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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
DislikedHi to all, just listened Philip mp3 file of the weekly wrapup, but i need to ask a few questions...
EU seemed pretty well to me and my charting in FXDD, actually too good, that i decided to do a bit of "polished" charting to let you all know what trade i would have taken!
Hope you like the effort i've put into this, and i hope you overcome that this is one of my
first posts
Happy trading!
--------------------------First Page, 4h View
--------------------------Page Two:
1st Trade:
In 4h we have a TC signal, in 1h we have an end shoulder, close to perfect round top forming, and a risk reward that could be very profitable, i'm taking the odds there.
We don't actually have trendline "a", but there is 89SMA, that could very well be considered resistance.
Sell @ 1.4517
SL @ SL 1 Line, 40 pips
First Takeprofit: Bright Green line +90 pips (actually was 100 but lowered by 10 because it supposedly could came down the next tick)
Second Takeprofit: Dark Green line, 215 pips (i think if the TP is so high, price would touch it a little far from now, so the trendline "b" would be much lower than this initial takeprofit, and that price of 215 could become a little less than total move, if you need clarification on that due to my bad engligh, i'll promptly answer).
total of 305/2 = 152.5 pips that with a total of 40 stoploss @ 3% makes this trade a 1/3.81
Risk/Reward trade banking 11,43%
--------------------------Page Three:
2nd Trade:
4h isn't getting the signal right there, but one tick before we are closing to zero, there
is a gapup and we are approaching the trendline "a" which now can be drawed.
if we go to 1h we also see that 89SMA is also there, and a red signal is already there.
Fore entry we could go to smaller timeframes, but this trade is also a very big risk reward, i'll do it that way, but with plenty of time i would have considered other variables.
Assuming to have bought that at the lowest lof of those small candles that forms an extended evening star, the SL price at line SL 2 would have been of 50 pips
First Takeprofit: Bright Green line, 125 pips
Second Takeprofit: Dark Green, 240 pips
total of 365/2 = 182.5 pips totaling with a 50 stoploss @ 3% makes this trade a 1/3.65
Risk/Reward trade banking 10,35%
--------------------------Page Four:
3rd Trade:
4h Gave a CT signal, coming to 1h seems that price has broken down the "b" trendline, then up, then down, then up again (damn i am starting to talk like Phillip...).
that seems like a sHs signal, i decide to take the odds on.
Plus, there is Divergence...
buy at 1.4093 (the arrow marked candle close)
SL at -35 pips,
First Takeprofit at Bright Green line +70 pips, the TP line is a line that passes from two highs in the past 2 days or so, chart it and see it, it might be a resistance point, and afterall this is a countertrend trade...
Second Takeprofit is the dark green line. since i couldn't find any recent s/r line, i've made it 100 pips from the first TP line, remember the countertrade thing.
total of 70 pips for the first TP then for the other half it really depends on what your second trade strategy is...
tell me what you would have done here and what should have happened.
but assuming you were using Trailingstop only on countertrend trades, here you should still have banked another 20/30 pips on half lot (even with exagerately big 70 pips Trailingstop), as the price goes higher the first tp and then retraces back.
total of 90/2 = 45 pips totaling with a 35 stoploss @ 3% makes this trade a 1/1.5
Risk/Reward trade banking 4,5%
--------------------------Page Five:
4th Trade:
4h Gave a TC signal, 1h confirms it, but the price was just too uncertain at what to do at trendline "c", plus, for the first profit target i wuold have used the new blue trendline i've drawn, and the SL was just too big (close to 50/55) for the reward to be tempting.
this is a no go.
--------------------------Page Six:
5th Trade:
4h gave signal, if watching the 1h one could have entered at the red vertival bar and bank some pips, but i wouldn't, we have passed 89sma, a retracement seeking for future resistance could mess all up.
--------------------------Page Seven:
a more aggressive approach in 30 mins. for the 5th trade
the trend has lost it's power, it retest the 89sma, then goes straight down.
i know, the price broke the downmost blue trendline before, but at the close of that bar the price was still in the middle, with a long shadow... wasn't the right time there.
i suppose aggressive entry could be made at 17:00 candle 30 mins timeframe on 09/10 when a perfect TC also formed on MACD.
