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4 Hour Strategy (MACD)

  • #30,401
  • Mar 6, 2018 5:24am Mar 6, 2018 5:24am
EurAud gave a buy signal.the prince bounce on the ema 21 and gave shooting star, what do you think?
Attached Image (click to enlarge)
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  • #30,402
  • Mar 6, 2018 5:32am Mar 6, 2018 5:32am
The EurUsd is giving a tc you have to wait for the closing of the candle
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  • #30,403
  • Mar 6, 2018 7:42am Mar 6, 2018 7:42am
Agreed on both.

As far as Euro goes, I decided to take the TC that set up 3 candles ago on EUR/GBP. We'll see how that goes.
  • #30,404
  • Mar 6, 2018 7:51am Mar 6, 2018 7:51am
In EurGbp i am waiting to break The resistance in 0.89200
  • #30,405
  • Mar 6, 2018 10:17am Mar 6, 2018 10:17am
Quoting luvac
In EurGbp i am waiting to break The resistance in 0.89200
I originally was too but decided to take the leap of faith anyway (not always recommended lol)

Looks like the resistance has been broken pending this current candle closing above.
  • #30,406
  • Mar 7, 2018 9:23am Mar 7, 2018 9:23am
Got out of EUR/GBP on the plus side of things. Currently jumped in the TC on EUR/CHF.
  • #30,407
  • Mar 7, 2018 10:54am Mar 7, 2018 10:54am
Quoting Nico1359
Got out of EUR/GBP on the plus side of things. Currently jumped in the TC on EUR/CHF.
Excellent Nico1359,watch out with that pair because It can become a double top
  • #30,408
  • Mar 9, 2018 11:15pm Mar 9, 2018 11:15pm
Now that I am retired I can spend more time on forex.

I read & sort of understand Phillip’s strategy. Next is to experience it. I understand we must not use it indiscriminately on its own & take all signals it gives. I’ll use it to supplement my PA method.

Phillip recommended using the strategy on EURUSD, GBPUSD, USDJPY & USDCHF. I have some kind of phobia of GBPUSD which I found rather erratic.

I saw many people here use it on many other currency pairs.

May I ask experienced veterans here:

(i) which other pairs (other than those 4) have you found best for the strategy?

(ii) which pairs performed the worst with it?

Thank you & God bless you all!

Henry
  • #30,409
  • Mar 11, 2018 11:59am Mar 11, 2018 11:59am
Quoting CollectPIPS
Now that I am retired I can spend more time on forex. I read & sort of understand Phillip’s strategy. Next is to experience it. I understand we must not use it indiscriminately on its own & take all signals it gives. I’ll use it to supplement my PA method. Phillip recommended using the strategy on EURUSD, GBPUSD, USDJPY & USDCHF. I have some kind of phobia of GBPUSD which I found rather erratic. I saw many people here use it on many other currency pairs. May I ask
experienced veterans here: (i) which other pairs (other than those 4) have you found...
I only sell when the 21ema is below the 89sma and only buy when the 21 ema is above the 89sma and only look for the clean set-ups.

I never counter-trend and look for trend continuations. I avoid trading when the price is inbetween 89 and 200sma.

I think keeping it simple is the best way, so regarding the GBP/USD you find there is clean set-ups that you can take advantage of.

Hope this helps

Riese
  • #30,410
  • Mar 11, 2018 5:05pm Mar 11, 2018 5:05pm
Quoting RieseP
{quote} I only sell when the 21ema is below the 89sma and only buy when the 21 ema is above the 89sma and only look for the clean set-ups. I never counter-trend and look for trend continuations. I avoid trading when the price is inbetween 89 and 200sma. I think keeping it simple is the best way, so regarding the GBP/USD you find there is clean set-ups that you can take advantage of. Hope this helps Riese
Thank you for sharing.

Yes, it helps. I'll include GBPUSD on my radar screen.

Yes, trend continuation are much higher probability trades than counter-trend. When price is in between 89 & 200MAs that is when trend is undergoing direction change and price in this phase is usually rather capricious.

May I know what are the pairs that you trade?

Wish you profitable in your trades always!

