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4 Hour Strategy (MACD)

  • #10,341
  • Jan 12, 2008 7:33am Jan 12, 2008 7:33am
Quoting Ryanmcd
Where is that at?
Don't remember, but here it is. Just place this in the 1Hr and the 4HR MA' will be on the 1Hr as dotted lines
Attached File(s)
File Type: mq4 4h_MACD_FX_Strategy_Locked_TF.mq4   8 KB | 915 downloads
  • #10,342
  • Jan 12, 2008 11:39am Jan 12, 2008 11:39am
Quoting EricthePip
Not trying to speak for Phillip (as in the words of Wayne and Garth from "Wayne's World", I'm not worthy), but there wasn't a MACD signal for your trade. It was a good trade however, based on the market motion off the 8ema on the 4HR (or 21EMA on the 1Hr). Phils trade I believe was a RT (counter trend) also with emotion at the whole number and TL resistance at 1.4800 (see trendline on graph)... The difference, Phils was supported by the MACD signal, and your trade was more in anticipation of a TC, but with good support off an EMA

And in actuality you both had similar expectations (bouncing off the 8ema). Phil took profit there and you entered and took profit off that bounce.

Both show the importance of trade management/expectations.... and executing a plan...

Hi
That was a very good answer. It just show you if you know that you enter not on MACD confirmation you have to be aware and awake an manage it very well.
  • #10,343
  • Jan 12, 2008 12:06pm Jan 12, 2008 12:06pm
Hello to all....have just noticed that I was running the Macd v104 on my laptop and my fan to cool the cpu was running almost constantly....checked the cpu usage and it was very high with only one chart open.....finally isolated the problem......Macd v104......downloaded v102 from fxtradeblog.com and cpu usage greatly reduced...... computer runs much cooler, fan hardly ever comes on, battery lasts longer.....and if you are used to having 6 or 8 charts open at once. While running skype and Internet explorer. It can really slow down things.....and who wants their computer to think slow when its time for it to bump up your trailing stop?......
Also for Ryan in regard to seeing the 4hr Moving Averages while on the smaller timeframes... Here is the template i have made for this... It has the 8,21,89,200,365 on the 4 hr and when you move to smaller timeframe it has the close equivalent of the 4hr 8,21,89... displayed as dashed lines along with that timeframes Moving averages.....i.e. you can be looking at the 15 min chart and its respective moving averages and at the same time see where the 4 hr moving averages are on the chart also....here is my template and also a pic of the current 15 min eurusd. If you go down to 5min, the moving averages are from Phillip's 5 min Strategy.... and 1 min is from something else I look at for amusement purposes only.......Pipip.......Jimdandy
p.s. this template uses calls for the v102 macd...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
Attached File(s)
File Type: tpl 4hrmaoverlay.tpl   8 KB | 763 downloads
  • #10,344
  • Jan 12, 2008 5:35pm Jan 12, 2008 5:35pm
Quoting JimDandy
Hello to all....have just noticed that I was running the Macd v104 on my laptop and my fan to cool the cpu was running almost constantly....checked the cpu usage and it was very high with only one chart open.....finally isolated the problem......Macd v104......downloaded v102 from fxtradeblog.com and cpu usage greatly reduced...... computer runs much cooler, fan hardly ever comes on, battery lasts longer.....and if you are used to having 6 or 8 charts open at once. While running skype and Internet explorer. It can really slow down things.....and who wants their computer to think slow when its time for it to bump up your trailing stop?......
Also for Ryan in regard to seeing the 4hr Moving Averages while on the smaller timeframes... Here is the template i have made for this... It has the 8,21,89,200,365 on the 4 hr and when you move to smaller timeframe it has the close equivalent of the 4hr 8,21,89... displayed as dashed lines along with that timeframes Moving averages.....i.e. you can be looking at the 15 min chart and its respective moving averages and at the same time see where the 4 hr moving averages are on the chart also....here is my template and also a pic of the current 15 min eurusd. If you go down to 5min, the moving averages are from Phillip's 5 min Strategy.... and 1 min is from something else I look at for amusement purposes only.......Pipip.......Jimdandy
p.s. this template uses calls for the v102 macd...

