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4 Hour Strategy (MACD)

  • #27,401
  • May 2, 2014 12:22pm May 2, 2014 12:22pm
Quoting yaakruay
Sorry no time for upload.. GBP/USD is looking ready to do something.. Daily.... small candle and a previous shooting start.....macd still making a run up with green bars...to early to enter short...back to the 8 or 21. H4 Price on the 8em after a nice long run up.. Macd nice big RT look a like...6 red bars going down towards zero line. Have a good weekend.....Bank Holiday Monday here again....hiccup.! hehehe
Hope you got some trades in this week. I haven't taken any trades for the past 2 weeks.

Here's a brain teaser for the weekend. It's baffled me for some time now. I might even get nightmares if someone can't give me an answer. I've been going through some charts and came across this one. All according to the rules: Price closed below the 21ema, pulled back slightly above it and now we are expecting a move down. MACD giving a zero bounce and therefore also confirming the move down. But it just shoots up. Why? I have checked everything: There was no news, No pivots, no trendlines, no price levels, no Fibs, No horizontal S/R.
There was even a sHs and a candle with a very long tail about 20 candles back confirming the down move.

So why did the majority of people decide to buy here and not sell?????
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  • #27,402
  • May 2, 2014 1:21pm May 2, 2014 1:21pm
Quoting LifesAbeach
{quote} Hope you got some trades in this week. I haven't taken any trades for the past 2 weeks. Here's a brain teaser for the weekend. It's baffled me for some time now. I might even get nightmares if someone can't give me an answer. I've been going through some charts and came across this one. All according to the rules: Price closed below the 21ema, pulled back slightly above it and now we are expecting a move down. MACD giving a zero bounce and therefore also confirming the move down. But it just shoots up. Why? I have checked everything: There...
Hi Life,
Sorry I am at work and limited access to charts but Just my 2 cents.
First : Because CAD is dependent to Oil like other commodity currencies sometimes it doesn't obey the technical rules. I figure that out after blew up an account couple of years back playing with CAD. Studied articles about countries buy CAD when their oil contracts must be renewed and despite of no official news in calendar that makes CAD to jump up.(May be that happened in your case )

Second: I also have 25 EMA Low in my chart too.That helps me to weed out lots of bad trades.Put it in your chart and see where this candle closed.

I hope it helps
Good weekend
Mike.

P.S. Just went to another forum and read that :

http://www.forexfactory.com/showthre...42#post7439442
Failure, is a wonderful teacher!
  • #27,403
  • Edited 12:51am May 3, 2014 12:22am | Edited 12:51am
Quoting mike1349
{quote} Hi Life, Sorry I am at work and limited access to charts but Just my 2 cents. First : Because CAD is dependent to Oil like other commodity currencies sometimes it doesn't obey the technical rules. I figure that out after blew up an account couple of years back playing with CAD. Studied articles about countries buy CAD when their oil contracts must be renewed and despite of no official news in calendar that makes CAD to jump up.(May be that happened in your case ) Second: I also have 25 EMA Low in my chart too.That helps me to weed...
Thanks Mike. Will have to do some more research on that. Also checked out the thread. Looks like everyone had problems with the CAD.
By the way: Trading Made Simple is one of the first strategies I checked out before I stumbled upon the 4H MACD. But I soon realized that the two are very much the same. Check out these charts. A TDI cross is a TC or RT/RB and a TDI bounce usually happens when the speed is fast and price is bouncing off the 8ema. Also if you look at the green TDI line you can see that it takes on the exact movement and form of the MACD. I think the green TDI is a 5ema MA or a similar indicator. I stopped using this strategy because I found it difficult to backtest.
But I will be monitoring the TMS thread more often. Maybe I can learn something new. I read through some recent posts and saw some traders making 600-1000 pips a month. I must be doing something wrong somewhere.
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  • #27,404
  • May 3, 2014 1:55am May 3, 2014 1:55am
for make 1000+pips at month need trade short me used and make more then 1000pips at month
  • #27,405
  • May 3, 2014 2:13am May 3, 2014 2:13am
Quoting justsignals
for make 1000+pips at month need trade short me used and make more then 1000pips at month

Yoda are you ?
  • #27,406
  • May 3, 2014 2:16am May 3, 2014 2:16am
who is YODA?me make money in binary options and forex and no i am YODA if you want make money in BINARY options ceck my threads for make money in forex not know the way for copy my trade if you know say me
  • #27,407
  • May 3, 2014 2:21am May 3, 2014 2:21am
Quoting justsignals
who is YODA?me make money in binary options and forex and no i am YODA if you want make money in BINARY options ceck my threads for make money in forex not know the way for copy my trade if you know say me

Errrr ok


Ok Mr Guru what would you do with GBP/USD right now?
  • #27,408
  • May 3, 2014 2:26am May 3, 2014 2:26am
i make short time trade but gbp/usd open whit up minim 10 pips in first 2/3 hour
  • #27,409
  • Edited 2:42am May 3, 2014 2:27am | Edited 2:42am
Quoting mike1349
{quote} Hi Life, Sorry I am at work and limited access to charts but Just my 2 cents. First : Because CAD is dependent to Oil like other commodity currencies sometimes it doesn't obey the technical rules. I figure that out after blew up an account couple of years back playing with CAD. Studied articles about countries buy CAD when their oil contracts must be renewed and despite of no official news in calendar that makes CAD to jump up.(May be that happened in your case ) Second: I also have 25 EMA Low in my chart too.That helps me to weed...
Looks like a well thought out and knowledgeable reply.

