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4 Hour Strategy (MACD)

  • #30,881
  • Feb 4, 2020 4:47am Feb 4, 2020 4:47am
Quoting forexdg
{quote} this chart has 12 26 1 setting for macd you change it because you test diferent values?
Yes boss, trying different settings. The buy/sell arrows come from another macd indi with settings 5,13,1, essentially when the macd zero line crosses.
  • #30,882
  • Feb 4, 2020 5:56am Feb 4, 2020 5:56am
Quoting 40PipsAlan
Happy days twas a Lucky guess {image}
Hi
Nice ride, but entry seem to be late, entry...as that can tell on stop loss or risk reward...nice to see upcoming news events show on your chart, that is a nice indicator and a handy tool as well. It will be nice if you provide link to that, I have never had that on my chart as I never have much focus in news...but when the news comes up, one must still go to fore factory to see the numbers right? Or does it show on the chart?
Some other project came up and took my attention, so my not be here very often..but they way you analyse the market is nice.
Keep the good flag flying!
  • #30,883
  • Feb 4, 2020 6:11am Feb 4, 2020 6:11am
Quoting naustingfx
{quote} Hi Nice ride, but entry seem to be late, entry...as that can tell on stop loss or risk reward...nice to see upcoming news events show on your chart, that is a nice indicator and a handy tool as well. It will be nice if you provide link to that, I have never had that on my chart as I never have much focus in news...but when the news comes up, one must still go to fore factory to see the numbers right? Or does it show on the chart? Some other project came up and took my attention, so my not be here very often..but they way you analyse the...
Entries are a problem for me as we are in uptrend so the 21 could turned price back up for some more, hence I usually wait till the 21 is crossed.
GA spiked and took out my trailing stop +151 pips. News indi is attached and yes you need the news events actual results. This can be found on FF or another website like investing.com. I get these notifications direct to my mobile in case I am not at my screen.
Attached File(s)
File Type: ex4 News_Events.ex4   128 KB | 116 downloads
  • #30,884
  • Feb 4, 2020 6:28am Feb 4, 2020 6:28am
Quoting 40PipsAlan
{quote} Entries are a problem for me as we are in uptrend so the 21 could turned price back up for some more, hence I usually wait till the 21 is crossed. GA spiked and took out my trailing stop +151 pips. News indi is attached and yes you need the news events actual results. This can be found on FF or another website like investing.com. I get these notifications direct to my mobile in case I am not at my screen. {file}
The golden rule to trade counter trend is to do that at strong support and resistance levels, do that and your issues will vanish...then make sure your risk reward of 1:1 is extracted while you may choose to allow remaining position to run if need be! THAT IS THE CHEAT SHEET OF CONUTER TREND TRADING!
Smile!
  • #30,885
  • Feb 4, 2020 6:33am Feb 4, 2020 6:33am
This one looking good too. Must have been some good AUD news somewhere, or was it all the cash that China is ploughing in.
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  • #30,886
  • Feb 4, 2020 8:17am Feb 4, 2020 8:17am
Good targets in white, in blue a good resistance, if it passes easily through it, it tends to come back to test.
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  • #30,887
  • Feb 4, 2020 11:52am Feb 4, 2020 11:52am
still hanging on in there, come on baby you can do it.
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  • #30,888
  • Feb 5, 2020 8:30am Feb 5, 2020 8:30am
Quoting 40PipsAlan
still hanging on in there, come on baby you can do it. {image}
Hi 40PipsAlan

What were your reasons for selling this par?
  • #30,889
  • Feb 5, 2020 8:41am Feb 5, 2020 8:41am
Quoting luvac
{quote} Hi 40PipsAlan What were your reasons for selling this par?
Mostly a close over the 21 EMA and a fair gap to some support. Nausting says my entry was late but I need to confirm it is going down even tho the macd gives a sell signal. Trading from the macd alone gets you burnt says Phil and we just use that for confirmation. Us that don’t know PA that well usually end up going in late. A RT can sometimes turn into TC and my last EC short did just that.
  • #30,890
  • Feb 5, 2020 10:06am Feb 5, 2020 10:06am
Quoting 40PipsAlan
{quote} Mostly a close over the 21 EMA and a fair gap to some support. Nausting says my entry was late but I need to confirm it is going down even tho the macd gives a sell signal. Trading from the macd alone gets you burnt says Phil and we just use that for confirmation. Us that don’t know PA that well usually end up going in late. A RT can sometimes turn into TC and my last EC short did just that.
Sorry, my English is not very good

I don't understand, what do you mean with "fair gap", Your entry was where I put the blue line?.

