4 Hour Strategy (MACD) | Page 633 | 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)

  • #12,641
  • Mar 10, 2008 4:15am Mar 10, 2008 4:15am
Quoting welshguy2000
PM me your email address mate and i'll either forward it onto you or tell you how you can do it.

cheers

WG
I have the same interest on that video. Please CC to me ([email protected]) if it is possible.

Thanks a lot!

Macalmd.
  • #12,642
  • Mar 10, 2008 5:17am Mar 10, 2008 5:17am
I took a long G/U this morning on an early TC off the 8. The 1H gave a green MACD off its 21 and near the ST trend line on the 1H. However the 4H is over bought (+45 on the MACD) and also still 2 hours away from closing and showing no signs of going green.

So I took the trade but got nervous and closed it with just 3 pips profit. I really had to think several times as to whether to take it and then when I did I started looking back as to how many times TC's have worked when over +45 and it doesnt seem as if they have worked that many times. So I closed the trade.

Now of course is when it races up.
  • #12,643
  • Mar 10, 2008 5:24am Mar 10, 2008 5:24am
Hi guys,

please remember that is a 4h MACD.

Step 1: Download Firefox
Step 2: Goto: Tools->Options-> Content->Manage
Step 3: find there the extension SWF and change it to Save on Disk.
Step 4: enter in the adressbar: http://www.cciclub.com/marketvu/lind...ng-trading.swf
This will allow you to download the video.

Step 5: Tools->Options-> Content->Manage
Step 6: find there the extension SWF and change it to play with flashplayer back.

To Play the video you have have drag and drop, into the browser.
  • #12,644
  • Mar 10, 2008 5:32am Mar 10, 2008 5:32am
Quoting welshguy2000
PM me your email address mate and i'll either forward it onto you or tell you how you can do it.

cheers

WG
Ok due to the number of PM's i've got i will upload a copy of this video later tonite - so you will be able to download / watch it when you wish.

Cheers

WG
  • #12,645
  • Mar 10, 2008 6:27am Mar 10, 2008 6:27am
Quoting Borism
Went short on GBP;
1. strong resistance around 2.0022
2. red MACD
3. 1hours bearish divergence

sell 2.0174
1 TP 20 pips
the rest BE
SL 2.0194
Hi Borism

I took the same trade - just on InterbankFX's time frame. My first for March 2008.

I took profit after 15pips and set 2nd half at BE (which was triggered at 06H56GMT). I don't like CT trades but I just liked the first red candle and decided to take profit at 8MA and keep a tight SL.

Result: 1st = 15pips, 2nd half = BE

I just don't feel comfortable with CT trades - glad I got some profit from it. I won't make it habit.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #12,646
  • Mar 10, 2008 6:47am Mar 10, 2008 6:47am
Quoting welshguy2000
Ok due to the number of PM's i've got i will upload a copy of this video later tonite - so you will be able to download / watch it when you wish.

Cheers

WG
What I expect from you is to tell people how to do it and not doing it for them. I don't think you need to upload the video. Anyway, panther had already explain how to download it. Thanks.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,647
  • Mar 10, 2008 6:56am Mar 10, 2008 6:56am
Quoting Golfer
Hi Borism

I took the same trade - just on InterbankFX's time frame. My first for March 2008.

I took profit after 15pips and set 2nd half at BE (which was triggered at 06H56GMT). I don't like CT trades but I just liked the first red candle and decided to take profit at 8MA and keep a tight SL.

Result: 1st = 15pips, 2nd half = BE

I just don't feel comfortable with CT trades - glad I got some profit from it. I won't make it habit.
You are right. Don't make it a habit. I have sent you a private mail.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #12,648
  • Mar 10, 2008 7:10am Mar 10, 2008 7:10am
Hi,
I am wondering did anybody take this TC on EUR?(20:00 GMT candle)

If not why?It looked good to me.

Thanks
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
Failure, is a wonderful teacher!
  • #12,649
  • Mar 10, 2008 7:18am Mar 10, 2008 7:18am
I don't have that MACD signal showing. Watching the price action right now from the bounce off the 21 area...

There's new info about the trading forum on the website.
  • #12,650
  • Edited 7:42am Mar 10, 2008 7:41am | Edited 7:42am
Mike, I usually don't take trades right after market opening Monday morning. It can be very tricky. As you can see from the chart the price failed to close above 62 fib from the last Swing low.
I hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 27 KB
  • #12,651
  • Edited 9:06am Mar 10, 2008 7:42am | Edited 9:06am
sell @ 2.0189, BE 20, SL @ 2.0220, TP @ 2.0145
Reason: 4H strong resistance, far away from 8ema, 1H pin bars and shooting star.

