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4 Hour Strategy (MACD)

Quoting Morelands
Hey what's up Yvon Nice place for a turn around. Plus look at the purple horizontal line {image}

Hey Moreland! It is nice to hear from you. I’m on low gear these days on warm weather!
About the chart you showed:
It is a very nice observation. This view can be counted as realistic!
A turn around is a change of trend which a inverted HS here shows very well, and we can see one very clearly. And that line acting as support just supports that view!
Yvon
Quoting nic73
{quote} Nice one Yvon. I have the same necklines (top and bottom) and kinda of missed it on the 4hr time frame because I was in slumber land when it happened. Plus, I thought I would stay out of EUR for this week until the reform for Greece debts is firm. I caught NZDUSD for about 70+ pips on Monday, sold on Tuesday. It's pulling back to 21ema now. Wait and see the next move. There is still some good pips to catch for a move down to 0.6600 level. Will see what happens after the pull back. Have a summer and enjoy the sun in the beach. Nic
Yes Nic,
I agree with you,we have to be cautious about Greece here. Greece has “on the back burner” something that really could rock the market!
And congrat on the NSDUSD, nice trade there
Yvon
Quoting Morelands
Hey what's up Yvon Nice place for a turn around. Plus look at the purple horizontal line {image}
Great insight!
It is well!
Blessings to all!
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Stoploss adjusted...about an hour to midnight (my time). Will be going to bed soon...deciding to leave my position to the next day.
USD/JPY: my eyes is asking for some sleep...but my trading spirit is still active..
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This is the trade I was waiting for!
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USD/JPY Pair: Our Usual 1hr early entry technique made my day!
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Update on the NZD/USD Pair.
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USD/JPY PAIR: Daily :There is more chance for an up move. But I have made a lot of successful trades so far, and my target met for the month of June 2015. So I am summarizing my trading activity for the month. I have therefore closed all my positions. This is part of my discipline.

Wish you all well!
God bless!
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Quoting naustingfx
Update on the NZD/USD Pair. {image}
hi naustingfx,
Thanks for showing those nice trades there! Congratulations! Keep the good work!- doing very well in the market my friend.
Yvon
Quoting trademin
{quote} hi naustingfx, Thanks for showing those nice trades there! Congratulations! Keep the good work!- doing very well in the market my friend.
I love you brother!
You have been consistent here too! Let's keep the good flag flying together.
Wishing you a blessed Sunday and week and month ahead.
You are blessed.
God is good! HIS goodness and mercies endureth forever!
We worship the almighty God in all the places of HIS dominion!
Amen!
Quoting trademin
summer is here and not too much people around. Well I wish good vacations for those lucky guys that are near a swimming pool or laid down on a beach! enjoy it ! while I can be counted as one of them, I just plug a possible trade in there just to put some sand between the toes for a change. so have a nice day, 150623EURUSD Yes on the daily the pair shows a very nice RT where the correction reached the 200sma (olive)and now a possible continuation of the downtrend. Should it bounce on the lower part of the channel, then the correction is not over...
That target has been reached, some 185 pips in there(post 28877) . still some to come? I think so, but let's see...
Yvon
Quoting trademin
{quote} That target has been reached, some 185 pips in there(post 28877) . still some to come? I think so, but let's see...
NZDUSD 30 June 2015, Tuesday

Entered trade after pull back to 21ema and move away. MACD is a TC. 89sma on H4 and Daily time frame looks very bearish with the 89sma pointing sharply downwards. But do I see divergence in the chart? Please enlighten me with your insight. Thanks
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  • Post #28,898
  • Quote
  • Edited Jun 30, 2015 9:15am Jun 29, 2015 11:08pm | Edited Jun 30, 2015 9:15am
USDCAD 30 June 2015, Tuesday

Took a late entry on this. Woke up fro my sleep to realise that price has breached the neckline. It look to me a sHs pattern before the neckline was breached. Target is about 57 pips away from entry. Right now about 10 pips gained. Will see what happen in the later hours.
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Update on USDCAD (10 hours after trade entry): Trade stopped out at 1.2363 level for a lost of 46 pips! This is at around 21ema. ATR to 73-91 pips but I didn't use that as a guideline to stop loss as I felt it was too high. Do leave me your comments, especially on setting stop loss. I am a little confused how to set stop loss. Thanks
AUDNZD

I have been trying this for some months now but without much success so it's time I post my questions here for help from the very experienced traders.

For example, in the chart below, I have drawn three trend-lines (blue colour). Price stalled in these areas and I was waiting for it to breach the trend-lines to enter trade. But as you can see, trade here were almost impossible if whether on the H4 or H1 time frame, it has moved 200 and 130 pips. This sort of scenario happens quite often. Is there another technique to capture such trade, i.e. when market breach trend-line after stalling? Or is such trade not worth taking? Phillip gave some good examples of such trade but I am afraid that technique cannot be applied in this case. Thanks for answering my questions.
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Quoting nic73
NZDUSD 30 June 2015, Tuesday Entered trade after pull back to 21ema and move away. MACD is a TC. 89sma on H4 and Daily time frame looks very bearish with the 89sma pointing sharply downwards. But do I see divergence in the chart? Please enlighten me with your insight. Thanks{image}
hi nic,

NZDUSD :

This Is a very good example of a trend change :

Between the green horizontal line is a consolidation, some attempts have been made to break the channel (consolidation) above the price obtain in 2011 without success. Let say 3 major attemps up to now..

But at each attempt, the correction got a support getting higher making a uptrend support expressed by the yellow line there. At the same time the momentum shown by the macd expressed a negative divergence on the last RT.- taking a short position at that level would have get phenomenal gain: since the divergence, the RT sowing a short position, seing the pair at the upper part of the channel would have supported that move. that shows selling pressure.
{C}1. the pair broke the 21ema(blue) and the yellow support line with force.
{C}2. breaking the 89sma and the channel(green)(or consolidation)
{C}3. making a pull back at S2, and not being able to cross over, the pair just fall with force, just like the Niagara Fall.-
{C}4. making a TC on the monthly chart- (the pull back to 89sma) and at the same time making a right shoulder that is below the consolidation.
{C}5. the widening distance between the 8ema(red and the 21ema is just starting to get larger.
{C}6. on the FIB: price just crossed the 50% retracement(.6700), but at that level or 62.8%(around .6400) retracement where the projected uptrend line is, maybe a bounce up
{C}7. so there it is.
{C}8. on the 4 hrs chart a HS with a target of .6700 could be next, but will see

That's my view but market has the last word.

we can see it also with the chart on closes only:--sorry for the drawing mistake there...but now it is ok.

And the 4hrs charton the closes)
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Yvon
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