4 Hour Strategy (MACD)

This will prob be my last post of the year. I just wanted to say it's nice to see people getting better and better and I will be here for the long haul. I do this stuff full time so if anyway I can help please let me know. Also this past few weeks have been harder then the past due to lack of trend. There was money to be made but if you did BE or lost a little read over it during the next few weeks and stick with it. 4 Months ago I never traded longer then 3-5min charts and now I am using this and doing very well. Phillip is better then any class, any system, or any book. I have spent well over 10k on books / classes / videos / systems and none of them work or they are short lived. Please if you want to trade full time and have the freedom of doing whatever you wish put in the time, print out charts and just spend time looking at things but DO NOT start changing things because a few trades did not work out. Again I wish everyone a great new year and good trading.

[quote=Delta;1770226]I've got 2 questions.

Some time ago we were talking about trailing stops. But when I open a trade and set trailing stop I don't see anywhere if this trailing stop is active.
Where I can check it?

Trailing stops are a broker dependent item. I trade in Oanda and they are not available. Phil posted a long explanation of there usage last week I believe. Maybe if you post your trading platform, someone can provide advice....

Second question abour taking partial TP. When I open position for example 1 lot and i would like to set partial TP I can only do it for 1 lot, so only 1 TP.
How do you do it? Do you open 2 trades to set 2 TP?

Yes, multiple entries is how you do this. Personally I typically enter in 3's. One at R:R around 1, the second for 2x the pips and the third w/o a TP....All positions for me have the same SL, then after 20 pips or TP1, I move the stops to the remaining to BE. Then at TP2, I lock in the third SL around TP1. These all vary with R/S, TL, MA's etc....

Hope this helps...

For those with difficulty understanding spoken English.

Thanks for giving me the spelling of that fruit, Phillip. You can also get false memories, and I think your description of eating maroela fruit has got me convinced that I never want to try it! I can feel myself shudder at the thought of it!

The best of holidays to everyone! There are so many wonderful people on this thread!

I have a thought about us developing a floating index of a sort that we could post on a certain day each week. It could have the locations of various important mp3's and written copies under subject headings, one hour trading, range trading, market emotions, who knows? It wouldn't matter that this would be a large post (I don't know how much room they allow for one post), but I would simply erase the old post and copy the information to the new one. The nice thing about this is that it would become more sophisticated over time because we could add to and revise the information as various people contributed things they thought should be included. Any thoughts and ideas on this would be appreciated. See what you've started, Delta?

[quote=EricthePip;1770264]
My trading platform is Meta Trader 4.

It not very comfortably to click 3 times to open a position. It would be better to open 1 position and set many TP to that position. Only a wish I think.

Great job OldDog. Many thanks for that translations. They're very useful.
When I was reading this thread I was dowloading all mp3's and translations to them. Some of them didn't have them so i posted them in this list.

So I understand that you want to open new thread where will be posted all important mp3's with translations?

I saw that someone made a www page http://www.fxtradeblog.com. There are some files but not everything.

I got up this morning, got my coffee, sat down at my platform and there it was. I got in a little late but caught a good 37 pips on 2 lots.
Entry 113.70 Closed both at 114.07 because I don't like open trades over the weekend, especially a holiday weekend. Also on the 1hr it looked like price was coming down.

Very Merry to all.

No, Delta, Palmer has done a wonderful job of collecting information on his tradeblog website. What I'm suggesting is to make a list, like you did, as to where to find various information on the thread and to give its page and post number the way you did it. We collect this information, organize it and put it on Phillip's thread. It will be updated each week, mostly by copying the old information from the old post to the new one, but we will be able to change and improve it as we see fit. That way, people will know where to look for the written copy or the mp3 that told about certain important information, simply by looking for the updated post at the beginning of each week. For that matter it wouldn't have to be weekly. The index could be reposted each day and the old one erased. There are two jobs involved in this matter. One is to think of important headings such as market rhythm, range bound trading, and the other is to put the location of important posts, mp3's, written copies under those headings. Is that clear?

