Hi Yvon, If you check some of my earlier posts to Binnie and Nic I explained to them how I personally filter those trades to stop myself entering too early. That trade happened to me SO many times until I started looking closer at the pullback to ...

4 Hour Strategy (MACD)

Sorry I meant in this situation is NOT risky this time because as you say we have confirmation in the 4h chart is likely to go down as it has pulled back to the 21ema But what I meant was if you looked at the 30 min chart without looking at the 4h ...

4 Hour Strategy (MACD)

Did you catch the Aus/Nzd trade Binnie?

4 Hour Strategy (MACD)

No problem Nic I hope it helps you to time you entries better like it does with me. You should see it pop up more and more The Gbp/Usd is a good one for why the market rhythm is important. If you look at the 30 min chart the break above the ...

4 Hour Strategy (MACD)

Hi Binnie, Nailed it as well bud I don't usually look at the Eur/Chf as they tend to trade together so it can get a bit choppy I have broken down what I think will happen for you below on the 4h and 30 mins and got pretty much the same ...

4 Hour Strategy (MACD)

Awesome Nic You got it buddy. And when the 4h pulls back to the 89/200 you are looking at a pullback to the 21ema in the daily, and so on. Sometimes wave a will pullback nearly all the way to the 21ema in the 4h (89/200 in 1h/30min), ...

4 Hour Strategy (MACD)

Hi LaGrange, Don't forget it is important to always look at the longer term picture. When the price is trading above the 21ema that simply suggests it is in an up trend. But the uptrend can be a minor correction on a bigger chart, so you think you ...

4 Hour Strategy (MACD)

Hi Binnie, This is how I have the Aus/NZD pair. As you can see it would suggest any move down could be short lived. Possibly only to the 50% retrace of that small move up. You can see a large candle on e (of a/b/c/d/e set up)which is where big boys ...

4 Hour Strategy (MACD)

Superb trade buddy

4 Hour Strategy (MACD)

Hi Yvon, Where was your entry on the Gbp/Usd? I couldn't find an entry was just too quick for me! I think there will probs be some retracement tomorrow as the big players cash in some end of the week profits on that move. Might be monday before ...

4 Hour Strategy (MACD)

Which is simply a break of 21ema, pullback, move down in the 4h chart. Just so you can see (most of you would know this already) it is as per 4h rules even though it's a 30min chart

4 Hour Strategy (MACD)

Hi Bmgsoares, Nice to see you taking some money off the market - Those trades were far too risky for me to get involved with, until at least after the news, the USD/Chf does look set for a pullback as you said. That's where I will be looking to ...

4 Hour Strategy (MACD)

Hi Binnie, I would say the Euro and Nzd are a gamble at the moment because they are set where there could pullback to the 89sma or head down from the 21 as they haven't crossed it yet. I would probably favour a long position here back to the 89 sma ...

4 Hour Strategy (MACD)

Could be another chance to enter the NZD/USD? Looks like right shoulder forming in 1h chart and it also has broken trend line and resistance. Don't think much will happen until monday so could mean holding over the weekend which isn't favoured by ...

4 Hour Strategy (MACD)

Hi Nic, Sorry I will try to explain a bit better This is simply how I look for an entry when the price pulls back to the 21ema in the 4h chart. As per rules, price pulls back to 21ema in 4 hour chart and gives signal to either buy or sell as it ...

4 Hour Strategy (MACD)

So I have kiwi 1h looking like this Nic, hopes this makes more sense.

4 Hour Strategy (MACD)

Hi Nic, Not quite, the A wave you have drawn is WITH the trend, the B wave you did is AGAINST the trend, that is the retracement wave and the one which you can zoom down onto a lower chart to see if it is breaking into 3 waves back towards the 21 ...

4 Hour Strategy (MACD)

Hi Nic, Wave is drawn from the initial turn around. You can see the pattern seems to be repeating here in the cad/jpy, in the 4h it looks like 1 wave but zoom to the 30 min and you can see it playing out in 3 waves. I will be looking for it to now ...

4 Hour Strategy (MACD)

Hi Nic, Essentially retracement waves, moves back towards the 21ema, should happen in three waves which make up the overall retracement. When I zoomed down into the 1h I could see that the had only been one wave which had gone up to the 21 ema ...

4 Hour Strategy (MACD)

Hi Binnie, Burnt by that trade enough times to recognize it now! It helps me to always check the wave counts I find it keep me out of certain trades using this system and acts as a good filter. Drilling down to the 15 mins it seems to be forming a ...

4 Hour Strategy (MACD)