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4 Hour Strategy (MACD)

  • #5,521
  • Jul 1, 2007 8:57am Jul 1, 2007 8:57am
It seems as if all the major pairs showed strength in one direction or another on Friday. This week could bring a lot of signals to several pairs so I'd suggest channeling your efforts to only a few and stick with those unless you can monitor the charts for the majority of the day. Monday, Thursday, and Friday look busy for the news releases so always be aware of those events. I try to only have positions open with two pairs at the most. For me, that means having at least four and sometimes six charts (even more if I'm trying to steal a few with Phillip's 5 min method) so that is busy enough for me.

Let's all have a good week.

The front line is just ahead. On to battle....
  • #5,522
  • Jul 1, 2007 9:08am Jul 1, 2007 9:08am
alexfot:

The 4 hour zoomed up pretty quick on Friday and I see the 1 hour Rt that is working. This moved up so fast that the 1 hour hasn't pulled back to the 21 and has only pulled back to the 8 once. I see this as a strong uptrend that is still in effect per the charts. Because of that move on Friday, I'm thinking that tonight's open may be a little volatile. If that move would have occurred on a Wednesday I'd be more comfortable with a retracement to the downside. I'm going to let the 4 hour decide to tell me what to do for a few bars, probably until Monday, and let things calm down. For the EURUSD...I'm on the sidelines.

Also: With the three terrorist attacks this weekend there could be a lot of volatility this evening. I forgot to mention that earlier...That's all just my opinion. This is all just my opinion...
  • #5,523
  • Jul 1, 2007 9:44am Jul 1, 2007 9:44am
I agree with your analysis, Palmer, and the next move we should expect would be the retrace to 21 on 1H.
  • #5,524
  • Jul 1, 2007 10:14am Jul 1, 2007 10:14am
Hi

Could any body look to the weekly pound chart.. its facing a strong trendlines .. any comments

Ammar
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  • #5,525
  • Jul 1, 2007 10:29am Jul 1, 2007 10:29am
Hi

I think this indicator can save a lot of time searching for the high/low points to draw the trendlines .. best wishes

Ammar
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  • #5,526
  • Jul 1, 2007 11:32am Jul 1, 2007 11:32am
i use the fxsol platform (fx accucharts) & the only settings for the macd are mov1, mov2 & trigg. ive used the (5,13,1) settings in evry possible way on these parameters but cant seem to get my macd to look anything like the pdf. can anyone help me with the macd settings?
  • #5,527
  • Jul 1, 2007 11:43am Jul 1, 2007 11:43am
Quoting GQpip
i use the fxsol platform (fx accucharts) & the only settings for the macd are mov1, mov2 & trigg. ive used the (5,13,1) settings in evry possible way on these parameters but cant seem to get my macd to look anything like the pdf. can anyone help me with the macd settings?
Almost all of us in this thread use metatrader4.
It is a great chart!
  • #5,528
  • Jul 1, 2007 8:04pm Jul 1, 2007 8:04pm
Quoting GQpip
i use the fxsol platform (fx accucharts) & the only settings for the macd are mov1, mov2 & trigg. ive used the (5,13,1) settings in evry possible way on these parameters but cant seem to get my macd to look anything like the pdf. can anyone help me with the macd settings?
Hi. I use the Accucharts and it took me a little bit of dinking around to get it to look normal. First of all, on a clean chart, click on the MACD indicator and when the box pops up, change the three numbers to 5 13 1. Then click ok. Never mind that it doesn't look right at this point, since we'll fix it. In your MACD pane, right click on it and then click on properties. When the properties box pops up, on the left hand side, hit the little + sign beside the MACD to expand it. Now click on "style" under the MACD. When the style box appears, you'll see MACD, Trig and OscE. Click on MACD. Make sure the histogram diagram is showing under Type. Change the width to 2 pt and change the colour to red. Now click on Trig. The Type should show a wavey pen line. Leave it at that. Just change the colour to blue. And last, click on OscE. Change the Type to a histogram and leave the rest as is. Then click ok and your MACD should look like the rest on here.

If you have any problems, send me a PM and I'll help walk you through it. Hope this helps.

