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4 Hour Strategy (MACD)

  • #5,441
  • Jun 27, 2007 12:10pm Jun 27, 2007 12:10pm
Quoting kuky969
Hi Phillip

nice job ...I dont understand ...where are you take so much time for everything that you made on this thread ...??? THANK YOU VERY MUCH....Please one question is there any help( your mp3 files as written) for people that understand writing forms of english but listening is a little problem ...???? (as me) ...I downloaded your mp3 files but I dont exactly understand everything. I understand and it is clear that mp3 files is better for you than waste time by writing .....but I little hope maybe are there some written forms.. ..or must I learn better listen to...?? THANK THANK
Hi kuky969 - My English isn't also good. But i try to understand as much as i can

I know that somewhere in the deep InternetSpace are voice recognition softwares - I am just searching for this tool. then with little help it will be possible after correction to prepare transcript from mp3

this softwares can give weird words or weird
expressions that are not gramatically correct but it would be easier for us to undeestand better what Philip is talikng to us
  • #5,442
  • Jun 27, 2007 12:48pm Jun 27, 2007 12:48pm
Hello Pips, it was me who made the transcript of the incredible MP3 of Phillip on market rhytm and emotion of post 4496.

So, for the newer people, they can go and read the audio transcript that I have made of this incredible MP3, they will need to go to page 301 post 4509 and there they can read that transcript.

And Pips and Tamkras, WOW! my hat a 1000 times to both of you for the incredible ammount of pips that your continually make since a couple of months. You are truly both a great exemple of acheivement when people consider trading as a business.

Again, WOW! WOW! WOW!

Hope to be there on day.

Right now, I am still learning the method since one month and half and I am currently at the page 269 as I read every single posts numerous times to grasp everything with the MP3, PDF files and I have also gone through all the post of Phillip of both method and will go through all the posts of Pips and tamkras and Palmer. I think this is certainely a great beginning for people new to this thread to do the same as it is invaluable what is in there.

Shreem
  • #5,443
  • Jun 27, 2007 12:54pm Jun 27, 2007 12:54pm
Hello Dear Alcastro, just want to say that I do understand your dilema. I am also on eastern time and working from 08:00am to 04:00pm ET when the market is most active and I am also learning my way with the daily version of the system which should be easier for me too.

I do also agree with you that not looking too much at the charts when the trade develop is the right thing to do as it will refrain me to make very irresponsable and irrational decision.

Dear Alacastro, please keep it up and be confident that you will succeed and everything will be there. Anyway, from your posts, it seems to me that you do well already

Shreem
  • #5,444
  • Jun 27, 2007 1:01pm Jun 27, 2007 1:01pm
Quoting lmark
Ok, I really want to take part in the skype chat for the daily strategy. I downloaded the program and can log in, but have no idea where to go from there. Can someone give me some direction please!!

Thanks

Larry
Go to http://www.skype.com/go/joinpublicch...wM2vWVFHeCPQs8
  • #5,445
  • Jun 27, 2007 1:03pm Jun 27, 2007 1:03pm
Quoting alcastro
Hi Tam,

I am still around here....working my way around the daily system since it fits my schedule, and my psychology (I'd rather not watch the computer when the trades are developing....otherwise I tend to make foolish decisions and try to double-guess my set-ups!!!).

Don't worry about the crystal ball....you can keep it. But I really don't think you need it. All you need is your excellent analysis, your stacking dolls, and your amazing trading style.
Ata, Alcastro! Glad you are around, surviving, vibing and thriving. Yes, it is hard not to become another statistical burnout in the market but persistance, positive attitude and this thread will mold a trader. It is a long process. Glad you are finding daily patterns suiting your style. I used them this week, too, to confirm the entry (usd/jpy shooting stars, aussie's huge engulfing candle). What is great about Phil's method he teaches to use price levels as very important psychological barriers. 3 recent examples: - 1). usd/jpy slightly went beyond 124.00, touched the trendline and flinched; 2). Aussie did exactly the same - took 10 pips beyond 0.8500 and was punished for the curiosity. Like a boy who stretches out for a jar of stawberry jam on the upper shelf, he slips and falls with the jam - what a mess! 3). Cable - dancing with the 2.000 level. Short was warranted yesterday with the target at the previous inside bottom - 1.9930. I am even reading Pips' plan here.

