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4 Hour Strategy (MACD)

  • #14,061
  • Apr 29, 2008 4:51am Apr 29, 2008 4:51am
Please tell me when to open an deal? After 1,5,10... minutes or when?
I do them exactly 08:00,12:00, 16:00, 20:00 (GMT+2). So it is correct or not?
  • #14,062
  • Apr 29, 2008 5:09am Apr 29, 2008 5:09am
Quoting FJSkli
Please tell me when to open an deal? After 1,5,10... minutes or when?
I do them exactly 08:00,12:00, 16:00, 20:00 (GMT+2). So it is correct or not?
after the 4H candle closed, you could enter
and it depends on your platform
Success is the small sum of efforts, repeated day in and day out.
  • #14,063
  • Apr 29, 2008 6:55am Apr 29, 2008 6:55am
Quoting dhalsim
after the 4H candle closed, you could enter
and it depends on your platform

thanks
  • #14,064
  • Apr 29, 2008 7:28am Apr 29, 2008 7:28am
Quoting Phillip Nel
I am using this 4 Hour strategy only for the last month as I have papertraded for 2 years trying everything and or system I could find. (I am trading equities for almost 10 years)I have decided that I will only go live(after some losses-not to serious) after I have studied the field of forex and are satisfied that I have a system that works. I do believe that we are trying to make it to impressive and difficult. This system is simple and easy to understand. I have backtested and forward tested it over more than 200 trades and it gives 300+ pips per month. I never had more than two consecutive losses. I never use a stoploss bigger than 50. There are enough chances to ignore the ones bigger than 50.

I am using this strategy only on the EurUsd and the GbpUsd. Have not tested it on other.
I hope that you will find some use for it and that it put you on the road to financial independence.

This is my list of major pdf's and mp3's from this thread.

TITLE................................... ................................... ..............................PAGE........POST

BEFORE GOING ANY FURTHER, PLEASE GO TO PAGE 681 POST 10212 AND PAGE 870 POST 13038 AS WELL AS PAGE 742 POST 11119 AND LISTEN TO "THE HEART OF THIS SYSTEM" AND SAVE THAT GRAPH. THEN GO TO PAGE 289-290 POST 4335 AND STUDY THOSE 13 LESSONS BY HEART. THEN START AT THE BEGINNING AND ESPECIALLY THE LIST OF INFORMATION BELOW.

For those understanding my English with difficulty go to Page 682 Post 10227 for a written copy of "The heart of this system"

4 Hour MACD Forex Strategy.pdf ................................... ................................1.. ...........1
Planning your Trade.pdf.......................... ................................... ..................1..............1
Consolidation Management.pdf..................... ................................... .............15...........215
Clock_v1_3.mq4..................... ................................... ................................28. ..........410
MACD_H4_300_v100.mq4............... ................................... ..........................31....... ....461
Trend trading with MACD.pdf........................... ................................... .........32...........468
Setting up MA and MACD.pdf........................... ................................... .........43...........639
The question about papertrading.pdf................... ................................... .......48...........713
Presentation1.pdf.................. ................................... .................................54 ...........797
woodchuck.pdf...................... ................................... .................................60 ..........890
Breakout Positioning.zip (graph post 1130).............................. ........................76......... 1130
Euro Trendline.zip (graph post 1159).............................. ................................78. ........1159
MACD Signals.zip (graph post 1166).............................. .................................78 .........1166
Market Rythm AudUsd.zip (1197)............................. ................................... ...80.........1197
1Hour Strategy.zip....................... ................................... ............................92..... ....1372
1 Hour Strategy.pdf....................... ................................... ..........................92....... ..1372
1Hour Strategy 1.zip.............................. ................................... ..................98.........1456
1Hour Strategy 2.zip.............................. ................................... ................103..........1535
1Hour Trendcontinue Patterns.zip....................... ................................... ......145..........2165
Stoplosses.zip..................... ................................... ..................................1 53..........2281
Three little sisters.zip (graph post 2287).............................. .........................153....... ..2287
Pivot Auto.mq4........................... ................................... ..........................198...... ....2970
MACD_Colored_v103.mq4 + word file............................... .............................223... .......3342
Breakeven.zip (graph post 3748).............................. ................................... 250..........3748
FiboPivots4HMACD.mq4............... ................................... ...........................270..... ......4043
4Hour and 1Hour Supporting Signals.zip (graph post 4063).............................. ..271..........4063
4H calculation spreadsheet.zip.................... ................................... .............273.........4095

