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4 Hour Strategy (MACD)

  • #28,641
  • Dec 22, 2014 1:21am Dec 22, 2014 1:21am
Quoting yaakruay
{quote} Hey hey hey you, Well done for the positive trades, what are you holding for the GBP? I would only trade the support to resistance lines on the daily as it's going no where but sideways.. I have been quiet on the forum but still trading a little bit, i have started an evening class and this is taking up alot of my spare time, but, there is always a but...It has made me see a difference in my trading. I only look at the Euro and GBP.....only looking at these 2 helps me to get the feel of them and lets my brain remember what i thought the...
Howdy Richard,
I agree with you. Nice warm day there mate
Have a safe Xmas too and I hope you stick with us here in the New Year.
Best Wishes from NZ.
  • #28,642
  • Dec 23, 2014 8:45am Dec 23, 2014 8:45am
just before I closed the book for a little while:
beautifull HS seen better on the 1hrs chart:
141222EURUSD:
What a nice trade here with that pair! It looks like the bottom as to be seen only with a flashlight!

I closed just a partial position : 118 pips gain
Attached Image (click to enlarge)
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Yvon
  • #28,643
  • Edited 12:49pm Dec 23, 2014 9:55am | Edited 12:49pm
141219EURUSD:

As we can see on the macd a HS formation having on the left shoulder a double TC`
But on the figure made by the candles, it is a consolidation on the left!
What can be seen also is the fact that all TC’s are below zero, kissing the zero line, making them flat (about the same height), while making a clear divergence with the candles configuration.

After opening trades (on the left) I kept the position opened even if this was going to be a high SL since a pull back to consolidation was in the cards, good thing I did it!

All trades have been closed near a duplicate "range" done by the range from the top head to the neckline, beautiful HS!

after the target level (where it says "reached") now so the price lost momentary momentum, just pulled back up!:::target has been "reached" . Maybe a new pull back in the neckline direction while the macd will probably make another TC BELOW the zero line, that 's a possible anticipation.
closed trades: 48 pips gain

:::::: Just a little comment here about the "range":
if you look at the candle that breaks the consolidation(in pink), the range of that candle covers about the same range from the consolidation. Now look at the HS: the 2 candles out of the neckline covers about the same range as the Head down to the neckline. That is why I put my target there or about there.
Attached Image (click to enlarge)
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Yvon
  • #28,644
  • Dec 23, 2014 12:23pm Dec 23, 2014 12:23pm
Quoting trademin
141219EURUSD: As we can see on the macd a HS formation having on the left shoulder a double TC` But on the figure made by the candles, it is a consolidation on the left! What can be seen also is the fact that all TC’s are below zero, kissing the zero line, making them flat (about the same height), while making a clear divergence with the candles configuration. After opening trades (on the left) I kept the position opened even if this was going to be a high SL since a pull back to consolidation was in the cards, good thing I did it!...
Great Post thanks Yvon,
Awesome to see you loosening your Stoploss on this one. This is a terrific lesson for all of us so nice that you share your wisdom.
Will try to get a last post in today before Mr. & Mrs. Xmas come knocking
  • #28,645
  • Dec 23, 2014 12:28pm Dec 23, 2014 12:28pm
Quoting binnie
{quote} Great Post thanks Yvon, Awesome to see you loosening your Stoploss on this one. This is a terrific lesson for all of us so nice that you share your wisdom. Will try to get a last post in today before Mr. & Mrs. Xmas come knocking
thanks for you comment Binnie,

Season Greeting for you and your familly
Yvon
  • #28,646
  • Edited Dec 24, 2014 7:12am Dec 23, 2014 1:06pm | Edited Dec 24, 2014 7:12am
141219NZDUSD: short.

already 24 pips secured
trade closed : 26 pips gain
Attached Image(s) (click to enlarge)
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Yvon
  • #28,647
  • Dec 23, 2014 1:17pm Dec 23, 2014 1:17pm
Last Post for this week.
I wanted to share those last 2 trades I took on 16 Dec.
The EuroAussie was a bad decision - I cannot think why I entered here to be honest. Certainly not part of my Rules - there was no strong level causing the bounce back towards the 21ma. The only signal here was the RT on the Macd. Not enough to confirm a Counter trend trade entry.

