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4 Hour Strategy (MACD)

  • #13,961
  • Apr 25, 2008 11:41am Apr 25, 2008 11:41am
Quoting 4newbie
mm..seems that u are talking about post #13952 but i replied to Phils post #13956... where is the XLS file...so....
Sorry! Here's a PDF copy of Phillip's file.
Attached File(s)
File Type: pdf 4Hour MACD deals[1].pdf   46 KB | 979 downloads
  • #13,962
  • Apr 25, 2008 12:04pm Apr 25, 2008 12:04pm
Quoting Phillip Nel
Info

Hello Phillip,

i am using your strategy since the beginning of march and i really want to thank you for sharing your experience with us !


May Lord bless you !

best regards
FXP
  • #13,963
  • Apr 25, 2008 1:14pm Apr 25, 2008 1:14pm
when u come ,the moral and motion comes to thread ,
thx man
  • #13,964
  • Apr 25, 2008 1:23pm Apr 25, 2008 1:23pm
If you dont have MS Office and cannot open Word and Excel documents you can download Open Office for free. It can open MS Office documents.
http://download.openoffice.org/index.html

Phillip
  • #13,965
  • Edited 2:50pm Apr 25, 2008 2:31pm | Edited 2:50pm
Phillip great wrap up!

I want to point out the perfect TC patterns - they are 1 & 5.

Go study those - you usually get one of these a week and it is pretty much the prefect trade I look for and I patiently wait all week for it. The 4H MACD doesn't show every one of these perfect TCs because of the 4H bar closing time. Now go look at the pullback swings in detail on the 15M and not just the 4H candles. Notice the smooth counter trend swings and its rhythm - then sideways movement - then finally price resuming the previous trend direction. These are literally 100% goldmine trades.
  • #13,966
  • Apr 25, 2008 4:00pm Apr 25, 2008 4:00pm
hi remington, do u hve MAC v102 template..wud really appreciate if u cud provide it thanks.
  • #13,967
  • Apr 25, 2008 4:04pm Apr 25, 2008 4:04pm
I've been learning this system not so long ago, only last month started analysing in real time and last 2 weeks - demotrading. I don't know - I might be doing smth wrong maybe - but from those 7 trades on EURUSD and GBPUSD marked on the graph that Phillip could have taken I would and did skip 4 (#2, b, c, d) (or 7 out of all 12 - 2, 6, a, b, c, d, e) because of a big SL (>50 pips) on 4H. Setup 3 could also have a too big SL if to enter on the bar marked on the image, but Ok if on the previous (as Phillip did). Part of these trades I could have taken on 1H and some using partial opening on 4H, but still need to practice these two methods.

But still, 1, 3 and 5 were left (Phillip's ~360, mine maybe less - ~50 on #1, 80 on #3 and 60 on #5 = ~200), plus some possible conter-trend. Thanks Phillip! But still much to learn.
  • #13,968
  • Apr 25, 2008 4:46pm Apr 25, 2008 4:46pm
Quoting roger0078200
hi remington, do u hve MAC v102 template..wud really appreciate if u cud provide it thanks.
me?
I use Tradestation
  • #13,969
  • Apr 25, 2008 4:54pm Apr 25, 2008 4:54pm
Quoting RemingtonTJ
me?
I use Tradestation
hm...cos i saw phils using MACD v102...i thought u wud b having d template..
  • #13,970
  • Apr 26, 2008 5:10am Apr 26, 2008 5:10am
Quoting roger0078200
hm...cos i saw phils using MACD v102...i thought u wud b having d template..
MACD_Colored_v102.mq4

and description
Attached File(s)
File Type: doc 070409_#3342_MACD Colored Indicator.doc   81 KB | 919 downloads
File Type: mq4 MACD_Colored_v102.mq4   6 KB | 772 downloads
  • #13,971
  • Apr 26, 2008 6:20am Apr 26, 2008 6:20am
Here is the written copy of the daily wrap-up for 25th April 2008, recorded by Phillip Nel, post number 13952. The charts have been copied into the doc. Thank you for your patience.
Attached File(s)
File Type: doc daily wrap up.doc   224 KB | 850 downloads
May all your pips grow into great big fruitful trees
  • #13,972
  • Apr 26, 2008 11:05am Apr 26, 2008 11:05am
Quoting RemingtonTJ
what I observed with my trading in the last few days is, that I have been way to cautious, to much waiting for retracements or confirmations
and that was the case in all pairs that I am looking at

