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4 Hour Strategy (MACD)

  • #27,661
  • Jun 19, 2014 6:09pm Jun 19, 2014 6:09pm
Screen Sharing

Hi Guys - anyone see the same sort of setup here on the Pound?

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Got a trigger to enter short 1.7037.
  • #27,662
  • Jun 20, 2014 2:14am Jun 20, 2014 2:14am
Quoting binnie
Screen Sharing Hi Guys - anyone see the same sort of setup here on the Pound? {image} Got a trigger to enter short 1.7037.
The World Cup has finished for me....

So back to the real World of forex and internet forums

I agree that it should come down but i won't trade today as it's Friday..
  • #27,663
  • Jun 22, 2014 10:46pm Jun 22, 2014 10:46pm
GU Outcome from 20 June & Todays Watch

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  • #27,664
  • Jun 24, 2014 1:57am Jun 24, 2014 1:57am
Buy Euro.

Daily above 8/21 (need a close above really)

H4
Moving away from a BRN....better to move towards it then away..but its a risk i am taking.
Price has made a sort of triangle- pendant..

Target towards the 200ma and hopefully get a BPM through it.

Macd on zero line so can make TC..

that is it..boom or bust....
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  • #27,665
  • Jun 24, 2014 1:57am Jun 24, 2014 1:57am
Thank you for all your replies. Thus stuff is so difficult and I now doubt if I can ever make it. I went away for a few days to get some air. What exactly is market rhythm, i went through the videos several time and I don't think I have got the idea. Felt like I am doubting my own ability and is damaging my self confidence

Maybe I should stay away for longer.
  • #27,666
  • Jun 24, 2014 2:03am Jun 24, 2014 2:03am
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  • #27,667
  • Jun 24, 2014 2:46am Jun 24, 2014 2:46am
Quoting nic73
{image}
Hi Nic,
I am using my chart to answer your question. It is my Humble Opinion only but I hope it might help you see a clearer picture.
The Outer Trendlines have formed pretty solid Support & Resistance levels so we have to wait for this consolidation to end and let price show us where it wants to go. We can anticipate as Phillip & Yvon teach us but it is generally unwise to play from the middle of a consolidation zone like we are in now. The safer way to take part if you must, is to play from the outer levels. Until Mr. Euro makes a solid bid for either boundary, I will be happy to watch. Use your non-trade time to look at some others. I don't know your location but perhaps you could have a wee look at Kiwi / Aussie/ Pound as well as the Euro.
Keep posting your ideas buddy - you will get all the help we can give.

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  • #27,668
  • Jun 24, 2014 4:06am Jun 24, 2014 4:06am
Quoting binnie
{quote} Hi Nic, I am using my chart to answer your question. It is my Humble Opinion only but I hope it might help you see a clearer picture. The Outer Trendlines have formed pretty solid Support & Resistance levels so we have to wait for this consolidation to end and let price show us where it wants to go. We can anticipate as Phillip & Yvon teach us but it is generally unwise to play from the middle of a consolidation zone like we are in now. The safer way to take part if you must, is to play from the outer levels. Until Mr. Euro makes a solid...
So you are saying EURUSD is consolidating. We have to wait for BPM before considering any trade?

