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4 Hour Strategy (MACD)

  • #29,421
  • Jun 21, 2016 3:28am Jun 21, 2016 3:28am
Nausting,

For you comments and feedback please. Also, it is ok to trade now? Because on red news and UK voting to exit/stay in EU. That's my concern
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  • #29,422
  • Jun 21, 2016 3:30am Jun 21, 2016 3:30am
Quoting nic73
Nausting, for your comments EUTJPY counter trend {image}
Result Update on EurJpy trade on discussion...taken above

Sorry I could not reply timely...having electricity issues for many days now...even now I am running on my laptop battery.
Great speculation and analysis...you see how it all played out. That trade as we have anticipated together was a winner!
Thanks Nic. Keep it up!
Hopefully I will be here more often as things set up better.
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  • #29,423
  • Jun 21, 2016 3:34am Jun 21, 2016 3:34am
Quoting Cheeseburger
{quote} Please bare with me as this is my first analysis. What are the chances that the price might make it to the Daily 8 EMA, TP 2. SL - 30 TP 1 - 75 TP 2 - 140 Please advice {image}
Great to see your very nice and detailed postings!
Sorry I could not reply timely...having electricity issues for many days now...even now I am running on my laptop battery. I hope to be here more often as things set's up better...I wish you well in your trading bro...keep it up.

Thanks and God bless.
  • #29,424
  • Jun 21, 2016 3:39am Jun 21, 2016 3:39am
Quoting Cheeseburger
{quote} Update Had made a few gains but loss it all in one fell swoop, of cause after 30 pips gain i would have set my stop loss to break even. Could this be as a result of the bearish anticipation on the daily and weekly graph, is there anyway this could've been avoided and how should i view it next time around to better position myself. {image} {image}
I am happy for your experience and observations so far...please that is very important! Position management is trading in itself...never allow winners to turn to losers...it attacks your trading account and confidence and over time can start inputting fear and more losses may occur...to please check yourself well on that and decide how to take profits to your own benefits...You can see my own examples....I do take an initial quick profit always and allow others to run if there is still potential for further moves...
Thanks Chees...

I am running on battery...so I may not be here to post more often...
  • #29,425
  • Jun 21, 2016 4:02am Jun 21, 2016 4:02am
Quoting naustingfx
{quote} I am happy for your experience and observations so far...please that is very important! Position management is trading in itself...never allow winners to turn to losers...it attacks your trading account and confidence and over time can start inputting fear and more losses may occur...to please check yourself well on that and decide how to take profits to your own benefits...You can see my own examples....I do take an initial quick profit always and allow others to run if there is still potential for further moves... Thanks Chees... I am...
Hi Nausting

Thanks for the comment, I appreciate your input very much. Also, since having posted the EURJPY and EURUSD probable trades, I have been back testing intensively, and still at it, learning how to position myself even better. However, i will put up more charts to share my views with you and see if they are correspond with yours.

Thanks again
  • #29,426
  • Jun 21, 2016 1:44pm Jun 21, 2016 1:44pm
Quoting Cheeseburger
{quote} Hi Nausting Thanks for the comment, I appreciate your input very much. Also, since having posted the EURJPY and EURUSD probable trades, I have been back testing intensively, and still at it, learning how to position myself even better. However, i will put up more charts to share my views with you and see if they are correspond with yours. Thanks again

...thanks for comments bro.
I hope to be here as much as I can to respond to posts. Keep the good flag flying!
God bless.
  • #29,427
  • Jun 27, 2016 4:00am Jun 27, 2016 4:00am
Nausting for your comments and insight.
Anticipation for this week: EURJPY and USDJPY
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  • #29,428
  • Jun 27, 2016 4:32am Jun 27, 2016 4:32am
Nausting, more charts for you comment and insight.
Anticipation for this week on AUDUSD and NZDUSD
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  • #29,429
  • Jun 27, 2016 5:22pm Jun 27, 2016 5:22pm
Quoting nic73
Nausting, more charts for you comment and insight. Anticipation for this week on AUDUSD and NZDUSD {image} {image}
A very nice over view/overall picture...that is the way we do it...My comment is Yes, and Yes for both AudUsd and NzdUsd...no trade at these stages...we have to wait for some shaking out and then price activity will give some direction and based upon that, one can now decided on which way to go...

Thank you Nic for your generosity, sharing all these great and detailed info on multiple currencies...thanks!
  • #29,430
  • Jun 27, 2016 5:32pm Jun 27, 2016 5:32pm
Quoting nic73
Nausting for your comments and insight. Anticipation for this week: EURJPY and USDJPY {image}{image}
Yes for both UsdJpy and EurJpy charts...I am hoping to make nice pips on these pairs if I have the opportunity to watch the market this week...I trade all the pairs you have posted...so I will do my own analysis and add your own to it where necessary...but I think I can just use the one you have posted...they are detailed and easy to understand and use.
Thanks bro for posting!
God bless.
  • #29,431
  • Jun 27, 2016 9:23pm Jun 27, 2016 9:23pm
Nausting, thanks for your replies.
Audusd and Nzdusd have moved, down south! It wasn't that long a wait. My next anticipation is for price to pullback, move away and take trade. Maybe I can watch this closely, if conditions allow, will take trade from 1hr time frame. As usual, value your comment.

