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4 Hour Strategy (MACD)

  • #12,521
  • Mar 5, 2008 12:25pm Mar 5, 2008 12:25pm
Looked good to me on the 4hr, as on Interbank, it was a beautiful PinBar on my chart. Which was your engulfing bar on the 1Hr.

eric

PS Now back to class.....

Quoting welshguy2000
Morning all - some interesting stuff going on with the GBP/USD today. I'm thinking about taking an early Long (TC) off the H1 and want to know peoples opinion.

Please see the H4 and H1 charts below:
  • #12,522
  • Mar 5, 2008 12:42pm Mar 5, 2008 12:42pm
Thanks for posting your trades Phillip and the MP3's. This last week I had an aha!(I understand) moment it has taken this long to sink in.
  • #12,523
  • Mar 5, 2008 12:49pm Mar 5, 2008 12:49pm
Quoting Phillip Nel
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.
thx alot
thats a wonderfull answer ,i bold the sentences wich are very usefull for me.
and... mike_dg:why phillip should show his loosing trade ?why he should lie about his winning trade? why u should dont trust on a person who wants share a good system wich is really works? that was a nice TC in EU ,the possible good trade and thats the point , this is not important who took it or really took it or lieing so got the point and let the rest go.... i think ur foccousing on wrong part .
u can read a book for find the mistakes in it and read a book for learn some points from it . it's your choice ,how do u wanna be?
  • #12,524
  • Mar 5, 2008 12:56pm Mar 5, 2008 12:56pm
Quoting vette1974
Thanks for posting your trades Phillip and the MP3's. This last week I had an aha!(I understand) moment it has taken this long to sink in.
I wish I could sit live with you people discussing the trades as it happens. My first trade this morning I did sent to Fari by e-mail but he wasnt live that is why I posted it after I came from work. The second trade I had to wait for the pullback which took 20min after 16:00 candle close and then I had to wait for the second lot to enter with another 10 minutes. Then I had to prepare the image as well as the Mp3. A bit difficult to make a Fib retracement entry, prepare an image as well as an Mp3 and have it posted after candle close at exactly 16:00. That is why my posts will allways be after the time even if I sit here doing it live.
  • #12,525
  • Mar 5, 2008 2:06pm Mar 5, 2008 2:06pm
Here is a written copy of the daily wrapup for the 5th of March.

Funny Phillip that you have mentioned emotions, I had the same problem today, and I didn't have guts to reverse. But I learned a lot today.
Thank you for doing so much for us !!!
Attached File(s)
File Type: doc wrapup for the 5th of March.doc   29 KB | 492 downloads
  • #12,526
  • Mar 5, 2008 2:11pm Mar 5, 2008 2:11pm
another possible trade wich i missed.it breaks the TL and closed below 21 and 8 .did anyone took it?
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 19 KB
  • #12,527
  • Mar 5, 2008 2:43pm Mar 5, 2008 2:43pm
Quoting Borism
Hi,
I know there was a lot written about this, but could you tell me which broker to use, so that I would get the same charts as Phil?
I use Al trader and I am in GMT +1, and my charts a quite different from Phil's.

I would bother you, but I want to have the same charts so that I don't miss out on some important details.

examples
Borism,

Have you had an answer to this? I'm using MIG investments (www.migfx.ch) which gives same chart setup as Phillip. I'm only demo trading, so can't comment on how they are as a broker.
  • #12,528
  • Mar 5, 2008 2:54pm Mar 5, 2008 2:54pm
Quoting bshadroo
another possible trade wich i missed.it breaks the TL and closed below 21 and 8 .did anyone took it?
USDCAD?

I considered, but I passed because this pair has been sporatic this week, and the 8 and 21 EMA's are all crossed up.

I am temped to take it after this 4 hour bar closes, if it stays in the negative MACD (Zero Cross), but I would only expect 20 to 25 pips max.
  • #12,529
  • Mar 5, 2008 3:09pm Mar 5, 2008 3:09pm
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
HEY GUYS I HAVE AN IDEA WHY DONT WE JUST IGNORE
SUCH POSTS THAT TRY TO DERAIL PEOPLE FROM THE MOTIVE OF THIS THREAD AND STICK TO POSITIVE VIBES.
Maybe some people find pleasure by being annoying.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #12,530
  • Mar 5, 2008 3:19pm Mar 5, 2008 3:19pm
Quoting BIL2205
HEY GUYS I HAVE AN IDEA WHY DONT WE JUST IGNORE
SUCH POSTS THAT TRY TO DERAIL PEOPLE FROM THE MOTIVE OF THIS THREAD AND STICK TO POSITIVE VIBES.
Maybe some people find pleasure by being annoying.
i think mike just needs a vacation that's all
  • #12,531
  • Mar 5, 2008 3:23pm Mar 5, 2008 3:23pm
GU finally broke out of the triangle . now on its way way to the resistance line...if that hold up as support combined with TC off the 21 ema , which should have moved up to it . it will be a combination trade. break out pull back and move away, combined with a tc off off 21. BUT there is interest rate tommorow right at the 0800 candle close time,. lets see how this develops.

