you tick the box (fine print) before installing? There are a few threads online about windows 8 and jing and it looks like most of them are from human errors not because its not supported.. {image}
Hi, I have installed the Jing successfully and working perfectly. Many many thanks
  • #26,871
  • Feb 10, 2014 12:23pm Feb 10, 2014 12:23pm
Quoting hunwei
Hi guys, I'm new to this strategy. Just wondering if anyone has any success with this strategy on other currency pairs(besides EURUSD and GBPUSD)? Thanks

The system works on every currency.

Its the humans that cannot work the system, that is why you lose.

Check the thread out from the beginning.
Understand how to set up your trading platform with the moving averages and macd.

The ask any questions you like..... but working through the thread you will see the same questions answered and lots of screenshots.

This system, works and makes pips....guaranteed.
  • #26,872
  • Feb 10, 2014 12:24pm Feb 10, 2014 12:24pm
Quoting Pisces
{quote} Hi, I have installed the Jing successfully and working perfectly. Many many thanks

Good news, now set up your trading platform and post your ideas and questions.
  • #26,873
  • Feb 10, 2014 1:34pm Feb 10, 2014 1:34pm
Hi Guys:
Thanks for looking after our new family members Richard & Lifer.
How does anyone see the GU progressing to that 89 level I was anticipating? I see some consolidation now & that tells me that attempts are being made to get ready to continue the hunt up to the 200 then the 89.

Attached Image (click to enlarge)
Click to Enlarge Name: GU_progress_H4_view_11_feb.png Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GU_H1_View_11_feb.png Size: 31 KB


Anyone spot something to share ?
  • #26,874
  • Feb 10, 2014 2:02pm Feb 10, 2014 2:02pm
Quoting binnie
Hi Guys: Thanks for looking after our new family members Richard & Lifer. How does anyone see the GU progressing to that 89 level I was anticipating? I see some consolidation now & that tells me that attempts are being made to get ready to continue the hunt up to the 200 then the 89. {image} {image} Anyone spot something to share ?

This is my view point.

Trendlines from daily and weekly

Rectangle from H4 between 21/8/200/89

Down to M5 and look at price action on trendlines...

If price stays above the weekly trendline and then could trend above the 8/21..then onto the daily trendline BPM and keep going...this is my story..


LaB will be along to show their trendlines and fibs...their expertise...

Watch for any BPM on all time frames, trendlines, moving averages...to get the market rhythm...(this is me learning and training my eyes)
Attached Image (click to enlarge)
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  • #26,875
  • Feb 10, 2014 2:12pm Feb 10, 2014 2:12pm
Quoting binnie
Hi Guys: Thanks for looking after our new family members Richard & Lifer. How does anyone see the GU progressing to that 89 level I was anticipating? I see some consolidation now & that tells me that attempts are being made to get ready to continue the hunt up to the 200 then the 89. {image} {image} Anyone spot something to share ?
I've got some TL's but I don't know if it's correct. Still practicing those that Phillip said we should look at (those intermediate TL's going through the candles)

But your 1H TF looks good. I still have a feeling it will go up either way. TL or no TL.
Attached Image (click to enlarge)
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  • #26,876
  • Feb 10, 2014 2:13pm Feb 10, 2014 2:13pm
Here's a possible setup I spotted.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY4H.png Size: 71 KB
  • #26,877
  • Feb 10, 2014 2:17pm Feb 10, 2014 2:17pm
And maybe something on the USDJPY.
I've got a feeling it will ignore the 89sma since it's already touched it.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY4H.png Size: 54 KB
  • #26,878
  • Feb 10, 2014 2:43pm Feb 10, 2014 2:43pm
Quoting yaakruay
{quote} This is my view point. Trendlines from daily and weekly Rectangle from H4 between 21/8/200/89 Down to M5 and look at price action on trendlines... If price stays above the weekly trendline and then could trend above the 8/21..then onto the daily trendline BPM and keep going...this is my story.. LaB will be along to show their trendlines and fibs...their expertise... Watch for any BPM on all time frames, trendlines, moving averages...to get the market rhythm...(this is me learning and training my eyes) {image}
yaakruay I think you could use the MACD on the 5M TF to see in what condition the price is at the moment and you could probably use the moving averages as well. I remember in one of Phillips first videos where he uses them on the shorter TF's.
  • #26,879
  • Feb 10, 2014 2:58pm Feb 10, 2014 2:58pm
Quoting LifesAbeach
{quote} yaakruay I think you could use the MACD on the 5M TF to see in what condition the price is at the moment and you could probably use the moving averages as well. I remember in one of Phillips first videos where he uses them on the shorter TF's.

I do look at the MACD on the smaller time frames, just to get a feel of the waves (price movement not Elliot waves)..

As there are more people commenting on the thread, I have put up two live open trades...

Not much price movement today and so i neither got stopped out or took profit....
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-10_2043.png Size: 60 KB
  • #26,880
  • Edited 1:43am Feb 11, 2014 1:23am | Edited 1:43am
GU Update:
Not too promising guys. My anticipation on the H4 was that Price would find a way to the 200 then the 89. Entry was a BPM on the H1 T/Line breakout.
My stoploss has almost been touched but hanging in there still.

Attached Image (click to enlarge)
Click to Enlarge Name: GU_11_Feb_H1_Entry.png Size: 22 KB


Hey there Richard - hows your trades developing. I dont have the JPY on my screen and in any case my candles differ from yours. How is it doing for you buddy?

Gone now -24pips.
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