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4 Hour Strategy (MACD)

  • #26,881
  • Feb 11, 2014 2:07am Feb 11, 2014 2:07am
Quoting yaakruay
{quote} 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.... {image}

Hunwei....

See the system works, its the humans that do not work...hahaha

I was right in my feeling, the Euro went up and i got stopped out, no retrace...it will probably come today...
(the system did not tell me to short, that was human error and trying to be smart instead of keeping it simple..aka the system.

The U/J missed my profit target by 1 pip and went back down...i'm waiting for it to turn bullish again..


I like to put up posts about my trades, as its easier to remember what went wrong as you are documenting them...the winning ones are great but i don't get the same urge to show them once they are completed...weird..
  • #26,882
  • Edited 11:35am Feb 11, 2014 9:58am | Edited 11:35am
Quoting binnie
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. {image} 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.
Those ****** tails!!!!
You were right, it even went past the 89sma.
  • #26,883
  • Feb 11, 2014 10:03am Feb 11, 2014 10:03am
Quoting yaakruay
{quote} 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.... {image}
Hey yaakruay. What was your reason for entering the USDJPY. Shorter TF? I don't see MACD signal.
  • #26,884
  • Feb 11, 2014 10:21am Feb 11, 2014 10:21am
Sorry guys for all the questions but here's another one. I hope this hasn't been answered already somewhere in the thread.

How do you know when a trade goes against you and you should exit the trade earlier?

Everyone's probably got there own method of determining when to exit so if everyone can comment on how they determine it, I can pick
the best one for myself.

See attached example.
Attached Image (click to enlarge)
Click to Enlarge Name: WhenToExit.png Size: 97 KB
  • #26,885
  • Feb 11, 2014 1:04pm Feb 11, 2014 1:04pm
Quoting LifesAbeach
{quote} Those ****** tails!!!! You were right, it even went past the 89sma.
You are so right my friend -very frustrating. Everything was going along nicely to a plan and the RYTHYM as we anticipated then some wally wants to spoil our fun. I guess I have to get used to the idea that losses will happen - even on a GOOD trade.
On to the next.....

Attached Image (click to enlarge)
Click to Enlarge Name: GU_REsult_12_Feb.png Size: 57 KB
  • #26,886
  • Feb 11, 2014 2:14pm Feb 11, 2014 2:14pm
Quoting LifesAbeach
Sorry guys for all the questions but here's another one. I hope this hasn't been answered already somewhere in the thread. How do you know when a trade goes against you and you should exit the trade earlier? Everyone's probably got there own method of determining when to exit so if everyone can comment on how they determine it, I can pick the best one for myself. See attached example. {image}
Hi,

The U/J trade, I cannot see why i took it when i did. I think I was at work and was trading on my phone, no trendlines, only 1 time frame at a time...

I think it was because i thought price was stalling above the 21 ema on the h4...building power to go through the 89 and 365...

It made perfect sense when i took it....
(this is what i said a few posts previously..winning trades, i just move on....but losing trades i always want to know more....maybe i am doing this backwards..hahah..I need to study why i am winning not losing.)

My stop loss strategy is not good... I will look at the obvious points above/below moving averages or recent swings.

I find it difficult to exit early..aka the EU trade that i knew i should cut but i left it to see if it hit the stop loss or took profit.. That is not good...for a successful exit strategy.
  • #26,887
  • Feb 11, 2014 2:19pm Feb 11, 2014 2:19pm
Quoting LifesAbeach
Sorry guys for all the questions but here's another one. I hope this hasn't been answered already somewhere in the thread. How do you know when a trade goes against you and you should exit the trade earlier? Everyone's probably got there own method of determining when to exit so if everyone can comment on how they determine it, I can pick the best one for myself. See attached example. {image}
That is an excellent question.
I believe Philip said when there is a contrary signal on the MACD, such as divergence.

Some other indications for me would be:
- a false breakout
- a failed double top or double bottom

Hope that helps
  • #26,888
  • Edited 5:04pm Feb 11, 2014 2:28pm | Edited 5:04pm
Quoting yaakruay
{quote} Hi, The U/J trade, I cannot see why i took it when i did. I think I was at work and was trading on my phone, no trendlines, only 1 time frame at a time... I think it was because i thought price was stalling above the 21 ema on the h4...building power to go through the 89 and 365... It made perfect sense when i took it.... (this is what i said a few posts previously..winning trades, i just move on....but losing trades i always want to know more....maybe i am doing this backwards..hahah..I need to study why i am winning not losing.) My stop...
When the decision to enter is based on the H4 time frame, I use the H4 time frame also for "mental" stoploss.
However, if I go to a lower time frame to refine my entry I use a stoploss based on that lower time frame.
If it goes against me and the rhythm is in tact I look to re-enter again using the lower time frame. (I am not afraid to pull the trigger)
This works for me...

Maybe Philip can add his 2 cents here...
  • #26,889
  • Feb 11, 2014 4:32pm Feb 11, 2014 4:32pm
Hello, my trades on 10th of February.


Rar archive is separated in several parts, you will need winrar to collect the file.


