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4 Hour Strategy Macd+other Indicator 21 replies

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4 Hour Strategy (MACD)

Quoting Phillip Nel
What a week so far. I will post my results tomorrow about 19:00 GMT+2. Traded twice from top resistance somewhere around 1.17100-1.17200 levels and all my knowledge and patience was tested. I was anticipated todays move through the upper resistance but guess what. I shorted it at the top resistance again. I missed the move away from the 21ema 6h-10h because we were in town doing some shopping for the long weekend. That was the second time this week I had to struggle to get out of a trade that went against me. But so far for the week with 2 big wrong...
Don't u use stop loss for the short trade as it was a counter trend trade according to the strategy?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Example of counter trend trade to 10ma. Must move to breakeven as soon as possible. Not recommended for the beginner
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Here is the video as promised. Sorry for the late but I struggled with Youtube.

Inserted Video
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Thank you Phillip.
Philip you have no idea how much I appreciate that you share all your work with us and even take the time and effort to explain it so well.

I have been struggling with money for such a long time in my life and I decided to get into forex and only trade when I am profitable on demo. I have been trying to have a profitable demo account on forex for 4 years with no success, until i found your thread!!!!... I traded your way for 2 months in demo and finally now I am confident enough to trade real money... I still got a lot to work on and keep practicing.. But I have decided that is time to use mini lots to get some confidence first....

PLEASE stick around the thread, it means a lot to us!!! And hopefully someday I'll be able to give you back all you have done for me without even knowing me!!!

Thank you!!!!!

PD: I forgot one thing. I am half way the thread.. Are you still trading more or less the same way? Thanks you again.. And thanks to all the people who kept this thread going like naustingfx!
Keep it simple All Time Return: na
Quoting guiyee
Philip you have no idea how much I appreciate that you share all your work with us and even take the time and effort to explain it so well. I have been struggling with money for such a long time in my life and I decided to get into forex and only trade when I am profitable on demo. I have been trying to have a profitable demo account on forex for 4 years with no success, until i found your thread!!!!... I traded your way for 2 months in demo and finally now I am confident enough to trade real money... I still got a lot to work on and keep practicing.....

Hi. I am glad you are finally confident. But remember to stick to your plan and don't risk more than 2%-4% of you capital on all your open positions open at the same time. Yes I am still trading the same way with a twitch here and there. I am currently looking to trade the GbpJpy as it looks like it is giving nice Market Rhythm. I will post my testing results later in October.
Quoting Phillip Nel
Here is the video as promised. Sorry for the late but I struggled with Youtube. https://youtu.be/V05CzimYhk8 {image}
First of all thanks for giving us this method free Great Phillip. Secondly, in thus video you mention that you don't pay much attention to MACD. Does this mean that paying attention to the MACD is no longer part of the strategy for profitable trading? Thanks in advance
Have not be very strong to trade for sometime now, I just came up now and this is what I see at the moment, late entry trade, I have missed about +22pips already, but have to enter for price hope to move further to the north

Thanks

Edit, I made the chart better, and the price indicated in the blue box was is the supposed entry
Thanks
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Quoting naustingfx
Have not be very strong to trade for sometime now, I just came up now and this is what I see at the moment, late entry trade, I have missed about +22pips already, but have to enter for price hope to move further to the north Thanks {image}
Tp 1 = +75pips

Tp 2 = + 182 pips

Note all Tps are calculated just from my current entry position

If you have the got, then pull the trigger with me, this is high probability trade, and let's hope we get to Paris safely, please do note that there is always a crash plan, so be sure to keep your parachute by your side assuming further navigation turns out to be an impossibility

Thanks
Quoting naustingfx
{quote} Tp 1 = +75pips Tp 2 = + 182 pips Note all Tps are calculated just from my current entry position If you have the got, the pull the trigger with me, this is high probability trade Thanks
Another account
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Alert!

If you have the got, then pull the trigger with me, this is high probability trade, and let's hope we get to Paris safely, please do note that there is always a crash plan when you take a flight (trade), so be sure to keep your parachute by your side assuming further navigation turns out to be an impossibility

Good luck
Quoting naustingfx
Alert! If you have the got, then pull the trigger with me, this is high probability trade, and let's hope we get to Paris safely, please do note that there is always a crash plan when you take a flight (trade), so be sure to keep your parachute by your side assuming further navigation turns out to be an impossibility Good luck
UPDATE

See my new chart,,,price can retrace to Fibo level as shown in chart and most likely proceed to north (my plan), and if price retraces to that, then that becomes another entry opportunity
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Quoting thelordpip
{quote} First of all thanks for giving us this method free Great Phillip. Secondly, in thus video you mention that you don't pay much attention to MACD. Does this mean that paying attention to the MACD is no longer part of the strategy for profitable trading? Thanks in advance
I have become so familiar with the reaction of the MACD in comparison to the price that I don't have to look to it to recognize a TC etc.... I will use it to spot some huge divergence especially when a trend is about to turn around.
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Quoting Phillip Nel
{quote} I have become so familiar with the reaction of the MACD in comparison to the price that I don't have to look to it to recognize a TC etc.... I will use it to spot some huge divergence especially when a trend is about to turn around. {image}
Thank you very much for the explanation Mr. Phillip
Quoting naustingfx
{quote} UPDATE See my new chart,,,price can retrace to Fibo level as shown in chart and most likely proceed to north (my plan), and if price retraces to that, then that becomes another entry opportunity {image}
Smaller time frame analysis in agreement with the BIGGER PIC

All this is part of my thinking, and thanks to God for Phillip who helped to take things down to smaller time frame

thank you Phillip

See chart below
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Quoting naustingfx
{quote} Smaller time frame analysis in agreement with the BIGGER PIC All this is part of my thinking, and thanks to God for Phillip who helped to take things down to smaller time frame thank you Phillip See chart below {image}
chart
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Quoting naustingfx
{quote} UPDATE See my new chart,,,price can retrace to Fibo level as shown in chart and most likely proceed to north (my plan), and if price retraces to that, then that becomes another entry opportunity {image}
EUR/USD
UPDATE:

See chart below, price ran +40pips profit for me, but my first tp is not yet reached, if I had entered early I would have taken partial profit my now,,,but I am still watching the market live now, I left and came back now,,,you see what that 61,8 Fib level is doing currently,,,it is trying to produce the 2nd entry I mentioned earlier to the north, let see what happens
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Quoting naustingfx
{quote} EUR/USD UPDATE: See chart below, price ran +40pips profit for me, but my first tp is not yet reached, if I had entered early I would have taken partial profit my now,,,but I am still watching the market live now, I left and came back now,,,you see what that 61,8 Fib level is doing currently,,,it is trying to produce the 2nd entry I mentioned earlier to the north, let see what happens {image}

4 HOUR TIME FRAME

My chart below shows overview of profit targets with respect to long term projections
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UPDATE FOR SMALL TIME FRAME

For the 15 minutes time frame, take profit already hit, +30pips
But I never had in mind to take short term profit, but at least the Strategy (4 Hour MACD SYSTEM) has yield its pips as usual, it now depends on the trader (me) to decided what next to do from here,,,this also reveals that knowing the system is one part, another part is trade or position management
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EUR/USD

UPDATE
I am a bit worried about those two tails at the north,,, and I could not adjust position to at least BE when I had that +40pips initial move because I left to get something, and before I could come back a lot has happened, so it is decision time for me now,,,but still have hope for up move,,,just watching now
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