The only thing i can see on my charts/broker is an area of consolidation around the zero line...there is no movement for 3 candles and the zero bounce is not really given on my charts...

Your macd is more defined than on my charts....

I know it doesn't answer the question but then my charts were not really giving me a signal either.


ps...Mike...you joined in 2007..... You must have been to Mars and back not to be living on your own private island surrounded by olive skinned beauties pressing buy or sell for you. !

What happened how come you haven't made millions...are you going to burst my bubble and tell me the dream is not possible


LAb...No real trading.....i lost once and made some pips back. I've been busy doing other things and have not been studying much or playing...so this month was a break even month..i made a tenner £10 (10 pence per pip) real money but decided to give it back with a few stupid decisions...back to square one..trading for me is like snakes and ladders!
  • #27,410
  • May 3, 2014 2:34am May 3, 2014 2:34am
Quoting justsignals
i make short time trade but gbp/usd open whit up minim 10 pips in first 2/3 hour

Yeah, I'm short too but not yet....i am holding back.

A weak candle on the daily
macd now forming a round top, closed with a red bar, and showing divergence

trade back to the 21

h4 As i pedicted in a previous post (maybe i should be a commercial member!) the price dropped

Almost hit the 89 but made a quick climb back up to the 8..... but not a big enough bounce off zero for me to enter long...

I am waiting for the price to go back under the 8/21.

What say you? Why are you selling?
  • #27,411
  • May 3, 2014 2:39am May 3, 2014 2:39am
not sell lol i say up =buy in first hour and closed at 10 pips why ? my fibo is in 0 resistence and value charts at -6 rsi 20 then is buy for a minim 10 pips in first hour
  • #27,412
  • May 3, 2014 8:45am May 3, 2014 8:45am
Quoting justsignals
for make 1000+pips at month need trade short me used and make more then 1000pips at month
I really don't understand your English. What short trade should I do? How do you trade? What strategy do you use? Are you a signal service? What if something happens to you tomorrow, who's going to give me signals then?
  • #27,413
  • May 3, 2014 8:45am May 3, 2014 8:45am
Quoting justsignals
not sell lol i say up =buy in first hour and closed at 10 pips why ? my fibo is in 0 resistence and value charts at -6 rsi 20 then is buy for a minim 10 pips in first hour
Please explain with a chart.
  • #27,414
  • May 3, 2014 8:46am May 3, 2014 8:46am
Quoting yaakruay
{quote} Yeah, I'm short too but not yet....i am holding back. A weak candle on the daily macd now forming a round top, closed with a red bar, and showing divergence trade back to the 21 h4 As i pedicted in a previous post (maybe i should be a commercial member!) the price dropped Almost hit the 89 but made a quick climb back up to the 8..... but not a big enough bounce off zero for me to enter long... I am waiting for the price to go back under the 8/21. What say you? Why are you selling?
????????????? What are you guys talking about? Aren't the markets closed?
  • #27,415
  • May 3, 2014 9:48am May 3, 2014 9:48am
Quoting LifesAbeach
{quote} ????????????? What are you guys talking about? Aren't the markets closed?
I was having a chat with myself from a previous post i made about GBP falling and why...to reinforce my learning.

Yoda joined the thread and I was trying to understand what, saying and selling, was he. Hmmmmmm.

LAb I'll translate your post

Your english I really understand not. I do, what short trade should, hmm? How you trade, hmm? What strategy use do you, hmm? Signal service are you, hmm? To you tomorrow what if something happens, who's give me signals then going to, hmm? Yeesssssss
  • #27,416
  • May 3, 2014 10:34am May 3, 2014 10:34am
Quoting yaakruay
{quote} I was having a chat with myself from a previous post i made about GBP falling and why...to reinforce my learning. Yoda joined the thread and I was trying to understand what, saying and selling, was he. Hmmmmmm. LAb I'll translate your post Your english I really understand not. I do, what short trade should, hmm? How you trade, hmm? What strategy use do you, hmm? Signal service are you, hmm? To you tomorrow what if something happens, who's give me signals then going to, hmm? Yeesssssss

Haha don't joke. At least he's making a 1000 pips a month. We're not.

The fall could be due to the news that came out positive for the USD.
  • #27,417
  • May 3, 2014 11:10am May 3, 2014 11:10am
used MBFX STRATEGY +GOG+RSI+VALUE CHARTS+FIBONNACI AND last month i make 1000pips in real account
  • #27,418
  • May 3, 2014 11:36am May 3, 2014 11:36am
Quoting justsignals
used MBFX STRATEGY +GOG+RSI+VALUE CHARTS+FIBONNACI AND last month i make 1000pips in real account
Which version are you using? I see MBFX V2.2 is ONLY $40. Maybe Richard would like to purchase a copy of that version. It looks great. And VERY PROFITABLE. I know he is looking forward to making a 1000 pips every month.
  • #27,419
  • May 3, 2014 12:08pm May 3, 2014 12:08pm
not used 100% mbfx i make more update and put me RSI and FIBONACI mbfx not used rsi and fibonaci
  • #27,420
  • May 4, 2014 1:43am May 4, 2014 1:43am
Quoting LifesAbeach
{quote} Which version are you using? I see MBFX V2.2 is ONLY $40. Maybe Richard would like to purchase a copy of that version. It looks great. And VERY PROFITABLE. I know he is looking forward to making a 1000 pips every month.

You're too funny...the thread is really taking off now!

1000 pips per month is easy for me.....Oh you mean to win not lose!
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