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4 Hour Strategy (MACD)

  • #5,921
  • Jul 27, 2007 2:54pm Jul 27, 2007 2:54pm
Have a good weekend everyone.
Attached File(s)
File Type: zip Phillip Nel- Daily Wrap up- 27July2007.zip   2 KB | 699 downloads
  • #5,922
  • Jul 28, 2007 1:24am Jul 28, 2007 1:24am
I have attached my graph for analysis on USD/JPY. I hope u guys can give me some comments whether my analysis is correct or wrong. I'm still learning and hope you guys can guide me along. Thank you!!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 27july07.jpg Size: 61 KB
  • #5,923
  • Edited 6:36am Jul 28, 2007 5:42am | Edited 6:36am
Original MACD document


Thanks to all who have worked hard to make this possible. Surely your efforts will be rewarded.
Phillip

For a text and audio summary of the MACD 4 Hour system please go to page 289 and from post 4335 and onwards. There are 13 Lessons.


NB:
The text documents compiled from the audio has not been edited. Please except my apologies for any mistakes and or grammar errors but please also except the sencerity with which this documents has been compiled by those who did it.
Phillip
Attached File(s)
File Type: zip L0 4 Hour MACD Forex Strategy Original.zip   699 KB | 2,594 downloads
  • #5,924
  • Jul 28, 2007 5:44am Jul 28, 2007 5:44am
Info
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File Type: zip Lessons 1 to 7.zip   875 KB | 4,921 downloads
  • #5,925
  • Jul 28, 2007 5:46am Jul 28, 2007 5:46am
Info
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File Type: zip Lessons 8 to 13.zip   962 KB | 4,865 downloads
  • #5,926
  • Edited 6:40am Jul 28, 2007 6:27am | Edited 6:40am
Info

Compile your own Risk Management (Hazard Identification and Risk Accesment) sheet to be filled in before any deal is done. This will help in keeping you in the bussiness a long time.
Phillip
Attached File(s)
File Type: zip Risk Management 1.zip   757 KB | 4,130 downloads
File Type: zip Risk Management 2.zip   761 KB | 3,833 downloads
  • #5,927
  • Jul 28, 2007 7:37am Jul 28, 2007 7:37am
i make the back test of yours, on pair GBP-JPY 4H
it's seem tasty.........................on the metatrader 4 forum

Quoting Phillip Nel
I am using this 4 Hour strategy only for the last month as I have papertraded for 2 years trying everything and or system I could find. (I am trading equities for almost 10 years)I have decided that I will only go live(after some losses-not to serious) after I have studied the field of forex and are satisfied that I have a system that works. I do believe that we are trying to make it to impressive and difficult. This system is simple and easy to understand. I have backtested and forward tested it over more than 200 trades and it gives 300+ pips per month. I never had more than two consecutive losses. I never use a stoploss bigger than 50. There are enough chances to ignore the ones bigger than 50.

I am using this strategy only on the EurUsd and the GbpUsd. Have not tested it on other.
I hope that you will find some use for it and that it put you on the road to financial independence.

EDIT: For a summary of the 4 hour system go to page 289 Post 4335.
  • #5,928
  • Edited 11:06am Jul 28, 2007 11:06am | Edited 11:06am
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Can you please give some advice on post #5923.. really appreaciate it and thank you very much!!
  • #5,929
  • Jul 28, 2007 12:19pm Jul 28, 2007 12:19pm
Analyses for UsdJpy for Shauny
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Click to Enlarge Name: Temp.jpg Size: 78 KB
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File Type: zip Analyses.zip   475 KB | 1,828 downloads
  • #5,930
  • Jul 28, 2007 12:56pm Jul 28, 2007 12:56pm
Info
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File Type: pdf Week Anticipation.pdf   201 KB | 1,936 downloads
File Type: zip Weekly Anticipation.zip   614 KB | 1,949 downloads
  • #5,931
  • Jul 29, 2007 4:12am Jul 29, 2007 4:12am
Quoting Phillip Nel
The weekly chart shows tp resistance. I dont say go short but if MACD give a chance to go short try to stay in the trade as long as possible as it can come down 400pips to 21EMA on weekly graph. Give your position a chance to go withe the run if it runs down and get to BE to protect your position. This is only my opinion and no advice.
Nice observation Phillip. Was able to gain some pips with that tip. Still in one trade. Do not use the MacD but do follow the thread and your posts as well as a couple of others and have gained a lot of useful trading approaches.

Thanks

Tom
  • #5,932
  • Jul 29, 2007 6:44am Jul 29, 2007 6:44am
Quoting Phillip Nel
Price is above 200SMA. It made long tail below 200 and then closed above it. Current candle has found support on 200SMA. Bit risky I would say.
Phillip

Right on Phillip! You were exactly right. After that clean break above the 200, the next 3 candles closed above, and then another move up!
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_4hr_Jul_29_2007.jpg Size: 65 KB
  • #5,933
  • Jul 29, 2007 7:33am Jul 29, 2007 7:33am
Hi Philip,

I'm quite new in forex trading. I came across your 4H article and I find it very easy to understand compare to other articles I'ved came across so far. I really want to know, if you can help to explain them

1) how you decide where to place the fibonacci and at what timefarme would it gives the best result?

