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4 Hour Strategy (MACD)

  • #16,741
  • Aug 23, 2008 3:32am Aug 23, 2008 3:32am
First of all thanks to Philips and the entire team for making this best strategy for trading in currencies. I am using this strategy almost from last 2 yrs with successfull result.

Recently i started trading in Gold and Silver, just wanted to know whether anybody trade in gold and silver by using this strategy or anyother trading forum. Where i can learn the technicals required to trade in gold.

Thanks for your help in advance.

Regards

Amit
  • #16,742
  • Aug 23, 2008 3:51am Aug 23, 2008 3:51am
Hi all,

Just wondered if anyone had a copy of Phillip's pdf document "Range Bound Rhythm".

When I try and load it, it tells me the file is corrupt.

I've been having problems understanding range bound rhythm so would be really grateful if somebody had the doc. This is the link to it.
http://www.forexfactory.com/showpost...postcount=4548

Many thanks

Simon
If it's too good to be true, it probably is.
  • #16,743
  • Aug 23, 2008 6:07am Aug 23, 2008 6:07am
Hi Simon,
I've just been to the link you posted and it's opening fine for me.
I'll attach pdf here...hopefully it works for you

Quoting SimonK
Hi all,

Just wondered if anyone had a copy of Phillip's pdf document "Range Bound Rhythm".

When I try and load it, it tells me the file is corrupt.

I've been having problems understanding range bound rhythm so would be really grateful if somebody had the doc. This is the link to it.
http://www.forexfactory.com/showpost...postcount=4548

Many thanks

Simon
Attached File(s)
File Type: pdf Range Bound Rhythm.pdf   102 KB | 829 downloads
  • #16,744
  • Aug 23, 2008 6:15am Aug 23, 2008 6:15am
Here it is. I can open them on my computer so you'll probably also be able to do it.
Attached File(s)
File Type: pdf Range Bound Rhythm.pdf   102 KB | 899 downloads
File Type: pdf Range Bound Trading.pdf   45 KB | 901 downloads
  • #16,745
  • Aug 23, 2008 11:08am Aug 23, 2008 11:08am
Thanks to both of you Jacek and BenStevo. I can view the doc now.

Cheers

Simon
If it's too good to be true, it probably is.
  • #16,746
  • Aug 24, 2008 12:53am Aug 24, 2008 12:53am
These are extracts from article “Dollar Posts First Decline in Six Weeks as Oil Prices Rise “ at Bloomberg.com:

“Aug. 23 (Bloomberg) -- The dollar posted its first drop against the euro in six weeks as oil rose and traders speculated that the U.S. currency's 8 percent rally since mid-July will be too fast to be sustained……
``We are going to see more dollar weakness going into next week,'' said Mike Moran, a senior currency strategist at Standard Chartered in New York. ``…..
``The story of the week has been the consolidation in the dollar rally,'' said Boris Schlossberg, director of currency research in New York at online currency trader GFT Forex. ``Most of the dollar rally is behind us.'' …..
Reports next week will show new home sales in the U.S. fell in July to near the lowest since 1991 and orders for durable goods stagnated, according to the median forecasts of economists surveyed by Bloomberg News……
``The euro-dollar is evenly balanced,'' said Alan Ruskin, head of currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``The market is caught between the idea that euro-dollar at $1.60 cannot be justified with Europe in dire straits and that fundamentals in the U.S. haven't improved either.''

Maybe consolidation for some time?
  • #16,747
  • Aug 25, 2008 4:56am Aug 25, 2008 4:56am
Long CFD Trade EUR/USD Date 25/08/2008
Setup for this monday morning:

Target ema8 = 1.4774 (Potential profit = 37 pips)
Price = 1.4737
Stop loss = 1.4700

Trade was manually closed at 1.4757
Profit: +20 pips



Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4h1h25082008-01.jpg Size: 471 KB
  • #16,748
  • Aug 25, 2008 7:54am Aug 25, 2008 7:54am
Long CFD Second Trade EUR/USD Date 25/08/2008
Time: 12:05:45h (Local: 14:05:45h)

Setup in the afternoon:
Target 3 ema55 = 1.4847 (+64 pips)
Target 2 mid BB = 1.4795 (+25 pips)
Target 1 ema21 = 1.4783 (+13 pips)
Price = 1.4770
Stop loss = 1.4757 (-13 pips)

