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4 Hour Strategy (MACD)

  • #16,821
  • Aug 28, 2008 12:46pm Aug 28, 2008 12:46pm
I had to run out for a few hours...

Nice trading Phillip, as always.

bsh: Hmmmm, go ahead and take tomorrow off
  • #16,822
  • Aug 28, 2008 1:16pm Aug 28, 2008 1:16pm
Quoting Phillip Nel
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.
thx for the mp3.i think we have good H1 entery chances when the size of H4 candles are big
  • #16,823
  • Aug 28, 2008 1:39pm Aug 28, 2008 1:39pm
Hey guys,

Sorry to write something off topic, but the issue I am about to ask about is driving me crazy and I have to find a way to solve it.

I would like to write large paragraphs directly on a MT4 chart (like Phillip or Saka are doing) without taking a screen shot and writing on top of that chart.

Could anyone please tell me if they have found a way to do this? Currently, when I insert text, it cuts off after a sentence.

Thank you in advance.
  • #16,824
  • Aug 28, 2008 1:42pm Aug 28, 2008 1:42pm
Quoting Phillip Nel
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.
Thanks for that explanation Phillip. I realise where I went wrong now on yesterday's trade.
If it's too good to be true, it probably is.
  • #16,825
  • Aug 28, 2008 1:47pm Aug 28, 2008 1:47pm
Thanks Philip. Very helpful your reviews.
This patience thing drives me crazy.

One question please: You mentioned you like to trade the 400, 800, 1200, 1600 most. What does that mean? If it is time, is it GMT? And there was a little part I could not make out, belonging to that part of your review. It seemed quite important.
  • #16,826
  • Aug 28, 2008 2:03pm Aug 28, 2008 2:03pm
Quoting jeta
Hey guys,

Sorry to write something off topic, but the issue I am about to ask about is driving me crazy and I have to find a way to solve it.

I would like to write large paragraphs directly on a MT4 chart (like Phillip or Saka are doing) without taking a screen shot and writing on top of that chart.

Could anyone please tell me if they have found a way to do this? Currently, when I insert text, it cuts off after a sentence.

Thank you in advance.
Hi
I am using screenshot and then use Windows paint to add text. I dont think you can put paragraphs on Mt4. I will have a look and post something if I found something.
  • #16,827
  • Aug 28, 2008 2:27pm Aug 28, 2008 2:27pm
Quoting fena74
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!!!
Check these out fena: Pages 114-115, posts 1710-1711, by tamkras.
  • #16,828
  • Aug 28, 2008 3:28pm Aug 28, 2008 3:28pm
This is a good 10-page article on pdf for you all. I'm NOT going through
all 4300 attachments to see if it's been posted before.

It's co-written by John Jagerson and S. Wade Hansen, who are the two
head honchos from Profiting From Forex. (Since this site links plenty
of news articles from their site, I figure it's not spam to mention them.)
Attached File(s)
File Type: pdf FX bonus_report_macd_strategy.pdf   403 KB | 2,086 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #16,829
  • Aug 28, 2008 4:18pm Aug 28, 2008 4:18pm
I hope someone can answer this question that I am having trouble with. I'm trying to work out if there is any tradeable rhythm with the eurusd over the last 2 weeks.:

I understand that when price repeatedly crosses the 89 sma, the market cannot make up its mind and its best to stay out.

Does this principal also apply when price continually crosses the 8 and 21 ema's? (as in the screenshot below).

Just wondered how people would apply the system to this chart or whether the last 2 weeks should have been left alone. I have seen Phillip's video on market emotion (lesson 6) where price crosses the 8 and 21 ema's leading up to a triangle breakout, but still not clear whether the above is tradeable.

If it was tradeable, would you:

1. Trade from the trendline up/down to the ema's?
2. Wait for a close past the ema's and trade to the trendline
3. Wait for price to cross the ema's and trade to the trendline

Thanks for any help!

Simon
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 38 KB
If it's too good to be true, it probably is.
  • #16,830
  • Aug 28, 2008 6:52pm Aug 28, 2008 6:52pm
Thanks Phillip for another of your useful updates

Quoting Phillip Nel
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.
  • #16,831
  • Aug 28, 2008 10:06pm Aug 28, 2008 10:06pm
Quoting Phillip Nel
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.
Unbelievable your most profit trade in August is long, I have shorted eu at Aug. 8th and held it with 1lot in one week to gain 200 pips. It indicates that how good your strategy is
Plan your trades and trade your plans
  • #16,832
  • Aug 28, 2008 11:52pm Aug 28, 2008 11:52pm
Quoting saka
Unbelievable your most profit trade in August is long, I have shorted eu at Aug. 8th and held it with 1lot in one week to gain 200 pips. It indicates that how good your strategy is
你也做的不错啊！！
我这还是第一次发帖喔 。
虽然从去年就开始看这帖子，
但是一直都仅仅是在研究！！祝你好运！！
你是在美国吧？
  • #16,833
  • Aug 29, 2008 12:48am Aug 29, 2008 12:48am
Quoting rsdy18418081
你也做的不错啊！！
我这还是第一次发帖喔 。
虽然从去年就开始看这帖子，
但是一直都仅仅是在研究！！祝你好运！！
你是在美国吧？
Oh, no,you shouldn't use Chinese to post at this thread, otherwise, Phillip will think you talk bad and catch you. If you want to speak with me, you can use PM or IM to connect me
Plan your trades and trade your plans
  • #16,834
  • Aug 29, 2008 1:00am Aug 29, 2008 1:00am
Quoting OldDog
Check these out fena: Pages 114-115, posts 1710-1711, by tamkras.
Good job! I am searching for this for a time.
Plan your trades and trade your plans
  • #16,835
  • Aug 29, 2008 4:11am Aug 29, 2008 4:11am
Thank you OldDog That really helps me to find out my answers for Inside Top Lows and Inside Bottom Highs.Thank you for your help!
  • #16,836
  • Aug 29, 2008 5:22am Aug 29, 2008 5:22am
Quoting SimonK
I hope someone can answer this question that I am having trouble with. I'm trying to work out if there is any tradeable rhythm with the eurusd over the last 2 weeks.:

