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4 Hour Strategy (MACD)

  • #27,261
  • Mar 25, 2014 2:13am Mar 25, 2014 2:13am
Quoting yaakruay
{quote} You are very confident in your trading, i notice you are now always contemplating the CT too, which i am now shy of. If you do not monitor those CT trades all the time, you have to be tight with the stop loss and take profit......I have learnt the hard way.. No guarantees in this game..But this is the BPM or TC i am waiting for. Price is trading around my top TL as TL are subjective to your charts/candles/broker/server time and you drawing them I am not to concerned until I see a rapid descent to the 21 or more, then change of plan...(if...
Hey Richard. Mine looks more or less like yours. Either a move to the upside or even a move down according to the Daily.
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  • #27,262
  • Mar 25, 2014 2:13am Mar 25, 2014 2:13am
Quoting yaakruay
{quote} You are very confident in your trading, i notice you are now always contemplating the CT too, which i am now shy of. If you do not monitor those CT trades all the time, you have to be tight with the stop loss and take profit......I have learnt the hard way.. No guarantees in this game..But this is the BPM or TC i am waiting for. Price is trading around my top TL as TL are subjective to your charts/candles/broker/server time and you drawing them I am not to concerned until I see a rapid descent to the 21 or more, then change of plan...(if...
Yeah Richard - confidence or just accepting what I am seeing. Price will tell you what you need to do.I am always open to having Plan A & B. Just act on what you see. It does not matter if you are wrong sometimes - the main thing we need to learn is that we are right more than wrong. & please please do not move stops in any circumstance. If you are wrong - let the market tell you so by hitting your stops. But sometimes when you know you are wrong - there is nothing that says you cannot terminate with a loss - rely on your anticipation. I am getting there slowly and I really feel you guys will be there with me.
This Aussie is now back under the T/line - what are my options now?? If this current candle closes towards the low of the bar and tells me Bearish, then I will expect a wee run back down to the 21 even if it is just a retracement. There are still about 20 pips to be made. My stop will be just back above the T/Line so it is worth a CT . Just my thoughts.

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  • #27,263
  • Mar 25, 2014 2:34pm Mar 25, 2014 2:34pm
Quoting LifesAbeach
{quote} Hey Richard. Mine looks more or less like yours. Either a move to the upside or even a move down according to the Daily. {image} {image}

I am not in the trade, i have taken profit but i could have got in this morning at 7am UK time....I was watching it develop from the h4 to the m5....But i had an order filled overnight and didn't want to give back the 20 pips in the bank...so i stayed out...

Even though my gut/coffee beans, the moon, sun and stars were all screaming at me, take it, take it....i resisted....It's a milestone in my trading..

I have learnt to wait....I have still learnt by seeing the set up and watching it develop...So i am happy about that..

I will wait and see what happens before moving on....I am not in it now, i just want to see it finished, where it goes too and how.

I like your compass fx site..have watched a few videos...nice....short, concise and to the point....

I ditched my weekly pivot and took that one too...

The Euro is a bit nuts at the moment and the Kiwi and Aussie seem more stable...I sure people are hurting from the Euro and those 100 pip moves..
  • #27,264
  • Mar 26, 2014 12:15am Mar 26, 2014 12:15am
Euro going anywhere ??

Travel between the 89 & 200 so gotta be patient. Watching for some action from either boundary.

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Pound-
.
Watching for pull back to 21 then heading towards the 89

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Kiwi -

Missed this move so gotta wait for a pullback to the 21 and reset a plan of attack.

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  • #27,265
  • Mar 26, 2014 1:13am Mar 26, 2014 1:13am
Quoting yaakruay
{quote} I am not in the trade, i have taken profit but i could have got in this morning at 7am UK time....I was watching it develop from the h4 to the m5....But i had an order filled overnight and didn't want to give back the 20 pips in the bank...so i stayed out... Even though my gut/coffee beans, the moon, sun and stars were all screaming at me, take it, take it....i resisted....It's a milestone in my trading.. I have learnt to wait....I have still learnt by seeing the set up and watching it develop...So i am happy about that.. I will wait and...

.i resisted....It's a milestone in my trading.. I have learnt to wait..

thats' worth a beer buddy - so I will have one for you right now
  • #27,266
  • Mar 26, 2014 2:31am Mar 26, 2014 2:31am
Quoting binnie
{quote} .i resisted....It's a milestone in my trading.. I have learnt to wait.. thats' worth a beer buddy - so I will have one for you right now

The story of my life...I'll be at the airport when my ship comes in!

