4 Hour Strategy (MACD)

AusNzd

Set up of break 21 ema, pullback move to 89sma seems to be setting up.

Already short but could still give good r:r after 4h candle

There are a LOT of set ups this week by the looks of it, too many to put charts up:

Others seem to include:

UsdCad - long having broke 21ema and pulled back

AusUsd - short - move to 21ema, turn away, move to 89 sma

NzdUsd - short - break 21ema, pullback move away

AusJpy - short - 21ema

Cadjpy - short 21ema

nzdjpy - short 21ema

Seems endless!

Thanks Jonny for sharing your view. Already in the trade for AUDNZD.

EURUSD Counter trend trade

Almost touched target at 21ema. Took some nice profit already .

AUDNZD taken on 22 September

Moving from 21ema to 89sma, another counter trend trade. target profit almost reached.

Hope you understand the chart. Quite a bit of info in there.

Hi Nic,

It was a nice one huh?


H&S target has just been reached but looking at the larger time frames this might have some more legs in it.

Will have to keep an eye on it.

I have already taken my profit. But it is ok, I am happy with what I have made.

EURJPY analysis

Anticipation 1 as per chart attached, for move up north.

If that does not happen price could then move down pass 21ema, pull back and move away to 89sma (counter trend).



Watching the pairs I usually trade and market is very odd since last weak. Cannot decide where to go yet.

Please leave your valuable insight. Thanks

EUR/JPY TRADE. 08:00 CANDLE CLOSE: 15TH OCTOBER, 2015

Hi Nic,

I am back from journeys...and I had to take some little time to draw some nice plans for my trading activity...so during my plan period, I do not really post to the forum...this is because I do not like giving people something brief...I like to throw details open, that is, I like operating from a broader perspective (I like looking at things or events from the bigger picture...and that is always very powerful), and this can be applied not only to trading, but in every life situation (at home with wife and kids, at your work place, and in the society or world at large)...Therefore, I took time to put myself in order so that I can help in some way to put another person in order here in this forum and in other things that I get involved with....Yeah!

Right! Let's look into your post now:

I have taken time to read go through posts...the post you have above on the EurJpy pair is very very nice...all the details you exposed about the current situation of the market is good and any trader can bet his money, live money on your analysis in anticipation that price will go north...but that has to be done at just the right time/level/price and with good position or trade management one can make good pips....

But please like I said earlier and in my previous reply to your post and other posts I have given to this forum...I like to view the actions of people (price chart) from a bigger picture...I have always point this out here and to you...ONCE AGAIN YOUR ANALYSIS IS NICE BUT I WILL NOT BET MY MONEY ON OR ACCORDING TO IT BECAUSE YOU DID NOT SHOW ME WHAT THE LONG TERM SITUATION WOULD LOOK LIKE (YOU DID NOT SHOW ME THE BIGGER PICTURE). YOU HAVE BUILT YOUR PLAN ON A VERY SHORT TERM BASIS...

NOW YOU ARE GOING TO SEE FROM MY TRADE BELOW (15TH OCTOBER, 2015: THE 08:00 CANDLE) HOW ONE WOULD HAVE RUN INTO A BIG PROBLEM IF A LONG TRADE WAS TAKEN BASED UPON VERY SHORT TERM ANALYSIS...

From your very short term analysis, anyone that followed you would most likely be only focused on price going north and will not be prepared for anything otherwise....

AND THAT IS EXACTLY WHAT HAPPENED 2 DAYS LATER...THE REVERSE BECAME THE CASE...PRICE WENT SHORT (SOUTH), AND DID NOT GO NORTH AS YOUR ANALYSIS SUGGESTED...SO I WAS IN THE MOVE TO THE SOUTH INSTEAD AND THE TRADE TO THE SOUTH PRODUCED FOR ME +170pips MOVE...AND I TOOK ALMOST ALL OF THEM...

SEE MY CHART BELOW

I TOOK THE TRADE FROM 1HOUR EARLY ENTRY TECHNIQUE

CHART ANALYSIS:

I have put some chart together...the first chart gives the BIGGER PICTURE of events...and you can see there clearly that the trend line ABC is very important. And what is happening at point C is a warning against any anticipation for price to move or proceed to the north as regards long term view...

