Three Simple FX Trading Strategies - Page 2 - DailyFX Forex Forum

Thomas Long · #16 (**permalink**) 09-22-2009, 10:40 AM

Quote:

Originally Posted by mika79

Hi, I have just started trading forex with fxcm. Your strategy is very useful but I have some questions here.

For the 2-hour MACD strategy, I have found that for charts with shorter time frame (e.g. 5 minutes), it showed that the trend is going up whereby for the 2-hour chart, it shows that it is going down. Does it means that in the short term the price will go up whereby in the long term it will go down?

Thank you.

It may...but I hesitate to even call a move on charts shorter than the hourly trends. They often end soon after they start with little time to react. But any time you look at two time frame charts, you have the possibility of seeing them move in opposite directions. You are just seeing a small move against the trend on the longer term chart up close on the shorter term chart. That is why we recommend trading on the shorter term chart in the direction of the trend on a longer term chart.

SVahora · #17 (**permalink**) 09-23-2009, 01:46 AM

I cant seem to get my macd to look like yours, mine is only one sided and does not go negative, and there is only 1 line, i believe its the signal line. How do I get it to look like the one in the video?

sed34 · #18 (**permalink**) 10-01-2009, 04:55 PM

what is the stop loss on the inside day candle strategy?

thanks

sed34 · #19 (**permalink**) 10-09-2009, 01:15 AM

can someone answer this please

Thomas Long · #20 (**permalink**) 10-09-2009, 07:25 AM

Quote:

Originally Posted by sed34

can someone answer this please

The stop should be placed above the high of the candle before the inside candle if selling or below the low of the candle before the inside candle if buying.

Thomas Long · #21 (**permalink**) 10-09-2009, 07:26 AM

Quote:

Originally Posted by SVahora

I cant seem to get my macd to look like yours, mine is only one sided and does not go negative, and there is only 1 line, i believe its the signal line. How do I get it to look like the one in the video?

That would depend on what charting package you are using. Most would have two lines and a histogram as part of the default setting.

sed34 · #22 (**permalink**) 10-09-2009, 12:05 PM

Quote:

Originally Posted by Thomas Long

The stop should be placed above the high of the candle before the inside candle if selling or below the low of the candle before the inside candle if buying.

thank you.

mika79 · #23 (**permalink**) 10-23-2009, 12:02 PM

Hi, I have this 2-hr chart with MACD, stochastic slow and SMA settings as per stated in the webinar.

Above is the 2-hr chart for EURGBP. From what I see, the current strategy is to go into a SHORT trade. But after 1hr of entering the trade, it went upwards instead of downwards. It was a 36 pips loss but I did not close the trade with the thought that it could be a downtrend.

Should we be looking at a shorter time frame chart in conjunction with the 2 hr chart to decide when to enter the trade?

Please advice.

Thank you

rnfx · #24 (**permalink**) 10-24-2009, 01:38 AM

Personally, I don't just use MAs and candle sticks to enter the trade. According to this strategy, you entered too soon. Needs to have more confirmation such like MACD must cross below zero and Stochastics cross down below 80. It is better to use smaller time-frames to get early signals and save some pips. Good luck to all.

Thomas Long · #25 (**permalink**) 11-18-2009, 09:13 AM

Quote:

Originally Posted by mika79

Hi, I have this 2-hr chart with MACD, stochastic slow and SMA settings as per stated in the webinar.

Above is the 2-hr chart for EURGBP. From what I see, the current strategy is to go into a SHORT trade. But after 1hr of entering the trade, it went upwards instead of downwards. It was a 36 pips loss but I did not close the trade with the thought that it could be a downtrend.

Should we be looking at a shorter time frame chart in conjunction with the 2 hr chart to decide when to enter the trade?

Please advice.

Thank you

It may have appeared to be a downtrend on the 2-hour chart, but the daily chart was still showing an uptrend. To increase our chance of success, we need to make sure we trade in the direction of the daily trend and use the intraday charts to pinpoint our entry and exit.

Aoladapo · #26 (**permalink**) 12-15-2009, 11:11 AM

I tried opening a 2 hour chart, but only coul see 60 mins no 120 mins, please help.

Thomas Long · #27 (**permalink**) 12-15-2009, 11:30 AM

Quote:

Originally Posted by Aoladapo

I tried opening a 2 hour chart, but only coul see 60 mins no 120 mins, please help.

The chart below shows how you can do that.

Aoladapo · #28 (**permalink**) 12-16-2009, 12:45 AM

thank you for your assistance

Thomas Long · #29 (**permalink**) 12-16-2009, 11:59 AM

Quote:

Originally Posted by Aoladapo

thank you for your assistance

You're welcome.

coolblue109 · #30 (**permalink**) 12-30-2009, 11:40 PM

I am new to froex and posting it first time, i do not know it is right place to post or not.
I have question regarding the roll over margins on Dec 30, 2009 around 5:00,pm rollover margin for AUD/USD was 21.61 under the B roll over postion, at that time intrest for the AUD was 3.75% and USD was .25% but on the same day around 11:00 pm all the figures in simple dealing rates window shows rollover margins for selling as well as buying was 00:00. and intrest rate was the same AUD 3.75 and USD .25% why it so? it may go up or down but why all are 0:00.
Please tell me the reason behind it. because when doing forex for long period for months or number of weeks it plays very important role for profit or loss.