Hang around and you have my high fives for all your good trades. Do not forget to share with us something new and exciting in your journey. Good luck.
  • #5,446
  • Jun 27, 2007 1:17pm Jun 27, 2007 1:17pm
Quoting tamkras
thanks, Fxhermit. Yes, it is ok to collect all my posts on Phil's thread - you can not find them anywhere else.

I also thank Ira for her recent question on inside pattern on the usd/jpy monthly. This was almost a 200-pip question by now. By the way, this is the value of not listening to the crowd of "shrewd" analysts (125!, 128!!, 133!!!, higher!!!!). Be smarter and more creative. Good luck.
Tamara, it's completely your merit! I have nothing to do with it. Just keep posting your thoughts, so we can learn from you.
  • #5,447
  • Edited 1:41pm Jun 27, 2007 1:23pm | Edited 1:41pm
I guess I just don't get it. I go to the link you posted and then what? I have been there and signed up, downloaded and everything. How do I get to the daily chat? I am new to all this and cannot figure out how to navigate.
  • #5,448
  • Jun 27, 2007 1:31pm Jun 27, 2007 1:31pm
Quoting pips4uandme
I agree...but we are global community...not everyone speaks english...that's why we see these requests sometimes...thats where we come it ...Help Phillip spread the word via printed posts...

hey, who did the nice transcript of the market rhythm? Maybe you could post a reference to the link for the newer members?

Also, to those new to the system, please read the whole thread and backtest the system to see how well it works and to understand the nuances! Its amazing when you get it!

Happy Pipping,
Pips
Pips is right. I think we can all help Phillip on this behalf. Tomorrow I'll start tapescripting lesson 1. But I think all tapescripts should be in one place or it will be difficult to find them on the thread. Phillip would you be able to add tapescripts to your summery lessons?
  • #5,449
  • Jun 27, 2007 1:41pm Jun 27, 2007 1:41pm
Quoting kuky969
Hi Phillip

nice job ...I dont understand ...where are you take so much time for everything that you made on this thread ...??? THANK YOU VERY MUCH....Please one question is there any help( your mp3 files as written) for people that understand writing forms of english but listening is a little problem ...???? (as me) ...I downloaded your mp3 files but I dont exactly understand everything. I understand and it is clear that mp3 files is better for you than waste time by writing .....but I little hope maybe are there some written forms.. ..or must I learn better listen to...?? THANK THANK
Here's a copy of the 26 June wrap up. Hope it helps. -- Tony

