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4 Hour Strategy (MACD)

  • #27,601
  • Jun 10, 2014 1:45pm Jun 10, 2014 1:45pm
Quoting akir
EUR/JPY Call, - nice pin bar on W Res. - will go short if Macd going that way. {image}
hi Akir,
I am watching the thread once in a while and I just saw your chart. I found it to be a very good example of a break, pull back and move away. It needs patience to see a nice set up like that ,nice job! so nice that I got in ,(a bit late!) and got some profit out of it already, thank for the hint! ...still in.

I was involve also on the spike down that the eurusd did , good profit, later got back in ...still in...

on the weekly it shows a pull back an a move away, on the 4hrs, same trade. still in

keep doing the good work,
Yvon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy short.png Size: 130 KB
Click to Enlarge Name: eurusd-w1-ava-financial-ltd-thanks-2.png Size: 132 KB
Click to Enlarge Name: eurusd-w1-ava-financial-ltd-thanks-3 4HRS.png Size: 122 KB
Yvon
  • #27,602
  • Jun 10, 2014 2:24pm Jun 10, 2014 2:24pm
on the AUDNZD:

RT on the Daily chart, candles tails pushing price down, widening range between 8 and 21ema,( could we expect a pull back to 21ema?) daily ATR could range about 80 pips, (about 20 done already), close stop in case of a break out.
4hrs chart:
Third top on the making?
Indecision candles on the 4 hrs chart.
I’m taking the risk for 35 pips for a 65 pips gain minimum

Yvon
Attached Image (click to enlarge)
Click to Enlarge Name: AudNzd.png Size: 101 KB
Yvon
  • #27,603
  • Jun 10, 2014 8:17pm Jun 10, 2014 8:17pm
Thanks FF for the ten years! It allowed me to exchange with fine traders, Thanks for the t-shirt! happy years at the FF everyone

Yvon
Yvon
  • #27,604
  • Jun 10, 2014 8:24pm Jun 10, 2014 8:24pm
Quoting trademin
Thanks FF for the ten years! It allowed me to exchange with fine traders, Thanks for the t-shirt! happy years at the FF everyone Yvon
Agreed Yvon,
Thanks for being part of my life everyone. Success to us all.
Yvon - what about a T shirts reunion party your place ?? LOL
Gees we could all have some fun couldn't we ?? Perhaps make the odd trade together to help pay for it all. What think you??
Best regards guys - keep the thread going.
  • #27,605
  • Jun 10, 2014 8:38pm Jun 10, 2014 8:38pm
Quoting binnie
{quote} Agreed Yvon, Thanks for being part of my life everyone. Success to us all. Yvon - what about a T shirts reunion party your place ?? LOL Gees we could all have some fun couldn't we ?? Perhaps make the odd trade together to help pay for it all. What think you?? Best regards guys - keep the thread going.
Giving Nice Words again for everyone...that's Binnie's way ! thanks Binnie for all the nice words you're giving all around, be blessed for that.
Yvon
  • #27,606
  • Jun 10, 2014 8:43pm Jun 10, 2014 8:43pm
by the way...
while we're talking...

the eurusd keeps going down( SECURED 75pips), as well as audnzd and eurjpy maybe going down too.
Yvon
  • #27,607
  • Jun 10, 2014 11:01pm Jun 10, 2014 11:01pm
Quoting trademin
by the way... while we're talking... the eurusd keeps going down( SECURED 75pips), as well as audnzd and eurjpy maybe going down too.
Good ride my friend - where you heading ? I am seeing the 1.3500 level as a judder bar but if it can get under there & hold, will watch a run down to the 1.3550 level which is the Weekly 89.

