4 Hour Strategy (MACD) | Page 709 | 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)

  • #14,161
  • Edited 9:07am May 1, 2008 9:01am | Edited 9:07am
Your welcome yorik. Its basically psychology and financial necessity. The players need to take profits at some time. The markets are thus alot more organised and alot less chaotic than people think. I did have an explanation for this phenomenon somewhere is some study literature i read years ago applying to stocks. But that can also be supply and demand also because there are only so many shares around, but in fx. there is no volume as such, though the same principals may indeed apply. Price does become exhausted though and buyer and sellers move in when this happens.Perhaps Phil might have a more conscise explanaton. It is good to discuss these things though because it teases out explanations and ideas, gets those little grey cells working!
  • #14,162
  • Edited 9:50am May 1, 2008 9:12am | Edited 9:50am
Hi Phil,
do u mind providing me ur 5min strategy or d template...thanks
  • #14,163
  • May 1, 2008 9:44am May 1, 2008 9:44am
Hi Phillip and all

A long term lurker, but no more - time to act positively.

Studied the rhythm on the GU, observed the movements from bottom to top of channel and back several times.....missed the 7.00am candle this morning but saw the long tail through the top of channel at 8.30am and saw the MACD tending to a RT although still green....so, placed two lots at 1.9875 and 1.9860 with stop above tail and PTs at 8 and between 8/21 emas.
Was out until 2.30pm and happy to see that the trades had been successful.
Decided not to trade the 3.00 candle as this was first trade adopting Phil's approach (while not strictly by the book vis a vis MACD, I was following the rhythmic movements of price).
Hope to contribute regularly to this thead and to continue learning from Phillip and experienced contributors.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy4h.gif Size: 39 KB
  • #14,164
  • May 1, 2008 9:50am May 1, 2008 9:50am
Quoting roger0078200
Hi,
could somebody provide me wid phil's 5min temp or pdf file..thanks
Hi, roger0078200. As for Phillip Nel's 5minute system - there's a separate thread about it. On the 1st page he gathered links to all the most important info. You can find answers to most of your questions there.

P.s. I failed to send you a private message (don't know why)
  • #14,165
  • May 1, 2008 9:53am May 1, 2008 9:53am
Quoting Yorik
Hi, roger0078200. As for Phillip Nel's 5minute system - there's a separate thread about it. On the 1st page he gathered links to all the most important info. You can find answers to most of your questions there.

P.s. I failed to send you a private message (don't know why)
appreciate it yorik...
  • #14,166
  • May 1, 2008 10:00am May 1, 2008 10:00am
Quoting Yorik
Sure - see post #13934 for it. There's a pdf file there with its description.
Hi Yorik,
I was wondering do you have any EA which trail the SL with Parabolic Sar?

Thanks \
Mike
Failure, is a wonderful teacher!
  • #14,167
  • May 1, 2008 11:03am May 1, 2008 11:03am
Here's a review of the MACD formations and their abbreviations. I've noticed that we're back to a period where people are getting some of them confused, particularly the ZB, zero break, and the BOZ, bounce off zero. Those, particularly, are easy to get confused about sometimes, so here they are again. For a clearer picture, go the the Lesson 9 PDF:
Attached Image (click to enlarge)
Click to Enlarge Name: From Phillip's PDF- Lesson9.GIF Size: 12 KB
  • #14,168
  • May 1, 2008 11:40am May 1, 2008 11:40am
Quoting mike1349
Hi Yorik,
I was wondering do you have any EA which trail the SL with Parabolic Sar?

Thanks
Mike
Some time ago I wrote a number of functions for EA-s and self-dependent experts for trailing according to different algorythms, but not Parabolic Sar (to tell the truth, I haven't worked with this indicator yet).

But just in case that somebody finds them usefull, the algorythms of other trailing experts are:

  1. "by shadows of N last bars" (for ex., for long position - on the low of last 2 bars on any needed timeframe);
  2. "by fractals" (on the same or different timeframe);
  3. "stairs-trailing" (SL moves not pips by pips but with "steps" - say price moved from +20 to +30 - then SL is moved from BE to +10);
  4. "slip-knot trailing" (the further - the closer);
  5. trailing by time (fixed step in defined period);
  6. trailing by ATR;
  7. "ratchet trailing" (different distance in different profit or loss zones);
  8. trailing by price channel;
  9. trailing by MA etc.

These trailing EAs can be downloaded here. Here is a detailed description of each, but in Russian. If somebody needs, I can translate it.

Hope that can be useful for anybody.

  • #14,169
  • May 1, 2008 12:11pm May 1, 2008 12:11pm
Quoting OldDog
Here's a review of the MACD formations and their abbreviations. I've noticed that we're back to a period where people are getting some of them confused, particularly the ZB, zero break, and the BOZ, bounce off zero. Those, particularly, are easy to get confused about sometimes, so here they are again. For a clearer picture, go the the Lesson 9 PDF:

good post, needed a quick reference to refer to at times.
  • #14,170
  • May 1, 2008 2:23pm May 1, 2008 2:23pm
While market doesn't give an oppertunity for a trade (EURUSD, GBPUSD) for me, I tried to draw something like Phillip showed us for several times, some sort of "market geometry", and here's what I got (pictures below).

