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4 Hour Strategy (MACD)

  • #28,581
  • Dec 8, 2014 12:43am Dec 8, 2014 12:43am
Quoting nic73
{quote} Wow! Nice trade Yvon. Am saving this chart for my reference. Nice quick pips. Keep posting buddy. Learning a lot from you. Thanks
taking a trade is not always easy,
thanks for the good world, I appreciate.---I took that trade and I remember well I have hesitated a bit! when I took it, the main reason was that that pair just gave an opportunity to sell it again , then the (down trend) channel supported my position to sell it.= I still think that I was slow to act. that is part of trading I guess.
Yvon
  • #28,582
  • Dec 8, 2014 2:01am Dec 8, 2014 2:01am
AUDNZD:

This is my analysis, please leave your feedback. Thank you.

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  • #28,583
  • Dec 8, 2014 6:25am Dec 8, 2014 6:25am
Quoting nic73
AUDNZD: This is my analysis, please leave your feedback. Thank you. {image}
the pair is in an uptrend channel, sticking to the lower trendline, in a 95 pips range if it goes back down ,. As per the rules the price should go back to the 21ema, which restraint the possible range to be cover. I don't see any figure than that range which has reach the 89 sma(purple). I usually don't trade ranges by guessing which way the price will take. I rather wait for the pair to show which way the break out has happened and see if there is any favorable anticipation out of that new set up, so I wait.- but that's my view only. the macd shows a bullish divergence which doesn't help the bears for now.
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Yvon
  • #28,584
  • Dec 8, 2014 1:13pm Dec 8, 2014 1:13pm
Quoting nic73
AUDNZD: This is my analysis, please leave your feedback. Thank you. {image}
Howdy Nic,
My sixpence worth on your AN chart. There is no obvious direction at the moment. Price can sit inside that consolidation zone for a bit longer IMHO. Better to see what the 21 ma will do then the picture may be a bit clearer. Nice chart once again mate - very full analysis.

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  • #28,585
  • Dec 8, 2014 1:19pm Dec 8, 2014 1:19pm
1 x Missed Trade and another on my watch for today :

This Swissy trade was a 3am trigger my time so no chance of getting in on it. This price was last tested in May 2013 so it is a strong Resistance Level.

The Kiwi set up is looking good for a BPM Short

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  • #28,586
  • Dec 8, 2014 3:53pm Dec 8, 2014 3:53pm
Do you play on the JPY pairs? If so, what levels MACD?
  • #28,587
  • Dec 8, 2014 4:20pm Dec 8, 2014 4:20pm
Quoting sajmon
Do you play on the JPY pairs? If so, what levels MACD?
Hi Sajmon,
Personally No I don't. This original thread was built on the Euro but obviously we all have our own personal favorites relative to the time zone we live in.
For instance - I live in NZ so I prefer to watch the Australian Dollar crosses because this suits my time frames that I need to be in front of my screen.
I am not sure what you are asking re the Macd?? The Macd presented on Page 1 is a purpose built macd from Philip Nel. This is applied on all charts as far as I am concerned. I do stand to be corrected but I recall that Phillip did use a variation on his shorter time frame strategy but not sure how or why? We here concentrate solely on the H4 charts for all signals although some of the more experienced traders will switch to H1 or lower for earlier / better entries.
Hope this answers what you are asking. If not - feel free to post again. Perhaps I am mis-understanding your question
  • #28,588
  • Dec 8, 2014 4:26pm Dec 8, 2014 4:26pm
Quoting binnie
{quote} Hi Sajmon, Personally No I don't. This original thread was built on the Euro but obviously we all have our own personal favorites relative to the time zone we live in. For instance - I live in NZ so I prefer to watch the Australian Dollar crosses because this suits my time frames that I need to be in front of my screen. I am not sure what you are asking re the Macd?? The Macd presented on Page 1 is a purpose built macd from Philip Nel. This is applied on all charts as far as I am concerned. I do stand to be corrected but I recall that Phillip...
Thanks Binnie
  • #28,589
  • Dec 8, 2014 8:43pm Dec 8, 2014 8:43pm
RE: post 28582 on AUDNZD

Thanks Binnie and Yvon for your replies and comments. Confirmation of my decision not to take it. Having analysed the daily TF closely, the trade would not have been feasible.

And Binnie, your post 28582 on NZDUSD, hey I have the same idea and executed a trade on demo. Making some pips now. Thanks for your charts.

Nicholas
  • #28,590
  • Dec 8, 2014 9:38pm Dec 8, 2014 9:38pm
Quoting nic73
RE: post 28582 on AUDNZD Thanks Binnie and Yvon for your replies and comments. Confirmation of my decision not to take it. Having analysed the daily TF closely, the trade would not have been feasible. And Binnie, your post 28582 on NZDUSD, hey I have the same idea and executed a trade on demo. Making some pips now. Thanks for your charts. Nicholas
Nice one Nic,
Glad we can help.
Whats your expectation for the NU - have you checked out a possible target?? There is a BRN just below at 0.7600 so expect a bit of turbulence during your flight . The last time price got down that far was in May 2012. Will be interesting to watch .

As for the AN - yes it is still in the middle of that consolidation and is just piercing the 21 ma again. The 2 scenarios as I see them are : Plan A - close back below the 21 then a retest and move lower to the bottom of the channel( Range) OR Plan B - a nice bounce back above the 21 confirming a possible change in sentiment to Bullish. Cannot exactly call it a TC but might be a nice wee Long up to the 89ma. What do you think about that idea ?

