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4 Hour Strategy (MACD)

  • #11,661
  • Feb 13, 2008 1:28pm Feb 13, 2008 1:28pm
Quoting EricthePip
I'll post the 2/12 written copy tonight or early AM tomorrow (In a two day meeting).

Sorry for the delay.
Eric
dont say sorry ,thats not ur purpose just ur doing us a favor.thx alot and good luck
  • #11,662
  • Feb 13, 2008 3:07pm Feb 13, 2008 3:07pm
I was going to study the 13 lessons that you have posted earlier. But any time I try to get them I end up in the same post (very frist post).
Can someone tell me how to get those docs?
Thanks.
Never enter a Trade without a STOP LOSS
  • #11,663
  • Feb 13, 2008 3:17pm Feb 13, 2008 3:17pm
Quoting rc2008
I was going to study the 13 lessons that you have posted earlier. But any time I try to get them I end up in the same post (very frist post).
Can someone tell me how to get those docs?
Thanks.
http://www.fxtradeblog.com/method.html
"Your big opportunity may be right where you are now." Napoleon Hill
  • #11,664
  • Edited 5:49pm Feb 13, 2008 5:25pm | Edited 5:49pm
No clear entries yet this week.

Let's see if GBP, JPY or CHF will give a clear entry TC signal ..... Watching those.

Edit: Some PM about my alert - for the above 3 pairs I am waiting for the 4H TC and the column checkboxes should be set as below. Column 5 is checked for CHF & JPY because MACD has not had a closed red bar yet.
Attached Image
  • #11,665
  • Feb 13, 2008 6:46pm Feb 13, 2008 6:46pm
Maxter,

What alert is that you're talking about?
  • #11,666
  • Feb 13, 2008 7:14pm Feb 13, 2008 7:14pm
Quoting wazzuvius
Maxter,

What alert is that you're talking about?
From last week.

http://www.forexfactory.com/showthre...09#post1840509
http://www.forexfactory.com/showthre...60#post1841260
http://www.forexfactory.com/showthre...35#post1843935
  • #11,667
  • Feb 13, 2008 8:08pm Feb 13, 2008 8:08pm
Hello, everyone
I am a newcomer to this strategy which is most complete and amazing in the strategies I have seen.Thanks for Philip, Olddog, Eric,...'s effort for this great stratedgy. You are so kind, generous.
I started to learn this strategy and went througn many attachments. Almost all the mp3 have been translated into wrriten copies which are very helpful.

OldDog and Eric,
Could you help to make the Page 329 post 4934 article "Which way is the trend" mp3 wrriten copy which I could not find. Thank you very much in advance.
Rhythm, Motion, Emotion and Risk Reward.
  • #11,668
  • Edited Feb 14, 2008 5:36am Feb 13, 2008 9:29pm | Edited Feb 14, 2008 5:36am
i take CT for usdchf,open 1.1070 sl=1.1106,tp=1.1030.

the reason for counter trend

1.canddle pattern tail from the top and doji
2.R:R ok

edit:close all at 21 ema(1.1040)=30 pips.



"Together More Better Than Alone"
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf9pagi h4.gif Size: 18 KB
  • #11,669
  • Feb 13, 2008 10:42pm Feb 13, 2008 10:42pm
Not saying it CANNOT happen, however, the expectation for a counter trend trade is a retracement only back to the 8ema (which I have at around 1.1060, about 10 pips below your entry). In order to make your R:R look favorable you've assumed a retracement back to the 21 which in this case represents a full retracement of the 12:00 candle.

Also

I would manage this trade very closely as a TC is more likely off the 8ema in my opinion by a quick glance at the chart. In that case you may wish to take a little profit at the 8ema and set the stop to BE on the entire trade.... Just my 2 cents... Of course doing this you may get stopped out if the move is indeed down to the 21ema... Time will tell



Quoting juang
i take CT for usdchf,open 1.1070 sl=1.1106,tp=1.1030.

the reason for counter trend

1.canddle pattern tail from the top and doji
2.R:R ok




"Together More Better Than Alone"
  • #11,670
  • Feb 13, 2008 10:52pm Feb 13, 2008 10:52pm
Quoting EricthePip
Not saying it CANNOT happen, however, the expectation for a counter trend trade is a retracement only back to the 8ema (which I have at around 1.1060, about 10 pips below your entry). In order to make your R:R look favorable you've assumed a retracement back to the 21 which in this case represents a full retracement of the 12:00 candle.

