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4 Hour Strategy (MACD)

  • #7,241
  • Oct 6, 2007 10:46am Oct 6, 2007 10:46am
Quoting giogio15
Philip how do you think if I'll use 0.3 0.6 0.9 etc. instead of o.15 0.3 .45 etc. macd levels will it change something in acuracy of signals?
Not at all. Those Hor lines only gives an indication to me of the overbought/oversold levels. When one zooms in and does not have them on you can see a tiny RT just below the 15level as a real oppertunity which can be false. That is all why I have them there.
  • #7,242
  • Oct 6, 2007 5:47pm Oct 6, 2007 5:47pm
Quoting shinny
Hi Linda,

I print the forex factory calendar out each week and pin it on my board. Also, if you click on the furthest right column next to each item, it will give you some interesting info about consensus etc. Also, I have Thomson news wires through my broker, which is a top class research and news analysis service.

On other topics, a good week seems to be had by all in the thread. Interesting with the nfp, that it wasnt the 110k figure, but the 89k revision that sent evertything into a fizz!! eurusd was massively bought at 140.35/50 by latam, mideast and e euro players and has propped up nicely. Where next??? eurusd @ 1.45??

Have a nice weekend everybody, and best of luck for next week (no tokyo on monday).

Cheers, shinny
Dear Shinny,

Thanks for the reply, and it's Benni, not Linda =)
Oh, what broker are you using? I'm currently looking for a broker too, since some broker doesn't accept a British Columbia bank account...

Have a good thanksgiving weekend !
  • #7,243
  • Oct 7, 2007 2:16am Oct 7, 2007 2:16am
So you recomend to use levels 15, 30, 45 etc. on every currencie pairs yes?


And please post coment about this chart posted below,
Attached Image (click to enlarge)
Click to Enlarge Name: pointSSSS.JPG Size: 116 KB
  • #7,244
  • Oct 7, 2007 4:49am Oct 7, 2007 4:49am
Hi Philip,

I want to seek your clarification on the MA's used for 5min chart. Earlier setup is 21/10 ema and 50 sma. But on your 1 hr entry at fxtradeblog,you seemed to be using 21/8 ema setup on all charts. Can you please clarify which ma is more accurate to use?

Thanks.
  • #7,245
  • Oct 7, 2007 6:36am Oct 7, 2007 6:36am
Quoting fxhaz
Hi Philip,

I want to seek your clarification on the MA's used for 5min chart. Earlier setup is 21/10 ema and 50 sma. But on your 1 hr entry at fxtradeblog,you seemed to be using 21/8 ema setup on all charts. Can you please clarify which ma is more accurate to use?

Thanks.
Hi
This is a 4Hour strategy thread with different moving averages as the 5minute system which is totally appart from this thread.
Thanks
Phillip
  • #7,246
  • Oct 7, 2007 6:42am Oct 7, 2007 6:42am
Quoting giogio15
So you recomend to use levels 15, 30, 45 etc. on every currencie pairs yes?


And please post coment about this chart posted below,

Your entries as on the graph is not in harmony with the 4H MACD rules. See Page 482 and Post 7221 for a complete rhythm cycle and where to anticipate high probability trades. See also page 289 and on from post 4335 for 13 lessons on this 4H MACD system as a summary and introduction.
Phillip
  • #7,247
  • Oct 7, 2007 8:20am Oct 7, 2007 8:20am
More info on the website....

There are two new .pdf files on the Tools page.

Homework!!!

One file is for the 4 hour charts on the EURUSD from Jan 1 through the 1st week of October and the second file is the 1 hour charts for the same period. The idea here is to print the charts out and make handwritten notes on the MACD patterns and how price reacts to the moving averages. This is a good exercise to train your brain and with the method. I'll update these at the end of the year to have full calendar year of charts....
  • #7,248
  • Oct 7, 2007 8:27am Oct 7, 2007 8:27am
Thanks people that you help me and others to become an expert in this field of analysis. You know I like this type of analysis very much!!! I want to become skilled in this field I hope you advices and suggestions will help me to become better!
  • #7,249
  • Oct 7, 2007 8:36am Oct 7, 2007 8:36am
Phillip do you have a skype account?
  • #7,250
  • Oct 7, 2007 8:39am Oct 7, 2007 8:39am
palmer can you provide us with a link?
pleaseee-)
  • #7,251
  • Oct 7, 2007 9:13am Oct 7, 2007 9:13am
please take a look at this chart... Thanks a lot! I think now I undertand what do you meant in Planning your TRadEEE
Attached Image (click to enlarge)
Click to Enlarge Name: poinsa1.JPG Size: 127 KB
  • #7,252
  • Oct 7, 2007 10:01am Oct 7, 2007 10:01am
Quoting giogio15
palmer can you provide us with a link?
pleaseee-)
Skype name chanan13.
Phillip
  • #7,253
  • Oct 7, 2007 10:31am Oct 7, 2007 10:31am
Quoting giogio15
palmer can you provide us with a link?
pleaseee-)
The link is part of my signature here:

http://www.fxtradeblog.com

Click on the Tools link...
  • #7,254
  • Oct 7, 2007 11:36am Oct 7, 2007 11:36am
Hey Phillip, I was talking to you on Friday about the eur/usd. We talked about having patience and waiting for it to move back and close across the 21 then moving back to the 21 for the entry contining the up trend.
Would you consider the big news bar that closed above 21 (with the big tail) the move away. Then the next bar comes back to the 21 and closes. Could we look for the next bar to be the entry? since the macd gives trend contiuation pattern. I guess need to see how it opens up on Sunday. What are your thoughts?
  • #7,255
  • Oct 7, 2007 2:13pm Oct 7, 2007 2:13pm
Info
Attached File(s)
File Type: pdf Weekly Anticipation.pdf   84 KB | 1,078 downloads
File Type: zip Weekly Anticipation.zip   698 KB | 1,583 downloads
  • #7,256
  • Oct 7, 2007 2:48pm Oct 7, 2007 2:48pm
Phillip,

Thanks for your thoughts. It really helped me to evaluate my thoughts on this week.
  • #7,257
  • Oct 7, 2007 2:56pm Oct 7, 2007 2:56pm
Phillip, on my chart ( I am using metatrader4 the 4hr candle with the long tale and the next red candle both pierced the 21 ema and the big green tailed candle closed above it.. Why did your chart look different?
  • #7,258
  • Oct 7, 2007 3:32pm Oct 7, 2007 3:32pm
Is this strategy still working? anyone hae full results for this year?
Trading for a living!
  • #7,259
  • Oct 7, 2007 3:33pm Oct 7, 2007 3:33pm
Also, was the strategy changed or is it the same as post 1?
Trading for a living!
  • #7,260
  • Oct 7, 2007 3:33pm Oct 7, 2007 3:33pm
please take a look at another my chart! Seems that market rhythm is really a great thing!
Attached Image (click to enlarge)
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