DislikedPip,
Thanks for the insight, that is different than mine. I will not trade on Friday, never have and never will, except of course non-farm. I appreciate seeing things like this. Have a good week end and thanks again.
JimIgnored
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
4 hour strategy (the nausbot - 4 hour trader) 11 replies
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DislikedPip,
Thanks for the insight, that is different than mine. I will not trade on Friday, never have and never will, except of course non-farm. I appreciate seeing things like this. Have a good week end and thanks again.
JimIgnored
DislikedPip,
Thanks for the insight, that is different than mine. I will not trade on Friday, never have and never will, except of course non-farm. I appreciate seeing things like this. Have a good week end and thanks again.
JimIgnored
DislikedFYI
Here is the chart....very different than the one posted by hard1head1...yet the signals work for us all!!!![]()
Also, the short signal changed between writing original post and saving chart. Shows the importance of waiting for close!
GBPUSD at close of 12:00 GMT candleIgnored
DislikedI was never aware of the differences in charting and broker times when I started this thread. I can see that it makes it difficult in discussions. One thing however is that the MACD is based upon human action and should work on all platforms.
1. The one might generate a win while the other might give a loss and then it will turn around at other times.
2. Sometimes the one will give a 30 gain while the other will give a 60 gain and then visa versa at other times.
Over time it should preduce around equal gain. This is only my feeling.
So we must be aware that when someone is giving a signal it could differ from ours.Ignored
DislikedPhillip,
Great thread. Very clear and very succinct.
Your use of pictures and MP3 make it so much easier for beginners like me.
Cheers.
Thanks to all others that post pics and explanations, it really does help and hopefully I can join in soon.
Apologies as this appear off topic, but everyone seems very helpful here so here goes -
I would like to know if anyone knows of a MT4 broker that is GMT +2 and offers micro lots.
When I'm ready I want to start small with the micro lots and this system.
I've got FXDD demo but they don't do micro lots.
Cheers everyone.
Colin.Ignored
DislikedThe best way I've found to follow the charts exactly is to open a demo account at www.migfx.com, a swiss forex broker. This is the broker that phillip's data is supplied form. Use the charts at MIG fx to do your MACD analysis, and use your current broker to manage your actual trades.Ignored
DislikedAmazing isn't it? The differences. But, I tested your system with my time and it works! The system is robust. The reason, I think, is because the MACD is the trigger and our charts will reflect the price action during our time frames accordingly...and the system is also based on price action around MAs, S/R and candles. We may not see the exact same trades, but we should be taking equally good ones. Even more reason to post why we entered trades. This thread is awesome because it reinforces all the necessary skills essential for sucessful trading! & you have at least 3 people who have posted 200 - 500ish pip gains in 1 - 2 weeks using sane rational techniques!
I'm impressed beyond belief with what you, Phillip, have achieved, and given us to learn and use. & I am grateful for all who have contributed to this thread, for I learn more each day from everyone (and I no longer have to trade alone....my friends hate hearing about pips...and my significant other just glazes over everytime I use words like support, resistance, and ba#@$r%s ran my stop again (that's my "they") (no offense anyone...my stops always get hit around 10AM GMT on the pound).Ignored
DislikedI have been hoping this would come to fruition soon. Of course it's on a friday....
Watch it and be patient.... It's holding below the price point for about an hour now....
-I have 2 upper trend lines providing resistance from much upward movement, along with a horizontal resistance line from past history at around 1.1619.
-Price level it's at is very major price point: 1.160 and the candle is further below than anytime this past week.
-The MACD signal is already showing, but will be reinforced if it closes below price point, and should continue down at that point at least 50 pips to the lower trend line.
-Below 89, so downtrend anyway, already was at the 21 ema as far as a retrace (kind of cheating cause it was horizontal movement that got it there).
-Oil reports come out on Monday, but are "suppose" to push it down further. Take that with a grain of salt
-Below the 365 ma.
If you look at my chat you'll see I'm in the trade.... we all make mistakes. wayyy.. to early. I had a trigger in place and was going to delete it before I left for work this morning, but forgot.... Of course as soon as I got to work I was shocked at my account numbers that had changes.... The trigger had been hit! Stupid! Stupid! Stupid! Anyway, wish me luck. I really like the setup, but did NOT want to be in right now. Maybe if I hadn't stoppe for coffee, I would have been able to cancel it in time.
Ignored
DislikedI have been watching/waiting for this one too. I just entered at 1.1588 short. MACD gave a sell signal, price bounced off the 8&21 ma's and I believe it's making Leg2 of a down continuation pattern. I think you should be fine...I'm up 13pips at the moment! Enjoy the ride and then enjoy the weekend!!![/quote
Nice job you two. Exactly how I would have done it. The signal was already shown by the MACD with to little pips to the short trendline I have drawn but when it went through 1.1595 it was short.Ignored
DislikedI have been watching/waiting for this one too. I just entered at 1.1588 short. MACD gave a sell signal, price bounced off the 8&21 ma's and I believe it's making Leg2 of a down continuation pattern. I think you should be fine...I'm up 13pips at the moment! Enjoy the ride and then enjoy the weekend!!![/quote
Nice job you two. Exactly how I would have done it. The signal was already shown by the MACD with to little pips to the short trendline I have drawn but when it went through 1.1595 it was short.Ignored