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4 Hour Strategy (MACD)

  • #11,681
  • Feb 14, 2008 2:49am Feb 14, 2008 2:49am
Quoting hijackxx
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?
i have already a tc permision on h4 but the Q is that :should i enter or wait for breaking 108.38?
about eur:i think the big guys who eat our stoplosses this time dont let us enter this beautifull setup,they have alot of money and no need to attend phillips classes for them
  • #11,682
  • Feb 14, 2008 2:57am Feb 14, 2008 2:57am
Guys honestly, can we keep this thing to Philip's system only rules? I hate to see people like Ryan post less because there is too much distraction on here with other posts....
  • #11,683
  • Feb 14, 2008 3:19am Feb 14, 2008 3:19am
Quoting yofatmamma
Guys honestly, can we keep this thing to Philip's system only rules? I hate to see people like Ryan post less because there is too much distraction on here with other posts....
which posts do u mean?
  • #11,684
  • Edited 8:22am Feb 14, 2008 4:03am | Edited 8:22am
Hi,

the market is difficult to trade,lately. at least for me .
Maybe usd/jpy is developing a CT. Seems as if the price
is struggling at resistance round 108.35. Macd could develop
a double top on overbought level. Since price has crossed
200 it may come back to it, according to the rules. If entering a
trade, I'd set sl round 108,50, tp1 at 8ema and tp2 at 21ema/200sma.
Let's wait and see ... in 1h the candle will close. then I may decide to enter.

What do you think?

edit:
candle close:

I entered usd/jpy

short 108,25
sl 108,50 (2x -25)
tp1 108,00 (+25)
tp2 108,75 (+50)
r:r 50:75

edit:

sl triggered -50 pips (damn news)

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 16 KB
  • #11,685
  • Feb 14, 2008 4:22am Feb 14, 2008 4:22am
Quoting bshadroo
which posts do u mean?
bshadroo, i am just saying in general, its been getting worse lately, maybe its because the markets are not much in rythms lately. But I do enjoy the charts you post with all the Trend Lines, they are very informative.
  • #11,686
  • Edited 6:39am Feb 14, 2008 5:11am | Edited 6:39am
Quoting Zuir
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!
my 2 cents
I think entry point was OK, but I didn't take it because I am not confident in bullish momentum.
1.4630 is 38.2% of 1.4941-1.4438. 365ma at the same point. I would like to see a break above that point before trying to go long. Right now (11h00gmt) MACD is into a rising channel, but so far not enough momentum to break previous high.
I would like to see more rhythm before get involved...
If pair fails at 89/200 I would like to go short from these points if we get a signal.
Lets see... good luck!

A.
Attached Image (click to enlarge)
Click to Enlarge Name: Feb 14 11h00gmt.jpg Size: 27 KB
  • #11,687
  • Feb 14, 2008 5:55am Feb 14, 2008 5:55am
GbpUsd 08:00 candle




Entry 1.9649


Stoploss 1.9612

TP 1.9689 with 50% taken at 200sma and the rest at 89sma
Attached Image (click to enlarge)
Click to Enlarge Name: Cable_20080215.GIF Size: 41 KB
  • #11,688
  • Feb 14, 2008 6:20am Feb 14, 2008 6:20am
Hi guys,

Can someone tell me the success ratio of this trading system?

thanks
  • #11,689
  • Feb 14, 2008 6:52am Feb 14, 2008 6:52am
Quoting ee.fxfx
Hi guys,

Can someone tell me the success ratio of this trading system?

thanks
As high as you make it

- to say it is unsuccessful would be glib. It is very successful, but it depends upon the individual using it.

A lot of people have been successful with it since this thread opened more than a year ago, i was trading similar to this earlier than that, and it seems phil was trading for 2 years prior with success on this system.
  • #11,690
  • Feb 14, 2008 7:06am Feb 14, 2008 7:06am
Quoting PhilsOpinion
GbpUsd 08:00 candle




Entry 1.9649


Stoploss 1.9612

TP 1.9689 with 50% taken at 200sma and the rest at 89sma
Don't feel bad if you missed this trade...If you have charts that are on GMT time. Then you never got the Macd signal to go long until the price had already reached the 89.....there will be other chances......many other chances......pipip....Jimdandy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #11,691
  • Feb 14, 2008 8:12am Feb 14, 2008 8:12am
JPYUSD: 15:00
long: 108.43
Stop: 108.05
1st TP: 109
2nd TP: 365 MA
If I'm up 25 pips, I'll move stop to BE.