Nancy
  • #5,529
  • Jul 2, 2007 1:21am Jul 2, 2007 1:21am
Hi

Another example of 4H & 1H .. but as we can see cleary there is no enough room to get some pips as still not sure that the trendline is broken

Ammar
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  • #5,530
  • Jul 2, 2007 1:31am Jul 2, 2007 1:31am
Hello GQpip, what you need to do to setup accuchart MACD is plot the MACD to the settings 5-13-1. When this is done, go to the icone charts objects (second from the top right on Accucharts) , select MACD or Moving Average Convergence Disvergence and click on the format tab, then click on the buttom left on style under your MACD. There, where it is written 1 MACD change the type to the first one which is histogram, after change the 2 trigger type by choosing the first type which is a line like a slope and the same for the 3 OSCE which is the histogram. After click apply on the bottum right and you will have the MACD setup as everybody here on this thread.

Hope it help and if you need more assistance, you can PM

Good trading

Shreem
  • #5,531
  • Jul 2, 2007 6:05am Jul 2, 2007 6:05am
hi

See how its very nice the rule of price back to 21 and then back to its trend with 1H and 4H ..

Ammar
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  • #5,532
  • Jul 2, 2007 8:25am Jul 2, 2007 8:25am
Pip's and all..

You know i had a feeling that I should have held on to my last trade ON EURUSD as it had broken a wicked Daily TL. I closed it too early due to my previous losses right now i would in profit overall with 160pips on this trade.

I have to learn to let them run more often.

Looking at the USDJPY, it is making a rounded bottom at the middle daily TL, I am not 100% about this trade if it triggers, I think it may go down the the main Daily TL another 50 pips down.
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  • #5,533
  • Jul 2, 2007 9:05am Jul 2, 2007 9:05am
Hi all,

I had a EA made a while ago and I decided to share it, I think it may be useful to some of you here.

please go to the following link to check it out.

http://www.forexfactory.com/showthread.php?t=36487

thanks
  • #5,534
  • Edited 10:17am Jul 2, 2007 10:15am | Edited 10:17am
USDJPY approaching major support/profit target around xxx.20...

Thanks DigitalD...gonna check that out...
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  • #5,535
  • Jul 2, 2007 10:46am Jul 2, 2007 10:46am
Hi All,

A curious question.

I been missing lots of 4hrMACD signals in June. I know I have to be patience in trading, but it is really painful to see a signal pass (say 2-3 bars) and wait for one to come. And if luck is not with me, i probably gg to miss it again.
Beside a TC signal, is there anyother way to go for re-entry along with the trend?
  • #5,536
  • Jul 2, 2007 10:55am Jul 2, 2007 10:55am
Quoting ellipses
Hi All,

A curious question.

I been missing lots of 4hrMACD signals in June. I know I have to be patience in trading, but it is really painful to see a signal pass (say 2-3 bars) and wait for one to come. And if luck is not with me, i probably gg to miss it again.
Beside a TC signal, is there anyother way to go for re-entry along with the trend?
You can hop on the train through the 1Hour TC. Todays EurUsd was a typical perfect example off the 8EMA(9:00). The price found support on 8EMA for a couple of bars before it gave the TC signal confirming the uptrend. 60 Odds pips allready made.
  • #5,537
  • Jul 2, 2007 11:24am Jul 2, 2007 11:24am
usd/ jpy also finding support at the 200sma, which can act as a strong support. a retrace from 200 = going long= round bottom = pips. any comments.
thanks.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #5,538
  • Jul 2, 2007 11:37am Jul 2, 2007 11:37am
Quoting Phillip Nel
You can hop on the train through the 1Hour TC. Todays EurUsd was a typical perfect example off the 8EMA(9:00). The price found support on 8EMA for a couple of bars before it gave the TC signal confirming the uptrend. 60 Odds pips allready made.
Thanks you! Noted
  • #5,539
  • Jul 2, 2007 11:54am Jul 2, 2007 11:54am
Quoting BIL2205
usd/ jpy also finding support at the 200sma, which can act as a strong support. a retrace from 200 = going long= round bottom = pips. any comments.
thanks.
Hey Bil...

I'm watching the same thing, the 4 hour is knocking at that door right now. I'm still short from the 123.42 area and a re-entry on the 1hr. The next candle may show a retrace so I'll be tightening things up if that happens. This was such a long run that it may take a few 4 hour candles to form a Rb....
  • #5,540
  • Jul 2, 2007 12:08pm Jul 2, 2007 12:08pm
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