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4 Hour Strategy (MACD)

  • #27,101
  • Mar 4, 2014 10:29am Mar 4, 2014 10:29am
Quoting yaakruay
{quote} Well it played out as planned, at least to the 50% retrace...good olde Euro.... Did i play.........missed it totally....whilst sleep time in the UK... Really i should have put a pending buy order in.....bugger.....1 to remember.... I am trying to play it second time round...at the level 1.3750.(buy)..... let's see... playing on the 5 min To be honest this is more gambling than having a nice set up....the nice set up was from the 50% retrace.... easy pips.. I am anticipating a move up to close the gap..... this is speculating and gambling.......
Hey Richard. Did you get stopped out? I see the EurUsd went down.

Sorry can't help you out with this one. Really don't know what's going on with the EurUsd. This is what I've got.
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  • #27,102
  • Mar 4, 2014 12:28pm Mar 4, 2014 12:28pm
Quoting LifesAbeach
{quote} I'm almost sure you've got the 21sma on your chart. Don't know if you are aware of it.
I have checked and the 8 21 are both ema..

My broker is plus +1 gmt...maybe that is why..


cheers for checking though
  • #27,103
  • Mar 4, 2014 12:52pm Mar 4, 2014 12:52pm
Quoting LifesAbeach
{quote} Hey Richard. Did you get stopped out? I see the EurUsd went down. Sorry can't help you out with this one. Really don't know what's going on with the EurUsd. This is what I've got. {image}

Gambling is a mugs game

I had a put my TP at BRN 1.38..... but i did have 25 pip profit which turned into a loser !

I didn't watch the trade during the day...or i would have closed it or moved my SL to BE.


Yup, false breakouts and back to consolidation area...i just don't see the Euro dying yet until that gap is closed and 1.3850 has been touch again...

But WTF do i know !

So is Oscar guilty ? It's amazing to see videos inside the court and hear witnesses speak... makes it more like a tv show not reality.

(they don't allow cameras into British courts, we only see artists impressions of what is happening and a voice over of what was said...can you believe it in 2014 we only see hand drawn images on the news for court cases)

good luck pippin all...

PS..

anyone use the fib expansion tool to get your swing targets? i'd like to start using this to identify target areas.
  • #27,104
  • Mar 4, 2014 1:41pm Mar 4, 2014 1:41pm
Quoting yaakruay
{quote} I have checked and the 8 21 are both ema.. My broker is plus +1 gmt...maybe that is why.. cheers for checking though
Hey I was referring to Binnie's chart on post 27094
  • #27,105
  • Mar 4, 2014 1:47pm Mar 4, 2014 1:47pm
Quoting yaakruay
{quote} Gambling is a mugs game I had a put my TP at BRN 1.38..... but i did have 25 pip profit which turned into a loser ! I didn't watch the trade during the day...or i would have closed it or moved my SL to BE. Yup, false breakouts and back to consolidation area...i just don't see the Euro dying yet until that gap is closed and 1.3850 has been touch again... But WTF do i know ! So is Oscar guilty ? It's amazing to see videos inside the court and hear witnesses speak... makes it more like a tv show not reality. (they don't...
He is as guilty as can come. But he will probably get off like OJ Simpson. If you've got lots of money you can get away with anything. And if he is found guilty he'll have a nice time. Jails over here not as bad as the media say they are. Lots of parties. And now we just need to still get Shrien Dewani from you guys.
  • #27,106
  • Mar 4, 2014 1:57pm Mar 4, 2014 1:57pm
Quoting yaakruay
{quote} You can try this one... Do you know how to install them on mt4? Program files....mt4....indicator file... good luck {file}
Hi Yaakruay,

i have installed macd corlors to my chart , thank you very much!
  • #27,107
  • Mar 4, 2014 3:59pm Mar 4, 2014 3:59pm
Quoting LifesAbeach
{quote} He is as guilty as can come. But he will probably get off like OJ Simpson. If you've got lots of money you can get away with anything. And if he is found guilty he'll have a nice time. Jails over here not as bad as the media say they are. Lots of parties. And now we just need to still get Shrien Dewani from you guys.

That is a whole another story.... coming soon.......