13 lessons
L1 Introduction.zip................... ................................... .............................290... .......4336
L1 Introduction 1.zip.............................. ................................... ...............290..........4336
L2 Tsunami.pdf........................ ................................... ............................290.... .......4337
L2 Tsunami.zip........................ ................................... ............................290.... .......4337
L3 Tecnical vs Fundamental Analysis.zip....................... ...............................290. ...........4338
L4 Market Rhythm Part 1.pdf.............................. ................................... ...290............4339
L4 Market Rhythm Part1.zip.......................... ................................... .........290............4339
L4 Price Motion 2.zip.............................. ................................... ..............290............4340
L4 4Hour and 1Hour Supporting Signal.zip......................... ............................290.... .......4340
L5 Drawing Trendlines.pdf..................... ................................... .................290...........4341
L5 Drawing Trendlines.zip..................... ................................... .................290...........4341
L5 Trendlines.zip..................... ................................... .............................290... ........4342
L6 Market Emotion.pdf........................ ................................... ..................290...........434 3
L6 Market Emotion.zip........................ ................................... ...................290...........43 43
L7 Flight Preperation.pdf.................... ................................... ...................290............4 344
L7 Flight Preperation.zip.................... ................................... ....................290...........4 344
L8 Anatomy of a Trade.pdf.......................... ................................... ..........290...........4347
L8 Anatomy of a Trade.zip.......................... ................................... ...........290...........4347
L9 Major MACD Signals.pdf........................ ................................... .............290...........4348
L9 Major Macd Signals.zip........................ ................................... ..............290...........4348
L10 Exercise MACD1.pdf.......................... ................................... ..............290...........4349
L10 Exercise MACD1.zip.......................... ................................... ...............290...........4349
L11 Trade Example.pdf........................ ................................... ..................290...........435 0
L11 Trade Example.zip........................ ................................... ...................290...........43 50
L12 Papertrading.zip................... ................................... ...........................291..... .....4351
L13 Conclusion.zip..................... ................................... ............................291.... ......4352

Rhythm, Motion and Emotion Explained ..........................................................791..........11852

Study by Hart.zip (graph post 4496).............................. ..............................300.. ........4496
4h MACD price movement rules.doc.......................... ................................... 301..........4504
Range Bound Rhythm.pdf......................... ................................... ...............304..........4549
Range Bound Rhythm.zip......................... ................................... ................304..........4549
Breaking down Motion from Monthly to 4Hour.pdf.......................... ..................304.........4551
Breaking down Motion from Monthly to 4Hour.zip.......................... ...................304.........4551
Not to be wiped out early.zip.......................... ................................... .........328.........4911
Which way is the trend.pdf.......................... ................................... ............329.........4934
Which way is the trend.zip.......................... ................................... .............329.........4934
Normal retracement strategy.zip....................... ................................... .........344........5155
Pulling the Trigger.zip........................ ................................... ......................376........56 27
Emotional Triggers.zip....................... ................................... .......................376........5 629
Phillip Nel- Three Little Sisters- written copy.zip........................... ...................394........5910
Lessons 1 to 7.zip.............................. ................................... .....................395........592 5
Lessons 8 to 13.zip............................. ................................... ....................396........5926
Risk Management 1.zip.............................. ................................... ...............396........5927
Risk Management 2.zip.............................. ................................... ...............396........5927
Phillip Nel- Risk Management 1- Written copy.zip........................... ...................397........5943
Phillip Nel- Risk Management 2- written copy.zip........................... ....................397.......5946
Phillip Nel- 1Hr Supporting 4Hour- 4June2007- written copy.doc........................... 458.......6862
1Hour Supporting 4Hour.pdf.......................... ................................... .............458.......6862
Phillip Nel- StopLosses- 11Mar2007.doc...................... ................................... ..494......7399
Landing the Profit.zip (graph post 7415).............................. ............................495.... ..7415
Phillip Nel Landing the Profit.doc......................... ................................... .........499......7485
Breakout.zip....................... ................................... ................................... .501......7513
Breakout trading.pdf........................ ................................... .........................501......7 513
Phillip Nel- Breakout Trading 18 Oct2007.doc........................ ............................502.... ..7519
Range Bound Trading.pdf........................ ................................... ...................535......8013
Range Trading 1.zip.............................. ................................... ....................535......8013
Range Trading 2.zip.............................. ................................... ....................535......8014
RangeTrading_1_and_2.doc........... ................................... .............................535... ...8020
Knowing the System.zip......................... ................................... ....................538......8065
Knowing the system.doc......................... ................................... ...................541......8103
Planning Your Trade.zip (graph post 8349).............................. ..........................557...... 8349
Phillip Nel Planning Your Trade Post 8349 Page 557 9Nov2007.doc....................... ...558......8368
4h_MACD_FX_Strategy_Locked_TF.mq4.. ................................... ......................576......8628
Money_Management_Eng.xls........... ................................... ............................610.... ..9139
Position Calculator.xls..................... ................................... ...........................610..... .9148
Trailing Stops.zip.......................... ................................... ............................636.... ..9535
Temp.zip........................... ................................... ................................... ...640......9587
Trailing stop post 9535.doc........................... ................................... ..............640......9592
Temp 17December 2007 post 9587.doc........................... .................................64 1......9612
PhillipNel Lesson4 PriceMotion2 Post 4340.doc........................... .........................644.....96 54
PhillipNel 1Hour Supporting 4Hour Post4063 Page271.doc........................ .............648......9709
candlesticks.zip................... ................................... ................................... ...650.....9736
Large Candle Entry Spread.zip......................... ................................... .............651.....9760
PhillipNel Emotional Triggers written copy post 5629 page 376.doc...........................6 51....9764
PhillipNel LargeCandle Entry Spread page 651 post 9760 21Dec2007.doc....................65 2....9772
Market Volatility By Rebecca..............................................................................859....12884

