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4 Hour Strategy (MACD)

  • #27,181
  • Edited 12:37pm Mar 16, 2014 12:24pm | Edited 12:37pm
Quoting LifesAbeach
{quote} Thanks for the indicator. I think it's the same one I use. The lines correspond. Something I've noticed on those counter trends is that when you enter a counter trend trade and you switch to the 1H and monitor the 1H TF you can reduce your loss by exiting a trade when price bounces off the 21ema or 89sma (or in between these two) and gives a TC/RB/RT/break_through_zero. It's just something I've noticed recently. I haven't backtested it yet. Just make sure. Doing this you might not get to your full TP area. Here are 2 examples I just spotted....
Kak....we use a word that sounds similar in England...no spelling as its a slang word...cack maybe ..it translates as shit.... or "that UJ trade was cack)

Put some jokes up, why not, i guess only Phillip can moderate the thread and if it keeps it moving along its all good by me...

I have had no time again this weekend for study...so next time i check the charts i am only going for TC's this week......no counter trends unless i can monitor the whole trade. ..

cumon Liverpool ....hehe...beer and sports has taken up this weekend.

ps other questions...

Where the hell and what happend to the Malaysian jet...what ever its the first of this kind too happen.
  • #27,182
  • Mar 16, 2014 12:29pm Mar 16, 2014 12:29pm
Quoting Mr.AG
{quote} Sorry mate, is it MACD supported in MT4 Build600+? I been trying to put into my MT4 indicator folder but unable to execute. Help appreciated. Regards Mr.AG

Have you experienced installing other indicators or is this the first time, once you know how to do it, it's a simple process.

When you go to the indicator button and the pulldown menu appears are you going to the custom tab? you should see the indicator there..

Can you show screen shots of your problem..its much easier for me to understand...

cheers...
  • #27,183
  • Mar 16, 2014 11:10pm Mar 16, 2014 11:10pm
Quoting LifesAbeach
{quote} Thanks for the indicator. I think it's the same one I use. The lines correspond. Something I've noticed on those counter trends is that when you enter a counter trend trade and you switch to the 1H and monitor the 1H TF you can reduce your loss by exiting a trade when price bounces off the 21ema or 89sma (or in between these two) and gives a TC/RB/RT/break_through_zero. It's just something I've noticed recently. I haven't backtested it yet. Just make sure. Doing this you might not get to your full TP area. Here are 2 examples I just spotted....
Can you post your weekly indicator? I like yours a lot better...
  • #27,184
  • Mar 16, 2014 11:12pm Mar 16, 2014 11:12pm
Does Phillip still post to this thread?

Cheers
Aaron
  • #27,185
  • Mar 16, 2014 11:22pm Mar 16, 2014 11:22pm
Quoting purplxd
Does Phillip still post to this thread? Cheers Aaron
Greetings Aaron - welcome to our home. Stick with it and you can expect some fun times. Yes is the answer to your question. Phillip does watch out for us as often as his time allows. His posts are always welcomed by us all. I see you have been looked after by Lifer & Richard ( yaakruay ) - we try to share what we have so if you have some ideas or charts to show us, please do so.
I am not a Pivot Genius so will leave the others to help you out.
  • #27,186
  • Mar 16, 2014 11:22pm Mar 16, 2014 11:22pm
My trade idea: Long AUDUSD targetting 0.9075. SL at 0.9010. Zero bounce on H4 chart.... Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 41 KB
  • #27,187
  • Mar 16, 2014 11:29pm Mar 16, 2014 11:29pm
My Kiwi Watch :

St.Paddy's today so don't know what effect this will have with traders.
I have put my home-made Weekly Pivot up and it is sitting on the 21. Not sure what that means - just another support level for my next long entry ??

Attached Image (click to enlarge)
Click to Enlarge Name: kiwi_17mar.png Size: 41 KB
  • #27,188
  • Mar 16, 2014 11:35pm Mar 16, 2014 11:35pm
Quoting freewilly
My trade idea: Long AUDUSD targetting 0.9075. SL at 0.9010. Zero bounce on H4 chart.... Any thoughts? {image}
Howdy FW - looks ok so I will happily help push you up buddy. Could be a case where the Aussie drags the Kiwi up too so lets go baby
  • #27,189
  • Mar 16, 2014 11:38pm Mar 16, 2014 11:38pm
Quoting binnie
{quote} Howdy FW - looks ok so I will happily help push you up buddy. Could be a case where the Aussie drags the Kiwi up too so lets go baby
The direction is in my favor now...
  • #27,190
  • Mar 16, 2014 11:39pm Mar 16, 2014 11:39pm
Quoting frankysdc
{quote} Let me try...this is the first time. {image} {image} {image}
Great for you Franky - well done. As has already been suggested, it will be nice to see what you are thinking at the time of taking your trades. What makes you enter etc. Welcome aboard mate. We are here to help so call out if you need any assistance.
  • #27,191
  • Mar 16, 2014 11:41pm Mar 16, 2014 11:41pm
@ Mr. AG

Welcome to the thread. Neat family here. look forward to sharing with you.
  • #27,192
  • Mar 16, 2014 11:46pm Mar 16, 2014 11:46pm
Quoting freewilly
{quote} The direction is in my favor now...
Whats your entry buddy ?

