4 Hour Strategy (MACD) | Page 583 | 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)

  • #11,641
  • Feb 13, 2008 8:52am Feb 13, 2008 8:52am
Hi Borism,

I'm glad you can take positive, constructive criticism - in your own words "minds are like parachutes", but as soon as you let the ego run your thoughts and actions, your parachute becomes full of holes!

Let the rules of the 4hr system determine your trades, not your ideas, opinions, beliefs... the market doesn't know or care what you think, but it does pay attention to the rules of the system most of the time. If we patiently let the market come to us, it's a lot friendlier than when we chase it aggressively and are blinded by emotion.

Nice pips for you on the U/J, well done there.
May all your pips grow into great big fruitful trees
  • #11,642
  • Feb 13, 2008 8:53am Feb 13, 2008 8:53am
Nevermind.
We are our own greatest enemy.
  • #11,643
  • Feb 13, 2008 8:58am Feb 13, 2008 8:58am
please look my chart,price bounce to 21 ema and macd give the signal on TC ,but look the candle before signal coming ,the 1 st candle give tail up,2 st give tail down,so for me ,the best action is waiting.please corectme if i am wrong.thanks




"Together More Better Than Alone"
Attached Image (click to enlarge)
Click to Enlarge Name: gu h4.gif Size: 19 KB
  • #11,644
  • Feb 13, 2008 9:12am Feb 13, 2008 9:12am
ok.. i decided to enter after 50%retracement on uj .reason 1-it breaks up the triangle and 200ma 2-macd gives a strong signal 3-its wednesday and swap cause people buy this pair
entry:107.95
SL:below the 200 and 8 @107.55
Attached Image (click to enlarge)
Click to Enlarge Name: e1.gif Size: 29 KB
  • #11,645
  • Feb 13, 2008 9:18am Feb 13, 2008 9:18am
Hi Juang,

If you put your 2 preceding candles together they would make a large spinner!

The proximity of the 200 and 89 together above the current price action will give the market something to think about. The recent rise has been counter trend, (always dodgy!) but the fall and bounce against the 8 & 21 were beautifully done. Let's see where it goes and how the 200 and 89 crushing against the 8 & 21 will squeeze out the action!

Rebecca,x.
May all your pips grow into great big fruitful trees
  • #11,646
  • Feb 13, 2008 9:26am Feb 13, 2008 9:26am
Quoting Bag Lady
For those watching U/J, you will see exactly the scenario Philip talked about in yesterdays daily wrap up. The 200 has been pierced. I have been anticipating a bull move, and the break of the 200 was to be my trigger, but a break is not a break until one candle closes and the next opens above the 200 (and the rhythm is showing trend continuation).

Please be patient here. Do not jump in afraid that you are missing out. The market will go wherever it wants, not necessarily where you want.

There is strength in a 200 break, but wait for the confirmation. If the bulls are ready for a ride, they will gather their strength via a pullback before going on the long road. Look at the rhythm, if it's right then join the ride. If the rhythm of the pullback feels wrong, and the breakout is false, then you've lost nothing.


Good Trading,
Rebecca,x.
We're on the same page. Nice analysis!
I haven't traded this pair in 3 weeks, so I'm definitely ready. But that can't affect my decision making.
  • #11,647
  • Feb 13, 2008 9:36am Feb 13, 2008 9:36am
Is anybody here in this forum who speaks German as a main language?
I would be pleased, if they can contact me for a mutual help.
(Everything outside the forum, no additional load for the forum).
In any case I would like to learn this strategy correctly.

Thanks!!
  • #11,648
  • Edited 9:55am Feb 13, 2008 9:38am | Edited 9:55am
Quoting Hookem28
We're on the same page. Nice analysis!
I haven't traded this pair in 3 weeks, so I'm definitely ready. But that can't affect my decision making.
Hi, yeah, I've been waiting ages too! The rules say that when price breaks the 200sma, it moves back to it before moving on. It seems to be retracing now, so let's watch carefully where it goes! .

Ryan's Bollinger Bands are also helpful at times like this for giving an idea of where price needs to take a breather. Sometimes it won't retrace in terms of falling back by x number of pips, sometimes it hangs around for a few doji's or whatever until the 8 ema and the BB's catch up!

(Don't worry about BB's if you don't know about them - they are not part of the 4hr strategy indicators, but I like them as an extra filter. The mid-BB follows the 21ema pretty closely, and price rhythm gives you the rest.

