4 Hour Strategy (MACD) | Page 590 | 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)

  • #11,781
  • Feb 15, 2008 8:30am Feb 15, 2008 8:30am
Have a nice weekend.
Such a wonderful week for me and you guys to learn.
  • #11,782
  • Feb 15, 2008 9:17am Feb 15, 2008 9:17am
I will post some trades if we get them next week, This week I have been sick so I just watched on the sidelines. I do like how the EURUSD just pushed over the 200MA though so it may have some legs. Also going to look at more charts with tails
Keep taking CT trades, I need more money
  • #11,783
  • Feb 15, 2008 9:17am Feb 15, 2008 9:17am
Quoting pipsy_2
Lets wait, maybe Philip will tell us what was wrong
Hey Pipsy,
I didn't enter this trade because I was worry about this trend line.

Regards
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 27 KB
Failure, is a wonderful teacher!
  • #11,784
  • Feb 15, 2008 9:23am Feb 15, 2008 9:23am
Quoting Pipsi cola
sorry for off topic, but i just wanted to show you this pack of tails on the 1h against the 200sma on the 4h. tells me that price has found some resistance there. might come down.
yes, i sold at 4685 ,put my sl to BE after 25 for a 40pip profit.its turned up and hitted my be stoploss and i loose 30pip profit which i had
  • #11,785
  • Feb 15, 2008 9:42am Feb 15, 2008 9:42am
Quoting BIL2205
HI , the post you have refered to was intented to explain the purpose of the Diffeerent moving averages. But according to market rhythm price on euro was heading for 89, i anticipated a pullback the 21 , but price moved a little faster and consolidated around the 8 ema and is now moved to 89 and 200 sma.
Now from here 2 scenarios can be anticipated.

#1: price has to break 89 , pull back to to it or the 21 if it jas crossed 89 by then and then move away to get into bullish mode.( this scenario will be of intrest to me for a trade)

#2 price goes back through the 21, pulls back to it and then moves away ( down) to resume its bearish mode. ( will be of interest to me as well)

Another scenario is a round top on macd with resistance at the 200 and 89 with a trade opportunity down to the 8 and 21 ema but that would be counter trend trade( counter to the short term bullish mode price is in) but i have only been doing trend continuation so will skip that.
Hope this helped. Pip well and Plenty,

Nadia.
Hi everybody! Nadia, thanks for your feedback. Just to think about during the weekend.
I am seeing some people are losing money, and they were here before me. why? I am not really sure about that, but my first feeling is they don't have a trading plan... perhaps they have a "daily" trading plan... even "4h trading plan", but not a weekly or long term trading plan.

I don't know how you do, but I need a "weekly plan", trying to have potential entry or exit points... you know... if market is bullish... look for bullish TC, even RBs... but is hard to see some people going short when market is going up...

Let me say that Nadia's post is something that some of us need. Analysis... strategy... how to trade a specific pair... Maybe, every Monday we could post similar analysis.

Have a nice weekend!

A.
  • #11,786
  • Feb 15, 2008 11:04am Feb 15, 2008 11:04am
Dear Friends,

I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!

Macalmd
Attached Image (click to enlarge)
Click to Enlarge Name: 15-2-2008-UJ.jpg Size: 167 KB
  • #11,787
  • Feb 15, 2008 11:20am Feb 15, 2008 11:20am
Quoting macalmd
Dear Friends,

I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!

Macalmd

The only thing I can think off is that huge tail. If I was not more aware of tails like I am now I would of took that long right with you. Now as Phillip keeps saying when the bar is huge or there is a long tail watch out due to emotion.
Keep taking CT trades, I need more money
  • #11,788
  • Feb 15, 2008 11:24am Feb 15, 2008 11:24am
Quoting macalmd
Dear Friends,

I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!

Macalmd
I believe you entered based off of possible bar formation on the 4H, but you entered early on the 1H chart, correct?

If so, I would recommend just sticking to the 4H chart and remaining patient. Many of the best traders here go days, even a few weeks, without making a trade. I am still new to the system (been here since October) and I have not even tried the 1H entry. I have read about it, but I feel a mix of confusion/higher potential to lose/not enough time to watch the market, keeps me on the 4H charts only.

Stick with the 4H. Wait for the bar to close. Watch for the candle formation and movement with regards to rythem. And if all above checks out, look at the MACD to see if you get a signal. I often get everything looking correct, then the MACD will still not show the signal. I never take these trades, and often it is a wise decision.
  • #11,789
  • Feb 15, 2008 11:30am Feb 15, 2008 11:30am
Ryan,

I am interested in the tail situation as well. If you can report back on anything you find, it would be of great use. I have been looking over it myself on the 4H charts.