My charts slightly different to yours so I am looking to see if I could have got one of those early entries the other guys have been speaking about.
Go get em
  • #27,193
  • Mar 16, 2014 11:58pm Mar 16, 2014 11:58pm
Quoting binnie
{quote} Whats your entry buddy ? My charts slightly different to yours so I am looking to see if I could have got one of those early entries the other guys have been speaking about. Go get em
I put up the chart after I opened my position. So it was slightly lower at 0.9045.
  • #27,194
  • Mar 17, 2014 1:08am Mar 17, 2014 1:08am
Quoting freewilly
{quote} I put up the chart after I opened my position. So it was slightly lower at 0.9045.
Ok - this is my H1 early entry. Perhaps Lifer & Richard can tell me if this the correct way to take these early ones.

Attached Image
  • #27,195
  • Mar 17, 2014 2:24am Mar 17, 2014 2:24am
Quoting binnie
My Kiwi Watch : St.Paddy's today so don't know what effect this will have with traders. I have put my home-made Weekly Pivot up and it is sitting on the 21. Not sure what that means - just another support level for my next long entry ?? {image}

Another reason to celebrate...my liver cannot take anymore......enjoy your Guinness ' es .....

I like your home made pivot...where did you get the information from, which website?

Price likes to interact with the weekly pivots but not so often as to confuse you, like the 89 it gets hit but not too often. Use it as another filter or confirmation.

Freewilly and Binnie nice first trade for the week... have you tried any fibs too see target points?

The daily 200 has to be the long term target, don't you think...

Have a look at the m5 that's showing a great entry point spring board bounce from the 8/21/89/200, easy when you know how and it's in the left side of the screen..hahaha now if i can work the magic to the right side, i'll be laughing...

Off to real work now...happy days all
  • #27,196
  • Mar 17, 2014 3:03am Mar 17, 2014 3:03am
Quoting yaakruay
{quote} Another reason to celebrate...my liver cannot take anymore......enjoy your Guinness ' es ..... I like your home made pivot...where did you get the information from, which website? Price likes to interact with the weekly pivots but not so often as to confuse you, like the 89 it gets hit but not too often. Use it as another filter or confirmation. Freewilly and Binnie nice first trade for the week... have you tried any fibs too see target points? The daily 200 has to be the long term target, don't you think... Have a look at the m5...
FW is in nicely on his Aussie. My Kiwi is pretty slow so hoping the Aussie will pull me up as it goes.
The Weekly Pivot I have on my chart is a basic H + L + C / 3. I don't usually like to have too many items on my charts but after reading your observations about how often there is a reaction at the PP, I wanted to have it as an additional tool where it lines up with my old faithfuls ( ma's & T/Lines)
Have a neat day at work Buddy. Catch you guys tomorrow.
  • #27,197
  • Mar 17, 2014 3:27am Mar 17, 2014 3:27am
One for Bed

Just spotted this on the Euro. Macd is rolling right over with series of lower highs. Will this be the H & S break down ?

Attached Image (click to enlarge)
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  • #27,198
  • Mar 17, 2014 4:05am Mar 17, 2014 4:05am
AUDUSD trade closed. Profit booked 30 pips @0.9075.
  • #27,199
  • Mar 17, 2014 2:58pm Mar 17, 2014 2:58pm
Quoting purplxd
{quote} Can you post your weekly indicator? I like yours a lot better...

I've messed around with it a little.

I taken off the text "weekly pivot line" (this was annoying and in the way)

The weekly pivot line is now thinner too.

Visually it looks better and doesn't clutter up the charts, thanks for the feedback.
Attached File(s)
File Type: mq4 WeeklyPivot.mq4   5 KB | 213 downloads
  • #27,200
  • Mar 17, 2014 3:23pm Mar 17, 2014 3:23pm
Quoting binnie
One for Bed Just spotted this on the Euro. Macd is rolling right over with series of lower highs. Will this be the H & S break down ? {image}

Well spotted Binnie...

My query, how important is that top trendline and can we trust what we see?..will resistance become support and then break?

If that top trendline breaks up and it look like a bullish BPM that right shoulder would move up but when would the head and shoulders be deleted?

I'm getting paranoid now in trading ! hahaha...could we see a consolidation period price moving up looking bullish just over that trendline and then bang...down we go...

So how to play the market rhythm on this?
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-17_2014.png Size: 86 KB
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