The 21 ema and the price rhythm are what is really important here, please don't let me confuse anyone with extra indicators and please don't ask about them in this thread! Apologies to Phillip and the thread if I have overstepped the mark or strayed off topic?)
May all your pips grow into great big fruitful trees
  • #11,649
  • Feb 13, 2008 10:15am Feb 13, 2008 10:15am
Quoting juang
please look my chart,price bounce to 21 ema and macd give the signal on TC ,but look the candle before signal coming ,the 1 st candle give tail up,2 st give tail down,so for me ,the best action is waiting.please corectme if i am wrong.thanks
Hey juang,
I saw that large candle shot GU up too, and I THINK I remember when phillip's entry strategy to enter in a large candlestick TC is by dividing ur lot and enter in various fibo retracement level. I'm not taking GU though.
  • #11,650
  • Feb 13, 2008 10:26am Feb 13, 2008 10:26am
Info
Attached File(s)
File Type: zip Daily Wrapup 13 Feb2008.zip   674 KB | 969 downloads
  • #11,651
  • Feb 13, 2008 11:00am Feb 13, 2008 11:00am
Quoting hijackxx
Hey juang,
I saw that large candle shot GU up too, and I THINK I remember when phillip's entry strategy to enter in a large candlestick TC is by dividing ur lot and enter in various fibo retracement level. I'm not taking GU though.

its right,but for me the important rule don't just take TC but u must look price action (candle pattern),the tail up and down make me not taking the TC .thanks



"Togeher More Better Than Alone"
  • #11,652
  • Feb 13, 2008 11:17am Feb 13, 2008 11:17am
Got up at 5 AM, as always, to check the markets.

The GBPUSD set up a nice TC on my charts. I don't have a long tail to the top that is being discussed here. The 89 was well within reach, so I took the TC.

Right now, I am still in the trade, but the bars are stuck between the 21 and 89 MA's. Maybe I will eventually get out with a small gain, but I am not going to close out.

The EURUSD almost set-up a TC, but with the 200 right above, I did not take this trade.

The USDJPY showed a nice TC off the 21, but since the signal bar was still in previous traffic, I passed on the trade. Kicking myself for that decision.

The EURGBP set-up a short TC, that I passed on due to traffic (I need to learn to stop passing on TC trades if the bar is strong but still in traffic).

The EURJPY and GBPJPY and EURCHF had perfect TC plays that closed above the 89 MA. Why did I not take these trades? I don't know. But I know if I see a TC set up that perfect again, I will be damned if I miss it.

I took one trade I would take again (my charts do not show a long tail to the top). Passed on one that might eventually come around. Need to learn to not worry too much about market congestion if the bar is strong. And I am kicking my ass for missing not 1, but 3 perfect TC plays.

I have a lot to learn, but I am motivated to learn.
  • #11,653
  • Feb 13, 2008 11:27am Feb 13, 2008 11:27am
I probably would have passed on the USD/JPY and the EUR/GBP as well. They were both ranging and they were close to resistance. This time they worked out but I don't think they were that good of trades to take. I would have taken EUR/CHF for sure if I wasn't sleeping.
  • #11,654
  • Feb 13, 2008 11:50am Feb 13, 2008 11:50am
My chart seems to be differing from most everyone else on here. As of right now my EUR/USD is consolidating between 21 and 365. Correct me if Im wrong but the rhythm theory for it is for price to close back below 21 and head for 89? Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 197 KB
"Your big opportunity may be right where you are now." Napoleon Hill
  • #11,655
  • Feb 13, 2008 11:50am Feb 13, 2008 11:50am
Daily Wrap Up, written copy. For those with difficulty understanding spoken English.
Attached File(s)
File Type: doc PhillipNel DailyWrapUp 13Feb2008.doc   6 KB | 573 downloads
  • #11,656
  • Feb 13, 2008 11:53am Feb 13, 2008 11:53am
olddog,bil2005,ashes,and another ,please helpme about daily wrapup 12 and 13 -02-2008 become to text,thanks

edit :tahnks my brother





"Together More Better Than Alone"
  • #11,657
  • Feb 13, 2008 12:17pm Feb 13, 2008 12:17pm
Quoting Phillip Nel
Info
New to the system. Looks very promising. I know you've heard this a lot, but I just wanted to take the time to thank you for your time and effort and for sharing it with others. It is a sign of great character
Raymond
  • #11,658
  • Feb 13, 2008 12:39pm Feb 13, 2008 12:39pm
Quoting juang
olddog,bil2005,ashes,and another ,please helpme about daily wrapup 12 and 13 -02-2008 become to text,thanks

edit :tahnks my brother





"Together More Better Than Alone"
Juang, the Daily Wrap Up 12Feb will be a little late, since Eric has business he has to attend to. We take turns typing these up and maintain an order so that we don't duplicate each other's work. That means one of us will be a little late from time to time. Don't worry, we won't forget you. --Tony
  • #11,659
  • Feb 13, 2008 12:44pm Feb 13, 2008 12:44pm
Quoting OldDog
Juang, the Daily Wrap Up 12Feb will be a little late, since Eric has business he has to attend to. We take turns typing these up and maintain an order so that we don't duplicate each other's work. That means one of us will be a little late from time to time. Don't worry, we won't forget you. --Tony

Thankyou tony emmuacchhh, and for my teacher mr.philip many thanks for you emmuachhhhh
  • #11,660
  • Feb 13, 2008 1:21pm Feb 13, 2008 1:21pm
I'll post the 2/12 written copy tonight or early AM tomorrow (In a two day meeting).

Sorry for the delay.
Eric

Quoting juang
olddog,bil2005,ashes,and another ,please helpme about daily wrapup 12 and 13 -02-2008 become to text,thanks

edit :tahnks my brother





"Together More Better Than Alone"
9 traders viewing now