The "head" is lower than the "shoulders", so this is more a Double Top than a Head & Shoulders formation. However, the entire Double Top could turn out to be the "Head" in a much bigger Head & Shoulders formation that has not yet started to build ...

4 Hour Strategy (MACD)

Double Top Completion — On Weekly chart, applying Fib. Extensions to the std. Bollinger Band pinch (downwards) we see a 162% level down around 1.4400 and the 89 sma is moving up to that area. On 30 minute chart the std. Bollinger Band is also ...

4 Hour Strategy (MACD)

An entry short at 1.4751 with a close of trade at 1.4734 is a 17 pip move, not 42 pips. I am not saying it is a bad/small move, but it is not 42 pips. Counting pips made on a trade should be based on a per unit (mini-lot, lot, etc.) and hence this ...

4 Hour Strategy (MACD)

Double Top Completion — 1.4760s area has held as resistance (session high) withstanding multiple hits. 1.4730 is the recent significant low. So I am thinking if this breaks below 1.4730 it will signal a short entry for a trade down to the low ...

4 Hour Strategy (MACD)

Double Top Completion — So far this session, it has been traded up to a high of 1.4765, which is 105 pips from the previous session low. This would make possible a nice 100+ pip run back down without having to strike new lows....which may be ...

4 Hour Strategy (MACD)

Double Top Completion — The Double Top has completed the run down (height of tops from base, subtracted from base). However, applying fibonacci extensions to a Bollinger Band squeeze (I am using a 10 length with deviation of 1.5 inside the ...

4 Hour Strategy (MACD)

Double Top Completion — Target price of 1.4660 area has been reached (1.4663). Time to quite for the weekend.

4 Hour Strategy (MACD)

Double Top Completion — As previously posted, this formation could complete with a run down to the 1.4675 area. At this stage of the run I am thinking that a break below the 1.4750 area could result in about a 90 pip run down to the 1.4660 ...

4 Hour Strategy (MACD)

Double Top Completion — If the EuroDollar Double Top formation (see Daily & Weekly charts) completes, then we will be in the 1.4675 price area. The formation tends to complete with a drop equivalent to the difference between the base and the ...

4 Hour Strategy (MACD)

I believe this equates to 2am EST, 6am EST, and 10am EST, while USA is on DST.

4 Hour Strategy (MACD)

Volume in Forex — And yet another statement I read said that in the forex market the volume indicator is a measure of ticks, or trades, and not the actual money volume behind the lots/minis/micros being traded, nor the number of these units ...

4 Hour Strategy (MACD)

MT4 Server Times..... — It would be nice if we could get a list of brokers/urls with different MT4 server times, and maybe highlighted at to which one(s) work best with this method. Thanks.

4 Hour Strategy (MACD)

Metatrader4 Server at EST? — Does anyone know of a reputable broker offering MT4 free demo download and their MT4 is based on EST? If so, would you please post their name/url? Thank you.

4 Hour Strategy (MACD)

The TRIX Study — The TRIX study is like a Stochastics study on steroids. The Stochastics study is very quick to respond to changes in price direction. The problem with it is that it responds to every slight change, creating a lot of “noise” ...

4 Hour Strategy (MACD)

Display Important Time Zones and ATR Information — Attached are two mt4 indicators previously posted (here or elsewhere?) and related to recent discussions. One: Clock Convertor Indicator. This puts the time on your chart for Tokyo, your ...

4 Hour Strategy (MACD)

Whatever problems exist with v104 will carry over to v105 which basically added to v104. It could be the macd histogram labels that are part of the problem. I really do not know. I had a hard enough time just going back thru the older versions ...

4 Hour Strategy (MACD)

MACD Concerns — This post concerns the indicator MACD_Colored_v104, which is a work of art in progress in my opinion. Thanks to the originator and contributor(s), its features are laudable. Some refinement along the way would make this ...

4 Hour Strategy (MACD)

MACD Concerns — Subsequent to posting “MACD_Colored_v104.mq4” someone suggested that the MACD levels still did not work well with forex pairs other than EUR/USD. I believe the person was requesting that anyone capable of code writing make a ...

4 Hour Strategy (MACD)