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4 Hour Strategy (MACD)

  • #30,321
  • Oct 13, 2017 5:59am Oct 13, 2017 5:59am
@naustingfx, is been long since I posted here. I lost my account in FF. You, and the many others, have been very benevolent in giving back here what you've learnt from wise and hoary-haired Nel Phillip. In these days of volatility and many red news coming through; how do you enter trades on the 4HR time frame--on which this system was based initially-- though I know one could still step down to the lower time frame to enter a trade?
  • #30,322
  • Oct 16, 2017 4:01pm Oct 16, 2017 4:01pm
Quoting Yhwh
@naustingfx, is been long since I posted here. I lost my account in FF. You, and the many others, have been very benevolent in giving back here what you've learnt from wise and hoary-haired Nel Phillip. In these days of volatility and many red news coming through; how do you enter trades on the 4HR time frame--on which this system was based initially-- though I know one could still step down to the lower time frame to enter a trade?
I do not even recommend trading smaller time frames to everyone...one has to be very disciplined, I mean very very disciplined to do that.

Now you are very correct about the very significant change in volatility for the market over the years...and Phillip did point out that the high volatility is the challenge this trading system is facing; but the fact remains that the rules remain the same and still play out well. The volatility only affected the stoplosses for trades, stoplosses are just high these days in some signals that comes up, but one can still refuse to take high stoploss signals and concentrate on the moderate ones....
I have stated it earlier that for many years now I do not really care what the NEWS is talking about. I just trade market rhythm. I have summarized my trading style to that and what I have found is that the NEWS seem to always agree with market rhythm from the way that I do it...if you go some few pages back on the thread, you will see some of my recent posts on trades which I have taken based on market rhythm.

You are welcome back bro.
Happy trading
  • #30,323
  • Oct 16, 2017 4:13pm Oct 16, 2017 4:13pm
Quoting FiberStage
Quick question for the vets: When concentrating on H1, H4, and D1 charts how long are you holding a position before you start to feel it is too long and not likely to hit your target and you need to close? I get the sense now that if 8 - 12 H4 candles pass and I'm ranging between my SL and target and I'm in some profit I should just close. I certainly understand this is all subjective for individual trades, but it seems like there must be some general pattern that has come up. Any thoughts?
Interesting to share your thinking here...I think it is excellent to begin to take such statistics so as to help in making concrete decision on when actually to close a trade...I tried to do that years back, but when I found what I feel is better in determining when to close trades I quit from that. For me, I always open two positions at once, then take partial profit on one and let the remaining to run to anticipated profit target...I use what I call aggressive and rational take profit strategies in working out my profit levels...and yes there something I see in the market certain times and I get a feel that things are so slow, price becomes so sluggish for day and still far away from target, then I close position prematurely...

But please go ahead with your stat. and share with us what you have found. I can get back to that and backtest your findings and we can actually fine tune what we have found to help our trading and everyone here.

I hope my explanation makes sense to you...thanks.
  • #30,324
  • Oct 16, 2017 4:27pm Oct 16, 2017 4:27pm
Marketh Rhythm

Just a past event...a trade I spotted about 2 weeks ago.
See charts and results below...this trade was purely on market rhythm, in such scenarios the macd makes no sense to me...and that is the update that Phillip recommended for all trades, one should be able to know the rhythm of the market by price action and as well take some good trades without waiting for macd confirmation...
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  • #30,325
  • Oct 16, 2017 4:31pm Oct 16, 2017 4:31pm
Quoting naustingfx
marketh rhythm just a past even...a trade i spotted about 2 weeks ago. See charts and results below...this trade was purely on market rhythm, in such scenarios the macd makes no sense to me...and that is the update that phillip recommended for all trades, on should be able to know the rhythm of the market by price action and as well take some good trades without waiting for macd confirmation... {image}
result of trade above
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  • #30,326
  • Nov 8, 2017 2:02pm Nov 8, 2017 2:02pm
Double Bottom?
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  • #30,327
  • Nov 13, 2017 3:01pm Nov 13, 2017 3:01pm
Hi i new in this thread but I've been watching for some time,and i want post my trades and listen to your opinions
Entry in eur/usd long
-the price close above 89 and 8 ma strong rhythm bullish
-the big candle indicate a big emotion and Is a engulfing
-mac show a TC

