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4 Hour Strategy (MACD)

  • #11,121
  • Feb 3, 2008 2:58pm Feb 3, 2008 2:58pm
Quoting Phillip Nel
Info

This is the best one by far. It took me about 6 months to "get it" but now I see the same thing you do, the tails the movement and such. I guess I am just excited to be hearing the MP3 and looking back at me thinking the exact same thing. Again new people READ THIS CHART AND MP3! This is the key to the system.
Keep taking CT trades, I need more money
  • #11,122
  • Feb 3, 2008 3:01pm Feb 3, 2008 3:01pm
Quoting OldDog
You followed the four hour rules of price action with the moving averages, only using them on the daily instead.
Quoting OldDog

The focus of this thread, however, is the four hour system. Whatever time frames we study, we still base our entries and exits on the four hour chart with help from the one hour for early entries, at times. Our stops and our take profits are usually based on the four hour chart. The system has been shown to work on other time frames, but, then, you must stick to that time frame.

A larger time frame, like the daily chart trade you made, usually calls for a much larger stop loss than you placed because the range is much greater, and the possibilities of price moving to take a small stop out are greater than in the four hour.
Thanks so much for your comment and encouragement. This is the type of reply we need in this forum and not discouraging response that will not encourage learners and new comers in the thread. We are all learning in this forum and I have never ever see Jedi Master himself been ash to people in his reply. Anyway, all you said is very important. I just quoted these for others to see how your reply is helpful to my original post. I SAID I WANT A COMMENT ON THE TRADE I TOOK TODAY. Now I have learnt alot from your post.

Thanks once again.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #11,123
  • Feb 3, 2008 3:37pm Feb 3, 2008 3:37pm
Hey guys, i'm sure many of you are familiar with Alexander Elder's material, more specifically, his Impulse System that colors bars in according to the condition of the slope of the MACD and a moving average. It colors the price bars or candles red (when you may short or stand aside), green (when you may go long or stand aside), or blue (where you may go long or short or stand aside). I got to thinking last night about how we might use a similar indicator to help people really stay with the trend, maybe use MACD and the 21EMA ? Maybe it would be a good deterent of some dumb CT trades, etc.

Just an idea, I don't know how to code myself. Just figured i'd toss the idea out there, you guys feel free to let me know if you think it's a good or bad idea, or just plain unnecessary.

Great post Phillip, so important for you to keep pounding in the true heart of this system to guide newcomers as well as keep the regulars on track.

-Merritt
"The market pays you to be disciplined"
  • #11,124
  • Edited 6:38pm Feb 3, 2008 6:22pm | Edited 6:38pm
Quoting Phillip Nel
Info

Hello Dear Phillip, thank a lot for your graph and MP3. Absolutely excellent. That is truly pure gold and is a very excellent representation of the core of your system. Very well thought and presented as usual.

It surely help me a lot and recommend to any people following this system to listen to it a few times and do the exercise of what would have been the deals that we could have taken in relation to the rhytm, motion and emotion of the market

A very big thank for all your great help Phillip

Sincerely

Shreem
  • #11,125
  • Feb 3, 2008 6:45pm Feb 3, 2008 6:45pm
Hello everybody,

this week I am watching GBPJPY and USDJPY, both around 89 right now. Second, watching GBPUSD, EURGBP and EURUSD, trying to get in before Feb 7 if possible.

Good luck to all.

Adrian
  • #11,126
  • Feb 3, 2008 7:31pm Feb 3, 2008 7:31pm
Quoting merrittb
Hey guys, i'm sure many of you are familiar with Alexander Elder's material, more specifically, his Impulse System that colors bars in according to the condition of the slope of the MACD and a moving average. It colors the price bars or candles red (when you may short or stand aside), green (when you may go long or stand aside), or blue (where you may go long or short or stand aside). I got to thinking last night about how we might use a similar indicator to help people really stay with the trend, maybe use MACD and the 21EMA ? Maybe it would be a good deterent of some dumb CT trades, etc.

Just an idea, I don't know how to code myself. Just figured i'd toss the idea out there, you guys feel free to let me know if you think it's a good or bad idea, or just plain unnecessary.

Great post Phillip, so important for you to keep pounding in the true heart of this system to guide newcomers as well as keep the regulars on track.

-Merritt

Hi Merritt,

This could be a good alternative.

MA just changes colour with direction. Fundamentally it's of little worth but serves as a nice reminder. Looks good on the chart too.
Attached File(s)
File Type: mq4 xpMA.mq4   16 KB | 801 downloads
  • #11,127
  • Feb 3, 2008 7:33pm Feb 3, 2008 7:33pm
Quoting Phillip Nel
Info
Thank you so much, Phillip.
NEVER enter a trade JUST because you want to trade.
  • #11,128
  • Feb 3, 2008 9:26pm Feb 3, 2008 9:26pm
Quoting arodriguez
Hello everybody,

this week I am watching GBPJPY and USDJPY, both around 89 right now. Second, watching GBPUSD, EURGBP and EURUSD, trying to get in before Feb 7 if possible.

