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4 Hour Strategy Macd+other Indicator 21 replies

average true range for 1 hour and 4 hour charts 2 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)
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4 Hour Strategy (MACD)

OK Thank you Saka

Good trading
Time hides Nothing
TC just above channel high and 1.5800 level and no real pullback.
Looks too risky to me.
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Quoting islandtrader
TC just above channel high and 1.5800 level and no real pullback.
Looks too risky to me.
Uptrend channel established beautifully where supports and resistance are at an equal distance, however, I found it hard to get in an entry position. Hope there will be easier entry position later on.
Quoting hijackxx
Hi everyone!
I'll be starting to post my analysis later on
It's been awhile since my last post months ago. I was appointed to be the head of a sport event in college, consequently, I decided not to trade in April & May.
Started to trade again at the end of last month, however, didn't post anything to the thread until I stick to the rhytm again. A good month for me, so I think I'm ready to get back here.
Let's Rock On!
hiiii
welcome back
Quoting CindyXXXX
Hi just a question about the line levels - the MACD levels are different for each pair and each TF. Is there anywhere in the thread that lists the different level setting (15, 30 , 45) for the different pairs and Time frames

cheers
Hi CindyXXXX,

Unless there was a change in the past few months that I am unaware of, the levels used are consistent for all pairs except JPY and are the same for all TF. Saka is right that they are used as guides for oversold/overbought -- to give you a little more info and a possible heads up. One thing to be aware of, if the market is trending strongly, the MACD will show consolidation rather than trend reversal when a RT/RB is evident at the extremes. The best thing to do is go back through your charts and study past price patterns w/MACD signals/levels -- this will help you develop a feel for what is being "said" by the candles and indicator. Also, make sure you backtest to learn how well you are reading the charts and hone your skills before putting real money on the line (it is a great excercise to help you identify what works best for you and can help you see how a live trade should feel -- calm and stressfree -- this is the mental state I've been trying to recreate when I trade live -- the more I study my feelings while backtesting, the easier it is for me to stay calm live -- may be a leap and is very difficult, but a worthwhile effort).

TO HIJACKXX,

WELCOME BACK!!!! Look forward to reading your posts again! Glad to hear you have been trading super lately!!!!

Lets prepare for an interesting week ahead -- Trichet has a lot on the line this week!

Happy trading,
Pips
Please people are saying that your system is good, kindly tell me how I can access it because I ha ve tried but to no avail i only saw the table of contents, kindly assisst me
Quoting jidegold
Please people are saying that your system is good, kindly tell me how I can access it because I ha ve tried but to no avail i only saw the table of contents, kindly assisst me
Hello, Welcome to the Forum. The first post in the forum Explains it all.

"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."

This is from the actual post by Phillip on page one.
There is a table of contents . Correct. They are not clickable links that will lead you to the post. BUT it is a very comprehensive list of Important Mp3s. Lessons and written Documents . There is a page and post number infront of it which you have to look for within the same forum. hope this help you.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
My trades for June2008.
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hi there,

i decided to take this trade this morning and got burnt i was wondering where i actually went wrong as it was according to the rule. please any insight will be very much appreciated.

I saw a lower high on Macd
A divergence of price action
An inside candle @ 00.00hr
price was at the upper channel trendline (possible turn around)
price was being resisted at 1.5800 price level (historical resistance level)
took a short at 1.5777
sl @ 1.5817
tp @ 1.5711 @ 21 ema
r:r 1:1

pleas could you advise on where i went wrong?
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"Forex is like a bitch every trader must marry one"
Quoting don_tgomez
hi there,

i decided to take this trade this morning and got burnt i was wondering where i actually went wrong as it was according to the rule. please any insight will be very much appreciated.

I saw a lower high on Macd
A divergence of price action
An inside candle @ 00.00hr
price was at the upper channel trendline (possible turn around)
price was being resisted at 1.5800 price level (historical resistance level)
took a short at 1.5777
sl @ 1.5817
tp @ 1.5711 @ 21 ema
r:r 1:1

pleas could you advise on where i went wrong?
Hi Don,

I took a very similar trade today, only I closed the trade above the 8 at 1.5731 because of the uptrend and the countertrend. Are you still in this trade at BE? If so, you are currently in positive pip territory and the MACD is still moving lower. The trade could still continue downward, but it is really going to depend on all the news coming out of Eurozine in a few hours. Overall, you didn't do anything wrong with your planning, other than skipping the importance of the 8 for a first TP, move to BE region.

Happy trading,
Pips

PS I guess I should ask if you took the trade after 10ish EST -- after the price failed to follow through w/the breakout and re-entered the upper TL -- Otherwise your stop was too close b/c of previous high and TL around 1.5840
Quoting don_tgomez
hi there,

i decided to take this trade this morning and got burnt i was wondering where i actually went wrong as it was according to the rule. please any insight will be very much appreciated.

I saw a lower high on Macd - It is OK

A divergence of price action - OK

An inside candle @ 00.00hr - if you use IB, you have to enter above/below high/low the bar.

price was at the upper channel trendline (possible turn around) - yes, but if you see, the price creeps there - no clear action, no clear high

price was being resisted at 1.5800 price level (historical resistance level) - why 1,58? That is closing price may be. We have there a resistance-area and the stop should be above it, but not 1 pip. The resistance levels/areas are not good for stop level (at least by this system)

took a short at 1.5777
sl @ 1.5817
tp @ 1.5711 @ 21 ema
r:r 1:1

pleas could you advise on where i went wrong?
looks like a legitimate 8 o'clock BOZ forming, also bounce from 21ema.
Any objections?
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Quoting islandtrader
looks like a legitimate 8 o'clock BOZ forming, also bounce from 21ema.
Any objections?
took it, will post later
enter at 1.5768, Stoploss 1.5730
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Success is the small sum of efforts, repeated day in and day out.
Looking at the Daily chart the resistance level 1.584 has been tested a few times and the last tails to it show that the bulls couldn't get a close above it. There are more bearish signs than bullish.
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Quoting luckytiger
Looking at the Daily chart the resistance level 1.584 has been tested a few times and the last tails to it show that the bulls couldn't get a close above it. There are more bearish signs than bullish.
yes, I was stopped out
Success is the small sum of efforts, repeated day in and day out.
Quoting luckytiger
Looking at the Daily chart the resistance level 1.584 has been tested a few times and the last tails to it show that the bulls couldn't get a close above it. There are more bearish signs than bullish.
I agree, I closed the trade at +7 after price stalled at pivot and showing some reaction, not good behavior from my side I think as it may throw me off good trades in future maybe....
Quoting dhalsim
yes, I was stopped out
Sorry to hear that!
I always look at the Daily chart because I got burned many times because I was ignoring them. I need to have a big picture view. If the daily is supporting the 4 hours then I consider it a good trade. If not I wait for more confirmation and enter later if indeed the trade is good.
And don't ignore the support and resistance levels especially when the price is ranging like the EU lately.

Trade well and there will be other trades to take! The month just began!
Quoting islandtrader
I agree, I closed the trade at +7 after price stalled at pivot and showing some reaction, not good behavior from my side I think as it may throw me off good trades in future maybe....
Now I always beleive that a BE or even better a plus trade is a very good one. It is very important to know when to let go a trade because we get emotionally attached to them (at least I did) and we really want them to work. But in the end we can control the market to go our way unless we are the big guys, which is not my case.

In my oppinion the EU is in a really narrow range (the blue rectangles) and it needs to get out of it but until then it will move up and down piercing both ends of the range. Very hard to trade right now.
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I agree luckytiger, also we have this trend line from April 23 to June 9 and yesterdays pinbar right there...
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