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4 Hour Strategy (MACD)

  • #15,561
  • Jun 16, 2008 2:31pm Jun 16, 2008 2:31pm
This written copy is from page 1036, post 15533. You can find the PDF that accompanies it there. --Tony
Attached File(s)
File Type: doc PhillipNel- RhythmTrading.doc   9 KB | 834 downloads
  • #15,562
  • Jun 16, 2008 5:33pm Jun 16, 2008 5:33pm
Quoting ejiexe
I don't trade this pair on 4hrs but I just want to show you an example of Palmer BLANNER RUNNER in action. That is if I really understand it. Pls check and see. It will surely happen on EU and GU (our favourites) over and over agaain so be prepare to add to you position with 1Hr when it happens. It is really amazing the way it works.
What is BLANNER RUNNER ??
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #15,563
  • Jun 16, 2008 5:53pm Jun 16, 2008 5:53pm
[quote=TradeStar;2058418]What is BLANNER RUNNER ??[/quot

I would like to explain it to you, but it's way much better described when you go to: www.fxtradeblog.com.
You're gonna find other valueable stuffs there you gonna get suprised!
Diligence is the mother of good fortune!
  • #15,564
  • Jun 16, 2008 6:04pm Jun 16, 2008 6:04pm
Quoting TradeStar
What is BLANNER RUNNER ??

TradeStar:

BladeRunner is a compliment strategy to the 4hr method when rhythm is really strong and price is running on the 8em. The 1hr can give a few opportunities to enter that trend. It's a really simple concept but takes a little time to manage.

I'm wrapped up in meetings today and all day Tuesday as well. Busy busy busy...back on Wednesday...

Trade well...
  • #15,565
  • Jun 16, 2008 10:46pm Jun 16, 2008 10:46pm
Here is the written copy of "Introduction for Newcomers", post 15519 on page 1035
Attached File(s)
File Type: doc PhilNel p1035.doc   29 KB | 876 downloads
  • #15,566
  • Jun 17, 2008 12:16am Jun 17, 2008 12:16am
Quoting TradeStar
What is BLANNER RUNNER ??
Palmer has already explained. Pls go to http://www.fxtradeblog.com to findout how to apply it. I hope this help.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,567
  • Jun 17, 2008 12:35am Jun 17, 2008 12:35am
Quoting scottyd14
hello folks
i am looking at the gbp and see a shooting start with a 1 hour rt and 2 red macd bars my 12:00 noon candle will be completed in 15 minutes
question should i wait for a next 4 hour candle of is this a solid set up for a short. The pa topped out that the top of l my trend lines
i see support on the 1 hour at the 365 ma
need some input critiques been a lurker for too long thanks
scottyd
Hi to all who used MACD 4H Philipnell.
I Think that shooting star can not confirm down now.Need 1 red candle nest
Uhm,consider UK CPI today.GU can up to 19750
But it is my opinion
Thanks PhilipNell MACD 4H strategy.
Vietnamese Trader
  • #15,568
  • Edited 2:57am Jun 17, 2008 1:03am | Edited 2:57am
Does anybody see morning star on GU 4 HR chat?????
Yes it is exactly on 200 and 89. The trend look strong so I am expecting the move to continue.

enter @ 1.9678
SL @ 1.9622 below 200 and 89 (Though, to high but I will move to BE ASAP. I will manage and watch the trade closely). I don't want to be eaten by the worm.
TP1 1.9699
TP2 @ 1.9726
TP3 @ 1.9750 (I am expecting 9:30am GMT news to shoot the price to this target. Only time will tell)
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,569
  • Jun 17, 2008 2:27am Jun 17, 2008 2:27am
On the EU 4 hr chart it looks like there could be resistance on 89 and 200. I will wait for the 4 hour candle to close to see if it closes above or below the 89 and 200. There are lower highs and were lower lows leading up to this recent rally.
Enter 1.5530 My stop loss would be 1.5590 based on resistance of June 11. Which would be a SL of about 60 pips.
So I'm looking for a TP of 1.5470 or lower to keep R/R correct.

If candle breaks through the 89 then scrap this and look to go long?
  • #15,570
  • Jun 17, 2008 3:52am Jun 17, 2008 3:52am
Quoting ejiexe
Does anybody see morning star on GU 4 HR chat?????
Yes it is exactly on 200 and 89. The trend look strong so I am expecting the move to continue.

enter @ 1.9678
SL @ 1.9622 below 200 and 89 (Though, to high but I will move to BE ASAP. I will manage and watch the trade closely). I don't want to be eaten by the worm.
TP1 1.9699
TP2 @ 1.9726
TP3 @ 1.9750 (I am expecting 9:30am GMT news to shoot the price to this target. Only time will tell)
Waooooo. 4 pips to my TP1. 365 proved stubborn this time. I closed manually @ 1.9693 and moved other lot to 1.9645. It was stopout with -ve pips. (gain 15 pips and loss 33pips) = -18 pips. I just paid overhead cost. Waiting for anther opportunity.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,571
  • Jun 17, 2008 4:22am Jun 17, 2008 4:22am
Quoting Morelands
Here is the written copy of "Introduction for Newcomers", post 15519 on page 1035
thx man
Lazy Forex
  • #15,572
  • Jun 17, 2008 4:29am Jun 17, 2008 4:29am
Nicely managed trade .

