DislikedThe triangle indicated a possible breakout to the top so did not take profit at TL. Stoploss just below the TL.Ignored
Plan your trades and trade your plans
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Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedThe triangle indicated a possible breakout to the top so did not take profit at TL. Stoploss just below the TL.Ignored
DislikedDo you realize how odd or uncommitted that question is? That is like a person that wants to be a pro basketball in the NBA asking his coach how long do I need to practice or do I need to practice.
If you want to make it replay every 4H bar using the F12 key concentrating on TC - do this every week for 1 year of data. Then next week pick a different year. Repeat this for months and months - you will start seeing things that will sharpen your edge.Ignored
DislikedHi, I am beginner in fx, and i found this thread, and trading syste quite interesting.
I would like to know what's the meaning of the wording around the MACD, like VT, RB, RT, TC, i downloaded MACD_ColouredV105.
Also, for TRIX, how do we read it?
Also, I read from your post, there is an indicator to show either long or short, but i can't find it, can you please attach for me?
Thank you.
ZackIgnored
DislikedWelcome to the thread,
VT = V top
VB = V bottom
RT = round top
RB = round bottom
ZB = zero bounce
BOZ = zero break (I may have these 2 mixed up, check on your chart and it will be obvious which is which, I never actually look at the labels because the patterns speak for themselves!)
If you are interested in trading the 4hr system, you must go to the first page and work through all the posts listed there. You cannot possibly succeed with this system if you do not put the research time into it.
Sorry, I have no idea what TRIX is, can anyone else answer that?
I'm not aware of a long or short indicator either. The chart patterns and rhythm are your indication for long or short. This system requires human interpretation and application. It doesn't have any type of mechanical indicators as far as I'm aware. I'm sure someone will let me know if that's not the case!Ignored
Dislikedboght usdcad near the daily TL and after the CT in H4 in oversold area and R:R:1Ignored
DislikedHi,
I long that too.the other reason is 1.00.But we have 1 news at 7EST for CAD and 1 important news about US at 8:30 EST.
I keep my SL tight
Thanks
MikeIgnored
DislikedEURUSD
LONG 1.5939
STOP 1.5909 (-30)
LIMIT 1.6000 (+61)
Long EURUSD based on 1 hour early entry open 8:00 GMT. Morning star formed on the 1 hour at the 7:00 GMT candle. Morning star on the 4 hour as well (and bounce off 8EMA). 4 hour MACD has not given a TC, but anticipated possible TC to develop. Will adjust stop appropriately to BE.Ignored
DislikedI thought the question was relavent because technology has changed allowing individuals to participate in currency trading. FX was not nearly as accessible 5-10 years ago, so the backtesting 5-10 year ago may not be a fair assessment of the MACD system. I don't know and I'm not sure of many things when it comes to currency trading. I'm still faily new to this, so I'm looking for support, guidance, and an education. By the way, I used to be a professional athlete, so I do have some idea of what commitment and sacrifice means.Ignored
Dislikedis there any indicator that can recognise the formation of the MACD?Ignored
DislikedHi,
I long that too.the other reason is 1.00.But we have 1 news at 7EST for CAD and 1 important news about US at 8:30 EST.
I keep my SL tight
Thanks
MikeIgnored
DislikedThere are two versions of MACD that show the formation. If you look close to the zero line you will see VT, TC, RB etc. That is the MACD pattern.
This is the link were you can find more information about them http://forexfactory.com/showthread.php?t=20349 and how to use them. I think you can set an alarm before a MACD pattern is going to form. I don't use it so I can't say exactly how you can do it but on that link you will find all the details as he created the indicator.
I have attached the 2 versions.Ignored
DislikedI have never seen a night like tonigh. All the majors are up and down, again up and down. I really thought that eu will retrace to test the triangle's horizontal line, but the true is out of my imagine. GU is about to break daily resistant line; UJ has maken two tails one is upward the other is downward.
Today's real chance is 9:00 GMT+1, which is behind the pin bar downward, whilst the price test the horzontal line and went up. What a pity is I was at bus at that time, and missed this chance.Ignored