Target 1 and 2 reached
Profit = +25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4h1h25082008-01b.jpg Size: 476 KB
  • #16,749
  • Edited Aug 26, 2008 12:38am Aug 25, 2008 11:42am | Edited Aug 26, 2008 12:38am
Hi,
During my exercises, I found something very interesting. When MACD cross the zero line and candle cross at the same time MA 89, there is one more candle in the same direction.
Now this is happening with USD/JPY. I'm in from 109.18 and after next candle make 15 pips I'll put trailing stops.
That's not happened every time, but after some experience it's possible to guess correct setup in 80%.
Edit:
Unfortunately next candle is in opposite direction and loss is -12 pips.
  • #16,750
  • Aug 26, 2008 5:43am Aug 26, 2008 5:43am
Went short €/$ yesterday, before NY close. Took 104 pips.
  • #16,751
  • Aug 26, 2008 5:47am Aug 26, 2008 5:47am
Quoting amit17
First of all thanks to Philips and the entire team for making this best strategy for trading in currencies. I am using this strategy almost from last 2 yrs with successfull result.

Recently i started trading in Gold and Silver, just wanted to know whether anybody trade in gold and silver by using this strategy or anyother trading forum. Where i can learn the technicals required to trade in gold.

Thanks for your help in advance.

Regards

Amit

I think it should work, because GOld trades of the €/$ pair to a considerable extent, but also oil and the Dow. I am looking into it. Maybe you can post your findings. Silver is very volatile especially to the downside and trades with gold. If you trade silver WATCH OUT!
  • #16,752
  • Aug 26, 2008 7:48am Aug 26, 2008 7:48am
EU at an interesting area. Daily, 4hr, and 1hr all at a support level (area). The daily has retraced 100% and trying to come back above the 0% line. 4hr in the process of forming a Rb and the 1hr is working its way up. Oil down a buck or so overnight. Keep an eye on the $110 level. A few red flag news events at 9am so lots of info here....
Attached Images
  • #16,753
  • Aug 26, 2008 7:55am Aug 26, 2008 7:55am
Long CFD Trade EUR/USD Date 26/08/2008
Time: 11:31:02h (Local 13:31:02h)

The setup of this afternoon:
Target ema8(1h chart) = 1.4625 (Potential Profit: +35 pips)
Price = 1.4590
Stop loss = 1.4571 (-19 pips)

The trade was closed at 1.4616

Profit: +26 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4h1h26082008-01.jpg Size: 479 KB
  • #16,754
  • Aug 26, 2008 7:59am Aug 26, 2008 7:59am
thank you very much Palmer and eTrader
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  • #16,755
  • Aug 26, 2008 8:05am Aug 26, 2008 8:05am
I had a short on the euro put on today. lucky for me the German data was bad closed out +91

What a month for following the trend!

not going near this rally for about 5 reasons.........
Attached Image (click to enlarge)
Click to Enlarge Name: eur4hr.gif Size: 44 KB
  • #16,756
  • Aug 26, 2008 8:11am Aug 26, 2008 8:11am
we had 2 nice TCs both in gu and audusdtoday .anybody do this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 18 KB
  • #16,757
  • Aug 26, 2008 10:25am Aug 26, 2008 10:25am
Info
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 24 KB
  • #16,758
  • Aug 26, 2008 12:02pm Aug 26, 2008 12:02pm
Hello Everyone. Been a while since i posted. Was extremely busy with other commitments. Nice move on Euro. I took only couple of demo trades in august due to my schedule and made some pips on the down move. Will resume live trading in september. and hope fully will be more active in the thread,

Here is the long due written copy of daily Wrap up from August 14th.
Page #1108.
Post # 16613.
I aplogize for the delay.
Thanks .
Nadia.
Attached File(s)
File Type: doc daily wrap up aug 14th.doc   7 KB | 444 downloads
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #16,759
  • Aug 26, 2008 1:11pm Aug 26, 2008 1:11pm
If €/$ stays around here, I'll go short again. Risk reward is quite good.
Anybody else?

I am a little uncomfortable going short all the time. Maybe I'll skip this one.
  • #16,760
  • Aug 26, 2008 1:26pm Aug 26, 2008 1:26pm
Quoting PhilinGood
If €/$ stays around here, I'll go short again. Risk reward is quite good.
Anybody else?

I am a little uncomfortable going short all the time. Maybe I'll skip this one.

Phillin:

Keep an eye on hurricane Gustav. If the oil platforms are shut down in the Gulf of Mex, oil could spike and weaken the $..

Just my 2 cents.
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