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4 Hour Strategy (MACD)

  • #9,801
  • Dec 24, 2007 12:49pm Dec 24, 2007 12:49pm
Dear Friends!

I wish you all the best in the coming year. Let us be wiser, patient and disciplined - and the rest will come! It's time to buy huge bags for coming pips !

Merry Christmas and happy New Year!
  • #9,802
  • Dec 24, 2007 1:02pm Dec 24, 2007 1:02pm
I wish you all people a great Merry Christmas! ciao
  • #9,803
  • Dec 24, 2007 1:15pm Dec 24, 2007 1:15pm
Quoting Phillip Nel
Info
Happy Holidays to All...
Attached File(s)
File Type: doc UsdJpy Written Copy 12_24_2007.doc   23 KB | 599 downloads
  • #9,804
  • Dec 24, 2007 1:34pm Dec 24, 2007 1:34pm
Merry Christmas and Happy New Year to all of you that follow this thread and so greetings to Phillip and all people that made possible this fantastic forum.






  • #9,805
  • Dec 24, 2007 7:41pm Dec 24, 2007 7:41pm
Quoting EricthePip
Happy Holidays to All...

SUPER fast writing!

Thank Phillip for the nice analysis of the yen.
NEVER enter a trade JUST because you want to trade.
  • #9,806
  • Dec 25, 2007 4:35am Dec 25, 2007 4:35am
Quoting Phillip Nel
Info
hi philip
thx for analyse.i draw the channel as u see in my picture,some parallel lines on shadows but i recognize that your channel is different.am i right in drawing parralel lines?
Attached Image (click to enlarge)
Click to Enlarge Name: yen.gif Size: 35 KB
  • #9,807
  • Dec 25, 2007 9:06am Dec 25, 2007 9:06am
Quoting bshadroo
hi philip
thx for analyse.i draw the channel as u see in my picture,some parallel lines on shadows but i recognize that your channel is different.am i right in drawing parralel lines?
I personally dont draw them that way but if you found it to work for you it is OK. As long as the price is confined within a boundary of support and resistance. If you find over time it does not work then you must draw them differently until it fits the pair as to its history.
Phillip
  • #9,808
  • Dec 25, 2007 12:07pm Dec 25, 2007 12:07pm
Could someone show what the letters mean on the macd vt rb and so on cant open WORD has a runtime error. Thanks
  • #9,809
  • Dec 25, 2007 1:16pm Dec 25, 2007 1:16pm
Quoting Moiuntain
Could someone show what the letters mean on the macd vt rb and so on cant open WORD has a runtime error. Thanks
VT = V Top,
VB = V Bottom,
RB= Round Bottom,
RT= Round Top
TC = Trend Continuation
...
NEVER enter a trade JUST because you want to trade.
  • #9,810
  • Dec 25, 2007 1:26pm Dec 25, 2007 1:26pm
Hey i wanna thank u all for Xmas wishes and give u all back a merry Xmas too! (sorry if I'm a bit too late 4 some of you)

Moreover I cant help to send special thanks to Erich the Pip for his so fast Transcription so helpful for people like me not managing so good spoken english.

When i saw the Phill's mp3 yesterday i couldnt hope i could read it so early!

I printed it right now and im going to read..im so anxious ...as i was one of them who wanted to go short on usd/jpy yesterday and now i can know where my analysis was wrong.

Many greetings to all of u again.
  • #9,811
  • Dec 25, 2007 1:37pm Dec 25, 2007 1:37pm
Quoting Moiuntain
Could someone show what the letters mean on the macd vt rb and so on cant open WORD has a runtime error. Thanks

Hi! i'm still new to this but i can say 4 sure that RB means Round Bottom (its one of MACD patterns as Phill defined in Lesson 0) I dont know instead about VT Anyway u can go to page 396 post 5926 and dowload the zip file (lesson8-13) In lesson 9 there is the full explanation about macd patterns names and related shortcut. (b t w in previous page 395 u can get previous lessons)

Bye bye and merry Xmas
  • #9,812
  • Dec 26, 2007 3:11am Dec 26, 2007 3:11am
Happy new years

lets get the more pips for next year
  • #9,813
  • Dec 26, 2007 8:15am Dec 26, 2007 8:15am
Quoting ira
Dear Friends!

I wish you all the best in the coming year. Let us be wiser, patient and disciplined - and the rest will come! It's time to buy huge bags for coming pips !

Merry Christmas and happy New Year!
Ira, your Words are really motivating for my self, like a new trader that I am. Especially the ones “It's time to buy huge bags for coming pips” That is what I call to wish a HAPPY NEW YEAR 2008.