I understand that when price repeatedly crosses the 89 sma, the market cannot make up its mind and its best to stay out.

Does this principal also apply when price continually crosses the 8 and 21 ema's? (as in the screenshot below).

Just wondered how people would apply the system to this chart or whether the last 2 weeks should have been left alone. I have seen Phillip's video on market emotion (lesson 6) where price crosses the 8 and 21 ema's leading up to a triangle breakout, but still not clear whether the above is tradeable.

If it was tradeable, would you:

1. Trade from the trendline up/down to the ema's?
2. Wait for a close past the ema's and trade to the trendline
3. Wait for price to cross the ema's and trade to the trendline

Thanks for any help!

Simon

Cant say. But what I do is watch the price at around these MAs, how they behave and decide. Sometimes it bounces off, sometimes it moves right to them etc...
  • #16,837
  • Aug 29, 2008 5:30am Aug 29, 2008 5:30am
Quoting PhilinGood
Cant say. But what I do is watch the price at around these MAs, how they behave and decide. Sometimes it bounces off, sometimes it moves right to them etc...
thanks for ressurecting my question, PhilinGood

so I guess these situations arent really tradeable without a long observation period.
If it's too good to be true, it probably is.
  • #16,838
  • Aug 29, 2008 7:02am Aug 29, 2008 7:02am
Quoting SimonK
I hope someone can answer this question that I am having trouble with. I'm trying to work out if there is any tradeable rhythm with the eurusd over the last 2 weeks.:

I understand that when price repeatedly crosses the 89 sma, the market cannot make up its mind and its best to stay out.

Does this principal also apply when price continually crosses the 8 and 21 ema's? (as in the screenshot below).

Just wondered how people would apply the system to this chart or whether the last 2 weeks should have been left alone. I have seen Phillip's video on market emotion (lesson 6) where price crosses the 8 and 21 ema's leading up to a triangle breakout, but still not clear whether the above is tradeable.

If it was tradeable, would you:

1. Trade from the trendline up/down to the ema's?
2. Wait for a close past the ema's and trade to the trendline
3. Wait for price to cross the ema's and trade to the trendline

Thanks for any help!

Simon
Simon:

My first step when looking at the 4hr chart is one simple question: Where is price in relation to the 89? Below it = look for shorts, above it look for longs. That first bump back to the top of the channel around Aug21 would have been a good set up to go short. I agree with you that right now the moving averages are converging and price is stuck in about a 60 pip range or so right now. I think a lot is waiting on the oil market (with the storm) and there is no red flag news out today. I think I mentioned a few days ago that I am hesitant to trade the 4hr (1hr rangebound as well) because of all of this and I will try to steal a few on the 5min when I can. But, you aren't doing anything wrong by not doing anything. You're actually doing what the surviving traders do...wait for price to clear this area and get moving again. Don't enter a trade just for the sake of being in the market. I actually have three trend lines along with the 3 moving averages all really close together and don't see any direction right now. So, I'm going to be a 'surving trader' right here and let this pair open up later...
  • #16,839
  • Aug 29, 2008 7:16am Aug 29, 2008 7:16am
Quoting Palmer
Simon:

My first step when looking at the 4hr chart is one simple question: Where is price in relation to the 89? Below it = look for shorts, above it look for longs. That first bump back to the top of the channel around Aug21 would have been a good set up to go short. I agree with you that right now the moving averages are converging and price is stuck in about a 60 pip range or so right now. I think a lot is waiting on the oil market (with the storm) and there is no red flag news out today. I think I mentioned a few days ago that I am hesitant to trade the 4hr (1hr rangebound as well) because of all of this and I will try to steal a few on the 5min when I can. But, you aren't doing anything wrong by not doing anything. You're actually doing what the surviving traders do...wait for price to clear this area and get moving again. Don't enter a trade just for the sake of being in the market. I actually have three trend lines along with the 3 moving averages all really close together and don't see any direction right now. So, I'm going to be a 'surving trader' right here and let this pair open up later...
Thanks Palmer for your help. It confirms what I was thinking really which is the market is ranging with no clear direction.

Hope the storm passes by without any damage!
If it's too good to be true, it probably is.
  • #16,840
  • Aug 29, 2008 8:32am Aug 29, 2008 8:32am
Quoting Seryei
Thanks eTrader, Which period do you use for BB?
BB Period = 20
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