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4 Hour Strategy (MACD)

  • #29,581
  • Aug 9, 2016 5:14am Aug 9, 2016 5:14am
USDcad

Sign of "fatigue" up trending. Nothing much happened since last Friday's nfp.

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  • #29,582
  • Aug 9, 2016 5:23am Aug 9, 2016 5:23am
GU

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  • #29,583
  • Aug 9, 2016 7:12am Aug 9, 2016 7:12am
Quoting orangeRANGE
GU {image}
I was considering entering on that 2nd TC pattern on GBPUSD for a short... but i thought the move started on the previous big candle that almost touched 21 EMA... But now that i take a better look.. i could have sold it there since price was exactly the same..

I was doubtful since price didnt make another pullback close to 21 EMA, but now i realize it was just part of the first move.

Is anyone still taking TC pattern?
  • #29,584
  • Aug 9, 2016 7:45am Aug 9, 2016 7:45am
EurGbp Update from yesterday (Exited at .8550 level)

Trade 1 = +44 pips
Trade 2 = + 57 pips

Total = +101 pips

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  • #29,585
  • Aug 9, 2016 8:34am Aug 9, 2016 8:34am
Quoting JonnyPip
{quote} Hey jcat, No problem, always remember that "doing nothing" in trading is making a choice to do something. Doing nothing doesn't mean you are not trading, you can be waiting 3 days for a trade and during that time you ARE trading because you are making the choice not to enter as you have looked at the charts at the opportunity hasn't presented itself. Inversely, opening the chart and clicking buy or sell without knowing why is not trading, yet it feels like trading because trades are being put on. Understanding this is always a bit of a revelation...

Thanks it really did (help). I have been studying candlesticks, and can recognize the more basic ones for sure.

thanks for your charts, and to the others who contributing to this thread.
  • #29,586
  • Aug 9, 2016 9:54am Aug 9, 2016 9:54am
EU

Some sign of support from 200sma here

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  • #29,587
  • Aug 9, 2016 10:03am Aug 9, 2016 10:03am
NZD/USD, just went up through on the hour. Closed above the 89 EMA. The 4hr is above, but hasn't closed yet. Watching it...


Made 30ish pips on a Market Rhythm, pull back, test, and continue on the GPD/AUD, this morning.

Made 10 pips on the USD/JPY, now waiting for it to test the 89 ema.
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  • #29,588
  • Aug 9, 2016 2:13pm Aug 9, 2016 2:13pm
Hi
Potentiel macd setup on eurjpy with thé close of 4h candle if...

Can I have the ÉMA et SMA that you put and à smal explication of thé rythme on it??

What s thé close hour of H4 thats you use? Me thé 5_9_ 13_17_21 gmt???
Excuse my église.
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Moroccan trader
  • #29,589
  • Aug 9, 2016 4:25pm Aug 9, 2016 4:25pm
Hi

Divergence on double top

Good setup !!!!???
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Moroccan trader
  • #29,590
  • Aug 9, 2016 4:42pm Aug 9, 2016 4:42pm
Quoting ketabd
Hi Divergence on double top Good setup !!!!??? {image}

Both of those trades are against the trend, so "risky." I am new so, that is all I can say.
  • #29,591
  • Aug 9, 2016 4:47pm Aug 9, 2016 4:47pm
Quoting jcat
{quote} Both of those trades are against the trend, so "risky." I am new so, that is all I can say.
Right. Harmonic in addition . It s a strong reversant
Moroccan trader
  • #29,592
  • Aug 9, 2016 4:52pm Aug 9, 2016 4:52pm
Image
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Moroccan trader
  • #29,593
  • Aug 9, 2016 5:05pm Aug 9, 2016 5:05pm
AUDcad

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  • #29,594
  • Aug 9, 2016 5:10pm Aug 9, 2016 5:10pm
EURaud

That s/r level line could be the key level for the price action. Let's see how it plays out.

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  • #29,595
  • Aug 9, 2016 6:28pm Aug 9, 2016 6:28pm
Quoting orangeRANGE
EURaud That s/r level line could be the key level for the price action. Let's see how it plays out. {image}
EUR/AUD

Just broke the 21 EMA and pulled back on the hour.

IF it goes up, it'll meet the 89 EMA right at that resistant line.
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  • #29,596
  • Aug 9, 2016 7:58pm Aug 9, 2016 7:58pm
I am long on NZDUSD from 0.7155.. Target 0.72130.

I cant upload chart now cuz i am in the office.. later i will update
  • #29,597
  • Aug 10, 2016 12:22am Aug 10, 2016 12:22am
Quoting guiyee
I am long on NZDUSD from 0.7155.. Target 0.72130. I cant upload chart now cuz i am in the office.. later i will update
NZD Offical Cash Rate later today bro. Stay away from Kiwi pairs (unless you are doing demo it is fine).
  • #29,598
  • Aug 10, 2016 2:11am Aug 10, 2016 2:11am
Quoting guiyee
I am long on NZDUSD from 0.7155.. Target 0.72130. I cant upload chart now cuz i am in the office.. later i will update
Sounds like a great trade guiyee, price has made a daily high of .72269 so far

As Orange said, RBNZ Rate Decision in about 12 hours so be cautious leading up to it.

Well done!
  • #29,600
  • Aug 10, 2016 3:37am Aug 10, 2016 3:37am
Quoting ketabd
Hi Divergence on double top Good setup !!!!??? {image}
Hey Ketabd,

As jcat said, always remember the counter trend trades have a higher failure rate as you are going against the trend.

Personally I will only take counter trend trades if the conditions are perfect, otherwise you will find you are handing back a lot of your profits needlessly.

If you do take a counter trend move, remember the rules state the 21ema is the target. Setting a target past the 21ema is very risky

Hope this help
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