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4 Hour Strategy (MACD)

  • #4,801
  • May 30, 2007 12:36pm May 30, 2007 12:36pm
Quoting pips4uandme
Hi Mike,

I sent you a PM.....hope it went through (the first two got broken up by my connection...hope you didn't get three messages from me...EEEk!! )

Glad your not giving up....patience is the Key......and lastly.....taking a break to re-group is a good idea. Get your head back together! (I'm throwing darts at the donkey now....stupid donkey!...donkey = market)....hope you smiled....see you when you have renewed yourself and are ready to start trading again.

Pips
I have read you PM, Many Thanks.
That trade hurt me, but not killed me, let's see how much time I need to recover.

To all that wants to win in one single day what needs one month to win, that's what happens.

I'll be back! "Arnold Sch......."
Bye to all Guys, and try to win some pips, in my "memory", OK!

MIKE
  • #4,802
  • Edited 12:54pm May 30, 2007 12:48pm | Edited 12:54pm
Quoting Phillip Nel
We were offered the oppertunity to have our own sub forum where we can have some threads under it. Do you people think we must do it. It is up to you to decide and give some suggestions as to what and how we are going to run it if we decide to do so. The name issue etc.
Thanks
Phillip
Most excellent, Phillip, as long as it doesnt make more work for you,and again we all appreciates ALL that you doe for us.
  • #4,803
  • May 30, 2007 1:00pm May 30, 2007 1:00pm
Quoting Dropplan
BTL,
This is going to be a little harsh but it is exactly what you need if you want to be a successful trader; it is ALL UP TO YOU. HOW BAD DO YOU WANT IT?

After reading your post I became very angry for you. If there is anything that it is an absolute must for success in trading (OR in life in general ) it is to have a positive attitude. I know you have heard that before. But how does one achieve a "positive attitude"? A little success doesn't hurt. That success is outlined in a gorgeous system hand fed to you by Phillip. FOLLOW IT! Every word. But there are hundreds of systems. The difference between success & failure is very simple. Follow the system! Phillip has already proven to us all that it works and he did all the hardwork for us.

But more than the system itself it is YOU. YOU are the secret to your own success. And the secret is all about positive thoughts, actions, words (written or verbalized) and body language. BTW, lose the screen name and come up with a positive one.
There is a great DVD entitled "THE SECRET", as many of you probably already know. It talks exactly about what you need and will change you forever. In fact I would suggest it to all traders as part of there "trading psychology" library(which is probably the most important but least covered).
The entire concept of the SECRET has been around for centuries and in fact I have read about it in numerous trading books by successful traders but the name it is given is different. The basic idea is the"Law of positive attraction". Positive attracts positive & negative attracts negative. Take a look at your own circle of friends and then examine the common traits of both the ones who are successful and the ones who are not. I can tell you right now it is this difference of being positive or negative.
Have you ever noticed the people who use the phrases "just my luck" or "I could never do that" or "Why does it always happen to me?" Those are just a few examples but I think you get the idea. You are what you think you are....AND YOU ARE A WINNER!
Now, the first thing you are going to do is get the DVD "The Secret", watch it, then watch it again, and again..... I try to watch it at least once a week for inspiration and it clears your mind and you are ready to trade again.

Good Luck and YOU WILL SUCCEED !

Many Thanks for all your words.
I know I have to be more positive.
I have started trading forex, because now I have time to do that, I do not know if the majority of traders here are 100% traders or have a JOB, but I lost my JOB, why? Sorry but it's "The Secret"
If I can win about $2000USD per month it is very good and I do not need more money to have a nice life here in Portugal, I do not need to win more.
As I have said once here I was a very Aggressive trader, and my last trade was a Aggressive trade, it means that I am not cured yet!!
My disease it is "impatient". I want to win my $2000 very quickly, to go then the rest of the days to one of Ours Lovely Beaches we have here in Portugal.

In my Opinion Forex it works very well for $100.000USD accounts, a trader can open 4 or 5 trades of 3 lots each and relax, just follow the trend and you'll win $2000Usd very fast.

But I do not have that 100.000!!

Bye Guys and don't worry about me, I am fine!