Quoting ejiexe
Waooooo. 4 pips to my TP1. 365 proved stubborn this time. I closed manually @ 1.9693 and moved other lot to 1.9645. It was stopout with -ve pips. (gain 15 pips and loss 33pips) = -18 pips. I just paid overhead cost. Waiting for anther opportunity.
  • #15,573
  • Jun 17, 2008 4:59am Jun 17, 2008 4:59am
Quoting Palmer
TradeStar:

BladeRunner is a compliment strategy to the 4hr method when rhythm is really strong and price is running on the 8em. The 1hr can give a few opportunities to enter that trend. It's a really simple concept but takes a little time to manage.

I'm wrapped up in meetings today and all day Tuesday as well. Busy busy busy...back on Wednesday...

Trade well...
Thank you Palmer and Song Kim. I will checkout the blog.

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #15,574
  • Jun 17, 2008 5:04am Jun 17, 2008 5:04am
Quoting ejiexe
Waooooo. 4 pips to my TP1. 365 proved stubborn this time. I closed manually @ 1.9693 and moved other lot to 1.9645. It was stopout with -ve pips. (gain 15 pips and loss 33pips) = -18 pips. I just paid overhead cost. Waiting for anther opportunity.
CPI is very worst for UK.Oppotunity to sell short GU
I sell GU at 19634,take profit 42 pips.
Wou,it downs to 19516...
Hix hix
Vietnamese Trader
  • #15,575
  • Jun 17, 2008 5:22am Jun 17, 2008 5:22am
there is some possibilities to go short .whay do u think people?could it be a good trade?
Attached Image (click to enlarge)
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  • #15,576
  • Edited 5:38pm Jun 17, 2008 7:28am | Edited 5:38pm
hello folks took the following trade at my 08:00 candle

price poke thru my daily trend line returned and then started to head north
at 0800 i saw the zero break which was proceeded by a 1 hour zero line break and a 3 rd green macd bar
i set my TP just below the inside higher tail as i see resistance at 108.76
SL put just below the 21 day.
Any comment critiques welcomes thanks in advance
scottyd


edit
folks could really use apostmortem on my trade.
I have revisited the charts and still liked the setup but the result obviously wasn't what i expected.
My confidence is a little shaken and could use some harsh honest criticism. I figure airing my loses the pain plus the public objective feedback may highlight things i am missing thanks in advance
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  • #15,577
  • Jun 17, 2008 8:09am Jun 17, 2008 8:09am
Here is a written copy of the Backtesting mp3.
Attached File(s)
File Type: doc backtesting.doc   28 KB | 728 downloads
  • #15,578
  • Jun 17, 2008 8:58am Jun 17, 2008 8:58am
Quoting Palmer
TradeStar:

BladeRunner is a compliment strategy to the 4hr method when rhythm is really strong and price is running on the 8em. The 1hr can give a few opportunities to enter that trend. It's a really simple concept but takes a little time to manage.

I'm wrapped up in meetings today and all day Tuesday as well. Busy busy busy...back on Wednesday...

Trade well...

hello Plamer or anyone who understand about bladerunner,

what does it mean by 'when the rhythm is constant +2 on 4 hrs charts'?

Thank you in advance,

Pete.
  • #15,579
  • Jun 17, 2008 1:35pm Jun 17, 2008 1:35pm
nice triangle during my sleeping time in the midnight.no pull back to broken TL even in M5 TF and H1 close was very high .i think there was no chance to trade this nice breakout .
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #15,580
  • Jun 17, 2008 1:36pm Jun 17, 2008 1:36pm
When price closes above 89SMA it is still in a bullish market so we describe it as +1. But when price closes above 89SMA and the 8EMA the market is even in a stronger bull, therefore we describe it +2. And vice versa, when the price closes below the 8EMA and the 89SMA the current market rhythm is -2 bearish.
This might confuse you a little first, but when you go to Palmer's website: www.fxtradeblog.com go to The Method and click on Market Rhythm and you will see how simple to understand this is with graphs included.
So before I make you more confuse, go and check it out.

Song,
Diligence is the mother of good fortune!
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