Attached Image (click to enlarge)
Click to Enlarge Name: EU_11June.png Size: 32 KB


Have a look at the Kiwi - T/Line Resistance is breached. Jump down a T/Frame to see if the H1 can give a Pull Back / Move Away ? ( I missed the 15min entry )
  • #27,608
  • Jun 10, 2014 11:26pm Jun 10, 2014 11:26pm
Did anyone capture these ones here- EURUSD? Binnie and Trademin, can I request for you kind insight to this, how would one enter and when? Using shorter TF? How. Please can someone help me with this. Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-11_1221.png Size: 23 KB
  • #27,609
  • Edited Jun 11, 2014 6:46am Jun 10, 2014 11:31pm | Edited Jun 11, 2014 6:46am
Quoting binnie
{quote} Good ride my friend - where you heading ? I am seeing the 1.3500 level as a judder bar but if it can get under there & hold, will watch a run down to the 1.3550 level which is the Weekly 89. {image} Have a look at the Kiwi - T/Line Resistance is breached. Jump down a T/Frame to see if the H1 can give a Pull Back / Move Away ? ( I missed the 15min entry )
Hi,
There’s a very tight SL on it and as mentioned earlier,75 pips is secured. Now price is about 1.3530, and expecting not moving up very high, then back down again. Sure 1.3500 is there as a barrier, price could oscillate a bit from there, cause some traders taking profit at that level.

If price is taking my SL, it’s ok. But if price just keep moving down, maybe 1.3300 wouldn’t be a crazy target! Will see!

SL hit: 75 pips gain the trade is closed... but still watching that pair!
Yvon
  • #27,610
  • Edited 12:42am Jun 11, 2014 12:20am | Edited 12:42am
Quoting nic73
Did anyone capture these ones here- EURUSD? Binnie and Trademin, can I request for you kind insight to this, how would one enter and when? Using shorter TF? How. Please can someone help me with this. Thank you{image}
edit...apologies...i posted this before i read the part about the using a smaller time frame.
I usually only go to the H1 now, that's about as low as I can go. I don't have the time or a strong heart to watch the M5 anymore.

My chart attachment shows the same move from the M5 and H1...I know i prefer to watch the H1/h4/daily now. That is just me and my style.


The answer is in your charts.

1st green arrow..aggressive
If you are an aggressive trader, you would have sold after that long red candle and break below zero on the macd.

2nd green arrow conservative
That second green arrow on your charts...well for me that is as good as signal as you can get for a short trade..that would have been the conservative trade

I am sure other people can add more detail.

Good luck

ps. When you are asking people to show you how to get the moves, is it because you have only seen the whole picture afterwards.

If this is the case, maybe you are checking too many pairs and not seeing the moves in the making.

This is why as a novice trader i cut back to only 4 currencies, so my memory retention can just about keep up with those and what is happening.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-09_1831.png Size: 87 KB
  • #27,611
  • Jun 11, 2014 12:24am Jun 11, 2014 12:24am
Quoting binnie
{quote} Agreed Yvon, Thanks for being part of my life everyone. Success to us all. Yvon - what about a T shirts reunion party your place ?? LOL Gees we could all have some fun couldn't we ?? Perhaps make the odd trade together to help pay for it all. What think you?? Best regards guys - keep the thread going.

The gurus have dropped in for a visit

Nice timing, i was getting a bit lonely and off track..

Thanks for the charts and information.
  • #27,612
  • Jun 11, 2014 12:26am Jun 11, 2014 12:26am
Quoting nic73
Did anyone capture these ones here- EURUSD? Binnie and Trademin, can I request for you kind insight to this, how would one enter and when? Using shorter TF? How. Please can someone help me with this. Thank you{image}

hi nic73,
this is my explaination, anyone else could have other solution to it, and it is great!

There’s a very tight SL on it and as mentioned earlier,75 pips is secured. Now price is about 1.3530, and expecting not moving up very high, then back down again. Sure 1.3500 is there as a barrier, price could oscillate a bit from there, cause some traders taking profit at that level.

If price is taking my SL, it’s ok. But if price just keep moving down, maybe 1.3300 wouldn’t be a crazy target! Will see!

There is not much to say since the chart shows what is there. I just got to be at the right place at the right time.
First trade:
After 3 tops I just expected a serious move. (which appended)
At 1-2-3 there is tails showing a pressure down.
There is also a consolidation range about 45 pips. I got in a about the high, so I was expecting a 45 pips down or so on the 4hrs charts, but ATR shows a 85 pips ride as range spike was possible, so getting in was a calculated risk
I watched for another attraction to the 89(violet) and if it was going to be another tail on the making , I would trade it for a down move, and possibly for a 85 pips since the ATR did it in the past. It would be a breakout.It did at point A.

