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4 Hour Strategy (MACD)

  • #17,081
  • Sep 21, 2008 4:33pm Sep 21, 2008 4:33pm
Quoting dznmrd
Hi,

I just dropped by this thread to let you all know, im a big fan of Phillip Nel's 4hour macd and i've been using it since over a year in my analysis.

I also have to admit that ive always made losses whenever i step into TF below the 4hour and i rarely make losses when i trade on 4hour TF, 4hour TF is just great, we just need to keep an eye on 30 candles a week (How Easy is that! )

Thanks to macd from phillip ive made a whooping 50pips+ this morning on EU, GU, AU and NU long trades.

I would like to share a noticement about the TC (Trend Continuation signal on macd) , for some reason it will usually "if not always" occur around or exactly on the candles that has a corresponding same direction Fractal on it.

Heres my screenshot of how im using this (Kinda zoomed in completly) & the Fractal signal that starts a TC on Macd.
Attachment

Hi i am receiving numerous pm's due to this post.

Fractal up = when candle makes a lower low and closes in the upper half

Fractal Down = when candle makes a higher high and closes in the lower half

I mean that when there's a same direction fractal, you will sometimes notice the signal on the macd.

Thats All! lolz
  • #17,082
  • Sep 21, 2008 11:47pm Sep 21, 2008 11:47pm
In long-candle entry we wait for pull back inside the candle to tighten SL then at fibo 30 and fibo 40 levels are good entries for tight Stoploss.(Phil's long candle entry lesson) What if price rockets without pull back what should we do?
  • #17,083
  • Sep 22, 2008 10:05am Sep 22, 2008 10:05am
Quoting mgokhank
In long-candle entry we wait for pull back inside the candle to tighten SL then at fibo 30 and fibo 40 levels are good entries for tight Stoploss.(Phil's long candle entry lesson) What if price rockets without pull back what should we do?
That is where a solid shortterm strategy must be applied. Sometimes the moves are steady but huge and that is where a shortterm strategy will keep you in the pips.
  • #17,084
  • Sep 22, 2008 12:17pm Sep 22, 2008 12:17pm
This post is just to express my sincere appreciation for this wonderful system.

I trade less often than before.

Take only high probability trades that are trend continuation patterns and movements away from the 21 EMA.

Follow the rhythm of the market according to price movements around the MA's.

I have never regretted a trade. Though my losses are minimal.

May the gods be with you. Mr Phillip.

A forex trader from the remotest part of Africa.
"Forex is like a bitch every trader must marry one"
  • #17,085
  • Sep 23, 2008 1:06am Sep 23, 2008 1:06am
We didn't make one single pip from the huge movement 1.4200 (Stochastics allready above level 80 overbought) to 1.4800 !.
  • #17,086
  • Sep 23, 2008 1:39am Sep 23, 2008 1:39am
The eruodollar has managed a large pullback over the past week, or so, with some of the days posting an incredible range. The saying goes, "...after a large run, expect a large retrace..." This pullback has taken it from just below 1.3900 to up to just below 1.4900. So, now is the trend up, or is this just an incredible pullback run? Either way, is it not about time for a big pullback to the pullback????

The attached M15 chart shows a fibonacci extension applied to the standard bollinger band pinch last Friday. And the price ran all the way up to 1000%...who coulda guessed?
Attached Image (click to enlarge)
Click to Enlarge Name: eurodollar m15 -2.gif Size: 46 KB
  • #17,087
  • Sep 23, 2008 2:33am Sep 23, 2008 2:33am
I think that we are more on an up trend than on a pullback ...
There's a RT on 4H MACD and the EURUSD found resistance on 365SMA, Counter trend to the 8 & 21EMA, high risky, I don't take this one ...
  • #17,088
  • Sep 23, 2008 2:57am Sep 23, 2008 2:57am
I have experience this mistake twice where the SL was touch by 1 pip....1 PIP!!! and it go my way..... Enter right after the close of 0:00 hour candle at 1.4382 with SL at 1.4413. I should have placed my sl above the high of 0:00 candle.



Alpe
Attached Image (click to enlarge)
Click to Enlarge Name: 23-09-08.gif Size: 52 KB
  • #17,089
  • Sep 23, 2008 3:04am Sep 23, 2008 3:04am
Quoting Alpe
I have experience this mistake twice where the SL was touch by 1 pip....1 PIP!!! and it go my way..... Enter right after the close of 0:00 hour candle at 1.4382 with SL at 1.4413. I should have placed my sl above the high of 0:00 candle.