Thanks this is nice to have, also thanks for the info on the v104, I run the 102 but I was looking at the 104.
Keep taking CT trades, I need more money
  • #10,345
  • Jan 12, 2008 5:35pm Jan 12, 2008 5:35pm
Quoting EricthePip
Don't remember, but here it is. Just place this in the 1Hr and the 4HR MA' will be on the 1Hr as dotted lines
Thanks
Keep taking CT trades, I need more money
  • #10,346
  • Jan 13, 2008 1:13pm Jan 13, 2008 1:13pm
Just a few thoughts for the upcoming week:

The calendar has a lot more red/orange on it this week vs. last week so get ready for...something...

EU in a little but of a tight spot. Above the 89 but hitting some resistance with the downtrend line. The 4650 'area' still a support 'area' and there is a Rt working itself out. About a 100 pip range for the past two weeks so a direction for the price action is hard to define right now.
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  • #10,347
  • Jan 13, 2008 1:18pm Jan 13, 2008 1:18pm
Yen looks weak but still range-bound as well. I don't think I've traded this pair in the last three weeks or so. Tougher resistance to get through up top vs. breaking support on the down side so with a bias to the short side a break out of this range down below may take price down to the 108.00 area....
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  • #10,348
  • Jan 13, 2008 6:47pm Jan 13, 2008 6:47pm
Hi Everyone,

This is my first post on this thread. I will first express my sincere appreciation for the good job on this 4hr MACD strategy. A powerful thumbs up for the originator Mr Phillip Nel . And to the contributors most especially Palmer, Ryan and a host of others.

It has taken me exactly 2 months to go over the thread and the result has been fruitful.

My question borthers on the entry point in terms of lot sizes.

Do i enter three different lots sizes at the same time and price?

I understood the three stage entry, but how do i enter different lots if there are no retracement of the signal candle?

Your kind reply will be hugely appreciated.

Once again thank you so much for this system.
"Forex is like a bitch every trader must marry one"
  • #10,349
  • Jan 13, 2008 7:04pm Jan 13, 2008 7:04pm
EUR gave a TC signal. Because it is so close to the trendline resistance I will wait for a breakout of 4820 and hopefully get a pullback for entry.

Lets see what developes .........
  • #10,350
  • Jan 13, 2008 7:18pm Jan 13, 2008 7:18pm
Quoting don_tgomez
Hi Everyone,

This is my first post on this thread. I will first express my sincere appreciation for the good job on this 4hr MACD strategy. A powerful thumbs up for the originator Mr Phillip Nel . And to the contributors most especially Palmer, Ryan and a host of others.

It has taken me exactly 2 months to go over the thread and the result has been fruitful.

My question borthers on the entry point in terms of lot sizes.

Do i enter three different lots sizes at the same time and price?

I understood the three stage entry, but how do i enter different lots if there are no retracement of the signal candle?

Your kind reply will be hugely appreciated.

Once again thank you so much for this system.
don:

Welcome to the thread!

The number of positions and size, order type...is really all a matter of preference. Don't forget about you money management rules..How much can you afford to lose..not how much would you like to make. If you have a long ranging bar you can use a limit or to try to get in on a retracement to make the stop loss lower. The majority of the time I try to get in with three positions at the same time if the stop loss and mm permits. If the bar is too long I'll either avoid the trade all together or go in with one and then maybe try to get in with a limit order on the other. If it doesn't come back on a retrace to get filled...oh well...never chase a market. Also, on some of those long bars if it's the start of a new trend, don't think you missed the boat. Let the trend strart and the rhythm kick in then look for a trend continuation (Tc) pattern to develop. Have your profit targets set per entry ahead of time also...have a plan for each entry....For me, it's really up to the current market that determines all of this...
  • #10,351
  • Jan 14, 2008 1:51am Jan 14, 2008 1:51am
Hello,
I see Phillip comment on 4 pairs, USD/CAD, USD/JPY, EUR/USD & GBP/USD.
Which ones do you actually trade? I believe it is the euro & guppy. Are there others that he comments on that I missed? This thread can clearly be a model for others who want a successful thread.
Thanks,
Roy
  • #10,352
  • Jan 14, 2008 2:20am Jan 14, 2008 2:20am
It broke resistance! No immediate pullback so will wait and see if price may bounce from 4H 8EMA with a nice 1H TC pattern.

