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4 Hour Strategy (MACD)

  • #15,861
  • Jul 2, 2008 7:32pm Jul 2, 2008 7:32pm
Hi Phillip,

Wonderful trading !!

Keep going.

SRILOBA
Being a fxtrader is not easy. Ones must working hard.
  • #15,862
  • Jul 2, 2008 10:33pm Jul 2, 2008 10:33pm
Price closed below 21. Move above it and close below 21 again with TC. A move to 89 is an anticipation. Meanwhile, I don't see it going to 89 in a single move.

sell GU @ 1.9908
SL @ 1.9925 above daily pivot; TP1 @ 1.9879, TP2 1.9861, TP3 @ 1.9832.

I will move to BE as soon as possible.
Attached Image (click to enlarge)
Click to Enlarge Name: GUU.jpg Size: 250 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,863
  • Jul 2, 2008 10:46pm Jul 2, 2008 10:46pm
Quoting ejiexe
Price closed below 21. Move above it and close below 21 again with TC. A move to 89 is an anticipation. Meanwhile, I don't see it going to 89 in a single move.

sell GU @ 1.9908
SL @ 1.9925 above daily pivot; TP1 @ 1.9879, TP2 1.9861, TP3 @ 1.9832.

I will move to BE as soon as possible.
i enter after retracement because i'm afraid nfp news will make market unstable, and don't like that big candle up and down.

sell 19918
sl 19945
tp 19863
trailing 20
Attached Image (click to enlarge)
Click to Enlarge Name: mytrade.png Size: 13 KB
  • #15,864
  • Jul 2, 2008 11:08pm Jul 2, 2008 11:08pm
Quoting poplar
i enter after retracement because i'm afraid nfp news will make market unstable, and don't like that big candle up and down.

sell 19918
sl 19945
tp 19863
trailing 20
Nice one too. The candle after the signal candle open @ 1.9902 and that is entry point if the signal candle is not too big. So mine is also at retracement and entered when the price started coming down.
Meanwhile, there are some time when you will not even see any retracement before the market continue it way. It all depends on the momentum.

The market is quite now and can be frustrating sometimes because you may be thinking whether to close the market because is not moving in your directions for several hours. It will surely move. Let just be patient, plan your trade and trade your plan (Saka).

Also remember that we have seen LH and LL, so I am expecting 89 to be under attack.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,865
  • Jul 2, 2008 11:27pm Jul 2, 2008 11:27pm
Quoting ejiexe
Nice one too. The candle after the signal candle open @ 1.9902 and that is entry point if the signal candle is not too big. So mine is also at retracement and entered when the price started coming down.
Meanwhile, there are some time when you will not even see any retracement before the market continue it way. It all depends on the momentum.

The market is quite now and can be frustrating sometimes because you may be thinking whether to close the market because is not moving in your directions for several hours. It will surely move. Let just be patient, plan your trade and trade your plan (Saka).

Also remember that we have seen LH and LL, so I am expecting 89 to be under attack.
already out for 20, when i see in 5M very fast movement it make me nervous. not very sure because of nfp, better take small profit.
  • #15,866
  • Edited Jul 3, 2008 8:13pm Jul 2, 2008 11:41pm | Edited Jul 3, 2008 8:13pm
Quoting badthriller
I have incorporated The CODE formula in this strategy and it's doing better
Have a look http://thecode.thefxcode.com
You're selling something here. Did you know that it is against the rule of the forum? You can get pawn by admin
  • #15,867
  • Jul 3, 2008 3:22am Jul 3, 2008 3:22am
This morning a very choppy market , trading range between 1.5884 and 1.5871. No trading setup, out of the market, waiting...
  • #15,868
  • Jul 3, 2008 3:53am Jul 3, 2008 3:53am
Quoting Phillip Nel
I have done my 100th trade since posting it from Oct2007.
Only 9 losses

I was not in the forum for a while......
Way to go !!!!!!!!

