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4 Hour Strategy (MACD)

  • #4,881
  • Jun 4, 2007 4:42am Jun 4, 2007 4:42am
Quoting mason
great ira,

your document certainly is helpful, multiple MA is one way to go, any advice we should take, about pullback, bounce back, go back, go through, continue etc ?
I am not sure whether I understood you right, but it's the Market Rhythm, which Phillip so generously teaches us. It's just a summery of Phillip's market rhythm, and it should be learned toghether with MACD signals and all his beautiful strategy.
  • #4,882
  • Jun 4, 2007 8:13am Jun 4, 2007 8:13am
This might be hard to see but your charts should show it as well. There was a Rt last night on the USDJPY that coincided with resistance at the 122.00 level. I'm still short a few contracts after exiting a few at the 21 area. The RR was there, looking for the 89 as the next stop on the SushiTrain...toot...toot.
Attached Image
  • #4,883
  • Jun 4, 2007 10:24am Jun 4, 2007 10:24am
Quoting MD27
Hi Phil,

Thanks a lot for answering.

I did hear your other recordings about the trades this week on eur and gbp (I've been follwoing this thread since mid May, and I'm reading it all the way through).

Also, as you may have noticed on my first post here, I did go to page 289, and read all the docs and listened to all the files that are in those lessons - all very good.

Even so, I think it's natural that somes questions come up to a new user of this system.

But we can only thank you for all the work you did and shared with us, and for all the excellent material you deliver and continuous support of the users of the system.

"When the playing field is between two major MA's, price may ignore the smaller MA's" - That, for me, was the key in your answer. I can't tell if this was referred on those lessons after page289 - if it is, I missed it.

So I thank you again for making this even more clear and logic.

In the coming weeks I will follow the market with your system in my eyes and mind. Let's see what happens.

Like many others here, I'll share my thoughts and questions, and probably get back to you with this H4/H1 interaction under your system rules.

Again, thank you very much.

"The guy on the thread "
MD

Thanks. It is good to ask questions as the new customers will learn with it.
  • #4,884
  • Jun 4, 2007 10:38am Jun 4, 2007 10:38am
Quoting ira
Dear friends, I have made a document on the Phillip teaching of the market rhythm, which I find to be very useful. Maybe it will help someone else.
Of course any comments and corrections are WELCOME!
http://www.forexfactory.com/attachme...1&d=1180936079
Thanks Ira. That is what it as all about. You can add trendlines, especially major ones as the price will sometimes ignore the MA and goes to the TL. Look at the red circles where it ignored the MA

Look at the thin line where it found resistance in between the major TL. It will help you to maximize your profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.jpg Size: 64 KB
  • #4,885
  • Jun 4, 2007 12:05pm Jun 4, 2007 12:05pm
Hey Phillip

Just wanted to thank you in place for all the people learning from you about the MA behavior. I use only slightly different ones and have observed the exact behavior described by you.

Simply observing this behavior makes these an indicator in and of themselves and trading accordingly is advised

Cheers and take care,

SeekingLight
Trust price. Know yourself.
  • #4,886
  • Jun 4, 2007 12:27pm Jun 4, 2007 12:27pm
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Attached File(s)
File Type: pdf Daily 04June2007.pdf   157 KB | 1,389 downloads
File Type: zip Daily Wrapup 4June2007.zip   836 KB | 1,477 downloads
  • #4,887
  • Jun 4, 2007 1:54pm Jun 4, 2007 1:54pm
Info
Attached File(s)
File Type: pdf 1Hour Supporting 4Hour.pdf   152 KB | 1,646 downloads
File Type: zip 1Hour Supporting 4Hour.zip   835 KB | 1,878 downloads
  • #4,888
  • Edited 3:40pm Jun 4, 2007 3:34pm | Edited 3:40pm
i just wanted to share a simple checklist i made to help myself analyze the market before taking the trades on. as an example i have put down a trade i did last Thursday. i hope you find it useful. if not just discard it.
Attached File(s)
File Type: zip Trade Book.zip   2 KB | 1,057 downloads
  • #4,889
  • Jun 4, 2007 8:15pm Jun 4, 2007 8:15pm
Quoting ira
Dear friends, I have made a document on the Phillip teaching of the market rhythm, which I find to be very useful. Maybe it will help someone else.
Of course any comments and corrections are WELCOME!
http://www.forexfactory.com/attachme...1&d=1180936079
I like it, great document ira.
  • #4,890
  • Jun 4, 2007 10:19pm Jun 4, 2007 10:19pm
Quoting Pipsi cola
i just wanted to share a simple checklist i made to help myself analyze the market before taking the trades on. as an example i have put down a trade i did last Thursday. i hope you find it useful. if not just discard it.
Thanks for sharing, Pipsi cola!

Will be a great way for people to review their sucessful trades to see what setups/pairs yeild the best results.

