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4 Hour Strategy (MACD)

  • #12,501
  • Mar 5, 2008 8:15am Mar 5, 2008 8:15am
Quoting james2006
arodriguez，

Tks for your remark. Afternoon the price of EU stop on the cable line(1.5145).
Now it is no good time to buy or sell EU. I will wait for good signal of 4H MACD and 1H MACD.

James
Hi James,
Your time and price indicators are very beautiful. I like them very much.
Could you please share them?
Thanks a lot.
Cheers
Aihua
Attached Image (click to enlarge)
Click to Enlarge Name: james.png Size: 48 KB
Rhythm, Motion, Emotion and Risk Reward.
  • #12,502
  • Edited 9:06am Mar 5, 2008 8:57am | Edited 9:06am
Quoting aihua5
Hi James,
Your time and price indicators are very beautiful. I like them very much.
Could you please share them?
Thanks a lot.
Cheers
Aihua
No problem. Welcome.
Attached File(s)
File Type: mq4 FX_Strategy.mq4   12 KB | 669 downloads
File Type: mq4 MACD300.mq4   16 KB | 656 downloads
  • #12,503
  • Mar 5, 2008 9:14am Mar 5, 2008 9:14am
Trend of EU? Bull or Bear?
Who could tell me? Tks.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-3-5PM03.png Size: 73 KB
  • #12,504
  • Mar 5, 2008 9:35am Mar 5, 2008 9:35am
Quoting james2006
Trend of EU? Bull or Bear?
Who could tell me? Tks.
i think even god is waiting to price breaks down or up for an entry
  • #12,505
  • Mar 5, 2008 9:39am Mar 5, 2008 9:39am
Quoting bshadroo
dear palmer
price crossed the 21 down but didnt closed below on my chart.where is your stoploss for your long? and.. are u a fulltime trader?


The vertical line was the entry, during that candle. Like I said it was not fully formed so this may have rushed things. The stop loss was a shot in the dark at 30 pips and it held.

I exited this for 50.

Nope, not a full time trade. I just have the time for the charts because I'm not married, not kids...but man do I need a date...
Attached Image
  • #12,506
  • Mar 5, 2008 9:40am Mar 5, 2008 9:40am
What is the opinion on the GBP/US? The price came down and touched the 89 ema and then bounce right back up to the 21. According to market rhythm guidelines would we anticipate a change in the trend to the down side? Considering that the Non farm payroll data is coming out this Friday when would be a good entry point ....or am I getting too far ahead of myself. Would appreciate comments.

Sorry I don't know how to paste the screen of my trading platform onto this post. Hints.

Leroy
  • #12,507
  • Edited 12:42pm Mar 5, 2008 10:07am | Edited 12:42pm
16:00 EurUsd trade

Entered on a FIB retracment at 50% on MACD Zbounce as well as triangle breakout to the top after a false break to the south
Edit 1
Entered at 1,5207 with 1st lot. Entered 2nd lot at 1.5227

Edit 2
50% closed after 25pips and remainder set to -25pips

Edit 3
Price reached 161.8% Fib. Remainder set to BE. 1.5300 will be strong resistance

Edit 4
Remainder closed at 1.5290
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 17 KB
Click to Enlarge Name: EurUsd.GIF Size: 41 KB
Attached File(s)
File Type: zip Daily Wrapup 05 March2008.zip   816 KB | 889 downloads
  • #12,508
  • Mar 5, 2008 10:09am Mar 5, 2008 10:09am
Quoting Leroy
What is the opinion on the GBP/US? The price came down and touched the 89 ema and then bounce right back up to the 21. According to market rhythm guidelines would we anticipate a change in the trend to the down side? Considering that the Non farm payroll data is coming out this Friday when would be a good entry point ....or am I getting too far ahead of myself. Would appreciate comments.

Sorry I don't know how to paste the screen of my trading platform onto this post. Hints.

Leroy
I'm Long off 788 from early today. Check my post at the top of the page. My feeling is that the trend is still up - however we are currently in a correction period. We're range bound so just taking MACD signals at the outer boundaries of the range.

TP = 955, hopefully i'll get there before NFP :|
  • #12,509
  • Mar 5, 2008 10:26am Mar 5, 2008 10:26am
Watching the Yen for a Tc....back later this afternoon
  • #12,510
  • Mar 5, 2008 10:29am Mar 5, 2008 10:29am
Quoting Palmer
The vertical line was the entry, during that candle. Like I said it was not fully formed so this may have rushed things. The stop loss was a shot in the dark at 30 pips and it held.

I exited this for 50.