--------------------------Page Eight:
6th Trade:
4h gave signal, the price was coming down to the bottom purple trendline, possible support could be found.
on the 1h and 4h SL was too big here, but if you go down to aggressive mode ON
--------------------------Page Nine:
on 30Min it gives a nice RB signal, SL at 25 pips, 1st TP at 50 pips from the blue trendline drawn on the Image, 2nd tp never touched, and the second trade could very well be cut down with trailingstop
could be a 35 pips trade, over 1:1 R:R though!
That's all! could some1 comment on that? i understand it's a lot of reading, but...
and thank y Phillip, you introduced me at Price Action with a bit of advantage, the MACD...
Happy Trading!
jjIgnored
DislikedThese posts are gold.
I used the breakout strategy on the Pound yesterday, and made 190 pips!
This was a trade learned from listening to Phillip's MP3s.Ignored
DislikedMany thanks for sharing your system, I have joined your thread early this year but did not start to learn about it until now. I am attempting to get all your recommended posts to learn the system, however I am unable to open the attachments with .mq4 could you lead me to a program that does it please. All the .zip attachments are OK.Ignored
DislikedHi to all, just listened Philip mp3 file of the weekly wrapup, but i need to ask a few questions...
EU seemed pretty well to me and my charting in FXDD, actually too good, that i decided to do a bit of "polished" charting to let you all know what trade i would have taken!
Hope you like the effort i've put into this, and i hope you overcome that this is one of my
first posts
Happy trading!
--------------------------First Page, 4h View
--------------------------Page Two:
1st Trade:
In 4h we have a TC signal, in 1h we have an end shoulder, close to perfect round top forming, and a risk reward that could be very profitable, i'm taking the odds there.
We don't actually have trendline "a", but there is 89SMA, that could very well be considered resistance.
Sell @ 1.4517
SL @ SL 1 Line, 40 pips
First Takeprofit: Bright Green line +90 pips (actually was 100 but lowered by 10 because it supposedly could came down the next tick)
Second Takeprofit: Dark Green line, 215 pips (i think if the TP is so high, price would touch it a little far from now, so the trendline "b" would be much lower than this initial takeprofit, and that price of 215 could become a little less than total move, if you need clarification on that due to my bad engligh, i'll promptly answer).
total of 305/2 = 152.5 pips that with a total of 40 stoploss @ 3% makes this trade a 1/3.81
Risk/Reward trade banking 11,43%
--------------------------Page Three:
2nd Trade:
4h isn't getting the signal right there, but one tick before we are closing to zero, there
is a gapup and we are approaching the trendline "a" which now can be drawed.
if we go to 1h we also see that 89SMA is also there, and a red signal is already there.
Fore entry we could go to smaller timeframes, but this trade is also a very big risk reward, i'll do it that way, but with plenty of time i would have considered other variables.
Assuming to have bought that at the lowest lof of those small candles that forms an extended evening star, the SL price at line SL 2 would have been of 50 pips
First Takeprofit: Bright Green line, 125 pips
Second Takeprofit: Dark Green, 240 pips
total of 365/2 = 182.5 pips totaling with a 50 stoploss @ 3% makes this trade a 1/3.65
Risk/Reward trade banking 10,35%
--------------------------Page Four:
3rd Trade:
4h Gave a CT signal, coming to 1h seems that price has broken down the "b" trendline, then up, then down, then up again (damn i am starting to talk like Phillip...).
that seems like a sHs signal, i decide to take the odds on.
Plus, there is Divergence...
buy at 1.4093 (the arrow marked candle close)
SL at -35 pips,
First Takeprofit at Bright Green line +70 pips, the TP line is a line that passes from two highs in the past 2 days or so, chart it and see it, it might be a resistance point, and afterall this is a countertrend trade...
Second Takeprofit is the dark green line. since i couldn't find any recent s/r line, i've made it 100 pips from the first TP line, remember the countertrade thing.
total of 70 pips for the first TP then for the other half it really depends on what your second trade strategy is...
tell me what you would have done here and what should have happened.
but assuming you were using Trailingstop only on countertrend trades, here you should still have banked another 20/30 pips on half lot (even with exagerately big 70 pips Trailingstop), as the price goes higher the first tp and then retraces back.
total of 90/2 = 45 pips totaling with a 35 stoploss @ 3% makes this trade a 1/1.5
Risk/Reward trade banking 4,5%
--------------------------Page Five:
4th Trade:
4h Gave a TC signal, 1h confirms it, but the price was just too uncertain at what to do at trendline "c", plus, for the first profit target i wuold have used the new blue trendline i've drawn, and the SL was just too big (close to 50/55) for the reward to be tempting.
this is a no go.
