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4 Hour Strategy (MACD)

  • #12,581
  • Mar 6, 2008 6:01pm Mar 6, 2008 6:01pm
I think Golfer post some rules on finding made on MACD or something similar to that. I just remember now when I was listening to outstanding MP3. I download them unto my new laptop. I copied them out onto my flash drive which just failed for no reason. I had already downgraded my laptop from Vista to XP so I was force to format the Hard Disk. I can't rememer the page of the post.

Can someone give me the copy of those files or refer me to the post.

Thank you.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,582
  • Mar 6, 2008 6:36pm Mar 6, 2008 6:36pm
I have experience this problem before when I set my local time to my chart. All time frames get messed up. My understanding is that it does not matter which platform/broker you use you should be able to set your own time as per as candle open/close. I have setup my time to GMT and use my mental calculation to get my local time. This way all charts look clean and consistent. For example, I am in the GMT-6 hr time zone. When I see a candle open at 00:00 that tells me it is 6PM in my time, when it opens at 16:00 it tells me it is 10AM in my time and it will close at 20:00GMT (14:00 or 2PM my time). It takes only couple of days to get used to it.

This is a great forum. Everybody try his best to contribute to this forum. I really enjoy reading all the posts. Different post comes with different time zones and it is a bit challenging to co-relate my chart with those great charts posted in the forum. It would be nice if all the charts come with a universal time zone which is GMT. It would be easy for everybody to compare his chart with the one posted. I would like to make a suggestion, if possible we all can make our chart's default time zone to GMT.

Thanks and happy trading. Wish all of you good luck in the event of tomorrow's NFP.

-Rahim
Never enter a Trade without a STOP LOSS
  • #12,583
  • Mar 6, 2008 7:00pm Mar 6, 2008 7:00pm
I use Interbank in the USA since my bar closes at 3AM and so it includes the euro open. Different brokers operate in different countries and have different data feeds. Different data feeds will obviously have different looking charts and candle patterns, but who's to say you won't get a trade that someone else will. The opposite is also true.



Quoting pipsy_2
Phillip would you be so kind and answer which time platform is better to use ?
  • #12,584
  • Mar 6, 2008 7:38pm Mar 6, 2008 7:38pm
Quoting Palmer
I've got a 5 minute window here...

I think I commented yesterday that I was watching this pair for a TC back down when price was at the 21.

Mike I was watching that pair last night for a TC back to the downside. The close above the 21 did catch my eye thinking that the trend might turn up a little but I still see that trade, in this case a close above the 21 back down to it then return to the upside, but I just see this pair as being bearish period. With the EU gettting stronger going long the Yen would have been a CT in my opinion. The method says that the price is supposed to do as you stated but there are those times, like these, when the trend is just too strong to go against. If we get a close below the 21 on the EU I wouldn't even think of going short if the price returned to the 21 and started to come back down. The US market is in the crapper and has control of the USD. That's about as much fundamental analysis I will ever put into a trade but sometimes the fundies have control of things.

Hope some of this helps.
Defenetly did.Thank you Plamer.I hope you saw Pipsforuand me PM.She'll be with us again soon
Failure, is a wonderful teacher!
  • #12,585
  • Mar 6, 2008 8:00pm Mar 6, 2008 8:00pm
Quoting BIL2205
hello there, i see Rebecca has already answered the question in detail (ThankYOU)...
here is how i see the GU motion.

I try to keep it simple and take TC trades according to the Market Rhythm.
Now look at GU. it was winding around the 21 for a few days, and also in a triangle so a break out was on the cards. Now in order for it to go to 89 , price had to break 21 pull back to it and then move away down to 89. Well it did break . pulled back but the move away to 89 candle never formed,. if you enter just on the pull back you are entereing purely on anticipation and not confirmation, i think both are equally important.

Now look at GU today. it broke out of the triangle. pulled back to the trend line and 8 ema.( which is also acceptable ). and moved away with a TC, what a beauty, i would have taken it but there was interest rate announcement, so decided to stay out.

