4 Hour Strategy (MACD)

cc:

I see what you see. Price has pulled significantly away from the 8ema and might be trying to pull back just a little. The question, as always is, how much. The EU has put in a nice little run up, but we're still below the 89. The 365 is coming into play as well, it's right there with the 8 so that may turn into support if price makes it's way down there....

Phillip,

I see when you post a trade, you usually have two Tp. Do you open two position at the same price or at different prices?

Info

The original mp3 and PDF charts can be found on page 304, post 4549.

For those with difficulty understanding spoken English and anyone else who can benifit.

Here is my trade that I did last night before going to bed. the macd was forming a round bottom and I aplly the rule that when the price break the 21 ema it tend to test it again and then go to the 89. So I've waited for the 1 hour to give a confirmation to go south. It gave me that signal with a beautiful roundness on the macd so I pulled the trigger but it pulledback again to test the 21 and I stick to my plan caus I was in bed hihihi!!!My stopploss was 1.1530 just above the 21 and this thing felt like a rock. Thanks to Phil for teaching us this great stuff!!! Took partial profit at the 365 and let the other half run...right now +120pip!!! Thanks again Phil!! Wanted to do the same on euro but it happens 1 hour later so I was in bed but this thing went really high!!!

Bridge

For those with difficulty understanding spoken English. The chart is on the original post 9824 above.

Thank you Phillip for answering my question.

Hi Phil!

Have been going over, once again, your MACD system and like what I see. It appears, at first glance, a little bit complicated and daunting for a "novice" trader. But in actual fact, it really is quite simple to use. And I feel that it will be very profitable, if used correctly.

So, more studying before I make a trade.

Many thanks!

mercurey:

One of the biggest factors in being profitable is having the patience to let the charts tell you what to do. Oh yeah, welcome to the thread! Take a look at the website....Lot's of extras under the Tools link.

Feels like everyone took the whole week off. I need to.

I did, watching just not doing any trades volume is light and the past 7 years dec was never good for me so I just sit out.

Morning star forming.....200 moving average.... trendline.....quite a mixed pot....plus a thin market....U.S New Home Sales Figures coming out this morning too....be careful here.....

i read thru thread and try to get things together.
Reading all this is quite easy o undestand but sitting in front of a chart and figure out what to do next is not easy at all.
So i wonder if this could be a use of the h1 chart in combination with the h4?
There is already a new low and price is under the pivot moving to the 200

Hi Jim,

I see you have just probably made some pips with your observation. Congratulations ;-)

However (I don't claim to be an expert but) morning star is reversal pattern so this is not morning star, it's rather high probability trade as we call it.

No offence - just observation.
Michael

Thank u Old Dog for ur fast transcription. u guys are doing a a great job for us not managing spoken english, allowing us to know phill s mp3c contents.

Thank you again.

Is anyone using Metastock for shares?
I wanted to try MACD Histogram and this strategy for shares but that indicator in Metastock is not like this one in metatrader. It is not with bars, only 2 lines.

Do you have MACD Histogram with bars in your Metastock?

Hi Phill,

I try to learn your system trough pdf and mp3 files attached on this thread, and try to apply them into today USDCHF chart.

I have little question, and it really confuse me, how to distinguish between trend-continuation pattern and round-bottom or round-top ? is there any specific number of bars we can use as indication ?

Like on attached chart, it gonna be a tc ? or rb ?

sorry if my question to newbie, indeed I-m a newbie

Thanks & Rgds,

Have just read on other post regarding candlestick, notice on 2 green bars before red bars, is-it a TC pattern rather than RB ?

Thanks & Regards,

i think its a tc patern, but i'm also new to the system
RB should be more than 2 bars, somthing like long longer less-long at least

No offense taken....i just used the term for consistency's sake. It is what Phillip called it in post 9824 so i used it also here.....whatever you call it is not important....just know that it is an indicator of bullish emotion. And more importantly be able to recognize it when it forms so that you can take advantage of what the market is telling you......now if i had just taken my own advice and stayed awake for this move.......LOL...pipp...Jimdandy

This is my list of major pdf's and mp3's from this thread.

TITLE....................................................................................................PAGE........POST

4 Hour MACD Forex Strategy.pdf ...................................................................1.............1
Planning your Trade.pdf...............................................................................1..............1
Consolidation Management.pdf.....................................................................15...........215
Clock_v1_3.mq4........................................................................................28...........410
MACD_H4_300_v100.mq4............................................................................31...........461
Trend trading with MACD.pdf.......................................................................32...........468
Setting up MA and MACD.pdf.......................................................................43...........639
The question about papertrading.pdf.............................................................48...........713
Presentation1.pdf......................................................................................54...........797
woodchuck.pdf..........................................................................................60..........890
Breakout Positioning.zip (graph post 1130)......................................................76.........1130
Euro Trendline.zip (graph post 1159)..............................................................78.........1159
MACD Signals.zip (graph post 1166)...............................................................78.........1166
Market Rythm AudUsd.zip (1197)...................................................................80.........1197
1Hour Strategy.zip......................................................................................92.........1372
1 Hour Strategy.pdf....................................................................................92.........1372
1Hour Strategy 1.zip...................................................................................98.........1456
1Hour Strategy 2.zip.................................................................................103..........1535
1Hour Trendcontinue Patterns.zip................................................................145..........2165
Stoplosses.zip..........................................................................................153..........2281
Three little sisters.zip (graph post 2287).......................................................153.........2287
Pivot Auto.mq4........................................................................................198..........2970
MACD_Colored_v103.mq4 + word file............................................................223..........3342
Breakeven.zip (graph post 3748).................................................................250..........3748
FiboPivots4HMACD.mq4.............................................................................270...........4043
4Hour and 1Hour Supporting Signals.zip (graph post 4063)................................271..........4063
4H calculation spreadsheet.zip....................................................................273.........4095