2)What other timeframe do you refer to normally other than 4H?

3)Will MACD work well with other timeframes?If yes at what setup

I really hope for your advise. TQ
  • #5,934
  • Jul 29, 2007 8:37am Jul 29, 2007 8:37am
i am use this article
as reference to the weda strategy to the GBP-JPY pair

someone have test it on GBP USD
and told me about the result

one of the pattern ( macd previous 2 > macd previous 1 <macd current )
but happen only in 0-0.05 level macd previous 2
shows a great thing

please look the backtest result here and also the mq4 file for the
clear indy
here
http://forexfactory.com/showthread.php?t=40019




Quoting Phillip Nel
I am using this 4 Hour strategy only for the last month as I have papertraded for 2 years trying everything and or system I could find. (I am trading equities for almost 10 years)I have decided that I will only go live(after some losses-not to serious) after I have studied the field of forex and are satisfied that I have a system that works. I do believe that we are trying to make it to impressive and difficult. This system is simple and easy to understand. I have backtested and forward tested it over more than 200 trades and it gives 300+ pips per month. I never had more than two consecutive losses. I never use a stoploss bigger than 50. There are enough chances to ignore the ones bigger than 50.

I am using this strategy only on the EurUsd and the GbpUsd. Have not tested it on other.
I hope that you will find some use for it and that it put you on the road to financial independence.

EDIT: For a summary of the 4 hour system go to page 289 Post 4335.
  • #5,935
  • Jul 29, 2007 1:00pm Jul 29, 2007 1:00pm
Quoting fxhaz
Hi Philip,

I'm quite new in forex trading. I came across your 4H article and I find it very easy to understand compare to other articles I'ved came across so far. I really want to know, if you can help to explain them


1) how you decide where to place the fibonacci and at what timefarme would it gives the best result?

Fibonacci is drawn from the previous move high to low.

2)What other timeframe do you refer to normally other than 4H?

On this thread it is only 4Hour

3)Will MACD work well with other timeframes?If yes at what setup

MACD is used mainly only on 4Hour. Other timeframes less than 4H to much flase signals

I really hope for your advise. TQ
Go through summary on page 289 from post 4335


.
  • #5,936
  • Jul 29, 2007 8:03pm Jul 29, 2007 8:03pm
Support @ 1.3605, bounce off the 200ma, Macd green. 30pt sl 50pt target looking for 1.3680ish.
Keep taking CT trades, I need more money
  • #5,937
  • Jul 30, 2007 5:09am Jul 30, 2007 5:09am
Thank you Phillip and all contributors.

I am studying your thread and lessons. I have just listened to lesson 3 on Tech vs Fundamental analysis. In that lesson you speak about Market Motion.
This reminded me of a video I recently watched and thought I would share with all here:
Inserted Video


I am certain you will understand why I am sharing.


Thanks again! I look forward to all remaining lessons and posts.
  • #5,938
  • Jul 30, 2007 5:45am Jul 30, 2007 5:45am
Quoting Ryanmcd
Support @ 1.3605, bounce off the 200ma, Macd green. 30pt sl 50pt target looking for 1.3680ish.
Hello Ryanmcd,

Yes, I saw that trade this morning when I woke up, but missed it because I was sleeping. My platform showed a entry on the 4:00 candle (GMT+1) at 1.3839. Stop below the previous candle. PT just below the 21MA (also close to the top channel). I like how that it supported both on the 200SMA and bottom channel. Also, MACD formed a nice DB/RB. At this point stop can be moved up to BE for a risk free trade.

My question is: Would this be considered a trend trade or counter-trend?
Attached Image (click to enlarge)
Click to Enlarge Name: T2_EURUSD JULY 30 2007_OPEN_1C.jpg Size: 76 KB
  • #5,939
  • Jul 30, 2007 5:57am Jul 30, 2007 5:57am
Quoting Nipper
Hello Ryanmcd,

Yes, I saw that trade this morning when I woke up, but missed it because I was sleeping. My platform showed a entry on the 4:00 candle (GMT+1) at 1.3839. Stop below the previous candle. PT just below the 21MA (also close to the top channel). I like how that it supported both on the 200SMA and bottom channel. Also, MACD formed a nice DB/RB. At this point stop can be moved up to BE for a risk free trade.

My question is: Would this be considered a trend trade or counter-trend?
The 89ma is flat and the 200ma is support so it's hard to say, prob a counter trend trade but right now on the 4hour I do not really see a trend. I am still in this trade and put a stop up at cost and going to see where it goes, my profit target was missed by 2 pips 705 is the next resistance I am looking at lets see what happens there, but when I have money in the bank I may pull the trade off the table at any time. 1 thing I will NEVER let this go against me no matter what happens
Keep taking CT trades, I need more money
  • #5,940
  • Jul 30, 2007 7:54am Jul 30, 2007 7:54am
Closing this out at 1.3683 for +46
Keep taking CT trades, I need more money
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