Good luck to all.

Adrian
Why would you put a date or time on when you want to get in?

Just watch your desired pairs every 4 hours and give a pair more attention when it starts to get into trending rhythm and begins to pullback to the anticipating ma.

The JPY is clearly in a consolidation maybe this week it will finally break and get into nice trending motion. I personally would not take the pullback bounce from the 89 right now because price is right in the middle of the consolidation range - I will just wait till it actually gets going.
  • #11,129
  • Feb 3, 2008 9:32pm Feb 3, 2008 9:32pm
Watching the GB/Chf for a possible TC (Setting alarm). Closed below the BB on the big down candle (2/1/08 12:00 candle). Like to see a rally back to the 21 and then a TC back down....
Attached Image
  • #11,130
  • Feb 3, 2008 11:22pm Feb 3, 2008 11:22pm
Quoting maxster
Why would you put a date or time on when you want to get in?

Just watch your desired pairs every 4 hours and give a pair more attention when it starts to get into trending rhythm and begins to pullback to the anticipating ma.

The JPY is clearly in a consolidation maybe this week it will finally break and get into nice trending motion. I personally would not take the pullback bounce from the 89 right now because price is right in the middle of the consolidation range - I will just wait till it actually gets going.
You're right about JPY. I just would like to catch good trading options before BOE and ECB rate decision if possible. What you think about BOE potential .25 rate cut? will it drive G/U and G/J down?

A.
  • #11,131
  • Feb 4, 2008 12:14am Feb 4, 2008 12:14am
Quoting arodriguez
You're right about JPY. I just would like to catch good trading options before BOE and ECB rate decision if possible. What you think about BOE potential .25 rate cut? will it drive G/U and G/J down?

A.
Phillip's method is not about predicting market direction but going with the flow - not getting on the train before it gets going and hope it would go a certain direction - but jumping on a moving train when it slows down a little.

With JPY I have a long bias mainly from looking at the COT futures data as the commercial hedgers are long heavy compared to the previous months. But again stick to the rhythm rules if you want to make money long term - let the trade come to you.
  • #11,132
  • Feb 4, 2008 1:23am Feb 4, 2008 1:23am
whats your idea about usdchf trade? i dont enter yet
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  • #11,133
  • Feb 4, 2008 1:32am Feb 4, 2008 1:32am
eurusd could be better even
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  • #11,134
  • Feb 4, 2008 1:54am Feb 4, 2008 1:54am
Folks, what do u think about GU ? it is possible to go long or it is too late ?
  • #11,135
  • Feb 4, 2008 2:21am Feb 4, 2008 2:21am
Quoting bshadroo
eurusd could be better even
Hi bshadroo..
Yep, both GU and EU are in a very good round bottoms..
  • #11,136
  • Feb 4, 2008 3:56am Feb 4, 2008 3:56am
iam waitng for text Anticipation Rules and Rhythm,cause my english bad,please guys,ryanmcd,olddog,thanks
  • #11,137
  • Feb 4, 2008 4:17am Feb 4, 2008 4:17am
is this the correct setup for long (round bottom) or should I wait for the next candle?'
regards
Boris

P.S.
great work from you guys keep on....http://www.forexfactory.com/images/icons/icon14.gif
Attached Image (click to enlarge)
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  • #11,138
  • Feb 4, 2008 4:33am Feb 4, 2008 4:33am
Quoting Borism
is this the correct setup for long (round bottom) or should I wait for the next candle?'
regards
Boris

P.S.
great work from you guys keep on....http://www.forexfactory.com/images/icons/icon14.gif

just my imho,its correct RB but your risk not 1:1 cause to near 21 ema for 1st take profit cause counter trend,for good trade wait price until break 21 ema than pulback to 21 ema(market ryhtem),wait for signal TC,lets price come to you,we must patience for get perfect setup in macd h4,thanks

"Together More Better Than Alone"
  • #11,139
  • Feb 4, 2008 4:47am Feb 4, 2008 4:47am
Quoting juang
iam waitng for text Anticipation Rules and Rhythm,cause my english bad,please guys,ryanmcd,olddog,thanks
Hi,
that's my written copy. I will have it done this GMT evening.
Regards.
  • #11,140
  • Feb 4, 2008 5:29am Feb 4, 2008 5:29am
Quoting bshadroo
eurusd could be better even
My picture has a suspicious tail, also don't forget the rules, price closed below 21, it should retrace to it - what has already happened, and may go down to the 89. It can also go up, but in this case I'll wait for the close above 21 and 8, retrace and TC with the trend.
Attached Image
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