4 Hour Strategy (MACD) | Page 1542 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #30,821
  • Jan 15, 2020 5:51pm Jan 15, 2020 5:51pm
Quoting 40PipsAlan
Wonder what happened there? I was convinced a long was on the cards after a close above the 89 and then wham dropped like a stone to the 365. Stop hunters back from their day off maybe. SL taken out for another losing trade {image}
The price must respect the moving averages to be used as support and resistances., when the market is lateral, we can not move by moving averages.
The market was averaging 89 and 200 going sideways, they should be rising to buy.
In the example you gave look at how the averages were aligned and tilted after falling below the 89 average, and back when you reached the 21 average.
The simplest reasons to get in are from a top and bottom or a well-defined consolidation.
Now you have a top and bottom can project resistance lines.
On the weekly chart is still the downtrend, so we have reason to believe it keeps falling.
You can have a more general view of H4 by looking at the daily and weekly charts.
I only buy until that resistance after that I wait to see the reaction of the market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aaaaa.png Size: 15 KB
Click to Enlarge Name: asd.png Size: 89 KB
Click to Enlarge Name: 2323.png Size: 59 KB
  • #30,822
  • Jan 17, 2020 6:42am Jan 17, 2020 6:42am
For us new ones that are struggling to see the light to financial independence. Here is a forex simulator EA, I expect it has been posted in the past but here it is again to keep your weekend happy while you wait for the market to open again.
Attached File(s)
File Type: zip LHF_Trading_Simulator.zip   37 KB | 193 downloads
  • #30,823
  • Jan 18, 2020 8:57am Jan 18, 2020 8:57am
Quoting naustingfx
WE WERE SAVED TO SAVE! THE BIG PLAN I have a solid plan to assist the new ones here, your post remind me of it again. But I don't want just few people, I need huge number of beginners so that after our meeting, we will have no one or very few who will still be needing help. The plan is for all new ones to buy a book and a pen and put down whatsoever questions or issues they are having with the 4hour macd strategy, one can also save charts needing further explanations, either my chart of Phillip Nels chart or the chart of anyone in this forum which...
Hello please include me I am interested.

Thanks
  • #30,824
  • Jan 18, 2020 9:14am Jan 18, 2020 9:14am
Hello everyone, just would like to understand how to begin and where to start by using this 4 hour MACD system. That would be very helpful .

Thanks
  • #30,825
  • Jan 18, 2020 10:09am Jan 18, 2020 10:09am
Quoting 40PipsAlan
For us new ones that are struggling to see the light to financial independence. Here is a forex simulator EA, I expect it has been posted in the past but here it is again to keep your weekend happy while you wait for the market to open again. {file}
Thanks Alen for sharing ? What is this about ! Can we back test this 4 H MACD system ?
  • #30,826
  • Jan 19, 2020 6:04am Jan 19, 2020 6:04am
Quoting naustingfx
WE WERE SAVED TO SAVE! THE BIG PLAN I have a solid plan to assist the new ones here, your post remind me of it again. But I don't want just few people, I need huge number of beginners so that after our meeting, we will have no one or very few who will still be needing help. The plan is for all new ones to buy a book and a pen and put down whatsoever questions or issues they are having with the 4hour macd strategy, one can also save charts needing further explanations, either my chart of Phillip Nels chart or the chart of anyone in this forum which...
Thank you Naustingfx pls include me. Blessing...
"With God all things are possible"
  • #30,827
  • Jan 19, 2020 8:40am Jan 19, 2020 8:40am
Quoting MalvernTrust
{quote} Thanks Alen for sharing ? What is this about ! Can we back test this 4 H MACD system ?
I would say, start at page 1 and go thru Phils index. Make sure you check out the heart of the system doc and audio file and the anticipation trading doc. And then go thru all of Phils other audio files and pdf. If that is not enough for you, check out all of Naustingfx posts along with jonnypip and cheeseburger. Back test as far back as you wish, the system was profitable 13 years ago and still is for the traders that have mastered it.
  • #30,828
  • Jan 19, 2020 9:07am Jan 19, 2020 9:07am
Quoting MalvernTrust
{quote} Thanks Alen for sharing ? What is this about ! Can we back test this 4 H MACD system ?
