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4 Hour Strategy (MACD)

  • #16,321
  • Jul 24, 2008 9:32am Jul 24, 2008 9:32am
Long CFD Trade EUR/USD 24/07/2008 (Second trade today)

Setup:

Target 1 ema(8) = 1.5707 (Potential Profit 34 pips)
Price = 1.5673
Stop loss = 1.5639 (34 pips under price)

Price testing ema(365) at 1.5663
Chart with timeframe 1h TC
Price reached ema(8)
Limit Buy Order was triggered at 1.5700
Profit = 27 pips !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd4h24072008-02a.jpg Size: 312 KB
Click to Enlarge Name: eurusd4h24072008-02b.jpg Size: 250 KB
  • #16,322
  • Jul 24, 2008 10:19am Jul 24, 2008 10:19am
Nice trade again eTrader
Was a little too risky for me ... --> the 4h previous candle was not green on my broker Activtrade (CET), what's you timezone ?
  • #16,323
  • Jul 24, 2008 3:06pm Jul 24, 2008 3:06pm
i usually dont trade this pair but i think its not bad to go CT if there will be a signal.what do u think ?(specially the traders who are familiar with this pair)
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 26 KB
  • #16,324
  • Jul 24, 2008 6:47pm Jul 24, 2008 6:47pm
Bshadroo,
I am long on the round bottom on the GBDUSD. SL below the TL TP at the 8.
  • #16,325
  • Jul 24, 2008 7:00pm Jul 24, 2008 7:00pm
I think theres a possibility of another round bottom before a subtantial increase to gbp/usd
USD Est Non Mortuus
  • #16,326
  • Jul 24, 2008 7:19pm Jul 24, 2008 7:19pm
Nice chart bshadroo! I entered GBP long on the round bottom.
Could definitely make a move down to the 200 and 365. The SL is too large so I entered on a 10 pip retracement to lower my stop and allow me to take profit before the 89.
  • #16,327
  • Jul 24, 2008 8:18pm Jul 24, 2008 8:18pm
Hi guys,
I'm new to this thread and saw a bunch of files in the first post on page 1 detailing the system. Where can I get them downloaded? Can someone please provide a link.
  • #16,328
  • Jul 24, 2008 9:25pm Jul 24, 2008 9:25pm
On Round Bottoms I always wait for 1 hr conformation.

I wait for the first MACD bar to close above the 0 line.

Less risk and has less pips but I know there is a good chance that it will not be TC pattern.
  • #16,329
  • Jul 24, 2008 10:01pm Jul 24, 2008 10:01pm
i am a new comer.
i think that is a good idea.
i will do it !!!
  • #16,330
  • Jul 24, 2008 10:32pm Jul 24, 2008 10:32pm
Quoting eTrader
Long CFD Trade EUR/USD 24/07/2008 (Second trade today)

Setup:

Target 1 ema(8) = 1.5707 (Potential Profit 34 pips)
Price = 1.5673
Stop loss = 1.5639 (34 pips under price)

Price testing ema(365) at 1.5663
Chart with timeframe 1h TC
Price reached ema(8)
Limit Buy Order was triggered at 1.5700
Profit = 27 pips !
what is you timezone,why my picture is different from yours!!!
  • #16,331
  • Jul 25, 2008 1:31am Jul 25, 2008 1:31am
Good morning everybody,
It went to the 21EMA, yesterday evening all the indicators were bullish, I should have start my trade with a trailing stop before going sleep, I'll know for next time.
I'll stay out for the moment before a new signal.
  • #16,332
  • Jul 25, 2008 1:46am Jul 25, 2008 1:46am
Long CFD Trade EURUSD 25/07/2008
Timezone = GMT + 02:00

The setup for this morning (local time: 08:00h):

Target ema(21) = 1.5738 (Potential Profit: 31 pips)
Price = 1.5707
Stop loss = 1.5676

Price through ema(8), target ema(21)

Left chart = 4h and next to it the chart with timeframe 1h
MACD Pattern on timeframe 1h = Bounce off zero (BOZ)

Limit sell order was moved a little bit down to 1.5729
Limit sell order was executed at level 1.5729

Profit = +22 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd4h25072008-01a.jpg Size: 292 KB
Click to Enlarge Name: eurusd1h25072008-01a.jpg Size: 287 KB
  • #16,333
  • Jul 25, 2008 1:50am Jul 25, 2008 1:50am
Long CFD Trade 22/07/2008