Edit1: set BE@ 2.0180

Edit2: +9 pips ,closed.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4h.png Size: 95 KB
Rhythm, Motion, Emotion and Risk Reward.
  • #12,652
  • Mar 10, 2008 8:10am Mar 10, 2008 8:10am
Quoting mike1349
Hi,
I am wondering did anybody take this TC on EUR?(20:00 GMT candle)

If not why?It looked good to me.

Thanks
Mike
Hi Mike, can I ask you back , why did this sinal look good to you? Can you share your thoughts?
  • #12,653
  • Mar 10, 2008 8:15am Mar 10, 2008 8:15am
Sorry man, this one is 70 minutes long and would take over 8 hours to transcribe......We take turns each spending about an hour per turn capturing Phillips Updates and educational material. Most of us have jobs, trades, and family (4 kids here). Personally I don't mind my turn, but this request (given the length) is above/beyond the call of duty.

Sorry....

quote=dhalsim;1893390]wow, who can type it?
still have problems on spoken English[/quote]
  • #12,654
  • Mar 10, 2008 8:48am Mar 10, 2008 8:48am
Quoting ira
Hi Mike, can I ask you back , why did this sinal look good to you? Can you share your thoughts?
Sure Ira,
Price had a retrace to 8ema and then we had a TC showing(I had my MACD green) and nice bullish candle(Also small tail to down on 2 candles before).We also had a previouse high 1.5459 as a first TP.So it looked perfect to me!!

Regards
Mike
Failure, is a wonderful teacher!
  • #12,655
  • Mar 10, 2008 9:24am Mar 10, 2008 9:24am
The long red candle was a red flag. I'll NEVER take a long position so soon after a long bear candle like that one. It usually signals a retracement or consolidation. It could even be the start of a bear trend.
  • #12,656
  • Mar 10, 2008 9:28am Mar 10, 2008 9:28am
Hi,

Euro looks as though its in the process of bouncing off the 21- I know the MACD shows some divergance but this might be set up for a TC trade if the MACD turns green later this afternoon?

anyone thinking the same?

regards,

Mark (UK)
  • #12,657
  • Mar 10, 2008 9:34am Mar 10, 2008 9:34am
Quoting mike1349
Sure Ira,
Price had a retrace to 8ema and then we had a TC showing(I had my MACD green) and nice bullish candle(Also small tail to down on 2 candles before).We also had a previouse high 1.5459 as a first TP.So it looked perfect to me!!

Regards
Mike
Well indeed Mike your chart looks better than mine in terms of TC, but I wouldn't have taken it anyway. The reasons are: there is divergence, on Friday we had a tail to the up side and then long bearish candle right to the 21. That candle was a sign, it has engulfed seven bullish candles. Signal on MACD was marginal and on the opening of the week, plus price didin't close above resistance price level 1.5400. For me there was no real indication to go long except MACD signal.

I have decided to bring my two cents on this point, because that's the next stage of learning process. First when we start using Phillip's system we mainly trade RT and RB, as they are very easy to spot. Then when we feel enough pain from these losses we begin taking every TC the MACD shows us, presuming that trend is a friend. And it is really so!!! But... now I clearly see that there are periods of trend and consolidation, we all know about it, but do we really see it? Only lately I have started to recognize when there is really momentum and it would most probably continue. In the above example if there was a big bullish candle closing above 1.5400 level I wouldn't even think twice, I would go with the trend. Let the emotions (candles) guide us, and it will keep us out of many bad trades.
Attached Image
  • #12,658
  • Mar 10, 2008 9:39am Mar 10, 2008 9:39am
Quoting Hookem28
The long red candle was a red flag. I'll NEVER take a long position so soon after a long bear candle like that one. It usually signals a retracement or consolidation. It could even be the start of a bear trend.
Very good, a pull back should be smooth and gradual.
  • #12,659
  • Mar 10, 2008 9:47am Mar 10, 2008 9:47am
Quoting ira
Well indeed Mike your chart looks better than mine in terms of TC, but I wouldn't have taken it anyway. The reasons are: there is if there was a big bullish candle closing above 1.5400 level I wouldn't even think twice, I would go with the trend. Let the emotions (candles) guide us, and it will keep us out of many bad trades.
Thanks Ira,
Please post more why you don't enter a trade.Much more things to learn from them

Mike
Failure, is a wonderful teacher!
  • #12,660
  • Edited 11:43am Mar 10, 2008 10:22am | Edited 11:43am
Afternoon everyone,

After a slow morning nothing we've a TC entry on the 1H that i've taken. Classic example of price finding support on the 21EMA on the 4H, i've used the 1H as an early entry point.

Buy @ 1.5356, BE 20, SL @ 1.5322, TP @ 1.5395 / 1.5420
Reason: 4H strong support off 21EMA, 1H showing morning star pattern.

Edit 1: Stopped out BE

See Below:

Any comments please?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-2.jpg Size: 126 KB
8 traders viewing now, 1 is registered:
sumitgpl