Regards and respect to all fellow traders

B.
  • #15,869
  • Jul 3, 2008 5:23am Jul 3, 2008 5:23am
Anyone, what factor(s) do you consider in trading against the trend using this strategy?

thanks
  • #15,870
  • Jul 3, 2008 5:46am Jul 3, 2008 5:46am
Hello, Does anyone here trade with Alpari UK platform. Any comments on how they are,
Thanks.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #15,871
  • Jul 3, 2008 6:13am Jul 3, 2008 6:13am
Hi BIL2205,

I like to trade with Alpari UK metatrader for my analysis and my broker is Fxsol.

It seems for now a perfect combination.


SRILOBA
Being a fxtrader is not easy. Ones must working hard.
  • #15,872
  • Jul 3, 2008 6:44am Jul 3, 2008 6:44am
Quoting sriloba
Hi fellowS traders,


Can anyone show me how to post a chart in the forum. Because I like to share my opinions on the 4 hour macd strategy. Now I trade for the living with this system very success, . Thank to master Phillip.

I'm from Canada.

Au revoir

SRILOBA
Congratulation Sriloba,
I wish I can trade for living just like you one day.

Goodluck,

Pete
  • #15,873
  • Jul 3, 2008 6:48am Jul 3, 2008 6:48am
Quoting BIL2205
Hello, Does anyone here trade with Alpari UK platform. Any comments on how they are,
Thanks.
Hi,

I have been with Alpari UK for about six months (Live account) & they seem good so far. No major issues at all.

Hope this helps.

Aftab
  • #15,874
  • Jul 3, 2008 6:55am Jul 3, 2008 6:55am
Thankyou for your response on Alpari. I appreciate it.
Nadia.
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #15,875
  • Jul 3, 2008 6:57am Jul 3, 2008 6:57am
Hi fellow traders,

Now, price trades below the 21 ema and finds support at the 55 ema and probably retraces to the 21 ema then goes to 89 sma according to the rules.

I wait for the retracement to the area of the 21 ema and probably I will initiate a short trade for target to 89 sma.

See all of you later


SRILOBA
Being a fxtrader is not easy. Ones must working hard.
  • #15,876
  • Jul 3, 2008 7:32am Jul 3, 2008 7:32am
Quoting sriloba
Hi fellow traders,

Now, price trades below the 21 ema and finds support at the 55 ema and probably retraces to the 21 ema then goes to 89 sma according to the rules.

I wait for the retracement to the area of the 21 ema and probably I will initiate a short trade for target to 89 sma.

See all of you later


SRILOBA
Which pair are you talking about there, SRILOBA?
  • #15,877
  • Jul 3, 2008 7:36am Jul 3, 2008 7:36am
Hi Pete,

Thank you.

I started to learn a forex since October 2005. I bought a course from Forexmentor (Peter Bain). I read every thing written on forex : how to read a chart properly, do a top down analysis, Steve Nison books on candlesticks, Mark Douglas book on Trading in the zone, Chris Lori courses and others professionnal traders books. After learned all those systems which were wonderful but I feel I'm still miss something for my trading career. In the past, I had a big problem to determine a trend. I traded counter trend all the time. I blew my account twice. So I stop trading for a while and start to look a system that fits for my style. So, I ask myself what kind of system is better for me. I like the moving average for determine the trend in a specific period. So God lead me to forexfactory and found a 4 hour macd system written by Phillip Neil since a year. I was happy to grab on the documents for free so I started serously learning the 4 hour macd system. Now, I am very successful to trade with this system.

Long story just to prove that I love to trade as my home commission based bussiness.

SRILOBA
Being a fxtrader is not easy. Ones must working hard.
  • #15,878
  • Jul 3, 2008 7:38am Jul 3, 2008 7:38am
Hi hijackxx,

I trade only eur/usd since 2 years.



SRILOBA
Being a fxtrader is not easy. Ones must working hard.
  • #15,879
  • Jul 3, 2008 7:53am Jul 3, 2008 7:53am
Let watch 55 sma on both EU and USDCHF. 89 may not be under attack for now. Just watch because that level concide with the lower and upper trend line respectively.

I hope this help someone out there.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,880
  • Jul 3, 2008 7:58am Jul 3, 2008 7:58am
Hello here is a written copy for Post # 15822/ page #1055.
Daily Wrap up July 1st 2008.
Thanks.
Attached File(s)
File Type: doc daily wrap up july 1st.doc   5 KB | 465 downloads
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
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