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4 Hour Strategy (MACD)

  • #8,721
  • Nov 26, 2007 2:12pm Nov 26, 2007 2:12pm
this type of information for me is
very interesting

Quoting Phillip Nel
I went long the EurUsd

4H ZB/TC with 1H confirming

Entry 1.4855
SL 1.4821
1st TP 1.4880
2nd TP +1.4920
Financial Freedom
  • #8,722
  • Nov 26, 2007 2:15pm Nov 26, 2007 2:15pm
Ryan: Nice short on the Yen..

I went with the EUR$ again with another 1hr bull candle on the 4hr 21 bounce as Phillip "Jedi Master of the Charts" did...
Attached Image
  • #8,723
  • Nov 26, 2007 2:20pm Nov 26, 2007 2:20pm
Quoting Phillip Nel
I went long the EurUsd(had some connection problems during the day)

4H ZB/TC with 1H confirming

Entry 1.4855
SL 1.4821
1st TP 1.4880
2nd TP +1.4920


Edit 1
1.4880 was hit. Closed 50% for +23pips
Remainder to BE
Hep Phillip,

I noticed on your chart you posted a tc change. But the macd never turned red then back to green. I may have learned something here that I did not realize before. Can a macd pattern form without the pattern turning the opposite color first? Or can a macd pattern form with the pattern staying the same color as above.
  • #8,724
  • Nov 26, 2007 2:24pm Nov 26, 2007 2:24pm
Quoting Palmer
Ryan: Nice short on the Yen..

I went with the EUR$ again with another 1hr bull candle on the 4hr 21 bounce as Phillip "Jedi Master of the Charts" did...
Nice to see I think like you too. May this one run.
Good luck
  • #8,725
  • Nov 26, 2007 2:24pm Nov 26, 2007 2:24pm
Quoting alexfot
Hi, ryan! You said once, that you traded only 5min before, now you trade only 4H, that's a huge shift, are you comfortable with it?
It took about 2-3 months. Trading is trading. It's like driving a new car
Keep taking CT trades, I need more money
  • #8,726
  • Nov 26, 2007 2:25pm Nov 26, 2007 2:25pm
Out of both +160 on them. Back to bed, sick today
Keep taking CT trades, I need more money
  • #8,727
  • Nov 26, 2007 2:28pm Nov 26, 2007 2:28pm
Anyone else notice when dow goes down the US$ goes down as well? I was short the US$ on 2 and they both won as the market went down. I have seen this several times now.
Keep taking CT trades, I need more money
  • #8,728
  • Nov 26, 2007 2:33pm Nov 26, 2007 2:33pm
Quoting JimTatum
Hep Phillip,

I noticed on your chart you posted a tc change. But the macd never turned red then back to green. I may have learned something here that I did not realize before. Can a macd pattern form without the pattern turning the opposite color first? Or can a macd pattern form with the pattern staying the same color as above.

Have a look at this chart and see the MACD motion and the price off the 200 and the 8ema. The bar does not really have to be red. There just have to be some confirmation beforehand. Pullback to the 200 before moving off the 200 finding support.

The trade I did with EurUsd the main signal was the ZBreak before the TC(MACD bars almost the same value) was the key. The ZB was the main signal but I missed it with the connection problems as well as the candle being big. The second chance was off a pullback and 1H confirming.
http://c:\eduvest\4 Hour Strategy 1.gif
Attached Image
  • #8,729
  • Nov 26, 2007 3:00pm Nov 26, 2007 3:00pm
Quoting Ryanmcd
Anyone else notice when dow goes down the US$ goes down as well? I was short the US$ on 2 and they both won as the market went down. I have seen this several times now.
I've noticed it more in the yen pairs (G/J, A/J, E/J). Credit woes bad for both the equity markets and "cheap money" (carry trade).

Great to see all the 'ole timers' on the thread making lots of pips and more importantly for us newbies, being willing to share and explain there actions. Thanks again. Just re-listened to the lessons after reading the thread. Ready to log some demo trades
  • #8,730
  • Nov 26, 2007 3:07pm Nov 26, 2007 3:07pm
Quoting EricthePip
I've noticed it more in the yen pairs (G/J, A/J, E/J). Credit woes bad for both the equity markets and "cheap money" (carry trade).