Thanks for your attention
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  • #30,891
  • Feb 5, 2020 10:22am Feb 5, 2020 10:22am
Quoting luvac
{quote} Sorry, my English is not very good I don't understand, what do you mean with "fair gap", Your entry was where I put the blue line?. Thanks for your attention {image}
My SL was above the swing high so I needed that distance from SL to my entry point and the same again to get my TP for a 1:1 RR. I put my TP somewhere near the 89 SMA (red line) as the best exit point but closed the trade before that when price started struggling for +121 pips which is just over 1:1 RR
Fair gap = enough room for TP
  • #30,892
  • Feb 5, 2020 10:57am Feb 5, 2020 10:57am
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 naustingfx, I am interested, please include me
  • #30,893
  • Feb 6, 2020 7:26am Feb 6, 2020 7:26am
Hidden divergence from bearish continuation.
I really like the annual pivot points, they are the white lines.
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  • #30,894
  • Feb 6, 2020 10:20am Feb 6, 2020 10:20am
Quoting Sorobanista
Good targets in white, in blue a good resistance, if it passes easily through it, it tends to come back to test. {image} {image}
I didn't sell it because it didn't pass the entry level, I was very excited about the candle pattern that I didn't see other things.
If I had used the bands I would have seen that it would go up because the market is not volatile.
As it reached the average of 20, now all that remains is to go to the other band or go down, as it is on its side it will probably go up.
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  • #30,895
  • Feb 6, 2020 3:53pm Feb 6, 2020 3:53pm
EU and GU are correlated currencies.
They are in strong support right now.
The known 0.382 (EU) and 0.764 (GU) which are natural.
Some like the idea of the square root of some fibo, then the levels 88.6% and 78.6% arise.
That if using naturals they would use 0.854 and 0.764.
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  • #30,896
  • Feb 7, 2020 8:21am Feb 7, 2020 8:21am
Ok guys here we go. Trade results for the week on my demo account. We have hit the magic 5R profit for the week and more. In fact it is 6.67R (over 13% with 2% trades) so well happy this week with 3 consecutive weeks of profit. All trades closed apart from a long on Brent which is just consolidating, so will keep an eye on it.
Have a good weekend.
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  • #30,897
  • Feb 7, 2020 11:52am Feb 7, 2020 11:52am
Quoting 40PipsAlan
Ok guys here we go. Trade results for the week on my demo account. We have hit the magic 5R profit for the week and more. In fact it is 6.67R (over 13% with 2% trades) so well happy this week with 3 consecutive weeks of profit. All trades closed apart from a long on Brent which is just consolidating, so will keep an eye on it. Have a good weekend. {image}
impresive results
you can post some of trades in this week end?
I didnt started this method but I read about it in pdfs
I trade another method from other thread and if I can make that method and this method work its a dream come true
two methods its enough, one with lower time frame and one with higher time frame
you motivate me
  • #30,898
  • Feb 7, 2020 1:43pm Feb 7, 2020 1:43pm
GA trade this week. counter trend, close back over the 21 and stopped out by trailing stop EA. Jumped on it again today to get back into the trend for another 18 pips but got stopped out. +169
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  • #30,899
  • Feb 7, 2020 1:52pm Feb 7, 2020 1:52pm
EA trade much the same as the GA. Entry was close over the 8 EMA and pair looked a it maxed out anyways, bit of a gamble I guess.
+170 for 2 trades
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  • #30,900
  • Feb 7, 2020 2:11pm Feb 7, 2020 2:11pm
AU trade this week. 2 X Late entry close over the 21 but still made some pips. +42
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