Ah you mean the simulator EA?
Used in the strategy tester part of the MT4 program. select the EA you want to test (LFH_simulator) and input the currency pair and TF with visual mode and use date, click start and a new chart appears, pause the process with the pause button (my laptop needs the Fn buttton as well) and apply the 4HMacd template.
To make a trade double click the buy open or sell open script and input your lotsize and SL and TP in pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 193 KB
  • #30,829
  • Jan 19, 2020 12:50pm Jan 19, 2020 12:50pm
EU Analysis time
No red news for tomorrow. The weekly is in a downtrend and we are seeing an upswing on the daily.
Daily:- Price is sitting on the 89 and a trendline going upward.
H4:- We have broken down below the 89 and now sitting on the S38 pivot along with the daily upward trendline. This level also held support 10 days ago.
My anticipation is that price will turn around here and return to the 21 EMA with the 365 also in the way at 17 pips distance.
This would be a counter trend back to the 21 EMA and with the 365 so close I am tempted to sit back and watch to see if we do indeed get a turnaround or not.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 155 KB
Click to Enlarge Name: Screenshot2.png Size: 152 KB
  • #30,830
  • Jan 19, 2020 5:12pm Jan 19, 2020 5:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: oco.png Size: 53 KB
  • #30,831
  • Edited 8:04pm Jan 19, 2020 6:37pm | Edited 8:04pm
Quoting 40PipsAlan
EU Analysis time No red news for tomorrow. The weekly is in a downtrend and we are seeing an upswing on the daily. Daily:- Price is sitting on the 89 and a trendline going upward. H4:- We have broken down below the 89 and now sitting on the S38 pivot along with the daily upward trendline. This level also held support 10 days ago. My anticipation is that price will turn around here and return to the 21 EMA with the 365 also in the way at 17 pips distance. This would be a counter trend back to the 21 EMA and with the 365 so close I am tempted to sit...

Hi, what is this S38 pivot ?
Do you use 89 exponential averages? It will do a different analysis from the others, I prefer the average 100 simple.
Which indicator do you use that says the risk, the target etc ...?
You use a demo account that is not ENC, I prefer ENC accounts, you will notice that the candles look different, and that's what the institutions see.
  • #30,832
  • Jan 20, 2020 2:18am Jan 20, 2020 2:18am
Quoting Sorobanista
{quote} Hi, what is this S38 pivot ? Do you use 89 exponential averages? It will do a different analysis from the others, I prefer the average 100 simple. Which indicator do you use that says the risk, the target etc ...? You use a demo account that is not ENC, I prefer ENC accounts, you will notice that the candles look different, and that's what the institutions see.
That would be the weekly pivot points used as possible SR areas and the 89 SMA is being used as per the thread originators concept at the start of this thread along with the 200 and 21EMA to define the market rhythm. see post 10211.
The reward risk indicator is from Swingman and is attached. drag the points to your SL and it works out your lotsize. I use a fixed amount per trade so I can see how well my week is doing. In most cases not very well
Attached File(s)
File Type: ex4 smTMMS RR-Calculator_v1.1.ex4   22 KB | 141 downloads
  • #30,833
  • Jan 20, 2020 3:23am Jan 20, 2020 3:23am
Quoting 40PipsAlan
EU Analysis time No red news for tomorrow. The weekly is in a downtrend and we are seeing an upswing on the daily. Daily:- Price is sitting on the 89 and a trendline going upward. H4:- We have broken down below the 89 and now sitting on the S38 pivot along with the daily upward trendline. This level also held support 10 days ago. My anticipation is that price will turn around here and return to the 21 EMA with the 365 also in the way at 17 pips distance. This would be a counter trend back to the 21 EMA and with the 365 so close I am tempted to sit...
Beautiful!...this analysis is very charming, and seductive...very interesting...here you just sound like Phillip...I don't have any thing to add to what you have said. Take action and whatsoever is the outcome you should be happy because you followed your plan simple! For me I will quickly switch to a 1hour chat for an early entry for that quick counter move...if not that we do not live at the same places in the world (that is, we are at different time zones - one may be awake while others are sleeping...) and our life styles or schedules are not the same, it would be excellent to have different group of traders focus on different pairs and do the kind of analysis you just did and post it here for people to learn and make profit...that was what happened with EUR/USD trade I took last week, Cheeseburger just posted a trade he took on the pair, and I quickly went to same pair, did my analysis and entered a trade around the level where he exited.
