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4 Hour Strategy (MACD)

  • #9,541
  • Edited 11:00pm Dec 15, 2007 10:59pm | Edited 11:00pm
Quoting Dibanos
Thank you Ira for your work doing the daily wrapup for the dont speakers english.

Best regards
Thank you, I'm glad that our work is not useless.
  • #9,542
  • Dec 15, 2007 11:47pm Dec 15, 2007 11:47pm
Quoting pips4uandme
Nice trading last night/today everyone!! Don't worry about the pips left on the table....it seems that when we let it "ride" our stops seem to get hit (Palmer and I have both tried to figure out how to maximize the pippage, and I think we've both come up w/the same conclusion....solid TP's & if you are going to let a lot ride, you move the stop to an area where you will be OK w/number of pips gained if it gets taken out).

OK...it's been a great trading week! Time to get the chores off the table (hmmm....to the gals on the forum -- yup, us "thinkers" -- ever notice how we always have chores too.........OK in all fairness, our chores aren't usually too bad -- hehe-- I have John remodeling the kitchen before Christmas -- and he's almost done w/the new countertops (hopefully today!), I only have to paint the room!

Happy weekend all!

PS...to BenSteveo....I'll get the info on the inside tops up on the forum either today or tomorrow. GBP/USD showed how I enter trades both yesterday and today perfectly using Inside Top entry.
]

Thanks Pips... I'm heading away for 4-5wks so you won't be getting any comments / questions from me. But I look forward to going through it all when I'm back.
Hope everyone has a great Christmas,
Ben
  • #9,543
  • Dec 16, 2007 12:23am Dec 16, 2007 12:23am
This question is for Phillip or for anyone who understands this system. I am farily new to this strategy and am still working on getting it down correctly. The one thing I don't understand is:

What do the "15, 30, 45" levels on the MACD indicator signify? Are we suppose to wait until the bar(s) go above one of those numbers as a sign to enter? I have looked at the rules and listened to the audios but I don't remember seeing or hearing why those numbers have been included with the MACD indicator. Having said that, I may have (and most likely have) somehow missed that information.

Can someone in the know shed some light about those numbers and their funtion in regards to the system?


Topgun
"Success is not a fantasy, it's a formula." - MTI
  • #9,544
  • Dec 16, 2007 3:12am Dec 16, 2007 3:12am
Quoting Topgun_1
This question is for Phillip or for anyone who understands this system. I am farily new to this strategy and am still working on getting it down correctly. The one thing I don't understand is:

What do the "15, 30, 45" levels on the MACD indicator signify? Are we suppose to wait until the bar(s) go above one of those numbers as a sign to enter? I have looked at the rules and listened to the audios but I don't remember seeing or hearing why those numbers have been included with the MACD indicator. Having said that, I may have (and most likely have) somehow missed that information.

Can someone in the know shed some light about those numbers and their funtion in regards to the system?


Topgun
Hi
They only show more or less the overbought oversold status of the currency. They can differ from currency to currency as for the GbpJpy they will be much more spaced. Look at history and see where the oversold turnaround areas is more or less and set your MACD accordingly. I use it because when you are zoomed in a RT might seem big although it is below the 15hor level and not a strong signal but when it occur above the 45 level it might be a strong signal.
  • #9,545
  • Dec 16, 2007 4:53am Dec 16, 2007 4:53am
Quoting ira
Here is a written copy of daily wrapup for the 14th of December for those who have problems in understanding the spoken English.

My congratulations to all who made pips today , well done, especially to Phillip, Nadia and Ashes .

thanks alot for doing this.i know its late to saying thznks but i check the forum only one in week
  • #9,546
  • Dec 16, 2007 5:23am Dec 16, 2007 5:23am
Quoting bshadroo
ok i just want to show u the white TL and ask a question.
as u see we can find a sell signal in macd (VT) 2 weeks ago.the Q is this:can we use this system for very large TF(weekly) or smalls(m5)?
thx
IMO...if it's got rythm it can be traded with this strategy. Go backtest or F12 through higher TF's, you'll notice the same rythm as we get on the 4hr. Notice the rythm on that euro chart you posted, also check the usd/cad monthly.
  • #9,547
  • Dec 16, 2007 5:59am Dec 16, 2007 5:59am
Quoting MtnMan
IMO...if it's got rythm it can be traded with this strategy. Go backtest or F12 through higher TF's, you'll notice the same rythm as we get on the 4hr. Notice the rythm on that euro chart you posted, also check the usd/cad monthly.
yes actually its work in larger TFs,but the main problem is big stop losses.
  • #9,548
  • Dec 16, 2007 6:04am Dec 16, 2007 6:04am
hi phillip,pips4uandme,ira
the itresting question for me is how large do u trade?(10k , 1lot ,10lot ...)
but ofcourse u'll answer if u want and is here anybody trade more than 10lot for each trade?
thx
  • #9,549
  • Dec 16, 2007 9:45am Dec 16, 2007 9:45am
hi
looking for a buy signal next week or wait for breaking down?(we can see a nice weekly divergence on tops)
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  • #9,550
  • Dec 16, 2007 9:50am Dec 16, 2007 9:50am
Quoting ira
Here is a written copy of daily wrapup for the 14th of December for those who have problems in understanding the spoken English.

