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4 Hour Strategy (MACD)

  • #6,081
  • Aug 9, 2007 7:25am Aug 9, 2007 7:25am
Quote:
Originally Posted by alcastro http://forexfactory.com/images/buttons/viewpost.gif
Hmmmm...it seems like i have become invisible



This happened to me also - on a chart that had another indicator which conflicted with me drawing trendlines. Try drawing lines on a blank chart. If they stay there is something on your other charts that may be causing it.
  • #6,082
  • Aug 9, 2007 9:08am Aug 9, 2007 9:08am
Quoting alcastro
I am having a problem drawing my trendlines: I draw my weekly trendlines and S/R's lines. Then I change my timeframe to dialy and/or 4 hrs. When I do that, the lines i had drawn in the weekly dissapear!!! If I go back to the weekly time frame they are gone too
Does anybody here knows what is going on? It was not happening before. I was able to draw my weekly, daily and 4 hrs trendlines in the same chart regardless of the time frame......
Alcastro,

I assume you're using MT4. I don't know why the TLs would disappear from the original time frame, but, if you haven't already, try this: on the 'Trendline Properties' dialog box select the 'Visualization' tab and make sure the "Show on all the time frames" box is checked.

Hope this helps.

Dan
  • #6,083
  • Aug 9, 2007 9:20am Aug 9, 2007 9:20am
Quoting alcastro
I am having a problem drawing my trendlines: I draw my weekly trendlines and S/R's lines. Then I change my timeframe to dialy and/or 4 hrs. When I do that, the lines i had drawn in the weekly dissapear!!! If I go back to the weekly time frame they are gone too
Does anybody here knows what is going on? It was not happening before. I was able to draw my weekly, daily and 4 hrs trendlines in the same chart regardless of the time frame......
Why don't you try uninstall your MT4 and reinstall or download a new one?
  • #6,084
  • Aug 9, 2007 11:01am Aug 9, 2007 11:01am
Thanks for your help guys.

I tried all the suggestions but the problem subsides. Well.....I will try to contact MT directly.

At least i know I can be seen
  • #6,085
  • Aug 9, 2007 1:44pm Aug 9, 2007 1:44pm
Quoting OldDog
Hello Rmax, -- Thank you, but I didn't script those lessons. Here's what I said to Zunk in a later post, and it explains where the other written copies are:
...
Thank you one more time! I've found it and studying now.
  • #6,086
  • Edited Aug 10, 2007 2:55am Aug 9, 2007 7:47pm | Edited Aug 10, 2007 2:55am
I would like to share my process to setting up a trade once a signal to trade is given. Phillip says that once the entry signal is given (RT, TC, DT, whatever) the next part of the system is defining where to take profits to plan the trade. I have been having increased success with defining support, resistance, horizontal levels of resistance, Pivot Points, and fib levels from the top down, from monthly to 15 minute, and defining levels of interest at each time frame. Please take a look at the enclosed spreadsheet. I find horizontal levels from the 1M chart, weekly pivots, common sence trend lines, and where they intersect with the vertical axis, Tom DeMARK [edited from Tom DeLay] trend lines, Daily Pivots, 4hr MAs a la Phillip, recent retracements, 1hr 50/100/200 EMAs, and any consolidation points allong the way down to 15 minutes. I then sort by price and enter current price. It takes about 15 minutes to set this up, but then, at a glance, I have a reference to major and minor levels of resistance. My next step is to establish breakout levels up or down with stops. If you are discrete in how you purge information, you are able to carry a lot of history over several weeks and plan trades. While this is not dynamic, it allows me to set stops and TPs on the fly. Updating dynamic data takes a few extra minutes every few hours. I also track the 5 min system as well. If there are any questions in populating the data (items in column C and the pivots) feel free to email me. Your comments are appreciated. I hope this helps at least one more person out there.

Cheers,
Rick
Attached File(s)
File Type: zip S_R lines.zip   73 KB | 938 downloads
  • #6,087
  • Aug 9, 2007 9:33pm Aug 9, 2007 9:33pm
Quoting Foricks
I would like to share my process to setting up a trade once a signal to trade is given.

