4 Hour Strategy (MACD) | Page 783 | 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)

  • #15,641
  • Jun 20, 2008 12:00pm Jun 20, 2008 12:00pm
Quoting Snoop Dogg
Ok i know Phillip Said that we should wait till the end of the 4 hour candle. But if we have a look at the EU - There is a candle with a long tail just at a trend line - seems like an OK RR ratio as well. Phillip I wonder what you would think about that?
No need Phillip to answer you, I just can tell you Not to Enter, according to my bad experience. Even MACD of 4h chart haven't become red yet, so it is not the time to say the bullish trend has been exausted yet, if you want to trade pin bar, you also must wait this candle is over and see the pattern whether fit the rules to enter.
Be patienct and more displine
Plan your trades and trade your plans
  • #15,642
  • Jun 21, 2008 6:51am Jun 21, 2008 6:51am
JUst want to thank Saka and Phillip for the effort yo have put into this thread.... Takes a certain type of person to do that!
Time hides Nothing
  • #15,643
  • Jun 22, 2008 9:16am Jun 22, 2008 9:16am
My platform breaks the 4hr candles at a different time so i missed this opportunity. as you can see here....
Attached Image (click to enlarge)
Click to Enlarge Name: missed euro.gif Size: 20 KB


By the time i got my TC i was already above the 200sma and risk/reward was not so good being so near to the previous high and stop would have to place so far below.......oh well there will be other chances.......pipip.....Jimdandy

Had i been paying attention I probably could have gotten in on the 1hr chart....
  • #15,644
  • Jun 22, 2008 7:26pm Jun 22, 2008 7:26pm
Quoting Baggles
I like your graph Bil2205, clean neat and it looks like it can predict the future!. Also it has the weekly pivot and R and S lines. Which indicator is that? Can you point me in the right direction to find it.

Realizing I have a long way to go to be comfortable with this system. My analysis gave me 30 pips or so, when I could have taken 150+, if I had taken the trade at all.

Do you redraw trend lines each day, or each week?

Also, if you miss the signal by a candle, when is it too late to take the odds on? You'd still be a happy person if you took this one on 6 hours after the MACD signal.

Learning lots from you all, but especially you Phillip. You think you understand the system, then realize you only got a part of it. It's like your learning curve has a 50% fib retracement.

Enjoy the week end.
Sorry for late reply. I really like your reference to the learning curve with a fib retracement. i think we all go through it .
I draw my trend lines beginning of the week and update them daily. since price motion changes every day it is important to keep up with the trend, but also keeping the major trend lines from the bigger time frames like the monthly, weekly and daily intact since they can act as support / resistance and profit targets and stop loss. But the intraday trend lines are updated everyday.

I have my own set of rules that if i miss an entry i stay out because i dont think i am experience enough to make a late entry on a retracement. If the pair moves X amount of pips later so be it . when i think i am capable of taking a more comlex trade on i will. But for now i take the trade if i am present at the time of of the set up.

Here is the Indicator i use for supp / res and pivots. i update it sundays and monday and if the text & lines look a little mixed up. just attatch it to the chart again and it updates ina few seconds.
I hope this answer your questions. Please let me know if i can help in any way.
Trade well.
Nadia.
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 564 downloads
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #15,645
  • Jun 23, 2008 12:25am Jun 23, 2008 12:25am
Quoting saka
GU is approaching an important area where it is about to go back its bearish way to crack 1.9300 area where the horizontal line of big descend triangle is. I use weekly, daily and 4h chart to show you the reason.


4h chart. What we should do is to open a structral short position in appropriate 4h opportunity.
Attachment
Ok,Saka.I agree with u.I see signal to short GU,MACD 4H come back zeroline.
Home loans in UK is still very bad
UK Rightmove price fell 1.2%,1.98 is R1
VietNamese Trader.G day anhd G trade
  • #15,646
  • Jun 23, 2008 4:02am Jun 23, 2008 4:02am
Quoting saka
GU is approaching an important area where it is about to go back its bearish way to crack 1.9300 area where the horizontal line of big descend triangle is.
Great analysis Saka. Thank you for explaining the charts.
  • #15,647
  • Jun 23, 2008 6:53am Jun 23, 2008 6:53am
nice analysis saka..


The EU is at an interesting area. MACD at the zero line, price is at the 89 and 365. Zooming out we see the EU in a downtrend. With the oil gods meeting over the weekend and still the talk of a stronger dollar needed. I'm thinking we may continue downwards. No big news on the calendar so it may take some kind of spark to move...
Attached Images
  • #15,648
  • Jun 23, 2008 7:48am Jun 23, 2008 7:48am
I took a clue from the 5min chart when the ADX was showing strength on the downward side and sold three. Out with 50, holding one right now...
Attached Image
  • #15,649
  • Jun 23, 2008 8:02am Jun 23, 2008 8:02am
Quoting Palmer
I took a clue from the 5min chart when the ADX was showing strength on the downward side and sold three. Out with 50, holding one right now...
i had the same trade , and closed at 5475 (the lower TL).
i was looking for a sell opportunity after the strong TL broken down and H4 closes below 8,21,89 and 200 .and i find it in M30 chart
(sorry all ,if it is not related to this system)
Attached Image (click to enlarge)
Click to Enlarge Name: ee.gif Size: 16 KB
  • #15,650
  • Jun 23, 2008 8:07am Jun 23, 2008 8:07am
Saka,
I used the info you posted to short the GBP. I'm currently up 152 pips.
Thanks man.
  • #15,651
  • Jun 23, 2008 8:11am Jun 23, 2008 8:11am
Thank you palmer, but I still feel a little upset, due to tight SL