Great to see all the 'ole timers' on the thread making lots of pips and more importantly for us newbies, being willing to share and explain there actions. Thanks again. Just re-listened to the lessons after reading the thread. Ready to log some demo trades
Just take your time, Really once you get good at trading it's the most boaring thing in the world but once you get to this point you have made it
Keep taking CT trades, I need more money
  • #8,731
  • Nov 26, 2007 3:18pm Nov 26, 2007 3:18pm
Quoting Ryanmcd
Just take your time, Really once you get good at trading it's the most boaring thing in the world but once you get to this point you have made it
Thanks Ryan for the encouragement. Boring is good, I have kids to give me grief...(and a wife)...

(not to mention a boss )
  • #8,732
  • Nov 26, 2007 3:42pm Nov 26, 2007 3:42pm
Quoting EricthePip
Thanks Ryan for the encouragement. Boring is good, I have kids to give me grief...(and a wife)...

(not to mention a boss )

That's why I got rid of mine (no kids) about 7 years ago!! But, as usual there was a lot more to it than just grief....Boredom time just = more time for chart time. It'll come to you, patience is a huge factor. Patience with the learning curve and patience with the markets..

Ryanmcd: Yes, there has been a correlation with the Dow and some of the pairs the last several months, sign of the times I guess..
  • #8,733
  • Nov 26, 2007 5:26pm Nov 26, 2007 5:26pm
Quoting Palmer
That's why I got rid of mine (no kids) about 7 years ago!! But, as usual there was a lot more to it than just grief....Boredom time just = more time for chart time. It'll come to you, patience is a huge factor. Patience with the learning curve and patience with the markets..

Ryanmcd: Yes, there has been a correlation with the Dow and some of the pairs the last several months, sign of the times I guess..
Actually for me boredom=fishing/boating time.... Just installed a 22" Samsung LCD monitor, so maybe now chart time will be more fun!!
  • #8,734
  • Nov 26, 2007 6:03pm Nov 26, 2007 6:03pm
usd/jpy might be setting up a potential future CT signal on the 4 hr chart. Price has been at a new low but the macd hasn't.
  • #8,735
  • Nov 26, 2007 6:11pm Nov 26, 2007 6:11pm
A heads up of possible resistance if we get a CT signal on the usd/jpy 4 hr. Both trendlines intersect around 109.42 on my charts.
Attached Image (click to enlarge)
Click to Enlarge Name: usd.jpy.gif Size: 26 KB
  • #8,736
  • Nov 26, 2007 7:23pm Nov 26, 2007 7:23pm
Quoting trader_scott
usd/jpy might be setting up a potential future CT signal on the 4 hr chart. Price has been at a new low but the macd hasn't.

You will lose a lot of money chasing these type of trades. Why not just go with the trend? It works, is easy and over 80% winners. I guess some people want to work really hard for there money, I will take the +160 easy trade days any day vs trying to be a hero and catch the trend change. You can CT trade if you want, someone has to be wrong right I will never understand why people make this so hard.
Keep taking CT trades, I need more money
  • #8,737
  • Nov 26, 2007 7:26pm Nov 26, 2007 7:26pm
Quoting EricthePip
Actually for me boredom=fishing/boating time.... Just installed a 22" Samsung LCD monitor, so maybe now chart time will be more fun!!
lol so true. 500+ a month is not so bad if you just follow the trend and let the winners ride. 95%+ of the trades make over 50 pips, 80% 70 pips and about 50% make over 100. I see a lot of people cutting trades way too soon for 20-30 when they could of traded less, had less risk, and made more money.
Keep taking CT trades, I need more money
  • #8,738
  • Nov 26, 2007 7:42pm Nov 26, 2007 7:42pm
Ryan... I agree it is much easier trading with the trend. I just thought I'd give people a heads up for their radar. We'll see once an actual signal occurs what the risk/reward is, and I would also like a bullish candlestick to go with the signal. If all of the planets align then I might take the trade.
  • #8,739
  • Nov 26, 2007 7:53pm Nov 26, 2007 7:53pm
Quoting Ryanmcd
You will lose a lot of money chasing these type of trades. Why not just go with the trend? It works, is easy and over 80% winners. I guess some people want to work really hard for there money, I will take the +160 easy trade days any day vs trying to be a hero and catch the trend change. You can CT trade if you want, someone has to be wrong right I will never understand why people make this so hard.
I used to go with CT's and this is the one system that almost makes it tempting for me. 100% winners this month since I stopped going against the trend. All you had to do was look at the usdjpy this morning. Perfect TC trades.
  • #8,740
  • Nov 26, 2007 10:08pm Nov 26, 2007 10:08pm
made a 4 hr CT signal, but I'll take a pass. The big signal bar took all the reward out of it.
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