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4 Hour Strategy (MACD)

  • #30,901
  • Feb 7, 2020 12:22pm Feb 7, 2020 12:22pm
AC trades X 2. much the same as all the others. +64
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  • #30,902
  • Edited 1:34am Feb 9, 2020 1:14am | Edited 1:34am
I have a PM about RR management. I use the indi attached from FF very own programmer named Swingman. The settings are simple to use:-
Select the account mode as account balance to use the whole trading account value or cash amount to use a fixed trading amount like myself using 10K from the demo account balance. Then select how much % you want to risk per trade. In my case its 2%
On the chart drag the SL point to where you want it along with your entry point and the lines will move accordingly to show you your lotsize and TP levels 1, 2 etc.
When you place your trade just enter the lotsize shown on the chart along with your SL value and required TP point.
By using the same amount per trade its easy to work how many R profits you have achieved for the week. The Trade report indi is also attached so you can see how well you have performed for the week. Drop it on a blank chart and set it "just this weeks trades". The % win ratio shown on the trade report is based on the total account value so if you use a fixed amount on the RR calculator you will need to work this % win for yourself. Divide your total profit for the week by your trade amount will give your RR for the week. My % winrate over the last 3 weeks have been 3%,9.5% and 13.4% so things are improving
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Attached File(s)
File Type: ex4 smTMMS RR-Calculator_v1.1.ex4   22 KB | 168 downloads
File Type: ex4 TradeReport_compact - v.1.04.ex4   121 KB | 160 downloads
File Type: mq4 TradeReport_compact - v.1.04.mq4   153 KB | 192 downloads
  • #30,903
  • Feb 9, 2020 10:24am Feb 9, 2020 10:24am
Ok Guys lets have some EU analysis for tomorrow. No red news happening. On the daily we are sitting on a support trendline and a reversal is possible here.
On the H4 we have the same picture. PA doesn't look to be showing a trend reversal just yet so options that I can see are wait for a pullback to the 8 or 21 EMA and go short from there or wait for a trend reversal signal and go long. My gut feel is to leave this pair and look for trade elsewhere.
Open to other ideas on this pair?
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  • #30,904
  • Feb 9, 2020 10:26am Feb 9, 2020 10:26am
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  • #30,905
  • Feb 9, 2020 10:34am Feb 9, 2020 10:34am
Quoting MalvernTrust
{image}
sign me up
  • #30,906
  • Feb 10, 2020 1:31pm Feb 10, 2020 1:31pm
EU Trade for today. Waiting on a sell signal on the H4 to continue the trend down so jumped on the H1 for a look. It looked very to me like a break thru zero and a continue back down down so jumped in to see what happened. Entered after that macd zero crossing sell arrow. I closed the trade at the support line but should have stayed for more. It tested the 8 EMA again and continued back down again.
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  • #30,907
  • Edited 6:43pm Feb 10, 2020 6:24pm | Edited 6:43pm
Hi everyone please let me join this amazing thread. I've been learning this system for a few months and my trading skill has been improved a lot – thanks to Phillip Nel!

But I need a little bit help from you guys (my English is not so great so please bear with me)

I took AUDCAD short yesterday (marked with red vertical line), it bounced off of 21 ema (market rhythm) and it's also below the 89 sma but I got stopped out for about -20 pips. What went wrong with my entry from technical point of view? My guess is that, that previous large bullish candle is the main reason why the price went up.
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I also just took EURGBP long, the price ignores the moving averages so I estabilished the trendlines, it touched the lines 4 times so I guess the pattern has completed and I decided to go long. What do you think about that?
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I would appreciate your inputs a lot. Thank you!
  • #30,908
  • Feb 11, 2020 12:11am Feb 11, 2020 12:11am
Quoting Tuffsy
Hi everyone please let me join this amazing thread. I've been learning this system for a few months and my trading skill has been improved a lot – thanks to Phillip Nel! But I need a little bit help from you guys (my English is not so great so please bear with me) I took AUDCAD short yesterday (marked with red vertical line), it bounced off of 21 ema (market rhythm) and it's also below the 89 sma but I got stopped out for about -20 pips. What went wrong with my entry from technical point of view? My guess is that, that previous large bullish candle...
That AC trade was making a RB on the macd so heading upwards and with the coloured bars on my macd being green so i would be looking to go long here. with the MA all in the way it probably means a long is also out of the question too. It is now touching the 89 so we might get a short signal very soon.
That EG trade has too many MA and trend lines bunched up. I would wait for a decent breakout on that one.
We are all still learning
  • #30,909
  • Feb 11, 2020 12:16am Feb 11, 2020 12:16am
Heres a lucky trade from last night on the GA hourly chart. Price in the ranging zone 89 and 200 and just crossing the 21 to head back down to the 89 like the last swing. I put my TP in between the 89 and 365 and SL above the weekly PP. Collected +50 while i slept.
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  • #30,910
  • Feb 11, 2020 12:28am Feb 11, 2020 12:28am
Quoting 40PipsAlan
{quote} That AC trade was making a RB on the macd so heading upwards and with the coloured bars on my macd being green so i would be looking to go long here. with the MA all in the way it probably means a long is also out of the question too. It is now touching the 89 so we might get a short signal very soon. That EG trade has too many MA and trend lines bunched up. I would wait for a decent breakout on that one. We are all still learning
Thanks for your comment Alan! I don't look at the MACD a lot so yeah I wasn't aware of that, I mainly use it for the divergence. The EURGBP trade is a bit risky indeed but it has a nice R:R so it's worth a try for me.