Or you can download full file by the following link: http://www.datafilehost.com/d/36cca750
Attached File(s)
File Type: rar 10_02_2014.part1.rar   9.0 MB | 348 downloads
File Type: rar 10_02_2014.part2.rar   6.7 MB | 471 downloads
  • #26,890
  • Feb 11, 2014 9:24pm Feb 11, 2014 9:24pm
Hello...
Just dropping by this thread which I monitor for quite some time and I saw lots of discussion here. Many thanks for sharing trade ideas. I'm really amazed how this thread has maintain its consistency on its system and even growing further after 7 years (wow!). Thumbs up for all traders here and I do hope someday I can contribute as well in this thread.
Wishing all of us many many more pips to come
  • #26,891
  • Feb 11, 2014 11:03pm Feb 11, 2014 11:03pm
There's a pattern organizing on D1 for EURUSD, MACD shows one occurrence of it before a week and a half back, someone post it for others to see. Last dropdown started on thursday so let's get ready?
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #26,892
  • Feb 11, 2014 11:13pm Feb 11, 2014 11:13pm
Quoting freewilly
Hello... Just dropping by this thread which I monitor for quite some time and I saw lots of discussion here. Many thanks for sharing trade ideas. I'm really amazed how this thread has maintain its consistency on its system and even growing further after 7 years (wow!). Thumbs up for all traders here and I do hope someday I can contribute as well in this thread. Wishing all of us many many more pips to come
Welcome FW - looking forward to seeing your charts. We are here to share
  • #26,893
  • Feb 11, 2014 11:19pm Feb 11, 2014 11:19pm
My Spy for tonite:

This is what I can see with the Euro. Price has come back to the 21 again so have got 2 plans here. Either one will do but the Short down to the 89 has not got much space to move in pip value.

Attached Image


Attached Image
  • #26,894
  • Edited 11:40pm Feb 11, 2014 11:28pm | Edited 11:40pm
Quoting Acolyte
There's a pattern organizing on D1 for EURUSD, MACD shows one occurrence of it before a week and a half back, someone post it for others to see. Last dropdown started on thursday so let's get ready?
Hi Acolyte,
Just spotted your post re the Daily. It does show strong trending down inside a nice channel. Waiting patiently for price to tell me which way it needs to go.
Have you got any levels in mind?
Cheers

Attached Image (click to enlarge)
Click to Enlarge Name: EU_Daily_12_Feb.png Size: 34 KB



SORRY - Wrong chart...

Attached Image
  • #26,895
  • Feb 12, 2014 12:45am Feb 12, 2014 12:45am
Hey binnie,
You've got it right, I noticed repetition is one of the best signals on the MACD signal to follow
I'm planning on waiting until there are more signs of this pair going down; I wouldn't enter it now as I would've done before. Philip has pointed about bidding for the right time, and that's the plan here as well, there are plenty of pips up for grab for those willing to wait and minimize their "hurdles" of feeling price jumping up before going down.
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #26,896
  • Feb 12, 2014 2:08am Feb 12, 2014 2:08am
Quoting Acolyte
Hey binnie, You've got it right, I noticed repetition is one of the best signals on the MACD signal to follow I'm planning on waiting until there are more signs of this pair going down; I wouldn't enter it now as I would've done before. Philip has pointed about bidding for the right time, and that's the plan here as well, there are plenty of pips up for grab for those willing to wait and minimize their "hurdles" of feeling price jumping up before going down.

I am trying to train myself to do this, not just blindly entering on a whim. (i feel i may have done on this trade)

The daily is looking so much like a retrace down is coming....But H4 was showing a bullish set up...but once again i took it early whilst trading on my phone.

I know I shouldn't and it will cost me money, but only by trading, practicing and repetition can I learn which are the best set ups and when to avoid them.

This thread is moving along great, I love how people pop in and out..many lurkers who could contribute..come on you know who you are...show us your charts
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-12_0757.png Size: 85 KB
  • #26,897
  • Feb 12, 2014 5:19am Feb 12, 2014 5:19am
Quoting binnie
My Spy for tonite: This is what I can see with the Euro. Price has come back to the 21 again so have got 2 plans here. Either one will do but the Short down to the 89 has not got much space to move in pip value. {image} {image}
Hello Binnie,

New to this systerm. From Write up of Nell I think it is a TC systerm with the 89EMA, but reading through the tread I notice you taking a counter Trend as you have stated here. Is this a twist to the original system?.
For some one at work all day, Am thinking of trading on the Daily time frame , any insight?
Which pairs to you watch.

thank You
Theo
  • #26,898
  • Feb 12, 2014 5:23am Feb 12, 2014 5:23am
Hi, I'm also suprised, how long can last this thread. I observed some time this forum, and today a just want to say something. I want to thanks to Phillip Nel, well done. For you i earn some pips. i want to thanks onother person who sharing own observation.
  • #26,899
  • Feb 12, 2014 5:23am Feb 12, 2014 5:23am
Quoting binnie
My Spy for tonite: This is what I can see with the Euro. Price has come back to the 21 again so have got 2 plans here. Either one will do but the Short down to the 89 has not got much space to move in pip value. {image} {image}
Hi Binnie,
For a Zero Bounce of the MACD (with the Red small bars ) what should be the color of the triger bar. Are you looking for a Green bar or Reb bar bigger than previous one?

Thank you.

Theo
  • #26,900
  • Feb 12, 2014 7:54am Feb 12, 2014 7:54am
Looks like EURUSD has dropped, and much earlier than anticipated. Darn, I should listen more to myself!
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
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