Second trade:
I was first surprised that price would go right back up again! I had a light smile when the candle start (at C) tap dancing below the 89sma, doing nothing! (take a look at it!) I was then expecting another move down!- at that point already making a divergence with the macd.
I had to wait until point E that express a move down, I did prefer to take the trade below the 89,21 and 8 ema. During that time a consolidation was active with about 50 pips range,
If it breaks out from that 50 pips consolidation I would expect a 50 pips move down lower( which it did)
Later I did not consider the pull back at F very seriously since the pair was just marking time, no tendency to go up or down, and again at F, there was a nice tail showing a down pressure…
There is still open trade there with a tight SL. I did secured 75 pips,
have a nice day,
Attached Image (click to enlarge)
Click to Enlarge Name: explaination.png Size: 136 KB
Yvon
  • #27,613
  • Jun 11, 2014 12:41am Jun 11, 2014 12:41am
Quoting yaakruay
{quote} The answer is in your charts. 1st green arrow..aggressive If you are an aggressive trader, you would have sold after that long red candle and break below zero on the macd. 2nd green arrow conservative That second green arrow on your charts...well for me that is as good as signal as you can get for a short trade..that would have been the conservative trade I am sure other people can add more detail. Good luck ps. When you are asking people to show you how to get the moves, its it because you have only seen the whole picture afterwards. If...
hi Yaakruay,

very good comments, thanks!I feel It is always refreshing for me to have that support.

thanks Yaakruay
Yvon
  • #27,614
  • Jun 11, 2014 12:49am Jun 11, 2014 12:49am
The Aussie looking interesting.

Has that move up just started or finished?

Are we looking to buy on a retrace down to the 0.9300 area of support
200 / 89 area off the H4..

I cannot buy now..are the market makers just teasing to get everyone buying and then a miserable plunge down????

Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-09_1831.png Size: 95 KB
  • #27,615
  • Jun 11, 2014 1:40am Jun 11, 2014 1:40am
Another one on my watch list.

GBP/USD..

Watching for retrace to old support and resistance area 1.6780
H4 this is the 89/21 area

H1 89 and 365 area.

From that area then i will be looking to sell once confirmation on h1/h4.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-09_1831.png Size: 78 KB
  • #27,616
  • Jun 11, 2014 3:37am Jun 11, 2014 3:37am
Quoting trademin
{quote} hi Akir, I am watching the thread once in a while and I just saw your chart. I found it to be a very good example of a break, pull back and move away. It needs patience to see a nice set up like that ,nice job! so nice that I got in ,(a bit late!) and got some profit out of it already, thank for the hint! ...still in. I was involve also on the spike down that the eurusd did , good profit, later got back in ...still in... on the weekly it shows a pull back an a move away, on the 4hrs, same trade. still in keep doing the good work, Yvon...
fine, I think this is the heart of the system ! ( bounce on 21 and than TC )
If you spot anything so give here a call.
  • #27,617
  • Edited 8:23pm Jun 11, 2014 4:17pm | Edited 8:23pm
Quoting trademin
on the AUDNZD: RT on the Daily chart, candles tails pushing price down, widening range between 8 and 21ema,( could we expect a pull back to 21ema?) daily ATR could range about 80 pips, (about 20 done already), close stop in case of a break out. 4hrs chart: Third top on the making? Indecision candles on the 4 hrs chart. I’m taking the risk for 35 pips for a 65 pips gain minimum Yvon {image}
AUDNZD:
the pair went right through the 89sma , new target is now 365, about 100 pips + below. Will see!