MIKE
  • #4,804
  • May 30, 2007 1:45pm May 30, 2007 1:45pm
Quoting BoredToLoose
Many Thanks for all your words.
I know I have to be more positive.
I have started trading forex, because now I have time to do that, I do not know if the majority of traders here are 100% traders or have a JOB, but I lost my JOB, why? Sorry but it's "The Secret"
If I can win about $2000USD per month it is very good and I do not need more money to have a nice life here in Portugal, I do not need to win more.
As I have said once here I was a very Aggressive trader, and my last trade was a Aggressive trade, it means that I am not cured yet!!
My disease it is "impatient". I want to win my $2000 very quickly, to go then the rest of the days to one of Ours Lovely Beaches we have here in Portugal.

In my Opinion Forex it works very well for $100.000USD accounts, a trader can open 4 or 5 trades of 3 lots each and relax, just follow the trend and you'll win $2000Usd very fast.

But I do not have that 100.000!!

Bye Guys and don't worry about me, I am fine!

MIKE
Take it easy.
I am 100% trader and I started with only $1500 at beginning it's hard but you can't learn how to ride a bike without fall before.
  • #4,805
  • May 30, 2007 2:15pm May 30, 2007 2:15pm
Hello guys! I've been just following the thread on the sideline lately! So far this week I haven't made any pips yet... I miss the signals because of work. But its ok I know there are other trades to come.

Anyway, I just want to thank all you guys for being such a wonderful people. Everyone here are so much kind to offer a helping hand to someone. This is the best forum indeed!

Goodluck to us all! More pips for us!
  • #4,806
  • May 30, 2007 2:27pm May 30, 2007 2:27pm
Quoting Phillip Nel
We were offered the oppertunity to have our own sub forum where we can have some threads under it. Do you people think we must do it. It is up to you to decide and give some suggestions as to what and how we are going to run it if we decide to do so. The name issue etc.
Thanks
Phillip

I am sorry to go swimming against the current. Specially not in agreement with my very dear friend Pips, but I think that dividing this thread in several sub-threads will not help.
Just see at what has happened to the Fozzy thread. You post something on one sub thread and it results that that is not the place to put it. So somebody suggests that you should post it instead in XYZ-Fozzy thread. At the end of the day, you have to go through all sub threads in order to have a complete idea of all that has been posted regarding that particular system. And in my opinion that is more cumbersome that going through many posts in the same thread, that have the advantage of being posted in a chronological order.
Take a look at this thread and you will see that there is a nice order. If you are intrigued by a post, and want to know why it was written, all you have to do is scroll back and you will find the whole thread. But if it is divided in sub-threads you will have to scroll back in the particular sub-thread you are in, if you do not find the answer then you will have to jump to the next thread, and check the posts, and if you don't find the answer then you will have to look for it in the next sub-thread and so on...ad nauseaum.
Remember that somebody may file a picture of a black dog in the "dogs" file. Another on may file it in "pets"file, a third one may file it in "things I love" file, and a fourth one may file it in "favorite pics" file. So if you are looking for that picture you will have to look in all those files!!!!!!!!
The other alternative is to look for it in a single file, just by looking for the aproximate date in which it was filed.
Which is easier?
  • #4,807
  • May 30, 2007 2:34pm May 30, 2007 2:34pm
here is the small secret place for the bigger Secret. Once you watch it, you will want the DVD. But do not become sick, please. It is just a yoga excercise for your mind, 1 step at a time.


  • #4,808
  • May 30, 2007 2:41pm May 30, 2007 2:41pm
Quoting Golfer
My trade on the Swissy using Phillip's price movement rules. I did use the MACD ZB confirmation signal to go short with R:R of about 1.

Phillip - it worked out. Unfortunately I did the trade on my laptop and I couldn't follow it during the day. Would have exit on 365MA for 70pips. My exit was on the second last candle coming back up through the 89MA again.
Hi Phillip

Tx for your advice on the MP3 - taken seriously. I should have moved my SL to BE on candle #1 (in green) where the X is. I do agree with your comments and if it was a live account, I would have exit near BE.

Just look at the set-up now. Pullback towards the 89 with MACD giving a ZB signal but there is no room to move (price between two MAs). My opinion - ignore set-up.

Just one comment on money management - I blew my first live mini account within 3 months because I didn't (want to) understand money management principles. Now I do follow the money management rules (maximum 3% of capital at any time) and I am alive and well after 6 months trading only Phillip's 5min system. The 4h system is still on the demo account.

