Looks to me the market cannot decide which direction to go. It is just me or are you guys seeing the same happening? There are many major financial news coming tomorrow particularly for Aussie, NZ and US. Could this be the reason?
4 Hour Strategy (MACD)
- #28,603
- Dec 10, 2014 12:12am Dec 10, 2014 12:12am
Eye Spy anyoneYvon - 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. {image}
ref to post 28583:
my view stays the same, stuck in a consolidation, waiting for a new figure out of that. moving averages about flat.
but that's my view.
red news are coming tomorrow morning, maybe new figure will emerge!
Yvon
- #28,604
- Dec 10, 2014 12:13am Dec 10, 2014 12:13am
Looks to me the market cannot decide which direction to go. It is just me or are you guys seeing the same happening? There are many major financial news coming tomorrow particularly for Aussie, NZ and US. Could this be the reason?
Yvon
- #28,607
- Dec 10, 2014 5:53pm Dec 10, 2014 5:53pm
141209AUDNZD: Just got out on this trade : 87 pips gain,
I didn't trade, as I was not sure about my thoughts, as shown in the chart below. Tell me your view. THANKS.
- #28,608
- Dec 10, 2014 11:55pm Dec 10, 2014 11:55pm
{quote} Yvon, tell me how you made your decision to go into this trade. I didn't trade, as I was not sure about my thoughts, as shown in the chart below. Tell me your view. THANKS.{image}
There is a up trend channel, (on the post 28606 the chart is the daily chart while the trade is on the 4hrs chart)
On the 4hrs charts:
The pair is in consolidation at the bottom of that channel, not expecting too much from the 21ema since it is about flat, but the macd showed a HS without the right shoulder that was already below the 21ema .And since there was already a pull back to the 21ema, I just sold it anticipating a move down.
The range of the target is the same range from the top head to the neckline.
I usually don’t trade consolidation since it is difficult to anticipate the breakout, but it is easier to anticipate from a HS, and for sure the macd showed a HS in formation. A nice HS easy to see on the macd, well formed, I just couldn’t resist to take it!
Yvon
. 
- #28,613
- Edited 7:29am Dec 11, 2014 6:35am | Edited 7:29am
141210EURAUD:
got in and out for 16 pips gain( SL too close to action),
then got back in, for 90 pips secured, Still in...
History:
On the weekly chart there is a clear HS-1, which was suppose to turn down just before the green “strong candle”, but the pair turn around , moving up instead of going down.this create a channel starting with a new Head (HEAD-2).
Now my SL is just at the crossing of the upper channel line (+90 pips) just in case the pair decide to stay in the channel, the target is way high, some 500 pips higher!
got hit by SL, total 109 pips, trade closed for now...
got in and out for 16 pips gain( SL too close to action),
then got back in, for 90 pips secured
, Still in...History:
On the weekly chart there is a clear HS-1, which was suppose to turn down just before the green “strong candle”, but the pair turn around , moving up instead of going down.this create a channel starting with a new Head (HEAD-2).
Now my SL is just at the crossing of the upper channel line (+90 pips) just in case the pair decide to stay in the channel, the target is way high, some 500 pips higher!
got hit by SL, total 109 pips, trade closed
for now...
Yvon
- #28,614
- Dec 11, 2014 7:26am Dec 11, 2014 7:26am
141210EURAUD: got in and out for 16 pips gain( SL too close to action),
- #28,615
- Dec 11, 2014 8:02am Dec 11, 2014 8:02am
{quote} It's nice that you can learn from you
The idea is “anticipation”, and this explanation is to provide an example on history by observing a higher time frame, then knowing that, it gets easier to “anticipate” what could be the next move and act accordingly.
.Phillip Nel used to make a video on what could be next on pairs on the Sunday so we can anticipate ( called "weekly anticipation") what could be coming, those were examples, this is why we can do the same thing , any time we want by just looking at daily or weekly chart and observe the position of the pair, then go back to the 4hrs chart.
Yvon
- #28,617
- Edited 8:21am Dec 11, 2014 8:12am | Edited 8:21am
141211EURUSD:
already 30 pips secured
my SL is kind of tight to the action in case the price just move back up, it is a RT, so a counter trade.
trade closed! that was a quick trade: 30 pips gain
already 30 pips secured
my SL is kind of tight to the action in case the price just move back up, it is a RT, so a counter trade.
trade closed! that was a quick trade: 30 pips gain
Yvon
- #28,618
- Dec 11, 2014 10:41am Dec 11, 2014 10:41am
141211EURUSD: already 30 pips secured
- #28,619
- Dec 11, 2014 4:56pm Dec 11, 2014 4:56pm
{quote} Tell me how you made your decision to go into this trade.
ref: post 28617
Reasons:
1-2-3 sisters, so price could go down
Candles above the 8 ema(red), so expecting a possible pull back to 8, 21 ema or 89…(which is a going down)
Macd overbought, so macd available to go down
Price got to the 200 sma (on the 4 hrs chart), which is consider to be a peak resistance since mid October, so I expected the price to go down,
Candles made a kind of blockade (price looks like pair wants to make a pause
Round Top
Yvon