4 Hour Strategy (MACD)

It is said that TP- 50; SL- 30. But in the table there are profits like +100 and losses like -60, 90 etc. Does it mean that position was opened twice a day? OR? Please explain...

what about this opportunity, buy GU

I know is seems almost impossible 2 get 3 accurate trade signals in 24hrs with the 4hr candle (6 candles), but with a day with a lot of major economic releases, price tends to go wipsaw in an uncertain and unexpected manner, however the beauty of this strategy is that when u loose a trade the candle on which that trade is lost often but not always gives a signal for a reversal from the just lost trade most atimes given u a gain. eg u can have a gain, loss and then a gain giving u (+50-30+50=+70) or (-30-30-30=-90) on a very bad day, or even (-30+50-30=-10)
-60 for 2 loss trades
-30 single loss trade
+20 for 2 trades, 1 good, 1 bad
+50 1 good trade
+100 for 2 good trades.
i know one is not suppose to loose more tha two trades in a row, but thats the disadvantage of using a stop loss as low as -30, but hey check out the result when u apply it to about 5 or more pairs, not all can give u a negative day, some how the summation of all trades from all pairs in a day gives u a possitive value 80% of the time. For example look at the results i posted and check where u saw a (-90 loss), the end of the day from all 9 pairs turned out to be (+170 for 26th Aug and -80 for 18th July) and then hey once more can u compare that with the over 2000 pips the whole month generates for u?
best of luck.

hi guys..
i've been waiting for this week to trade..
got fundamental news that brought me to take short audusd. I know not many has been trading audusd. But the pair gave a very good signal after announcing aud interest rate..

I love the candlestick, I love the speed going with the 8MA, and of course, MACD TC pattern!

PS: Please ignore the red trendlines. It does not relate into this thread.

greetings,

I've watched this method a while back, found it quite interesting, never went too deep inside though, i seem ho troll in this forum quite alot and can't really concentrate on something if i don't think it's profitable enough...

But now that it developed, is there someone that consistently trades this way that could tell me the average monthly ROI of this strategy?
I mean using the right money management... (3/4% risk, leverage type, etc etc...)
I still think it's a wonderful system. I am now devoting to it and will surely sort that out by myself but a kickstart motivation is everything IMHO.
And i've listened the first 4 lessons that Philip gave, i know is not a get rich quick, i am just asking for previous performance, if available...

Many thanks,
jj

Wait for higher probability trade.

eu is now in a very strong support.becareful about sell

agree hi bshradoo

ya beat me to it...

This is the daily, and I agree, lot of support..4hr at the bottom of the channel might be trying to make its wat back up...

Long CFD Trade EUR/USD Date 02/09/2008

Setup:
Target1 ema(8)
Price = 1.4517

Trade was closed at 1.4543
Profit= +26 pips

thanks, I can open it now.

Hey Palmer, hows it going. Gonna try this again after demo for a year and see if I can pick up this strategy. Have you heard from Tamara lately, I really miss her.

Jim

Hey hardhead. It's been going well taking the Tc's and channel bounces here. Haven't seen Tam around in a while. Miss her charts too, they were good ones. Glad your back. It's been busy here as usual....

Just a few words here: This is the daily.

Oil has broken the 110 level which from the chart I posted a week or so ago might be a critical level in the oil market. The daily EU has broken one support level I have and is approaching another around 4355. Some good old stand by indicators are showing bullish divergence but have yet to turn back up. I see the EU as still going lower on the daily. Per the 4hr, a RB is trying to form but this is the thirds try in a few and has only made it to the 8 ema before turning south again. During these strong trends sometimes the 8 is all you get so be disciplined about the profit taking. If we get back to the 21 and start to turn south, it may be a very strong signal to short again. Keep an eye on the divergence though on the daily...

Got a retracement forming on GU 4 hr now. Looking at maybe 1.7803 and possibly 1.7959. Here is where she is if you want to say hi.

http://caps.fool.com/player/tamkras.aspx

Jim

Long CFD Trade EUR/USD Date 03/09/2008
Time: 12:08:06h (Local time: 14:08:06h)

The setup for this afternoon:
Counter trend trade, risky business !

Target1 ema(8) = 1,4460 (Profit= 25 pips)
Price = 1.4435
Stoploss = 1,4410 (-25 pips)

Target ema8 was reached at 1.4460
Profit = +25 pips

etrader and palmer,thank you sir , for the information

looking for a short on the EU. 4hr at the 8 and the 1hr at the top of the channel looking weak...

thanks for the info on Tamkras hardhead. Looks like she's venturing into stock. I am too with selling covered calls...

I have been watching this thread for a long time and learning a lot. Thank you so much Phillip for your help and effort. But just out of curiosity, how is your life going on? Family, friends and other daily things? How can you manage other things than market while trading takes your time a lot? Please show me the way , because it's very hard to share time fairly between trading and living. ))

No short entry here. Watching the 4470 area though...