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4 Hour Strategy (MACD)

  • #9,001
  • Dec 2, 2007 5:47pm Dec 2, 2007 5:47pm
Hey Palmer!!!

Thank you!!! You So ROCK!!!!!
  • #9,002
  • Dec 2, 2007 6:35pm Dec 2, 2007 6:35pm
Japan market opens in 27 minutes and the USDJPY is looking to set up for a TC possibly.

Exciting.
  • #9,003
  • Dec 2, 2007 8:15pm Dec 2, 2007 8:15pm
Quoting unlv_tj
Japan market opens in 27 minutes and the USDJPY is looking to set up for a TC possibly.

Exciting.
Hi Unlv_TJ,

Would you please help me to figure out how the TC is ?

Thanks
  • #9,004
  • Dec 2, 2007 8:21pm Dec 2, 2007 8:21pm
TC = Trend Continuation.
  • #9,005
  • Dec 2, 2007 8:21pm Dec 2, 2007 8:21pm
Quoting Forex4H
Hi Unlv_TJ,

Would you please help me to figure out how the TC is ?

Thanks
TC will be when (and if) the yen changes direction to the upside (trend continuation) and the MACD signal turns back to green on your 4Hr chart. 23:00 and 00:00 bars are red.
  • #9,006
  • Dec 2, 2007 9:31pm Dec 2, 2007 9:31pm
Quoting nklin88
hi, i m new here, i cant read all post in short time, can tell me what is the performance by month since this strategy is used...

or pls post a link to the pages

thanks

and november is great (is it for gbp / usd & eur / usd or other pairs)
Hi,

Do you mean my performance or else? Here I include my trading log for the months.

The reason why I include such detail on November because I started live on November, and I started to get serious about this method since October.

Have a great pips.
Attached File(s)
File Type: xls TradingLog2007.xls   42 KB | 824 downloads
File Type: zip October.zip   8 KB | 511 downloads
  • #9,007
  • Dec 2, 2007 10:21pm Dec 2, 2007 10:21pm
thanks http://www.forexfactory.com/customav...tar39391_1.gif benniardi
The Eureka!
  • #9,008
  • Dec 3, 2007 1:27am Dec 3, 2007 1:27am
Hi all

It was a nice RB for both GBP and EUR ..

GBP
Entry at 2.0571 stop loss at 2.0533 (33 pips) TP @ 2.0620 (49 pips) Good R:R

EUR
Entry @ 1.4677 stop @ 1.4634 (33 pips) TP@ 2.4740 (63 pips) Good R:R

but remind we are against the trend

Good luck

Ammar
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  • #9,009
  • Dec 3, 2007 1:47am Dec 3, 2007 1:47am
Quoting aboammar
Hi all

It was a nice RB for both GBP and EUR ..

GBP
Entry at 2.0571 stop loss at 2.0533 (33 pips) TP @ 2.0620 (49 pips) Good R:R

EUR
Entry @ 1.4677 stop @ 1.4634 (33 pips) TP@ 2.4740 (63 pips) Good R:R

but remind we are against the trend

Good luck

Ammar
I also have taken the RB on the E/U, wanted to post it beforehand, but when I was writting this post my first TP was hit +22, the rest is set to b/e. My entry was 1.4673 SL 1.4636 TP1 1.4695 TP2 1.4720.
This trade was with the rules: price went through 89 we can take the trade back to the 21, but I'm not sure if the price will go so far, that's why my first TP was on the 8MA and the second between 8 and 21.

Phillip, in one of your MP3's you said that you close one lot somewhere +20 - 25 and the rest is set to breakeven. Thanks for this, I also can't monitor my deals and very often the price went +20 and then my SL was hit, it's so frustrating! But now when I follow your way, like today's trade I feel much better. I also started to backtest this way, and results are much better!