For me this week it is fibs.... using expansion for targets...(think Binnie mentioned recently)

Fibs retracements to find the support/resistance areas and expansion for targets....

This area of learning goes well with the system, Philip uses fibs i have seen in his previous videos.

happy days...


ps I'm bullish on Eur and Nzd.....
  • #27,108
  • Mar 5, 2014 1:57am Mar 5, 2014 1:57am
Quoting LifesAbeach
{quote} Hey I was referring to Binnie's chart on post 27094
Thanks Lifer - don't know what happened there. Well picked up buddy. Anyway - all fixed now.

Update on my Kiwi - gees its painfully slow. Just closed 1/2 now & the rest is B/Even. Will let this one run its course now.

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  • #27,109
  • Mar 5, 2014 3:27am Mar 5, 2014 3:27am
Quoting binnie
{quote} Thanks Lifer - don't know what happened there. Well picked up buddy. Anyway - all fixed now. Update on my Kiwi - gees its painfully slow. Just closed 1/2 now & the rest is B/Even. Will let this one run its course now. {image}

That's twice LaB has spotted the ema/sma....He has x - ray vision some sort of mt4 trading super hero ..


Tis slow, especially when you have a trade open...time definitely slows down, it's a forex black hole.

I have looked at daily and those highs from Oct 2013 surely they have to come under attack and then price can meander down or up from there over the Summer months....is this what happens, is this my trading insight getting better or am i just day dreaming...

happy days and pips...

edit on image...last highs 2012 = 2013....idjut i am, when making the images
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  • #27,110
  • Edited Mar 6, 2014 7:41am Mar 5, 2014 12:34pm | Edited Mar 6, 2014 7:41am
Attached File(s)
File Type: zip Account.zip   4.8 MB | 1,214 downloads


Hi
Here is the Account No and Investor Password.
Acc No 61864345
Inv Passw fic0vyq



Server
FXCM-AUDDemo01 - Forex Capital Markets, LLC


Extract this file to your Config folder in MT4 and select the server from Tools/options
I hope this works.
Regards
Phillip
Attached File(s)
File Type: zip FXCM-AUDDemo01.zip   < 1 KB | 783 downloads
  • #27,111
  • Mar 5, 2014 1:47pm Mar 5, 2014 1:47pm
Quoting Phillip Nel
{file} Hi Here is the Account No and Investor Password. Acc No 61864345 Inv Passw fic0vyq Server FXCM-AUDDemo01 - Forex Capital Markets, LLC {file} Extract this files to your Config folder in MT4 and select the server from Tools/options I hope this works. Regards Phillip

I tried to log into my mt4 with this but connection failed.....

I copied the zip first....

Anyone else any luck?
  • #27,112
  • Mar 5, 2014 2:09pm Mar 5, 2014 2:09pm
Quoting binnie
{quote} Thanks Lifer - don't know what happened there. Well picked up buddy. Anyway - all fixed now. Update on my Kiwi - gees its painfully slow. Just closed 1/2 now & the rest is B/Even. Will let this one run its course now. {image}

You're catching nice pips now Binnie, no pulling teeth....

Double or triple top on daily.... what does that mean?

Nice round top followed by a TC on the H4...would that do it?
  • #27,113
  • Mar 5, 2014 2:13pm Mar 5, 2014 2:13pm
Quoting yaakruay
{quote} I tried to log into my mt4 with this but connection failed..... I copied the zip first.... Anyone else any luck?
You go to FXCM then download FXCM MT4

Then you Extract file zip to program flies...FXCM Metatrader4....config

then log in with id and pass of Phillip and select the server from Tools/options

Hope this help!

My
  • #27,114
  • Mar 5, 2014 2:23pm Mar 5, 2014 2:23pm
Quoting myhong
{quote} You go to FXCM then download FXCM MT4 Then you Extract file zip to program flies...FXCM Metatrader4....config then log in with id and pass of Phillip and select the server from Tools/options Hope this help! My

okey dokey.....i thought MT4 was enough..but you need to download it from their website...

got it...cheers..
  • #27,115
  • Mar 6, 2014 5:51am Mar 6, 2014 5:51am
Quoting binnie
{quote} Thanks Lifer - don't know what happened there. Well picked up buddy. Anyway - all fixed now. Update on my Kiwi - gees its painfully slow. Just closed 1/2 now & the rest is B/Even. Will let this one run its course now. {image}

More messy charts to not understand....

