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4 Hour Strategy (MACD)

  • #11,821
  • Feb 17, 2008 7:16pm Feb 17, 2008 7:16pm
Hey everyone. I got back in town this weekend, glad to be home after talking to people where the majority of everyone's first name begins with 'Dr.', I prefer 'dude' myself.

I skimmed through the thread to get the weekly downloads, welcome to all the new faces. If you have the patience, this method will serve you well.

The website for Phillip's method is getting an overhaul and I may have it all posted tomorrow pending this wicked line of thunderstorms complete with tornadoes doesn't get the best of us right now. In case you haven't heard, the US Copyright Office granted Phillip a copyright for his work so nobody else can claim it. Congrats to Phillip!

Glad to be back here, I'll repost when the upgrade to the website is completed.

-Peace
  • #11,822
  • Feb 17, 2008 7:21pm Feb 17, 2008 7:21pm
Quoting Palmer
Hey everyone. I got back in town this weekend, glad to be home after talking to people where the majority of everyone's first name begins with 'Dr.', I prefer 'dude' myself.

I skimmed through the thread to get the weekly downloads, welcome to all the new faces. If you have the patience, this method will serve you well.

The website for Phillip's method is getting an overhaul and I may have it all posted tomorrow pending this wicked line of thunderstorms complete with tornadoes doesn't get the best of us right now. In case you haven't heard, the US Copyright Office granted Phillip a copyright for his work so nobody else can claim it. Congrats to Phillip!

Glad to be back here, I'll repost when the upgrade to the website is completed.

-Peace
Get to it slacker Ya, these storms are fun stuff lol
Keep taking CT trades, I need more money
  • #11,823
  • Feb 17, 2008 7:50pm Feb 17, 2008 7:50pm
Quoting Palmer
Hey everyone. I got back in town this weekend, glad to be home after talking to people where the majority of everyone's first name begins with 'Dr.', I prefer 'dude' myself.

I skimmed through the thread to get the weekly downloads, welcome to all the new faces. If you have the patience, this method will serve you well.

The website for Phillip's method is getting an overhaul and I may have it all posted tomorrow pending this wicked line of thunderstorms complete with tornadoes doesn't get the best of us right now. In case you haven't heard, the US Copyright Office granted Phillip a copyright for his work so nobody else can claim it. Congrats to Phillip!

Glad to be back here, I'll repost when the upgrade to the website is completed.

-Peace

Hey, Palmer! Glad to see you back. We missed you
  • #11,824
  • Feb 17, 2008 9:13pm Feb 17, 2008 9:13pm
Quoting Ryanmcd
Long USDJPY 107.86 Stop @ 107.63


ryan please share your analysis



usd/jpy make lower high and close below 21 ema with huge candle.with market rythem maybe usd/jpy go to 89 sma,only 200 sma become strong support .just my IMO.thanks


"Together More Better Than Alone"
  • #11,825
  • Feb 17, 2008 9:17pm Feb 17, 2008 9:17pm
Quoting juang
ryan please share your analysis



usd/jpy make lower high and close below 21 ema with huge candle.with market rythem maybe usd/jpy go to 89 sma,only 200 sma become strong support .just my IMO.thanks


"Together More Better Than Alone"

Just got out +1, was looking for it to pop up but did not happen. will wait for it to take out the high and pullback to the 21ma now.

*** tail down, 200 shows support. I still think it will go up but dont want to hold it for 8 hours when I sleep.
Keep taking CT trades, I need more money
  • #11,826
  • Feb 17, 2008 9:29pm Feb 17, 2008 9:29pm
I'd be careful on this one on long side. If the s-h-s pattern holds (on the MACD), it's broke the neckline and retraced back to neckline (support may become over head resistance, on the MACD).... plus looks to be a hammer down (long tail) 00:00 candle.... Expanded MACD on posted chart to show s-h-s with retrace, not quite back to neckline...


Quoting Ryanmcd
Just got out +1, was looking for it to pop up but did not happen. will wait for it to take out the high and pullback to the 21ma now.

*** tail down, 200 shows support. I still think it will go up but dont want to hold it for 8 hours when I sleep.
Attached Image
  • #11,827
  • Feb 18, 2008 12:23am Feb 18, 2008 12:23am
waiting for a sell signal....
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 41 KB
  • #11,828
  • Edited 1:43am Feb 18, 2008 1:32am | Edited 1:43am
short at 1.9582, SL 1.9625

The price broke the 21 ema , retraced and now shows a tc on macd
closed 50% at 1.9553 the rest BE
  • #11,829
  • Feb 18, 2008 1:41am Feb 18, 2008 1:41am
Quoting Borism
short at 1.9582, SL 1.9625

The price broke the 21 ema , retraced and now shows a tc on macd
Great trade! Im with you
  • #11,830
  • Feb 18, 2008 1:42am Feb 18, 2008 1:42am
I entered short on G/U a little bit later at 19555
Reasons:
- TC signal on 4h MACD
- a beautiful tail on 8/21 MA

SL at 19590
1° TP at 19525
Attached Image (click to enlarge)
Click to Enlarge Name: g-u.gif Size: 17 KB
  • #11,831
  • Feb 18, 2008 2:19am Feb 18, 2008 2:19am
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.
Currently +86 pips. Locked in Lot#1 at 50 pips.
Locked in Lot#2 at breakeven.

