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4 Hour Strategy (MACD)

  • #3,761
  • Apr 25, 2007 4:47pm Apr 25, 2007 4:47pm
Quoting BoredToLoose
Many Thanks Pips,

Until I discovered this method I have loosed 50% of my account in 20 Days.
Then I take a pause to learn all about this great method, a BIG gift from Phillip, then If I can win more than loose, I'll change the nick

My 4Hour MACD it is given a small signal, but I think 162.00 will be a strong R1 at least for now.

bye

MIKE
Wow! You don't mind if I call you B2L, do you?

Losing 50% of your account in 20 days has nothing ABSOLUTELY NOTHING to do with being a born winner or its opposite. Instead, it has to do with not knowing how to trade (which takes a lot of time to learn)...It is about learning the basic technical skills...learning patience and discipline...and most importantly, learning money management!!! These are all difficult to learn and they take time!

I think you are a born winner. Want to know why? (I'm going to tell you anyway)...hehe...gotta love forums, eh? ...I think you are a winner b/c you didn't blow through your whole account. Because you realized that you had to learn to trade....Because you are trying to become skilled. Please, let me know if I can help you in any way (not that I've got any skills other than I can type fast...hehe) .

No matter how this trade turns out...you still planned it and that is 50% of the battle (and I really like your scaling plan and your stop...Also, price is closing at or below IT Low of the highest peak...which I take as a good thing. Just wish MACD signal was stronger...but you are already up 20 pips...Again...WINNNNNNNNNNNNNER!

I'll stop now....hope I made you smile...and didn't make you mad...

Pips
  • #3,762
  • Apr 25, 2007 4:53pm Apr 25, 2007 4:53pm
Hey bored, got to wait on that 4 hr jobbie. But, if we get a red candle to close below 161.71 It got a good chance.

Jim
  • #3,763
  • Apr 25, 2007 5:02pm Apr 25, 2007 5:02pm
Quoting pips4uandme
Wow! You don't mind if I call you B2L, do you?

Losing 50% of your account in 20 days has nothing ABSOLUTELY NOTHING to do with being a born winner or its opposite. Instead, it has to do with not knowing how to trade (which takes a lot of time to learn)...It is about learning the basic technical skills...learning patience and discipline...and most importantly, learning money management!!! These are all difficult to learn and they take time!

I think you are a born winner. Want to know why? (I'm going to tell you anyway)...hehe...gotta love forums, eh? ...I think you are a winner b/c you didn't blow through your whole account. Because you realized that you had to learn to trade....Because you are trying to become skilled. Please, let me know if I can help you in any way (not that I've got any skills other than I can type fast...hehe) .

No matter how this trade turns out...you still planned it and that is 50% of the battle (and I really like your scaling plan and your stop...Also, price is closing at or below IT Low of the highest peak...which I take as a good thing. Just wish MACD signal was stronger...but you are already up 20 pips...Again...WINNNNNNNNNNNNNER!

I'll stop now....hope I made you smile...and didn't make you mad...

Pips
Pips,

I am what you can call a very Agressive Trader, Or win 10.000€ in one Month or Loose all the money.

Of course that my acount it was only 3.000, and I assume all that risk.

I have papertrading using only my heart and Head when papertrading, and with an account of only 3000, I closed the month with 12000.
For example I have won 3600 with one unique trade with 6 lots.
My trades was only with 3 or 6 lots, you can won lot of money or loose as you can imagine, but all that was for FREE.

When I start with real money disaster started in the first day, then I loose my calm in the next days and 1500 was gone.

That's why I am here!

NEVER DO WHAT I JUST MENTIONED BEFORE!!

MIKE
  • #3,764
  • Apr 25, 2007 5:08pm Apr 25, 2007 5:08pm
I think the EURO$ has decided to stop trading for the day...zzz...zzz
  • #3,765
  • Apr 25, 2007 5:10pm Apr 25, 2007 5:10pm
Quoting hard1head1
Hey bored, got to wait on that 4 hr jobbie. But, if we get a red candle to close below 161.71 It got a good chance.

Jim
My Metatrader just close the candle 9 minutes ago and look good signal.

bye
MIKE
  • #3,766
  • Apr 25, 2007 5:13pm Apr 25, 2007 5:13pm
alcastro:

Hope you do well on the dayly, that can't be right...daily...? Hope you do well on the next higher MT4 chart time frame greater than the 4hr...how's that?

Please continue to stop by
  • #3,767
  • Apr 25, 2007 5:21pm Apr 25, 2007 5:21pm
Hey Bored, Thanks for the look into the future.

Jim
  • #3,768
  • Apr 25, 2007 6:23pm Apr 25, 2007 6:23pm
Hey, I just Short now at 237.34 GbpJpy, but with tiny trade like 0.3 or 0.5, this cross it is very nasty.