In the past I got burned by a long tail. Everything set-up correctly, but there was a tail to the top. I went long and the trend reversed against me and stopped out.

I asked Phillip what to do in such a situation, and he said if there is a long tail against the direction you want to trade, you are best to wait and see if the tail starts to get filled by the next bar. You could enter in partial lots, using a fib retracement against the tail area. Had I done this, I would have never even entered the trade in the first place (I learned ).

I have noticed this seems to work well, but I don't have enough time to follow the charts to enter this way perfectly every time. So often I stay out of tail trades.

I do have a follow up question for those using the Multiple Pivot Points tool attached to this thread for MetaTrader4. I have noticed the Multiple Pivot Points may also point out which tails are more dangerous and which are not as dangerous to trade against.

Do you have to continue to add the Multiple Pivot Points tool to the chart every day/week/certain time frame? Or does the Multiple Pivot Points tool automatically reset the pivot lines on every new daily bar?

Thank you to everyone for your help!
  • #11,790
  • Feb 15, 2008 11:52am Feb 15, 2008 11:52am
Huge tail yes. Plus look when you went short. My opinion the usd/jpy is very indecisive right now. Sideways since mid January and now the fake break out. In the case of your trade, maybe a little premature. 21 is still below the 8. I'm waiting for a retrace, get the MA's in order (at least the 8 below the 21) and then a TC down (if and only if it looks good). Also with this pair there seems to be a correlation to the US equity markets, so the wild swings on wall street, can impact the pair. Notice the rise and false break out coincided with the run up Tues-Wedsnesday. Then started tanking yesterday and today along with equities....


Quoting macalmd
Dear Friends,

I am newcomer to FOREX. Thanks for Phil's great effort, I get a little bit feeling of market at the beginning of papertrading. Here I have a question to ask all the friends as well as Phil.
In today's UJ chart, after an engulfing Doji, a buying signal bar is forming. I was involved earlier according to Phillip's "1H supporting 4H" strategy and make 18 pips before the market go reversely. I excaped from the loss only by luck and newcomer's impatience. Normally, we may involve after the signal bar is finished. But in today's case, it turn out to be a bad trade. So I would like to ask the experts how to filter out this trade or reduce some loss. Thanks a lot!

Macalmd
  • #11,791
  • Feb 15, 2008 11:58am Feb 15, 2008 11:58am
Market was tough to trade this week.
But I learned a lot. We learn more when market is harder to trade.
It's obvious that it's easy to make pips when market is easy to trade.
But the hard to trade market is where we can learn more most about the market and to prevent future losses. Because you only constantly make money by managing your account.
Hope next week will be a better week, if not we learn and get experienced even more!

Have a happy happy weekend to you all
members of this beautiful system.

Thank you Phillip always for making it possible for us
to trade wisely in the "tough" forex market!!
And thank you all friends to keep this thread going!
  • #11,792
  • Feb 15, 2008 12:16pm Feb 15, 2008 12:16pm
Quoting Ryanmcd
Chart

Look at this chart from last night I posted with the tails. I think I maybe onto something
Attached Image
Keep taking CT trades, I need more money
  • #11,793
  • Edited 12:58pm Feb 15, 2008 12:46pm | Edited 12:58pm
Hello everyone! Haven't posted here in a while...
Just a heads up w.r.t. Cable Daily Chart. It looks like a definite short signal with a TC developing on Daily chart.Price looks to be bouncing out of the 8-21 zone. Also looks like Cable will close with a lovely bearish engulfing candle later on.In addition, the 89 MA is looking to slice through the 200, for those of us who look to MA crossovers for confirmation.
R:R is good. SL @89 moving average is 177 pips. My Take Profit for my second lot will be the 22 January 2008 low which is 250 pips away. My first lot's target, however, will be the 7 February low which is 200 pips away.

Fundamentally,too, there is a case for shorting this pair, with the Bank of England finding itself in a similar boat to that of the Fed, looking to "fight inflation", but also save their housing market from the current "credit crunch".

Let me know what you guys think of this call.
PS I know this is the 4hr MACD thread, but I've been trading this strategy with success on the daily charts.Whenever I see high probability opportunities on the charts I study, I'll post it on the thread. Dailies are OK for people who miss the London trading session due to work commitments,etc.
Attached Image (click to enlarge)
Click to Enlarge Name: cable short tc 15 feb 2008.gif Size: 43 KB
  • #11,794
  • Edited 1:50pm Feb 15, 2008 1:14pm | Edited 1:50pm
A beautiful daily chart you have there, Doji Star. In addition, there's a H&S there on the daily. Becareful for those of you planning to go long next week. Me personally looking for shorts by next week, if there's a a chance and if daily candle would closes red.