With 10pips risk I only enter with 0.75 lots (risk 1.5% of my capital). Whem my SL increases to 20pips my lots decreases to 0.35.
Attached Image (click to enlarge)
Click to Enlarge Name: swissy 20070525 trade 2.jpg Size: 62 KB
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,809
  • May 30, 2007 2:42pm May 30, 2007 2:42pm

Once again Phillip showed his care about us and how we do our trades. That’s a very impressive thing! Very profound your last mp3 file!

I would like you guys to tell your opinions about one idea it came to me. It’s about trading the news. We all now that the price can go crazy after such event. The problem is we don’t really now the direction. So, how about it to take the both directions? I’m thinking, why not put 2 pending orders (1 buy above the price and 1 sell under the price) before the news? The orders can be set at 10 pips from the price (this is the minimum of my platform - TELETRADER). If the news has some impact, will move the price towards one of our orders, and usually this move is large enough, so it will go in one of our desired directions. I hope I made myself clearly enough! I expect your replies!
I would also like to verify my papertrading… It’s about the cable which did give some sell signals at 00:00 and 4:00 last (GMT+2:00 my time). MACD confirmation, that spinner from 00:00, and a good R/R ratio. (SL to the trend line, and first profit target to the 365). Besides the price which confirmed my way of thinkingy, I'd like to verify that. Thank you anticipated!
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #4,810
  • May 30, 2007 2:47pm May 30, 2007 2:47pm
With regards to creating sub-threads my opinion is we can just limit to having 2 threads.
1. Daily Wrapups (as suggested by pips). This way we can always look back easily if we want to review the wrapups.

2. Main Thread for our Discussions and Questions.

I would find it hard to follow if we have too many sub-threads...
  • #4,811
  • May 30, 2007 2:58pm May 30, 2007 2:58pm
I'm agree with jland! Too many sub threads can be difficult to follow. Let's keep it simple, let's keep "the emotion" here !
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #4,812
  • May 30, 2007 3:00pm May 30, 2007 3:00pm
Quoting Cornelius

Once again Phillip showed his care about us and how we do our trades. That’s a very impressive thing! Very profound your last mp3 file!


I would like you guys to tell your opinions about one idea it came to me. It’s about trading the news. We all now that the price can go crazy after such event. The problem is we don’t really now the direction. So, how about it to take the both directions? I’m thinking, why not put 2 pending orders (1 buy above the price and 1 sell under the price) before the news? The orders can be set at 10 pips from the price (this is the minimum of my platform - TELETRADER). If the news has some impact, will move the price towards one of our orders, and usually this move is large enough, so it will go in one of our desired directions. I hope I made myself clearly enough! I expect your replies!
I would also like to verify my papertrading… It’s about the cable which did give some sell signals at 00:00 and 4:00 last (GMT+2:00 my time). MACD confirmation, that spinner from 00:00, and a good R/R ratio. (SL to the trend line, and first profit target to the 365). Besides the price which confirmed my way of thinkingy, I'd like to verify that. Thank you anticipated!
Hi C

I did use that system previously and I can even send you a copy of my rules and outcome. I did try and identify the movers and I do one year's data. Worked well on Cable but it is very risky and that is why I'v decided to rather follow Phillip's 4h and 5min system. Much more reliable.

Just give Phillip's 1min news trade system a go.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,813
  • May 30, 2007 3:05pm May 30, 2007 3:05pm
Quoting jland
With regards to creating sub-threads my opinion is we can just limit to having 2 threads.
1. Daily Wrapups (as suggested by pips). This way we can always look back easily if we want to review the wrapups.

2. Main Thread for our Discussions and Questions.

I would find it hard to follow if we have too many sub-threads...
Hi Jl

I do agree - max 3 subs:

1. Phillip's rules & summaries sub

2. Phillip's daily wrap-up sub

3. General discussion sub - as it is right now.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,814
  • May 30, 2007 3:13pm May 30, 2007 3:13pm
Info
Attached File(s)
File Type: zip 4 Hour Strategy.zip   792 KB | 1,776 downloads
  • #4,815
  • Edited 3:40pm May 30, 2007 3:30pm | Edited 3:40pm
Quoting Golfer
Hi C

I did use that system previously and I can even send you a copy of my rules and outcome. I did try and identify the movers and I do one year's data. Worked well on Cable but it is very risky and that is why I'v decided to rather follow Phillip's 4h and 5min system. Much more reliable.

