Hey Hey
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4 Hour Strategy (MACD)
- #26,904
- Feb 12, 2014 12:43pm Feb 12, 2014 12:43pm
Looks like EURUSD has dropped, and much earlier than anticipated. Darn, I should listen more to myself!
Anyone get in ??
Thanks for your views Acolyte. The more the merrier eh ?
- #26,906
- Feb 12, 2014 12:50pm Feb 12, 2014 12:50pm
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.
nd exchanging ideas.
- #26,907
- Feb 12, 2014 1:00pm Feb 12, 2014 1:00pm
{quote} 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
Meantime - any of our other members may have thoughts to share with you. Best bit of advice I can give to the New Family is PLEASE start at Phillip's Page 1 and keep working through all the links he has given. By the time you have got through these, the H4 Macd system will be a lot clearer. Then , more recently we have been getting some new lessons from Phillip which are showing us how to get earlier entries by using lower time frames. All trading here is based upon the Market Rythym .... Much to learn but great fun.
- #26,910
- Edited 11:46pm Feb 12, 2014 1:34pm | Edited 11:46pm
{quote} Ain't that always the way. You made a great call. Unfortunately this appeared around 1am my time so no chance of playing tonite. Even though it moved real fast, there was a chance to head down to the 5min chart to get entry. Anyone get in ?? Thanks for your views Acolyte. The more the merrier eh ?
Your plan A..... nah mate... But hoping for plan B... yeah mate...
I got stopped out plan A...i had already opened the trade before you posted Plan A or B. But it was nice to know someone else saw the possible set up.
(i didn't trade from your plans, i already had my own plans, just in case you think i followed your plan and lost, no guilt)
When i checked the trade at work, it had already dropped and stopped me out.
I took a short with a large stop loss and i am currently sitting out the (hopeful) retrace.
The perils of trading on a phone at work, knee jerk reactions, not waiting for a complete set up..but the opportunity to check charts throughout the day.
(i did have 20 pip profit from the short but let them go in the retrace...grrrr)
Open live trade short EU..see how we end up... the long got stopped out...
(hopefully some live charts will encourage people to participate...but only if they see winners
) no guarantee with that then..
- #26,914
- Feb 13, 2014 1:35am Feb 13, 2014 1:35am
I think GBPUSD should go down? MACD turn red, besides, it has reached above +45 line. Considering it's countertrend, 1.6564 (EMA 8) should be the next target? Need some inputs.{image}
- #26,915
- Feb 13, 2014 1:42am Feb 13, 2014 1:42am
{quote} Agreed. I am short from 1.6605. I looking for a return to the 21 EMA or 61.8% of recent high which should take us to 1.6500 (TWT)
Thanks. Anyway, considering yesterday GBP strength, will it really down to 1.6500? I'll look forward to move my TP depending on the situation. 
- #26,918
- Feb 13, 2014 3:36am Feb 13, 2014 3:36am
Ouch... is it false signal just now?{image}
Hope this makes sense my friend.
- #26,919
- Feb 13, 2014 3:40am Feb 13, 2014 3:40am
@ THEO :
Hi Buddy - haven't forgotten you. Just trying to provide a couple of links that might cover your questions for you.
Just got home from son's 20 th Birthday shout at the Pub so will finish my post to you in the AM before work. Take care with your pips.
Hi Buddy - haven't forgotten you. Just trying to provide a couple of links that might cover your questions for you.
Just got home from son's 20 th Birthday shout at the Pub so will finish my post to you in the AM before work. Take care with your pips.
- #26,920
- Feb 13, 2014 4:01am Feb 13, 2014 4:01am
{quote} Hi FW - It happens buddy. Can I just say there was no signal IMHO to go short where you did. Price very Bullish and even though it is moving further away from the 8 & 21, there is nothing to stop the move to the 1.6700 level which is also a Weekly Level of Resistance. Just the way I am seeing this at the moment. You have ( I am guessing ) taken a short based on the H4 Round Top Counter Trend trade signal. Remember - if you are going to be CT, there must be a significant rebound away from a MAJOR level of S or R and if you are satisfied this...
Thanks, buddy. That's enlightened me.
Yes, I took the short based on the H4 Round Top which turn red on 2nd bar. I thought it will come back to EMA8. The resistance that I saw was 1.6667 which was Jan 24, 2014 high. Guess it will test the resistance first before it falls?
