4 Hour Strategy (MACD) | Page 15 | 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)

  • #281
  • Feb 7, 2007 12:45pm Feb 7, 2007 12:45pm
hi everyone

I'm wondering what pairs people are applying this method to. i'm at my folks right now so i just have my laptop to work off of but i look forward to having multiple charts up when i return. are any of you looking at pairs other than the pound and euro and have had success with it?

This has been fun for us to discuss these as a group and share ideas and opinions. that's how we'll all grow to be independent traders is by sharing what we see and getting feedback from each other. I am on EST and don't get up for the london open so i'll miss those entries unfortunately for me.
  • #282
  • Feb 7, 2007 1:03pm Feb 7, 2007 1:03pm
Quoting Chandra
18:12GMT.
I rather seeing a round top than head & shoulder for GBP/USD. Can plan for a short with a sell stop order below 89 MA and the 200 MA could be the target.
Please comment, all of you, including Phillip.
Thanks.
-Chandra.
PS: If we type in/enter the time of our posting (in GMT), then it helps others to go and see the chart. Just an opinion,

Will wait for a candle to close below 89SMA. If there is room to the 200SMA I will enter.
  • #283
  • Feb 7, 2007 1:07pm Feb 7, 2007 1:07pm
Quoting irusoh
I noticed that often times a small round top (like about halfway below 15 level) results in continuation rather than reversal. Would you comment on that, please, Phillip.
Very interesting point! Can we generalize this observation by saying " any valid signals in the area of 0.0015 (+0.0015 to -0.0015) should be treated as less riliable? Phillip once said to watch out the signals near the zero line.
-Thanks.
-Chandra
  • #284
  • Feb 7, 2007 1:19pm Feb 7, 2007 1:19pm
Quoting Chandra
Very interesting point! Can we generalize this observation by saying " any valid signals in the area of 0.0015 (+0.0015 to -0.0015) should be treated as less riliable? Phillip once said to watch out the signals near the zero line.
-Thanks.
-Chandra
As it is said. Look at the candles to see any direction. Near the zero for some bars mean consolidation even if it is over a short period so wait for confirmation either continuation or break through zero.
  • #285
  • Feb 7, 2007 1:21pm Feb 7, 2007 1:21pm
Quoting Phillip Nel
Here are the last part of this 4Hour Strategy. Might get some reaction but that is how I see it. Hope it will be received positive. If you can manage the two parts together you will win.
Hi Phillip

Nice completion to your strategy. If i understand correctly, you're suggesting that we don't blindly follow just the MACD, that we use our other knowledge of the market such as location of MAs, candle patterns, sup/res etc to finalize our decision to enter a trade, oh and good money management.

This past summer i took all indicators off my charts because i was so buried in those that i wasn't looking at the most important thing, price itself.

Well put!
  • #286
  • Feb 7, 2007 1:28pm Feb 7, 2007 1:28pm
Philllip really great work you have done with this MACD trading system. Just wanted to get some feed back on the usdchf looks like a round bottom if this bull candle closed high "Morning star"
Attached Image
  • #287
  • Feb 7, 2007 1:40pm Feb 7, 2007 1:40pm
Just closed my long with +20 pips profit because I think the pair reached a strong resistence level and H4 MACD is forming a head-n-shoulders pattern. The left shoulder and half of head is clearly visible, will wait for the rest. I suppose, the Trichet's speech tomorrow at 8:30 EST may stimulate the reversal.
http://forexbarometer.com/graph/EURU...07-H4-MACD.gif
Ben
  • #288
  • Feb 7, 2007 1:40pm Feb 7, 2007 1:40pm
Hi Phillip

When looking at the usd/chf pair we see that price is bouncing from support with macd forming a round bottom.There is also enough space for the first tp. Would this be the setup you would be looking for?
Attached Image
  • #289
  • Feb 7, 2007 1:42pm Feb 7, 2007 1:42pm
Sorry supaq

Didn't see your question lol
  • #290
  • Feb 7, 2007 1:47pm Feb 7, 2007 1:47pm
Quoting Phillip Nel
You are absolutely right. That is why I said this morning that with support of 89SMA on the Gbp and also on the Eur we must wait for a possible trend continuation. The down move must be confirmed even if it takes another candle. The move is up between two trendlines therefore a continuation pattern was on the cards.

This the actual posting this morning for the Gbp. The same apply to any pair.
The setup starts to look promising. We are however just above the 89SMA which can turn out to be support. I will rahter wait for the continuation pattern for a long to occur or another down candle will confirm the downmove. There are plenty of chances. Be patience.
Phillip,
Glad you emphasized so strongly the importance of MAs particularly the 89MA and 200 MA. I see it clearly now!
Thank you.
-Chandra.
  • #291
  • Feb 7, 2007 1:50pm Feb 7, 2007 1:50pm
7:49 GMT

If it matters I got in this trade a bit early after the 1st upward candle (I tend to do that by "accident"). With my stop around the 365 EMA, I was able to stay in and not get stopped out. Finally it looks like it may start and complete the round top for a few pips. We'll see.

