4 Hour Strategy (MACD) | Page 659 | 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)

  • #13,161
  • Mar 26, 2008 5:21am Mar 26, 2008 5:21am
There are two explanations 1) bad luck 2) they were reading our posts . I wasn't quick to re-enter, was in doubt.

WELL DONE SAKA!!!!!!
Attached Image
  • #13,162
  • Mar 26, 2008 5:31am Mar 26, 2008 5:31am
Saka happy for you....now I think you are going to change your tag line to "I Love Tails"
AFTAB Time Will Tell & Price Will Show
  • #13,163
  • Mar 26, 2008 6:02am Mar 26, 2008 6:02am
Quoting aftab
Saka happy for you....now I think you are going to change your tag line to "I Love Tails"
Absolutely, thanks pals
Plan your trades and trade your plans
  • #13,164
  • Mar 26, 2008 6:24am Mar 26, 2008 6:24am
It seems that the price has been stalled there, I don't know whether I should hold this
Plan your trades and trade your plans
  • #13,165
  • Mar 26, 2008 6:33am Mar 26, 2008 6:33am
I can't believe it, gu suddenly falled nearly 45 pips, then went back to previous price! Is there anybody who have seen this? you can find a long tail in 5min chart. ?This has been down in almost 1/100 second!
Plan your trades and trade your plans
  • #13,166
  • Edited 8:12am Mar 26, 2008 6:45am | Edited 8:12am
Quoting bshadroo
i'm in ur side
sold@38 sl@78 tp@9998
a holiday trade
stopped out -40, i think it was a good setup:1-just below the 89 2-breaked the up TL 3-50% fibo 4-enough place to 21 but that taaaaaaaaaaaaaail...
i was not online to go BE after 20pips.trailing stop dont work when the pc is turn of.please ,is there any way to go BE after some pips when the computer is off?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 17 KB
  • #13,167
  • Mar 26, 2008 8:38am Mar 26, 2008 8:38am
Quoting aftab
Hi Phillip, Palmer and the others,

I am a newbie here and have finished going through the first two parts on the first page of the thread.

I am not trading live nor am I trading on a demo account. It is paper trading the 30-50 trades that Phillip has suggested.

This is the first of them. I am wondering if somebody could help me with my rules and the thinking.

I have posted a chart here outlining the two options.

If price goes long (seems unlikely, but...): Will not do anything - wait for another opportunity - maybe when it comes back to the 21SMA and bounces back after it has crossed the 89SMA.

If price goes down (most likely with the 89SMA turning to resistance): If the opportunity presents itself through the current candle close or the next one to go short, then stop loss will be above the 89SMA and target profit1 will be 8EMA and the second target profit will be somewhere between the 8EMA and 21EMA - right?

Thank you.
Since the price action is already in a bullish mode and the price itself is above the 8, I would wait for a TC entry when price came back down to the 21 area to re-enter a long.

If price came back down to the 21 but closed below it, then it's time to really start analyzing things a little more. How far below the 21 did price close? Is there enough room to re-enter a long back up to the 21 and possibly catch a return to the bull trend? Or wait for price to come back to the 21, then start moving down again (possibly to the 89 or have set profit targets of 20, 30, etc in the event the 89 is too far away but you want to try to catch some of the 'probable' down move) and look for a short?

Where your chart/price is right now it would be time to just wait and let the price tell you what to do. When price is riding the 8 like it is, you could also re-enter with the TC on the MACD, but it's still a matter of waiting = patience to let the chart give you a signal.

Sooooooo, either way I would let the price come back to the 21 area or keep an eye on the MACD for a possible TC.