Daily Wrap Up for June 26, 2007
All right, let's quickly do the daily wrap up.
The Euro dollar for the week, so far, has been in an up and down situation, although the MACD has shown a very nice down move and sort of in a straight line, and, normally, when that happens, when the MACD comes down in a straight line like that (not a hundred per cent straight but that's good enough) you normally get a bounce up. So, and we had a trend continuation pattern off the 21 and off the 200 sma at the 12:00 candle. It's not an engulfing candle, as such, but it's a very strong candle. So, yes, I'm long in it. Stop loss 28 pips. Let's see what happens, although there's some resistance at the 1.3473. But I have decided I'm going to believe the MACD, although it's starting to give a little bit of a lower high there for the current candle. But even that next candle, the 16:00 candle, is a spinner, which can be a trend continuation confirmation candle, although we're not in a very strong up move. We went through the 89, and now we're above the 200. The 200 has started to curl upwards, if you look at it. The 365's there, yes, we've got a lot of moving averages there, but we're above them. So, in this case, I'm not just going for the MACD in the sense that the MACD has given that trend continuation pattern. I'm risking 28 pips for this thing to run upwards. Because, if it's going to go upwards, it's going to go a little bit. So that's the reason why I also took this trade. It's a bit more involved than just the normal MACD. I'm positioning myself, should it go up, to be in that run up. That's all I've done, and let's see what happens with that one.
The British pound also gave a trend continuation pattern, also off the 21, with a stop loss in the region of 42, 43 pips, which is quite large. That's a difficult one to really go into because of that very strong 2 resistance level. So, I'll be very careful going long with the British pound at this stage. I will, sort of hang around there.
The Japanese yen came off the 89 to the 21, and then it turned around. So that's very interesting to see what that's going to do. It gave, also, a turn around signal on the MACD, on the 16:00 candle, but it's very difficult to take it because of the 21 ema there. So, even that, to me, is on hold.
The Aussie dollar. Also quite a big candle coming down. So I would say the MACD did not give a signal there because it's through zero, but I think we can go down to the 89 there. I think there's a possibility. The 12:00 candle's got a nice tail upwards. If I had to make a deal, I'd go down to the 89 with it. Then, the Aussie dollar, on the 4 hour, there's some indecision there, if you can see on the MACD, a zig zag around zero. So, even there, there's a little bit of . . . although, what I liked about it is that the 89 has turned upwards. The price is above it, so I would say when the price goes above the 200 sma, you can start thinking and following the MACD in an up move. That's the way I will wait for it.
The Swissy's on the 365 and the two hundred in between, so there's a lot of emotion there. So let's give it a break and see what's going to happen. So I'll also wait on that one.
The EURJPY also went up to the 21 ema. If it comes down sufficiently now, it's going to come down to the 89. It could very well come down to the 89 because the rule says that, when it breaks through the 21, pulls back to it then comes down, it's going to come down to the 89. So the next two candles are going to be very important to see whether it's going to come down to the 89.
EURGBP. I don't really look at that one.
The GBPJPY gave a beautiful lower high on the 25th, the 20:00 candle, and that could have brought a hundred, a hundred plus pips just on the MACD signal. And it was an inside double top as well. If you look at it, you will see that it was a double top on the price inside the previous top, so that was a nice one to go with.
That's the wrap up for the day. There was something that I saw, can't remember what it was now. Okay, that remark that I made, yes. I've said that if you know the rhythm and the motion of the market, you will know when to wait. You will know to wait and get on board at the right time. That's very important. Study the rhythm, that summary on page 289 and on, and remember the motion of the market, and then you will wait for the right moment to get on board. That's very important. Again, don't jump around between currencies. Choose two conservative ones and one more volatile one, for the more risky one, you take the double, the round tops, the round bottoms on the 45 horizontal line on the MACD. That will give you some high probability trades and with some nice pips to run. Hope the rest of the week we can get something more out of the market.
  • #5,450
  • Jun 27, 2007 1:48pm Jun 27, 2007 1:48pm
Quoting ira
Pips is right. I think we can all help Phillip on this behalf. Tomorrow I'll start tapescripting lesson 1. But I think all tapescripts should be in one place or it will be difficult to find them on the thread. Phillip would you be able to add tapescripts to your summery lessons?
Ira,

You are too kind. I didn't mean to transcribe...Just post relevent info that relates via questions and trade plan and ref. to posts. Oh my, I couldn't even imagine the hours it would take to transcribe...Shreem must have spent half a day at least! Which is very kind (THANK YOU SHREEM)....That is valuable time to study history and learn the market motion/emotion!

I just meant we had a responsiblity to answer each others questions and be helpful to the newer members of our community.

Talk to you later,
Pips
  • #5,451
  • Jun 27, 2007 1:52pm Jun 27, 2007 1:52pm
OMG....OldDog! You are amazing!

I'm sorry....I didn't mean for everyone to be so kind (only understanding and helpful!)...You are truly special!!

I feel so guilty....

Pips
  • #5,452
  • Jun 27, 2007 1:55pm Jun 27, 2007 1:55pm
D:

This chart is my E/U....to help explain the text I'm going to send...hope it is somewhat helpful...

