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4 Hour Strategy (MACD)

  • #7,101
  • Sep 26, 2007 11:42am Sep 26, 2007 11:42am
Quoting taunted
thank u pip for ur kind word, to tell u the truth this is the 3rd time im not jumping to trade after i see some macd divergence and CT pattern, just bcause of RR was bad

im still learning controlling my emotion, before i found this thread i was down to only 20 % my initial capital, and this thread after read a whole thread was helping me in controlling my emotion, and helping me avoid bad trade

to be honest i'm still beating my self up if i dont take the trade just bcause of RR was bad or the candle not make a very clear sign but it turn up to be profit trade

guess the hardest part of trading was controlling your emotion

-Ernest
Ernest,

To control the emotions is the greatest challenge. Please go to www.robindayne.com
I've had the 5-pack sessions with her, and she has helped me turn my trading around by 180 degrees. I am now profitable, after having had huge losses !

This will help you and others who are wanting to lift their trading to another level.

She's the BEST thing that happened to my trading !! Check it out .

Edna
  • #7,102
  • Sep 26, 2007 11:58am Sep 26, 2007 11:58am
Quoting pipco
Ernest,

To control the emotions is the greatest challenge. Please go to www.robindayne.com
I've had the 5-pack sessions with her, and she has helped me turn my trading around by 180 degrees. I am now profitable, after having had huge losses !

This will help you and others who are wanting to lift their trading to another level.

She's the BEST thing that happened to my trading !! Check it out .

Edna
Thank u edna will check the site
still in learning curve
  • #7,103
  • Sep 26, 2007 12:49pm Sep 26, 2007 12:49pm
could anyone post all indicators and template needed for this trading system.
  • #7,104
  • Sep 26, 2007 1:12pm Sep 26, 2007 1:12pm
traderis:

You can find them on the website on The Method link page...
  • #7,105
  • Sep 26, 2007 2:52pm Sep 26, 2007 2:52pm
Looks like another textbook long is setting up.
1.4233 is the previous high from 1994/95.
Someone humble lies about being lucky, someone arrogant simply lies.
  • #7,106
  • Sep 26, 2007 3:29pm Sep 26, 2007 3:29pm
Info
Attached File(s)
File Type: zip Daily Wrapup 26Sept2007.zip   806 KB | 1,355 downloads
  • #7,107
  • Sep 26, 2007 4:02pm Sep 26, 2007 4:02pm
This is how i played this pair last night. The bottom trend line (2 yellow arrows) that i had drawn from last post 7032 played an important role. You can see how price went down through it then back up. After that it found support and thats where i entered to go long. You can see it better on H1. Macd already gave a higher low signal. I then took profit at 200sma. Should have left part of a lot to see it it broke through, rookie mistake. Hope this analysis is valid im still getting the hang of this system. Also there seems to be a similar setup like this one on G\U again it looks better on H1.
Attached Images
  • #7,108
  • Sep 26, 2007 7:41pm Sep 26, 2007 7:41pm
Hey people. I'm working on the script that will open 3 positions on a given pair simultaneously. This could be used when a Rt or Rb is in the works. One position would be exited at the 8/21, the 89, and beyond. I want to make this as simple to use as possible. Meaning, you just drag the script on the chart and boom, three positions are opened. The question is, would you want to have a stop loss of say 20 pips automatically entered for you or would you want there to be no initial stop loss? Yes, you can enter a stop loss and profit target after the orders are opened. It's the same as entering the order yourself. It can get cumbersome to send three orders in a row at times. Either way, my vote would be to just send the order and enter the stop manually since everyone sees things different. PM me and I'll go with the majority 'votes'....
  • #7,109
  • Sep 26, 2007 10:49pm Sep 26, 2007 10:49pm
skype chat room, how i can involve in that chat room?

my skype id is ernest.tan29 tq
still in learning curve
  • #7,110
  • Sep 27, 2007 2:12am Sep 27, 2007 2:12am
Hello . Euro Gave a nice TC off of the 8ma at the close of 00.00 GMt candle. (I got in a couple of pips late bec of the time i woke up) I went long on it. Cable was tempting me to go long with a break out, but left it alone for now. I will enter when some kind of rythem is resumed.

Enter at 1.4144 and 1.4148. I split my mini lot into two, so i can have two profit target.
1st target.1.4174( Daily R2)
2nd TArget 1.4198.(Daily R3)
SL 1.4014/1.4108.
Lets see how tis plays out because we are in an untested territory but i am going with the trend with a VAlid set up and confirmation.( the only thing bother me is the tail on the signal candle)
Trade well and pip plenty.
Nadia.

Hello Donna. Enjoy your Vacation. we will miss you. Who will answer all the questions here. HMMMMM Okay we will keep Palmer Busy .
Attached Image (click to enlarge)
Click to Enlarge Name: euro2.jpg Size: 304 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #7,111
  • Sep 27, 2007 2:42am Sep 27, 2007 2:42am
Info
Attached File(s)
File Type: zip Skype 4H Chat.zip   824 KB | 1,571 downloads
  • #7,112
  • Sep 27, 2007 2:50am Sep 27, 2007 2:50am
Hello all,

Can anyone uploade the script of Market ryhthem? I want to save it up as a daily reminder.