Hope some of this helps.
  • #13,168
  • Mar 26, 2008 9:15am Mar 26, 2008 9:15am
according to my analysis, gu will go down to 365ema of daily chart, same level of 200sma of 4h chart, 1.9842

Hope it works
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 26 KB
Click to Enlarge Name: 2.gif Size: 27 KB
Plan your trades and trade your plans
  • #13,169
  • Mar 26, 2008 10:43am Mar 26, 2008 10:43am
Info
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 24 KB
Click to Enlarge Name: 4 Hour Strategy 1.gif Size: 26 KB
Attached File(s)
File Type: zip Daily Wrapup 26 March2008.zip   723 KB | 1,203 downloads
  • #13,170
  • Mar 26, 2008 11:04am Mar 26, 2008 11:04am
Quoting saka
according to my analysis, gu will go down to 365ema of daily chart, same level of 200sma of 4h chart, 1.9842

Hope it works
It could be the fifth wave of a down cycle (with lower highs and lower lows). It's rebounded pretty strong over the last three hours though.
Hope it works out for you.
  • #13,171
  • Mar 26, 2008 11:23am Mar 26, 2008 11:23am
I just entered this. Any thoughts?

Symbol: audusd
Price: .9182
SL : .9230
TP:.9130
  • #13,172
  • Mar 26, 2008 11:27am Mar 26, 2008 11:27am
Quoting Hookem28
It could be the fifth wave of a down cycle (with lower highs and lower lows). It's rebounded pretty strong over the last three hours though.
Hope it works out for you.
I don't think eliott's 5 waves with 3 correct waves work at FX market becasue that the pairs describe two ecnomics struggle, not like stocks, only ecnomic good or not. But it is the component of waves.

I have anticipated the price would go back, but not so much high now. I still hope my other half lots at enter price, which makes me BE. I think it is going to form a LH, God bless me not to make price tough my SL
Plan your trades and trade your plans
  • #13,173
  • Mar 26, 2008 11:41am Mar 26, 2008 11:41am
I'm definitely not an Elliott Wave trader. Just saw the pattern.
Didn't think there was any way the previous candle could be filled. Just shows that anything is possible.
It's retraced to the .618 Fib of the down move. Let's see if it heads back down. I'm not really a bull or bear on the GBP. Lots of indecision.
  • #13,174
  • Mar 26, 2008 11:45am Mar 26, 2008 11:45am
Quoting BillyZ
I just entered this. Any thoughts?

Symbol: audusd
Price: .9182
SL : .9230
TP:.9130
It was a good entry on my platform from a tail off the 89 at 0.9189. just watch the 8ema as support. Dont let it run to a loss from the 8ema.
  • #13,175
  • Mar 26, 2008 11:56am Mar 26, 2008 11:56am
Quoting Hookem28
I'm definitely not an Elliott Wave trader. Just saw the pattern.
Didn't think there was any way the previous candle could be filled. Just shows that anything is possible.
It's retraced to the .618 Fib of the down move. Let's see if it heads back down. I'm not really a bull or bear on the GBP. Lots of indecision.
I was kicked out, what a pity. I am waiting for gu form a LH tomorrow. I won't enter TC in 2 hours.
Plan your trades and trade your plans
  • #13,176
  • Mar 26, 2008 12:09pm Mar 26, 2008 12:09pm
Hallo All,please help me where can i download broker with metatrader platform with closing candle 08.00,12.00.16.00.20.00,00.00.thanks





"Together More Better Than Alone"
  • #13,177
  • Mar 26, 2008 12:31pm Mar 26, 2008 12:31pm
For those with difficulty understanding spoken English. The mp3 and the charts are on the previous page.
Attached File(s)
File Type: doc PhillipNel DailyWrapUp 26Mar2008.doc   6 KB | 566 downloads
  • #13,178
  • Mar 26, 2008 12:41pm Mar 26, 2008 12:41pm
Quoting juang
Hallo All,please help me where can i download broker with metatrader platform with closing candle 08.00,12.00.16.00.20.00,00.00.thanks

"Together More Better Than Alone"
Juang, -- Are you asking for those hours in GMT time? Because interbankfx.com does that 4 hour time frame in GMT and uses metatrader. --Tony
  • #13,179
  • Mar 26, 2008 12:53pm Mar 26, 2008 12:53pm
Quoting OldDog
Juang, -- Are you asking for those hours in GMT time? Because interbankfx.com does that 4 hour time frame in GMT and uses metatrader. --Tony

yup.Toni i am in gmt+7.i will visit interbankfx.com.thanks tony
  • #13,180
  • Mar 26, 2008 3:37pm Mar 26, 2008 3:37pm
The EURO looks like it is going to retest some previous highs. This should be interesting.
15 traders viewing now