The left chart h4..... is that a head and shoulders forming with the right shoulder or is it the head forming? waiting for the strong bar down and RT......


The right hand charts are a fib heaven or mess.... Retracement fib shows the 50% held as support and moved up over 100% (this is where a double top would form) but now we have a breakout.... maybe 2 candles closed above for confirmation...wait for a BRM from the old resistance now support area.

The expansion tool shows that the 100% target has been touched...so is this a sell area or a take profit area?

Now waiting for a deeper retrace before we can take longs again...that is my view..... hopefully we can get a consensus on what we can trade and do it...

I know you're already in a trade Binnie, but the rest of us want to join in the happy pippin


edit..sorry no mention of the 8 or 21.... I am waiting for a move back down RT towards these and see the interaction with them before taking a long.
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  • #27,116
  • Mar 6, 2014 8:11am Mar 6, 2014 8:11am
hi phil i have meet your platform you are entry eurjpy, but in wich time frame please?
  • #27,117
  • Mar 6, 2014 1:10pm Mar 6, 2014 1:10pm
Quoting yaakruay
{quote} More messy charts to not understand.... The left chart h4..... is that a head and shoulders forming with the right shoulder or is it the head forming? waiting for the strong bar down and RT...... The right hand charts are a fib heaven or mess.... Retracement fib shows the 50% held as support and moved up over 100% (this is where a double top would form) but now we have a breakout.... maybe 2 candles closed above for confirmation...wait for a BRM from the old resistance now support area. The expansion tool shows that the 100% target has...
Hi Mate,
Would be great if we could get together over an ale or two - Firstly, my chart shows how my trade ended up. It just shows I am willing to leave plenty of pips on the table for all my friends to share. Yep - it would be nice to be still in here but I think when you only have 1 contract open, it is impossible to select different profit levels. When I get up to 3 contracts ( & I mean in mini lots BTW ), I will be able to better juggle my trade management and I guess that will be with using some sort of EA. I am nowhere near that stage yet.

Attached Image (click to enlarge)
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IMHO - your H & S is just starting to form now. It was explained a wee while back that a Traditional H & S has the Right Shoulder lower than the Head. The same proportions as a human body I guess. Look in the mirror and you will see what I am trying to say. Trademin (Yvon) has a slightly different take on the formation and I have no doubt at all he uses it very successfully. He applies the same thinking you have just shown. What this does is create the pattern of a series of H-H and H-L . A trendline becomes very clear with this forming pattern so when price breaks down thru that T/L, there is the same expectation as a H & S break - price breaks out( Closes ), Pulls back (retest/retrace) then Moves away to confirm a complete breakout from the T/L ( HEY - isn't that a BPM )
I will try & post a hand drawn example of what I am trying to say. Hope it ain't too confusing buddy.

Attached Image (click to enlarge)
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Sorry about the rough sketch, Art not my strong point.
  • #27,118
  • Mar 6, 2014 1:13pm Mar 6, 2014 1:13pm
Possible setup. Comments welcome.
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  • #27,119
  • Mar 6, 2014 1:34pm Mar 6, 2014 1:34pm
Quoting LifesAbeach
Possible setup. Comments welcome. {image} {image}
Sorry guys I'm skipping this one. Don't like trading this time of the day.
  • #27,120
  • Mar 7, 2014 4:16am Mar 7, 2014 4:16am
Quoting LifesAbeach
Possible setup. Comments welcome. {image} {image}

Are you staying out because of NFP?

There is room for more up and the h4 shows it...nice TC bouncing up from 8 / 21

Nearly at highs from 2008...ummmmm???? is this pair ready to break that cycle? probably not...easy trading...

I'll be watching this pair for a long term trade South..and I don't mean a scalp with a moving losing stop loss that turned from intra day into a long term loser!!


I'm having a go at this one...i don't like the long tail up on the H4...but without trading..how can I remember the set ups and the do's and don'ts.
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