What do you think?
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  • #30,328
  • Nov 14, 2017 1:52am Nov 14, 2017 1:52am
Quoting RieseP
Double Bottom? {image}
MACD?
  • #30,329
  • Edited 10:48am Nov 14, 2017 10:24am | Edited 10:48am
Quoting Forex37
{quote} MACD?
he refers to the price formation I suppose,ok the trade above is closed with +5 pips lol,i was afraid from the formation of divergence, bad idea the price went to the clouds ,lesson learned follow the plan. (sorry for my english is not my mother tongue).
  • #30,330
  • Nov 14, 2017 1:08pm Nov 14, 2017 1:08pm
Quoting Forex37
{quote} MACD?
I don't like MACD, and it's clear from stoch that there's divergence, plus price action tells more than any indicator know to man.

plus I was right we did get a double bottom
  • #30,331
  • Nov 14, 2017 1:09pm Nov 14, 2017 1:09pm
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  • #30,332
  • Nov 14, 2017 1:12pm Nov 14, 2017 1:12pm
Hope you saw this?
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  • #30,333
  • Edited 11:04pm Nov 14, 2017 10:09pm | Edited 11:04pm
I dont take The trade because i was sleeping,but i take The trade aud/jpy,and actually i closed The trade +45 pips
Ups the reason why I take
-The trade have rhythm
-the Macd show pattern TC
-the price bounced from The 8 ema
-the price show a engulfing bearish
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  • #30,334
  • Nov 15, 2017 7:55pm Nov 15, 2017 7:55pm
Hi todo all
long day in the office Buff, ok this day take Two trade aud/usd
The price have rythm
The price closed with a engulfing bearish candle
The Macd was beginning to show a TC pattern (maybe I'm ahead)
The price bounced from the 8 ema
the weekly trend line is very close I will watch closely

Nzd/usd
The price have rythm
The price closed with a engulfing bearish candle
The Macd was beginning to show a TC pattern (maybe I'm ahead too)
The price bounced from the 21 AND 89 ma and Daily trend line (very good)

I would like to hear your comments.

good day for everything
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  • #30,335
  • Dec 1, 2017 7:16pm Dec 1, 2017 7:16pm
What platform is everyone using
Does anybody have a preference beween Metatrader and NinjaTrader.

I am opening a live account. Would appreciate any inputs.
  • #30,336
  • Dec 5, 2017 1:53pm Dec 5, 2017 1:53pm
Once you build up your trading statistics over time, you then know what your higher probability signals are and that is your key to making pips. Your trading statistics reveals each trad-able signals success percentage and failure percentage...
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  • #30,337
  • Dec 5, 2017 1:55pm Dec 5, 2017 1:55pm
Trade taken on 1st December 2017

Update on result of trade
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  • #30,338
  • Dec 5, 2017 1:58pm Dec 5, 2017 1:58pm
Another entry on 4th December, 2017...trade is still running...
Market rhythm and statistics are very powerful tool to trading success.

Happy trading
Naustingfx.
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  • #30,339
  • Dec 5, 2017 1:59pm Dec 5, 2017 1:59pm
Bigger picture.
Happy trading.
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  • #30,340
  • Dec 5, 2017 2:02pm Dec 5, 2017 2:02pm
Quoting Mathus
What platform is everyone using Does anybody have a preference beween Metatrader and NinjaTrader. I am opening a live account. Would appreciate any inputs.
Since my trading career I have been using meta4 platform. I do not have information about any other platform.
Regards,
Naustingfx
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