4 Hour Strategy (MACD) | Page 310 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #6,181
  • Aug 15, 2007 6:20am Aug 15, 2007 6:20am
Hello everyone. I took the euro TC yesterday . thought i was getting in too late in the game but still i was going with the trend and had profit target in mind so decided to pull the trigger. The trade worked out fine.I entered one lot at 1.3544 and second at 1.3530.Second lot profit target was 1.3505, just above the psychological level of 1.3500. 1st lot initial profit target was the 61.8 fib mentioned earlier at 1.3490. however i had Support 1 at 1.3498 so decided to close at 1.3497. Reason for closing was today there is a lot of news expected to be out for USD. so did not want my position open during that. The price however reached my initial target and is currently making its way to the trendline ( bottom of channel) just couple of pips above it. But i am happy with the way i executed this trade. good luck to you all.
Nadia
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 53 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #6,182
  • Aug 15, 2007 6:35am Aug 15, 2007 6:35am
Quoting BIL2205
Hello everyone. I took the euro TC yesterday . thought i was getting in too late in the game but still i was going with the trend and had profit target in mind so decided to pull the trigger. The trade worked out fine.I entered one lot at 1.3544 and second at 1.3530.Second lot profit target was 1.3505, just above the psychological level of 1.3500. 1st lot initial profit target was the 61.8 fib mentioned earlier at 1.3490. however i had Support 1 at 1.3498 so decided to close at 1.3497. Reason for closing was today there is a lot of news expected to be out for USD. so did not want my position open during that. The price however reached my initial target and is currently making its way to the trendline ( bottom of channel) just couple of pips above it. But i am happy with the way i executed this trade. good luck to you all.
Nadia
Excellent work Nadia!
  • #6,183
  • Aug 15, 2007 7:47am Aug 15, 2007 7:47am
Quoting hebsh
Actually I used IGmarkets software , but I been sick with it's charts, so anyone can help me to find the resource of the metatrade
actually i don't know if free or not , just need to knw thanks
goodluck in trading
http://www.metaquotes.net/
  • #6,184
  • Aug 15, 2007 9:34am Aug 15, 2007 9:34am
Here's a nice entry on the 1hr support (downtrend) back to the upside with MACD confirmation on the $Yen...Remaining lots are about 60 pips on the plus side....
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 51 KB
  • #6,185
  • Aug 15, 2007 9:50am Aug 15, 2007 9:50am
Anyone heard from pips4uandme; Donna???

Nice entries on the EURO$ Nadia....
  • #6,186
  • Aug 15, 2007 11:37am Aug 15, 2007 11:37am
Interesting dilemma on the EURO$. Same chart from a few posts go, MACD forming another Rb with 30min to the close of the candle and price is 'around' two support lines....Still long on the $Yen a few....
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 50 KB
  • #6,187
  • Aug 15, 2007 3:18pm Aug 15, 2007 3:18pm
[quote=BIL2205;1538814]Hello everyone. I took the euro TC yesterday . thought i was getting in too late in the game but still i was going with the trend and had profit target in mind so decided to pull the trigger.

I just wanted to add my congratulations to everyone else's. Way to go Nadia!
  • #6,188
  • Aug 15, 2007 3:30pm Aug 15, 2007 3:30pm
Quoting hebsh
Hi Plamer
I'm new for the FX trading , Thanks for you thread, it's really useful , would like to ask you about the Macd color and how can I get it ?
Hello hebsh -- You may have already noticed this, but just in case you didn't, you'll find a title you can click on at the bottom of the page, where it says, "Similar Threads." The one to click on says "MACD Colored Indicator for 4hr Strategy." You should find some information on how to install it on that thread. Good luck.
  • #6,189
  • Aug 15, 2007 4:40pm Aug 15, 2007 4:40pm
Quoting hebsh
Hi Plamer
I'm new for the FX trading , Thanks for you thread, it's really useful , would like to ask you about the Macd color and how can I get it ?
hebsh:

Just saw this...

This thread was started by Phillip Nel and it is 100% his method and all of the credit should go to him. I'm just along for the ride posting when I can and trying to help out when I can...