I have a question to everyone, do you guys think that signals on Monday are reliable? The price may be in consolidation after the weekends, not knowing its direction. What do you think?
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  • #9,010
  • Dec 3, 2007 3:20am Dec 3, 2007 3:20am
Quoting ira
I have a question to everyone, do you guys think that signals on Monday are reliable? The price may be in consolidation after the weekends, not knowing its direction. What do you think?
IMHO, I do not think Sunday opening signals are reliable for the reason you quoted - consolidation but also news, emotion, etc. Sunday night has accounted for <4% of my trades in the past year (15 of 480) and has an average return of -15 pips. My past two Sundays, I have made some impulse trades and had my hat handed to me for -30 pip losses. I know better and have had to play catchup for the rest of the week. My dicipline is usually to wait until the London Open at a minimum on Monday morning. This morning, I did and it paid off on the CAD. Action had rallied down to .9970 at market open. I did not try to catch the CT, but sat on my hands and did my homework (tough to type with my nose ). As expected price stagnated until the LO. Fourty min past the LO, I jumped in at the 8ema break up at 1.0000 (BOZ on the 1hr chart) and just closed at 1.0036 for +36 pips. The takeaway is that the first few hours can go either way and it takes patience to wait for the market to tell you where it is going. It's a long way to Friday and there will be plenty of opportunities for trades.
Just my personal observations, your comments are appreciated.
Rick
  • #9,011
  • Dec 3, 2007 4:57am Dec 3, 2007 4:57am
nice RB for GBP with long tial and R:R is good and the target will be 89 or 200
Next we are waiting to break the zero or TC

Ammar
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  • #9,012
  • Dec 3, 2007 7:39am Dec 3, 2007 7:39am
Hey folks !

What do u think about nzd\usd and aud\usd ?
  • #9,013
  • Dec 3, 2007 8:19am Dec 3, 2007 8:19am
Quoting 4newbie
Hey folks !

What do u think about nzd\usd and aud\usd ?
I've got my eye on them but personally I'm not seeing enough solid price action to confirm a trade for me yet.

In fact all the pairs I trade are too flat for trading today, I suppose the heavy news week ahead is keeping the markets quiet.
  • #9,014
  • Dec 3, 2007 8:31am Dec 3, 2007 8:31am
Quoting 4newbie
Hey folks !

What do u think about nzd\usd and aud\usd ?
I almost never trade these pairs but I prefer aud\usd because it follows the market rhythm better, nzd\usd was a stops killing machine in last weeks (look the long tails).
I would wait for good signals in aud/usd after interest rate decision tomorrow.
Have nice pips!
  • #9,015
  • Dec 3, 2007 9:06am Dec 3, 2007 9:06am
Looks to be setting up nicely. Touched the 4 hour 21 EMA on the last bar. Close to the 21 EMA as I type this. I am just waiting for a signal at this point from the MACD or the H1 chart.
  • #9,016
  • Edited 10:31am Dec 3, 2007 10:15am | Edited 10:31am
Info

Just another way to get a few pips in the pocket. When price breaks out, allways wait for a possible pullback and confirm with shorter timeframe like 1hour.
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  • #9,017
  • Dec 3, 2007 10:21am Dec 3, 2007 10:21am
Quoting unlv_tj
Looks to be setting up nicely. Touched the 4 hour 21 EMA on the last bar. Close to the 21 EMA as I type this. I am just waiting for a signal at this point from the MACD or the H1 chart.

I entered part of my position @ the open of my 16:00 hr bar. (110.48)

stop @ 110.07
target 110.90

*I am trying to pick up another part ~ 110.32.

*The entry was using the 1 hr chart, but used the 4hour as the signal.
  • #9,018
  • Dec 3, 2007 10:27am Dec 3, 2007 10:27am
Quoting Phillip Nel
Info
An interesting thing is if you also drew a middle line in the downtrend channel it looks like it would intersect the uptrend line right where the eur turnaround.
  • #9,019
  • Dec 3, 2007 2:05pm Dec 3, 2007 2:05pm
How about a long at USDJPY?

We got a doji on 4h between the 8 and 21 MA and now a TC on the 1h.
  • #9,020
  • Dec 3, 2007 2:33pm Dec 3, 2007 2:33pm
Quoting janson
How about a long at USDJPY?

We got a doji on 4h between the 8 and 21 MA and now a TC on the 1h.
It depends on your brokers feed. I had a confirmation on the 1 hr a few hours ago and entered the trade. I have an order to add to my position @ 110.32, but the last two hours it has come within one pip of it. My charts also show usd/jpy bouncing off the 21 two candles ago.
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