4 Hour Strategy (MACD) | Page 526 | 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)

  • #10,501
  • Jan 17, 2008 12:34pm Jan 17, 2008 12:34pm
Hi
My limited internet access at work has been suspended so now I am back to trading only after 16:00 candle close.
  • #10,502
  • Jan 17, 2008 12:36pm Jan 17, 2008 12:36pm
Phillip,

You have done a great job of putting this all together. It has been very helpful and has become one of the most popular strategies I have seen. I do have one question for you. When setting up the moving average convergence/divergence you use a fast rate of 5 and a slow rate of 13 where as the moving averages are 8 and 21. I am curious to know how you formulated the variance between the two. It would seem to me that true divergence would only be achieved if the moving averages were set at the same rate as the macd. I have read a lot of the strategy but not all of it and can't seem to find the part with this information.

Thanks again for all you have done.

Gary
  • #10,503
  • Jan 17, 2008 12:44pm Jan 17, 2008 12:44pm
I see no good TC patterns, we did have a good 5-7 day run on several though so I am going to sit tight and wait for the next run.
Keep taking CT trades, I need more money
  • #10,504
  • Jan 17, 2008 2:00pm Jan 17, 2008 2:00pm
Quoting gdhalli
Phillip,

You have done a great job of putting this all together. It has been very helpful and has become one of the most popular strategies I have seen. I do have one question for you. When setting up the moving average convergence/divergence you use a fast rate of 5 and a slow rate of 13 where as the moving averages are 8 and 21. I am curious to know how you formulated the variance between the two. It would seem to me that true divergence would only be achieved if the moving averages were set at the same rate as the macd. I have read a lot of the strategy but not all of it and can't seem to find the part with this information.

Thanks again for all you have done.

Gary

Hi
I use to trade stocks off the 21ema and 89sma according to rhythm. I was however looking for something that would give signals around that same rhythm to help people pulling the trigger and at least give them some sort of success and I started to test the MACD with Fib Numbers and it just happened to be there. No formula or a certain hidden way.
  • #10,505
  • Edited 2:25pm Jan 17, 2008 2:12pm | Edited 2:25pm
Attached Image


Shorting the Euro here as it alligns with the longer timeframes breakdown

Just broke down a continuation triangle on the 1H (on the right) and i'm looking for the 8EMA to hold price on the 4H chart on the left.

Profit Target 1 @ the 200SMA

Changed my mind and closed out up 3 pips... i've been so lost lately i don't have much confidence... very frustrating
"The market pays you to be disciplined"
  • #10,506
  • Edited 3:04pm Jan 17, 2008 2:46pm | Edited 3:04pm
i want to show u 2 possible trades which seems nobody take them.let's speak about why we didnt take thease 2 signals?lets dont say:"i didnt take them,so.. doesnt matter,let it go." maybe next time u take the trades which looks perfect but doenst work.if we learn why we should not take thease 2 trades in eu ,maybe next time we doest do mistake.

well,we all know 200ma in eu has showed to be a very strong support/resistance in recent weeks ,
so ..why we should not take the first trade? a hammer of the 200ma with a long tail and with supporting by macd signal (u see by #1 in picture) its looks good but stoploss will be hitted after
... why we shouldnt take the second trade ?a close below 200ma with supporting by macd signal(TC) (u see by #2 in picture) its looks good but SL will be hitted after
i know u guys have alot of reasons about, so please share them ,and please dont just speak about succesfull trades,i think we need to show some possible trades which doesnt work.
thx
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 34 KB
  • #10,507
  • Jan 17, 2008 3:10pm Jan 17, 2008 3:10pm
Thanks for getting back to me so quickly!
I guess my question, Phillip, is more focussed on the MACD than the moving averages. How did you conclude that the fast (5) and slow (13) numbers for the macd were the ones to use instead of 8 and 21?

Thanks

Gary
  • #10,508
  • Jan 17, 2008 3:20pm Jan 17, 2008 3:20pm
bshadroo,
The reason I am not even looking at the EURUSD right now is that the candles are so big and don't seem to have a pattern so I am staying away until it consolidates more. With some skill and more luck I might be able to pick the right direction it is going. But I am worried a huge candle or tail will take my SL out.

But please don't follow my advise I am very new to this these are just my thoughts when I open the chart. It is taking everything I got to get a winning trade right now I want the odds to be in my favor I am only taking TC and round bottoms/ tops if the candles are far enough away from the 8 ema for the R:R to work.
  • #10,509
  • Jan 17, 2008 4:00pm Jan 17, 2008 4:00pm
Trade off of USDJPY

SL 107.47
Enter 107.15
TP 1 at previous trend 106.94 reached
Set SL to 107.13
TP 2 still in trade.

Reason for taking trade heavy resistance off of 21 and formed doji after news. The 1 hour had a morning star off the 89. The MACD is bouncing off of 0. I took the trade on the 1 hr.