Hope all your trades are great ones

Pips

ps. is your avatar your puppy? He/She is gorgeous!
  • #4,891
  • Jun 4, 2007 10:23pm Jun 4, 2007 10:23pm
Quoting Palmer
This might be hard to see but your charts should show it as well. There was a Rt last night on the USDJPY that coincided with resistance at the 122.00 level. I'm still short a few contracts after exiting a few at the 21 area. The RR was there, looking for the 89 as the next stop on the SushiTrain...toot...toot.
Happy your sushi train went your direction....I chose unwisely and got smashed by the orient express ...that's what I get for being greedy (I was in profit for a bit, but wanted more....Thank goodness for the old reliable swissie...got some pips there last night...

& I'm still not stopped on G/J....just expecting it any minute (LOL)....

Happy trading,
Pips
  • #4,892
  • Jun 5, 2007 4:16am Jun 5, 2007 4:16am
Like a few others here yesterday, I got a few pips out of the Swissie. I'm watching it again as it is testing the 365.
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  • #4,893
  • Jun 5, 2007 6:37am Jun 5, 2007 6:37am
hello i want toask bout my trade

i entered this trade look at yellow arrow, as a CT, according to my tech analysis, there was tail candle, and the macd was confirmed with RT,

and i got my SL hit

is there any advice for me bout this trade,

i realize that this system not 100% winner, i just want to know how u ppl would react to this price action thank u before
Attached Image
still in learning curve
  • #4,894
  • Jun 5, 2007 6:47am Jun 5, 2007 6:47am
Quoting taunted
hello i want toask bout my trade

i entered this trade look at yellow arrow, as a CT, according to my tech analysis, there was tail candle, and the macd was confirmed with RT,

and i got my SL hit

is there any advice for me bout this trade,

i realize that this system not 100% winner, i just want to know how u ppl would react to this price action thank u before
I'm far from being an expert, but here's my 2 cents:

1) CT (if you mean counter trend) is not really a macd signal from Phillip.

2) I do not see on your chart, nor mine, a tail.

I have to constantly remind myself to be patient, let things play out, and take only the best of signals. Hopefully someone can give you a better analysis, but from my perspective, I did not see a trade there based on Phillips teachings.
  • #4,895
  • Jun 5, 2007 7:03am Jun 5, 2007 7:03am
@cope : look 3 candle before it forming a doji / shooting star, yes CT its counter trend , the signal i took was Round top (RT)

so far using phill system and follow the trend provide great result,

this is my first time trading aginst the trend (counter trend) looking for quick pip, im trying to get the feel for counter trend trade


may be im just to greedy
still in learning curve
  • #4,896
  • Jun 5, 2007 7:06am Jun 5, 2007 7:06am
Quoting Cope
Like a few others here yesterday, I got a few pips out of the Swissie. I'm watching it again as it is testing the 365.
Support broken and straight to the 200.
  • #4,897
  • Jun 5, 2007 7:07am Jun 5, 2007 7:07am
Quoting pips4uandme
Thanks for sharing, Pipsi cola!

Will be a great way for people to review their successful trades to see what setups/pairs yield the best results.

Hope all your trades are great ones

Pips

p.s. is your avatar your puppy? He/She is gorgeous!
Hi Pips,
that is my puppy in the avatar. he's a long hair German Shepard. and almost 4 years old so not quite a puppy anymore. still he's my favorite.
  • #4,898
  • Jun 5, 2007 7:13am Jun 5, 2007 7:13am
Quoting taunted
@cope : look 3 candle before it forming a doji / shooting star, yes CT its counter trend , the signal i took was Round top (RT)

so far using phill system and follow the trend provide great result,

this is my first time trading aginst the trend (counter trend) looking for quick pip, im trying to get the feel for counter trend trade


may be im just to greedy
Hi there, i see why u entered the trade. The signal was round top RT as it is usually a CT counter trend. and since the price had crossed the 200 MA , according to the rules it comes back to test it again. this was my analysis and i am getting burned too.May be i missed something which all of u are welcome to point out. my RR was 1-1 with TP at 200 MA. i am still in the trade but can be taken out as price is 7 pips away from my SL. I am still in the process of mastering this system, Got some pips in the swissy yesterday. But i belive in this system, and even if i lose today it will not discourage me. Good luck to u all.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #4,899
  • Jun 5, 2007 7:15am Jun 5, 2007 7:15am
Quoting taunted
@cope : look 3 candle before it forming a doji / shooting star, yes CT its counter trend , the signal i took was Round top (RT)

so far using phill system and follow the trend provide great result,

this is my first time trading aginst the trend (counter trend) looking for quick pip, im trying to get the feel for counter trend trade


may be im just to greedy
I see the candle your looking at and I my thoughts with the next 2 candles being somewhat bullish I would not have entered short regardless of what the macd said at that point. IMO, it was not a strong ct signal. At this point, in my learning, I find that the pullback to the 21 and then tc, is a much safer and more profitable trade.
  • #4,900
  • Jun 5, 2007 7:18am Jun 5, 2007 7:18am
BIL2205 : yes my analysisi the same with u, good luck with ur trade,
still in learning curve
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