The 4h chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4h25072008-01b.jpg Size: 229 KB
  • #16,334
  • Jul 25, 2008 2:21am Jul 25, 2008 2:21am
Results Market Rhythm 4h MACD Trading System

Date/Type/Buy/Sell/Profit/Market Rhythm/Stop Loss
22/07/2008 Short 1.5942 1.5918 -24pips /Through 8,21,55 to 89 /SL was hit
23/07/2008 Short 1.5692 1.5756 +64pips /sma(89) to sma(200)
24/07/2008 Short 1.5664 1.5679 +16pips /sma(200) to ema(365)
24/07/2008 Long 1.5673 1.5700 +27pips /ema(365) to ema(8), CT
25/07/2008 Long 1.5707 1.5729 +22pips /ema(8) to ema(21), CT

Number of trades: 5
Total Profit = +105 pips (1week)

Thank You Phillip for publishing your personal trading system on the FF forum.
Mooi systeem
eTrader
  • #16,335
  • Jul 25, 2008 2:22am Jul 25, 2008 2:22am
Results Market Rhythm 4h MACD Trading System

Date/Type/Buy/Sell/Profit/Market Rhythm/Stop Loss
22/07/2008 Short 1.5942 1.5918 -24pips /Through 8,21,55 to 89 /SL was hit
23/07/2008 Short 1.5692 1.5756 +64pips /sma(89) to sma(200)
24/07/2008 Short 1.5664 1.5679 +16pips /sma(200) to ema(365)
24/07/2008 Long 1.5673 1.5700 +27pips /ema(365) to ema(8), CT
25/07/2008 Long 1.5707 1.5729 +22pips /ema(8) to ema(21), CT

Number of trades: 5
Total Profit = +105 pips (1week)

Thank You Phillip for publishing your personal trading system on the FF forum.
Mooi systeem
eTrader
  • #16,336
  • Edited 4:20am Jul 25, 2008 3:00am | Edited 4:20am
Nice trades etraders, this system looks profitable with some practise.
  • #16,337
  • Jul 25, 2008 3:21am Jul 25, 2008 3:21am
Hi all. Although I dont post much(family and work life), I do follow the thread every day. Just wanted to share an analogy to Phillip's trading system. For me Phil is the black belt teaching us white belts. He shows us the techniques (4hour macd & 5 min system), but it is only through personal experience that we learn how to apply these techniques effectively (taking high probability trades). This comes with time and much practice. Although I have a good understand of the system (market motion, rhythm, etc), I have not mastered it. I am continually improving and learning how to apply the system more effectively. Thank you Phillip.
  • #16,338
  • Edited 5:01am Jul 25, 2008 4:36am | Edited 5:01am
Quoting pipsja
Hi guys,
I'm new to this thread and saw a bunch of files in the first post on page 1 detailing the system. Where can I get them downloaded? Can someone please provide a link.
hi pipsja,

You look at TITLE - at the same line you can see page & post then you select the page & post you want to read or listen(mp3), then save in your folder
example:-
INTRODUCTION FOR ALL NEW COMERS 1035(page) 15519(post)

Mind you, I read them 3 times,

Good luck,
Pete.
  • #16,339
  • Jul 25, 2008 4:44am Jul 25, 2008 4:44am
Quoting pete.alfa
Hi everyone,

I'm using MT4 chart with MIG broker(demo account).
Right now I can only print out the chart in black color I've tried for few hours but I still could not print in color then I have to give up. When I was using North finance last month I could print the chart in color( may be because fxpro version?)

Sorry to disturb you guy. I am appreciated if anyone can help me out
Thank you

Pete
IT's ok now I found the problem

Thanks anyway

Pete.alfa
  • #16,340
  • Jul 25, 2008 4:55am Jul 25, 2008 4:55am
Quoting Pip_eater
Hi all. Although I dont post much(family and work life), I do follow the thread every day. Just wanted to share an analogy to Phillip's trading system. For me Phil is the black belt teaching us white belts. He shows us the techniques (4hour macd & 5 min system), but it is only through personal experience that we learn how to apply these techniques effectively (taking high probability trades). This comes with time and much practice. Although I have a good understand of the system (market motion, rhythm, etc), I have not mastered it. I am continually improving and learning how to apply the system more effectively. Thank you Phillip.
ME TOO I follow everyday
And follow his instruction too - before you trade, print out chart make a note - the reason behind to make the trade. ( that's why I had a problem to print out chart in color but now it's ok I found the problem).

Thank you Phillip,


Best regards,

Pete
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