{quote} different broker, different platforms, so a different chart display.
4 Hour Strategy (MACD)
- #28,562
- Edited 2:11pm Dec 4, 2014 1:14pm | Edited 2:11pm
141204EURUSD-2
price broke the 21 ema(blue) then kept drive up to the 89sma(purple):
I took the opportunity to sell at the last peak( close to the upper part of downtrend channel), expecting the pair to go down. already some 40 pips secured
closed trade for now: some 56 pips gain
price broke the 21 ema(blue) then kept drive up to the 89sma(purple):
I took the opportunity to sell at the last peak( close to the upper part of downtrend channel), expecting the pair to go down. already some 40 pips secured
closed trade for now: some 56 pips gain
Yvon
- #28,563
- Dec 4, 2014 2:05pm Dec 4, 2014 2:05pm
@Nic :
Just getting up today to see how my Swissy did since bedtime last nite. It has received a nice friendly bump from the overnite Red News
You asked to see the entry details with Targets etc. so here it is for you. The Counter Trend is ok to play in certain conditions . I used a 48 pip Stop with my 50 pip profit target. The 21 ma is the maximum that P.Nell will play for generally so that is always my target. Usually I will take 1/2 off at 25 -30 but on this one I was asleep. Just had to have trust in my system & rules.
Countertrend Trades do not have to be scary - provided you have a strong set of rules to manage the trade and that your signal is from a significant level of S & R ( BRN / Previous Big High or Low / Trendline extremes to mention a few that I use).
Hope this helps you buddy.
Just getting up today to see how my Swissy did since bedtime last nite. It has received a nice friendly bump from the overnite Red News
You asked to see the entry details with Targets etc. so here it is for you. The Counter Trend is ok to play in certain conditions . I used a 48 pip Stop with my 50 pip profit target. The 21 ma is the maximum that P.Nell will play for generally so that is always my target. Usually I will take 1/2 off at 25 -30 but on this one I was asleep. Just had to have trust in my system & rules.
Countertrend Trades do not have to be scary - provided you have a strong set of rules to manage the trade and that your signal is from a significant level of S & R ( BRN / Previous Big High or Low / Trendline extremes to mention a few that I use).Hope this helps you buddy.
- #28,564
- Dec 4, 2014 6:00pm Dec 4, 2014 6:00pm
@Nic : Just getting up today to see how my Swissy did since bedtime last nite. It has received a nice friendly bump from the overnite Red News
It is a very nice shot from the divergence!...yep!
Yvon
- #28,565
- Dec 4, 2014 6:56pm Dec 4, 2014 6:56pm
Getting ready for the Weekend
All I can see at the moment is this possibility on my Pound Aussie. Could show me a nice TC here so might grab a few pipos before US Close.
Anyone else spot something to talk about ?
All I can see at the moment is this possibility on my Pound Aussie. Could show me a nice TC here so might grab a few pipos before US Close.
Anyone else spot something to talk about ?
- #28,566
- Dec 4, 2014 10:34pm Dec 4, 2014 10:34pm
Getting ready for the Weekend
" Anyone else spot something to talk about ?"
Maybe about the NZDUSD:
There is still some 3:28 hrs for the closing of that candle maybe, just maybe the TC there won't be erase and just the pair would just keep going down. will see...
Yvon
- #28,567
- Dec 5, 2014 1:26am Dec 5, 2014 1:26am
{quote} " Anyone else spot something to talk about ?" Maybe about the NZDUSD: There is still some 3:28 hrs for the closing of that candle maybe, just maybe the TC there won't be erase and just the pair would just keep going down. will see...
Looks like a quiet run into USA RedNews. I will call it quits for the week now and just do some quiet reading over the weekend.
Enjoy your time away from the screens my friend.
Happy weekend to everyone else as well.
Start fresh Monday
- #28,568
- Dec 5, 2014 6:04am Dec 5, 2014 6:04am
{quote} Cheers Yvon - there was a not too convincing signal there on my TC . Just shows you how different the candles can look eh ?
have a nice weekend too!
Yvon
- #28,572
- Dec 7, 2014 1:33pm Dec 7, 2014 1:33pm
I missed this signal EURUSD but I found another {image}
there is a possibility there now since the pair made another bounce back up for a double top making a pull back to resistance on the daily chart, so a possibility here to get down again(4hrs chart) ,since the macd didn't respond accordingly, but just a guess here, will see...
Yvon
- #28,574
- Edited Dec 8, 2014 12:24am Dec 7, 2014 3:12pm | Edited Dec 8, 2014 12:24am
141205NZDUSD: Nice TC on the macd
one position remain
120 pips secured----trade closed 120 pips gainI sold it not only o a pull back to the 21ema, but also a pull back to the resistance just above.
Yvon
- #28,575
- Edited 4:44pm Dec 7, 2014 4:27pm | Edited 4:44pm
141204EURAUD: becoming a nice trade and as usually, when the neckline breaks there is usually a strong candle
)
Yvon
141204EURUSD-2 price broke the 21 ema(blue) then kept drive up to the 89sma(purple): I took the opportunity to sell at the last peak( close to the upper part of downtrend channel), expecting the pair to go down. already some 40 pips secured
@Nic : Just getting up today to see how my Swissy did since bedtime last nite. It has received a nice friendly bump from the overnite Red News
