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4 Hour Strategy (MACD)

  • #30,461
  • Aug 30, 2018 5:28pm Aug 30, 2018 5:28pm
USD/CAD
Price broke 21 EMA, I'll wait for a pullback to it to go Long targeting 89 SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H4 (08-31-2018 0027).png Size: 70 KB
  • #30,462
  • Aug 30, 2018 10:17pm Aug 30, 2018 10:17pm
Looking to Buy GBP/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4 (08-31-2018 0515).png Size: 63 KB
  • #30,463
  • Aug 31, 2018 12:07am Aug 31, 2018 12:07am
Quoting Muhammad87
Looking to Buy GBP/JPY {image}

On Demo Account
I'm in.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4 (08-31-2018 0706).png Size: 64 KB
  • #30,464
  • Aug 31, 2018 9:34am Aug 31, 2018 9:34am
GBP/JPY -55 pips
AUD/USD 82 pips
EUR/USD 20 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY H4 (08-31-2018 1632).png Size: 60 KB
Click to Enlarge Name: AUDUSD H4 (08-31-2018 1632).png Size: 66 KB
Click to Enlarge Name: EURUSD H4 (08-31-2018 1632).png Size: 61 KB
  • #30,465
  • Aug 31, 2018 9:45am Aug 31, 2018 9:45am
I took 11 trades this week on a demo account. 9 of them was mentioned in the forum.

6 Winners
2 BE
3 Losers

I managed nearly 346 pips. I entered 1 pip = 1 dollar for any pair.
Gain 467 $
Loss 121 $
Attached Image (click to enlarge)
Click to Enlarge Name: Demo.jpg Size: 214 KB
  • #30,466
  • Aug 31, 2018 9:53am Aug 31, 2018 9:53am
I'm still learning and I managed to to read nearly half of the thread. Now, I haven't any free time to read. I'll be back soon on this wonderful thread.
  • #30,467
  • Sep 2, 2018 11:55pm Sep 2, 2018 11:55pm
Quoting Muhammad87
USD/CAD Price broke 21 EMA, I'll wait for a pullback to it to go Long targeting 89 SMA. {image}
Hi Muhammad87,

I’m happy someone is still trading this stategy and is active on this thread. I have been learning about Philip’s strategy for about 2 months. What your thoughts on EUR/USD?

Thanks to Philip to posting this strategy for public!
Attached Image (click to enlarge)
Click to Enlarge Name: EDE3E0D8-D146-4D24-B903-EC834BA4A8BC.jpeg Size: 345 KB
  • #30,468
  • Sep 3, 2018 2:04am Sep 3, 2018 2:04am
Quoting DvorkaSKS
{quote} Hi Muhammad87, I’m happy someone is still trading this stategy and is active on this thread. I have been learning about Philip’s strategy for about 2 months. What your thoughts on EUR/USD? Thanks to Philip to posting this strategy for public! {image}
Hi DvorkaSKS, I'm still learning.
My view is:
Price broke below 21 EMA and according to the rules it might reach the 89 SMA. The price find support on 200 SMA in between.
I favor a retest first for 21 EMA and then look if the price is rejected and begin to go south again. Then the probability to go short will increase.
200 SMA is annoying in this position for short. On the other hand no setup for long until the rhythm back again.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 (09-03-2018 0855).png Size: 63 KB
  • #30,469
  • Sep 3, 2018 2:47am Sep 3, 2018 2:47am
GBP/USD:

