4 Hour Strategy (MACD)

A very welcome addition Phillip!!!!

I'm going long on E/U at 1.3400
I think that sma 89 will be a support...
Not yet a signal on macd, but i thing that price, 1,3440 on 61,8 fib is a good target.

Hello to all, Yes I second Alcastro. Very good idea to put a chat room on skype for the Daily srategy.

Shreem

hi i am am new to this thread.... just had one doubt .. macd settings fast ema 5
slow ema 13 and macd ema 1 or sma 1 ... coz 4hr strategy says macd ema 1 but in meta trader i have macd sma
so is it ema or sma ???

1 ema = 1 sma.... 1^ anything is 1

OK, I give up. My guess is that Phillip hasn't cleaned up up his room either with all of the continued work, time, and effort that he is dedicating to this thread, incredible. Thanks again boss.

The EUR$ is still struggling around the 89 as it has been all week. I took a look at next weeks Eco calendar and there are several important news releases that 'should' get things going. Yes, I do trade the news AFTER it has been released. Even with today's stock market losses the EUR$ only waivered. I took a look at a bond chart for the last few days and that seems to be in a channel as well. For those persons that have been through the mp3's and postings and just started trading with this method this week, it was a really bad week to start off with. Don't get discouraged. I'd sit back for the rest of the week, or tomorrow I should say, and just forget about Friday.

Donna:

You're not the only one. Things can get downright pathetic at times and you look for things to happen. I've done and will most likely continue to do so but I am getting better....at not doing it. When things are stuck I'll straddle the channel or look at a smaller timeframe or longer timeframe. I had to go to the weekly on the USDJPY to find a trend direction and target, which is some 200 pips to the upside, to 'see' something. But, if you trade the weekly your stops need to be on the weekly, can't afford that method. Either way, I think Phillip's mp3 said he's only made 2 or 4 trades on the EUR$ so the good thing about that is the we're thinking in the same manner as far as the EUR$ is concerned. That just gives me more time to work on the old Z car...http://www.project280z.com...Anyone know where I can pick up a 1983 Turbo engine???

"Let the market come to you young Skywalker....." Did Obi Wan say that or was it Phillip....Hmmmm, I wonder if they are the same person. That's it, that's gotta be it! Phillip is Obi Wan Kenobi..it all makes sense now.....

That just gives me more time to work on the old Z car...http://www.project280z.com...Anyone know where I can pick up a 1983 Turbo engine???

Mr SMJones might know!!!!!

Hi Antra,

I love all the Zs. I have one of the last 300ZX sold in Portugal in December 1994. If I had the money I would have one of each Z model, from the Datsun to 350Z. I hope this FX adventure can help me with that.

Phillip,

I know that you probably have read it thousands of times, but I must thank you a lot for this thread. Even though I haven´t read everything, the concept and some of my own experience improved my results alot. I hope when I finish reading the thread I´m a better trader and probably may contribute a little.

Thank you very much!

PS... O'Zeeke...know how you were waken by your dog....I got this really weird queasy feeling...w/tingles...couldn't figure out what was going on...went to check the trade right as price bounced from the stop running... then the feeling ended..weird how we get "signs." Give Tito a big pat!![/quote]

Hi Pips, sorry to hear about the train ride. Tito must have some kind of ear problem becaus he starts flapping his ears , you know what i mean, and that wakes me up. But i now figgured out he is saying "no, wrong direction". I swear i would have a whole lot better results just by entering the opposite of the way i think it is going to go. Im serious, most of my trades seems to go 30 pips or more minus and finally come around to get a couple of pips+ but if i listen to Tito, i will be 30 pips up right away. Its called Tito strategy, just go the opposite direction of what i think it will. like right now, im 25 pips down on the chef, should have listened to Tito. been a bad week, so far only 4 pips up, Wow. Anyway, im off to try my new strategy. Good luck, Pips, stay off the stuff, your boyfriend is right

