4 Hour Strategy (MACD)

EurAud Long?

Potential Opportunity EurGbp

Rhythm changed on the GBP pairs yesterday so only had the NzdJpy pair to get involved in with out of all set ups posted.

Had to be patient, but now we are seeing some nice rhythm the opposite way with the GBP (strength)

Here's one on the EurGbp

Rhythm - TC from 21ema to round level

Potential Opportunity GbpUsd

Break 21ema/89sma, pullback, move to round number

Should I be using the H1 with the H4 timeframe to get tighter entry and stoploss. I notice a lot of times they contradict each other.

Is it my lack of ability to let go and be patient. We have all felt the disappointment when market goes against the position. Only to feel relieved when it turns direction.

Also lately I have missed my T.P by 15-30 pips to eventually B/E, am I being too greedy, should my TP1 be around 20-30 pips.

Can any one recommend how I could improve my strategy?

Many thanks Riese

EurJpy Potential Opportunity

Break above 21ema, pullback, move to round levels



Draghi speaking at 12pm so may want to wait for after

Hey all,

Hope everyone is well.

Lots of potential opportunities this week, here some that I see. I have attached both 1h and 4h charts to show the technique of combining multiple time frames, especially the 1h/4h.

EurJpy -

4h - Break 21ema, pullback, move to 89
1h - Break 89sma, pullback, move to 365ema (black box shows we may pullback further to 89sma before move lower)

Target - 89sma in 4h is initial target, but a break and pull back could see moves down to 200sma

Happy trading

ChfJpy - Potential Opportunity

Price broke below the 21ema in the 4h and broke back above it.

I am looking for a pullback to the 4h 21ema and potential moves higher to the round levels.

Rhythm -

4h - Break above 21ema, pulback, move to round number
1h - Break above 21ema and 89sma, pullback, move to round number

Target - 114.00 / 114.50 levels

In the 1h chart you can see price has broken above the 21ema and the 89sma which suggests higher moves from here.

GBPNZD Potential opportunity

The GBPNZD has broken below the 21ema and the 89sma in the 4h and sits between the 200/365 ma's

Price has pulled back to the 21ema suggestion the higher probability is a move down towards the 200ma and the round level it sits at.

It the 1h price has broken below all moving averages and is completing a break 21ema, pullback move to 89 sma set up. I expect this to complete at the 89sma and head further south towards the 240 target.

More cautious approach would be to look for a break below the 21ema in the 1h, pullback and move away. However the trend line can give confidence to take the trade from a "turn away" of the 89sma (which is what I will be looking for)

Rhythm -

4h - Break 21/89/365 ma's, move to 200ma/round level
1h - Completion of break 21ema move to 89sma (expecting the 89sma to "turn price away")

Target

200ma in 4h + 1.7400 round level

These are just a couple of potential opportunities this week that I am looking out for.

IMPORTANT - This week is a week of 3 rate decisions in the USD, CHF and GBP which start from Wednesday night onward. These can cause a lot of volatility so you must consider these. Any trade set ups can be blown away by these so it is something to keep in mind. Please also remember these are based on probability, nothing is 100% in forex.

Happy Trading

GBPCHF Potential Opportunity

Price has broken the 21ema in the 4h and pulled back (it is currently above it) - Rules suggest higher probability is for a further move down to the 89sma

Rhythm -

4h - Break 21ema, pullback, move to 89sma
1h - Bounce on trend line or break below 21/89/200 ma's, pullback, move to 365 and round level (or both entries can be taken)

Target - 1.26500 level

Thursday has CHF and GBP rate decisions, best outcome would be a completion of move before Thursday as this pair will likely be very volatile on Thursday

Happy Trading

ChfJpy Update

First target has been reached, this could give a pullback to the 21ema which would set up for potential moves higher to the 115.000 level (as mentioned in previous post).

Looking out for a TC from the 21ema.

I expect it to also possibly reach the 115.500 level if it gets into that area however I will see how price reacts at the 115.000 and keep in mind CHF rate decision on Thursday.

GBPCHF Update

Price gave a nice signal candle from the trend line but failed to break below the candle. For those who read my posts normally you know I will look for the candle high/low to be broken as a way of filtering out bad trades.

Price broke above the trend line instead and has now given a nice TC from the 21ema.

I am looking for the 1.3000 level

It is good to have a plan and anticipate the market, but always be prepared to react to what the market does.

Hope this helps (patience is important)

Happy Trading

USDJPY Potential opportunity

Price has given a nice break and pullback of the 21ema in the 1h.

This is a counter trend trade in the 4h so one must keep that in mind.

If a good entry appears I will be looking for a move down to the 200sma, keeping an eye on the 89sma on the way down.

Please, who can make mq5 version of colored MACD, in particular corresponding to the following mq4 version, your help is highly appreciated

CHECK PM box dear Jonny

Eurgbph4 macd show divergence
sell signal.
Entry around 0.8456
stop loss at 0.8540
target profit 0.8335
risk/reward 84/121=1:1.44
hope this trade work out.

hi Phil , I would like to know if this thread is still open for question. Please advise , because i am studying you strategies that i like very much. i traded the NZD/USD yesterday and closed the trade today with $125.45 pips following your strategy. Which is umbelievable. thank you very much for your strategy.
God bless you!!

USD/JPY Daily short opportunity?

yes I would think so

Any one out there?

You guys are too quiet, what happened or are you running your own threads now?