Looking for closing the gap and price rejection from 21 EMA to go short. I'm anticipating a down move to 89 SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 (09-03-2018 0946).png Size: 68 KB
  • #30,470
  • Edited 5:19am Sep 3, 2018 3:37am | Edited 5:19am
Quoting naustingfx
EUR/JPY TRADE: 11th and 12 th July, 2018 It was a late entry trade, but I took it because the market had a strong potential for an up move. It took about 24hrs for my take profit to be reached. But the setup worth the patience. See chart below for details on entry and final result of trade...I actually took the trade with my tablet/device as my laptop was not set at that moment. The entry is that short blue vertical line pointing at that strong 4hr bullish candle moving away from the 21ema. Take profit was at that thin horizontal blue line. Happy...
Hi for those that are still trading this strategy. It has been some years that I haven't posted here. I went on pension last year but then I was struck by a stroke on 23Dec2017 and only started to recover about the middle of May this year. While I was working I could not realy trade because I could not watch the market live. I did on a very small account. I wanted to start to trade when I went on pension and then that happened but it was all for the good because God is in control.
I want to thank naustingfx for his efforts he put in to keep this thread alive. I will be more active from now onwards showing my trades and give every Sunday my view for the week to come. Me and Naustingfx were in contact all these time. He is a special friend of mine. He realy worked hard to become the trader he is today. If I missed out other traders that has committed themself to this thread and helped keeping it alive I apologize but thanks to you as well.
  • #30,471
  • Sep 3, 2018 3:48am Sep 3, 2018 3:48am
There is only a few rules regarding this strategy and if you trade them you will be successful. The problem is people want to become rich quick and then they don't manage their risk well. The main focus should be don't risk more then 2-4% of you capital for all your open positions together and have a Risk:Reward of 1:1.2 minimum and you will make it
  • #30,472
  • Sep 3, 2018 4:32am Sep 3, 2018 4:32am
Quoting Phillip Nel
There is only a few rules regarding this strategy and if you trade them you will be successful. The problem is people want to become rich quick and then they don't manage their risk well. The main focus should be don't risk more then 2-4% of you capital for all your open positions together and have a Risk:Reward of 1:1.2 minimum and you will make it
Happy for your return
A chart helps those who can read it.
  • #30,473
  • Sep 3, 2018 4:53am Sep 3, 2018 4:53am
Quoting geniusztc
{quote} Happy for your return
Thanks. Hope others will also return and tell their story if trading this strategy was a successful journey or not and what was the reasons for success and or failure. I would surely like to hear them.
  • #30,474
  • Sep 3, 2018 5:21am Sep 3, 2018 5:21am
Quoting Phillip Nel
{quote} Hi for those that are still trading this strategy. It has been some years that I haven't posted here. I went on pension last year but then I was truck by a stroke on 23Dec2017 and only started to recover about the middle of May this year. While I was working I could not realy trade because I could not watch the market live. I did on a very small account. I wanted to start to trade when I went on pension and then that happened but it was all for the good because God is in control. I want to thank naustingfx for his efforts he put in to keep...

I'm happy to see you posting again. Sorry for hearing about that you were sick. I wish god bless you and always be in a good health.
  • #30,475
  • Sep 3, 2018 5:27am Sep 3, 2018 5:27am
Quoting Muhammad87
GBP/USD: Looking for closing the gap and price rejection from 21 EMA to go short. I'm anticipating a down move to 89 SMA. {image}
On a Demo Account:
I sold the GBP/USD @ 1.2893
SL @ 1.2950
TP @1.2805 (I'll keep some position open at least to 1.2700. The price falled to fill the gap which may indicate a pressure to downside)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 (09-03-2018 1227).png Size: 73 KB
  • #30,476
  • Sep 3, 2018 5:31am Sep 3, 2018 5:31am
On Demo Account:
Counter Trend in both AUD/JPY and AUD/CHF. Round bottom on MACD but mainly nice tails to the downsides. move SL to break even.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY H4 (09-03-2018 1229).png Size: 70 KB
Click to Enlarge Name: AUDCHF H4 (09-03-2018 1229).png Size: 66 KB
  • #30,479
  • Sep 3, 2018 10:13am Sep 3, 2018 10:13am
Phillip, good to have you posting again. Looking forward to it.
  • #30,480
  • Edited 2:10pm Sep 3, 2018 10:28am | Edited 2:10pm
Quoting Muhammad87
{quote} Hi DvorkaSKS, I'm still learning. My view is: Price broke below 21 EMA and according to the rules it might reach the 89 SMA. The price find support on 200 SMA in between. I favor a retest first for 21 EMA and then look if the price is rejected and begin to go south again. Then the probability to go short will increase. 200 SMA is annoying in this position for short. On the other hand no setup for long until the rhythm back again. {image}
I like the way you explain the possibilities. If you carry on the way you did on your demo you will be successful. But it becomes different when real money gets involve. Be careful not to trade to many pairs at the same time. I only trade the EurUsd and it is more then enough for me. Both trades are short.
I have also made the same analyses then what you have done. I have however enter below that trendline with 0.2 lots and also a sellstop limit order with 0.2 lots a bit further down should the price find resistance against that trendline and not go all the way to the 21ema. Just remember to adjust your position size according to your capital and risk.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 97 KB
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