Got a recovery from the good old AussieUSD though so day not totally lost. Price has been turned away at a nice T/Line Resistance and Bearish move with a close back under the 21 & 8 ma's. Nice formed TC to get me back in the TREND. Got my target ok and cleared the earlier loss BUT I too have a fault in that I must learn to take more profits when they are offered like this

Getting there though - nice finish to my year. Enjoy the holidays everybody.

If anyone wants to just post random over the holidays, I will be around & perhaps we can share some highlights & stories Until the new trading year starts at least.

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  • #28,648
  • Dec 23, 2014 1:22pm Dec 23, 2014 1:22pm
nice trade Binnie! right on the the TC recognition, enjoy the good time home
Yvon
  • #28,649
  • Dec 26, 2014 3:30pm Dec 26, 2014 3:30pm

SEASONS GREETINGS TO EVERYONE AND WISHING ALL A DESTINY FULFILLED 2015!!!


I really want to use this opportunity to say thanks to everyone for all the insight to trading revealed in this forum. I am enjoying what is happening here. Even the trades that were wrong are part of our learning here. So thanks to everyone for all correct and wrong trades.


I am taking some time off this period and doing some concrete planning for the year ahead.


I love you all by God's grace!


God bless Phillip!



  • #28,650
  • Dec 26, 2014 4:08pm Dec 26, 2014 4:08pm
Quoting naustingfx
SEASONS GREETINGS TO EVERYONE AND WISHING ALL A DESTINY FULFILLED 2015!!! I really want to use this opportunity to say thanks to everyone for all the insight to trading revealed in this forum. I am enjoying what is happening here. Even the trades that were wrong are part of our learning here. So thanks to everyone for all correct and wrong trades. I am taking some time off this period and doing some concrete planning for the year ahead. I love you all by God's grace! God bless Phillip!
Cheers Nausting,
Nice you are following us. We miss your charts & insights so please stick around with us.
Regards and best wishes to you & all your family.

  • #28,651
  • Dec 27, 2014 3:21pm Dec 27, 2014 3:21pm
Quoting binnie
{quote} Cheers Nausting, Nice you are following us. We miss your charts & insights so please stick around with us. Regards and best wishes to you & all your family.
Thanks mate! and my warm regards to your family too.

I really love what is going on here.

I love posting, but sometimes I get so busy; and that is part of my planning for year ahead. I need to scrap somethings off and concentrate on what is perfectly necessary for me...I am training my emotions/mind to resist the crying demands of those things that come to ask for my attention which eventually puts me into a Marathon race without any price to be won at the end. I am believing God for a greater/better 2015.

No man is an island. we are all connected in some way or the other irrespective of our distances apart from on another. We, as well, consciously and unconsciously contribute to the success of one another in life. That is the mystery of human existence and inter-connectivity. By nature, we are tied to one another positively including the whole ecosystem...God is really wonderful in HIS creation... thanks!

Let's keep in touch folk!

It is well!
  • #28,652
  • Dec 27, 2014 4:23pm Dec 27, 2014 4:23pm
Quoting naustingfx
{quote} Thanks mate! and my warm regards to your family too. I really love what is going on here. I love posting, but sometimes I get so busy; and that is part of my planning for year ahead. I need to scrap somethings off and concentrate on what is perfectly necessary for me...I am training my emotions/mind to resist the crying demands of those things that come to ask for my attention which eventually puts me into a Marathon race without any price to be won at the end. I am believing God for a greater/better 2015. No man is an island. we are all...
  • #28,653
  • Dec 31, 2014 3:45pm Dec 31, 2014 3:45pm
Happy New Year to all our family here on Phillip's great thread.
We had a nice warm evening here & plenty of food & drink. I managed to last until about 1am but have had a great start to 2015 - a very clear head. LOL. Cooked a BBQ breakfast for my family and sitting here planning a day at the river - swimming/reading/snoozing.
Wishing you all a great day and a successful 2015.

