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4 Hour Strategy (MACD)

  • #31,181
  • Apr 19, 2020 11:09am Apr 19, 2020 11:09am
Lets take a looksee at EU then. We have a triangle pattern on the H4 and all the MA are converging together ready for a breakout. The trend is down and price has just bounced off the 21 EMA and is jammed against the botton TL of the triangle. I will probably wait for price to make a lower low below the bottom TL before taking a short. My preference for a long is way off at the moment due to current world conditions.
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  • #31,182
  • Apr 20, 2020 6:38pm Apr 20, 2020 6:38pm
Quoting 40PipsAlan
Ok guys, my AU analysis time could be right or wrong,we will see. I am sure Nausting will put us right either way On the daily we are in a downtrend with a possible retrace back to the 21 EMA. On the H4 we are in an uptrend with numerous bounces off the 365 and with what appears to be a head shoulders formation rejection of the TL from the daily chart. The first 21 EMA close over could be the A wave of an ABC zigzag correction pattern and a B wave back over the 21 EMA again. dragging a fib over this A wave shows the B wave is at the...
Some thing came up on Sunday and took lot of my time so I could not do a full analysis on the pair...even now I am doing it from my tablet...but this is the look of things for me
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  • #31,183
  • Apr 20, 2020 6:42pm Apr 20, 2020 6:42pm
Quoting 40PipsAlan
Ok guys, my AU analysis time could be right or wrong,we will see. I am sure Nausting will put us right either way On the daily we are in a downtrend with a possible retrace back to the 21 EMA. On the H4 we are in an uptrend with numerous bounces off the 365 and with what appears to be a head shoulders formation rejection of the TL from the daily chart. The first 21 EMA close over could be the A wave of an ABC zigzag correction pattern and a B wave back over the 21 EMA again. dragging a fib over this A wave shows the B wave is at the...
The optimum entry for me it the one that will take off from the trend line as shown in my previous post...your entry did not have that back up.
Regards
  • #31,184
  • Apr 21, 2020 6:55am Apr 21, 2020 6:55am
AU looking good for a trip to the 89
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  • #31,185
  • Apr 21, 2020 8:11am Apr 21, 2020 8:11am
Quoting 40PipsAlan
AU looking good for a trip to the 89 {image}
What a nice trade!...I took that wonderful bullish move in Usd/Cad pair since yesterday. Keep it up.
  • #31,186
  • Apr 21, 2020 8:52am Apr 21, 2020 8:52am
Quoting naustingfx
{quote} What a nice trade!...I took that wonderful bullish move in Usd/Cad pair since yesterday. Keep it up.
Trailing stop kicked me out for +72. Didnt quite reach the 89. Never mind.
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  • #31,187
  • Apr 22, 2020 5:46am Apr 22, 2020 5:46am
Quoting 40PipsAlan
{quote} Trailing stop kicked me out for +72. Didnt quite reach the 89. Never mind. {image}
Have you been able to defined those setups and scenarios that will always give you wins...? Just like the AU trade you took...can you easily identify such opportunities always in the future...your answer to this question has a lot to do with your trading...Yes! It has....keep at it.
Cheers
  • #31,188
  • Apr 22, 2020 5:56am Apr 22, 2020 5:56am
Quoting naustingfx
{quote} Have you been able to defined those setups and scenarios that will always give you wins...? Just like the AU trade you took...can you easily identify such opportunities always in the future...your answer to this question has a lot to do with your trading...Yes! It has....keep at it. Cheers
Thanks Nausting, Not sure if that is a compliment or not
I believe our trading problem is based around not knowing PA very well. We see candles testing the 21 and expect a bounce off but then the very next candle crashes thru and takes our SL. We can identify the close over the 21 and a trip to the 89 but anything else is a bit hazy. Waiting on the macd signal is also proving difficult.
We will keep at it of course. Cheers
  • #31,189
  • Apr 22, 2020 6:01am Apr 22, 2020 6:01am
Quoting naustingfx
{quote} Have you been able to defined those setups and scenarios that will always give you wins...? Just like the AU trade you took...can you easily identify such opportunities always in the future...your answer to this question has a lot to do with your trading...Yes! It has....keep at it. Cheers
I can hear a "keep a journal " quote coming my way
  • #31,190
  • Apr 22, 2020 7:37am Apr 22, 2020 7:37am
EJ booked a flight to the 89 guys as its the only plane available these days.
Close up over the 21 and back down again to the 50 fib before heading up. My expectation is the 123.6 fib or better still the 161. the 89 MA is midway between the 2. We shall see.
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  • #31,191
  • Apr 22, 2020 4:06pm Apr 22, 2020 4:06pm
Hi guys, I just resurrected this account from 2011, and I nicely noticed that this method is still used.
I'm re-studing all the stuff starting from page 1.