My congratulations to all who made pips today , well done, especially to Phillip, Nadia and Ashes .
Thanks again, for guys those who compile the mp3 files
Plan your trades and trade your plans
  • #9,551
  • Dec 16, 2007 9:55am Dec 16, 2007 9:55am
Quoting ashes
Hi,

I started backtesting the tatlomi indicators in conjunction with the
4h macd system. interesting results.

Greetings
Ashes, could you tell me what the tatlomi indicators is?
Plan your trades and trade your plans
  • #9,552
  • Dec 16, 2007 12:53pm Dec 16, 2007 12:53pm
Quoting bshadroo
hi
looking for a buy signal next week or wait for breaking down?(we can see a nice weekly divergence on tops)
Hello bshadroo, Good observation. I don't normally trade this pair, but I've been watching that 200SMA on the daily for a while. And there has been talk about it previously on the thread. It's been supporting there for the last year or so. On each of the last 4 support areas (A,B,C, &D), it has made a higher low (HL) and continued it's uptrend. At point B it never came down all the way to the 200, but non-the-less made a HL and found support near the 200. Currently at point E it broke the 200 and made a lower low (LL). So, I would anticipate a breakdown of the 200. But it may support temporarily, pullback towards the top channel 8EMA/21EMA before making a clean break of the 200 down towards the 365. Just my projection, but I could be wrong.
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  • #9,553
  • Dec 16, 2007 2:20pm Dec 16, 2007 2:20pm
Quoting bshadroo
ok i just want to show u the white TL and ask a question.
as u see we can find a sell signal in macd (VT) 2 weeks ago.the Q is this:can we use this system for very large TF(weekly) or smalls(m5)?
thx

Yes, you would need larger stops since one bar = one week. This is where option strategies can come into play.

Website is updated, finally...too much Johnnie Walker last night...
  • #9,554
  • Dec 16, 2007 2:29pm Dec 16, 2007 2:29pm
Great system
Pip Goes The Weasel
  • #9,555
  • Dec 16, 2007 2:37pm Dec 16, 2007 2:37pm
Hi everyone. First, thanks to everyone who posts in this thread, I have learned alot, and my trading has DRASTICALLY improved recently.
Im lookin to go long on the euro at 4380, as its at a 61.8% fib line, and its highly oversold on the 4 hour and 8 hour charts. I think this level should hold up, maybe not in the long run, but I know the dollar seems to be on a rebound lately, and after fridays rally of over 200 pips to the downside on this pair, it makes me really nervous on sundays to place a trade, as I have found they can be very "un tech" friendly sometimes. Sooooo, what do you guys think, can this level hold up?
Jeff
  • #9,556
  • Dec 16, 2007 2:38pm Dec 16, 2007 2:38pm
Quoting Palmer

...too much Johnnie Walker last night...
Hey Palmer,

My favorite too, next to Jack Daniels!

Happy pippin'
  • #9,557
  • Dec 16, 2007 3:50pm Dec 16, 2007 3:50pm
Quoting jeffmelvin
Hi everyone. First, thanks to everyone who posts in this thread, I have learned alot, and my trading has DRASTICALLY improved recently.
Im lookin to go long on the euro at 4380, as its at a 61.8% fib line, and its highly oversold on the 4 hour and 8 hour charts. I think this level should hold up, maybe not in the long run, but I know the dollar seems to be on a rebound lately, and after fridays rally of over 200 pips to the downside on this pair, it makes me really nervous on sundays to place a trade, as I have found they can be very "un tech" friendly sometimes. Sooooo, what do you guys think, can this level hold up?
Jeff

Might be able to get a few pips out of a CT (back to the 8EMA!), but I'd prefer to wait for a retrace Then a TC down off the 8.... (look at all those pips from the 12/14 8:00, 12:00, and 4:00 bars!!) on the TC

Be interesting to see if there is a bounce up on the open.... Don't really want to see a big open gap that gets filled in the first hour down....

