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4 Hour Strategy (MACD)

  • #10,361
  • Jan 14, 2008 6:01am Jan 14, 2008 6:01am
Quoting BernhardA
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
What a signal on MACD i must see? Anyone? coz if i see TC it tells that i must Sell, a little bit complicated...
Nevertheless you are right, it's better to wait for touching 21, or buy from 1.0185. Still waiting...
  • #10,362
  • Jan 14, 2008 7:30am Jan 14, 2008 7:30am
Nice range breakout trades if you took them people. Lot's of news on the calendar this week.....
  • #10,363
  • Jan 14, 2008 7:52am Jan 14, 2008 7:52am
Mornin all
I took a long TC signal on AudUsd last night on the 0400 GMT(+1) bar.
Got in at .8962, initial stop @ .8931 1 pip below the 8ema with a trailing stop of 20 pips, TP set at .8991 giving me a RRR of almost 1:1.
Went to bed last night down 15 pips, only to wake up with my TP hit for a gain of +29 pips. Making it 7 of the last 9 positive trades.
Building confidence and learning the system.

Of course this is only paper trading for now too.
  • #10,364
  • Jan 14, 2008 8:13am Jan 14, 2008 8:13am
I got in on the Aussie also last night. Still in on my last Aussie trade (+183 pips now!!) and I added on to the trade when you did (another +40 pips!). I'm not taking profit though until things start to turn around, just moving stops up. Trying to get into more into the mindset of longer term trades with triggers from the 4hr macd, and letting market take me out of the trade.
  • #10,365
  • Jan 14, 2008 9:03am Jan 14, 2008 9:03am
Total profit of 40+50 averaging 45
Attached Image (click to enlarge)
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  • #10,366
  • Jan 14, 2008 9:34am Jan 14, 2008 9:34am
Quoting kc8flq
Mornin all
I took a long TC signal on AudUsd last night on the 0400 GMT(+1) bar.
Got in at .8962, initial stop @ .8931 1 pip below the 8ema with a trailing stop of 20 pips, TP set at .8991 giving me a RRR of almost 1:1.
Went to bed last night down 15 pips, only to wake up with my TP hit for a gain of +29 pips. Making it 7 of the last 9 positive trades.
Building confidence and learning the system.

Of course this is only paper trading for now too.

Things are a lot more relaxing when you don't watch the charts...pip on!!!
  • #10,367
  • Jan 14, 2008 9:52am Jan 14, 2008 9:52am
just want to show the power of macd on h1 + canddle pattern,candle pattern shooting star and hanging man so if trade CT u must looking candle pattern on h4 so h1.thanks





"Together More Better Than Alone"
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  • #10,368
  • Jan 14, 2008 9:56am Jan 14, 2008 9:56am
Hello again

What do u think about buying EURUSD from 9EMA, to my mind it's good idea to place a limit order from 1,9850. What do u think about this signal?

Thank you very much.I'm just learning this system, and it'll be perfect if you answer whether i'm right or not.
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  • #10,369
  • Jan 14, 2008 9:59am Jan 14, 2008 9:59am
Quoting Phillip Nel
Total profit of 40+50 averaging 45
Please sir,

I would want to know your entry points at each stage of this trade. Could you please explain clearly how many lots you entered at each stage? Did you use the three stage entry rule? was it at the open, 30% and 45%?
Thanks as i anticipate your kind reply.

Newbie Trader.
"Forex is like a bitch every trader must marry one"
  • #10,370
  • Jan 14, 2008 10:22am Jan 14, 2008 10:22am
Quoting napalc
Hello again

What do u think about buying EURUSD from 9EMA, to my mind it's good idea to place a limit order from 1,9850. What do u think about this signal?

Thank you very much.I'm just learning this system, and it'll be perfect if you answer whether i'm right or not.


hi,guys,u must be patience with trading 4 hour,lets the price come to u, u must waiting macd h4 signal,you are right with limit order cause price above 8 ema,but u must remember sometimes price goes off 21 ema,Your R:R must 1:1,thanks


"Together More Better Than Alone
  • #10,371
  • Jan 14, 2008 10:29am Jan 14, 2008 10:29am
Potentail trade setting up on NZD/USD.... "Lower High" on MACD

NZDUSD has been range bound on the daily chart for the past 3 months (.7500 - .7900). At the top of the range now, attempting a 3rd breakout, Nov 7, Dec 12, Jan 14 (See attached daily chart).

4HR chart shows doji last time frame (potential reversal). Would be CT in the 4HR, keep stops close.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nzdusd4h.gif Size: 20 KB
  • #10,372
  • Edited 10:53am Jan 14, 2008 10:32am | Edited 10:53am
Quoting don_tgomez
Please sir,

I would want to know your entry points at each stage of this trade. Could you please explain clearly how many lots you entered at each stage? Did you use the three stage entry rule? was it at the open, 30% and 45%?
Thanks as i anticipate your kind reply.

