4 Hour Strategy (MACD) | Page 10 | 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)

  • #181
  • Feb 5, 2007 7:36am Feb 5, 2007 7:36am
Quoting pipmy4x
Look like a short might be coming on
Thank you.
Also, I like your quote.
Intellectuals solve problems; geniuses prevent them."-- Albert Einstein

Can we expand it like this?
Intellectuals solve problems; geniuses prevent them; Politicians create them to keep intellectuals and geniuses employed.



  • #182
  • Feb 5, 2007 7:37am Feb 5, 2007 7:37am
  • #183
  • Feb 5, 2007 8:04am Feb 5, 2007 8:04am
Round Bottom coming...?
  • #184
  • Feb 5, 2007 10:02am Feb 5, 2007 10:02am
Thank you for sharing 100&100&100:s of hours hard job!
Well done dear Phillip!
Good luck and wish you the best!
  • #185
  • Feb 5, 2007 10:08am Feb 5, 2007 10:08am
Quoting fnmdx
Round Bottom coming...?
Where? I mean what pair you are seeing round bottom coming,
Thanks.
-Chandra
  • #186
  • Feb 5, 2007 10:14am Feb 5, 2007 10:14am
Quoting Chandra
Yes, I understand your points. By the way, the "Trend Continue" signal can be taken and it can use the "Higher Low" or the "Lower High" signal as exit if no other exits are available/defined earlier. (Philip, pardon me if I am trying to use your entry signals for exiting. In fact, this exit I am talking about is in addition to your well-proven exits of MAs, Trend lines and Price levels, just in case we need additional one).
Your observation of divergence is very good and the divergence is a very strong confirmation.
Thanks for this meaningful discussion.
-Chandra
We have ADSL connection problems. Working on Mobile GPRS. Takes ages to load a page. Will give some more info when up and running.I like the interaction that is happening. Keep it up.
When a round top is busy to form (in an uptrend) and the price is above the 21 and 8EMA the possibilty for a continiuation is also on the deck. I will only take the round top if there is enough to the 21EMA because in a trend the price tend to retrace to the 21EMA and then continue its path. Allways work out your risk:reward to see it it is worth it. No problem to use the round top after a good run as an exit and then the continiuation pattern as re-entry unless it is a lower high.
  • #187
  • Feb 5, 2007 10:14am Feb 5, 2007 10:14am
Hi Phillip (or any trader),
It is 11:11 AM EST. Can you look at AUS/USD and commet on it please? Thanks.
-Chandra
  • #188
  • Feb 5, 2007 10:19am Feb 5, 2007 10:19am
Quoting Phillip Nel
We have ADSL connection problems. Working on Mobile GPRS. Takes ages to load a page. Will give some more info when up and running.I like the interaction that is happening. Keep it up.
When a round top is busy to form (in an uptrend) and the price is above the 21 and 8EMA the possibilty for a continiuation is also on the deck. I will only take the round top if there is enough to the 21EMA because in a trend the price tend to retrace to the 21EMA and then continue its path. Allways work out your risk:reward to see it it is worth it.
Great Phillip! Thanks a lot.
Please give us more information on this subject once your connection problem is resolved (I hope it be done soon).
Thanks again.
-Chandra
  • #189
  • Feb 5, 2007 10:22am Feb 5, 2007 10:22am
Chandra

Aud/USD is a high spread trade on my platform (10), so be aware of that before placing a trade on that pair (really messes up money management and price level to look at). I stopped trading it because of that.

Looks like EUR/YEN may be coming into play soon. Long term trend line, far away from ma's, touching/over the -.45 MACD, and RSI is much below 20. Thoughts?

Didn't quite get the EUR/USD sign this past candle either...... but it's hitting resistance on long term TL, double bottom, with a low tail/shadow the previous candle, and RSI is well down too. Thoughts?