Just give Phillip's 1min news trade system a go.

I didn't know Phillip had a news trading system.
  • #4,816
  • May 30, 2007 4:00pm May 30, 2007 4:00pm
Quoting Phillip Nel
Info
Phillip,
I find your "thoughts for the day" very helpful as they reinforce my thought process as I try to project the flow of the market based on the current & past rhythm while taking into consideration M.A. locations.

Also, I have to agree with you on the current market sentiment. I occassionally use "MOUTEKI" to get an idea of price projections and incorporate your teachings as well (with your system "trumping" the other). If you'll notice the last cycle low on May 23 of 1.9714 and the last cycle high on May 29 of 1.9789 and you draw your TL thru those points, you will see price has already breached that TL and the target is 1.9673 (a la "Mouteki"). That happens to be right where your 100% retracement fib line is.
Just my thoughts.
70% expectancy rate with proper SL placement.
  • #4,817
  • May 30, 2007 4:49pm May 30, 2007 4:49pm
Quoting tamkras
here is the small secret place for the bigger Secret. Once you watch it, you will want the DVD. But do not become sick, please. It is just a yoga excercise for your mind, 1 step at a time.

Wow! Pretty interesting stuff. It's funny, as I was watching the video, I had 2 trades on that went for +50 pips! So I guess the laws of attraction brought me to this forum and my sole focus lately has been positive forex trading. Pretty cool..
Thanks tamkras
  • #4,818
  • May 30, 2007 4:59pm May 30, 2007 4:59pm
Phillip,

With reference to your recent mp3 and the gbp/usd, I see where there is resistance at the 365 and 61.8 fib. but I thought that if price breaks through the 89, it tends to pull back to the 21. Does this rule still apply when the 365 is in the area?
Thanks
  • #4,819
  • Edited 7:15pm May 30, 2007 6:30pm | Edited 7:15pm
Quoting alcastro
I am sorry to go swimming against the current. Specially not in agreement with my very dear friend Pips, but I think that dividing this thread in several sub-threads will not help.
Just see at what has happened to the Fozzy thread. You post something on one sub thread and it results that that is not the place to put it. So somebody suggests that you should post it instead in XYZ-Fozzy thread. At the end of the day, you have to go through all sub threads in order to have a complete idea of all that has been posted regarding that particular system. And in my opinion that is more cumbersome that going through many posts in the same thread, that have the advantage of being posted in a chronological order.
Take a look at this thread and you will see that there is a nice order. If you are intrigued by a post, and want to know why it was written, all you have to do is scroll back and you will find the whole thread. But if it is divided in sub-threads you will have to scroll back in the particular sub-thread you are in, if you do not find the answer then you will have to jump to the next thread, and check the posts, and if you don't find the answer then you will have to look for it in the next sub-thread and so on...ad nauseaum.
Remember that somebody may file a picture of a black dog in the "dogs" file. Another on may file it in "pets"file, a third one may file it in "things I love" file, and a fourth one may file it in "favorite pics" file. So if you are looking for that picture you will have to look in all those files!!!!!!!!
The other alternative is to look for it in a single file, just by looking for the aproximate date in which it was filed.
Which is easier?
Alcastro,

You dare to disagree w/me? !! Hmmm...thought this would be funny...it's meant to be funny....I love that people disagree with me...that's how I learn too! & I love that....learning and discourse....so much for funny....Yikes....I need some sugar...sugar makes me funny....

I haven't a clue how the many threads work...did go through the James 16 thread....but only over a few days to learn pin bars...

So...the best advice comes from those w/experience on multi-threads...and I can see the benefit to staying w/one main discussion thread, where everything is in 1 place.

but...

can we please have a Frequently Asked Question section too? Pretty please....just so we don't have to keep saying.....Your candle time close doesn't matter ....guess this begging should be for Phillip....

Hope your trading is going super duper!!!!!!!

Pips
  • #4,820
  • May 30, 2007 7:20pm May 30, 2007 7:20pm
I'm looking at the Nzd/Usd pair right now, price has tested the 89 for the last 3 bars and a nice rt is forming. I'm looking at shorting the pair. Any thoughts? Is this the right set up or am I misinterpreting some of Phillips rules?
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd053007.jpg Size: 63 KB
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