Euro gave a nice zero bounce , but it was a 84 pips candle on my platform. waited for a retrace to enter but it never came. Oh well,. there will be more.

I have been looking at Phillips 5 minute system, doing trades on euro and GU, with moderate success, only couple of trades a day for 8-12 pips. Requires a lot of patience and practice, if u are willing to put in the effort. it is well worth it . Other wise you can easily get frustrated and see trades that are not there,. ( hey Willem i will try to post some trades on the 5 minute thread as soon as i am consistant and trade by skill and not emotion.).

Anyways, sorry for not posting regularly. Will post as soon as i do a well planned trade,. :!!! Trade well.

Nadia,.
Attached Image (click to enlarge)
Click to Enlarge Name: gu support.jpg Size: 213 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #12,532
  • Mar 5, 2008 4:15pm Mar 5, 2008 4:15pm
Phillip,
I hope you didn't take my post the wrong way I really appreciate what you do. Actually I always look forward to the 11-1pm hour for me because that is when you usually post the daily report. I actually learn better this way than posts in real time since I have to rely on myself to do the thinking. To me it is almost like grading a test we all take between when the markets open to the time you post, however this time unlike school I look forward to the results of the test.
  • #12,533
  • Mar 5, 2008 4:59pm Mar 5, 2008 4:59pm
Quoting vette1974
Phillip,
I hope you didn't take my post the wrong way I really appreciate what you do. Actually I always look forward to the 11-1pm hour for me because that is when you usually post the daily report. I actually learn better this way than posts in real time since I have to rely on myself to do the thinking. To me it is almost like grading a test we all take between when the markets open to the time you post, however this time unlike school I look forward to the results of the test.
Agreed. When I take the same trade as Phillip, I am beaming with pride. When I don't, and then post on this forum, Phillip always explains why he didn't take the trade I took, and I learn a ton.

Phillip your work is amazing!
  • #12,534
  • Mar 5, 2008 6:10pm Mar 5, 2008 6:10pm
Great chart. Some serious MACD divergence. Not sure there is such a thing, but looks like the headless horseman (Price). aka s-h-s minus the head....

Quoting BIL2205
GU finally broke out of the triangle . now on its way way to the resistance line...if that hold up as support combined with TC off the 21 ema , which should have moved up to it . it will be a combination trade. break out pull back and move away, combined with a tc off off 21. BUT there is interest rate tommorow right at the 0800 candle close time,. lets see how this develops.

Euro gave a nice zero bounce , but it was a 84 pips candle on my platform. waited for a retrace to enter but it never came. Oh well,. there will be more.

I have been looking at Phillips 5 minute system, doing trades on euro and GU, with moderate success, only couple of trades a day for 8-12 pips. Requires a lot of patience and practice, if u are willing to put in the effort. it is well worth it . Other wise you can easily get frustrated and see trades that are not there,. ( hey Willem i will try to post some trades on the 5 minute thread as soon as i am consistant and trade by skill and not emotion.).

Anyways, sorry for not posting regularly. Will post as soon as i do a well planned trade,. :!!! Trade well.

Nadia,.
  • #12,535
  • Mar 5, 2008 6:21pm Mar 5, 2008 6:21pm
A few notes here....

There has been a lot of interest (how to's) in the 1 hour entries and I need to clarify a few things. Again, the 1hr is all based on the what the 4hr is doing or has been doing. The main purpose for getting in on the 1hr is to yes, try to get in early on the 4hr TC and to help reduce the range of that 4hr candle that MIGHT produce the TC signal. The 1hr is more aggressive and can require more trade management because the move (target price) can happen quick. It's very important to be very disciplined and take profits when you can on the 1hr because this is a more aggressive approach. But, and this is important, you should not be making more trades (per day or per week) just because you are trading on a lower timeframe. The main reason for the 1hr trade is for a TC on the 4hr. There is a lot more noise as you shorten your timeframe that has to be filtered out. You can get overwhelmed easily if you start looking for 1hr entries on 5 pairs. I'm still just watching the Yen and EU, that's it. My trading time is basically from the morning NY session to the early afternoon. If I happen to be 'in good' I'll move a stop loss up or down that's about it. Unless I had a giant wasp dream wake me up and then step in cat barf like I did this morning and saw the TC forming on the 4hr. There can be days that go by without a trade, it's all about waiting for things to develop and knowing your market. You can have 100 people look at the same chart and have 100 different opinions, it all comes with patience and discipline.

