What the heck is happening? Got kill on Tuesday - AUDNZD and AUDUSD. This morning, got killed by AUDUSD again!
4 Hour Strategy (MACD)
- #28,142
- Aug 12, 2014 8:47pm Aug 12, 2014 8:47pm
{quote} 1 Are you willing to risk 25-30pips? 2. Before BRN, market is nearing 365ema on Daily which is also the 89sma on Weekly. 3. 8 ans 21ema gap is getting larger 4. Divergence has appeared
I am still bearish on the Kiwi - as yet there is no good reason to think Long - certainly no visual that the trend has changed at all.
Thankfully I am a patient dude - watch this space as they say LOL
- #28,145
- Aug 13, 2014 12:43am Aug 13, 2014 12:43am
Binnie: 3 charts here. NZDUSD is the one I did not take that could have made me some nice pips. {image}{image}ch] {image}
Well done with the nice clean charts buddy - makes for easy reading.
Anyone else seeing anything interesting??
- #28,147
- Aug 13, 2014 4:43am Aug 13, 2014 4:43am
{quote} That sux Nic - my charts saved me from any entries - no signals to act upon. Well done with the nice clean charts buddy - makes for easy reading.
- #28,150
- Aug 13, 2014 5:10am Aug 13, 2014 5:10am
{quote} So your charts did not show any entry signal? Can you give me a screen of your charts? And do you use meta trader 4? Is that from your broker? Which broker?
My provider is AxiTrader from Aust. Shows different candles to you even though it is MT4 chart data. My candle time is Addis Abbaba.
- #28,151
- Edited 6:46am Aug 13, 2014 5:27am | Edited 6:46am
{image} Right, let us now see. EUR USD. The last candle on his way up - not close yet, but a down TL is broken. MACD will, and I did threaten him, make a double bottom... Luckily it is a test acc.
Hi LaG,
I am a little confused ( which is not unusual for me LOL
),Have you entered long based on the possible Double Round Bottom Macd & break of T/Line Resistance OR have you gone short based on the close of the previous candle which gave a TC (redBar) on the Macd.?? Just trying to see what you are seeing my friend.
BTW - I am in short here on the Euro based on my previous post & chart. Price wavering around so will see. I realise Red News in 2 hours so I intend to be out before then. A nice push down will be appreciated please - can anyone help with this?
.
EDIT - closed out now. Red News in 45mins & time for bed. Took a 19pip hit here but thats ok . I did anticipate a nice wee run down but never happened. The Pound did though
Pity my trade was this Euro..
- #28,152
- Aug 13, 2014 5:31am Aug 13, 2014 5:31am
Here's one for you BINNIE or anyone who might be interested. Am very cautious of taking any trade today because of RED news. Just got caught too many times and made lots of losses before of that. {image}
Thanks for thinking of me mate - you can do me a favour though : How about pushing my Euro down a few pips for me so I can close out & head to bed before the Red News.
- #28,153
- Aug 13, 2014 5:34am Aug 13, 2014 5:34am
Hi JP - have you got any take on the Euro? or any other pairs. I am still trying to come to grips with the insight you gave last week on price reaching back to the 21 on the H4. I would like to fire a Q? to you at some stage if you are open to that.
Cheers.
Cheers.
- #28,154
- Aug 13, 2014 7:14am Aug 13, 2014 7:14am
Hi Binnie,
I would say the Euro and Nzd are a gamble at the moment because they are set where there could pullback to the 89sma or head down from the 21 as they haven't crossed it yet. I would probably favour a long position here back to the 89 sma but we have the core retails sales coming out in about quarter of an hour which will likely determine which way the price will go. That's why I say it is currently a gamble.
I have a few trades on atm but not Euro/usd or kiwi. Chf/jpy has just broken out of a h&s which could provide a good entry on a pullback in the 30 mins. I am already in as per break of 21ema, pullback in 4h chart. Looking to target the 200sma on 4h chart for profit. Also looking to add to the position on the way there. Next entry in that pair could be break 89sma, pullback, move higher in 4 hour chart.
Aus/Cad and Usd/Jpy look strong as they have both broken out on the daily long so will be looking to hit these pairs as long as they stay bullish. Already long both pairs about 30 pips - set up was pullback and move away from 21ema and broken trend line in daily chart.
More than happy to answer any q's you have Binnie, I will answer them as best as I can. I am still learning and fine tuning things myself but I am happy to give my personal view on things
I would say the Euro and Nzd are a gamble at the moment because they are set where there could pullback to the 89sma or head down from the 21 as they haven't crossed it yet. I would probably favour a long position here back to the 89 sma but we have the core retails sales coming out in about quarter of an hour which will likely determine which way the price will go. That's why I say it is currently a gamble.
I have a few trades on atm but not Euro/usd or kiwi. Chf/jpy has just broken out of a h&s which could provide a good entry on a pullback in the 30 mins. I am already in as per break of 21ema, pullback in 4h chart. Looking to target the 200sma on 4h chart for profit. Also looking to add to the position on the way there. Next entry in that pair could be break 89sma, pullback, move higher in 4 hour chart.
Aus/Cad and Usd/Jpy look strong as they have both broken out on the daily long so will be looking to hit these pairs as long as they stay bullish. Already long both pairs about 30 pips - set up was pullback and move away from 21ema and broken trend line in daily chart.
More than happy to answer any q's you have Binnie, I will answer them as best as I can. I am still learning and fine tuning things myself but I am happy to give my personal view on things
- #28,158
- Aug 13, 2014 8:18am Aug 13, 2014 8:18am
{quote} Another close position from yesterday: +43 pips. {image}
You did well , congrats for your trades there! nice profits! keep doing the good work
Amazing as It sounds, my trading result Is at about the same as what the last week finished, even if I saw twice the opportunity to grab about 90 pips in total in all the trade I made ! Good thing SL were protecting the trades. What is left is about a break even in GBPUSD and NSDUSD while SL hit the EURUSD at _1 pips gain! But I am still in bullish mode for the USD, even if a pull back is in sight! will see...
Yvon