Thanks for posting.
  • #30,834
  • Jan 20, 2020 8:36am Jan 20, 2020 8:36am
Quoting 40PipsAlan
{quote} That would be the weekly pivot points used as possible SR areas and the 89 SMA is being used as per the thread originators concept at the start of this thread along with the 200 and 21EMA to define the market rhythm. see post 10211. The reward risk indicator is from Swingman and is attached. drag the points to your SL and it works out your lotsize. I use a fixed amount per trade so I can see how well my week is doing. In most cases not very well {file}
Post 10211 is an audio, I don't understand anything, if it was on youtube, I would ask to generate an English subtitle, then I would ask to translate.
Or if it were written it would be easier too, other than that.
As your graph is a little different from mine, I thought you were using 89 exponential averages, but now I saw that it's simple.
  • #30,835
  • Jan 20, 2020 8:39am Jan 20, 2020 8:39am
Quoting Sorobanista
{quote} Post 10211 is an audio, I don't understand anything, if it was on youtube, I would ask to generate an English subtitle, then I would ask to translate. Or if it were written it would be easier too, other than that. As your graph is a little different from mine, I thought you were using 89 exponential averages, but now I saw that it's simple.
How about a written version?
Attached File(s)
File Type: pdf The Heart of This System Written Copy.pdf   44 KB | 434 downloads
  • #30,836
  • Jan 20, 2020 9:09am Jan 20, 2020 9:09am
[quote=40PipsAlan;12711554]{quote} How about a written version? {image}[/quo


Thank you friend.
  • #30,837
  • Jan 20, 2020 3:16pm Jan 20, 2020 3:16pm
So far so good, I am going to move to BE before we reach the 365 in case in turns around again.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 143 KB
  • #30,838
  • Edited 6:33pm Jan 20, 2020 6:13pm | Edited 6:33pm
Quoting 40PipsAlan
So far so good, I am going to move to BE before we reach the 365 in case in turns around again. {image}
Hi, I read the text about the pace of the market, I read the previous text, this gives more information.
According to the text, the daily chart of eurusd would be flat, because the price is between the averages of 200 and 89.
Especially because I think that the charts above H1 respond very slowly to changes in trends with the heavier moving averages.
In the H4 you notice the tops and bottoms clearly lower, while the averages do not make sense yet showing an increase, being the average of 100 above the average of 200 and without its inclination.
In my opinion, trend lines are very subjective, I think it is even better to be based on touching the average trend line.
Your purchase is a scalp against the trend and the only justification for me, would be in the H1 chart the divergence.
In H1 I used the top and bottom and projected, the price consolidates normally after the main levels of 1.618 and 2.618.
It still had the resistance of the round number, and is likely to stay flat on that level and then continue to descend.
In the H4 graph, the projection for 1.618 is higher, now with two more levels of support, as partial targets.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01.png Size: 47 KB
Click to Enlarge Name: 2222.png Size: 50 KB
Click to Enlarge Name: 3333.png Size: 60 KB
  • #30,839
  • Edited 8:03am Jan 21, 2020 7:22am | Edited 8:03am
Nice one, slowly but surely wins the day
Update:- trail stop taken out for 18 pips. I moved it close by as price was sitting on the weekly pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 150 KB
  • #30,840
  • Jan 21, 2020 11:24am Jan 21, 2020 11:24am
Quoting 40PipsAlan
Nice one, slowly but surely wins the day Update:- trail stop taken out for 18 pips. I moved it close by as price was sitting on the weekly pivot. {image}
On the H1 chart this high makes more sense, the price stopped at 89 and went down again where the 0.386 fibonacci level was also.
And the target if it passes the support is practically the same, it was only closer to the round number.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: boa.png Size: 48 KB
Click to Enlarge Name: boa2.png Size: 49 KB
27 traders viewing now