Pips


It's always easy to see in hindsight...from the peanut gallery...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD0627074hr.jpg Size: 58 KB
  • #5,453
  • Jun 27, 2007 2:03pm Jun 27, 2007 2:03pm
Quoting ira
Pips is right. I think we can all help Phillip on this behalf. Tomorrow I'll start tapescripting lesson 1. But I think all tapescripts should be in one place or it will be difficult to find them on the thread. Phillip would you be able to add tapescripts to your summery lessons?
I am speechless. Thanks!!!!!! I will ask the FF people. I think there can be one more file added. Will ask them. I cannot add it anymore
Thanks for your effort.
Phillip
  • #5,454
  • Jun 27, 2007 3:06pm Jun 27, 2007 3:06pm
Quoting OldDog
Here's a copy of the 26 June wrap up. Hope it helps. -- Tony
Daily Wrap Up for June 26, 2007
All right, let's quickly do the daily wrap up.
The Euro dollar for the week, so far, has been in an up and down situation, although the MACD has shown a very nice down move and sort of in a straight line, and, normally, when that happens, when the MACD comes down in a straight line like that (not a hundred per cent straight but that's good enough) you normally get a bounce up. So, and we had a trend continuation pattern off the 21 and off the 200 sma at the 12:00 candle. It's not an engulfing candle, as such, but it's a very strong candle. So, yes, I'm long in it. Stop loss 28 pips. Let's see what happens, although there's some resistance at the 1.3473. But I have decided I'm going to believe the MACD, although it's starting to give a little bit of a lower high there for the current candle. But even that next candle, the 16:00 candle, is a spinner, which can be a trend continuation confirmation candle, although we're not in a very strong up move. We went through the 89, and now we're above the 200. The 200 has started to curl upwards, if you look at it. The 365's there, yes, we've got a lot of moving averages there, but we're above them. So, in this case, I'm not just going for the MACD in the sense that the MACD has given that trend continuation pattern. I'm risking 28 pips for this thing to run upwards. Because, if it's going to go upwards, it's going to go a little bit. So that's the reason why I also took this trade. It's a bit more involved than just the normal MACD. I'm positioning myself, should it go up, to be in that run up. That's all I've done, and let's see what happens with that one.
The British pound also gave a trend continuation pattern, also off the 21, with a stop loss in the region of 42, 43 pips, which is quite large. That's a difficult one to really go into because of that very strong 2 resistance level. So, I'll be very careful going long with the British pound at this stage. I will, sort of hang around there.
The Japanese yen came off the 89 to the 21, and then it turned around. So that's very interesting to see what that's going to do. It gave, also, a turn around signal on the MACD, on the 16:00 candle, but it's very difficult to take it because of the 21 ema there. So, even that, to me, is on hold.
The Aussie dollar. Also quite a big candle coming down. So I would say the MACD did not give a signal there because it's through zero, but I think we can go down to the 89 there. I think there's a possibility. The 12:00 candle's got a nice tail upwards. If I had to make a deal, I'd go down to the 89 with it. Then, the Aussie dollar, on the 4 hour, there's some indecision there, if you can see on the MACD, a zig zag around zero. So, even there, there's a little bit of . . . although, what I liked about it is that the 89 has turned upwards. The price is above it, so I would say when the price goes above the 200 sma, you can start thinking and following the MACD in an up move. That's the way I will wait for it.
The Swissy's on the 365 and the two hundred in between, so there's a lot of emotion there. So let's give it a break and see what's going to happen. So I'll also wait on that one.
The EURJPY also went up to the 21 ema. If it comes down sufficiently now, it's going to come down to the 89. It could very well come down to the 89 because the rule says that, when it breaks through the 21, pulls back to it then comes down, it's going to come down to the 89. So the next two candles are going to be very important to see whether it's going to come down to the 89.
EURGBP. I don't really look at that one.
The GBPJPY gave a beautiful lower high on the 25th, the 20:00 candle, and that could have brought a hundred, a hundred plus pips just on the MACD signal. And it was an inside double top as well. If you look at it, you will see that it was a double top on the price inside the previous top, so that was a nice one to go with.
That's the wrap up for the day. There was something that I saw, can't remember what it was now. Okay, that remark that I made, yes. I've said that if you know the rhythm and the motion of the market, you will know when to wait. You will know to wait and get on board at the right time. That's very important. Study the rhythm, that summary on page 289 and on, and remember the motion of the market, and then you will wait for the right moment to get on board. That's very important. Again, don't jump around between currencies. Choose two conservative ones and one more volatile one, for the more risky one, you take the double, the round tops, the round bottoms on the 45 horizontal line on the MACD. That will give you some high probability trades and with some nice pips to run. Hope the rest of the week we can get something more out of the market.
Thanks Tony
and thanks to everybody normal and polite people that havenīt problem understand that english is not native languge for everybody.....
  • #5,455
  • Jun 27, 2007 3:14pm Jun 27, 2007 3:14pm
Quoting TiKin
Reasonable demand, what about donut and coffee sent to you each day with that LOL
von dir nur personlich und drei mal am Tag
  • #5,456
  • Jun 27, 2007 4:40pm Jun 27, 2007 4:40pm
Pip's,