Cheers,
Rick
thank you Foricks, your process looks very helpful. one question is can you ecxplain tom delay trendline? thanks
  • #6,088
  • Aug 9, 2007 11:55pm Aug 9, 2007 11:55pm
Quoting Foricks
I would like to share my process to setting up a trade once a signal to trade is given. Phillip says that once the entry signal is given (RT, TC, DT, whatever) the next part of the system is defining where to take profits to plan the trade. I have been having increased success with defining support, resistance, horizontal levels of resistance, Pivot Points, and fib levels from the top down, from monthly to 15 minute, and defining levels of interest at each time frame. Please take a look at the enclosed spreadsheet. I find horizontal levels from the 1M chart, weekly pivots, common sence trend lines, and where they intersect with the vertical axis, Tom Delay trend lines, Daily Pivots, 4hr MAs a la Phillip, recent retracements, 1hr 50/100/200 EMAs, and any consolidation points allong the way down to 15 minutes. I then sort by price and enter current price. It takes about 15 minutes to set this up, but then, at a glance, I have a reference to major and minor levels of resistance. My next step is to establish breakout levels up or down with stops. If you are discrete in how you purge information, you are able to carry a lot of history over several weeks and plan trades. While this is not dynamic, it allows me to set stops and TPs on the fly. Updating dynamic data takes a few extra minutes every few hours. I also track the 5 min system as well. If there are any questions in populating the data (items in column C and the pivots) feel free to email me. Your comments are appreciated. I hope this helps at least one more person out there.

Cheers,
Rick
You know, this is very good, but I can't get past Tom Delay trendlines. What, do they lean to the right or something?http://www.forexfactory.com/images/icons/icon12.gifhttp://www.forexfactory.com/images/icons/icon10.gif

PS- for those of you not from America, Tom Delay is a controversial politician who is quite conservative/right wing. Tom DeMark is the author/trader who came up with standardized DeMark trendlines. A Freudian slip or typo I don't know, but a good chuckle definitely! Thanks again for the good work.
  • #6,089
  • Edited 2:57am Aug 10, 2007 2:53am | Edited 2:57am
Quoting O'Zeeke
thank you Foricks, your process looks very helpful. one question is can you ecxplain tom delay trendline? thanks
LOL-Oops!

Wow, that was by no way a political endorsement, hopefully not Freudian, or something, as I already know how I am voting this year...

It is Tom DeMark trendline. Basically it is drawing a line from the lowest most recent low to the next most recent low below horizontal and projecting the line foreward to create a support line, then drawing a line from the most recent high to the next most recent high to the left above horizontal and projecting the line forward for a level of resistance. It is used to establish a breakout of a trend.

Thank Richard for editing my postings...next time I will probably refer to a "trend Barack-out" or Clintonian Geometry. : Sorry for the confusion.

Now back to trading!

Rick
  • #6,090
  • Aug 10, 2007 4:30am Aug 10, 2007 4:30am
Quoting alcastro
Hmmmm...it seems like i have become invisible
I have experienced that. Are you using an EA which draws in trendlines, such as Demark?

Some of them redraw trendlines and don't care which they erase.

Hope this helps
Gone to a better place
  • #6,091
  • Aug 10, 2007 6:40am Aug 10, 2007 6:40am
I will try your system. But thank you for sharing this with us.
  • #6,092
  • Edited 12:59pm Aug 10, 2007 7:19am | Edited 12:59pm
Hi, i finally closed my deal on the NZD/$ that i entered short on a retracement on 5-31-07 for B.E., ZERO pips, the piont being is please listen to Phillip and dont mess with your trade once you plan it out. I just knew it was going to hit my TP so i kept adjusting the SL until , well you can see where it went. i didnt loose pips in the end, but i lost tons of opportunities by having my account tied up for so long, not to mention the emotional stress of all that huge uptrend against me. The market usually comes back to where it were but it may take months or years , so newbies PLEASE PLAn your trade and stick with your plan. All the best, O'Zeeke
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Click to Enlarge Name: nzd.jpg Size: 64 KB
  • #6,093
  • Aug 10, 2007 1:42pm Aug 10, 2007 1:42pm
Info
Attached File(s)
File Type: zip Weekly Wrapup.zip   764 KB | 1,554 downloads
  • #6,094
  • Aug 10, 2007 3:03pm Aug 10, 2007 3:03pm
[quote=ira;1529976]
Quoting OldDog