EDIT: For a summary of the 4 hour system go to page 289 Post 4335.
I am interested in your 4 Hour MACD Forex Strategy pdf, but it could not be download that the file is damaged. I use Window vista
  • #14,065
  • Apr 29, 2008 7:53am Apr 29, 2008 7:53am
I have downloaded both PDF's from post 1, and they are fine...........
  • #14,066
  • Apr 29, 2008 8:48am Apr 29, 2008 8:48am
Entered yesterday on the 1600 candle on a retracement.

Entered @ 5635
S/L @ 5670
Initial TP @ 5600 for R/R calc.
Took partial off @ 5566
the rest is on a trailing stop 45 pips back
  • #14,067
  • Apr 29, 2008 9:30am Apr 29, 2008 9:30am
EU has broken 89sma, but the price hasn't gone back to test it. I still think there maybe a chance to long eu before 7th May for Frankfurt Bank will post its profit and it has high probability to writedown with big lose just like today's Deutsche Bank
Plan your trades and trade your plans
  • #14,068
  • Edited 12:50pm Apr 29, 2008 11:53am | Edited 12:50pm
TC this morning

I dont see posts posted by people taking the TC on the EurUsd this morning in the thread today. I would like to know how many people did take this TC and are following this thread. There might be a lot of people following the thread but not participating actively by posting posts. Can you please e-mail me ([email protected]) and give me some background as to your involvement in this thread and the value it has to you.
1. Do you show a profit or not.
2. Did you benefit from the thread.
3. Did this thread helped you in other strategies you might be using.
4. How can it be improved or what are the shortcomings.

I would appreciate some feedback please.
Thanks
Phillip [email protected]
Attached Image (click to enlarge)
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  • #14,069
  • Apr 29, 2008 12:59pm Apr 29, 2008 12:59pm
Phil; Re the Euro trade, i took this as you have shown. Down to the trendline and out for +50.
  • #14,070
  • Apr 29, 2008 1:03pm Apr 29, 2008 1:03pm
I was surprised others didnt take this, unless it wasnt shown on their platform times. Other than that is was a perfect example of the 4hr method. Exit was tidy as well and clearly shown etc.
  • #14,071
  • Apr 29, 2008 1:04pm Apr 29, 2008 1:04pm
Quoting napeharm
Phil; Re the Euro trade, i took this as you have shown. Down to the trendline and out for +50.