Henry
  • #30,411
  • Apr 5, 2018 11:56am Apr 5, 2018 11:56am
Quoting RieseP
{quote} I only sell when the 21ema is below the 89sma and only buy when the 21 ema is above the 89sma and only look for the clean set-ups. I never counter-trend and look for trend continuations. I avoid trading when the price is inbetween 89 and 200sma. I think keeping it simple is the best way, so regarding the GBP/USD you find there is clean set-ups that you can take advantage of. Hope this helps Riese
Riese has got this on lock-down. This is exactly the criteria you should be looking for if you are new to the system. The odds of you getting into a successful trade increase dramatically if you keep disciplined and trade the way he explained.
  • #30,412
  • Apr 9, 2018 7:49pm Apr 9, 2018 7:49pm
hi guys,

i was wondering if any of you could post the macd with the colors. i did go to the posts listed on page 1 but when i set it up it shows those 45, 30, 15 lines and even if i delete them they will show in the next timeframe.

maybe there is a simple solution? much appreciated.

seb
  • #30,413
  • Apr 10, 2018 8:24pm Apr 10, 2018 8:24pm
Quoting ssebby16
hi guys, i was wondering if any of you could post the macd with the colors. i did go to the posts listed on page 1 but when i set it up it shows those 45, 30, 15 lines and even if i delete them they will show in the next timeframe. maybe there is a simple solution? much appreciated. seb
Solution to your problem:
Right click on the macd itself and a pop-up box will come up with some options for you.
From the list of options, click on macd coloured...properties; then a dialogue box will come up for you to customize the macd coloured indicator.
On the dialogue box that comes up, click on levels, and below you will see a small rectangular box bearing the name style.
Click on the drop-down arrow inside the box and click on None.
Then click on OK.
This should solve your problem.
Thanks and blessings.
  • #30,414
  • Apr 11, 2018 3:10am Apr 11, 2018 3:10am
Thanks for the reply. It worked.

What macd do you recommend? v100, v102, v103 and i thought i saw a v105 if i'm not mistaken?

I was hibernating for the past several years and i want to get back trading.

Seb
  • #30,415
  • Apr 11, 2018 4:19am Apr 11, 2018 4:19am
Quoting ssebby16
Thanks for the reply. It worked. What macd do you recommend? v100, v102, v103 and i thought i saw a v105 if i'm not mistaken? I was hibernating for the past several years and i want to get back trading. Seb
I am using v102 and look it looks good
  • #30,416
  • Apr 11, 2018 4:27am Apr 11, 2018 4:27am
Quoting naustingfx
{quote} Solution to your problem: Right click on the macd itself and a pop-up box will come up with some options for you. From the list of options, click on macd coloured...properties; then a dialogue box will come up for you to customize the macd coloured indicator. On the dialogue box that comes up, click on levels, and below you will see a small rectangular box bearing the name style. Click on the drop-down arrow inside the box and click on None. Then click on OK. This should solve your problem. Thanks and blessings.
A kind soul!
  • #30,417
  • Apr 11, 2018 6:02am Apr 11, 2018 6:02am
This look like a potential Divergence. Let see how it unfold
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  • #30,418
  • Apr 11, 2018 2:53pm Apr 11, 2018 2:53pm
Quoting ssebby16
Thanks for the reply. It worked. What macd do you recommend? v100, v102, v103 and i thought i saw a v105 if i'm not mistaken? I was hibernating for the past several years and i want to get back trading. Seb
Personally I use macd v102.
I have not really tested other versions of macd as to recommend a particular one for a traders use. But over the years, I have no much deal with the macd...I just use it a few times, but I can actually trade without it as I mainly focus on trading the market-rhythm way....so many signals that I take do not really wait for macd to confirm anything.

Thanks.
  • #30,419
  • Apr 11, 2018 4:27pm Apr 11, 2018 4:27pm
Thank you guys.
Very helpful.
good luck with your trades.
Seb
  • #30,420
  • Apr 15, 2018 8:25pm Apr 15, 2018 8:25pm
hey naustingfx how have you been?, what do you think about of GbpUsd?,is in an uptrend and currently is bouncing between the emas 21 and 8
Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd.JPG Size: 121 KB
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