4 Hour Strategy (MACD) | Page 650 | 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)

  • #12,981
  • Mar 19, 2008 1:21am Mar 19, 2008 1:21am
Quote
Quote
Could some instruct me as to how to copy a screen printout onto a post like a lot of members on this thread have done.
Thanks

Hi Roy,

I tend to save the chart "as picture" from "file" in Metatrader to a folder on my hard drive and then use the "insert image" button (mountain) on the menu bar in FF to select the picture and insert it

There may be other ways but thats how I do it

Hope that helps

regards

Mark
  • #12,982
  • Mar 19, 2008 1:27am Mar 19, 2008 1:27am
Hi Maxter/Dhalsim

Ive noticed on your charts that you are using a pretty helpful Indicator showing pivot points

The one I am using isnt anywhere near as clear as that- could you point me in the direction as to where to find it?

anticipated thanks

regards

Mark
  • #12,983
  • Mar 19, 2008 1:29am Mar 19, 2008 1:29am
Quoting Waterflame
perfect job Philip, the own thing i haven't understand yet, was where to place my stop loss, thank you very much mate, all good to you
can u pls post the 4hr template?
  • #12,984
  • Mar 19, 2008 1:38am Mar 19, 2008 1:38am
Quoting mark r
Hi Roy,

I tend to save the chart "as picture" from "file" in Metatrader to a folder on my hard drive and then use the "insert image" button (mountain) on the menu bar in FF to select the picture and insert it

There may be other ways but thats how I do it

Hope that helps

regards

Mark
Thanks Mark
  • #12,985
  • Mar 19, 2008 1:39am Mar 19, 2008 1:39am
Quoting mark r
Hi Maxter/Dhalsim

Ive noticed on your charts that you are using a pretty helpful Indicator showing pivot points

The one I am using isnt anywhere near as clear as that- could you point me in the direction as to where to find it?

anticipated thanks

regards

Mark
below it is my template for EURUSD,
you could find the fib setting there,
and you could make modifications on fibo description,
hope you know what I said
Attached File(s)
File Type: tpl template_name.tpl   8 KB | 509 downloads
Success is the small sum of efforts, repeated day in and day out.
  • #12,986
  • Mar 19, 2008 2:43am Mar 19, 2008 2:43am
Quoting Phillip Nel
I could not trade tonight. Only came back now. I would have taken the GbpUsd due to that Tail.
Right, Philip, that's a pin bar or shooting star. I find that if we use fib's 38.2 to that upper shadow line as a sl, that would be very good. 40 pips, but 138 pips to obtain!
Plan your trades and trade your plans
  • #12,987
  • Mar 19, 2008 2:47am Mar 19, 2008 2:47am
Quoting mark r
Hi Maxter/Dhalsim

Ive noticed on your charts that you are using a pretty helpful Indicator showing pivot points

The one I am using isnt anywhere near as clear as that- could you point me in the direction as to where to find it?

anticipated thanks

regards

Mark
Here it is
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 488 downloads
Plan your trades and trade your plans
  • #12,988
  • Mar 19, 2008 2:56am Mar 19, 2008 2:56am
Quoting saka
Right, Philip, that's a pin bar or shooting star. I find that if we use fib's 38.2 to that upper shadow line as a sl, that would be very good. 40 pips, but 138 pips to obtain!
can u post ur template pls
  • #12,989
  • Mar 19, 2008 3:01am Mar 19, 2008 3:01am
Quoting ayour2a
can u post ur template pls
My template doesn't have set pp. only MAs and MACD
Attached File(s)
File Type: tpl saka.tpl   20 KB | 528 downloads
Plan your trades and trade your plans
  • #12,990
  • Edited 7:14am Mar 19, 2008 3:04am | Edited 7:14am
Eur Long.
Entry:1.5716
Sl:1.5670
TP1:1.5780

Bounce off 21,TC

EDIT1
TP1 Was hit +64 Pips
SL BE for the rest

EDIT2
TP2 = BE
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 26 KB
Failure, is a wonderful teacher!
  • #12,991
  • Mar 19, 2008 3:10am Mar 19, 2008 3:10am
I took a long EU on 4HR TC. Only factor is that it is coming from below the 21. I Looked at the discussion between Palmer and Phillip about what the price can do and cant. I Must be careful at those entries of the EMAs. But I have taken the TC on MACD signal. Is there a rule stating on conditions of taking the TC, or can i in this case take the TC that is from below 0 mark and 21. THANX
  • #12,992
  • Mar 19, 2008 3:17am Mar 19, 2008 3:17am
Quoting saka
My template doesn't have set pp. only MAs and MACD
Thanks
  • #12,993
  • Edited 4:40am Mar 19, 2008 4:26am | Edited 4:40am
TC Trade 20 pips Took 50% TP at 1.5740

Let other half with 25 trailing stop run.