The Tc's on the EURO$ and $Yen are loads of fun right now!!!
  • #6,190
  • Aug 15, 2007 5:06pm Aug 15, 2007 5:06pm
Tc's? ....Trend channel or am I way off? this thread is enormous. I've been trying to get through it and keep up on the most recent posts at the same time. Thanks

henyloc
  • #6,191
  • Aug 15, 2007 8:52pm Aug 15, 2007 8:52pm
Tc = Trend continuation
Rb = Round bottom
Rt = Round top

Time for bed.......zzzzzzzzzz
  • #6,192
  • Aug 15, 2007 9:51pm Aug 15, 2007 9:51pm
Hi
please what is your experiences ....can I consider this situation as really break down TL(red) and next retest(retrace) of TL ....(or it is just only my head ??)
Thank
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 77 KB
  • #6,193
  • Aug 15, 2007 11:27pm Aug 15, 2007 11:27pm
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Anybody taking the EUR countertrend trade at the 0400 candle? Macd is showing a round bottom.. hit daily trendline. What do you guys see??
  • #6,194
  • Aug 16, 2007 12:25am Aug 16, 2007 12:25am
Quoting Palmer
Tc = Trend continuation
Rb = Round bottom
Rt = Round top

Time for bed.......zzzzzzzzzz
Thank you for the explanation.
  • #6,195
  • Aug 16, 2007 12:36am Aug 16, 2007 12:36am
just a question for the experts of the site. When we see a Trend Continuation signal very much beyond the MACD 45 level (for istance the recent candle GBPUSD 00:00 04:00 GMT) can we say it is a RISKY signal (too much oversold)? Thank you in advance
  • #6,196
  • Aug 16, 2007 3:15am Aug 16, 2007 3:15am
Quoting autaret
just a question for the experts of the site. When we see a Trend Continuation signal very much beyond the MACD 45 level (for istance the recent candle GBPUSD 00:00 04:00 GMT) can we say it is a RISKY signal (too much oversold)? Thank you in advance
I am not an expert by any means, but the levels are to allow you to see the intensity of the MacD trend and the probability of a return to the middle. Think of a rubber band stretching; at some point the pressure to return will cause a reversal. The greater the force, the more likely it will return. That being said, use this under advisement. One of my earlier mistakes was to think that everything was a trend reversal. As Pips pointed out a few pages back, we are comfortable thinking that we see a reversal with lower risks, lots of signals to support it, etc. Hold tight, wait for the signal, set the target and THEN pull the trigger. I know it is tempting now to go for it, but you need a confluence of signals. We just past the first one by the way, on the Euro for an AT at 1 hr past the London Open. Look for 1 hr signals, and breakout of resistance lines. Set targets at 8ma or a low fib retracement. Set stops tight since these are high risk trades.
Good Luck.
Rick
  • #6,197
  • Aug 16, 2007 4:15am Aug 16, 2007 4:15am
Is any one watching the USDCHF for a reversal there? It tested the 365 MA and has run out of steam, and is pulling back. We have a lower high at the moment, with 45 min remaining on this candle, before entry.
Frank
FrankieB
  • #6,198
  • Aug 16, 2007 4:29am Aug 16, 2007 4:29am
Hi Frank,

Swissy gave a signal candle on my charts w/the last candle close. This candle is looking to confirm short (I use trendlines on my MACD to help confirm)....My concern is that price is sitting right on a support line I have from a long time ago (@1.2159)...The 1 hour MACD has confirmed the short move for the last 4 hours....Candles are bearish...If price closes below the 1.2159 level, a short targeting the 365 may be a great move (w/housing stats tomorrow USD may weaken a bit...)

Honestly, I haven't been trading Swissy for the last few weeks (been focused on G/J) so my rhythm is off. Considered shorting it, but decided I've been very blessed in the market this week and would take tonight off from trading (yippee...4 hours w/out watching the market ). If you do short it, don't forget this is considered counter trade and lock some profit early...also consider the r:r...for me it isn't very good b/c I'd want my stop above the recent high. Again, I'm out of practice w/Swissy & haven't done my homework...

Happy Trading,
Pips
  • #6,199
  • Aug 16, 2007 4:51am Aug 16, 2007 4:51am
Well done for this week. I think the difference is our time factor with the different servers we use. I use Alpari with this system, and I have only got my first lower high with this candle. It is shaping up good at the moment. The 8 and 21 MA have nearly crossed on the 1hr; and crossed about 8 candles ago on the 30 min.
Should you have meant the target to be the 200MA not the 365?
Enjoy your break.
Frank
FrankieB
  • #6,200
  • Aug 16, 2007 6:16am Aug 16, 2007 6:16am
]Hi,

Phil asked me to upload this pictures for the 12:00 candle.

[ATTACH]43908[/ATTACH

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd.jpg Size: 59 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd.jpg Size: 52 KB
6 traders viewing now