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4 Hour Strategy (MACD)

  • #29,641
  • Aug 12, 2016 10:43am Aug 12, 2016 10:43am
Quoting orangeRANGE
GBPchf For those who are watching this pair... {image}
Thanks for the chart. I'll be watching it now.
  • #29,642
  • Aug 12, 2016 11:47pm Aug 12, 2016 11:47pm
Quoting jcat
{quote} Thanks for the chart. I'll be watching it now.
  • #29,643
  • Aug 13, 2016 12:26am Aug 13, 2016 12:26am
AUDnzd

Just to share my method of analysis on how to confirm a trend reversal using H4 and H1 charts and getting into the "party" early.

H4
See the price action vs macd in the "box". They are not in agreement. Trend suggesting upward move but macd is forming Lower High. Something is not right here right?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 40 KB


THEN FLIP YOUR CHART TO SMALLER TF...

H1
The details were revealed here. Price action = double top (see ellipse), and macd signaling "downward" behavior.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 56 KB


THERE YOU GO. UPTREND MOVE IN H4 IS ABOUT TO FAIL. READY TO SHORT POSITION.

The same principals applied to Daily - H4 time frame (Proven in some of them already in my previous posts. So far so good.)
  • #29,644
  • Aug 13, 2016 2:07am Aug 13, 2016 2:07am
Hello ORANGE RANGE

Thanks verry much to share your method, in some way you trade divergences on MACD confirmed by smaller timeframe.

And you wait for a rhythm on smaller timeframe, Right? ?
Moroccan trader
  • #29,645
  • Aug 13, 2016 6:27am Aug 13, 2016 6:27am
hello
what you think about this?
must we wait for break of 21EMA and pullback on it?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 158 KB
Moroccan trader
  • #29,646
  • Aug 13, 2016 8:12am Aug 13, 2016 8:12am
Quoting ketabd
Hello ORANGE RANGE Thanks verry much to share your method, in some way you trade divergences on MACD confirmed by smaller timeframe. And you wait for a rhythm on smaller timeframe, Right? ?
My favourite trading strategy is trailing stops, hence I am always looking for entry in the beginning of "big/moderate reversal".
Somehow I do not fancy trading in the middle of trending market. Kinda too late.

Yeap. Use H1 to confirm the H4 (or H4 to confirm the Daily) and m5 to refine entry.
  • #29,647
  • Aug 13, 2016 8:23am Aug 13, 2016 8:23am
Quoting ketabd
hello what you think about this? must we wait for break of 21EMA and pullback on it? {image}
This is how you look at this pair. Remember that the heart of this system is 4 Hour Strategy (MACD). So always look at h4 first.

What do you see here (regarding trend vs MACD)? I will leave it to you to decide.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 40 KB
  • #29,648
  • Aug 13, 2016 8:32am Aug 13, 2016 8:32am
I see we must wait for price action on biggest timeframe.....
That look great, wil be observ it next week....
Moroccan trader
  • #29,649
  • Aug 13, 2016 9:14am Aug 13, 2016 9:14am
Quoting ketabd
I see we must wait for price action on biggest timeframe..... That look great, wil be observ it next week....
Always refer to H4 first. Daily/Weekly chart is the main direction. H1 (or lower tf) is to refine your entry.

If H4 looks ugly, better leave tht pair. We hv so many options. Find the best looking H4 to trade.
  • #29,650
  • Aug 13, 2016 11:34am Aug 13, 2016 11:34am
Orange Range... Thanks for your posts. I have a response/question for your last chart.

1- The chart shows divergence between the MACD and the Price. Which indicates a possible reversal. (Please correct if I'm wrong on that)
2- However, the MACD crossed the 0 line and then quickly recrossed on August 10. Is this not an indication of continuation of the downward movement?

If 1 and 2 are true, looks to me this shows one signal is showing not to trade down, while the other is saying to reenter down.

Thanks
  • #29,651
  • Aug 13, 2016 11:43am Aug 13, 2016 11:43am
Quoting elway
Orange Range... Thanks for your posts. I have a response/question for your last chart. 1- The chart shows divergence between the MACD and the Price. Which indicates a possible reversal. (Please correct if I'm wrong on that) 2- However, the MACD crossed the 0 line and then quickly recrossed on August 10. Is this not an indication of continuation of the downward movement? If 1 and 2 are true, looks to me this shows one signal is showing not to trade down, while the other is saying to reenter down. Thanks
Look at daily and weekly tf. How does the pa vs macd looks there.

One golden rules = if Daily tf doesn't give you any idea - leave it be. (But in gbpusd case now, it does give some clue)

As I always said here, we have so many pairs to trade. Look at the highest probability set up. Patient is virtue.
  • #29,653
  • Aug 14, 2016 5:42pm Aug 14, 2016 5:42pm
4 Hour EUR/NZD. Tails into the trend line and 89 EMA.
Attached Image (click to enlarge)
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  • #29,654
  • Aug 14, 2016 5:51pm Aug 14, 2016 5:51pm
EURgbp

For those who are watching this pair, higher time frames leaving us some clues here. I do not fancy LONG position as the price is now revisiting the previous peak in 2013 (monthly chart). Already nearby that "box" zone.

Daily chart will of course giving early sign when will be this pair "retracing" or "scalping'.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 40 KB
  • #29,655
  • Aug 14, 2016 9:14pm Aug 14, 2016 9:14pm
Quoting orangeRANGE
GBPchf For those who are watching this pair... {image}
GBPchf

Update from H4

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  • #29,656
  • Aug 14, 2016 9:22pm Aug 14, 2016 9:22pm
AUDcad

Look at this

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  • #29,657
  • Aug 15, 2016 12:44am Aug 15, 2016 12:44am
Quoting Qqe
Hidden
I am not judging.. Just thought that would have touched your SL, when i was actually ready to buy on short term. Just different styles of trading.
  • #29,658
  • Aug 15, 2016 1:44am Aug 15, 2016 1:44am
Good share orangeRANGE
looks like price action on M30
Attached Image (click to enlarge)
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Moroccan trader
  • #29,659
  • Aug 15, 2016 3:01am Aug 15, 2016 3:01am
Hope everyone had a good weekend!

Here is a potential move I am looking at for this week.

Market rhythm - Pullback to the 21ema, move to round level.
Attached Image (click to enlarge)
Click to Enlarge Name: AudJpy 4h 11.08.16.jpg Size: 204 KB
  • #29,660
  • Aug 15, 2016 3:09am Aug 15, 2016 3:09am
Similar set up on EurJpy

Rhythm - Move from 21ema to round level (.50 level)

Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy 4h 11.08.16.jpg Size: 197 KB
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