And yes I do trade other pairs i.e. Audnzd Nzdusd, usdchf and gbpusd
  • #27,669
  • Jun 24, 2014 4:07am Jun 24, 2014 4:07am
Quoting yaakruay
Buy Euro. Daily above 8/21 (need a close above really) H4 Moving away from a BRN....better to move towards it then away..but its a risk i am taking. Price has made a sort of triangle- pendant.. Target towards the 200ma and hopefully get a BPM through it. Macd on zero line so can make TC.. that is it..boom or bust.... {image}
We have similar TL (triangle) and thought there was going to be a breakout. And Binnie has his opinion. And I agree with him about MACD being flat. And for that reason, I have not taken the trade.
  • #27,670
  • Jun 24, 2014 4:19am Jun 24, 2014 4:19am
Quoting nic73
Thank you for all your replies. Thus stuff is so difficult and I now doubt if I can ever make it. I went away for a few days to get some air. What exactly is market rhythm, i went through the videos several time and I don't think I have got the idea. Felt like I am doubting my own ability and is damaging my self confidence Maybe I should stay away for longer.
Maby you should add other setups to your kit bag.. as well as this..??? missing a nice move up..just my opnion of course..
  • #27,671
  • Jun 24, 2014 4:33am Jun 24, 2014 4:33am
Quoting danc
{quote} Maby you should add other setups to your kit bag.. as well as this..??? missing a nice move up..just my opnion of course..
What do you recommend? Hopefully nothing complicated.
  • #27,672
  • Jun 24, 2014 6:10am Jun 24, 2014 6:10am
Quoting nic73
{quote} What do you recommend? Hopefully nothing complicated.
have a look at the 1234 thread.. read what V writes and apply to 4 hr time frames.. but this one this thread is very very good.. don't throw in waste paper basket..develop it to suit your personality.. don't hang off what ever one else says.. the last chart you posted was a classic set up..WHY wouldn't you take it??so simple and clean... just my opn ov crse
  • #27,673
  • Jun 24, 2014 6:23am Jun 24, 2014 6:23am
Quoting danc
{quote} have a look at the 1234 thread.. read what V writes and apply to 4 hr time frames.. but this one this thread is very very good.. don't throw in waste paper basket..develop it to suit your personality.. don't hang off what ever one else says.. the last chart you posted was a classic set up..WHY wouldn't you take it??so simple and clean... just my opn ov crse
Will look at the thread you suggested.

I did not take the trade because MACD did not look promising. But I did see the triangle (2 diagonal TL that crossed) and thought this could be a breakout. But the MACD stopped me. Please give me your insight.

Thanks
  • #27,674
  • Jun 24, 2014 7:02am Jun 24, 2014 7:02am
Quoting danc
{quote} have a look at the 1234 thread.. read what V writes and apply to 4 hr time frames.. but this one this thread is very very good.. don't throw in waste paper basket..develop it to suit your personality.. don't hang off what ever one else says.. the last chart you posted was a classic set up..WHY wouldn't you take it??so simple and clean... just my opn ov crse
You mentioned 1234thread, do you mean post 1234. There's nothing there?
  • #27,675
  • Jun 24, 2014 7:06am Jun 24, 2014 7:06am
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  • #27,676
  • Jun 24, 2014 12:13pm Jun 24, 2014 12:13pm
Can someone help with this. I am trying to understand market rhythm. Thanks u.
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  • #27,677
  • Jun 24, 2014 11:36pm Jun 24, 2014 11:36pm
Quoting nic73
{quote} You mentioned 1234thread, do you mean post 1234. There's nothing there?
Sorry, Trading is as simple as A>>B>>C>>D read only Vantage .. apply to longer term charts.. also check his thread.. he is a cracker.. no BSht cracker
  • #27,678
  • Jun 25, 2014 12:54am Jun 25, 2014 12:54am
Quoting nic73
{quote} What do you recommend? Hopefully nothing complicated.
Maybe you have missed this video..

This is 55 minutes and all you need to know! I have reviewed it so many times.

All the questions you ask Phillip answers them here

Inserted Video
  • #27,679
  • Jun 25, 2014 12:59am Jun 25, 2014 12:59am
Quoting nic73
{image}

I would be asking myself why i missed that trade and set up if i was watching the charts.

For me that is a trade as you are anticipating, which is what Binnie is talking about.

That is the the rhythm (why is that word so hard to spell first time)
  • #27,680
  • Jun 25, 2014 1:13am Jun 25, 2014 1:13am
Quoting nic73
Can someone help with this. I am trying to understand market rhythm. Thanks u.{image}{image}
My euro from yesterday is still in play, usually i only like 1 trade at a time or i get confused and agitated.

But

I have taken a short on the U/Chf because of your previous chart/post.

I am no expert but my anticipation (this is what you are trying to learn)

Is for price to fall again, why?

Macd can make a TC down.
Price has broken the 200 with a BPM.
The former support and 365 make a good target and magnet.
Price has touched the 8/21 and has not broken or closed above them.

My stop loss and take profit is a mess because I wanted to get in quick so just set them fast, to be adjusted depending on the move.

I may have a if it does not work! hahaha
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