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4 Hour Strategy (MACD)

  • #16,801
  • Aug 28, 2008 3:47am Aug 28, 2008 3:47am
Quoting eTrader
Hello Saka,
I noticed also that everything looks different on your charts.
Countertrend trades are very risky and you can best avoid them.
Watch the Multiple Time Frames (Daily, 8h, 4h, 1h, 15m and 5m).
All the macd patterns in the different time frames must go in the same direction.
Yes, it's true that CT trades are very risky, MT4 doesn't have 8h TF, if I do some CT trades, I shall watch more TFs to confirm it.
Plan your trades and trade your plans
  • #16,802
  • Aug 28, 2008 4:48am Aug 28, 2008 4:48am
Quoting saka
This is really hard to say. I think you short trade must a TC since the long one is CT. I guess this strong long signal must be HL. According to theseday's trend, you had better close short position and long it when HL has been formed. Both 4h and daily has been divergency for a long time.
Thanks for your answer Saka. Tc: trend continue, CT:? (counter-trend ?) , HL:?
  • #16,803
  • Aug 28, 2008 5:05am Aug 28, 2008 5:05am
Quoting mgokhank
Thanks for your answer Saka. Tc: trend continue, CT:? (counter-trend ?) , HL:?
TC: trend continue
CT: counter trend
HL: higher low
LH: lower high
RB: round bottom
RT: round top
Plan your trades and trade your plans
  • #16,804
  • Aug 28, 2008 5:21am Aug 28, 2008 5:21am
Hi to every member of this great tread.I have a question-I tried to use search but i am not satisfy.Can anyone tells me where can ifind more info about:
Inside Top Lows and Inside Bottom Highs .
Thank you in advance
Best wishes to all!!!
  • #16,805
  • Edited 2:35pm Aug 28, 2008 5:21am | Edited 2:35pm
hi,

j just took

2x gbp/usd short @1,8330
sl @1,8410 (2x-80)
tp1 @1,8250 (+80)
tp2 @1,8170 (+160)
r:r 160:240

I took an early entry off the 1h after chart after having studied the 4h chart as I posted.

On 1h I've seen a resistance built up, when candle crossed 8 and 21 I jumped onto the move.

On 4h I see a tc off 8 now, with a triple macd divergence.

I apprechiate comments and corrections.


15:00 gmt

trade still in negative but still I'm of the opinion that it could work out and that the price prepares for a breakdown to 1,8200 at least

well, I have to be confident, I'm in this trade

16:15 gmt

finally some movement. I'm in positive pips but price is actually testing previous low at 1,8280
by the break of that I may get a good ride.

for now i'm setting sl +/- 0 to secure my funds, while I'm in +20 pips


17:00 gmt

tp1 has been hit +80 pips
sl moved to 1,8310 +20 pips

that gives the trade now (+60) roundabout 40 pips to mature to the direction of breaking 1,8200


20:30 gmt

second trade has hit sl = +20 pips


total: +100 pips

maybe we get another tc tomorrow?

Regards
Attached Image
  • #16,806
  • Aug 28, 2008 5:38am Aug 28, 2008 5:38am
Quoting ashes
hi,

j just took

2x gbp/usd short @1,8330
sl @1,8410 (2x-80)
tp1 @1,8250 (+80)
tp2 @1,8170 (+160)
r:r 160:240

I took an early entry off the 1h after chart after having studied the 4h chart as I posted.

On 1h I've seen a resistance built up, when candle crossed 8 and 21 I jumped onto the move.

On 4h I see a tc off 8 now, with a triple macd divergence.

I apprechiate comments and corrections.


Regards
Hi Ashes,

I wondered what made you go short as earlier you said "I see a macd divergence (triple) on gbp/usd. maybe we get a tc off the 21."

We had MACD making higher lows and price making lower lows indicating that the downmoves were less strong each time.

Thanks

Simon
Attached Image
If it's too good to be true, it probably is.
  • #16,807
  • Aug 28, 2008 5:51am Aug 28, 2008 5:51am
Hi SimonK,

I have to admit, it was a premature and emotionally triggered entry.
shame on me .
Now I have to stand it through.

Regards
  • #16,808
  • Aug 28, 2008 6:00am Aug 28, 2008 6:00am
Quoting ashes
Hi SimonK,

I have to admit, it was a premature and emotionally triggered entry.
shame on me .
Now I have to stand it through.