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 229 KB

You can see from gu 5min chart, capital A. This is 1st big retrace. I set sl at A which is 1.9670, but price just touched it and kicked me out, now you can see it went down consquently. If I hadn't been kicked out, I still would be out at captital B, because the double bottom/top of 5min ususlly the signal of trend exauseted. I have no idea that I only entered with 1 lot(0.1 lot), if I have even 2lot, I won't out with remainder lots. So, it is not easy to trade with little capital. I think what makes me a little is the setting of TP, another important aspect of 4h strategy to study.
Plan your trades and trade your plans
  • #15,652
  • Jun 23, 2008 8:45am Jun 23, 2008 8:45am
Quoting Hookem28
Saka,
I used the info you posted to short the GBP. I'm currently up 152 pips.
Thanks man.
oh, man, you are another guy who read my anaylsis and gain lots of pips and thanks me whilst I only got a little. But I alos meet lots of occasions where I set large sl and the price retraced and kicked me out. Deciding when to quit is absolutely a problem for me
Plan your trades and trade your plans
  • #15,653
  • Jun 23, 2008 8:58am Jun 23, 2008 8:58am
I'm definitely no expert on when to exit trades that have run a long ways either.
I have my stop above the 21 MA on the 15 minute charts, but there are multiple resistance lines around 1.9570 if it makes it.
Would love to hear more from Phillip on how he exits big trades like this.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 15 min.gif Size: 19 KB
  • #15,654
  • Jun 23, 2008 9:00am Jun 23, 2008 9:00am
Your analysis is spot on though Saka. I'd love to give you sound advice so you too can benefit from your analysis, but I'm way behind you in knowledge.

Looking at the 4hr EU, we've just broken zero, so watching for a bounce or a continuation of a move away from the 89. Either way, it's time to turn in and I'll watch this one after the fact, again. Someone, I hope, will see the set-up, post it, and then you can get your pips Saka.

One of Philips suggestions comes to mind: Back test the system for the times you have access to trade. See how successful it would be during those hours.
  • #15,655
  • Jun 23, 2008 9:13am Jun 23, 2008 9:13am
Quoting Baggles
One of Philips suggestions comes to mind: Back test the system for the times you have access to trade. See how successful it would be during those hours.
You are right, what I think about is to enter with more lots, thus I can use % management to quit.
Plan your trades and trade your plans
  • #15,656
  • Jun 23, 2008 10:25am Jun 23, 2008 10:25am
saka: The important thing here is that you recognized the correct side of the trade to be on. And, as well as you have been trading lately, looks like you can widen your stops a little soon

bsh: We're still on the same wavelength my friend!

hookem28: You'll never go broke taking a profit!
  • #15,657
  • Jun 23, 2008 10:49am Jun 23, 2008 10:49am
Quoting Palmer
saka: The important thing here is that you recognized the correct side of the trade to be on. And, as well as you have been trading lately, looks like you can widen your stops a little soon
Dear Palmer, I just want to trade a long-term trade just like what you did in this eraly year of eu. The other side is if you trade 2lots with both 20pips TP of TC trade, you will have most profit, so this is absolutely a dilemma

I remember you also said that you have meet lots of cases that you set a large sl when got some profit and think this time would be a big trend, and resulted in blow out. It seems that it is hard to use 4h strategy to trade long-term trend. And you are the only one have done this
Plan your trades and trade your plans
  • #15,658
  • Jun 23, 2008 1:28pm Jun 23, 2008 1:28pm
does any one backtest usdcad?it breaked down the 89 and pulled back to it and now wanna go down.if it was eurusd i'd have no doubt to sell but i dont know how usdcad acts .
Attached Image (click to enlarge)
Click to Enlarge Name: ee.gif Size: 21 KB
  • #15,659
  • Jun 23, 2008 1:33pm Jun 23, 2008 1:33pm
Quoting saka
Dear Palmer, I just want to trade a long-term trade just like what you did in this eraly year of eu. The other side is if you trade 2lots with both 20pips TP of TC trade, you will have most profit, so this is absolutely a dilemma

I remember you also said that you have meet lots of cases that you set a large sl when got some profit and think this time would be a big trend, and resulted in blow out. It seems that it is hard to use 4h strategy to trade long-term trend. And you are the only one have done this
Hey saka:

That long 866 pip trade just happened to keep going. I entered on a 1hr bounce off the 4hr 89 with a normal stop and profit target. Simply put, price never really looked back and just kept going. I wasn't bottom fishing or anything like that, price just ran and I let it run. I don't think that entry ever even went negative. I just got in at the start of the rhythm AND when oil prices started to surge. I think the majority of the long runs on the 4hr using a 'normal' stop should be closer to 200 to 300 pips...
  • #15,660
  • Jun 23, 2008 5:10pm Jun 23, 2008 5:10pm
Just a few notes here on trading the 1hr charts....

Take note of the 4hr and how price has some resistance ( last few price bars ) to break through to the upside and how the 1hr shows the same resistance. I do have a longer term short bias but the EU might be setting up for a quick pop to the upside. If the 1hr gives a bullish bar through resistance it might be worth a few to the upside. A strong 1hr bull bar could be the trigger. The 5min has been channeling for about the past 5 hours so that might be worth watching for an early breakout. Pay no attention to the ADX here, I use that on the 5min only. We're right at the 89 on the 4hr too so this pair is in 'decision mode'...

Just thinking out loud here...
Attached Images
6 traders viewing now