I could have got in yesterday at 1.9128...i remember the figure as i filled out the order form on MT4...but then cancelled instead of pulling the trigger...i only had a 10 pip stop loss too as i went down to the m5..... ..

Righto, lets move on to the next..... happy with taking some profit and making the correct call....


It's true about waiting, i have not taken a quick order on my phone whilst at work.......save money baby! leave that android app alone...use it for watching only..
  • #27,267
  • Mar 26, 2014 2:30pm Mar 26, 2014 2:30pm
Follow up :

Pound - turns out to be a healthy trade but at worst a B/Even because of those wicks. Did not enter anyway so just following my rules is a win in my mind.

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Kiwi - looking ok for a set up TC. Watching today

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Euro - Plan B achieved and Price now sitting at lower support. Watch for bounce back up or a BPM thru the 200.
  • #27,268
  • Mar 27, 2014 3:09am Mar 27, 2014 3:09am
Quoting binnie
Follow up : Pound - turns out to be a healthy trade but at worst a B/Even because of those wicks. Did not enter anyway so just following my rules is a win in my mind. {image} Kiwi - looking ok for a set up TC. Watching today {image} Euro - Plan B achieved and Price now sitting at lower support. Watch for bounce back up or a BPM thru the 200.

Need to leave for work..

Hope you can understand my quick charts

Kiwi is up.

Euro down...

The tea leaves, moon and stars are all lining up ! hahaha wtf do i know...

happy pippin
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  • #27,269
  • Mar 27, 2014 2:19pm Mar 27, 2014 2:19pm
Before Work:

Aussie - watching for Divergence & pullback to 21. On lookout for another TC soon - head higher still ???

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Kiwi - Missed this -after waiting patiently too . Nice to see patterns like this do feature quite often. Next time

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  • #27,270
  • Edited 9:23pm Mar 27, 2014 9:05pm | Edited 9:23pm
Binnie,


The missed opportunities never end, just get used to it and look for the next one. I took a trade on the EUR/AUD a few days ago and got 70+ pips out of it. However, .IF I had stayed in the trade it could have been a lot more. Here is the trade. You can see the TC on the 4 hr. I waited for a pullback on the 1 hr and entered. I exited b/c I thought price would stay in the consolidation price range. However, price has clearly busted out of it. Price is now at 1.4785. IF I had stayed in it with my larger account, I could of fully paid for the vacation I'm taking next wk. Oh well, there will always be another chance
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  • #27,271
  • Mar 27, 2014 9:26pm Mar 27, 2014 9:26pm
Quoting Morelands
Binnie, The missed opportunities never end, just get used to it and look for the next one. I took a trade on the EUR/AUD a few days ago and got 70+ pips out of it. However, .IF I had stayed in the trade it could have been a lot more. Here is the trade. You can see the TC on the 4 hr. I waited for a pullback on the 1 hr and entered. I exited b/c I thought price would stay in the consolidation price range. However, price has clearly busted out of it. Price is now at 1.4785. IF I had stayed in it with my larger account, I could of fully paid for the...
Hello
Very early here 4 am
watch nzd/u another 100 pip Up on the way
  • #27,272
  • Mar 28, 2014 1:27am Mar 28, 2014 1:27am
Quoting egkid
{quote} Hello Very early here 4 am watch nzd/u another 100 pip Up on the way
Good to hear from you my friend. Good luck with that one, not my pair to trade
  • #27,273
  • Mar 28, 2014 3:16am Mar 28, 2014 3:16am
Quoting Morelands
Binnie, The missed opportunities never end, just get used to it and look for the next one. I took a trade on the EUR/AUD a few days ago and got 70+ pips out of it. However, .IF I had stayed in the trade it could have been a lot more. Here is the trade. You can see the TC on the 4 hr. I waited for a pullback on the 1 hr and entered. I exited b/c I thought price would stay in the consolidation price range. However, price has clearly busted out of it. Price is now at 1.4785. IF I had stayed in it with my larger account, I could of fully paid for the...

Hi Morelands,

Lets have more charts from you, if you are trading real money too, as at the moment all the main posters are trading real money, not demo..
(a little bit different when managing your own money in trades, rather than demo and let it run, change stop loss blah blah does not matter...etc)

The Aussie and Kiwi have been on a month long bull run, surely its time for it to end with profit taking, end of the month etc..

Expect to see sideways action, hopefully without a horrible plunge down, then i will be looking to buy again...