13 lessons
L1 Introduction.zip...................................................................................290..........4336
L1 Introduction 1.zip................................................................................290..........4336
L2 Tsunami.pdf.......................................................................................290...........4337
L2 Tsunami.zip.......................................................................................290...........4337
L3 Tecnical vs Fundamental Analysis.zip......................................................290............4338
L4 Market Rhythm Part 1.pdf....................................................................290............4339
L4 Market Rhythm Part1.zip......................................................................290............4339
L4 Price Motion 2.zip...............................................................................290............4340
L4 4Hour and 1Hour Supporting Signal.zip.....................................................290...........4340
L5 Drawing Trendlines.pdf.........................................................................290...........4341
L5 Drawing Trendlines.zip.........................................................................290...........4341
L5 Trendlines.zip.....................................................................................290...........4342
L6 Market Emotion.pdf.............................................................................290...........4343
L6 Market Emotion.zip..............................................................................290...........4343
L7 Flight Preperation.pdf..........................................................................290............4344
L7 Flight Preperation.zip...........................................................................290...........4344
L8 Anatomy of a Trade.pdf.......................................................................290...........4347
L8 Anatomy of a Trade.zip........................................................................290...........4347
L9 Major MACD Signals.pdf........................................................................290...........4348
L9 Major Macd Signals.zip.........................................................................290...........4348
L10 Exercise MACD1.pdf...........................................................................290...........4349
L10 Exercise MACD1.zip............................................................................290...........4349
L11 Trade Example.pdf.............................................................................290...........4350
L11 Trade Example.zip..............................................................................290...........4350
L12 Papertrading.zip.................................................................................291..........4351
L13 Conclusion.zip....................................................................................291..........4352

Study by Hart.zip (graph post 4496)............................................................300..........4496
4h MACD price movement rules.doc.............................................................301..........4504
Range Bound Rhythm.pdf...........................................................................304..........4549
Range Bound Rhythm.zip............................................................................304..........4549
Breaking down Motion from Monthly to 4Hour.pdf............................................304.........4551
Breaking down Motion from Monthly to 4Hour.zip.............................................304.........4551
Not to be wiped out early.zip......................................................................328.........4911
Which way is the trend.pdf.........................................................................329.........4934
Which way is the trend.zip..........................................................................329.........4934
Normal retracement strategy.zip...................................................................344........5155
Pulling the Trigger.zip.................................................................................376........5627
Emotional Triggers.zip.................................................................................376........5629
Phillip Nel- Three Little Sisters- written copy.zip..............................................394........5910
Lessons 1 to 7.zip......................................................................................395........5925
Lessons 8 to 13.zip....................................................................................396........5926
Risk Management 1.zip................................................................................396........5927
Risk Management 2.zip................................................................................396........5927
Phillip Nel- Risk Management 1- Written copy.zip..............................................397........5943
Phillip Nel- Risk Management 2- written copy.zip...............................................397.......5946
Phillip Nel- 1Hr Supporting 4Hour- 4June2007- written copy.doc...........................458.......6862
1Hour Supporting 4Hour.pdf..........................................................................458.......6862
Phillip Nel- StopLosses- 11Mar2007.doc...........................................................494......7399
Landing the Profit.zip (graph post 7415)..........................................................495......7415
Phillip Nel Landing the Profit.doc.....................................................................499......7485
Breakout.zip..............................................................................................501......7513
Breakout trading.pdf....................................................................................501......7513
Phillip Nel- Breakout Trading 18 Oct2007.doc....................................................502......7519
Range Bound Trading.pdf..............................................................................535......8013
Range Trading 1.zip.....................................................................................535......8013
Range Trading 2.zip.....................................................................................535......8014
RangeTrading_1_and_2.doc...........................................................................535......8020
Knowing the System.zip................................................................................538......8065
Knowing the system.doc...............................................................................541......8103
Planning Your Trade.zip (graph post 8349)........................................................557......8349
Phillip Nel Planning Your Trade Post 8349 Page 557 9Nov2007.doc..........................558......8368
4h_MACD_FX_Strategy_Locked_TF.mq4...........................................................576......8628
Money_Management_Eng.xls..........................................................................610......9139
Position Calculator.xls...................................................................................610......9148
Trailing Stops.zip.........................................................................................636......9535
Temp.zip....................................................................................................640......9587
Trailing stop post 9535.doc............................................................................640......9592
Temp 17December 2007 post 9587.doc............................................................641......9612
PhillipNel Lesson4 PriceMotion2 Post 4340.doc....................................................644.....9654
PhillipNel 1Hour Supporting 4Hour Post4063 Page271.doc.....................................648......9709
candlesticks.zip............................................................................................650.....9736
Large Candle Entry Spread.zip.........................................................................651.....9760
PhillipNel Emotional Triggers written copy post 5629 page 376.doc...........................651....9764
PhillipNel LargeCandle Entry Spread page 651 post 9760 21Dec2007.doc....................652....9772