Also

I would manage this trade very closely as a TC is more likely off the 8ema in my opinion by a quick glance at the chart. In that case you may wish to take a little profit at the 8ema and set the stop to BE on the entire trade.... Just my 2 cents... Of course doing this you may get stopped out if the move is indeed down to the 21ema... Time will tell


off course i will manage my trade ,if after 3 candle not down i will cut lose(mr. philip advice).and if down i will do set to bep coz i am CT.thanks your advice.
  • #11,671
  • Feb 13, 2008 11:17pm Feb 13, 2008 11:17pm
Maxter,

Thanks for the help. Actually, I had checked through the attachments for the thread, but hadn't thought of looking for a zip file. Lesson learned. Anyway, I can't seem to get it to work. After I get all the files extracted, alter score.ini, and then run the program, I get "File not found" when I click "OK." Do you know what I might have done wrong? I honestly can't think of anything. It seems so straight forward. I tried the process three times.
  • #11,672
  • Feb 14, 2008 12:55am Feb 14, 2008 12:55am
I entered long on U/J at 108.33.
SL 107.95
1° TP 108.70
Reasons: TC on 4H MACD and Morning Star
  • #11,673
  • Feb 14, 2008 1:18am Feb 14, 2008 1:18am
Quoting deforexit
I entered long on U/J at 108.33.
SL 107.95
1° TP 108.70
Reasons: TC on 4H MACD and Morning Star
I am waiting to see what happens because every one of those 4H bar high are the same.

And I turn around for a sec and GBP shot up .....

Wazz : check your PM
  • #11,674
  • Feb 14, 2008 1:51am Feb 14, 2008 1:51am
Quoting deforexit
I entered long on U/J at 108.33.
SL 107.95
1° TP 108.70
Reasons: TC on 4H MACD and Morning Star
Good spot.
  • #11,675
  • Feb 14, 2008 2:07am Feb 14, 2008 2:07am
i was waiting for the h1 close for an early entry hoping in close around 4590 ,
but now its very high and cannot enter.seems traders around the world dont wait for candle close and just click on BUY.itresting thing is it was around 4590 2minutes before close but fliyed 30pips in 2 minute wich is very significant .maybe should learn this one!
Attached Image (click to enlarge)
Click to Enlarge Name: e1.gif Size: 36 KB
  • #11,676
  • Feb 14, 2008 2:13am Feb 14, 2008 2:13am
Quoting bshadroo
i was waiting for the h1 close for an early entry hoping in close around 4590 ,
but now its very high and cannot enter.seems traders around the world dont wait for candle close and just click on BUY.itresting thing is it was around 4590 2minutes before close but fliyed 30pips in 2 minute wich is very significant .maybe should learn this one!
LOL!! They should've attend Phillip's class before buying..
  • #11,677
  • Feb 14, 2008 2:16am Feb 14, 2008 2:16am
there is a uj tc signal on my platform .but i like it breaks high to enter .icannot just hope it close high i should see it and then i enter even if something like eur happends .
btw am i right ? or should just enter and hope it breaks? i know rules doesnt say this but this is a question about the rules
Attached Image (click to enlarge)
Click to Enlarge Name: e1.gif Size: 29 KB
  • #11,678
  • Feb 14, 2008 2:22am Feb 14, 2008 2:22am
Quoting bshadroo
there is a uj tc signal on my platform .but i like it breaks high to enter .icannot just hope it close high i should see it and then i enter even if something like eur happends .
btw am i right ? or should just enter and hope it breaks? i know rules doesnt say this but this is a question about the rules
If the rule says don't enter.. then follow the rules.. if u wanna trade earlier, it's ur choice.. It's ur own money afterall. I can't tell you what to do.. RIGHT?
  • #11,679
  • Edited 2:58am Feb 14, 2008 2:23am | Edited 2:58am
Quoting bshadroo
i was waiting for the h1 close for an early entry hoping in close around 4590 ,
but now its very high and cannot enter.seems traders around the world dont wait for candle close and just click on BUY.itresting thing is it was around 4590 2minutes before close but fliyed 30pips in 2 minute wich is very significant .maybe should learn this one!

Feb 14, 08:00 GTM
Long on E/U at 1,4614
S/L 1,4580
T/P 1,4670
I take it because it brokes resistence and now the next step in the way are SMA 89 and 200. My stop loss is under last resistence, now sopport.
Any opinion?
Thanks!
  • #11,680
  • Feb 14, 2008 2:49am Feb 14, 2008 2:49am
Hi everybody,

Could you add date and entry or exit time using GMT time on your posts? just for better understanding... per example:
Feb 14, 06:00 GMT
Long on U/J at XX.
SL X
1° TP XX
Reasons: XX
...

If you don't know your current time zone, check
http://www.worldtimezone.com/

A.
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