Keep taking CT trades, I need more money ![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedTrue, but I like having everything I can stacked in my favor to take a tradeIgnored
DislikedRyanmcd,
I like your 'conservative approach'. I'm in the process of 1. learning this system and 2. compiling my own 'rules'.
I've made it through page 90 so far with about 600 pages to go (slow but sure progress).
Do you mind sharing any other, what you might call obvious rules like the one discussed above (8 over 21 for long position)?
I too prefer the 'A trade' only line of thinking, but not sure what else constitutes an A trade.
Thanks again in advance for your time.
TNFPosterboyIgnored
DislikedHi people, ok I have been going through the lessons and there is something I really can't wrap my head around and was wondering if the pro's in here could shed some light :-)
How do you decide between a TC and a LH or HL. Because it looks to me like the LH and HL's could initially be perceived as being TC's.
So you may enter on what you think is a TC but then one or two bars later you may get a HL or LH signal. So in that case do you stop and reverse? or what?
I know market rythm has to be taken into account but generally what do you do in this situation?Ignored
DislikedOn all these trade I do not use trend lines, fib's, or black magic I look at the chart and take the trade. I am not sure if I see them without drawing or not but I can eyeball it pretty well and know what is going to happen. Prob from reading that 13 years of 3min charts LOL. Have a good one everybody, and remember the market is not hard YOU make it that way.Ignored
DislikedRyanmcd,
Excellent insight. Thanks for the reply. Do you think it is advantageous to print and study any timeframes lower than the 4 hour? I have absolutely no problem doing the work, I just want to make sure that the work I'm doing is beneficial.
Thanks again for your input.
TNFPosterboyIgnored
DislikedHello. I see that you trade Phillip's 5 minute system as well.Ryan is right. Please do not try to use 5 minute to enter a 4 hour trade. this will not only kill your account but also confuse other members of the forum who are relatively new to this system. 5 minute has nothing to do wiht 4 hour. Phillip has shown us how to use 1 hour for early entry or at the most 30 minutes for a break out / retrace entry. it is all in the forum. Not trying to critisize you but help you. Good luck.
NadiaIgnored
DislikedRyan,
I have to ask if why you did not take the USDJPY short on 1/4/2008 12:00 (+2 GMT).
Was it due to the Non-Farm news? Was there something setting up there you did not like? Did you take it, and you are still holding?Ignored
DislikedI know some people trade USD/CAD using this method so I'll post this. I just got burned taking TC trade on this pair. Not sure why there was this huge spike up after the bad US news today but it went wayyyy past my stop. Anyone else take this trade?Ignored
DislikedI was still in the shorts, I try to hold a trade as long as I can not just 2-4hrs.Ignored
DislikedHi people, ok I have been going through the lessons and there is something I really can't wrap my head around and was wondering if the pro's in here could shed some light :-)
How do you decide between a TC and a LH or HL. Because it looks to me like the LH and HL's could initially be perceived as being TC's.
So you may enter on what you think is a TC but then one or two bars later you may get a HL or LH signal. So in that case do you stop and reverse? or what?
I know market rythm has to be taken into account but generally what do you do in this situation?Ignored
Disliked
On another note....in regard to entering the market after looking at the 5 minute.....I personally have done that.....Me Too! There are certain times that a smaller timeframe allows you to enter an established trend at a favorable price w/a small stop. It also can be useful on some very volatile pairs -- As w/each of our unique "short-cuts" we need to practice them and make sure we are able to decide when to pull that "tool" out of our "trading tool box." The 5 min. chart can be very dangerous for those of us who lack patience and discipline to wait for the perfect set-up
but remember the 4hr is king....
It has been mentioned over and over on this thread for almost a year that the usdcad does not work well with this system......the stops have to be large....and the moves are erratic......hence the name "LOONIE"....
Also, for some of us, the commodity currencies present a challenge in themselves. They have trended very nicely for a long time -- but is that climate changing? This year should be very interesting -- and it may drive me "Loonie." (and I'm not refering to the bird on the CAD coin!)
This coming week should be a breeze compared to what we have weathered in the last three weeks with Christmas, New Years , and Nfp..... and a thin market yet some on this thread still made money. Listen to them.
We have Pending Home Sales Tuesday, and Unemployment Claims Thursday effecting Usd...But we should be used to a few bumps in the road by now.....
Often times, I have found the news to present good opportunities to enter the established trend. Example, Dollar seems to be gaining strength temporarily (evidenced in NFP rxn?) so, the spikes upward in G/U have presented nice selling opportunities per my trade plan. Will wait to see what happens next week, as I expect the funds to start re-positioning soon (they have to reinvest their profit taking from December...hmmm...wonder where they will put it?? January is typically good for the dollar and US stock market...wonder again if that will prove true...just some thoughts to chew on while getting back into the groove).
Good weekend to all......There is no substitute for studying the charts. Weekends are a good time to reflect on them.....but dont ignore other priorities in your life..... learning to trade can be consuming. Enjoy the family get outside....catch up on sleep or whatever other thing you have been letting take second place. You know what it is....The market will still be here your 16 year old child will not....Golly, You are a wise man!!! This advice is priceless and sooooooooo true! Honestly, I get out of harmony through the year, and trading sometimes consumes me....Then I get a bit grouchy....YIKES!
Well thats my 2 pips worth....I hope i havent wasted your time.....Are you kidding? My goodness...Your post is worth way more than 2 pips and (they) are NEVER a waste of time!! As my stuck in the 80's vocab goes....YOU ROCK!!! (LOL!)
But what do i know, Im just a carpenter....OK -- No offense meant to those who think I'm being disrespectful to a higher being (skip this part now if I have any possibility of offending and accept my sincere appologies in advance).....Hmmmm....seems to me I recall another humble carpenter who did amazing things and bettered humanity....
............ pipip...JimdandyIgnored
DislikedAssuming the market is trending up at a fast pace (along the 8ema) or even lessor so at a moderate pace (above the 21) then odds are greater that a TC will occur rather than a LH. Like wise in a down trend a TC over a HL. This is what RyanMcD means "to stack the deck". TC's in a trending market are the "no brainers". Obviously markets will change direction and an anticipated TC will turn into a HL or LH, but that's when stops, R:R, and trade management enter into play. If you're up 20-30 pips take some profit and set rest at BE. Then you lock in some gains, and can benefit from the TC. Alternatively, if it doesn't develop you may still even make a couple pips. Worst case, trade is a total loss, but within your rules at an acceptable R:R and an acceptable % of your account..
I hope this helps.
EricIgnored
DislikedHi Palmer!
I'm looking forward to checking out "Blade Runner" -- and I promise to click on many ads
Hope your brain is decompressed and no longer soggy...Yikes!
Glad you had a safe holiday and that Johnny W. didn't knock you for a loop on 12-31
PipsIgnored
DislikedAnyone use the Strategy Tester vHandsTrade found in the Help Topics under MQL4.community? (I'm using Interbank FX demo) I'm trying to study the 4H charts and I'm finding this tool useful, but I've also heard concerns about the data being correct.
Any input is welcome.
Testing Visualization: Manual Trading
TNFPosterboyIgnored