Thank you very much!

Elaine
  • #7,113
  • Sep 27, 2007 6:15am Sep 27, 2007 6:15am
Quoting BIL2205
Hello . Euro Gave a nice TC off of the 8ma at the close of 00.00 GMt candle.
Hi Nadia, I'm with you on this one. I too have two TPs. Setup is really very beautiful, let's see how it works. The only things I am conserned about is divergency and TL on MACD (see the chart).
Attached Image (click to enlarge)
Click to Enlarge Name: 15.gif Size: 21 KB
  • #7,114
  • Sep 27, 2007 6:18am Sep 27, 2007 6:18am
Quoting Elainehuang
Hello all,

Can anyone uploade the script of Market ryhthem? I want to save it up as a daily reminder.

Thank you very much!

Elaine
Elaine, I think I didn't get your question, what script are you talking about? Please explain so we could help you.

Ira
  • #7,115
  • Sep 27, 2007 6:47am Sep 27, 2007 6:47am
Hi Ira, yes i also wondered about the Divergence only after i open the trade .But i think euro is in in good motion so far so i take the odds on. My first profit target hit for +30 pips at 1.4174.My second lot is still open. Lets see if euro has the strength to make a higher high today. There is news as well today so will watch my trade closely. Good Luck.
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #7,116
  • Sep 27, 2007 7:41am Sep 27, 2007 7:41am
Ok i closed my euro by mistake, was going to bring my stop loss to break even however by mistake the price was still a the current level on order form at 1.4182 and i click ok.( My little one distracted me in ways only kids can ) this happen like 10 min before the news when price was spiking up. so second lot closed at +34 pips. So no complains. I am out for now. no more lots or positions. If something develops in the next 4 hours. then i will plan accordingly. Will watch the market though to learn and maybe do some back testing. Good luck to who still have open positions. May you make plenty of pips.
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #7,117
  • Sep 27, 2007 9:31am Sep 27, 2007 9:31am
Quoting Elainehuang
Hello all,

Can anyone uploade the script of Market ryhthem? I want to save it up as a daily reminder.

Thank you very much!

Elaine
Hello Ira,

Thank you for your quick reply in advance.

What I mean is the document script for Market Ryhthm which is compiled as zip format in Page 290 page 4339 by Phillip.

I used to save it in my old laptop, but it got broken and I want to save it in my new one. However, I found it nowhere now. I found it is very suggestive and want to save it as a daily reminder for one of my trading strategy.

Thanks again for your help again.

Elaine
  • #7,118
  • Sep 27, 2007 9:34am Sep 27, 2007 9:34am
Thanks for everydoby contributed to this thread, I'm newbie to Forex and this good thread. It took long time, about 4 months to go through all the posts. Now I made my first post, just want to keep my learning journey in progress. I learned PHillip Nel's 5 min and 4 hr at same time, and tried to applied them to the demo trades. The problem I meet is that I like use 4 hr to analyze the trade for long or short, but when I tried to open position, I always change chart to 5 min, and to see if there is retracement for better price, and set in front of computer and let price movement to drive my emotion, because I just think that the target I analyzed can't not be reach in one day and no confidence about next day. Could anyone give me some advice? as I believe that 4 hr system should give at least 4 hr freedom. Sorry to ask for more help, anyone from Canada? I use interbank MT 4 for chart analyse which allow the tight stopless like 10 pips, but my broker required the stoploss at least 25 pip for most cross and GBPJYP need 50 pips. Which broker can provide tight stopless in Canada? If no, what should I do during the trade if need 10 pip stoploss for 5 min system.

happy trade to all
  • #7,119
  • Sep 27, 2007 10:15am Sep 27, 2007 10:15am
Quoting Elainehuang
Hello Ira,

Thank you for your quick reply in advance.

What I mean is the document script for Market Ryhthm which is compiled as zip format in Page 290 page 4339 by Phillip.

I used to save it in my old laptop, but it got broken and I want to save it in my new one. However, I found it nowhere now. I found it is very suggestive and want to save it as a daily reminder for one of my trading strategy.

Thanks again for your help again.

Elaine
Elaine, you can go to the http://www.fxtradeblog.com/, click the Method and there you will find lesson 4 for download. Palmer did a very good job making this site as all the important info on the system is in one place.

Ira.
  • #7,120
  • Sep 27, 2007 10:16am Sep 27, 2007 10:16am
Hello here is the daily wrap up from yesterday.Sept 26th.
Sorry guys, not being lazy, just trying to keep up . thankyou for patience.
best wishes
Nadia.
Attached File(s)
File Type: doc daily wrap up sept 26.doc   5 KB | 468 downloads
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
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