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4 Hour Strategy (MACD)

  • #30,561
  • Sep 26, 2018 4:17pm Sep 26, 2018 4:17pm
EUR/USD

2nd entry taken as explained earlier based upon the Fibonacci 61,8 level
See chart below
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Sept 26 Fibo 2nd entry.PNG Size: 31 KB
  • #30,562
  • Oct 1, 2018 11:03pm Oct 1, 2018 11:03pm
The EURUSD move lower.

Currently it is testing support at around 1.1550.

On October 1, 2018 it was failed to break above SMA 200. The mood is still bearish.

I am waiting until it broke the support below, or pullback to EMA 21 : D
Own your own mind.
  • #30,563
  • Oct 2, 2018 1:26am Oct 2, 2018 1:26am
Here is my trades yesterday on the 4H timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #30,564
  • Oct 2, 2018 6:31pm Oct 2, 2018 6:31pm
Quoting Phillip Nel
Here is my trades yesterday on the 4H timeframe. {image}
Hi Phillip,

Thank you for sharing your set up. It reminds me to always always consider the support and resistance and not rely solely on MACD signals.
Own your own mind.
  • #30,565
  • Oct 3, 2018 7:11am Oct 3, 2018 7:11am
Downward TC is forming in 4H Timeframe. But, in D1, MACD is forming half of what seems to be round bottom. Maybe, there's still room to short EUR.
Own your own mind.
  • #30,566
  • Oct 4, 2018 1:52am Oct 4, 2018 1:52am
Quoting Arrow
Downward TC is forming in 4H Timeframe. But, in D1, MACD is forming half of what seems to be round bottom. Maybe, there's still room to short EUR.
I hope you took that TC down or it least got a nice entry on the break to the bottom. Well anticipated.
  • #30,567
  • Oct 4, 2018 4:19am Oct 4, 2018 4:19am
Quoting Phillip Nel
{quote} I hope you took that TC down or it least got a nice entry on the break to the bottom. Well anticipated.
Edited:

Thank You Phillip \(^ ^)/

Took it at 1.1527 and closed it at 1.1475.

I'd almost close it sooner, since I saw the sign of divergence (The price move down, but the MACD create a higher low), but at the end stick to my TP/SL.

Now, EURUSD offers a countertrend trade opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-10-04-16-14-50_net.metaquotes.metatrader4.png Size: 153 KB
Own your own mind.
  • #30,568
  • Oct 8, 2018 8:09am Oct 8, 2018 8:09am
Back again on Demo account but with strict rules:
Risk 2.5 % in any open position. Starting with 1000 $ on this demo. I'll treat it as a real one.

Opened two positions:
1. Sold EUR/USD.
2. Sold USD/JPY.

I know this is equivalent to selling EUR/JPY, which also was giving a perfect rhythm on 4hr. I need to take care in next time as this double the risk.

The cloud on charts is the area between 8 EMA and 21 EMA. I found it more comfortable visualization for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD H4 (10-08-2018 1501).png Size: 60 KB
Click to Enlarge Name: USDJPY H4 (10-08-2018 1502).png Size: 50 KB
  • #30,569
  • Oct 8, 2018 10:53am Oct 8, 2018 10:53am
Quoting Muhammad87
Back again on Demo account but with strict rules: Risk 2.5 % in any open position. Starting with 1000 $ on this demo. I'll treat it as a real one. Opened two positions: 1. Sold EUR/USD. 2. Sold USD/JPY. I know this is equivalent to selling EUR/JPY, which also was giving a perfect rhythm on 4hr. I need to take care in next time as this double the risk. The cloud on charts is the area between 8 EMA and 21 EMA. I found it more comfortable visualization for me. {image} {image}

Target profit is reached (79 pips = 63$ ==> "+ 6.3%")
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4 (10-08-2018 1750).png Size: 47 KB
  • #30,570
  • Oct 9, 2018 2:28pm Oct 9, 2018 2:28pm
Quoting Muhammad87
Back again on Demo account but with strict rules: Risk 2.5 % in any open position. Starting with 1000 $ on this demo. I'll treat it as a real one. Opened two positions: 1. Sold EUR/USD. 2. Sold USD/JPY. I know this is equivalent to selling EUR/JPY, which also was giving a perfect rhythm on 4hr. I need to take care in next time as this double the risk. The cloud on charts is the area between 8 EMA and 21 EMA. I found it more comfortable visualization for me. {image} {image}

Stopped in EURUSD @ (+31 pips = 15$ ==> "+1.5%")

Sold CAD/JPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD H4.jpg Size: 173 KB
Click to Enlarge Name: CADJPY H4 (10-09-2018 2126).png Size: 50 KB
  • #30,571
  • Oct 10, 2018 3:31pm Oct 10, 2018 3:31pm
Quoting Muhammad87
{quote} Stopped in EURUSD @ (+31 pips = 15$ ==> "+1.5%") Sold CAD/JPY {image} {image}

TP is reached in CADJPY (+70 pips = 43$ ==> "+4.3%")
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY H4.jpg Size: 179 KB
  • #30,572
  • Oct 10, 2018 3:38pm Oct 10, 2018 3:38pm
Sold USDCHF @0.9905
SL @0.9955 (Risk 2.5%)
TP @ 0.9810
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF H4 (10-10-2018 2236).png Size: 44 KB
  • #30,573
  • Oct 10, 2018 3:45pm Oct 10, 2018 3:45pm
Quoting Muhammad87
{quote} Target profit is reached (79 pips = 63$ ==> "+ 6.3%") {image}
I entered again and managed another 74 pips ("+ 6.5%")
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 235 KB
  • #30,574
  • Oct 10, 2018 3:54pm Oct 10, 2018 3:54pm
I didn't post 4 trades:

1. GBPCHF ==> BE
2. GBPAUD (112 pips ==> "+ 4%")
3. AUDUSD (- 29 pips ==> "- 2.5%")
4. AUDUSD (-37.9 pips ==> "-3.8%)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF.png Size: 39 KB
Click to Enlarge Name: GBPAUD.jpg Size: 195 KB
Click to Enlarge Name: AUDUSD 1.jpg Size: 155 KB
Click to Enlarge Name: AUDUSD 2.jpg Size: 137 KB
  • #30,575
  • Oct 11, 2018 12:23am Oct 11, 2018 12:23am
I am watching eurusd closely to touch 89ma
Will be back in 5years
  • #30,576
  • Oct 11, 2018 6:03am Oct 11, 2018 6:03am
Quoting Muhammad87
Sold USDCHF @0.9905 SL @0.9955 (Risk 2.5%) TP @ 0.9810 {image}

I moved my stop and they catch it "on a demo".
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 201 KB
  • #30,577
  • Oct 12, 2018 5:34am Oct 12, 2018 5:34am
A H&S formation on MACD - GBPUSD

I opened the trade for 2 days. The price almost hit my SL at 1.3260. It above highest previous price, and also above R1 based on Pivot Points calculation.

It is tiring. But, based on confidence on Phillip's strategy.. Let's keep on fighting. Let the profit run!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-10-12-17-19-54_net.metaquotes.metatrader4.png Size: 153 KB
Own your own mind.
  • #30,578
  • Edited 10:44pm Nov 4, 2018 10:25pm | Edited 10:44pm
Hello Phillip and all valuable members,

I am a big fan of patterns of price (wedges, diamonds, H&S, etc....)

For quite long time I am doing partial analysis on any Indicator I use by applying patterns on the Indicator. I don't of course use this analysis as a standalone but rather as a means of "confirmation" of a major level I anticipate a reversal (or correction) from. I like to enter as "close as possible" to an important level (TL, S/R, Fib, etc..) on HTF.

Any way I wanted to share this with every one.

Price bounced from a 50% fib level on Daily (not attached) and the trader may anticipate a correction or reversal at this level. So I put MACD (same settings you use here and drew same levels) and analysed what the Indi was trying to tell at this level and even before this level. The chart attached is H4.

I hope the chart is clear.


I did not include any MA for the sole of 'focusing' on one aspect of trading. It is more of the purpose of 'segmenting' our tools of analysis into little pieces and examine each separately.

1-Notice the Broadening formation near the highs of MACD 0.0045 and the bearish divergence that followed.
2-Notice the breakout of the converging channel (that developed into a wedge) and the retest at -0.0015 to confirm the bullish bias. There was also a bullish divergence before the breakout.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4.png Size: 34 KB
  • #30,579
  • Jan 24, 2019 3:55am Jan 24, 2019 3:55am
Quoting Muhammad87
I didn't post 4 trades: 1. GBPCHF ==> BE 2. GBPAUD (112 pips ==> "+ 4%") 3. AUDUSD (- 29 pips ==> "- 2.5%") 4. AUDUSD (-37.9 pips ==> "-3.8%) {image} {image} {image} {image}
Hi, Can you share your indicator drawing red/green ribbon ( I assuming uper band and ower band are MAs). Thanks!
  • #30,580
  • Feb 8, 2019 7:29pm Feb 8, 2019 7:29pm

HAPPY NEW YEAR (2019) TO ALL OF YOU IN THIS THREAD!!!


With heart full of joy and thanksgiving to God for a 2018 well spent and an ushering in into the year 2019 I am very grateful!

The world is like a battle field, and I want to encourage everyone to keep their hope alive and never never allow whatsoever unhealthy circumstances around you to psych you into giving up on yourself;

You are born to be great, and I pray that God opens your eyes to see the path to your divine fulfillment in life, and help you to connect to the right people to get to the very peak of your joy and happiness, then at that level you can be more fruitful to yourself, family, the society where you live and the world at large!

Please be happy and joyful always; joy and happiness has this magnetic force on God's blessings, the forces of nature play in the favour of those whose heart merry, as it is easier to communicate with such hearts physically and spiritually than the heart of the wicked!

I will not forget to thank God for the gift of Phillip Nel! In him I see God providing the need of many families, people and nations, Sir Phillip is a rare gem!!! I know those who have been here faithfully for all these years will testify same;

I thank God tremendously for saving him from a deadly attack of stroke, which he had mentioned earlier in his post last year, when I contacted him and heard his voice my heart was just bleeding with tears; how could I (we) loose such a gem to sickness;;; Now the sickness has perished and the handsome old man is back on his feet! Glory be to God in the highest!!!

I had wanted to post here earlier before now, but January for me is a period of intensive planning and praying, and less of trading sometimes, but I am more at ease now to post; and see below some of a whole lot of successful trades I have made this year; I am hoping to compile them and post here, maybe in the future, but here are some of them. Enjoy them and do share your views where necessary!!!

It is well in Jesus name!

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