Nope, not a full time trade. I just have the time for the charts because I'm not married, not kids...but man do I need a date...
Ha Ha you need a date... your in panama city FL aren't you? Head down to the The Boardwalk Beach Resort from the 9th - 22nd

http://www.springbreakonpanamacitybeach.com/

trust me you'll find 1 there.
  • #12,511
  • Mar 5, 2008 10:33am Mar 5, 2008 10:33am
Quoting Phillip Nel
Info

what is the purpose of this post if is after the fact, your post is after 11AM EST, i.e. after the move
  • #12,512
  • Mar 5, 2008 10:47am Mar 5, 2008 10:47am
Quoting mike_dg
what is the purpose of this post if is after the fact, your post is after 11AM EST, i.e. after the move
The purpose is for instruction, to see how the trade was executed, and as an example in how to handle trades. Phillip has no need to prove his trades.
  • #12,513
  • Mar 5, 2008 11:03am Mar 5, 2008 11:03am
Quoting mike_dg
what is the purpose of this post if is after the fact, your post is after 11AM EST, i.e. after the move
The purpose is clearly for people to learn his method with upto date real examples that people who are just starting out can relate to.
  • #12,514
  • Mar 5, 2008 11:12am Mar 5, 2008 11:12am
Quoting james2006
No problem. Welcome.
兄台有　ＥＸ４　配合文件么？？

没有，我看不到啊，，哈哈。老乡跪求！！！

do u have any ex4 for ur indicator??
  • #12,515
  • Mar 5, 2008 11:15am Mar 5, 2008 11:15am
Quoting Phillip Nel
Info
hi dear phillip
i have question about your second trade(LONG).i think it was during the news(
ISM Non-Manufacturing Composite)

do u ignore the news ?because after news released the eu was gonig down and the news was good for US and u trade about 20minutes after news i think
thx
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 16 KB
  • #12,516
  • Mar 5, 2008 11:29am Mar 5, 2008 11:29am
Quoting welshguy2000
I'm Long off 788 from early today. Check my post at the top of the page. My feeling is that the trend is still up - however we are currently in a correction period. We're range bound so just taking MACD signals at the outer boundaries of the range.

TP = 955, hopefully i'll get there before NFP :|
Hi Welshguy

Great call, enjoy the pips!

freddi
  • #12,517
  • Mar 5, 2008 12:03pm Mar 5, 2008 12:03pm
Quoting mike_dg
what is the purpose of this post if is after the fact, your post is after 11AM EST, i.e. after the move
The purpose of it is for educational purposes. If you want live signals then you go somewhere else and pay for it. I cannot post trades live as I have very limited internet access as you allready know as you have been with us for some time now.
I also forget to say that I entered the the trade after the move and still got some pips. My broker allows me to enter trades after the move but with entry price before the move starts so I can never lose.
  • #12,518
  • Mar 5, 2008 12:08pm Mar 5, 2008 12:08pm
Quoting Phillip Nel
My broker allows me to enter trades after the move but with entry price before the move starts so I can never lose.
I want an account with that broker
  • #12,519
  • Mar 5, 2008 12:10pm Mar 5, 2008 12:10pm
Quoting bshadroo
hi dear phillip
i have question about your second trade(LONG).i think it was during the news(
ISM Non-Manufacturing Composite)

do u ignore the news ?because after news released the eu was gonig down and the news was good for US and u trade about 20minutes after news i think
thx
I only stay out completely on interest and NFP news. If the rhythm and MACD gives a signal like today with that tail it tells me they were prepared to take it down and then something happened(news might have leaked out) that turned it around to the upside like that engulfing candle. I allways will trade the turnaround after a false breakout if it is confirmed by candle emotion.

I also entered on a retracement strategy as dicussed several times on the thread. If one has to stay out when the rhythm and MACD confirms direction just because there is news coming out then trading oppertunities will be few. My backtesting for 2 years up to Jan2007 showed +300pips per month without taking news in account. The MACD movement and signal supports the news more then not.
  • #12,520
  • Edited 12:31pm Mar 5, 2008 12:17pm | Edited 12:31pm
Now that's worth the price of this system..... Great joke....

Seriously, thank you Phillip for all your posts/training/tradelogs/mp3's/etc. I personally have learned more since November from you and the others on this thread than all my 10+ years of trading

Quoting Phillip Nel
The purpose of it is for educational purposes. If you want live signals then you go somewhere else and pay for it. I cannot post trades live as I have very limited internet access as you allready know as you have been with us for some time now.
I also forget to say that I entered the the trade after the move and still got some pips. My broker allows me to enter trades after the move but with entry price before the move starts so I can never lose.
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