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EricthePip replied Dec 17, 2007Looks like both the u/j and g/u have passed through the 8ema....Maybe a TC opportunity on the 21?? Eur/usd is the laggard, still sitting below the 8...
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007MACD indicator — FYI, for those interested in MACD alarms, V104 of the indicator has them.... Also prints the type of MACD (RT, RB, RT, etc).... Though having this and not focusing on market motion can be hazardous.... Posted on 9/10/07 in the ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007You weren't dreaming, I downloaded this from the thread during my original study. I read it again, but wouldn't be able to tell someone how to turn on the alarms, maybe you'd have to modify the mt4 source code....
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007Alarms in Indicator — Hmmm, mine doesn't even have alarms as an option. I'm using MACD_Colored_v102. Is there a newer one??? Would be a nice thing to turn on overnight.... (Great, another thing to wake me up!!!) I'm thinking it would be better ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007365 was frozen from the 4hr chart onto the 1 hour chart. Entry was in anticipation of TC on the 4HR, and based on a tweezer bottom on the 1hr. I'd been watching the motion of the yen for weeks, been bouncing nicely off the 8 and the 21....
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007Yen Trade — Also took on the yen at 3:10 AM. Rationale: Tweezer bottom off the 365 (1hr), broke through the 8EMA and bounced back above it. Placed stop just below the 365, TP1 = 30, tp2 = 60 (still open), tp3= tbd... Moved stop to break even ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007I prefer 3am est. I found a new data source (MVP) that has the 4HR bar end at 3AM (used to be 2AM). Plus at 3AM, the European market has one additional bar under it's belt, and sometimes that's enough to "show it's hand"...
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007It would be wise for you to study some basic candle formations. Simply "google" candlestick forex and read up. Candles show emotion, which is the cause for market motion.
4 Hour Strategy (MACD)
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EricthePip replied Dec 17, 2007Grabbed this one as well, my data source had a great looking inverted hammer (on the 1HR)... Woke to an alarm I had set for a down move. Short at 2:57AM EST, 1.4417, fell out of the gate, moved SL to BE at 25Pips, TP1:40, TP2:80 (with alarm to ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 16, 2007Must be nice.... my 18' is in the garage with 8" of snow in the driveway.... Great job on the pips on the gap....
4 Hour Strategy (MACD)
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EricthePip replied Dec 16, 2007Eur/Usd — Might be able to get a few pips out of a CT (back to the 8EMA!), but I'd prefer to wait for a retrace Then a TC down off the 8.... (look at all those pips from the 12/14 8:00, 12:00, and 4:00 bars!!) on the TC Be interesting to see ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 14, 2007Trailing stops are a broker dependent question. I trade in Oanda which doesn't offer trailing stops, so I have to do it by hand. i.e. keep moving it in the direction of the market.
4 Hour Strategy (MACD)
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EricthePip replied Dec 14, 2007Be careful with priorities, young Jedi
...... Mine our: God (if you believe), Country, self/family (these vary in order if you ask my wife/kids), job, trading... (at least until trading$$> job $$$).... Sometimes best to learn slow w/o the pressure ...4 Hour Strategy (MACD)
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EricthePip replied Dec 14, 2007Set alert in mt4 in the navigator window (alerts tab). Left click in the Nav window choose create, choose pair and choose <> bid or ask and price.... Good to go... Just don't forget to turn them off. Left for two days, wife complained the computer ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 14, 2007One thing that helps me (When I don't turn them off at 2AM) is alarms (in mt4). For example, last night, set an alarm for the yen at 112.19 (Wanted pull back to the 8 for a TC entry). Unfortunately the alarm didn't go off since the low was 112.26 ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 14, 2007Great reading these last 5 pages (been on a business trip). I caught the first move on the Euro, but missed the second sleeping. For some reason, I turned off the alarms that I set at 10PM, when I was chart gazing at 2AM EST... Thinking, euro going ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 12, 2007Resistance in the 2.05 area (around the 365)??? I have a trend line below (down about 75 pips)...
4 Hour Strategy (MACD)
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EricthePip replied Dec 12, 2007Usd/JPY — Watching Yen for a possible TC. Notice bounced off previous high (November) of 111.75 (former trendline/resistance, could become support)...
4 Hour Strategy (MACD)
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EricthePip replied Dec 12, 2007On the subject of thinking (too much). I'm no Elliottwave expert, but one other view on the EUR/USD is that Wave 1 (impulse Wave) down bottomed on or around 12/6 at 1.45 (personally doesn't look too impulsive, 5 down, without really a big wave 3). ...
4 Hour Strategy (MACD)
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EricthePip replied Dec 12, 2007#$(*#$)( U/J. I was stalking it this morning. Watched it break above the 200. My stop was to be 110.95 off the hourly chart.... Waiting for it to come back to the 200 for a lower risk trade (it had paused around 111.43, about 13-15 pips above the ...
4 Hour Strategy (MACD)