Nice one
  • #14,072
  • Apr 29, 2008 1:05pm Apr 29, 2008 1:05pm
Also, as i pointed out much earlier, the previous day was an inside bar and the direction would be confirmed by a break of the high or low of the bar. This proved to be so and could have suggested a later entry for those who missed it.
  • #14,073
  • Apr 29, 2008 1:09pm Apr 29, 2008 1:09pm
Hi Phillip,

I did not take this trade as the MACD closed green so no TC given. Although it only missed the TC signal by a few pips.

As for the system, I think it is great & works really well as long as the emotions are controlled. I have been following the thread for quite some time now but have not posted much on the thread.

Thanks
  • #14,074
  • Apr 29, 2008 1:14pm Apr 29, 2008 1:14pm
Phil;My chart for the trade was posted number 14054 if you missed it there page 937
  • #14,075
  • Apr 29, 2008 1:16pm Apr 29, 2008 1:16pm
Quoting napeharm
Phil;My chart for the trade was posted number 14054 if you missed it there page 937
Yes I saw yours.
  • #14,076
  • Apr 29, 2008 1:20pm Apr 29, 2008 1:20pm
Ok, thats fine........I will send you my views on the thread and the benefits its has brought to my trading. I urge other contributors to do the same so Phil can get an overview of the value of what he is doing and define what we want/expect from this learning arena.
  • #14,077
  • Apr 29, 2008 1:50pm Apr 29, 2008 1:50pm
Phillip, I was all ready to go last night. I have had an upper respiratory infection that has come and gone for the last 10 weeks, and it was back again due to too much basketball this weekend.

So my sleep was all over the place last night. I ended up waking up 4 times in the middle of the night and missing the gym this morning. But I now feel great.

Anyway, I slept through the EURUSD TC (I am going to have to learn to sleep less than 7 hours a night). I could have taken the EURUSD TC on the next bar (after the one you are asking about) but the stop loss would have been large, and with the MACD position I felt there would be a retrace. I was correct, I would have made my flat 25 pips though before the retrace.

I also missed the GBPUSD TC due to the size of the bar. But with the Zero Bounce on the MACD I still should have taken this trade.

I did manage 50 pips on the AUDUSD with a mix of PA and the MACD, but it is not soley on this system.
  • #14,078
  • Apr 29, 2008 2:26pm Apr 29, 2008 2:26pm
hello everyone,. thanks for the welcome back .. few days back, sorry i am in and out..
saw the euro developing. but not a good tc on my platform. SL was too baig and price found support on the trend line. so did not take it.

thanks phillip for the interbank trades MP3. bec That is my platform. it was a nice refresher course for me like a monthly wrap up with reasoning behind every possible trade. Hopefully i will be more active in the thread in may.
Take care,

Nadia.
Attached Image (click to enlarge)
Click to Enlarge Name: euro tc today.jpg Size: 211 KB
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #14,079
  • Apr 29, 2008 3:07pm Apr 29, 2008 3:07pm
I just want to share something that interest me on GU trade I took today. I started watching when SAKA pointed at the pin bar on GU. I was actually looking for TC on EU then.

I took the trade on the close of RT signal which close inside my trendline and the doji on the trendline. What I anticipated is the bottom of the channel but I don't know when. So I drew a fib and hope to take profit at 161.8 extension.

I then got scared and said to myself that hey this is greed. I decided to leave the trade open and went for naming ceremony. Meanwhile, I was monitoring the current price from my mobile phone so that I can atleast know the current price. When I saw that huge drop I went straight to the office and swicth to lower time frame to see if the price want to reverse.

I hurriedly closed the trade manually at 1.9724 at the point of that retracement thinking the price wanted to reverse.

WHAT REALLY INTEREST ME IS THE 161.8 FIB EXTENSION. IT IS SO PERFECT. I HOPE TO IMPROVE ON THE USUAL SAY OF "CUT YOUR LOSS SHORT AND LET YOUR PROFIT RUN"
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #14,080
  • Apr 29, 2008 5:04pm Apr 29, 2008 5:04pm
hi philip and everybody,
let's take a look at UCAD in this moment..
we can apply three little theories by philip to take this trade to position ourself if breakout were to occur in this few days or maybe tomorrow after FOMC meeting.

by looking at the overall pattern, it seems as rising wedge on a downtrend (daily chart) which indicate trend reversal ( will go up ? )

any opinion or extra information ?
hope to make some pips sooner or later
cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.JPG Size: 97 KB
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