I hope my analysis is correct and not just luck the trade worked out and going as planned. Thoughts anyone?
  • #10,510
  • Edited 4:32pm Jan 17, 2008 4:06pm | Edited 4:32pm
Quoting Ryanmcd
I see no good TC patterns, we did have a good 5-7 day run on several though so I am going to sit tight and wait for the next run.
Does look, however, that the xxx/jpy pairs are heading back down.... I like the TC on the Usd/Jpy but the large spinner at 12:00 scared me off
Attached Image
  • #10,511
  • Jan 17, 2008 4:54pm Jan 17, 2008 4:54pm
Hey Vette1974,
I took the same trade for all the same reasons. The price was below the 89 and had been flirting with the 21 EMA for a while. Two dojis between the 8 and the 21. Then the MACD showed a Zero Bounce on the H4 and a TC on the H1.
Seems like a solid trade to me.
The problem with experience is that the test comes before the lesson.
  • #10,512
  • Jan 17, 2008 5:20pm Jan 17, 2008 5:20pm
The eu and yen have been very difficult to trade lately, I agree. I've been stealing from the 5min when I can on the eu. As far as the 4hr goes, until we get out of the current box, I'm just going to wait this one out. The markets are wacked right now, unless you're short the indexes, and the eu is STILL stuck at that 4650 number. The yen has been playing tricks with the 21 also. Don't force trades here until price action leaves the current area with both of these pairs, that's my 2 cents. Don't guess. If you're up for the week right now, don't give anything back just because you want to put a trade on. It'll kill the weekend for you. It's good to see people commenting on this...discipline. Consumer sentiment out tomorrow may give things a pop but other than that, we're still in the box.
Attached Image
  • #10,513
  • Jan 17, 2008 5:29pm Jan 17, 2008 5:29pm
Yes its a Tc but not interesting when its on the 200.....note this is a gmt+2 chart I do believe the 200 will be pierced but i'll wait just the same and maybe enter on 1hr in a pull back....but either way I'm going to let the market show its hand first....pipip...Jimdandy
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #10,514
  • Jan 17, 2008 6:11pm Jan 17, 2008 6:11pm
Quoting bshadroo
i want to show u 2 possible trades which seems nobody take them.let's speak about why we didnt take thease 2 signals?lets dont say:"i didnt take them,so.. doesnt matter,let it go." maybe next time u take the trades which looks perfect but doenst work.if we learn why we should not take thease 2 trades in eu ,maybe next time we doest do mistake.

well,we all know 200ma in eu has showed to be a very strong support/resistance in recent weeks ,
so ..why we should not take the first trade? a hammer of the 200ma with a long tail and with supporting by macd signal (u see by #1 in picture) its looks good but stoploss will be hitted after
... why we shouldnt take the second trade ?a close below 200ma with supporting by macd signal(TC) (u see by #2 in picture) its looks good but SL will be hitted after
i know u guys have alot of reasons about, so please share them ,and please dont just speak about succesfull trades,i think we need to show some possible trades which doesnt work.
thx
Just to give you an idea of why some people dont see the tc that you see....here is a gmt+2 and a gmt chart.....very different.....even different than yours........Pipip........JImdandy....
p.s. both of these would have had you in a short that was probably stopped out before the big drop came.......I know i was ........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd+2.gif Size: 19 KB
Click to Enlarge Name: eurusd.gif Size: 18 KB
  • #10,515
  • Jan 17, 2008 6:18pm Jan 17, 2008 6:18pm
For those of you who are brave enough to ride this beast ....here is your moment.........Pipip........Jimdandy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 16 KB
  • #10,516
  • Jan 17, 2008 7:48pm Jan 17, 2008 7:48pm
TC anyone on the EUR/USD the price is hanging around the 200 SMA I don't believe thats going to hold support this time, its had its fair share of support over the last 3 weeks or so.

MACD signalling a TC not very strong! but I can see a evening starish at the 16:00 candle, also I have some trend lines joining

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #10,517
  • Jan 17, 2008 8:46pm Jan 17, 2008 8:46pm
Abz: I just don't like the chart. It just doesn't have any flow and I really don't see a Tc setting up. A break of those lows on those previous candles should send this to the 365 but I'm staying out until we leave this area...
  • #10,518
  • Jan 17, 2008 9:44pm Jan 17, 2008 9:44pm
[quote=Abz;1808228]TC anyone on the EUR/USD the price is hanging around the 200 SMA I don't believe thats going to hold support this time, its had its fair share of support over the last 3 weeks or so.

MACD signalling a TC not very strong! but I can see a evening starish at the 16:00 candle,
also I have some trend lines joining = which means there's a possible breakout coming.
  • #10,519
  • Jan 17, 2008 9:56pm Jan 17, 2008 9:56pm
Quoting Phillip Nel
Hi
My limited internet access at work has been suspended so now I am back to trading only after 16:00 candle close.
that sucks Phil!

what happened did you get busted charting??? (joke)
  • #10,520
  • Jan 18, 2008 12:44am Jan 18, 2008 12:44am
here my trade ,long usd/chf,macd give signal TC ,i thing market rhytem play with me,thanks.







"Together More Better Than Alone"
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 17 KB
62 traders viewing now