--------------------------Page Six:
5th Trade:
4h gave signal, if watching the 1h one could have entered at the red vertival bar and bank some pips, but i wouldn't, we have passed 89sma, a retracement seeking for future resistance could mess all up.
--------------------------Page Seven:
a more aggressive approach in 30 mins. for the 5th trade
the trend has lost it's power, it retest the 89sma, then goes straight down.
i know, the price broke the downmost blue trendline before, but at the close of that bar the price was still in the middle, with a long shadow... wasn't the right time there.
i suppose aggressive entry could be made at 17:00 candle 30 mins timeframe on 09/10 when a perfect TC also formed on MACD.
--------------------------Page Eight:
6th Trade:
4h gave signal, the price was coming down to the bottom purple trendline, possible support could be found.
on the 1h and 4h SL was too big here, but if you go down to aggressive mode ON
--------------------------Page Nine:
on 30Min it gives a nice RB signal, SL at 25 pips, 1st TP at 50 pips from the blue trendline drawn on the Image, 2nd tp never touched, and the second trade could very well be cut down with trailingstop
could be a 35 pips trade, over 1:1 R:R though!
That's all! could some1 comment on that? i understand it's a lot of reading, but...
and thank y Phillip, you introduced me at Price Action with a bit of advantage, the MACD...
Happy Trading!
jjIgnored
DislikedNicely done! I have a question though. In trade 1, 2 and 5, the MACD TC on the 4 hour chart couldnt actually accure before the close of the 4 hour candle. As we all know, price can turnaround in any minute and change the MACD pattern. On the 1 hour chart you entered on the first hour of the 4 hour candle. Just keep in mind that you cant backtest and then treat the MACD patterns as it is shown on the chart, not if youre using the 1 hour chart to enter. Then you have to start looking at the 1 hour chart after that 4 hour candle close, not when it opens (because that TC pattern you se when you backtest wont be there before 4 hour candle close).
If you would enter in the first hour of the 4 hour candle, without the TC pattern then wouldnt it be more of a random trade? You know "1 hour shows nice MACD pattern and I THINK the 4 hour will develope a TC pattern"
This is not to critisise you, i really like the effort you put into that report and i hope to see more of it on this thread.Ignored
DislikedHi Phillip, it's so good to see your thread alive and kicking. Keep up excellent work FF's #1 !!!!Ignored
DislikedNicely done! I have a question though. In trade 1, 2 and 5, the MACD TC on the 4 hour chart couldnt actually accure before the close of the 4 hour candle. As we all know, price can turnaround in any minute and change the MACD pattern. On the 1 hour chart you entered on the first hour of the 4 hour candle. Just keep in mind that you cant backtest and then treat the MACD patterns as it is shown on the chart, not if youre using the 1 hour chart to enter. Then you have to start looking at the 1 hour chart after that 4 hour candle close, not when it opens (because that TC pattern you se when you backtest wont be there before 4 hour candle close).
If you would enter in the first hour of the 4 hour candle, without the TC pattern then wouldnt it be more of a random trade? You know "1 hour shows nice MACD pattern and I THINK the 4 hour will develope a TC pattern"
This is not to critisise you, i really like the effort you put into that report and i hope to see more of it on this thread.Ignored
DislikedWhat you said is all true therefore an understanding as to when does the 1H shows that it is really going to support a 4H TC signal that is only going to occur later on is the key to an early entry. I therefore will wait for the 4H pricecandle to close at or near to the 21ema when there is a definite trend in place and then watch the first hour of the next 4H candle of the 1H timeframe to give a TC as well and that will be my confirmation as to a high probability trade. The amount of deals would be much less with this filtering but the strikerate much higher.
There is also the factor of experience that when a certian price movement and candle formation has formed the chances are very good that it will go and to wait for the 4H candle to close and maybe it might be to big to enter(especially when a strong trend is in place) then the 1H early entry is a good way to get in with stoplosses sometimes half that of the 4H making 2 losses the same amount of pips then one 4H loss. It all boils down to good management and to know when it was a wrong decision and to get out.Ignored
DislikedWow...we've got J. Jameson in this thread...Hey, uh...whatcha doin' tomorrow night???Ignored