4 Hour Strategy (MACD) | Page 608 | 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)

  • #12,141
  • Feb 24, 2008 2:17am Feb 24, 2008 2:17am
i'm new to this strategy. i looked for some MACD forming and came across with this pair GBP/USD. i shorted some on this at .xx71. is this the right way of trade with this system?

anyone's guidance will be appreciated.
  • #12,142
  • Feb 24, 2008 11:41am Feb 24, 2008 11:41am
Quoting newline
i'm new to this strategy. i looked for some MACD forming and came across with this pair GBP/USD. i shorted some on this at .xx71. is this the right way of trade with this system?

anyone's guidance will be appreciated.

please,don't just take only macd signal,you must learn about market motion,market rhytem,S/R,.for g/u if you take the signal its mean counter tren d.the best signal if macd give trend continue with off 21 ema,please read from page 1 its very important.



"Together More Better Than Alone"
  • #12,143
  • Feb 24, 2008 12:05pm Feb 24, 2008 12:05pm
ready to go down
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 37 KB
  • #12,144
  • Edited 12:54pm Feb 24, 2008 12:39pm | Edited 12:54pm
Quoting bshadroo
ready to go down
just my imo.

i think we must wait till candle pattern to show for go down ,for me canddle pattern now not enough for go down.i will wait for 1 or 2 candle for taking short,mr .phil i want ask u about trend line ,please give me advice .this 1 st picture and this second picture,my question ,do you more draw trendline like 1 or number 2.for number 2, the second higher low i put for the new high low.thanks for u mr.philip



"Together More BETTER THAN ALONE"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trend.gif Size: 18 KB
Click to Enlarge Name: trend2.gif Size: 18 KB
  • #12,145
  • Feb 24, 2008 1:31pm Feb 24, 2008 1:31pm
Quoting juang
just my imo.

i think we must wait till candle pattern to show for go down ,for me canddle pattern now not enough for go down.i will wait for 1 or 2 candle for taking short,mr .phil i want ask u about trend line ,please give me advice .this 1 st picture and this second picture,my question ,do you more draw trendline like 1 or number 2.for number 2, the second higher low i put for the new high low.thanks for u mr.philip



"Together More BETTER THAN ALONE"
I allways try to keep the trendlines as simple as possible. I try to confine the price between two boundaries. There will allways be inner TL as well and must be watched for possible price halt before direction is taken.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy 1.gif Size: 28 KB
Click to Enlarge Name: 4 Hour Strategy.gif Size: 23 KB
  • #12,146
  • Feb 24, 2008 3:57pm Feb 24, 2008 3:57pm
Quoting Phillip Nel
I allways try to keep the trendlines as simple as possible. I try to confine the price between two boundaries. There will allways be inner TL as well and must be watched for possible price halt before direction is taken.


Thanks master,i will try to keep simple for trendlines .




"Together More Better Than Alone"
  • #12,147
  • Feb 24, 2008 4:54pm Feb 24, 2008 4:54pm
Did everyone look at the calendar for the week??? You might want to. There's a lot of red flags for the USD pairs so keep that in mind.

I'm looking for the EU to pull back some but with all of the news, who knows what is going to happen. If we get a close above 4850 there should be no problem with 4900 as the next target. The daily chart might be more meaningful here in terms of s/r levels because we are once again approaching highs and there is a lot of talk about the EU hitting 1.5000. This is the daily chart and the EU is trying to form a quadruple top. The bottom indicator is the RSI index which is in the overbought 70 zone..."indicators can stay overbought for as long as they want to"...so don't trade an overbought indicator until the price action merits one. Either way, this pair is at a critical area.

My 2 cents for Sunday...
Attached Image
  • #12,148
  • Feb 24, 2008 7:00pm Feb 24, 2008 7:00pm
Quoting aihua5
Hi all,
Good weekend morning/noon/evening! Sorry for another question. I always have so many questions.
I saw that so many traders(Phillip, maxster, Ryanmcd, Palmer, Joseph, and so many experienced traders) mentioned the price action which is very important.
Before I have read some posts in the james16 well known price action charts thread. My understanding is the price action is very similar with the candlestick formations in the critical S/R area. For example, in above post Ryanmcd mentioned "pin bar", which was also the candlestick pattern tweezer top/bottom, am I wrong?
Phillip or other traders have learned the Price Action, could you help clarify the difference between Price Action and candlestick pattern, or confirm they are the same thing? Maybe many guys have the same question as me.
Look forward to your insightful thought.

Regards
Aihua
Keep asking the questions. I'm just as interested
  • #12,149
  • Feb 24, 2008 7:56pm Feb 24, 2008 7:56pm
Quoting JimDandy
Glad to see some are studying James16group. There is much good information there on those pages.....information regarding price action that will help you no matter what trading strategy you use. Pipip........Jimdandy....

p.s. My tail on the audusd that i posted earlier turned out to be a good thing..
Attachment

This is a good example of why you place your stop below the 21ema after you take a tc.......I would have been stopped out only to watch the price go on up had i not placed my stop properly.......
Jim, maxster, sevejose,
Your answers resolved my puzzle. Your help is always kind and invaluable.
Thanks a million.
Morelands,
I will keep asking my questions if I could not find the answer in the thread or the forum.