Phillip Nel- Year-end Greetings
Right. We've come to the end of this year, so far. The festive season and the holidays are in front of us, and I want to make use of this opportunity and thank everybody for your involvement this past year. I never dreamed, when I started in January, that this was going to happen. I just thought I'm going to have a little thread there and share the strategy that I've discovered, and that was it. I never thought that it would go this way, in terms of participation, in terms of the amount of people, the amount of work that went into this, but I'm very grateful in the sense that it also helped me in my development in my skills, as far as this strategy is concerned, because you can't give answers if you don't know how it works. And it really helped me also to make sure that the things that I'm saying are not a lot of bull dust. And I thank you people for your questions, your answers to this thing, and I think we've really come to a stage where, when it comes to the strategy and the way it works, every aspect, almost, has been covered. From now on it's just a matter of using those methods, and, for the new people coming in, I just want to add this and say you have to work through the whole system. I know it's hard. It's not easy. It's easy to say afterwards, when you've already worked through it or you were part of the development of it. If you start now, 600 pages, it's a lot of work, but, again, I want to say for the new ones and the people coming in the next year, forex is hard work. It's not easy. It becomes easy when you are in it and you know what you're doing, in terms of your strategy and your system and your rules. If that is set up, then it's not that bad.
But, again, to all the people who participated, especially those who gave some answers, helping each other... I don't want to mention names because, then, I might leave someone out. The one person I really want to thank is Palmer for his website, the amount of work he has put in, especially, and, then, all these other people, especially those who gave the fundamental aspect of trading because I'm looking at the charts. The charts are telling me what the fundamentals are supposed to be (or what the people think they are). But thank you for those that gave the answers because I'm not really a "fundy" on that, and I'm glad to have someone like that on the thread, and that is Pips. I want to thank her personally also. And, then, those people who type the documents, there're a lot of them. Thank you very much. That was really an honor to be part of a system where people are helping each other like that.
Now, may the season, and especially the next year, be a very good year to you all, and may everything that you want to do the next year, may it be successful. I always say, may the good of this year, this past year, the very good that you've experienced this past year, may that become the bad of the next year. So, may the bad of your next year be equal to the good that you experience this year. Thank you very much to all the people, and especially to Forex Factory as well, giving us the opportunity to share this. And I don't regret, at any stage, that I've done it and I've put it on a forum, especially where people are helping one another. And I'm glad that I could help a lot of people.
I still see there are people who are still struggling a little bit, but I want to say, if you stick one year to this system, and you really practice... Especially practice your emotions because it's all emotions that keep us in the wrong trades or let us go into wrong trades. And another thing is don't try to make pips. Don't try to make money because, then, you're going to lose. You have to go into the deal and manage your losses. The system itself is good enough to produce pips. You have to manage your losses, and you have to keep them as low as possible. If you can have ten trades, and you have five wins and five losses and you can manage only two to breakeven of those five losses (so that two of them do not become losses, so then you have three losses and two breakevens), you will make money. The system will provide the rest. And don't always go for the big hits. The big hits come. When they are there, you take them.
So, yes, that's about what I wanted to say. And, once again, thanks to you all, and may the next year bring you happiness and good health, and may next year be even better than this year.

It's my first time to post here, though I have been with this thread for a couple of months now. I have learned so much from the thread and trade is getting much more easier for me now :-). Here is more than a forum thread. It is a family helping each other. Thank you.

Merry Christmas and Happy New Year!

Jeremy

Well done.
I entered at 113.55 and closed at 114.04, 49 pips gained. Happy holiday~~

For those with difficulty understanding spoken English. The chart is with the original post 9760, page 651.

Hey every one,

I just wanted to echo the thoughts of many that have posted in front of me, how thankful I am to have found this thread.

I have been attemting to trade the 4x for about 2 years now and like many have spent thousands of $$$$ on training. I was becoming more and more frustrated. I was to the point where I was about to throw in the towl. Then I stumbled on this thread and as I started to read it. It was like a breath of fresh air. Not only the system that put so many of the pieces in place for me but also the people. Every one is so willing to help "the little guy"

I just want to tell every one thanks for putting up with all the questions over and over again. Some day I hope I can give back the same way that so many of you have.

I have been trading the sytem now for three months. All Positive. That a first for me.(all positive months) I have had some difficulity in December but through it all I have managed a positive pips month. Not very much but still positve.

Thanks again

Jim Tatum

[quote=Delta;1770288]

What you need my friend is the tool for the job! Got to Palmers webpage at www.fxtradeblog.com and go to the "tools" section ....scroll down to the rapid fire scripts.......the tools for this very job......you put the script on the chart and it will enter three trades with three different take profit levels that you choose in the setup of the script.........all you have to do is put in your stops after you are in...the trade......if you want a trailing stop you can set it also to kick in when you get "in the money"....if you have trailing stop set you can tell in mt4 because the stop amount will have yellow background.......... so load up a script and try it out on demo until you get used to it...... As Philip said ..... may the best thing that happened to you this year be worse than anything in the coming year......Peace to all... Pipip.....JimDandy.

Happy Holidays to All and a Very Prosperous New Year

Waow guys, finally we come to the end of this year, what a prosperous year, and we're looking forward for the next one!!

Deeply, I feel gratitude, and welcomed by most of you guys, this thread has growing so much and has become a legacy now, something to pass on. You guys, (Phillip, et al) have showed us the meaning of giving back, and there will be one point in time where we are ready and do the same thing.

Thank you, and wishing you all a great Christmas and holiday, and happy new year!

Let's make next year another great year and another opportunity to give more.

God bless !!

[quote=JimDandy;1770609]
Thanks JimDandy for your post.
I'll download this script, but I can check it after the weekend.

In what days after the weeknd will forex be active?

I just want to thank you Phil, this thread is changing my equity line and my life (in positive!). Thank yuo to the whole "4 hour Strategy's Community".
Merry Christmas and a Happy New Year from Italy to everybody.
Giorgio

hi
well done to u and smnitor1.i enterd at 113.55 too after a good m1 traingle breakout but unfortunetly i close it soon about 12pips when i wanted to modify the position(set tp and sl) i choose close instead of modify and wait for comback again to 113.55 but it never did.
but that was not my first time,onec before i close a postion in loss when i wanted to modify.

many tanks for doing that

Hi All

Happy New Year

Is it H&S on GBP ? Any advice

thx