Set alert to buzz if 1H give a TC signal .......... way pass bedtime ......
  • #10,353
  • Jan 14, 2008 3:58am Jan 14, 2008 3:58am
I shorted U/J. At last I managed to ride it down. I waited for this move on Friday, but it took my SL, as it was too close. But today when I saw all these little candles under resistance and doji, the price was rounding, with the trend, I knew it was a good setup. I like this kind of setups very much - price founding support or resistance with small candles. MACD was below zero, I can't say that there was real TC signal as no green bar appeared on it, bit I took it as TC with even more probability as the MACD was going down red all the way. I have closed one lot at 108.00 price level +55, the other is still running as you can see.
Attached Image
  • #10,354
  • Jan 14, 2008 4:03am Jan 14, 2008 4:03am
Quoting eroyh
Hello,
I see Phillip comment on 4 pairs, USD/CAD, USD/JPY, EUR/USD & GBP/USD.
Which ones do you actually trade? I believe it is the euro & guppy. Are there others that he comments on that I missed? This thread can clearly be a model for others who want a successful thread.
Thanks,
Roy
Hi Roy, you are absolutely right, Phillip watches E/U, G/U. He also sometimes takes deals on U/J, maybe U/C - but this pairs only for high probability trades. He always stresses that we better consentrate on 1-2 pairs, and know them very well, than rush between pairs without good results.
  • #10,355
  • Edited 5:19am Jan 14, 2008 4:06am | Edited 5:19am
H1 looks like its setting up for a TC trade? Comments anyone?

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-2.jpg Size: 128 KB
  • #10,356
  • Jan 14, 2008 4:51am Jan 14, 2008 4:51am
Hello, i'm looking for bouncing from 8 EMA, MR is +2 to my mind it is good opportunity to buy USDCAD. Please correct me if I'm wrong.

Thx
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 11 KB
  • #10,357
  • Jan 14, 2008 5:25am Jan 14, 2008 5:25am
Hello napalc!
I had the same Idea – but…
1. I still don’t have MACD-Signal on my 4h
2. I don’t have clear Signals on my 1h
3. I just feel better to wait for a touch of the EMA 21
4. In 4 hours we will get news for USD/CAD

Thats why I decided to wait some hours more – may be after the news.

But generally I think (If the news will not affect the movement) we will see a nice UP
  • #10,358
  • Jan 14, 2008 5:33am Jan 14, 2008 5:33am
Quoting napalc
Hello, i'm looking for bouncing from 8 EMA, MR is +2 to my mind it is good opportunity to buy USDCAD. Please correct me if I'm wrong.

Thx
you're correct but u must wait macd give signal TC and check you R:R,draw your trendline,mr.philip say the best TC off 21 ema(market rythem),patience my freind,thanks



"Together More Better Than Alone"
  • #10,359
  • Jan 14, 2008 5:46am Jan 14, 2008 5:46am
UsdJpy 08:00




TC as well as perfect motion off the 8ema on 1Hour.


Set stoploss accoring to 1H previous candle.


Could only watch at 08:00 but would have entered 1H earlier due to 1H movement if I was alive.




Entered 108.40 (Was filled at 108.40)


Stoploss 108.65 (1H previous candle)

TP 108.05 and will see how price react at this level. Possible 50% TP and rest at BE. Have set a trailing stop of 25
Attached Image (click to enlarge)
Click to Enlarge Name: UsdJpy.GIF Size: 46 KB
  • #10,360
  • Jan 14, 2008 5:55am Jan 14, 2008 5:55am
Quoting PhilsOpinion
UsdJpy 08:00




TC as well as perfect motion off the 8ema on 1Hour.


Set stoploss accoring to 1H previous candle.


Could only watch at 08:00 but would have entered 1H earlier due to 1H movement if I was alive.




Entered 108.40 (Was filled at 108.40)


Stoploss 108.65 (1H previous candle)

TP 108.05 and will see how price react at this level. Possible 50% TP and rest at BE. Have set a trailing stop of 25

Good trade just hit 100+ pips for the day!
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