INSET M: That is the 4hour chart...there, what is happening in the BOX C on the DAILY time frame was revealed...it is in that little BOX that you did almost all your analysis (and that is short term for me).

The vertical line which I have drawn there (16:00 candle, on the 13th Oct, 2015) is on that last candle you were analyzing on your own chart (INSET N) as an additional point or backing to take a long trade...

Any yes...just as you pointed out, that very candle closed and stayed above the moving average...that is very good signal to go long for me and for you right...but the risk reward at that stage was not perfect, but the trade can still be taken...BUT WITHOUT THE BIGGER PICTURE in place, one may relax and would want to see price running to the north for a long time, yes because that signal your spotted is a very powerful one for a longer move to the north...then you take it and you believe it will go in you favor and continue to the north....and you may not even think of taking any partial profit, yes because the signal for sure is very promising...and suddenly price turns against you...

So assuming the trade was taken to the long like you suggested, it is very nice and okay, but without having the longer term view in mind, it will be difficult to manage that sudden move to the SOUTH that happened about 2 day later...anyway, price also indicated sluggishness in moving to the north before that happened...and normally when I take a deal and begin to sense some sluggishness in price move, I begin to take a 2nd look at my position and analysis...

My summary is that the BIGGER PICTURE should be the major focus as we do short term analysis...Something happened and I went far behind and I saw a trade you took and made about +120pips in the month of MARCH 2015; (http://www.forexfactory.com/showthread.php?p=8144047#post8144047) post 28,806 and 28,808...those posts are very interesting, and I would like you any anyone to visit that post and absorb the info there...

Please I hope that my explanation makes sense and benefit everyone.

God bless

SEE CHARTS BELOW

usd/jpy. 15th october, 2015

HOW I ENTERED

performance update chart

OVERALL

previous trades:

usd/jpy. 14th october 2015

purpose: Just to show that the system is working...then you have to put the effort, have the patience, pray to god, and eat the fruits of your hard work.

reality:

knowledge, hard work, discipline, patience... Alone cannot give birth to success, unless god pours out his grace on them!!!

this is the reality of divine prosperity!!!

PREVIOUS TRADES:

EUR/USD. 14th october 2015

purpose: Just to show that the system is working...then you have to put the effort, have the patience, pray to god, and eat the fruits of your hard work.

REALITY :

knowledge, hard work, discipline, patience... Alone cannot give birth to success, unless god pours out his grace on them!!!

this is the reality of divine prosperity!!!

PERFORMANCE

Profit taking is at the 127% Fibonacci extension level as seen on the 4hour chart below.

Reality of Success:

knowledge, hard work, discipline, patience... Alone cannot give birth to success, unless god pours out his grace on them!!!

USD/JPY. 7TH OCTOBER 2015

PURPOSE:

Just to show that the system is working...then you have to put the effort, have the patience, pray to God, and eat the fruits of your hard work.

Reality of Success:

knowledge, hard work, discipline, patience... Alone cannot give birth to success, unless god pours out his grace on them!!!

JESUS IS LORD!!!

HE IS THE SOURCE OF MY SUCCESS...I REMEMBERED MANY TIMES WHEN I ALMOST QUIT FROM THIS BUSINESS, AND HE WOULD NOT LET ME BECAUSE GOD SEE THE END OF MANS JOURNEY FROM THE VERY FIRST DAY HE TOOK A STEP. HE KNEW I WOULD BE SUCCESSFUL.

USD/JPY. CURRENT SITUATION OF THE USD/JPY PAIR

...I FOLLOWED THE MOVE TO ITS VERY LAST END @ 127% FIBONACCI EXTENSION BEFORE IT REVERSED. I HAVE SHOWN HOW I FOLLOWED THE MOVE IN THE EARLIER CHARTS POSTED....

Reality of Success:

knowledge, hard work, discipline, patience... Alone cannot give birth to success, unless God pours out his grace on them!!!

JESUS IS LORD!!!

happy trading to you all!!!

forex is like life in the jungle...you have to have a brave soul

we survive by grace!