Alpe
I understands that if price crosses the 200ma it will check it again ... so is it ok to short all the way to the 200 ma?

thanks
  • #17,090
  • Edited 3:21am Sep 23, 2008 3:09am | Edited 3:21am
Quoting Alpe
I have experience this mistake twice where the SL was touch by 1 pip....1 PIP!!! and it go my way..... Enter right after the close of 0:00 hour candle at 1.4382 with SL at 1.4413. I should have placed my sl above the high of 0:00 candle.
You should have placed your SL above the big green engulfing bar, above the upper channel line and above the 365SMA ...

Quoting Barak's pip
I understands that if price crosses the 200ma it will check it again ... so is it ok to short all the way to the 200 ma?
thanks
There should be a pullback to the 8EMA and 21EMA before, if you want to short all the way to the 200SMA, I would place 3TP (8EMA, 21EMA & 200SMA) with a trailing SL.
  • #17,091
  • Sep 23, 2008 3:33am Sep 23, 2008 3:33am
Looks like the break is down, at least so far. See attached M30 chart with fibonacci extension applied to the standard bollinger band....
Attached Image (click to enlarge)
Click to Enlarge Name: eurodollar m30 -1.gif Size: 42 KB
  • #17,092
  • Sep 23, 2008 3:50am Sep 23, 2008 3:50am
Quoting traderathome
Looks like the break is down, at least so far. See attached M30 chart with fibonacci extension applied to the standard bollinger band....

I thought we on the 4 hour macd tread..
  • #17,093
  • Sep 23, 2008 3:53am Sep 23, 2008 3:53am
Alpe, the piece of chart you posted seemed so twisted when compared to mine. Could broker differences really lead to such WIDE variation in candle open, close, ...etc? Is it related to broker timezone?

When comparing your chart to mine, I think we may have even had decently different entries for today's trade!

Somebody shed some light.
Attached Image
In Pursuit of Pippyness...
  • #17,094
  • Sep 23, 2008 4:16am Sep 23, 2008 4:16am
This is probably due to broker timezone ...
  • #17,095
  • Sep 23, 2008 5:29am Sep 23, 2008 5:29am
Quoting traderathome
Looks like the break is down, at least so far. See attached M30 chart with fibonacci extension applied to the standard bollinger band....
Traderathome,

nice input and chart.

but what does that have to do with this system? don't answer i can tell u NOTHING!

Please keep to the topic and post charts that are or very close to the 4Hour MACD system........

Cheers
  • #17,096
  • Sep 23, 2008 8:27am Sep 23, 2008 8:27am
Quoting Alpe
I have experience this mistake twice where the SL was touch by 1 pip....1 PIP!!! and it go my way..... Enter right after the close of 0:00 hour candle at 1.4382 with SL at 1.4413. I should have placed my sl above the high of 0:00 candle.



Alpe
I would place the stop loss level above the white upper trendline, above the high of the long green bullish candle.

The profit target is the ema8
Check the Reward to Risk ratio (must be 1:1)

Your entry was a little bit late.
Entry should be at the second bearish candle
There was the candlestick pattern (Hanging man = Bearish reversal of uptrend).

Trade well,
eTrader
  • #17,097
  • Sep 23, 2008 8:34am Sep 23, 2008 8:34am
Quoting Barak's pip
I understands that if price crosses the 200ma it will check it again ... so is it ok to short all the way to the 200 ma?

thanks
The price tested allready the sma200 !
Watch the charts with lower timeframe 1H and 30 M.

Price went through the sma 200 from below and was tested again (see the charts with lower timeframe Timeframe 1H, 30 M).
  • #17,098
  • Sep 23, 2008 9:01pm Sep 23, 2008 9:01pm
It is possible to create an EA with this strategy?
  • #17,099
  • Edited Sep 24, 2008 12:41am Sep 23, 2008 10:40pm | Edited Sep 24, 2008 12:41am
Hi everyone,

Thought I would just post my thoughts on current U/J situation for comment. 3 sisters formation has recently been completed indicating a long trade. On Daily TF, price broke through a daily TL that I have (1st and 2nd sister?) and has now come back up through it. 3rd Sister currently finding support on it.

Entry is a bit delayed, but...
Buy @ 105.60
SL = 105.10
TP1 @ 30pips
Target for TP2 = 106.45

Only concern is whether 3 Sisters formation is even / 'rhythmic' enough.

Edit: TP1 hit... will leave SL on 2nd lot at 105.10 to give price some room to move
Attached Image (click to enlarge)
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  • #17,100
  • Sep 23, 2008 11:43pm Sep 23, 2008 11:43pm
Quoting eTrader
I would place the stop loss level above the white upper trendline, above the high of the long green bullish candle.

The profit target is the ema8
Check the Reward to Risk ratio (must be 1:1)

Your entry was a little bit late.
Entry should be at the second bearish candle
There was the candlestick pattern (Hanging man = Bearish reversal of uptrend).

Trade well,
eTrader
Thank you very much for your comment etrader. I did not notice the hanging man candle...

Alpe
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