Good luck for you today, would like to see your trading results more.
  • #30,911
  • Feb 11, 2020 1:08am Feb 11, 2020 1:08am
Heres a trade I am in on the AU. Going against the trend with a higher low and a close above the 21, green bar above zero on the macd. Price looks to be coming back to retest the 21. My TP is at the 89. Market rhythm might play out on this one.

On the left hand side the price come down below the 89 and 200 and came down to point number 2. Then there’s a pull back to the 21EMA. Then the price closes above the 21EMA and then it back below the 21EMA and point number 3. And then it closes back up at the 89. That is the rhythm at the end of either a down move or an up move
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  • #30,912
  • Feb 11, 2020 2:04am Feb 11, 2020 2:04am
Quoting 40PipsAlan
Heres a trade I am in on the AU. Going against the trend with a higher low and a close above the 21, green bar above zero on the macd. Price looks to be coming back to retest the 21. My TP is at the 89. Market rhythm might play out on this one. On the left hand side the price come down below the 89 and 200 and came down to point number 2. Then there’s a pull back to the 21EMA. Then the price closes above the 21EMA and then it back below the 21EMA and point number 3. And then it closes back up at the 89. That is the rhythm at the end of either a...
I'm watching AUDUSD aswell, this is my anticipation on the 1H chart, would like to enter on bounce.
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  • #30,913
  • Feb 11, 2020 2:13am Feb 11, 2020 2:13am
Quoting Tuffsy
{quote} I'm watching AUDUSD aswell, this is my anticipation on the 1H chart, would like to enter on bounce. {image}
I tend to jump too early and need to get better entries like on the lower TF
  • #30,914
  • Feb 11, 2020 7:12am Feb 11, 2020 7:12am
AUDCHF closed with +20 pips enough to covered my early losers, it's midnight here in Asia so I can't watch the markey any longer.

I still have NZDUSD running though.
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  • #30,915
  • Feb 11, 2020 11:30am Feb 11, 2020 11:30am
AU Long Trade stopped out at BE +2
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  • #30,916
  • Feb 11, 2020 5:16pm Feb 11, 2020 5:16pm
Quoting 40PipsAlan
AU Long Trade stopped out at BE +2 {image}
That's unfortunate you get stopped out, it seems going up again. But there's always another opportunity to get in again.

Meanwhile NZDUSD is up +60 pips as I write this, it was driven by the news.
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  • #30,917
  • Feb 11, 2020 5:38pm Feb 11, 2020 5:38pm
USDCHF potential short.

It broke the 21 ema, bounced back and now it's (potentially) heading lower with the target of 89/200 SMA.
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  • #30,918
  • Feb 12, 2020 4:27am Feb 12, 2020 4:27am
Quoting Tuffsy
{quote} That's unfortunate you get stopped out, it seems going up again. But there's always another opportunity to get in again. Meanwhile NZDUSD is up +60 pips as I write this, it was driven by the news. {image}
Yes indeed, Jumped back in again and gonna hang this one out a bit longer, maybe as far as the 200
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  • #30,919
  • Feb 12, 2020 4:28am Feb 12, 2020 4:28am
And similar on this one.
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  • #30,920
  • Feb 12, 2020 10:32am Feb 12, 2020 10:32am
Got myself a new forex signals provider. 25 balls say BUY and the other 25 say SELL. SL is 30 pips and TP is 30 pips. Working well this week.
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