Happy pipping buddy.
  • #28,591
  • Dec 8, 2014 10:04pm Dec 8, 2014 10:04pm
EURUSD

Hi, here's my view on EURUSD. Tell me what you think. Thanks

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  • #28,592
  • Dec 8, 2014 10:33pm Dec 8, 2014 10:33pm
Quoting nic73
EURUSD Hi, here's my view on EURUSD. Tell me what you think. Thanks {image}
Agree Nic - but would need to see a close under that troublesome BRN at 1.2300 supported by a TC from the Macd of course. It is piercing through but a nice strong close under it might open the way for your move down to the T/line Support Target .
  • #28,593
  • Dec 8, 2014 10:54pm Dec 8, 2014 10:54pm
Binnie, my target for NZDUSD was taken from the monthly TF of the low. I have below the chart just wanting to explain that I actually missed this trade earlier and took late entry. The chart shows how I did it. Do give me you feedback on this. Did both trades on demo as I was not sure if taking trade in this manner was risky.

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  • #28,594
  • Dec 9, 2014 12:30am Dec 9, 2014 12:30am
Quoting nic73
Binnie, my target for NZDUSD was taken from the monthly TF of the low. I have below the chart just wanting to explain that I actually missed this trade earlier and took late entry. The chart shows how I did it. Do give me you feedback on this. Did both trades on demo as I was not sure if taking trade in this manner was risky. {image}
Good entry mate, Even though you were a bit late with the 1st entry it has worked to your expectations. Nice re-entry too.. Lovely pips - nice feeling eh
I just looked at the Monthly and it looks like your target is around about the 89ma.. Is that what you see?
  • #28,595
  • Dec 9, 2014 6:15am Dec 9, 2014 6:15am
Quoting binnie
{quote} Good entry mate, Even though you were a bit late with the 1st entry it has worked to your expectations. Nice re-entry too.. Lovely pips - nice feeling eh I just looked at the Monthly and it looks like your target is around about the 89ma.. Is that what you see?
Yup, 89sma on monthly is my target.

Results: Closed both trades. 2nd entry closed at break even. 1st entry closed at about 82pips.

Yes, definitely feel good.

EURUSD (re: post 28591) looks like I need to be a lot more patience. It isn't going down hill.

Thanks Binnie for replying.
  • #28,596
  • Dec 9, 2014 6:52am Dec 9, 2014 6:52am
Quoting nic73
{quote} Yup, 89sma on monthly is my target. Results: Closed both trades. 2nd entry closed at break even. 1st entry closed at about 82pips. Yes, definitely feel good. EURUSD (re: post 28591) looks like I need to be a lot more patience. It isn't going down hill. Thanks Binnie for replying.
nice trade Nic! well done!
Yvon
  • #28,597
  • Dec 9, 2014 10:09am Dec 9, 2014 10:09am
My play. What do you think?

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  • #28,598
  • Dec 9, 2014 1:48pm Dec 9, 2014 1:48pm
Quoting sajmon
My play. What do you think? {image}
Good Morning SM,
Nice chart buddy,
You seem to be using the basic things that I do - T/Lines as S & R, Divergence, BRN's. And thats all I will use. The Macd does the confirmation that I can pull the trigger. You have picked this all up really quick so good job there. One observation - did you enter when that Bearish candle CLOSED BELOW the 21ma? The reason I ask this is because you are pretty much Counter Trend and one of the safe guards for CT's is that we target the 21ma . I quite like CT's but will only play them if there is a good reward available down to the 21. If your entry was below the 21, then according to the Rythym rules, there is a good chance that the 89 will be the next train stop


I see you have not loaded the coloured Macd version but if you don't need it , then thats fine too. It just makes the picture a bit more pretty

I have attached the same chart from my Provider just to show you that not all charts are exactly the same. In fact I may have a look at getting back into the main Uptrend in 2-3 hours time . Reasons are - huge PinBar touches the strong lower Support after piercing the 89. Price recently tried to breach the 89 on Dec 4th but could not close below. Are there plenty of buyers sitting there ??? If I can get a nice RB from the Macd I will have a serious look. Generally the RB /RT signals are CT but this is one of few times that I will view them as Trend Continuations. I am seeing some Hidden Divergence as well ( Higher Low Price / Lower Low Macd ). Just my take on this one - will see what develops

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  • #28,599
  • Dec 9, 2014 1:59pm Dec 9, 2014 1:59pm
Eye Spy anyone

Yvon - can you tell me your thoughts on this one please. ? It has jumped out at me this morning so thought I will post it for anyone interested.

Attached Image (click to enlarge)
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  • #28,600
  • Dec 9, 2014 2:08pm Dec 9, 2014 2:08pm
Quoting binnie
{quote} Good Morning SM, Nice chart buddy, You seem to be using the basic things that I do - T/Lines as S & R, Divergence, BRN's. And thats all I will use. The Macd does the confirmation that I can pull the trigger. You have picked this all up really quick so good job there. One observation - did you enter when that Bearish candle CLOSED BELOW the 21ma? The reason I ask this is because you are pretty much Counter Trend and one of the safe guards for CT's is that we target the 21ma . I quite like CT's but will only play them if there is a good reward...
Thanks buddy for a thorough review. My entrance was at the opening of the candle
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