Regards
Hi Ash,

We're all learning here, me included

I must admit I was also tempted to go short with the news on UK house prices being so negative. But I think oil is driving the market today.

Simon
If it's too good to be true, it probably is.
  • #16,809
  • Edited 11:09am Aug 28, 2008 6:51am | Edited 11:09am
my uj H1 trade:
edit: a godamn tail hit my BE stoploss
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  • #16,810
  • Aug 28, 2008 7:05am Aug 28, 2008 7:05am
Nice bshadroo! I like the bounces of the channel s/r along with the MACD signal.

vette: Gustav looks like it might be moving a little further west....
  • #16,811
  • Aug 28, 2008 8:36am Aug 28, 2008 8:36am
Quoting saka
TC: trend continue
CT: counter trend
HL: higher low
LH: lower high
RB: round bottom
RT: round top
Hi to all, this is my first post on this thread, I am not losing track of it since 1 month ago, it's very exciting.

I am a pretty confused with the shortening letters. Thank you Saka for clarify it.
I have other to clarify, what does it means "BB"?
  • #16,812
  • Aug 28, 2008 9:03am Aug 28, 2008 9:03am
Quoting Seryei
Hi to all, this is my first post on this thread, I am not losing track of it since 1 month ago, it's very exciting.

I am a pretty confused with the shortening letters. Thank you Saka for clarify it.
I have other to clarify, what does it means "BB"?
BB = Bollinger Bands
Bollinger Bands are not used in the original 4h macd system.
I used it once or twice for taking profit
  • #16,813
  • Aug 28, 2008 9:49am Aug 28, 2008 9:49am
Quoting Palmer
Nice bshadroo! I like the bounces of the channel s/r along with the MACD signal.

vette: Gustav looks like it might be moving a little further west....
thx palmer
finally price is near the 89 and went away from it with a red macd signal .i'll sell if this H1 closes below the circle
what do u think?
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  • #16,814
  • Aug 28, 2008 10:10am Aug 28, 2008 10:10am
Quoting saka
TC: trend continue
CT: counter trend
HL: higher low
LH: lower high
RB: round bottom
RT: round top
你是中国人吧？我关注这帖子很久了！
  • #16,815
  • Edited 10:37am Aug 28, 2008 10:15am | Edited 10:37am
Quoting bshadroo
thx palmer
finally price is near the 89 and went away from it with a red macd signal .i'll sell if this H1 closes below the circle
what do u think?
Also planning to sell at 17:00 GMT. And puttng the stop above the blue line.
Any comments anyone?
only thin that makes me think is that the price is in a channel, and has always rebounded from a big sell off recently.

edit
By the way has anyone had experiences that the strategy has problems after London close? Or can it be used all the time?
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  • #16,816
  • Edited 10:59am Aug 28, 2008 10:17am | Edited 10:59am
Quoting bshadroo
thx palmer
finally price is near the 89 and went away from it with a red macd signal .i'll sell if this H1 closes below the circle
what do u think?
sold as i promised
edit:first one closed at 20pips,set the second at BE
edit:closed second one for +40pips
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  • #16,817
  • Aug 28, 2008 10:42am Aug 28, 2008 10:42am
Quoting eTrader
BB = Bollinger Bands
Bollinger Bands are not used in the original 4h macd system.
I used it once or twice for taking profit
Thanks eTrader, Which period do you use for BB?
  • #16,818
  • Edited 11:00am Aug 28, 2008 10:45am | Edited 11:00am
Quoting bshadroo
thx palmer
finally price is near the 89 and went away from it with a red macd signal .i'll sell if this H1 closes below the circle
what do u think?
the 5 min is showing a lot of support at that level
Raymond

Edit: So much for that support
  • #16,819
  • Aug 28, 2008 11:00am Aug 28, 2008 11:00am
Price has moved to far for me. Pass for anothe time
  • #16,820
  • Edited 11:58am Aug 28, 2008 11:48am | Edited 11:58am
Trades for August

4Aug +32pips Post 16469
8 Aug +52,5 Post 16532
14Aug +57 Post 16611
21Aug +160 Post 16711
26Aug +82,5 Post 16757

Total 383 pips

5 Trades for the month so far. The one for +160 was off support of the trendline discussed in the mp3 with a sHs as well.
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