SECURED:about 42 pips.
:about 65 pips.(GMT 0:44)
----secure about 90 pips (GMT 0:58)
SL hit (GMT 1:21)about 95 pips gain, trade closed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AudNzd140611.png Size: 130 KB
Click to Enlarge Name: AudNzd140611-2.png Size: 112 KB
Click to Enlarge Name: AudNzd140611-3.png Size: 116 KB
Yvon
  • #27,618
  • Jun 11, 2014 10:41pm Jun 11, 2014 10:41pm
@NIC73
Hi Nic, I recall seeing your question on CT entry on the GU but cannot find it now???
Anyway, I am replying to you & hope you get some sort of confidence in what you are seeing - CT is dangerous but not the dreaded ogre that it can become if you weaken or have doubts about your setup and plan. If you see it and it agrees with you - take it. Just be careful is the only advice I can offer.
Phillip will generally play the odds when price shows itself at a strong rejection point ( BRN / S&R ). But he will only look for a run back to the 21 at max. The pound shows a Support forming and price trying to break below without success. The odds here are good that there MAY be a pullback towards the 21 as with our Market Ryhtym.
Your analysis is quite correct buddy so if you got some rewards here -then well done. Please take note of what Yvon (Trademin) has just told you - he and Phillip have sure helped me along.
Hope my picture helps too .
Good Trading my friend - keep up your posts.

Attached Image (click to enlarge)
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  • #27,619
  • Jun 11, 2014 10:55pm Jun 11, 2014 10:55pm
Thanks Binnie. That's an encouragemnt. ........ I accidentally deleted the post as I was editing it.

But yes, I was saying there are traders who commented that CT is risky, which I agree as I have tried and failed many times. So I stopped CT for sometime and then I went through Philips lessons and started reading from page 1 of this forum again and I noted Philip included CT trades in this teachings. Risky it might be but for Philip to include CT in his lesson he must have some ways of succeeding it. And doing back testing also showed me that many trades / profits are captured on CT. I now refuse to allow failure or difficult to defeat me and have made up my mind to learn to trade CT. On demo account of course. Only through time, patience and determination will I gain the experience to make a breakthrough.

Here is the chart I have posted.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 11 June 2014.png Size: 40 KB
  • #27,620
  • Jun 12, 2014 12:17am Jun 12, 2014 12:17am
Quoting trademin
{quote} hi nic73, this is my explaination, anyone else could have other solution to it, and it is great! There’s a very tight SL on it and as mentioned earlier,75 pips is secured. Now price is about 1.3530, and expecting not moving up very high, then back down again. Sure 1.3500 is there as a barrier, price could oscillate a bit from there, cause some traders taking profit at that level. If price is taking my SL, it’s ok. But if price just keep moving down, maybe 1.3300 wouldn’t be a crazy target! Will see! There is not much to say since the chart...
Thanks Tradmin for your reply. A bit of correction here, your reply to second trade was actually my first trade on my chart (see below). Your first trade, it was not in my chart but it's ok your explanation helps.

Perhaps I could have been more specific in my questioning. To save you some time. Please be patient with me, for I have many questions for you and hope you could help me with them.

Regarding your explanation on my first trade (which is your second), I understand it but my concerns are:
1. the market passed through the zero MACD level and you took the trade from there. Is that a MACD singal? How should one trade in situation like this?

2. To play by the 4hr MACD rule one would have to wait for the signal (first) candle to close to enter trade but in this case to wait for the candle to close, the market would have moved 35pips (thus SL rather high). So one possible solution is to use the early entry strategy on the shorter TF. My problem here the move took me by surprise since I was waiting for it to close then decide whether to trade? The market has been kind of stalling for some period on the H4 and suddenly there was this move. And then you don't know if that move is going to continue. I am saying this because I have previously used the shorter TF (1hr) on other trades but price retraced and I got stopped out with a loss.

3. This question is for the second trade on my chart, here price moved very fast. At the close of the 1st 4hr TF, the market has move 60pips and by the close of the 1st 30min (after the move started), the market has already move 30pips. So in situation like this how would you trade from your experience. As of now, I am still not very sure how to implement the shorter TF (5, 15, 30min and 1hr TF) entry.

Another question is this, if let say on the 4hr TF you see a move might be coming and you switch to as shorter TF and there is the price is very close to one of two MAs, should I be concern that price could retrace or stop just there?

Thanks a million for answering my questions.

Nicholas
Attached Image (click to enlarge)
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