Enjoying a free ride now!!
Attached File(s)
File Type: doc GU Daily 18-02-2008.doc   123 KB | 640 downloads
  • #11,832
  • Feb 18, 2008 2:27am Feb 18, 2008 2:27am
Here is the correct chart.
Attached File(s)
File Type: doc GBPUSD 18-02-08.doc   127 KB | 696 downloads
  • #11,833
  • Feb 18, 2008 2:37am Feb 18, 2008 2:37am
Quoting deforexit
I entered short on G/U a little bit later at 19555
Reasons:
- TC signal on 4h MACD
- a beautiful tail on 8/21 MA

SL at 19590
1° TP at 19525
Perfect setup.
How do you define your first TP?
Please look at my TL, i think the first TP should be 1.9536 on the TL.
I used the MetaTrader platform but there is no TC signal, who know how to take this trade as you?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 38 KB
Rhythm, Motion, Emotion and Risk Reward.
  • #11,834
  • Feb 18, 2008 3:21am Feb 18, 2008 3:21am
Well congrats for the starter of this topic (for over 100 pages of posts), but there is ONE BIG PROBLEM: Everyone is good at finding signals in 2004-2006. I seems the internet is full of books, trading systems and stuff based on the past. I wonder if the starter of this topic can make a video-capture showing us how he trades in live account using his system and I pretty sure Profit will be less than Loss.

No strategy is good for more than 3-6 months, than it must be adjusted because the market is alive and responding, it's not a dead thing.
Brainstorming ... the ...
  • #11,835
  • Feb 18, 2008 3:53am Feb 18, 2008 3:53am
Quoting bogdan
Well congrats for the starter of this topic (for over 100 pages of posts), but there is ONE BIG PROBLEM: Everyone is good at finding signals in 2004-2006. I seems the internet is full of books, trading systems and stuff based on the past. I wonder if the starter of this topic can make a video-capture showing us how he trades in live account using his system and I pretty sure Profit will be less than Loss.

No strategy is good for more than 3-6 months, than it must be adjusted because the market is alive and responding, it's not a dead thing.
Phillip has proven many times over, including the very recent past, that this strategy is still working and profitable for those who know and understand it. I think because his strategy is based upon market rhythm. It is very much treating the market as a living, breathing animal. This is why EA's do not work here, and why the MACD alone does not work. I suggest you look back over all these pages if you are truly interested in this strategy. If not, kindly research your remarks before you post them as you clearly do not understand this thread and how Phillip so tirelessly teaches us about rhythm.
May all your pips grow into great big fruitful trees
  • #11,836
  • Feb 18, 2008 3:56am Feb 18, 2008 3:56am
Quoting bogdan
Well congrats for the starter of this topic (for over 100 pages of posts), but there is ONE BIG PROBLEM: Everyone is good at finding signals in 2004-2006. I seems the internet is full of books, trading systems and stuff based on the past. I wonder if the starter of this topic can make a video-capture showing us how he trades in live account using his system and I pretty sure Profit will be less than Loss.

No strategy is good for more than 3-6 months, than it must be adjusted because the market is alive and responding, it's not a dead thing.
Hello Bogdan
welcome to the forum
If you read the whole 790 pages, you would see that Phillip and the rest of very good traders, post live trades every day including there charts and reasons for trades.
This method was, is and will be profitable as long as you stick to the rules.

regards
Boris
  • #11,837
  • Feb 18, 2008 4:00am Feb 18, 2008 4:00am
Quoting bogdan
Well congrats for the starter of this topic (for over 100 pages of posts), but there is ONE BIG PROBLEM: Everyone is good at finding signals in 2004-2006. I seems the internet is full of books, trading systems and stuff based on the past. I wonder if the starter of this topic can make a video-capture showing us how he trades in live account using his system and I pretty sure Profit will be less than Loss.

No strategy is good for more than 3-6 months, than it must be adjusted because the market is alive and responding, it's not a dead thing.
the pages are 790 by the way..
and don't worry, we will adjust it
  • #11,838
  • Feb 18, 2008 4:04am Feb 18, 2008 4:04am
The price found resistance in 200 and is going down towards 21. I will consider long if support at 21 holds

Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 132 KB
  • #11,839
  • Feb 18, 2008 4:06am Feb 18, 2008 4:06am
Quoting aihua5
Perfect setup.
How do you define your first TP?
Please look at my TL, i think the first TP should be 1.9536 on the TL.
I used the MetaTrader platform but there is no TC signal, who know how to take this trade as you?
Hi there aihua5, welcome to the thread. I see your TL and this is often a good indication of where to put a TP level and/or move to BE / lock-in profit. The problem with your TC is not so clear. Are you waiting for the bar to turn green? The colour indicates direction. If the rhythm is bear, as you have correctly identified, then a red bar on the MACD is a bear TC. Green is for bull moves. Does this help? Let me / us know.

Rebecca,x.
May all your pips grow into great big fruitful trees
  • #11,840
  • Feb 18, 2008 4:15am Feb 18, 2008 4:15am
Quoting Borism
The price found resistance in 200 and is going down towards 21. I will consider long if support at 21 holds

Any thoughts?
Hi Boris,

I would like to see clearer separation between the MA's, they are all quite tight here. Maybe it's because I'm an old lady, but I like to see the 8 & 21 above the 89 before I commit to a bull move. I prefer the cautious, "slow but steady wins the race" kind of approach! Call me old-fashioned and "safe" if you like!!

Rebecca,x.
May all your pips grow into great big fruitful trees
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