Maybe the message right now is to be more agressive, sometimes even take a single MACD-signal
You can always add lots if and when the retracement occurs.
  • #13,973
  • Apr 26, 2008 2:21pm Apr 26, 2008 2:21pm
hi, i'm newbies here... i know phillip are here... just to say a million thanks for your kindness and BIG EFFORT... u help a lots...
  • #13,974
  • Apr 26, 2008 4:38pm Apr 26, 2008 4:38pm
Thanks for Phillip's chart of April, it really resure me a lot. I agree that focusing is the most important to take TC trades.

One of the other reasons that I miss some nice TC chances is due to the timeframe of platform. I use IBFX, in this month, it happened quite a few times that the signal candle is too big, which scare me a lot.

Does anybody know some source of free JAVA chart online with different timeframe? Thanks a lot!

Macalmd
  • #13,975
  • Apr 26, 2008 4:52pm Apr 26, 2008 4:52pm
Quoting Roselyn
hi, i'm newbies here... i know phillip are here... just to say a million thanks for your kindness and BIG EFFORT... u help a lots...
There are few more popular and hit threads in this forum. Phillip is the only one who are still here every week and selflessly teaching and sharing knowledge to every one including all newbies..no private forum..no select group..thanks a milllion for your selfless service...

-FX_California
  • #13,976
  • Apr 26, 2008 9:00pm Apr 26, 2008 9:00pm
Hi Phillip

I would just like to say what a great daily wrap up you gave yesterday. You have managed to make the trades stand out from all the background noise.

I have been away developing systems that I can use on longer time frames and can now come back to concentrate on the 4 hours. The main thing that I have learnt over the last 2 years doing forex is to take it easy and let the trades just appear. Your Excel sheet shows that they do regularly and give consistent results.

Thanks to you I now longer get stressed if I do not trade every day, I know what candles I can trade, I stick to them and then have balance back in my trading again.

Please keep up the good work. This is by far the best thread to learn forex trading as it is so neat and simple.

All the best,

Mister ED
  • #13,977
  • Apr 27, 2008 9:37am Apr 27, 2008 9:37am
Hi,

Is there an EA for this strategy, because I can not find it. I'd very grateful for help.
  • #13,978
  • Apr 27, 2008 10:20am Apr 27, 2008 10:20am
Quoting macalmd
Thanks for Phillip's chart of April, it really resure me a lot. I agree that focusing is the most important to take TC trades.

One of the other reasons that I miss some nice TC chances is due to the timeframe of platform. I use IBFX, in this month, it happened quite a few times that the signal candle is too big, which scare me a lot.

Does anybody know some source of free JAVA chart online with different timeframe? Thanks a lot!

Macalmd
http://www.fxstreet.com/rates-charts/live-charts/
  • #13,979
  • Apr 27, 2008 12:10pm Apr 27, 2008 12:10pm
Hey everyone..hope ppl have had a good rested weekend for a heavy week of gaining pips!

I wanted some advice on when is the ideal time for watching the market as I am having a bit of difficulty on this. I guess I am asking this question as it seems that people are constantly watching the market and are able to get the good deals in because of this. I have endeavored to do this but finding this impossible when I am at work....but I guess this kinda supports the idea of not looking for the trade and let it come to you which I firmly believe in. Having followed Philips trades through I think he may be watching the market 2 times a day once before he goes to work and then after if he has placed a trade but the timings on some of his trades suggest he is looking outside of those hours (sorry Philip...it sounds like I am stalking you =)

Would watching the market once a day in the morning suffice, as I am not able to so after work. I am based in London.

Any comments/opinions would be much appreciated.

Many thanks,
C
"Be the change you want to see in the world" - Gandhi
  • #13,980
  • Apr 27, 2008 12:44pm Apr 27, 2008 12:44pm
Quoting RemingtonTJ
http://www.fxstreet.com/rates-charts/live-charts/
Thanks a lot. Anyway, it seems to me that the chart in "fxstreet" does not have 4H chart. The points is that we depend on 4H signal, my broker offers the chart of GMT-1, which looks different from the chart of GMT.
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