Big drop horrible h4 bearish candles would make a different story...lets wait and see..

Happy days



Binnie, missing that train ride is agonising but better to miss the correct train than to end up at the wrong station... sounds like Aesops fable...
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  • #27,274
  • Mar 28, 2014 2:51pm Mar 28, 2014 2:51pm
Quoting yaakruay
{quote} Hi Morelands, Lets have more charts from you, if you are trading real money too, as at the moment all the main posters are trading real money, not demo.. (a little bit different when managing your own money in trades, rather than demo and let it run, change stop loss blah blah does not matter...etc) The Aussie and Kiwi have been on a month long bull run, surely its time for it to end with profit taking, end of the month etc.. Expect to see sideways action, hopefully without a horrible plunge down, then i will be looking to buy again... Big...


better to miss the correct train than to end up at the wrong station. - heh heh I like this
Thanks guys
  • #27,275
  • Apr 1, 2014 12:13pm Apr 1, 2014 12:13pm
looks like we are done here eh?
Has been good but time to move ahead now. Thanks for support you regulars and kudos to you Phillip for everything you have done for us. I think I am on my way thanks to you.
Caio all.
Safe trading.
Brian ( Binnie )
  • #27,276
  • Apr 1, 2014 2:46pm Apr 1, 2014 2:46pm
Looking to buy GBP/USD

Target wr1 1.6730 ish

Reasons.
Nice bullish run, followed by consolidation.
Trading above WP
(daily chart looks good for a nice run up attacking previous highs too)

Price still above 8/21/89

Hovering on the 200...can this be support and spring board

Couple of nice wicks on the lower candle

Macd red bars angling down to zero...get bounce off zero or green bar....TC...go go go

This is my plan/watch for now...

Looks like everyone fell off the radar...me too for a while..i was expecting to read pages and pages...hahaha oh no, there was sweet fa to read....
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  • #27,277
  • Apr 1, 2014 3:57pm Apr 1, 2014 3:57pm
Quoting binnie
looks like we are done here eh? Has been good but time to move ahead now. Thanks for support you regulars and kudos to you Phillip for everything you have done for us. I think I am on my way thanks to you. Caio all. Safe trading. Brian ( Binnie )

I didn't see your post before i posted mine.....

I said at the bottom of my post i was surprised there was nothing to read...

I have been busy and sometimes just don't have time to post even though i scan the forum daily...

You'll be back ! lets hope so as your insight and easy to read charts are a great help in learning and understanding.

Hang on a minute...April the 1st...hahaha got it now....it twas a joke...hahaha nice one.. You had me for a while...
  • #27,278
  • Apr 2, 2014 10:11am Apr 2, 2014 10:11am
What is/are the significance of 200sma and 365ema? Can they be used as next target profit?
  • #27,279
  • Apr 2, 2014 12:57pm Apr 2, 2014 12:57pm
Quoting nic73
What is/are the significance of 200sma and 365ema? Can they be used as next target profit?

The first targets are the 8/21 ema.
2nd profit targets are the 89 or 365.
3rd target could be round numbers 1.2100 etc.

Price can get stuck between the moving averages too, so this would be consolidation and a different way of playing the market.

It is explained in the youtube video.


Please read the document and watch the video, it has all the answers but please ask any questions as there is alot of information.
Plus, it's fun answering the question because i get to review stuff again for further understanding.

Inserted Video


There are more advanced traders on here but for now they are having a holiday, they will be back shortly...but keep asking and good luck.
Attached File(s)
File Type: pdf 4 Hour MACD Forex Strategy (1).pdf   635 KB | 686 downloads
  • #27,280
  • Apr 3, 2014 1:01am Apr 3, 2014 1:01am
Quoting yaakruay
{quote} The first targets are the 8/21 ema. 2nd profit targets are the 89 or 365. 3rd target could be round numbers 1.2100 etc. Price can get stuck between the moving averages too, so this would be consolidation and a different way of playing the market. It is explained in the youtube video. Please read the document and watch the video, it has all the answers but please ask any questions as there is alot of information. Plus, it's fun answering the question because i get to review stuff again for further understanding. http://www.youtube.com/watch?v=ruPS0MZYCaU...
Oh this is one video I have missed out completely! No wonder I could not understand some things the members shared on this forum.

Ok, I have gone through the video and will do so till I understand it fully. Will ask you if there is anything that I do not understand.

Thank you so much.

Nicholas
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