This is the chart of the USDJPY i was talking about..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 69 KB
  • #5,457
  • Jun 27, 2007 4:40pm Jun 27, 2007 4:40pm
Quoting kuky969
Thanks Tony
and thanks to everybody normal and polite people that havenīt problem understand that english is not native languge for everybody.....
You're welcome, Kuky -- I remember my own language studies and attempts.
--Tony
  • #5,458
  • Jun 27, 2007 6:37pm Jun 27, 2007 6:37pm
It wasn't the best looking Rb, more like a Vb and I almost didn't take it because of the shape, but I did. Funny thing, and this might have happened to some other folks too (I guess it had to), as soon as I went long a few minutes later it dropped almost 20 pips and made it's way back up. I already dumped a few at the 8/21 area and still holding some more. Some news coming out in about 20min for the Yen..keep and eye on those stops.

Got this from the wire...

"DJ MARKET TALK: USD/JPY May Rise Toward 123.60 - Trader

Wed Jun 27 19:08:31 2007
EDT



2308 GMT [Dow Jones] USD/JPY looking stronger and may rise toward 123.60 on
interest from speculators as well as Japan institutional investors buying to
invest in foreign assets, says trader at major Japan bank; Paulson comments
overnight, where he said global economic fundamentals remain strong, should
provide reassurance, while are comforting cues from stock markets. Still,
players likely to remain cautious, await FOMC statement later, Japan May CPI
Friday. Stop-loss bids piling up at 123.20-123.30; if triggered may push pair
to 123.60. Support at 122.90, then 122.60. Now at 123.15 on EBS.(VAU)"

Note: To all those persons that ask for forgiveness because their English may 'not be so good'...There's no need to apologize, really. If for any reason there any derogatory remarks towards anyone about where their from or how the 'talk', please report them to the moderators here on the forum so they can deal with them as they see fit....

The chart...THE PIPS!!!..I just couldn't stay away...Might we make it back to the 124.xx area????
Attached Image
  • #5,459
  • Jun 27, 2007 7:37pm Jun 27, 2007 7:37pm
OK...Here is my contribution to the thread (since I accidentally came up w/this idea, I'd better contribute!)....it is the transcript of Phillips Trendline MP3, Page 289, post 4330....there are a few words missing...but it follows pretty well (words missing are the transitional type...listen along, it makes it more enjoyable )....Man, and Phillip, I had no idea how fast you talk until I tried to write it...Hehe..thanks for everything!

Happy Learning/Transcribing all!
Attached File(s)
File Type: pdf Trendline MP3 Post.pdf   11 KB | 992 downloads
  • #5,460
  • Jun 27, 2007 8:22pm Jun 27, 2007 8:22pm
Hello,

This is a very long thread so I need some encouragement to read it. Can anyone really make 300 pips/month consistently just by trading the EUR/USD 4H chart with this system?

With a 10,000 USD account how many mini contracts do you recommend to trade at each signal?

Thanks,

Herringtrader
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