Happy New Year
  • #9,814
  • Dec 26, 2007 9:37am Dec 26, 2007 9:37am
Helllllllooooooooooooooooo evryone! Just dropping a quick note here. I've got some updates coming for the site:

1) A quote screen for about 10 pairs.
2) Auto-updated mini Java charts

Still working with the Java stuff. Hoping that you don't HAVE to use Explorer to see the quotes/charts or download a specific Java module linked with Saxo Bank (only content I could find). If this turns out to be the case I will not included any of it.

3) An expanded 1hr entry page that ONLY goes in the direction of the 4hr trend. This will be a systematic approach; yes or no then enter. I've got the green light from Phillip to add this but as usual, he must approve it before it gets posted.

4) A full years worth of the 4hr and 1hr charts to print out on the EURUSD to make notes on or use as kindling.

I'll re-post when it's good to go....
  • #9,815
  • Dec 26, 2007 11:50am Dec 26, 2007 11:50am
Hello Philip!

Had a very brief look at your system. It is very detailed, so I will take some time to read it and fully comprehend, before I attemt to use.

Thanks for the time and the effort you have contributed to assisting in trading the Forex Market.

Success to you.
  • #9,816
  • Dec 26, 2007 12:18pm Dec 26, 2007 12:18pm
Taken from page 304, post 4546. Phillip's response to post 4542 by pips4uandme.
Attached File(s)
File Type: doc Important Info- WrittenCopy from Page304 Post4546.doc   8 KB | 804 downloads
  • #9,817
  • Edited 2:38pm Dec 26, 2007 12:28pm | Edited 2:38pm
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 on 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) Page439Post6580 Market Motion Page641Post9602
BASICS: Important Info. Page655Post9817
MARKET EMOTIONS: Candlestick Information Page493Post7394. Knowing the System Page541Post8103. Three Little Sisters Page394Post5910
PLANNING: Planning Your Trade Page558Post8368. On Setting Up Plan Page552Post8274 (Phillip's post).
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.) Page652Post9772.
RiskManagement 1 & 2 Page397Posts5943 & 5946 Random & Odds Page444Post6660. Trailing Stop Page640Post9592. Temp (stop loss spread) Page641Post9612.


Somehow, I was typing out page and post numbers for the mp3's and not the written copies. I've gone through it from start to finish, now, and the numbers should all refer to the written copies. Usually the written copies refer to the location of the mp3 or are close to them. --I've just realized that I cannot edit or erase a post from a previous day, so I will, probably only update this index when I'm ready to add a significant amount of information to it.
  • #9,818
  • Dec 26, 2007 3:53pm Dec 26, 2007 3:53pm
EURUSD

Hi all, can anybody give me advice on the analysis of the EURUSD 4Hr and 1Hr MACD please. At the moment it is trading at 1.4491, and I would like it to see it come down to the 21 SMA. This is based upon a maybe ˝ formed round top coming about and that we are below the 89 thus depicting a downtrend. In addition, the 1 Hour is showing selling towards the 21 SMA. Any feedback would be much appreciated.

Many thanks,
C

The dashed purple line is the 21 and solid purple is the 89.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 17 KB
Click to Enlarge Name: 1hr.gif Size: 15 KB
"Be the change you want to see in the world" - Gandhi
  • #9,819
  • Dec 26, 2007 5:06pm Dec 26, 2007 5:06pm
i went long at 1.1517 sl:a.1488 tp:1.1550
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 34 KB
  • #9,820
  • Dec 26, 2007 5:12pm Dec 26, 2007 5:12pm
Quoting cchoudhu
EURUSD

Hi all, can anybody give me advice on the analysis of the EURUSD 4Hr and 1Hr MACD please. At the moment it is trading at 1.4491, and I would like it to see it come down to the 21 SMA. This is based upon a maybe ˝ formed round top coming about and that we are below the 89 thus depicting a downtrend. In addition, the 1 Hour is showing selling towards the 21 SMA. Any feedback would be much appreciated.

Many thanks,
C

The dashed purple line is the 21 and solid purple is the 89.
Just got a signal on the 4HR RT on the MACD. Would have it preferred for it to find resistance on the 89, however, looks like resistance on the whole number instead (1.4500). 4 hours worth of resistance on the 1hr chart, followed by a doji and the big 2100 candle down. 4 Hour showing a overbought condition. Plenty of room down to the 8ema. Short from 1.4483, SL at 1.4509, TP1 1.4458, TP2 at 1.4433, tp3 TBD....
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