Thanks OldDog, I do really use Pips trading plan. BTW great job with your EUR trade and I too had the gap on my platform.
Thank you Ira! for confirmation on that gap. When I looked at the demo platform I have and saw no gap, I felt rather silly. However, it looks like it doesn't pay to be a Euro bull quite yet. The best to you!
  • #6,095
  • Aug 10, 2007 3:12pm Aug 10, 2007 3:12pm
Quoting dzink
hi guys, how do you manage PT in case that you are in the position, the market stays at one spot for 5 or 6 candles, MAs move towards the price. In that case you have three options:
1/ move the PT - but then your RRR on the trade is worse
2/ exit, because the market is undecided
3/ leave the PT where it is - but then MA which should act as a barrier moves ...
this applies mostly to a trending market - longer move followed by a consolidation and a counter-trend trade.
dzink,
If I understand you correctly, you would be in a position where you are making a profit. I don't know far you might have gone toward your target, but moving your stop up into the profit region, say 20 or so pips, when you're unsure, always seems like a good idea to me.
  • #6,096
  • Aug 10, 2007 5:34pm Aug 10, 2007 5:34pm
Wordpad written copy for those who have difficulty understanding spoken English.
Attached File(s)
File Type: zip Phillip Nel- Weekly Wrap Up 10August2007.zip   2 KB | 629 downloads
  • #6,097
  • Aug 10, 2007 8:51pm Aug 10, 2007 8:51pm
Hi, Phillip

Could you please describe your 8th EURUSD trade more clearly? I'm trying to understand criteria you got to enter. What was your profit target?

Thank you
  • #6,098
  • Aug 10, 2007 11:42pm Aug 10, 2007 11:42pm
Hey sports fans, we've achieved a milestone this week. Yes yes, I know Barry Bonds hit his 756th home run breaking the all time record in Major League Baseball, but that pales in comparison to the fact that I, Richard7, have made it to the coveted....

5000th Post!


That's right, I've actually read up to 5056. I expect to finish the reading this week, then go back and re-read the posts I have marked down as important. Then, I will begin systematically going through all the mp3's and documents that I have saved, and there are many.


Once again, for the benefit of those who are new to this thread, or have been around a little bit and are wondering if it's worth it to read through all this, my answer is yes, but don't just take it from me. By the way, I am an experienced forex trader, specializing in news and scalp type trades, and I already have a good understanding of the way the market works; I just want to expand my knowledge and I think this is a great place to do that. I have spent the last three years and thousands of dollars learning to trade this market, and I think enough of what's being taught here to put my full effort into it. I am honestly learning things here that I did not learn from other well respected mentors and trainers (who charged me a lot of money) before. With each passing day, I pick up a little more understanding of how this method works.


Anyway, don't just take it from me, look at the others here who are having success. Some of them were, I think, close to where I am right now; somewhat successful but knowing there's a lot more to be had from trading, and now in just a few months time have taken their trading to a whole new level. I don't have to name the names, you know who I am talking about. As a side note, it has been fascinating to read through this massive thread and watch the growth of these traders, from fumbling a little to understand, to confident, accurate, and prosperous. It's also interesting to watch those who have come and gone, not being able to grasp the concepts here, and not putting in the time and effort necessary to achieve success. I think it's more true in forex than any other endeavour I've attempted in my life; you truly get out of it what you put in. I believe if you put in a sincere effort here, you will reap the benefits in due time. See you next week.


Thanks for listening,
Richard

  • #6,099
  • Aug 11, 2007 4:36am Aug 11, 2007 4:36am
Good morning, i wish you to have a nice week end!
I will introduce myself. I got about 6 months of experience in forex market both on demo and real mini accounts. I'm still not a "trader", hmmm I can say I am an "experienced newbie" ... Since I found this 4H method I am convinced its the best thing you can find on the net about forex (I've tryed tons of methods, systems before ... with so so results) and Phillip is really a very nice and helping man. I like the way he thinks about "motions and emotions" of the market ... I'm going to demo trading this 4H beginning next week, I've already read the PDFs and I'm reading all the forum (wow ... lot of pages!), hope you will accept me in your nice comunity. Sorry for my not so good English, I come from Italy (GMT+2). See you soon and ciao.
  • #6,100
  • Aug 11, 2007 6:59pm Aug 11, 2007 6:59pm
Hey everyone!!! After two weeks at sea, I'm back on dry land. I still have the motion of the ocean in me so forgive me for any typing misteaks. Hope everyone has been doing well and made some pips. I've got some catching up to do with 'things' back here in normalville for the next day or so but I'll be back in the swing of things early next week...gotta few posts to catch up with as well it looks like....
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