I hope this answered your question. Trade well., and feel free to ask,

Nadia,.
I confess. I forgot about the rule for when the price breaks thru the 21 it comes back to it before heading to the 89. But now that I look back the 21 was actually above the 8ema, so technically it should not have given support. I feel like I'm questioning my parents and I don't mean to disrespect you, I just would like to understand. I did follow the reasoning by Rebecca... The trend is your friend. Again I REALLY appreciate you all and your patience.
Raymond
  • #12,586
  • Mar 7, 2008 1:58am Mar 7, 2008 1:58am
From daily chart we can find the eu is about to touch the bottom line of the upward channel formed from 2007 Aug. The price maybe stalled here, so pay more attentino that not to chase the trend.
http://www.sinaimg.cn/cj/pc/2008-03-...0307155053.gif
http://www.sinaimg.cn/cj/pc/2008-03-...0307155053.gif
Plan your trades and trade your plans
  • #12,587
  • Mar 7, 2008 2:14am Mar 7, 2008 2:14am
Quoting rc2008
I have experience this problem before when I set my local time to my chart. All time frames get messed up. My understanding is that it does not matter which platform/broker you use you should be able to set your own time as per as candle open/close. I have setup my time to GMT and use my mental calculation to get my local time. This way all charts look clean and consistent. For example, I am in the GMT-6 hr time zone. When I see a candle open at 00:00 that tells me it is 6PM in my time, when it opens at 16:00 it tells me it is 10AM in my time and it will close at 20:00GMT (14:00 or 2PM my time). It takes only couple of days to get used to it.

This is a great forum. Everybody try his best to contribute to this forum. I really enjoy reading all the posts. Different post comes with different time zones and it is a bit challenging to co-relate my chart with those great charts posted in the forum. It would be nice if all the charts come with a universal time zone which is GMT. It would be easy for everybody to compare his chart with the one posted. I would like to make a suggestion, if possible we all can make our chart's default time zone to GMT.

Thanks and happy trading. Wish all of you good luck in the event of tomorrow's NFP.

-Rahim
Hello Rahim, I think what you ask for is impossible . Time for charts is set by the broker. The choise of the broker depends on many factors, and it's a matter of personal preference. For example I want a broker with office somewhere near my city, + low spread etc.
From my personal experience I can say you shouldn't worry much about different closing time, sometimes you'll miss a trade, sometimes you'll stay out of bad one, but it really doesn't matter. The main thing - the rules stay the same, no matter what time you are, so consentrate on your chart and wait for market rhythm there and clear good signals and you will make pips. Look at others' charts as at educational, learn from them, don't worry that your picture looks different and you missed a trade. What is more important that you learn and will be able to recognize them on your screen in future.
  • #12,588
  • Mar 7, 2008 2:57am Mar 7, 2008 2:57am
another TC is going to be foremed ,maybe i enter with h1
Attached Image (click to enlarge)
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  • #12,589
  • Mar 7, 2008 3:03am Mar 7, 2008 3:03am
Quoting Phillip Nel
Here we can use Chinese conversation?

I will catch you if you talk bad here. Only joking.

尼斯看到一些人的东风，线程以及。希望你的人作出了很多点子。
Hope you can understand this.
Phillip
You translate it from google? tha's bad. I know each character, but don't know the meaning?
Plan your trades and trade your plans
  • #12,590
  • Mar 7, 2008 3:20am Mar 7, 2008 3:20am
Quoting EricthePip
Hey, you can do your wrap up in Chinese, and we can read them in "broken" english (translated)....
I have translated Philips 4h MACD Strategy.pdf into Chinese. But it's really tough to translate all the 13 lessons. I am not sure about the copyright, maybe one day I will publish this method in Chinese version under Philip's authority.
Plan your trades and trade your plans
  • #12,591
  • Mar 7, 2008 4:51am Mar 7, 2008 4:51am
Closed out my GBP trade from yesterday morning at 2.0124 (+184) because of upcoming Non-Farm Payroll.
  • #12,592
  • Mar 7, 2008 5:23am Mar 7, 2008 5:23am
Fantastic trade, well done, followed the methodology and got a wonderful result, congratulations. I hesitated on the trade myself as I'm still learning the strategy but I did see it, just wasn't confident about my entry.
  • #12,593
  • Mar 7, 2008 5:33am Mar 7, 2008 5:33am
Quoting Hookem28
Closed out my GBP trade from yesterday morning at 2.0124 (+184) because of upcoming Non-Farm Payroll.
Well Done, thats the way to do it, i did the same trade but on paper. Anticipated the move up as you can see in my previous post. price went up to 200 sma on the daily. NICE... i hesitated to enter live as well due to interest rate statement. SO anyone out there who anticipated this move , but did not enter , celebrate it as a win instead of saying" oh i wish i had enter" because that will get your mind set stuck in that zone of wishing that you you had enter. i still struggle with that feeling( not as much as i used to) when your nerves just freeze up on you. BUT i am taking a different approach and hope fully that will re inforce the confidence i already have . Hope some can relate and get encourage by this. Take care and trade well.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #12,594
  • Mar 7, 2008 5:49am Mar 7, 2008 5:49am
No trade on the NFP news.
Possible TC upward.
Attached Image (click to enlarge)
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Rhythm, Motion, Emotion and Risk Reward.
  • #12,595
  • Mar 7, 2008 5:51am Mar 7, 2008 5:51am
Quoting BIL2205
Well Done, thats the way to do it, i did the same trade but on paper. Anticipated the move up as you can see in my previous post. price went up to 200 sma on the daily. NICE... i hesitated to enter live as well due to interest rate statement. SO anyone out there who anticipated this move , but did not enter , celebrate it as a win instead of saying" oh i wish i had enter" because that will get your mind set stuck in that zone of wishing that you you had enter. i still struggle with that feeling( not as much as i used to) when your nerves just freeze up on you. BUT i am taking a different approach and hope fully that will re inforce the confidence i already have . Hope some can relate and get encourage by this. Take care and trade well.
Thanks Bil! I didn't do anything, but follow Phil's system and get lucky.
Palmer's trade on the EURO last week was encouraging, even though I totally missed it. Proves how well Philip's system can work in a trending market.
  • #12,596
  • Mar 7, 2008 6:51am Mar 7, 2008 6:51am
Quoting BIL2205
hello there, i see Rebecca has already answered the question in detail (ThankYOU)...
here is how i see the GU motion.