Happy a nice weekend.
  • #11,795
  • Edited 1:56pm Feb 15, 2008 1:40pm | Edited 1:56pm
Quoting Ryanmcd
Look at this chart from last night I posted with the tails. I think I maybe onto something

A month or so ago when I got my tail aha moment - I thought to myself why was this dame simple thing so hard to see before. I look for them in 1H, 4H & Daily - the uglier they are & the more # of bars - the more significant to a higher timeframe cycle. Look at the 1H EUR right now - those tails are telling me to no longer look for TC as it is indicating that the 4H cycle may be ending. Then once you start to see tails, double tops & ugly things on the 4H - it is hinting the daily cycle may be turning. I love seeing how these daily, 4H, 1H price movements unfold in sync - now if I can only trade what I can now see.

But the kicker is Phillip mentions tails in most audios. I think more than half of his trades the key pulling reason is the tail.

When one sees a tail with a large counter move like we had in the JPY and a couple of bars ago in GBP - it hints danger in terms of TC entry. I think I remember Phillip calling these "Phillip Stars".
Attached Image (click to enlarge)
Click to Enlarge Name: 2h.gif Size: 23 KB
  • #11,796
  • Feb 15, 2008 2:01pm Feb 15, 2008 2:01pm
Ryan,

just had one of those, "hmmm" moments when looking at tails on the last few months on the euro and pound. Made my 21 EMA bright red and bold, and was looking at tails and where they occur in relation to where price is relative to the 21.... Big tails when market is away from 21, typically means that the markets coming back to the 21. Market moving on the 8, then moves counter trend, sometimes tails form on the 21, signaling market finding support on the 21 and may move back to the eight.... I need to study more, but it maybe worthwhile to bold the 21 when you're looking back in time at the tails.... Tie these to the motion and we'll get closer to what Phil does and how he wins 95% of his trades.....
  • #11,797
  • Feb 15, 2008 2:05pm Feb 15, 2008 2:05pm
Info
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 27 KB
Attached File(s)
File Type: zip Daily Wrapup 15 Feb2008.zip   819 KB | 993 downloads
  • #11,798
  • Feb 15, 2008 3:12pm Feb 15, 2008 3:12pm
Hello Everyone. Just wanted to thank everyone that contributes to this thread, especially Phillip for coming up with this system. It is a fantastic resource for new traders such as myself.
  • #11,799
  • Feb 15, 2008 3:16pm Feb 15, 2008 3:16pm
I will post some trades next week if they happen, Just been sick. Next week will will whip some pips outa it
Keep taking CT trades, I need more money
  • #11,800
  • Feb 15, 2008 3:18pm Feb 15, 2008 3:18pm
Interesting. I looked on Intrabank and my 89/200 crossed back on 2/1.... I'm using simple MA's for the 89 and 200, plus zero shift, apply to close.... I wonder why they show different. Regardless, Pound looking heavy.... Ryan, notice the tails on the chart and the move back down to the 21 (1/30, 1/31 and the big fall on 2/1). Then a retrace to the 21 (2/4 candle) another fall, and two nice tails today and yesterday, resting on the 21.....



Quoting Doji Star
Hello everyone! Haven't posted here in a while...
Just a heads up w.r.t. Cable Daily Chart. It looks like a definite short signal with a TC developing on Daily chart.Price looks to be bouncing out of the 8-21 zone. Also looks like Cable will close with a lovely bearish engulfing candle later on.In addition, the 89 MA is looking to slice through the 200, for those of us who look to MA crossovers for confirmation.
R:R is good. SL @89 moving average is 177 pips. My Take Profit for my second lot will be the 22 January 2008 low which is 250 pips away. My first lot's target, however, will be the 7 February low which is 200 pips away.

Fundamentally,too, there is a case for shorting this pair, with the Bank of England finding itself in a similar boat to that of the Fed, looking to "fight inflation", but also save their housing market from the current "credit crunch".

Let me know what you guys think of this call.
PS I know this is the 4hr MACD thread, but I've been trading this strategy with success on the daily charts.Whenever I see high probability opportunities on the charts I study, I'll post it on the thread. Dailies are OK for people who miss the London trading session due to work commitments,etc.
Attached Image
42 traders viewing now, 1 is registered:
Girelli