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4 Hour Strategy (MACD)

  • #27,821
  • Jul 8, 2014 10:35am Jul 8, 2014 10:35am
Quoting Morelands
{quote} Ah the lower back. I've been a PT for 17 yrs. and have never seen anyone for 30 yrs, nor would I want to. I would go see a McKenzie trained physiotherapist. Hopefully they would get you so that you are independent with keeping you back in working order so you would not have to keep paying someone to do it for you. Happy trading
Hi Moreland,

This could be (to see a P.T.) another possibility, depending of the problem.
Have a nice day, and happy trading too,
Yvon
  • #27,822
  • Jul 8, 2014 12:09pm Jul 8, 2014 12:09pm
Let me see if I understand this:


The MA89 is going to swing the prize higher, but to play it safe;
I put TP just underneath the previous support (red line).

I would appreciate comments from you all.

Maybe I’m pulling the trigger to quick here, because the
candle is not close yet, but momentum surely looks
up at A on the MACD.

So what do you say?
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  • #27,823
  • Jul 8, 2014 3:19pm Jul 8, 2014 3:19pm
Quoting LaGrangeD
Let me see if I understand this: The MA89 is going to swing the prize higher, but to play it safe; I put TP just underneath the previous support (red line). I would appreciate comments from you all. Maybe I’m pulling the trigger to quick here, because the candle is not close yet, but momentum surely looks up at A on the MACD. So what do you say? {image}

my view,
What should happens….

ONE : as per the rules price break the 21ema , pulled back to It then moved away down.

Then at TWO:
Price should have pulled back to 21ema and just moved away down again .But the other possibility was that the pair still turns around and breaks above the 21ema---which happened, reached the 89sma with a strong candle up! Deciding not to follow down…for the moment. But since the pair is still below the 89sma I would have waited.
but still could break up the 89sma...

I must say that on the second pull back (TWO) I would have probably engage a short position there and probably would have been ejected on the SL and I would be sitting on my 2 hands now… since the pair is still under the 89sma. Or not taking a Short position at the second pull back since there was not enough room for profit there, knowing the recognition of a barrier three time at 1.3572, (xxx)
Sure seeing that strong candle could suggest a move up. But waiting is where I am now, FOMC tomorrow...
Attached Image (click to enlarge)
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Yvon
  • #27,824
  • Jul 8, 2014 6:39pm Jul 8, 2014 6:39pm
Hi,

Good day. Can someone help me with posts 27820 and 27817, please?

Thank you i advance.

Nicholas
  • #27,825
  • Jul 8, 2014 8:55pm Jul 8, 2014 8:55pm
Quoting trademin
{quote} my view, What should happens…. ONE : as per the rules price break the 21ema ,...
Thanks for that insight.

Wait, sounds like the best advice here.
  • #27,826
  • Jul 9, 2014 1:20am Jul 9, 2014 1:20am
Another Loss for Binnie: ( YUK )

Hi guys - I took a hit on the Euro but on a short. Chart attached.
Looked like a continuation down in line with those recent big Bear candles.
Played according to MY rules so a tick there

Not sure why I didn't get the push down - perhaps it is related to Major news from USA this week. ???
Inexperience on my part if that is the reason.

Market 2 - Binnie 0

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  • #27,827
  • Jul 9, 2014 1:43am Jul 9, 2014 1:43am
Quoting LaGrangeD
Let me see if I understand this: The MA89 is going to swing the prize higher, but to play it safe; I put TP just underneath the previous support (red line). I would appreciate comments from you all. Maybe I’m pulling the trigger to quick here, because the candle is not close yet, but momentum surely looks up at A on the MACD. So what do you say? {image}

It's bizarre, i looked at your post and thought, awesome, what a nice sell trade.

Then i realised you had bought and thought no, no, no, why...! Now you have a profit,..... That is brilliant for you....

This system the way i understand it.

I would have waited for the macd to bounce off the zero line and carry on going down.

This would have been a rejection off the 8/21/200 Ma's.

