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4 Hour Strategy (MACD)

  • #4,001
  • May 3, 2007 9:56am May 3, 2007 9:56am
Do you know Stē Thomas Sentence?
"DO WHAT I SAY AND NOT WHAT I DO!!"

I just DID!

When price reaches my Bottom Trendline I went Long with a tiny lot.

I suppose that resistence will be good for Today.
For now already 13 pips, but I will try to a recover until 1.3577.

SEE THE TRENDLINE AT BOTTOM!!

MIKE
"The CRAZY ONE"
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  • #4,002
  • May 3, 2007 10:43am May 3, 2007 10:43am
Well at least for USD based currencies, they are almost guaranteed to be pretty quiet today, so I'm out until next Monday unless something really tempting shows up. I'm not playing with NFP.
  • #4,003
  • May 3, 2007 10:47am May 3, 2007 10:47am
Quoting BoredToLoose
Do you know Stē Thomas Sentence?
"DO WHAT I SAY AND NOT WHAT I DO!!"

I just DID!

When price reaches my Bottom Trendline I went Long with a tiny lot.

I suppose that resistence will be good for Today.
For now already 13 pips, but I will try to a recover until 1.3577.

SEE THE TRENDLINE AT BOTTOM!!

MIKE
"The CRAZY ONE"
Mike, this may wind up a good trade, but just be careful--it seems like you're just making trades because you "feel" that it will change direction... but the bar is still open... now, if you switch to 1HR or 30Min and those tell you something, fine. But remember, trendlines do not "contain" the market price--the market sets the price, and WE USE the trendlines.... trendlines are meant to be broken, so don't assume that when price touches one that it has to run the other way! With a very strong support/resistance line, then you have good confirmation of other signals, but when price has hit the line just once or twice, don't assume it's strong support...
  • #4,004
  • May 3, 2007 10:49am May 3, 2007 10:49am
Quoting Nacho_1975
Looks like MACD will gave us a couple of signals... I am a bit confused at this moment...

I think I will stay out, unless someone is seeing something I am not...

Any idea??

thanks
Phillip, we need your help. Would you take signals due this news release considering tomorrow Nonfarm payrolls?
  • #4,005
  • May 3, 2007 10:57am May 3, 2007 10:57am
Quoting Phillip Nel
It is difficult to answer this one except for NFP and Interest. I stay on the sideline for those 2. Other news it looks like that the MACD support the news beforehand more times than not. I have not really done that study but it could be worth it to see if it is worth believing the movement before the news comes out and the MACD gives a signal. The UsdChf gave signal yesterday so there was plenty of time to manage the trade. The EurUsd MACD supported the news in the candle before the news. I found in my backtesting taking signals as it comes totaly ignoring news it produces good results.
Ira:

Hope this helps...
  • #4,006
  • May 3, 2007 11:12am May 3, 2007 11:12am
Quoting turk87
Alcastro and others, I noticed this system has not been giving very good signals to me the past month and a half (eur/usd especailly). How have you been doing trading it?
Hi Turk!

I don't usually trade eur/usd (it annoys me )....but, I do watch it...I think that it has been giving marginal signals because the trend is tired & price action has been marginal (but many trader's have done well with capturing pips...look back at Palmer's posts especially).

I did really super last month w/MACD (over 700 pips for the month). But, I have to admit, that I "cheat" and confirm TC, RB & RT 1 hour...It is very rare when I enter a RB/RT signal from 4 hour unless it coincides w/S&R. Truly, the "magic" of this system comes from studying price action. I've had four trades this week that were based on TL & price relation to MA's per system rules....2 G/U trades that netted 80 pips and 100 pips per lot...and 2 swissie trades that netted 60 pips and 50 pips per lot (I am on "vacation" so I used entry orders based on chart patterns and interplay of price w/MA's)....so, I'm up almost 300 pips this week because of this system.

Happy trading! Remember to keep the motion of the market in mind before trading (& emotion too!).

Pips
  • #4,007
  • May 3, 2007 11:27am May 3, 2007 11:27am
I think that system dosn't good times of uncertainty
i tried it trendable times
& in sideways dosn't work
  • #4,008
  • May 3, 2007 11:41am May 3, 2007 11:41am
Looks like we have a TC .. I would take it if we were not at the door of the NPF.

I think I will be out unitl Next Monday.

Nacho
  • #4,009
  • May 3, 2007 11:42am May 3, 2007 11:42am
Quoting ihossny
I think that system dosn't good times of uncertainty
i tried it trendable times
& in sideways dosn't work
Hi ihossny,

You mean directionless market, correct? The reason I ask is b/c MACD works extremely well in ranging market (you avoid consolidation patterns), and is harder to trade in trending market when taking counter-trend trades (just my opinion ). But, again, it is my opinion, that the key is to read the price action..."the emotion" of the market and filter our trades accordingly.

