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unlv_tj replied Dec 12, 2007My last trade was the EURUSD this morning (5 AM CST) when the MACD showed a Zero Cross, and I waited for a bounce off of the 21 EMA. I traded only 1/5 of the size I normally trade, due to uncertainity, yet a feeling it would once again return to the ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 11, 2007Hipster, good call on the G/U resistence. The 4 hour MACD shows it currently needs 63 pips to turn green and 2.0355. If your long holds, it would need to wait a for a few 4 hour bars of next to no movement for the MACD to show a positive bar in the ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 9, 2007I have to wonder if any of you are looking at the GBPUSD to go long early this week. Looks to be a lot of emotion building, hit a trend line I drew and has slowly come up since the low point last week. Also looks to be a pinbar on the daily last ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 9, 2007Tough call JimTatum. Ryan called the same short. Are you thinking short down to the 200 MA? I might sit this one out. I can't see a short yet, and I still think long is possible.
4 Hour Strategy (MACD)
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unlv_tj replied Dec 9, 2007Now after looking over the charts again... I am looking to possibly enter long trades on the EURUSD and the GBPUSD possibly early next week. Maybe on Monday morning. USDCHF I expect this pair to move down to the 21 EMA, where I also have a trend ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 8, 2007Some analysis (quickly on a Saturday evening): EURUSD: I agree that it looks like it is in a nice channel between the 89 and 200 MA on the 4 hour. We just got a MACD zero cross on Friday. With the Pin bar on the daily, the MACD on the 4 hour looking ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 8, 2007Very interesting scalping method off the 1M charts. Looks like your slow MA is 30, and you only trade when the 30 MA is at an angle sharper than 30 degrees. What is your fast MA? 5, 10?
4 Hour Strategy (MACD)
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unlv_tj replied Dec 7, 2007Great post Nadia!!! To lay it out there, and for Pips4 sake
I will let you know where I stand. I have read many, many books on trading. Anything I could get my hands on, I read. Forums, CNBC, etc., etc. etc. It is a lot of fun. I was pointed ...4 Hour Strategy (MACD)
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unlv_tj replied Dec 6, 2007Thank you for your words Pips4. They are not lost on me. I have done back testing, gone over the nice lessons more than a few times, and demo traded. I knew going live would be tough, but a step I had to make due to physcology reasons. I am learning ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 6, 2007I got stopped out on the GBPUSD last night as well. So far I am getting my ass kicked, no ifs, ands or buts about it. Not sure if anyone sees any trades or not, but right now I am too shaky to get into the market. I see a MACD signal on the EURUSD, ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 6, 2007Euro bank did not close. Anyone taking the EURUSD if it holds up on the MACD long signal?
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007Well, I took the MACD RB signal given on the GBPUSD at the 9 PM CST 4 hour bar. Risky with the news coming out of the bank tomorrow, but I will keep a close eye, and I only bought 5,000 units (.50 cents a pip) so my risk (stop loss) is less than 2%. ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 20071 hour until the next 4 hour bar GMT. Possible trades setting up... GBPUSD (8 pips in the positive for a Round Bottom) USDCAD (4 more pips needed for a TC) EURJPY (8 pips positve for a Zero Bounce) Anyone looking to take these if the bars hold true?
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007Anyone looking at the GBPJPY, or is everyone staying out due to the news tomorrow?
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007Ah, I thought the meeting was going to be today, so we would already see the results. I was wrong. In that case, I will stay clear of the GBPUSD until tomorrow.
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007Ryan, I am saving your posts back for advice. You have just shared some golden advice, that I can now see by trading with live money (that I did not grasp while paper trading). You once commented that you felt your advice was ignored, but not at ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007You are probably one of the most experienced traders on this forum. And I remember you saying you normally just stick to the 4 hour. Where I messed up on the USDJPY is I got in early, based on the 1 hour and I got up 10 pips, but I stayed greed. Had ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007I missed some easy trade last week, and made the newbie mistake of getting in before the 4 hour showed a TC. I got in at like 110.33 and set my stop loss at 109.90. I think it came all the way down to 109.66, and then showed a TC. I didn't take it ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007Another question as well. We seem to be in a lot of chop (though with the possible news out of the Great Britain bank, we may move into more trends soon). What do all of you experienced traders do in chop? Do you scalp the market for 5 pips here, 10 ...
4 Hour Strategy (MACD)
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unlv_tj replied Dec 5, 2007Ryan, I got killed trying to TC the USDJPY by jumping in too early (I learned my lesson, and luckily in a very cheap way). What made you decide to short the GBPUSD?
4 Hour Strategy (MACD)