After your post there is a good explanation by Trademin and the perfect example by Binnie (sorry dude) of how the system should work, but sometimes fails with our anticipation.

What I like is that Binnie escaped with a 22 pip loss, which is proof you do not need a 100 pip stop loss....You are either right or wrong and live with it. I am saying this because I am a bugger for moving stop losses instead of taking a losing hit.
  • #27,828
  • Jul 9, 2014 1:45am Jul 9, 2014 1:45am
Quoting nic73
Hi, Good day. Can someone help me with posts 27820 and 27817, please? Thank you i advance. Nicholas

I closed my sell GBP yesterday after that strong candle down to the BRN 1.7100 and took a 32 pip profit..

Glad i did as price has made its way back up....

Now waiting again, for price to show which way.
  • #27,829
  • Jul 9, 2014 1:58am Jul 9, 2014 1:58am
Quoting yaakruay
{quote} I closed my sell GBP yesterday after that strong candle down to the BRN 1.7100 and took a 32 pip profit.. Glad i did as price has made its way back up.... Now waiting again, for price to show which way.
Well done Partner
  • #27,830
  • Jul 9, 2014 1:59am Jul 9, 2014 1:59am
I really really really want to sell...but i am going to wait a wee while.

Macd is on the zero line so lets see price work itself out in a direction.

Down, to the 89 or move up away from the 8/21
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  • #27,831
  • Jul 9, 2014 3:08am Jul 9, 2014 3:08am
Quoting binnie
Another Loss for Binnie: ( YUK ) Hi guys - I took a hit on the Euro but on a short. Chart attached. Looked like a continuation down in line with those recent big Bear candles. Played according to MY rules so a tick there Not sure why I didn't get the push down - perhaps it is related to Major news from USA this week. ???
I find though that its also a matter of what the price has done, not just what the MACD is showing. In fact I try to use the price first, I foremost want to see a nice close indicating that market is likely to go my way, but having a MACD showing according to the rules makes the trade far more likely to succeed.

So IMHO the MACD is secondary to the price, in the case, I would never have gone short at the close of the bar that you marked with the vertical line, as it shows price already moved down some, and then pulled back almost to the bar opening price (forming a candle that looks like a pin), also trapping price between those two MA's. In addition the previous daily close on my charts at least hinted of possibly turning to the long side. I would consider the state indeterminate there, closer to starting to consolidate that showing strong signs of going up or down.

Then again I think I loose more than all of you so what do I know!!
  • #27,832
  • Edited 10:03am Jul 9, 2014 7:09am | Edited 10:03am
Quoting binnie
Another Loss for Binnie: Looked like a continuation down in line with those recent big Bear candles.
I maybe asking a basic question.

When you say TC on the MACD, how do u say it is a Trend Continuation. Is it because the color is red and the trend is bearish?

Also, can somebody help me specify the MACD setting on my chart so that it shows different colors to indicate bullish/bearish momentum.
  • #27,833
  • Jul 9, 2014 12:26pm Jul 9, 2014 12:26pm
Quoting Mathus
{quote} I maybe asking a basic question. When you say TC on the MACD, how do u say it is a Trend Continuation. Is it because the color is red and the trend is bearish? Also, can somebody help me specify the MACD setting on my chart so that it shows different colors to indicate bullish/bearish momentum.

Try this one, i'm not sure if its the latest one, but its the one from my charts.

The TC was the one i had most difficulty with, but with experienced posters like Binnie showing them on charts its not long to pick it up.

The TC on Binnies chart....was that price was bearish as it had moved down and was under the 89.

Macd made like RB and when it hit the zero line, it turned red and moved down again....this is another signal to say, hey, hey, hey look at me....

Price would usually/normally or is anticipated to continue the trend down.

