4 Hour Strategy (MACD) | Page 490 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #9,781
  • Dec 22, 2007 8:00pm Dec 22, 2007 8:00pm
[quote=Delta;1770738]
Quoting JimDandy


Thanks JimDandy for your post.
I'll download this script, but I can check it after the weekend.

In what days after the weeknd will forex be active?


I think it will open between 27th till 30th of Dec... at least that's my broker's time schedule..

Just enjoy your holiday man, you'll make more pips next year!! =)

Happy holidays
  • #9,782
  • Dec 23, 2007 5:04am Dec 23, 2007 5:04am
Quoting OldDog
No, Delta, Palmer has done a wonderful job of collecting information on his tradeblog website. What I'm suggesting is to make a list, like you did, as to where to find various information on the thread and to give its page and post number the way you did it. We collect this information, organize it and put it on Phillip's thread. It will be updated each week, mostly by copying the old information from the old post to the new one, but we will be able to change and improve it as we see fit. That way, people will know where to look for the written copy or the mp3 that told about certain important information, simply by looking for the updated post at the beginning of each week. For that matter it wouldn't have to be weekly. The index could be reposted each day and the old one erased. There are two jobs involved in this matter. One is to think of important headings such as market rhythm, range bound trading, and the other is to put the location of important posts, mp3's, written copies under those headings. Is that clear?

Ok, I'll try to do such a list of mp3's and written copies.

It will take some time to look through so many posts, but maybe I'll have some times during Christmas.

One for All, All for one.

Merry Christmas and Happy New Year to all Traders!
  • #9,783
  • Dec 23, 2007 9:24am Dec 23, 2007 9:24am
Let the pips snow, Let the pips snow, Let the pips snow..

Merry Christmas and a Happy New Year!
  • #9,784
  • Dec 23, 2007 11:23am Dec 23, 2007 11:23am
I' m still read,practise and backtesting this great System.

Thank to Phillip and all the people that doing this great job here on the thread, helping others to become a good trader.

i also want to say
Merry Christmas and Happy New Year to all of you
  • #9,785
  • Dec 23, 2007 12:34pm Dec 23, 2007 12:34pm
Thankyou everyone for your suppport and wonderful contributions. Enjoy the holidays with your family and Friends. Looking forward to 2008 for a prosperous and successful year in every aspect of life. May you all be Blessed wit happiness, health and wealth. Be safe and Take care.
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #9,786
  • Dec 23, 2007 1:50pm Dec 23, 2007 1:50pm
Quoting Delta
Ok, I'll try to do such a list of mp3's and written copies.

It will take some time to look through so many posts, but maybe I'll have some times during Christmas.

One for All, All for one.

Merry Christmas and Happy New Year to all Traders!
Delta, that's a lot of work, and I don't think you'll have to do that. I have an large list of written copies of mp3's, and I figured out what was making it hard for me to find where they were posted. I had my files' dates listed according to when they were modified instead of when they were created, so the date was changing every time I accessed one of them. All I had to do what change the file list to when they were created, and now I know, roughly, where to find the post! Happy holidays to you, and thank you for such a big offer!
  • #9,787
  • Dec 23, 2007 7:59pm Dec 23, 2007 7:59pm
Hi, i-m new in this thread, and really want to understand how this system works.

Thanks
  • #9,788
  • Dec 23, 2007 9:00pm Dec 23, 2007 9:00pm
Quoting ariefdff
Hi, i-m new in this thread, and really want to understand how this system works.

Thanks
I would work through the lessons:

EDIT: For a summary of the 4 hour system go to page 289 Post 4335.

Then read all the posts (front to back) and then work through the lessons again. That's what worked for me. Trust me, I wish there was an easier way, but I doubt it... But also trust me in saying I doubt you'll regret it when you're done!!!

Then put together a biz plan and start to demo trade...

Good luck
Eric
  • #9,789
  • Dec 23, 2007 9:25pm Dec 23, 2007 9:25pm
the market is open in my platform but it will close 2 pm eastern time ... maybe I'll have the time to spot a perfect setup tomorow cause I habitually d'ont have the opportunity to look at the market during the day cause I'm at work but I guess the market will be slow due to holiday so let's have some time to rest and prepare ourself for the next year of trading. Will be looking back at the pdf and make sure I'm ready to make some pips for the new year!
  • #9,790
  • Dec 23, 2007 9:55pm Dec 23, 2007 9:55pm
Quoting bshadroo
who did catch it?
I have longed it and was kicked out for just 2 pips. I should have set my SL @ previous candle's low point.........
Plan your trades and trade your plans
  • #9,791
  • Dec 24, 2007 3:42am Dec 24, 2007 3:42am
I think I am the first one here who come to the Chirstmas Day because I am from east Asia. I just want to use this opportunity to say something to all the people here.

I just think I am a luck guy who was into the world of forex by chance two years ago when I was about to graduate from college. I was deeply fascinated by this market and began to study it.

During this time I find that it is absolutely not easy to trade forex, because you can't trade successfully without a strategy. You can get lots of profit and also can lose all of them in a time!

Not until came to this thread that I dare to do live trades. I was lucky, a compatriot from Canada told me about this. I am also very luck that my English is not very bad so that I can understand the meaning of it.

What makes me very amzaing is the methodology of Philip. Absolutely open a new window to me. And I also very glad to see so many friends from all over the world make their efford on this system. Selflessness of Philip and you deeply moves me.

Now, I have live trade for 2 month, even though not very good. But I finally make progress, and find out the faults during tradings. I quite have confidence to make profit stably every month as well.