Newbie Trader.
I allways enter 2 minilots at the same price(or close to same price) and then manage each lot seperately as I cannot watch my trades live. I can only look now and then therefore I like taking profit after 20-30 pips on 50% and then set the rest at BE or trailing stop or manage it as I get the oppertunity to look.
  • #10,373
  • Jan 14, 2008 10:41am Jan 14, 2008 10:41am
Quoting don_tgomez
Please sir,

I would want to know your entry points at each stage of this trade. Could you please explain clearly how many lots you entered at each stage? Did you use the three stage entry rule? was it at the open, 30% and 45%?
Thanks as i anticipate your kind reply.

Newbie Trader.
Thanks Don, --You made me study Phillip's post a little closer than I might have, which is always a good and worthwhile thing to do.

First of all, let me say that I believe we sometimes place too much emphasis on how many lots someone else is entering. That is a very individual matter and depends upon too many factors to be of help to the rest of us. The point each of us has to decide for ourselves is how much we will put on the line. My emphasis is that we have to be comfortable with how much we risk. There's no other way.

Phillip entered all his lots short at 108.40.
Stop was set at 108.65 (-25 pips).
Take Profit was initially 108.05 on all lots (+35).
Edit 1: At the original TP (108.05), he set his stop at 108.25 on all lots (+15).
Edit 2: Price went down to 107.88 and then retraced to 108. Phillip closed half of his position at 108 for +40 pips. He moved his stop to 108.20 on the rest (+20).
Edit 3: Price continued back down. He moved stop to 107.90 (+50 pips).
Edit 4: Price retraced and took his stop out at 107.90 for the remainder of his position (+50).
His total was +40 pips (50% of position) and +50 pips (the other 50%).

If I got anything wrong, you can easily check my figures by going back to his post and clicking on the picture to enlarge it. It's all there.
  • #10,374
  • Edited Jan 15, 2008 10:52am Jan 14, 2008 11:01am | Edited Jan 15, 2008 10:52am
Entered GBP/USD on retrace of previous 4 hour bar. I wasn't awake to get a good price on the last bar so I set sell limit at 1.9593 and got in (SL" 1.9649). Still a pretty big stop loss (56 pips) but we have some downside potential to maybe 1.9515 or maybe lower.

stopped out at 1.9568 for +25 pips
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  • #10,375
  • Jan 14, 2008 11:22am Jan 14, 2008 11:22am
i short the audusd agaist the main trend because of 4 resons ehich u see on chart
Attached Image (click to enlarge)
Click to Enlarge Name: aud4.gif Size: 36 KB
  • #10,376
  • Edited 2:10pm Jan 14, 2008 11:26am | Edited 2:10pm
GbpUsd 18:00
Entered short on Evening star from the 21ema. MACD on zero to form zero break.
Entered No1 on 50% retrace at 1.9600
Entered No2 on 1.9582

Edit 1
Took 50% profit at 1.9575 and set stoploss at 1.9607 for a BE if turnaround.
Will enter again with 1Lot at 1.9558

Edit 2
Price got stuck at ±1.9670 before 20:00 candle. It failed to go below the previouse candle low. Will watch closely.

Edit 3
Moved stoploss to 1.9585. See post 10383 for reason

Edit 4
3rd Entry was filled at 1.9558. Set 2nd entry to BE 1.9582 with 25 Trailing stop.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 27 KB
Attached File(s)
File Type: zip GbpUsd Trade.zip   782 KB | 1,041 downloads
  • #10,377
  • Jan 14, 2008 12:05pm Jan 14, 2008 12:05pm
Quoting juang
hi,guys,u must be patience with trading 4 hour,lets the price come to u, u must waiting macd h4 signal,you are right with limit order cause price above 8 ema,but u must remember sometimes price goes off 21 ema,Your R:R must 1:1,thanks


"Together More Better Than Alone
Good point juang!

napalc:

You mean the 8ema correct? Just be sure to keep an eye on it. The 8ema and price are trending well to the upside....
  • #10,378
  • Jan 14, 2008 12:11pm Jan 14, 2008 12:11pm
I closed out my most recent long position for those reasons as well. That engulfing candle is typically not a good sign. May retrace to the 21ema after failing to break the price level .90 (ok it got 2 pips above but not much).

Quoting bshadroo
i short the audusd agaist the main trend because of 4 resons ehich u see on chart
  • #10,379
  • Jan 14, 2008 12:47pm Jan 14, 2008 12:47pm
Phillip,
Thanks for pointing out entering in on the retracement of GBPUSD I forgot about using that "trick" I stayed out of the trade due to the large candle. I will keep that in mind next time.
  • #10,380
  • Jan 14, 2008 1:21pm Jan 14, 2008 1:21pm
Quoting vette1974
Phillip,
Thanks for pointing out entering in on the retracement of GBPUSD I forgot about using that "trick" I stayed out of the trade due to the large candle. I will keep that in mind next time.
Hi
Just make sure you manage it well and get to BE within 20-30pips as you are entering when the price is actually running the other way.
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