The heart of this thread is the 4hr chart and should continue to be just that. The Market Rhythm 4 Hour Strategy...period. The 1hr is something that comes with seeing the 4hr picture. I am planning on getting more info on the website but I'm still a beginner with 'web stuff'. To add a new page means every single page has to be built, every existing page has to be edited and reloaded on the server. This takes time. There are shortcuts and advanced languages, getting there slowly, but this isn't my full time job...yet The range of that candle is a little too large right now for an entry. As always, the 9 to 5 comes first.

Either way, don't skip ahead of the 4hr and start looking at the 1hr. You must put your time in with the 4hr charts and limit yourself to two pairs at the most. This isn't directed towards anyone it's just friendly advice. I posted an Aussie chart yesterday that shows a 'reason' for the 1hr to move back up. Early this morning when the 4hr was at the 21, the 1hr was at the bottom of the current range. There was a long tail candle where the bulls won that battle pushing price back up, then a few bull candles, that would have been the area of entry on the 1hr, or the way I saw it. The push back up from the bottom of the channel was the 'reason' for the 1hr entry...

See chart.

Still long from 2/20 at +626 for that entry..milkin' the cow baby. I had to bring work home tonight so I'll see you guys sometime tomorrow.
Attached Image
  • #12,536
  • Mar 5, 2008 7:05pm Mar 5, 2008 7:05pm
Quoting Cinema007
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??
No Problem too, see attachments.

James
Attached File(s)
File Type: ex4 FX_Strategy.ex4   14 KB | 585 downloads
File Type: ex4 MACD300.ex4   19 KB | 599 downloads
  • #12,537
  • Mar 5, 2008 7:27pm Mar 5, 2008 7:27pm
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
One last thing....

This is probably one of the best trading methods that has a very healthy following and the best free support that you might ever come across. And, I agree with Phillip and all the supporting comments 100%. We aren't getting paid to do any of this. We don't trade full time. Work, family, life...comes first. Posting trades in real time can be difficult. Posting every trade is impossible. We, that means all of us, are doing our best, from our valuable free time to help others as much as we can. That's it, to help.



Borism:

Thanks very much!!!
  • #12,538
  • Mar 5, 2008 8:50pm Mar 5, 2008 8:50pm
Hello everyone,

Following the positive values and traditions in this thread, I want to share something with you. This a gift for you if you want to get it. This is another point of view about Phil's system. It is a complementary vision, part of the same universe.

I will be happy if you enjoy it!

Best regards,

Adrian
Attached File(s)
File Type: pdf Phillip Nel 4H MACD system used as swing trading system.pdf   107 KB | 4,154 downloads
  • #12,539
  • Mar 5, 2008 8:55pm Mar 5, 2008 8:55pm
Quoting Phillip Nel
I wish I could sit live with you people discussing the trades as it happens. My first trade this morning I did sent to Fari by e-mail but he wasnt live that is why I posted it after I came from work. The second trade I had to wait for the pullback which took 20min after 16:00 candle close and then I had to wait for the second lot to enter with another 10 minutes. Then I had to prepare the image as well as the Mp3. A bit difficult to make a Fib retracement entry, prepare an image as well as an Mp3 and have it posted after candle close at exactly 16:00. That is why my posts will allways be after the time even if I sit here doing it live.
My pull back never even reached the 23% line. To me that makes a big difference. Does anyone else use interbank?
  • #12,540
  • Mar 5, 2008 9:00pm Mar 5, 2008 9:00pm
Quoting BIL2205
GU finally broke out of the triangle . now on its way way to the resistance line...if that hold up as support combined with TC off the 21 ema , which should have moved up to it . it will be a combination trade. break out pull back and move away, combined with a tc off off 21. BUT there is interest rate tommorow right at the 0800 candle close time,. lets see how this develops.

Euro gave a nice zero bounce , but it was a 84 pips candle on my platform. waited for a retrace to enter but it never came. Oh well,. there will be more.

I have been looking at Phillips 5 minute system, doing trades on euro and GU, with moderate success, only couple of trades a day for 8-12 pips. Requires a lot of patience and practice, if u are willing to put in the effort. it is well worth it . Other wise you can easily get frustrated and see trades that are not there,. ( hey Willem i will try to post some trades on the 5 minute thread as soon as i am consistant and trade by skill and not emotion.).

Anyways, sorry for not posting regularly. Will post as soon as i do a well planned trade,. :!!! Trade well.

Nadia,.
Coulld you explain to a me why you didn't take the break out to the down side on the pound, do a fib retracement off the large candle and then go short. I did and got burned. What am i missing?
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