Hope your trades are all profitable in the weeks ahead!
  • #4,010
  • May 3, 2007 11:56am May 3, 2007 11:56am
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File Type: zip Daily Wrapup 3May2007.zip   844 KB | 1,466 downloads
  • #4,011
  • May 3, 2007 3:06pm May 3, 2007 3:06pm
I ended the week me too. Great first week! Netted 99.6 pips for one lot with zero loosing trades. Thanks Philip!!!
I was reading your pdf-s. I find them great and your strategy too. I wonder what makes you posting and sharing the result of so much work with so many people??? To be honest i would never have done it. Aren't you afraid that big dogs will hunt your strategy when too many people place the SL on the same levels?
  • #4,012
  • May 3, 2007 3:25pm May 3, 2007 3:25pm
Quoting ttitto
Aren't you afraid that big dogs will hunt your strategy when too many people place the SL on the same levels?
Let's say 500 traders come to this forum (an exaggeration), stick with it (not likely), and all place 10 standard lots each at the same time, same S/L's, etc... that's 5000 standard lots. Do you think that 5000 lots means anything in the big 2 trillion USD per day market? It's a fraction of a percent, and we don't matter to the "big dogs"... they will make their money off people who trade in the hundreds/thousands of lots per time...
  • #4,013
  • May 3, 2007 3:33pm May 3, 2007 3:33pm
I've heard some of you guys talking about the skype chat... are you guys still doing this? How can I join?
  • #4,014
  • May 3, 2007 3:42pm May 3, 2007 3:42pm
Quoting JoshDance
Let's say 500 traders come to this forum (an exaggeration), stick with it (not likely), and all place 10 standard lots each at the same time, same S/L's, etc... that's 5000 standard lots. Do you think that 5000 lots means anything in the big 2 trillion USD per day market? It's a fraction of a percent, and we don't matter to the "big dogs"... they will make their money off people who trade in the hundreds/thousands of lots per time...
Sure, but almost all of us use the same brokers. They are also danerous. if we have 1000 lots wth the same Sl they will sure move prices to hit it. I had an account with a broker that made 90 pips spike to catch my SL with 5 standart lots on the GBPCHF during asian session.
  • #4,015
  • May 3, 2007 3:46pm May 3, 2007 3:46pm
Hi Josh, I don't know what is going on with the chat, but the last 3 days did not work. Here is the url...

http://ui.skype.com/ui/0/3.1.0.144/e...T7Gp_-AjQF23tQ


Phil, we need your help here.

thanks
Ignacio



Quoting JoshDance
I've heard some of you guys talking about the skype chat... are you guys still doing this? How can I join?
  • #4,016
  • May 3, 2007 3:49pm May 3, 2007 3:49pm
Quoting JoshDance
I've heard some of you guys talking about the skype chat... are you guys still doing this? How can I join?
nacho_1975 sent a link for he chat room but it is unavailable. i tried to enter but impossible. I made another chat room but there is nobody there. here is the link if somebody wants to discuss something about the 4H MACD strategy
http://ui.skype.com/ui/0/3.1.0.152/e...ESf88_rcXKfe0g
  • #4,017
  • May 3, 2007 3:58pm May 3, 2007 3:58pm
do you really think they can move the market by 90 pips to hit your SL??

I don't think they can do that...I know they can play with the spread... but move the market 90 pips... that it too much.. IMHO

Thanks


Quoting ttitto
Sure, but almost all of us use the same brokers. They are also danerous. if we have 1000 lots wth the same Sl they will sure move prices to hit it. I had an account with a broker that made 90 pips spike to catch my SL with 5 standart lots on the GBPCHF during asian session.
  • #4,018
  • May 3, 2007 4:38pm May 3, 2007 4:38pm
Quoting Nacho_1975
do you really think they can move the market by 90 pips to hit your SL??

I don't think they can do that...I know they can play with the spread... but move the market 90 pips... that it too much.. IMHO

Thanks
I do not think it. I tell you what I saw on my real account. the price jumped in a single move 2 pips above my SL level, took it and then reversed to the previous price. Have never seen my money again and took the rest from that broker. But it is off topic here and it is something that happens often with mt4 brokers. It was on the 29th may 2006 and doesn't deserve more talk about!
  • #4,019
  • May 3, 2007 5:12pm May 3, 2007 5:12pm
WOW

Quoting ttitto
I do not think it. I tell you what I saw on my real account. the price jumped in a single move 2 pips above my SL level, took it and then reversed to the previous price. Have never seen my money again and took the rest from that broker. But it is off topic here and it is something that happens often with mt4 brokers. It was on the 29th may 2006 and doesn't deserve more talk about!
  • #4,020
  • May 3, 2007 5:17pm May 3, 2007 5:17pm
Quoting Phillip Nel
Info
Hi Phil!

In the audio you said you would have taken the cable short in the afternoon. If you entered on the close of this candle, where would you put your stoploss? Due to the news the candle was rather long and the bottom of the trend was not that far away.
Another question. If you were already in a trade at that time because you traded the news. Would you hold this trade when it seems that the 4h-macd system will give a signal soon and take it as a 4h-trade?

Thanks in advance and best regards!
Chandsen
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