Thanks, all of you. When typing this words, I am going into the Christmas Eve. At his moment, I wish you have a happy and safe holiday and make great success on forex 2008, writting down the wonder with the help of modern technic in new era.

Merry Chirstmas
Plan your trades and trade your plans
  • #9,792
  • Dec 24, 2007 5:08am Dec 24, 2007 5:08am
hi
i'm planning to go short at 114.17.i can see a divergence in h4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: yen.gif Size: 31 KB
  • #9,793
  • Dec 24, 2007 6:15am Dec 24, 2007 6:15am
Quoting bshadroo
hi
i'm planning to go short at 114.17.i can see a divergence in h4 chart
Hi .. i'm new to this..i'm studying the system since a couple weeks.

i was wondering about going short too..coz i see a round top , price approaching resistence (114,19) with very flat angle; but cant see divergence... can u help me?
  • #9,794
  • Dec 24, 2007 6:44am Dec 24, 2007 6:44am
Quoting corvogrigio
Hi .. i'm new to this..i'm studying the system since a couple weeks.

i was wondering about going short too..coz i see a round top , price approaching resistence (114,19) with very flat angle; but cant see divergence... can u help me?
hi
short means sell my friend.and there is a divergence between 113.60 high and 114.20
i sold at 114.17 sl:114.25 tp 114.00
  • #9,795
  • Dec 24, 2007 7:37am Dec 24, 2007 7:37am
Quoting bshadroo
hi
short means sell my friend.and there is a divergence between 113.60 high and 114.20
i sold at 114.17 sl:114.25 tp 114.00

Oh yes...i can see that now!! T.Y. very much.

Have good Pips!
  • #9,796
  • Dec 24, 2007 8:45am Dec 24, 2007 8:45am
Quoting EricthePip
I would work through the lessons:

EDIT: For a summary of the 4 hour system go to page 289 Post 4335.

Then read all the posts (front to back) and then work through the lessons again. That's what worked for me. Trust me, I wish there was an easier way, but I doubt it... But also trust me in saying I doubt you'll regret it when you're done!!!

Then put together a biz plan and start to demo trade...

Good luck
Eric
Hi Eric,

Manage to reading every post one page by one page, will take sometime but I believe will be worthed

Thanks
  • #9,797
  • Dec 24, 2007 9:15am Dec 24, 2007 9:15am
Quoting bshadroo
hi
i'm planning to go short at 114.17.i can see a divergence in h4 chart
Be cautious with going short at such a price. 114.00 is a strong support. At least wait for price to break 114.00. If price can not break 114.00, MACD will turn out to be TC. And have a look at stock market when trade with yen.
NEVER enter a trade JUST because you want to trade.
  • #9,798
  • Edited 1:35pm Dec 24, 2007 10:12am | Edited 1:35pm
Index for thread (This is a work in progress. Suggestions are welcomed):

http://www.fxtradeblog.com/ (Started and maintained by Palmer):
Info. on the 4 Hour MACD Forex Strategy gathered together in one place and available for downloading. Includes downloadable information with weekly updates of Phillip's mp3's and written copies. This involves a lot of hard work, and Palmer is working from the end of the thread back to the beginning to collect this information. The blog also has downloadable tools and indicators that work with the 4 Hour Strategy all collected in one place and information on how to load indicators and templates into MetaTrader. He has downloadable 4Hr and 1Hr charts with lines drawn to mark the beginnings of 4Hr candles on 1Hr charts for the purpose of practicing 4Hr entries and 1Hr supporting entries. There is more but not enough room to put it all here.

SUBJECTS (written copies): For written copies os the 13 lessons and the original PDF introduction, search this thread on pages 395-6, posts 5924-6 or go to the fxtradeblog mentioned above.

EMOTIONS: EmotionalTriggers (Overcoming bad experiences from the past.) Page651Post9764.
EXAMPLES OF TRADING: Summary for Mike (Aug. EURUSD trades with PDF charts)
MARKET EMOTIONS: Candlestick Information Page 493Post 7394. Knowing the System Page541Post8103. Three Little Sisters Page394Post5910
PLANNING: Planning Your Trade Page557Post8349. On Setting Up Plan Page552Post8274
RANGE TRADING: Summary (Trend Channels and Changes in Trends) Page461Post6909. Range Trading 1 & 2 Page535Post8020.
RISK MANAGEMENT: LargeCandleEntrySpread Written copy. (How to reduce your risk on a large candle.) Page651Post9760.
RiskManagement 1 & 2 Page396Post5927 Random & Odds Page 444Post6660.
  • #9,799
  • Dec 24, 2007 10:23am Dec 24, 2007 10:23am
Info
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 31 KB
Attached File(s)
File Type: zip UsdJpy.zip   630 KB | 1,320 downloads
  • #9,800
  • Dec 24, 2007 12:48pm Dec 24, 2007 12:48pm
Quoting cheapmi
Be cautious with going short at such a price. 114.00 is a strong support. At least wait for price to break 114.00. If price can not break 114.00, MACD will turn out to be TC. And have a look at stock market when trade with yen.
yes.i stoped out -8 pips .i knew it was a high risk trade but i just wanted to take 18 pips against -8 loss after:
1-second h4 red signal on my chart
2-in a slow moving market day and it seems that it will be very hard to break up in such a day
but it doesnt work.
then i didnt reverse my position after sl hitted because of the low volume in a slow moving market near holiday and i thought it should not go very high in this slow market and a brak out trade should not be good but it goes almost 25pips after breaking up.
8 traders viewing now