I try to keep it simple and take TC trades according to the Market Rhythm.
Now look at GU. it was winding around the 21 for a few days, and also in a triangle so a break out was on the cards. Now in order for it to go to 89 , price had to break 21 pull back to it and then move away down to 89. Well it did break . pulled back but the move away to 89 candle never formed,. if you enter just on the pull back you are entereing purely on anticipation and not confirmation, i think both are equally important.

Now look at GU today. it broke out of the triangle. pulled back to the trend line and 8 ema.( which is also acceptable ). and moved away with a TC, what a beauty, i would have taken it but there was interest rate announcement, so decided to stay out.

I hope this answered your question. Trade well., and feel free to ask,

Nadia,.
You are right Nadia. We should avoid this case when big news came out. But yesterday GU showed a special case for us. From it's rhythm and candle pattern, I think this is a good tc. Break out triangle zone and pull beck then continued its way. Even the MACD didn't show any signal. I think I would have put trigger though big news is about to come out, so I don't take it.

I wonder know whether Philip will enter this case, if no big news is about to out
http://www.sinaimg.cn/cj/pc/2008-03-...0307204936.gif
http://www.sinaimg.cn/cj/pc/2008-03-...0307204936.gif
Plan your trades and trade your plans
  • #12,597
  • Mar 7, 2008 9:12am Mar 7, 2008 9:12am
I am long on GU @2.0110 since 00:30 GMT. I saw bull trend continued after a large bull candle. I only entered that with a small SL, generally market does not do much before the release of big news like NFP. I put my SL to BE as soon as +30 pips. This would give me a chance if market moves in my favor. If the market moves against me I have nothing to loose.
Never enter a Trade without a STOP LOSS
  • #12,598
  • Mar 7, 2008 9:24am Mar 7, 2008 9:24am
Good job RC.
The news and trend are definitely in your favor.
  • #12,599
  • Mar 7, 2008 9:55am Mar 7, 2008 9:55am
Hello all. I have been reading this thread now for a week but this is my first post. I have spent countless hours going through every lesson and most of the posts. In all, I estimate that I got through everything in about 60 hours in case anyone reads this and wonders how long it takes to cover all this information.

I want to say thanks to Phillip for taking on this en devour of sharing his method with the rest of us. Then spending all the countless hours with all the follow up is really amazing.

While there are many things that I don't fully understand and need to spend countless hours myself studying and back testing, the #1 question that I still have after reading through all of this is how do I handle Risk/Reward calculations when trading with the trend when you are at a new high and there aren't any walls around to bounce off of? Basically the market that we are in now with the EUR. When one enters off of a 21 EMA for example, where should one's target even be?

Thanks to everyone who contributes here and I hope to as well in the short future as I get to spend more time now testing now that I have read through everything and all the examples.
  • #12,600
  • Edited 10:16am Mar 7, 2008 10:03am | Edited 10:16am
Hi,

we have overbought levels on 4h and daily chart on eur/usd
there is also large macd divergence on 4h. possible corrective move next week.
stay tuned and enter according to 4hmacd-system and marketmotion rules.

any suggestions?

Regards



ps: I mean overbought, yes ... just corrected it
Attached Image(s) (click to enlarge)
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