Quoting Ebenst
Hi Phillip

When looking at the usd/chf pair we see that price is bouncing from support with macd forming a round bottom.There is also enough space for the first tp. Would this be the setup you would be looking for?
DireXiv Make it happen, no one else is going to do it for you...
  • #292
  • Feb 7, 2007 1:55pm Feb 7, 2007 1:55pm
I also got in earlier but put my stop to tight. it was at previous low and i am looking to het back in again
  • #293
  • Feb 7, 2007 2:17pm Feb 7, 2007 2:17pm
8:14 GMT

Thoughts on EUR/YEN. It looks to be topping out at a strong TL, and the 89EMA, with a tall tail/shadow up, round forming at approximately teh .3 MACD level. But are the other ma's too close to get in at this point? Assuming this new candle ending in 4 hours closes correctly.

I know the 89 EMA is a big factor, but since it looks like it will be trending away from the 89 EMA that is a good signal right? If it was trending towards a closely related 89 EMA, that is a poor signal correct?

RSI is maxed out too FYI
DireXiv Make it happen, no one else is going to do it for you...
  • #294
  • Feb 7, 2007 2:22pm Feb 7, 2007 2:22pm
Check out all three yen pairs, that is: eyen, $yen, gbpyen, they all seem to be on upper trendline resistance. let's see what happens.
  • #295
  • Feb 7, 2007 2:28pm Feb 7, 2007 2:28pm
I noticed it on the USD/YEN, but the 8 and 21 ema's are too close to get in (I believe Phillip mentioned that on a previous post?) Please correct me if I'm wrong... or I'll keep using that as a guideline


Quoting endy
Check out all three yen pairs, that is: eyen, $yen, gbpyen, they all seem to be on upper trendline resistance. let's see what happens.
DireXiv Make it happen, no one else is going to do it for you...
  • #296
  • Feb 7, 2007 2:33pm Feb 7, 2007 2:33pm
Quoting DireXiv
I noticed it on the USD/YEN, but the 8 and 21 ema's are too close to get in (I believe Phillip mentioned that on a previous post?) Please correct me if I'm wrong... or I'll keep using that as a guideline
The situation slightly reminds 20/22 october (see your charts). So we will have to wait for the confirmation I guess.

Endy
  • #297
  • Feb 7, 2007 3:15pm Feb 7, 2007 3:15pm
Quoting DireXiv
8:14 GMT

Thoughts on EUR/YEN. It looks to be topping out at a strong TL, and the 89EMA, with a tall tail/shadow up, round forming at approximately teh .3 MACD level. But are the other ma's too close to get in at this point? Assuming this new candle ending in 4 hours closes correctly.

I know the 89 EMA is a big factor, but since it looks like it will be trending away from the 89 EMA that is a good signal right? If it was trending towards a closely related 89 EMA, that is a poor signal correct?

RSI is maxed out too FYI
I have a sell limet order on eur/jpy @157.35 >>> good point to get down from
If you count on hope in any trade ……. Get out of it
  • #298
  • Feb 7, 2007 5:00pm Feb 7, 2007 5:00pm
Quoting pipette4x
hi everyone

I'm wondering what pairs people are applying this method to. i'm at my folks right now so i just have my laptop to work off of but i look forward to having multiple charts up when i return. are any of you looking at pairs other than the pound and euro and have had success with it?

This has been fun for us to discuss these as a group and share ideas and opinions. that's how we'll all grow to be independent traders is by sharing what we see and getting feedback from each other. I am on EST and don't get up for the london open so i'll miss those entries unfortunately for me.
Hi Pipette4x,

I live in the Central time zone and also find it hard to trade the London session. I have tried this system on the USD/JPY pair and just this week I have taken 7 trades(some in my demo account and some live) and all 7 were winners. Also, most of these trades were taking in the evening around the beginning of the Asian session. One thing I have done is only set my pip goal around 20-25pips because there isn't usually a lot of action during this time like there is during the London or US sessions. Hope that helps!
  • #299
  • Feb 7, 2007 6:23pm Feb 7, 2007 6:23pm
Quoting Benf
Just closed my long with +20 pips profit because I think the pair reached a strong resistence level and H4 MACD is forming a head-n-shoulders pattern. The left shoulder and half of head is clearly visible, will wait for the rest. I suppose, the Trichet's speech tomorrow at 8:30 EST may stimulate the reversal.
http://forexbarometer.com/graph/EURU...07-H4-MACD.gif
Ben, There is another wof looking at it. Notice MACD has completed 'Trend Continius" (when GMT 0:00 bar complited). This is a more completed signal than the Head & Shoulsder you are taklking about. Of course, H&S may form down the line, but currently it is much closer to "Trend continuis"
-Chandra
  • #300
  • Feb 8, 2007 1:28am Feb 8, 2007 1:28am
Hi there

Looks like the eur is forming a round top at trendline as well as 200 SMA.I will be looking to short this. Any comments would be appreciated

Eben
Attached Image
9 traders viewing now