Market is moving really fast (along a 3 EMA !!!)... CT's can work, just grab some pips and move the stops to B.Even ASAP

Also would like to see the u/j come back to the 365 or 8ema for, then a TC...

Would also like a Dallas Cowboys chearleader for x-mas... and a new 26' SeaRay.... (settle for 1 of the 2, wife would prefer the boat, I'm sure)....
  • #9,558
  • Dec 16, 2007 4:46pm Dec 16, 2007 4:46pm
Quoting jeffmelvin
Hi everyone. First, thanks to everyone who posts in this thread, I have learned alot, and my trading has DRASTICALLY improved recently.
Im lookin to go long on the euro at 4380, as its at a 61.8% fib line, and its highly oversold on the 4 hour and 8 hour charts. I think this level should hold up, maybe not in the long run, but I know the dollar seems to be on a rebound lately, and after fridays rally of over 200 pips to the downside on this pair, it makes me really nervous on sundays to place a trade, as I have found they can be very "un tech" friendly sometimes. Sooooo, what do you guys think, can this level hold up?
Jeff
Jeff: Welcome to the thread! Eric's got the idea here...wait for a valid signal. The EU is oversold and is do for a few pips to the upside but just make sure that the charts are telling you to go long. I have the next target to the downside at 4364, the 38.2 level, then down to the 23.6 level which lines up with the top of the old up-channel on the daily. Im watching the 5min, when I can, for a few to the upside but only for a '5 minute trend'.

See chart: the only useful info in this post...

Nipper: Yes, our hottie bartendress was feeding us the Gold label at the Black label price. It must have been my overt coolness coming through....NOT.

Eric: Although I'm a Steelers fan, if you happen to get two of those cheerleaders, may I have one? I don't think your wife would mind. The SeaRay would be a nice addition but I do well enough bumming rides on my buddies boats for the offshore stuff. I do a lot of wadefishing the flats here in the panhandle for trout, redfish and the occasional cobia. I'm thinking more in line with a 2008 Nissan 350Z Grand Touring edition to go along ith the 1978 280Z I'm restoring. Maybe 'pips' will buy that for me.....
Attached Image
  • #9,559
  • Dec 16, 2007 6:32pm Dec 16, 2007 6:32pm
Quoting jeffmelvin
...Im lookin to go long on the euro at 4380, as its at a 61.8% fib line, and its highly oversold on the 4 hour and 8 hour charts. I think this level should hold up, maybe not in the long run, but I know the dollar seems to be on a rebound lately, and after fridays rally of over 200 pips to the downside on this pair, it makes me really nervous on sundays to place a trade, as I have found they can be very "un tech" friendly sometimes. Sooooo, what do you guys think, can this level hold up?
Jeff
I usually don't trade on Sunday either, but after Friday's major pipage, I expected at least a little pull back. My broker opened with a gap down about 20 pips and then down to the 1.4376 mark from 1.4420. Phillip said that the market usually has a habit of picking up the gap (danged bucket shops....). Long story long, I picked up 22 to the upside between 1730, EST and 1900 with a TP at 1.4420.
Not bad for a Sunday hangover. Still nursing the big head from our Christmas Boat Parade party last night (Florida West Coast). Plenty of Sea Rays with cheerleaders on board...wife included...

Lets get some more pips this week! Standing by for a TC later this evening or ma~nana.
Frick
  • #9,560
  • Dec 16, 2007 6:42pm Dec 16, 2007 6:42pm
Quoting Foricks
I usually don't trade on Sunday either, but after Friday's major pipage, I expected at least a little pull back. My broker opened with a gap down about 20 pips and then down to the 1.4376 mark from 1.4420. Phillip said that the market usually has a habit of picking up the gap (danged bucket shops....). Long story long, I picked up 22 to the upside between 1730, EST and 1900 with a TP at 1.4420.
Not bad for a Sunday hangover. Still nursing the big head from our Christmas Boat Parade party last night (Florida West Coast). Plenty of Sea Rays with cheerleaders on board...wife included...

Lets get some more pips this week! Standing by for a TC later this evening or ma~nana.
Frick
Must be nice.... my 18' is in the garage with 8" of snow in the driveway.... Great job on the pips on the gap....
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