But after 50 pips move I exited other 50%

What I like about this MACD teaching is that Phillip wont let a 30 pip gain turn around in taking out your stoploss 40 pips down. Thats my whole motivation to take partial profit @ 25-30 pips.
  • #12,994
  • Mar 19, 2008 5:49am Mar 19, 2008 5:49am
IMHO I would be more careful with e/u it according to past week video.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #12,995
  • Mar 19, 2008 7:08am Mar 19, 2008 7:08am
Anybody tok GU ?
i entere at .9972 SL:50 TP1:365MA -.9914 TP2: between 365MA and 200MA -.9860

So, any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: gb3.gif Size: 27 KB
  • #12,996
  • Mar 19, 2008 7:34am Mar 19, 2008 7:34am
Moreland: Thanks for the 'thanks'...

I was able to pull out 50 late last night only after I lost 49 (on a 5 minute method that spiked down within about 5 minutes after entering for some 'reason'). I had an audible alarm set for on the 1hr because price found support at the Fib 23.6 fib#, then closed above the pivot and the 89 (same area). That was a lot of watching an waking for 1 pip. Looking back now, I could have just waited for the TC on the 4hr with the price closing back above the 21. Me thinks I need to regroup for a while back to the heart of this method which is the 4hr chart...'The Roadmap To Rhythmland'...
  • #12,997
  • Mar 19, 2008 7:40am Mar 19, 2008 7:40am
Quoting Jaco V Nel
I took a long EU on 4HR TC. Only factor is that it is coming from below the 21. I Looked at the discussion between Palmer and Phillip about what the price can do and cant. I Must be careful at those entries of the EMAs. But I have taken the TC on MACD signal. Is there a rule stating on conditions of taking the TC, or can i in this case take the TC that is from below 0 mark and 21. THANX
I wanted to post my reply early but I was busy. I took that trade on the E/U because on the 11th of March I was looking at a similar trade but then I didn't take it because it scared me the huge red candle and now when I saw the same thing I took it. On my chart the price closed above the 21EMA just like on the 11th March. The same thing happened on the U/J on 11th of March and now. To me it look like similar setups. I have attached the chart.
As for the rule most of the time is the market rythm and emotion that determine you to take or not take a TC.
This is just my opinion and I am quite new to this system.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU1.JPG Size: 101 KB
Click to Enlarge Name: UJ.JPG Size: 97 KB
  • #12,998
  • Mar 19, 2008 8:13am Mar 19, 2008 8:13am
luckytiger:

You will see from the past charts that when the rhythm is strong and if something has happened in the past and the same set-up is happening now, the result has a good chance of being the same. This is all contingent upon the rhythm being 'there'. I've taken a lot of 1hr trades based on the 4hr rhythm with the 1hr being in a channel, support/resistance area and the same thing happened over and over because of the 4hr rhythm. It's key to pick up on this like you have mentioned.

EU looks 'tricky' right now, might have a re-test below the 21....
  • #12,999
  • Mar 19, 2008 8:33am Mar 19, 2008 8:33am
Quoting 4newbie
Anybody tok GU ?
i entere at .9972 SL:50 TP1:365MA -.9914 TP2: between 365MA and 200MA -.9860

So, any comments?
Jeez 4newbie you are "the oscillator king" :surprised
Just kidding , if it works for you is ok.
  • #13,000
  • Mar 19, 2008 8:50am Mar 19, 2008 8:50am
Quoting mkain
Jeez 4newbie you are "the oscillator king" :surprised
Just kidding , if it works for you is ok.
....just combinated with 5min strategy, moced SL to 65 then entered with second lot and now got total closed 1st entery +30 pips second +20.............
9 traders viewing now