Entered on a TC with new high and 1H confirmation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpy trade 4h.gif Size: 27 KB
Click to Enlarge Name: jpy trade.gif Size: 28 KB
  • #11,692
  • Feb 14, 2008 8:56am Feb 14, 2008 8:56am
Quoting arodriguez
my 2 cents
I think entry point was OK, but I didn't take it because I am not confident in bullish momentum.
1.4630 is 38.2% of 1.4941-1.4438. 365ma at the same point. I would like to see a break above that point before trying to go long. Right now (11h00gmt) MACD is into a rising channel, but so far not enough momentum to break previous high.
I would like to see more rhythm before get involved...
If pair fails at 89/200 I would like to go short from these points if we get a signal.
Lets see... good luck!

A.

You was right, unfortunatly. There was another big reason. In daily graphics the SMA89 was a strong resistence on 1,4646 that I didn't saw. I must take my pips at that point or, better, don't do that because the risk of this trade was high.

My stoploss was in 1,4580. Now -34pips. Continue learning.
  • #11,693
  • Feb 14, 2008 9:05am Feb 14, 2008 9:05am
Quoting JimDandy
Don't feel bad if you missed this trade...If you have charts that are on GMT time. Then you never got the Macd signal to go long until the price had already reached the 89.....there will be other chances......many other chances......pipip....Jimdandy
Hi Jim,
Thanks for the post.I was a kind of confused too.I could guess that's the reason but i wasn't sure.

Regards
Mike
Failure, is a wonderful teacher!
  • #11,694
  • Feb 14, 2008 9:05am Feb 14, 2008 9:05am
12Feb2008 Written copy
Attached File(s)
File Type: doc Daily Wrap Up 12Feb 2008 written copy.doc   24 KB | 539 downloads
  • #11,695
  • Feb 14, 2008 9:32am Feb 14, 2008 9:32am
I am waiting for at TC on the swissy if the 21 holds hopefully in another 3-4 bars.
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  • #11,696
  • Feb 14, 2008 9:34am Feb 14, 2008 9:34am
Quoting Zuir
You was right, unfortunatly. There was another big reason. In daily graphics the SMA89 was a strong resistence on 1,4646 that I didn't saw. I must take my pips at that point or, better, don't do that because the risk of this trade was high.

My stoploss was in 1,4580. Now -34pips. Continue learning.
Zuir,
I'm so sorry. Pair (E/U) is going nowhere right now. Going to sleep. Short term outlook is bullish but there is a lack of momentum... or strong resistances ahead. Current candle's formations show indecision in market. Next time, when market is not really going with you, try to move to BE asap. When price was at 4638 you could get small profit. Dr. Elder said: "experts run, newbies wait for losses". Animo!

A.
  • #11,697
  • Feb 14, 2008 9:47am Feb 14, 2008 9:47am
You guys are really starting to just trade anything or crap. Why not wait for a good trade? I guess this is the reason only 5% of the people make it in trading and everyone else loses. Keep taking these crap trades and you will be back to paper in no time. I guess you really can not teach someone to trade because they start off okay, then they start adding all of this crap to the trade and then start losing and do not understand why. These past 5-10 pages have all been for the most part crap trades, if you made money it was mostly luck not skill. Here is how I read the market.


EURUSD = LONG
GBPUSD = LONG
USDJPY = LONG
EURJPY = LONG


If you are going short on these you are taking a CT trade on in a bullish market. I posted on Sunday that we are going to have some TC's on these and it happened. Look at the trend here, its going up right? So why get short? Are you smarter then the market? Have you already made 10's of millions making these trades? Do you want to be a hero and tell your friends they you COUGHT THE TOP AND SHORTED IT? You guys keep shorting this bull movement and I will keep getting long and laugh each time you stop gets pegged. If you CT trade you will be right at the top and bottom, I will enjoy the 6-10 WINNING trades that are in the middle.
Keep taking CT trades, I need more money
  • #11,698
  • Feb 14, 2008 9:47am Feb 14, 2008 9:47am
Quoting EricthePip
12Feb2008 Written copy


thanks ericccccccccccc
  • #11,699
  • Feb 14, 2008 9:49am Feb 14, 2008 9:49am
Quoting Ryanmcd
Looks like we may have longs on Eur, GBP, and JPY coming up TC setups.

^^^^ This is knowing the market movement. It's easy to see if not go over Phillip's lessons over and over until you get it.
Keep taking CT trades, I need more money
  • #11,700
  • Feb 14, 2008 9:52am Feb 14, 2008 9:52am
Quoting Ryanmcd
^^^^ This is knowing the market movement. It's easy to see if not go over Phillip's lessons over and over until you get it.
But daaad (ryan).. I'm waiting for TC's here.. I thought I haven't post any of my trades yet??
I'm sorry it's nothing to do with the system..
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