4 Hour Strategy (MACD)

Quoting yaakruay

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I've had this trade going for 4 hours and it hasn't moved much but i have 4 pips profit on the table... Would you keep it or close it...as it's an overnight trade for me..so i will see what happens in 8 hours.. Any suggestions or opinions... edit.....i closed it before i went to bed, change of heart about leaving it overnight....silly silly silly boy....it went down as expected could have bagged easy 20-30 pips.. {image}

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Quoting LifesAbeach

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{quote} Hey Hey Don't worry next week you'll make up for it. I was told that I'm trying to hijack the thread and blah blah blah (it wasn't Binnie or Phillip that said that). That was not my intention. Maybe Binnie got the same email. Haha. And don't worry...I will never leave this thread. It's either the 4H Market Rhythm or my Day job!! Here are some examples for those CT trades. {image} {image}

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Quoting mike1349

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{quote} Hi Life, Do you have the dates for these 2 charts handy? It's been cut off. Also what BPM stands for if you don't mind. Thanks Mike

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Quoting toledoFX

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{quote} Saw that signal also, but didn't risk to enter I think, NZD/USD had even better CT signal yesturday morning - double top, divergence on MACD and 4H candle with big tail. That was a really nice opportunity, but i didn't take it. Just watching CT signals for now, not trading. P.S. Noticed, that we have the same terminal time, so 4H candles we have the same. CET time or UK+1 time, right?

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Quoting toledoFX

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LifesAbeach and yaakruay - thank you for your answers! While learning 4H MACD, decided for myself that first of all i will follow the trend and trying not to take CT entries. At least until i am really good in this. But sometimes CT look really nice on 4H For now there is a nice signal TC on AUD/USD 4H timeframe. Missed a nice opportunity to enter on 15m chart, so now stop-loss is really big. Will see what happen! Up trend may continue till...

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Quoting mike1349

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{quote} Hi Life, Do you have the dates for these 2 charts handy? It's been cut off. Also what BPM stands for if you don't mind. Thanks Mike

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Quoting LifesAbeach

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Losing trade for the day. Comments welcome as always. Got stopped out by 3 pips. Looks like price might go down now to the predicted TP level. {image} {image}

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Quoting toledoFX

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LifesAbeach and yaakruay - thank you for your answers! While learning 4H MACD, decided for myself that first of all i will follow the trend and trying not to take CT entries. At least until i am really good in this. But sometimes CT look really nice on 4H For now there is a nice signal TC on AUD/USD 4H timeframe. Missed a nice opportunity to enter on 15m chart, so now stop-loss is really big. Will see what happen! Up trend may continue till...

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Quoting LifesAbeach

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{quote} Hey those dates: EURUSD 10July2013 and USDCAD 28January2013 {image} {image}

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Quoting yaakruay

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{quote} BPM = Breakout Pullback Move away (not sure if this was used before but Binnie used to use this alot...where are you Binnie???) Damn i only deleted loads of old files yesterday showing BPM..... Try a forum search BPM

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Quoting yaakruay

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Aud/USD Waiting for a bearish breakout Wait for the macd to below zero Price to close under the 21 and make BPM The head towards the 89... (this is my plan to watch for.) The opposite is for the macd to bounce from zero make a TC and price to move higher bouncing off the 8 or 21 I don't see this happening but we have to have a plan for up/down or sideways. Euro.... I can't see a trade yet maybe a CT coming I think another retrace is coming as the last move up did not give a signal on the macd so is price exhausted. Waiting for price to show itself...

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Quoting LifesAbeach

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{quote} I'm thinking up. But it's hard to tell. Will have to wait and see. {image} {image}

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Quoting nic73

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Hi guys, Time to post my question again on this forum. It about AUDNZD a couple of days ago. I thought the market was moving and wanted to enter after the close of the 4hr candle but then there was a long spike (on top) of the candle at close. That spike there, is there an indication that something is happening in the market and that it is not time to enter the trade as it might mean price cannot move up any further? Or should I take the trade since it has broken the 21ema and enter for buy? As indicated in the chart, price move upward and make...

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Quoting nic73

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Hi, I am posting another question here. I am not a person who can express myself very well, but I hope the thoughts in my mind is made clear and understandable here. It's about EURUSD, I have the questions within the chart. Hope someone can help. Thanks once again.{image}{image}

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