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  • #29,432
  • Jun 28, 2016 3:41am Jun 28, 2016 3:41am
Quoting nic73
Nausting, thanks for your replies. Audusd and Nzdusd have moved, down south! It wasn't that long a wait. My next anticipation is for price to pullback, move away and take trade. Maybe I can watch this closely, if conditions allow, will take trade from 1hr time frame. As usual, value your comment. {image}{image}
Yeah...trade was actually at the arrow like you said, but I do that with the 1hr early entry strategy, sometimes with the 15min too...

The 2nd opportunity is the analysis you have stated on your anticipation for price, that is, the pull back and move away...but just know where your strong support or resistance are that's all...and do not be afraid to enter when the facts are right in front of you bro....just make sure you are trading with the right account exposure, that is, with the right risk...PLAY SAFE always!!!

I think if all new ones will take this kind of approach in their trading, in the sense that they analyze the market and know its direction and are able to get it right, then over some time it will be easy for them to begin to spot high probability entry setups in agreement with anticipation....and that is also how money/pips can be made confidently...
Thanks for posting....
  • #29,433
  • Jun 28, 2016 11:20pm Jun 28, 2016 11:20pm
Nausting, I have question on NZDUSD. Post above on anticipation.

Question:
1. From the chart, is this how 1hr early entry is to be taken?
2. Price didn't quite move to target price, it pull back about half way through. What went wrong is it my anticipation / or entry too soon?

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  • #29,434
  • Jun 28, 2016 11:27pm Jun 28, 2016 11:27pm
Nausting,
eurjpy, 21ema move away after a pull back. Is this how to trade 21ema move away?

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  • #29,435
  • Jun 29, 2016 2:14am Jun 29, 2016 2:14am
Quoting nic73
Nausting, eurjpy, 21ema move away after a pull back. Is this how to trade 21ema move away? {image}
No I will not take that one...this is because price is still congested in that scenario and even the entry bar you indicated and about few bars before it is still struggling between the 21 and 8 moving averages...the tc on macd does not look nice to me too...
  • #29,436
  • Edited 2:43am Jun 29, 2016 2:37am | Edited 2:43am
Quoting nic73
Nausting, I have question on NZDUSD. Post above on anticipation. Question: 1. From the chart, is this how 1hr early entry is to be taken? 2. Price didn't quite move to target price, it pull back about half way through. What went wrong is it my anticipation / or entry too soon? {image}
I have boxed up my explanation in white boxes/rectangles...both on price and on macd...

See my chart below, I have used your chart to do the correction....that is the way I will do it.
When taking a 1hr early entry trade, the signal or entry setup has to be like normal as if it were in the 4hr...you do not just take an entry because you saw one candle in the direction of your anticipation...from your chart the place you pointed for an entry for 1hr is just one small red candle in the direction of your anticipation to go south....some times it can work out, but some other details has to back it up...but look at my chart below, I had to wait for a lower high on the macd and on price itself along that yellow trendline which you have drawn...you can see my own yellow arrow as well...the first arrow is yours and the 2nd one is mine...

Exit: then once you see that consolidation after that nice move to the south, and that little green/bullish bar, it is a good place to exit for at least a partial profit and set to BE if there is still need to remain in the trade....Hope you understand? If you do not, please let me know, and I will put more details maybe in charts to give more insight.

Thanks and God bless
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  • #29,437
  • Jun 29, 2016 3:00am Jun 29, 2016 3:00am
[quote=naustingfx;9005876]{quote} No I will not take that one...this is because price is still congested in that scenario and even the entry bar you indicated and about few bars before it is still struggling between the 21 and 8 moving averages...the tc on macd does not look nice to me too...[/quote

I have corrected my view on eurjpy, I took the daily chart into consideration. On the daily, price is bouncing away from the lower TL and it looks like it is going through a correction to go all the way up to upper TL. Overall it is bearish but i think now it is reacting between the channel.

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  • #29,438
  • Jun 29, 2016 3:09am Jun 29, 2016 3:09am
....
  • #29,439
  • Jun 29, 2016 3:13am Jun 29, 2016 3:13am
Quoting nic73
Quoting naustingfx
{quote} No I will not take that one...this is because price is still congested in that scenario and even the entry bar you indicated and about few bars before it is still struggling between the 21 and 8 moving averages...the tc on macd does not look nice to me too...[/quote

I have corrected my view on eurjpy, I took the daily chart into consideration. On the daily, price is bouncing away from the lower TL and it looks like it is going through a correction to go all the way up to upper TL. Overall it is bearish but i think
...
Good insight and keep it up.

...it is good to put the bigger picture in mind before taking trade...Phillip say that always...if you had done that, it would have saved you from taking that trade...and sometimes this happens when a trader tends to be in a haste to trade or when a trader is under stress or pressure and the trader tend to overlook very important details and can loose money...

Thanks
  • #29,440
  • Jun 29, 2016 3:13am Jun 29, 2016 3:13am
Quoting naustingfx
...I have corrected my view on eurjpy, I took the daily chart into consideration. On the daily, price is bouncing away from the lower TL and it looks like it is going through a correction to go all the way up to upper TL. Overall it is bearish but i think
...[/quote] Good insight and keep it up. ...it is good to put the bigger picture in mind before taking trade...Phillip say that always...if you had done that, it would have saved you from taking that trade...and sometimes this happens when a trader tends to be in a haste to trade or when a trader is under stress or pressure and the trader tend to overlook very important details and can loose money... Thanks[/quote]
Thanks you Nausting for your insight and feedback. I certainly didn't pay attention to the price struggle on the 4hr between 21 and 8 ema.
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