Some constructions - like red lines on EURUSD, for example - imho, seem quite nice. Though feel a bit unsure cos don't have much experience in using such constructions for prediction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: PhillipsGeometry_eurusd_010508.gif Size: 25 KB
Click to Enlarge Name: PhillipsGeometry_gbpusd_010508.gif Size: 22 KB
  • #14,171
  • May 1, 2008 10:11pm May 1, 2008 10:11pm
Possible TC setting up on the EURUSD on the 12AM -5 EST bar??
Attached Image
  • #14,172
  • May 1, 2008 10:19pm May 1, 2008 10:19pm
Quoting akirax
Possible TC setting up on the EURUSD on the 12AM -5 EST bar??
It's sitting on MA365 and this is also a Weekly S1... Let's see the price action if it goes lower. Might be a TC.
  • #14,173
  • May 1, 2008 10:26pm May 1, 2008 10:26pm
Quoting winston
It's sitting on MA365 and this is also a Weekly S1... Let's see the price action if it goes lower. Might be a TC.
now that I look at it again, it may not be a TC since there arent enough counter-trend bars. only 1 showing....

The ZB was valid though, although I missed it.
  • #14,174
  • May 1, 2008 11:06pm May 1, 2008 11:06pm
Quoting Yorik
Some time ago I wrote a number of functions for EA-s and self-dependent experts for trailing according to different algorythms, but not Parabolic Sar (to tell the truth, I haven't worked with this indicator yet).

But just in case that somebody finds them usefull, the algorythms of other trailing experts are:

  1. "by shadows of N last bars" (for ex., for long position - on the low of last 2 bars on any needed timeframe);
  2. "by fractals" (on the same or different timeframe);
  3. "stairs-trailing" (SL moves not pips by pips but with "steps" - say price moved from +20 to +30 - then SL is moved from BE to +10);
  4. "slip-knot trailing" (the further - the closer);
  5. trailing by time (fixed step in defined period);
  6. trailing by ATR;
  7. "ratchet trailing" (different distance in different profit or loss zones);
  8. trailing by price channel;
  9. trailing by MA etc.

These trailing EAs can be downloaded here. Here is a detailed description of each, but in Russian. If somebody needs, I can translate it.

Hope that can be useful for anybody.

wow, that would be great,
could you translate it?
thanks!
Success is the small sum of efforts, repeated day in and day out.
  • #14,175
  • Edited 12:55am May 2, 2008 12:44am | Edited 12:55am
EURUSD
Time: 04:00 (GMT+1)
MACD: RB
Price: bounce from EMA365, support line, longer lower shadows of several bars may show weakness of downtrend and possibility of a retracement
News: at 9:00, 14:30 (GMT+1)
Calculations:
Open price: 1.5477
SL Price: 1.5443, SL: 34 pips // below current bar's low
TP price: 0.5/1.5498, 0.5/1.5545, TP: 45 (21, 68) pips // EMA8, under broken supp. line; EMA21
SINGLE OPENING.
R:R-ratio: 1.32.
Conclusion: trade is OK.
Result:
waiting till signal bar closes, watching 5min for early signs. Counter-trend trade - likely to pass.

GBPUSD
Time: 04:00 (GMT+1)
MACD: possible bearish TC
Price: on Thu againg broke down SMA89 (seems not to play a strong enough role lately, more - supp.\res. lines, but nevertheless), retraced to SMA89 and EMA21. "Minus" - long down shadow of signal bar may show that 1.9740 level is a resistance again.
News: at 14:30 (GMT+1)
Calculations:
Open price: 1.9763
SL Price: 1.9803, SL: 40 pips // over SMA89
TP price: 0.5/1.9740, 0.5/1.9650, TP: 68 (23, 113) pips // 1.9740 level; previous low
SINGLE OPENING.
R:R-ratio: 1.70.
Conclusion: trade is OK.
Result:
RR seems Ok, TC, wait till bar closes, if nothing changes greatly, enter. News in 1 hour a bit confuses.. Just as a variant - TC may work but after a spike through SMA89 (?)
Attached Images
  • #14,176
  • May 2, 2008 1:01am May 2, 2008 1:01am
Some splash of activity appeared during the last 5-min of the hour on both pairs.

GBPUSD
Opened as planned (see above).

EURUSD
Due to a strong move down on the last 5min of the hour bar - no trade.
  • #14,177
  • Edited 2:12am May 2, 2008 1:13am | Edited 2:12am
i took the tc in usdchf,i'll go BE as soon as it possible
edit :out +17,made me nervous
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.gif Size: 24 KB
  • #14,178
  • May 2, 2008 1:17am May 2, 2008 1:17am
The GBP is interesting this morning. I was looking for a TC short, because it looked like a bounce off the 21 and is also near the 89 and is a return to it before moving away and so on. However that signal right now is not there so i wont be taking it. During my reading of the thread i realised, certainly for me, that my entry on the 4hrmacd was not going to be at the open of the bar following the signal bar. That i would be taking my entry from the high or the low of the signal bar instead. This morning shows why that works, it is more conservative than necessary perhaps and not the way the rules are stated, but i am more comfortable with that. Today, if the GBP was to fall and move below the low of the signal bar then i would consider that an entry.

There is the matter of NFP. today, but to me a trade is a trade, regardless of the day and if the GBP shows a trade i may take it.
Attached Image (click to enlarge)
Click to Enlarge Name: may2.gbp..gif Size: 21 KB
  • #14,179
  • May 2, 2008 1:17am May 2, 2008 1:17am
Interesting situation on the EurUsd. Sitting on 365ema with a RB formed. Price is in a downtrend so a possible TC is on the cards in the next candle or so.
If you want to take the RB on there might be a test of previous low a few candles back before it goes up. R:R should be to the 8ema and position should be covered as soon as possible with a BE.
There is also NFP out later today.
I will give this one some time to show what it is up to.
  • #14,180
  • May 2, 2008 1:22am May 2, 2008 1:22am
The Euro on my chart is pretty much hemmed in by my trendlines and will need to make a decisive move either way, supported as Phil says on the 365 as well.
Attached Image (click to enlarge)
Click to Enlarge Name: may2.euro.gif Size: 24 KB
19 traders viewing now