Quoting Chandra
Hi Phillip (or any trader),
It is 11:11 AM EST. Can you look at AUS/USD and commet on it please? Thanks.
-Chandra
DireXiv Make it happen, no one else is going to do it for you...
  • #190
  • Feb 5, 2007 10:52am Feb 5, 2007 10:52am
Quoting Chandra
Hi Phillip (or any trader),
It is 11:11 AM EST. Can you look at AUS/USD and commet on it please? Thanks.
-Chandra
Does not have a feel for this pair. I had a quick look and I will change the MACD settings to 8,21,1 to give it a smoother motion. Have a look and tell me what you think. The current movement is to much around the zero. Makes me nervous.
  • #191
  • Feb 5, 2007 10:56am Feb 5, 2007 10:56am
Hello Phillip,
I am trying to draw MACD for a pair containing JPY. I think the levels (-0.0015 to +0.0045) needs to be adjusted to (0.15 to 0.45). This is only for pairs made with JPY. Please confirm.
Thank you so much.
-Chandra
  • #192
  • Feb 5, 2007 10:59am Feb 5, 2007 10:59am
For those that send e-mails. I will answer them as soon as my ADSL is sorted out.
  • #193
  • Feb 5, 2007 11:13am Feb 5, 2007 11:13am
Quoting Chandra
Hello Phillip,
I am trying to draw MACD for a pair containing JPY. I think the levels (-0.0015 to +0.0045) needs to be adjusted to (0.15 to 0.45). This is only for pairs made with JPY. Please confirm.
Thank you so much.
-Chandra
That is right
  • #194
  • Feb 5, 2007 11:25am Feb 5, 2007 11:25am
I noticed 2 signals since last night.

One was a zero bounce on USDJPY at 9pm est yesterday
Another was small V-top on USDCHF at 9am est this morning.

Both seem to be working out well.
  • #195
  • Edited 12:05pm Feb 5, 2007 11:54am | Edited 12:05pm
Quoting Chandra
Where? I mean what pair you are seeing round bottom coming,
Thanks.
-Chandra
Phil,

Do EUR/USD can qualify as Round Bottom now, or have to wait for present candle to close?
  • #196
  • Feb 5, 2007 12:15pm Feb 5, 2007 12:15pm

I want to show you something very important. When a breakout of a pattern is about to occur the smart money(institutions like banks, Etc) have already position themselves accumulating at zone A. When the breakout occur at point 1 the breakout orders are triggered around zone B and the price goes up as people are prepared to follow the breakout. The orders then dry up and the price slow down. If this is a true breakup the price will return to the breakout level 3 and then go up again. Why is it like that. After the breakout occurred and the price went up the smart money puts there orders just above the breakout level. When the orders at higher levels dry up the price will eventually go to where the massive orders is lying and that is zone C. That is where the demand is at that stage and it is there where the stoplosses are taken out. And that is where the MACD gives it continuation pattern normally with a round valley and a certain profit is on the cards.




If the price pulls back below the trendline the MACD does not show any direction change and just continuous. The direction will be down as the orders below the trendline is short orders. If I see something like that happened I take the odds on that it was a false breakout and that the direction will be in the opposite direction of the breakout. Just another high probability trade.
Attached Image
  • #197
  • Feb 5, 2007 12:35pm Feb 5, 2007 12:35pm
Quoting fnmdx
Phil,

Do EUR/USD can qualify as Round Bottom now, or have to wait for present candle to close?
Unfortinately it is the close of the candle.
  • #198
  • Feb 5, 2007 1:28pm Feb 5, 2007 1:28pm
hello phil
first I wana till u how much this strategy is work with me so grate. ... and dona know how to thank you
I start use it on gbp/usd & eur/usd on my live account this days
and I think it's good with me
I use some alert indicators with it just to be sure
like >>>> macd 2 lines -5 bar reversal - trend signal - wolf
:::::::::::::::::::::::::::::::
I just need some training with it
if u plz I need your opinion now on Gbp/usd

and is there a divergence on it
If you count on hope in any trade ……. Get out of it
  • #199
  • Feb 5, 2007 1:44pm Feb 5, 2007 1:44pm
Hi Phil,
Thank you for sharing the experience, your method definitely is worth of studying. Did you try to program it as an automatic trading system or buy/sell signal generator?
Ben
  • #200
  • Feb 5, 2007 2:29pm Feb 5, 2007 2:29pm
Eur/Usd looks round right now, I'm gonna wait a bit before i jump on.

I've decided I'm going to move my stop up to a 50 pip stop... 30 pips just isn't enough.
11 traders viewing now