Binnie
  • #28,654
  • Jan 1, 2015 2:54pm Jan 1, 2015 2:54pm
The Boss has said I can play on the Laptop for 15mins then she is turning it off (LOL)...
Just ran my eye over a few charts & spied this one to share. What do you reckon ?

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  • #28,655
  • Jan 4, 2015 8:05pm Jan 4, 2015 8:05pm
Hi everyone,
I am back on my trading table after two weeks break. It was good to take those time off to recharge and do nothing but relax. I am all excited and ready now to start work again. However, my laptop has gone for some repair work and trying to trade on iPad. Which is is not very convenient, the functions are different and not as handy. Drawing lines is a pain. But will try to do whatever I can to trade.

This morning spotted gbpusd and eurusd. Maybe possible for a reverse trade. As long tail formed and macd is are 0.0045 level. Sorry can't lost chart with iPad. Hope to hear from your guys too and leave me your comment of the pairs I just mentioned.
Happy trading. Nicholas
  • #28,656
  • Jan 5, 2015 1:09am Jan 5, 2015 1:09am
Quoting nic73
Hi everyone, I am back on my trading table after two weeks break. It was good to take those time off to recharge and do nothing but relax. I am all excited and ready now to start work again. However, my laptop has gone for some repair work and trying to trade on iPad. Which is is not very convenient, the functions are different and not as handy. Drawing lines is a pain. But will try to do whatever I can to trade. This morning spotted gbpusd and eurusd. Maybe possible for a reverse trade. As long tail formed and macd is are 0.0045 level. Sorry can't...
Hi nic,
I am glad that you took the time to have some time "off", it is refreshing all the time!
Eurusd: I just got out of some opens short positions, averaging about 75 pips.

Looking further , 1.1650 for the EURUSD pair in the future, for me, could be a very nice possibility…technically.
Fundamentally the bright side does not look like it is for the near future, but will see…
And possibility for the pair reaching parity and even a bit lower…would not be surprising…technically.

GBPUSD: the pair looks like it is having a very good strength… to go lower! But maybe a pullback in a short time then a could just keep going down

but will see!
have nice tradings!
Yvon
  • #28,657
  • Edited 1:21pm Jan 5, 2015 12:56pm | Edited 1:21pm
150105EURUSD:
I knew I took the trade a bit late. But since the lower trendline of the channel( the target) was still away, having enough room for some profit there I just went in. Sold it below trendline 1, easier to see on the daily chart,
while the 3 sisters( that makes the TC on the daily chart) can be seen on the the 4hrs chart.Evidently the trade was taken below the 3 sisters support, just after a light pull back to trendline 1
trade closed : about 75 pips gain.

what a nice" blue figure" on the daily chart.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 150105EURUSD-DAILY-1.png Size: 120 KB
Yvon
  • #28,658
  • Jan 5, 2015 1:37pm Jan 5, 2015 1:37pm
I have no trade in the GBPUSD, but alike the EURUSD, the same story can be written.
Again about the same “nice blue figure” can be seen here too!
Attached Image (click to enlarge)
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Yvon
  • #28,659
  • Jan 5, 2015 2:20pm Jan 5, 2015 2:20pm
About the AUD USD:
My view: the pair could be ready for a move away, but still momentum room to reach a little bit higher, I don’t expect the macd to cross the zero line, but maybe just another little try to reach the 21ema before falling again…but don’t forget, the direction of market do not depends on me!

maybe a nice blue figure here too,
Attached Image (click to enlarge)
Click to Enlarge Name: 150205AUDUSD.png Size: 115 KB
Yvon
  • #28,660
  • Jan 5, 2015 2:29pm Jan 5, 2015 2:29pm
AUD USD has too low volatility for me. I prefer trade on NZD USD, but until christmas AUD USD makes an interest downtrend channel where u can trade in both ways. Right now i'm waiting to reverse on USD JPY.

https://charts.mql5.com/6/635/usdjpy...markets-as.png
Always look at the bright side of life
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