This is just one way of a TC...
Attached File(s)
File Type: mq4 MACD_Colored_v103.mq4   13 KB | 437 downloads
  • #27,834
  • Jul 9, 2014 2:57pm Jul 9, 2014 2:57pm
Quoting nonamebrand
{quote} I find though that its also a matter of what the price has done, not just what the MACD is showing. In fact I try to use the price first, I foremost want to see a nice close indicating that market is likely to go my way, but having a MACD showing according to the rules makes the trade far more likely to succeed. So IMHO the MACD is secondary to the price, in the case, I would never have gone short at the close of the bar that you marked with the vertical line, as it shows price already moved down some, and then pulled back almost to the...
Thanks NoName,
Yep Phillip has many times spoken about how he eventually took his Macd out of the equation. Still important of course but with his experience over time he preferred to rely on Price Action around the MA's. I can understand this as the 21 & Macd zero are closely related. One day I hope I can make my judgement calls based on this combination but until I am good at it, I still rely heavily on that macd to tell me Yes or No.
Cheers for the comments buddy.
  • #27,835
  • Jul 9, 2014 5:23pm Jul 9, 2014 5:23pm
Quoting yaakruay
I really really really want to sell...but i am going to wait a wee while. Macd is on the zero line so lets see price work itself out in a direction. Down, to the 89 or move up away from the 8/21 {image}
Hey Hey Richard - you still keen to sell ?
I am sitting here with an eye on the Arg / Holland semi & the other just searching for possible set ups. How about this one - ??

Wait for candles to complete though - no jumping in ok.
The strength on the Pound is huge lately and I really think a new high is coming but I guess we trade what we see in front of us eh !!??

Plan B of course will be a strong break thru and the good old Pull back / Move Away ( BPM )

Attached Image (click to enlarge)
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PS - looks more than likely another Penalty Shootout.
  • #27,836
  • Jul 10, 2014 1:49am Jul 10, 2014 1:49am
Quoting binnie
{quote} Hey Hey Richard - you still keen to sell ? I am sitting here with an eye on the Arg / Holland semi & the other just searching for possible set ups. How about this one - ?? Wait for candles to complete though - no jumping in ok. The strength on the Pound is huge lately and I really think a new high is coming but I guess we trade what we see in front of us eh !!?? Plan B of course will be a strong break thru and the good old Pull back / Move Away ( BPM ) {image} {image} PS - looks more than likely another Penalty Shootout....
They should have stopped the World cup after the Brazil game, how can that be beaten????

I went to bed at half time i was falling to sleep. glad i did, a boring 0 - 0 into extra time...yawn !

Ahhhh you know me so well.....Well guess what, I jumped in yesterday and got burnt by that large bullish candle...then i sold at the top just as your CT trade.. (i didn't know about your CT chart/trade then) I went to bed and woke up this morning to find i got stopped out by a bloody, sodding, pip! 1 f&%king PIP...

I could see the 1.7200 BRN being tagged but cannot see it staying over there, that surely must be a massive resistance.........well I will wait again.....
  • #27,837
  • Jul 10, 2014 7:47am Jul 10, 2014 7:47am
Attached Image (click to enlarge)
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EUR JPY - H4

So. I have pulled the trigger on this one.
  • #27,838
  • Jul 10, 2014 8:47am Jul 10, 2014 8:47am
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GBP CAD - H4

I do think that prize will follow the MA89.
Yes, I know that one must sit on your hands and
wait for some confirmation, but my hand are sore.



My thinking is that the MA are pointing down.
  • #27,839
  • Jul 10, 2014 10:03am Jul 10, 2014 10:03am
Attached Image (click to enlarge)
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EUR CAD - H4

There's a good resistance at A and near the MA89.
MACD at B show a lower bar.
The currant bar is already on the stipple trend line,
but that will be a small support.

Sell at the green, SL at the red, and TP at blue.
  • #27,840
  • Edited 2:45pm Jul 10, 2014 11:41am | Edited 2:45pm
in eurusd:
A RT
Sold 1.3645
A pull back to 365
A pull back to neckline
Expecting a third bounce
Expected bounce up in the dollar index!
40 pips secured ---SL hit!
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Yvon
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