I might have probably missed if there is a skype chatroom for the 4h strategy... If there is such a thing, may I also join?... I might well turn out to be a quiet listener , maybe with a question here and there... but I have nobody to talk about this and sometimes I need someone to shout "STUPID" at me :-)

my skype name is s_narks

thank you letting me know, meanwhile I will go smash my head against the wall to rememer not to trade countertrend... I lost 150 pips that I first made on one pair and then I was stupid and played with other pairs..

elmer

good morning everyone, is there such a formation as triple top on macd . i have it on gbp/usd. it is not a head and shoulder since all 3 tops are appx equal. the price is sitting on 8 ma 1.9922. so just wondering if triple top of any significance. thanks.

Hey Bill!

That triple top can be interpreted numerous ways:
1. it is a triple top
2. it is a forming head and shoulders (the 3rd one is a bit higher, so it is possible that a 4th one is coming which will be lower acting as the secons shoulder)
3. every time the price intended to go down it failed which could be a sign of a good uptrend.

Since the uptrend is clear for now I wouldn't go against it instead I would wait for a pattern in the direction of the trend.

Im not sure whether to call it triple top or head and shoulder, it could be a combination of both (i could be wrong). It alredi past the shoulder level of the MACD so short is the way it should go. The daily chart MACD is at the +0.00465,could form a round top. Im short at 1.9902 wit T/P of 1.9870 (same level as my 23.6 fib).

Looking forward to it Philip!

thanx hndymann

any one using the keltner channle indicator in relation to the 4 hour macd , is it any good. came across it on FF. thanks

Thank you,

I want to trade all time, but i work all day since 8 am to 5 pm and i can´t to be in front of PC all time to be alert each 4 hours. So, i think that for me is better to applicate one daily strategy to be at morning and nigth trading and monitoring the market....Are you agree with me?

I am applying the 4 hour strategy but daily and the results are not good. I want to know one daily strategy to have good results.

i am wa¡ting for the daily chatroom link to complement my strategy of daily candle stick analysis.

Thanks in advance!!!

Hi everybody,
I read Phillip's strategy and am trying to use macd with input levels 5,13,1 and getting very different histogram. My Macd is MACD exponential.

Please look at the image and guide me.
Thanks,
Niti

Hello , any one looking at GBP.
Possible trend continuation on one hour off of 21MA. ( my candle closes in 30min).price is still above 89 MA.
On 4 hour ( still a 3.5 of hours away for my candle close). but price is sitting on 8MA above 21 and 89. MA.

i dont want to trade out of frustration . but looking at one hour for a possible early entry.All comments are welcome.
P.S.
I have a question please. if macd forms a round bottom and the next bar breaks the zero , is that considered a trend continuation. this is strictly question for macd signals . thanks

OK, this is a little off subject but it's starting to bug me. I'm in the process of reading through the thread, having read about 1/5 of it so far, so if this has been addressed already please forgive me.

I use Interbank FX and have noticed that my charts often look different than some others that are posted including Phillip's. This is apparently largely the result of brokers having differing opening and closing times. I like MT4 so I've downloaded a demo version of MIG and it looks like it matches up with Phillip's. I understand that once I have this method down pretty good this shouldn't be a problem, but for now it's a hassle trying to learn what's going on when our charts don't match.

Has this been an issue for any one else, and if so, how did you all deal with it? I've noticed that even the 5M charts don't match. I figured that any charts less than an hour wouldn't be affected, but that's not the case. If anybody has any thoughts on this, I would appreciate it. It could get confusing looking at different data feeds. I've posted the two differerent 4H G/U charts and highlighted a small section. As you can see, the candle patterns are quite different from one another.

So, I guess the question is, should I forget about this and just use my IBFX charts, or should I try to match the charts that Phillip posts?

Once again, if this been dealt with, I apologize, and if it has, please direct me to the post(s) that deal with this.


Thanks,
Richard