Can I ask if it is still worth to trade?
Do you have updated something compared to the indicators and criteria explained in page 1?

Thank you for your help

happy pips
  • #31,192
  • Apr 22, 2020 4:15pm Apr 22, 2020 4:15pm
Quoting beascalper
Hi guys, I just resurrected this account from 2011, and I nicely noticed that this method is still used. I'm re-studing all the stuff starting from page 1. Can I ask if it is still worth to trade? Do you have updated something compared to the indicators and criteria explained in page 1? Thank you for your help happy pips
Welcome back, we was getting a bit lonely in here with a lack of traders to bounce ideas off but to answer your question the system is still valid and making money. The only real change has been the use of a coloured macd indicator, I think it’s called macd coloured v1.02. There’s a couple newer than that but all very similar.
  • #31,193
  • Apr 22, 2020 4:21pm Apr 22, 2020 4:21pm
Hey Alan, thank you for your reply!

Perfect, so I will resume all my stuff and get back to work...will try to be operative asap and share my ideas with you guys!

  • #31,194
  • Apr 23, 2020 9:37am Apr 23, 2020 9:37am
Quoting 40PipsAlan
{quote} I can hear a "keep a journal " quote coming my way
The Spirit has spoken to you...and that is the point I have being stressing to all of you all the while...I am happy you have figured it out now...I am as well surprise you have not being doing that...but it is well. What matters is that you have figured it out! Congratulations! I hope you make it sooner.
God be praised!
Cheers!
  • #31,195
  • Apr 23, 2020 1:13pm Apr 23, 2020 1:13pm
Hi guys,

As Beascalper, I also resurected my account and I'm re-studying all the lessons in page 1 and other aditional documents.
I'm using MTQ5 but I can't find in the tread how is the config to the MACD Colored for this version, anywway I hope to learn lots from you and also to share my short expirience.

Thanks and nice day!
  • #31,196
  • Apr 23, 2020 2:27pm Apr 23, 2020 2:27pm
Quoting Canudo
Hi guys, As Beascalper, I also resurected my account and I'm re-studying all the lessons in page 1 and other aditional documents. I'm using MTQ5 but I can't find in the tread how is the config to the MACD Colored for this version, anywway I hope to learn lots from you and also to share my short expirience. Thanks and nice day!
Maybe this will do it. I don't use MT5 yet
Attached File(s)
File Type: zip MACD-Histogram-multi-color-v04-indicator-for-MetaTrader-5.zip   2 KB | 240 downloads
  • #31,197
  • Apr 24, 2020 6:24am Apr 24, 2020 6:24am
Hi Guys, I have been a follower of this tread many years ago. After a long break, I decided to get back into trading and would like to put this strategy into place again. Thank you for the MACD Indicator, much appreciated. I am not using Metatrader 5, so was wondering why I cannot get the MACD setting to work on my normal platform... Any recommendations? I will be following the tread and look forward to contribute to this tread too. Any chace of setting up a skype or discord group chat for those who are really interested in trading this system together?
  • #31,198
  • Apr 24, 2020 6:57am Apr 24, 2020 6:57am
Looking specifically if I can find this strategies indicators on www.tradingview.com Should anyone be able to help me out with this, it will be much appreciated!!!!
  • #31,199
  • Apr 24, 2020 1:18pm Apr 24, 2020 1:18pm
Guys, tough week for me with lots of chop. Managed just under 2% increase on the account. I am going to start doing screenshots so I can pinpoint where I am making mistakes and identify areas of improvement. More trade planing and execution required.Have a good weekend.
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  • #31,200
  • Apr 24, 2020 4:23pm Apr 24, 2020 4:23pm
Quoting SuidAfrika
Looking specifically if I can find this strategies indicators on www.tradingview.com Should anyone be able to help me out with this, it will be much appreciated!!!!
I don't use trading view...but I did a little search through google and that was it...check it out here: https://www.tradingview.com/wiki/Moving_Average. And read to the end to get full excellent details.
Good luck!
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