I use other system to this Cross. NO MACD HERE! Just a tip!

TP 236.87 with SL 237.67.

I have another open trade

UsdChf
Long 1.2036
TP 12087

Let's see if I won all ones.

MIKE
  • #3,769
  • Apr 25, 2007 6:28pm Apr 25, 2007 6:28pm
Hey Mike, now I understand what you meant with aggressive trader..

Good Luck.. I wish you could won all of them

Ignacio

Quoting BoredToLoose
Hey, I just Short now at 237.34 GbpJpy, but with tiny trade like 0.3 or 0.5, this cross it is very nasty.

I use other system to this Cross. NO MACD HERE! Just a tip!

TP 236.87 with SL 237.67.

I have another open trade

UsdChf
Long 1.2036
TP 12087

Let's see if I won all ones.

MIKE
  • #3,770
  • Apr 25, 2007 6:34pm Apr 25, 2007 6:34pm
Ya know, I just looked at the calendar and the JPY has nine news releases tomorrow...could this be keep all the majors in check? I'm no ekonomyst but wondering if we won't see any movement until tomorrow...where's BurgerKing????
  • #3,771
  • Apr 25, 2007 6:49pm Apr 25, 2007 6:49pm
Hi All,
Anyone considering enter to EURJPY?
My 4h candel will close in 13 mins, and looks a nice RT.
It' counter trade, so I don't expect to many pips

Entry: 161.70 aprox...1st target 161.47 SL: 162.02

Comments?
  • #3,772
  • Apr 25, 2007 6:55pm Apr 25, 2007 6:55pm
Quoting Nacho_1975
Hey Mike, now I understand what you meant with aggressive trader..

Good Luck.. I wish you could won all of them

Ignacio
I have an 3000 account, now only 1900, but hope soon 3000 again, and this account it was to trade very aggresive, and then I have other account, this one to trade CFD's mostly index CFD like DAX, DOW or Nikkei and small forex lots and only MACD and this account I am not aggresive at all.

IF the 3000 account reach ZERO, no more aggresive trade from me.
But even in this account I trade now with more cautious.

BYE Ignacio.

MIKE
  • #3,773
  • Apr 25, 2007 6:56pm Apr 25, 2007 6:56pm
Hello everyone, this thread is really fantastic and I am just beginning. What I am wondering is how you set up the MA's I dont have the mq4 for either kind of moving averages, and I looked all over the net. Do you use the program to make them? Any help or downloads would be appreciated.

Thanks.
  • #3,774
  • Apr 25, 2007 7:06pm Apr 25, 2007 7:06pm
sublime: what charting software are you using?
  • #3,775
  • Apr 25, 2007 7:35pm Apr 25, 2007 7:35pm
Quoting Palmer
sublime: what charting software are you using?
whatever you use I can get, because I dont have any chat software right now, however if you have a few tips I would very much like them.

Thanks
  • #3,776
  • Apr 25, 2007 7:53pm Apr 25, 2007 7:53pm
Quoting Nacho_1975
Hi All,
Anyone considering enter to EURJPY?
My 4h candel will close in 13 mins, and looks a nice RT.
It' counter trade, so I don't expect to many pips

Entry: 161.70 aprox...1st target 161.47 SL: 162.02

Comments?
Nacho its a good setup. I'm waiting for the 1H candle to close on this one. the current 1H candle looks like its going to close below the trend line as well. we'll see. MACD angle is very good.
  • #3,777
  • Apr 25, 2007 8:26pm Apr 25, 2007 8:26pm
Hello folks, Phillip, great thread and happy to be a part of it.

Looks like a RB might be on the way soon for usdcad as shown here...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_042507.jpg Size: 79 KB
  • #3,778
  • Apr 25, 2007 8:29pm Apr 25, 2007 8:29pm
This is the 1hr version of the same chart I posted above...no contrary TC signal to offset the (possibly) upcoming 4hr RB..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_1hr_042507.jpg Size: 71 KB
  • #3,779
  • Apr 25, 2007 8:33pm Apr 25, 2007 8:33pm
And finally the daily graph...there's a red horizontal line I've drawn that seems to indicate some sort of long-term S/R levels around this area which seems to support the 4hr RB if it comes. I think I'll keep watching and see what the MACD says in 30 minutes or so.

Comments please would be appreciated..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_daily_042507.jpg Size: 74 KB
  • #3,780
  • Apr 25, 2007 8:41pm Apr 25, 2007 8:41pm
Quoting weghio
And finally the daily graph...there's a red horizontal line I've drawn that seems to indicate some sort of long-term S/R levels around this area which seems to support the 4hr RB if it comes. I think I'll keep watching and see what the MACD says in 30 minutes or so.

Comments please would be appreciated..

I will wait to close two more candles too see it R/R it is worthly!

Bye
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