Cheers
Aihua
Rhythm, Motion, Emotion and Risk Reward.
  • #12,150
  • Feb 24, 2008 8:02pm Feb 24, 2008 8:02pm
Candlesticks:

I think one of the most recognizable formations is the doji (shooting star), where the open and close are pretty much the same for the candle. This reflects market indecision and can be interpreted as a probable pause in the current trend. Then the bullish/bearish engulfing pattern where the following candle's price action range is larger than the previous candle and the close is higher/lower than the previous candle's high/low. The bullish/bearish hammers may be used as turning points for the price action. These formations can be used as more of a trade or no-trade to add to your checklist. These formations can be used to further analyze a trade entry when price is in the area of any of the moving averages or near a trendline or channel. Phillip has put together an mp3 and gif file for some of the formations that can be found on the website here at:

http://www.fxtradeblog.com/lesson.html#candle

Sorry for the crude drawings in this pic..
Attached Image
  • #12,151
  • Feb 24, 2008 8:30pm Feb 24, 2008 8:30pm
Guys take a look at this CT. Inside bar, MACD RB humm.. any thoughs
Attached Image (click to enlarge)
Click to Enlarge Name: uc.gif Size: 58 KB
The more obstacles I overcome the better man I become.
  • #12,152
  • Feb 24, 2008 10:41pm Feb 24, 2008 10:41pm
Please keep posting, it's the repetition over time and the confluence understanding fibs, price motion, emotion, MA's that will make us all better traders....

Quoting maxster
For those reading my posts and not getting my main point on price movement but instead think I am posting about fibs - you are not getting what I am trying to deliver - and I apologize for not being able to express myself clearly for you to get a moment of enlightment.

What I am trying to get across is how price moves with corrective and trending cycles and how it relates to Phillip's trending rhythm - just the pullback to 8 21 rhythm not other rhythms that Phillip teach as well.

Here is the EUR again - it is still stuck in a corrective movement after that false break.

I will continue to monitor each corrective swing at each bounce and to qualify it for entry.

I will no longer be looking for longs if a 1H bar closes below 1.4750 - and may shift to looking for shorts using the same minor swing entry strategy.

By looking at price movement this way you will not be fighting the trend and only going with the flow.

I will stop taking up so much space on the thread as I have posted most of the info already. But please do study it as it has change my trading completely.

Have a good weekend.
  • #12,153
  • Feb 25, 2008 1:21am Feb 25, 2008 1:21am
Quoting Palmer
Sorry for the crude drawings in this pic..
On the contrary, I think these are some artistic impressions.
  • #12,154
  • Feb 25, 2008 2:02am Feb 25, 2008 2:02am
Learning the 1 hour enter
long at 1.0893
SL 1.0868
1st TP after 25 pips then BE

Reason
1 hour MACD TC
4 hour MACD green going long
  • #12,155
  • Feb 25, 2008 6:14am Feb 25, 2008 6:14am
Borism:

Just make sure that the price action/trendlines/etc. confirm it all. I think you're talking about the Swissie here. Right now I see the 4 hour at the 21 for a TC signal, forming a doji as mentioned above. Either way, you're in a CT trade per the method so keep an eye on it all...
  • #12,156
  • Feb 25, 2008 6:24am Feb 25, 2008 6:24am
Quoting Palmer
Borism:

Just make sure that the price action/trendlines/etc. confirm it all. I think you're talking about the Swissie here. Right now I see the 4 hour at the 21 for a TC signal, forming a doji as mentioned above. Either way, you're in a CT trade per the method so keep an eye on it all...
already out, made 25 pips
nice start of the week
thank you for your opinion
  • #12,157
  • Feb 25, 2008 6:37am Feb 25, 2008 6:37am
its my h1 early trade today
entry after the green bullish candle and breaking the down TL and some retrace at) 4820
sl:4802 tp:4855
result :-18 ,please help me to find where was i wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 29 KB
  • #12,158
  • Feb 25, 2008 6:51am Feb 25, 2008 6:51am
Quoting bshadroo
its my h1 early trade today
entry after the green bullish candle and breaking the down TL and some retrace at) 4820
sl:4802 tp:4855
result :-18 ,please help me to find where was i wrong?
Hi,
I think Small SL was the problem.I never enter with 1Hr chart but that's the reason I see.I would've put my SL below 50 EMA in H1.

Regards
Mike
Failure, is a wonderful teacher!
  • #12,159
  • Edited 7:17am Feb 25, 2008 7:00am | Edited 7:17am
Quoting bshadroo
its my h1 early trade today
entry after the green bullish candle and breaking the down TL and some retrace at) 4820
sl:4802 tp:4855
result :-18 ,please help me to find where was i wrong?
IMO 1 hour trades are risky at the best of times. I can't see any TC on the one hour or any MACD pattern for that matter. there was no real chart rhythm to go long.

make sure all the keys are in place to unlock the pips!

My pairs 4 hour:

USDCHF
there was a CT MACD signal only good for 10-20+, but a very risky trade. I did not take it. like palmer pointed out swissy has a shooting star off the 21 could be a TC setup happening.

EUR/USD
slow ma's all coming together pa in a choppy range hovering on 8ema MACD sloping down. No trades rhythm crappy. maybe a TC and bounce of 21 or other MA, MAYBE!

EUR/GBP
same deal choppy movement in the price action no crear ryhthem danger bells. 200 89 moving on top of each other so are 8 21. NO RHYTHM no trades waiting on the market.

Good piping everyone
  • #12,160
  • Feb 25, 2008 7:04am Feb 25, 2008 7:04am
and the R :R GOT WRONG. USE 4 HOUR MACD SIGNAL

this mistakes i had been making more than 10 times.
lol




Quoting mike1349
Hi,
I think Small SL was the problem.I never enter with 1Hr chart but that's the reason I see.I would've put my SL below 50 EMA in H1.

Regards
Mike
9 traders viewing now