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4 Hour Strategy Macd+other Indicator 21 replies

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4 Hour Strategy (MACD)

Quoting saka
Dear henry,

After reading some of your posts, I find that you have a typical mistake that a newbie often makes when learning this strategy. This is the concern on divergency and doing CT trades!

Remember, not only traditional strategy but also Phillip's encourage people to catch the trend, not counter it! Newbies are trading divergency but seasoned traders are finding prices' stalling to catch the trend and cut their position when divergency is coming.

The advantage of Phillip's 4h MACD Strategy is its MAs pattern and a more sensitive...

Nice insight Saka... Thank you for sharing your thoughts. I'll try to catch the trend in my next trade...
midssed to short audusd at candle close, so I place short order

@0,8693, r=50, tp=1,5r

will cancel order if price reaches r=0,5r

edit:

order triggered, it's on

edit:
0,5r reached, 1/4 tp taken, sl set to be

edit:
sl be hit
Attached Image (click to enlarge)
Click to Enlarge Name: aud 4h 19.7.10.gif Size: 13 KB
Quoting ashes
midssed to short audusd at candle close, so I place short order

@0,8693, r=50, tp=1,5r

will cancel order if price reaches r=0,5r

Hi Ashes,

I am in that trade too. Aiming for .8500 level.
Quoting xeneric
Hi Ashes,

I am in that trade too. Aiming for .8500 level.
Good luck, Xeneric.
my order has not yet gotten triggered, but I might enter on 1h tf soon.
http://jpegshare.net/thumbs/2f/e6/2f...5677d4a094.jpg
EUR/USD sell at 1.2944 on the close of candle S/L 2984 T/P2904.
MACD shows perfect sHs
Quoting zizy
EUR/USD sell at 1.2944 on the close of candle S/L 2984 T/P2904.
MACD shows perfect sHs
Latest update. MACD sHs not failed after TC pattern formed. But EURUSD reversed again with shooting star in the making.....

Is this system still working? Or did I miss something else? Should I wait for EURUSD to enter the 21ma and 8ma zone before taking any TC signals?
shorting usdjpy @86,86, r=40

edit:
trade didn't perform well
closed manually be
Attached Image (click to enlarge)
Click to Enlarge Name: uj 4h 20.7.10.gif Size: 14 KB
shorting gu @1,5231, r=85

bounce off 21ema

edit:
1/4 tp @0,5r, sl to be

edit:
sl be hit
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h 20.7.10.gif Size: 13 KB
long usdcad @1,0525, r=55

bounce off 21/89

edit:
missed 0,5r for 2pips, trade set be

edit:
news have killed the trade, sl be hit

now price moves up again ...
Attached Image (click to enlarge)
Click to Enlarge Name: cad 4h 20.7.10.gif Size: 14 KB
Quoting ashes
shorting usdjpy @86,86, r=40
Hi Ashes,

I noticed you are ignoring MACD. Is Phillip strategy working without MACD in trendless market?
Quoting silverfox88
Hi Ashes,

I noticed you are ignoring MACD. Is Phillip strategy working without MACD in trendless market?
the way I understand Philips strategy, it is not macd based, but works with the pricerhythm around the moving averages. macd is just a confirmation which sometimes lags.
Quoting ashes
the way I understand Philips strategy, it is not macd based, but works with the pricerhythm around the moving averages. macd is just a confirmation which sometimes lags.
Nice trade ashes...
People expecting CAD to raise its interest rates that's why I pass this time...
Hope that you manage pocketing some pips ashes...
Quoting hammerhead
People expecting CAD to raise its interest rates that's why I pass this time...
Hope that you manage pocketing some pips ashes...
well, I took 1/4 tp at 0,5r ... but then instead of a linear rise the news started confusion to trigger sl be
Quoting wuming79
Latest update. MACD sHs not failed after TC pattern formed. But EURUSD reversed again with shooting star in the making.....

Is this system still working? Or did I miss something else? Should I wait for EURUSD to enter the 21ma and 8ma zone before taking any TC signals?
price was near level 1.3000, previous candles found resistance at this level, for this reason I did not take the TC and keep waiting a formation of sHs.
nice macd double bottom
quick 35pips
half closed & stop on BE
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
my chart look like this, MACD - higher low

already have earned 54 pts
Attached Image (click to enlarge)
Click to Enlarge Name: 321.gif Size: 35 KB
nice trade zizy
ascending divergence and nice hammer overconfirm the higher low !
Quoting ashes
the way I understand Philips strategy, it is not macd based, but works with the pricerhythm around the moving averages. macd is just a confirmation which sometimes lags.
Thanks for the input Ashes. Wish you a profitable weeks ahead !
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