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4 Hour Strategy (MACD)

  • #1,021
  • Feb 22, 2007 7:40am Feb 22, 2007 7:40am
Quoting bisar_x
I was stoped at the same level. Anyway +35 pips.
Well done
The market is difficult now with small gains. My point is that by entering the market you must give yourself the chance of a big move but at the same time secure some profit if it does move a bit and turn around. By doing that you will get the big one eventually and it is that one you get per month that is making your bank account raising.
  • #1,022
  • Feb 22, 2007 7:51am Feb 22, 2007 7:51am
DireXiv,

How far with your trading? Hope you are banking enough +pips. Thanks for advice the other time my trading is improving, i got +40pips on Euro today

Thanks once again and many thanks to phillip for his wonderful system.
  • #1,023
  • Feb 22, 2007 7:53am Feb 22, 2007 7:53am
took a short on nzdusd at 7049 with pt at 7023 and when to work came back missed it by one pip now down 12 pips my sl is 7070 do you think I should exit or just ride it. I would enjoy anybody take THX GUYS
  • #1,024
  • Feb 22, 2007 7:56am Feb 22, 2007 7:56am
Short at 1.3097

Target 1.3050


S/l 1.3144


Ratio 1 to 1
  • #1,025
  • Feb 22, 2007 8:12am Feb 22, 2007 8:12am
This morning I stand at 496 pips for the week. I have a couple pairs I'm watching, but at this point I can stand to be selective... I would like to see the usd/cad fall past is current resitance line...

Nice work on the 40 pips on eur! I haven't traded eur or gbp since monday because of the ranging... maybe I'll throw my hat in the ring here soon.

Quoting maarf01
DireXiv,

How far with your trading? Hope you are banking enough +pips. Thanks for advice the other time my trading is improving, i got +40pips on Euro today

Thanks once again and many thanks to phillip for his wonderful system.
DireXiv Make it happen, no one else is going to do it for you...
  • #1,026
  • Edited 8:27am Feb 22, 2007 8:17am | Edited 8:27am
short USDJPY, TP1 2080. Probably a little early.
Attached Image
TRADE FOR SWAP
  • #1,027
  • Edited 9:00am Feb 22, 2007 8:43am | Edited 9:00am
I rode this one down to the 21 ema last night shorting it. It is hitting hard resistance line above as it did yesterday.... it may fall again for good... we'll see would be my approach. since your already in, your stop is good as that is the one I used exactly last night . The only thing going against you, is that it already hit the 21 ema and has retraced to exactly where it was.... it's either direction in my opinion, but I think you'll be ok? Sorry I'm not much more help.



Quoting pipmy4x
took a short on nzdusd at 7049 with pt at 7023 and when to work came back missed it by one pip now down 12 pips my sl is 7070 do you think I should exit or just ride it. I would enjoy anybody take THX GUYS
DireXiv Make it happen, no one else is going to do it for you...
  • #1,028
  • Feb 22, 2007 9:11am Feb 22, 2007 9:11am
Quoting DireXiv
This morning I stand at 496 pips for the week.
"Holy Pips Batman!" &

Keep up the fantastic work!
  • #1,029
  • Edited 9:59am Feb 22, 2007 9:48am | Edited 9:59am
if EURUSD falls from here then Nel's prophecy has been fulfilled.
TRADE FOR SWAP
  • #1,030
  • Feb 22, 2007 10:08am Feb 22, 2007 10:08am
1. EurUsd = 19
2. Gbp = 42.5

5 Min Strategy
1. EurUsd 2 trades = 19


Total for the day = 80.5 pips
Attached Image
  • #1,031
  • Feb 22, 2007 10:17am Feb 22, 2007 10:17am
Quoting cgldsmth
if EURUSD falls from here then Nel's prophecy has been fulfilled.

Can still go up to 1.3125 to test the 21EMA on my platform. Previous candle has not shown a short signal. Only time will tell if it is going to turn around at the 21EMA.
  • #1,032
  • Feb 22, 2007 10:21am Feb 22, 2007 10:21am
Hi

I think there is a round bottom forming at MACD...so I have entered at 1.3107 first target at trend line 1.3118 and 21 MA acting as resistance for further up move.
  • #1,033
  • Feb 22, 2007 10:22am Feb 22, 2007 10:22am
stopped out on EURUSD. the platform seems to effect the validity of the system, with very different charts depending on the candle times between brokers.
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  • #1,034
  • Feb 22, 2007 10:33am Feb 22, 2007 10:33am
Quoting cgldsmth
stopped out on EURUSD. the platform seems to effect the validity of the system, with very different charts depending on the candle times between brokers.
Can you publish a chart showing plus minus 4 weeks of data please. Even with a different candle closing time over time you will be profitable. This specific trade might have been one of the wrong ones. I would like to see how your chart looks like for 4 weeks 4hour candles with MACD on and I will make analyses of your profit for that 4 weeks.
Thank you
  • #1,035
  • Edited 10:59am Feb 22, 2007 10:36am | Edited 10:59am
Nice work Raptor... I kept waiting for it to come back down.... and didnt' have my mind open enought that it would just as easily retrace back up.

Note: The gbp/usd has just hit my upper trendline for the 5th time since january 22nd..... very solid trendline. Be ready for a reveral signal from the MACD. When I see something with a trendline like this, I go ahead and take what I call a "running" candle or "running" MACD to get in early, as in when I see the reversla candle pretty well formed, and MACD pretty well formed... I'm in before closing (based on 30 min chart) as it can move quickly back down. But that's just me... it may be a bit riskier... but seems to have had good results so far.... but the trendline has to have been hit many times and well established... in this case, we also have the 89 acting as resistance too.

Quoting Raptor1
Hi

I think there is a round bottom forming at MACD...so I have entered at 1.3107 first target at trend line 1.3118 and 21 MA acting as resistance for further up move.
DireXiv Make it happen, no one else is going to do it for you...
  • #1,036
  • Feb 22, 2007 10:47am Feb 22, 2007 10:47am
here's the recent past on IBFX

Quoting Phillip Nel
Can you publish a chart showing plus minus 4 weeks of data please. Even with a different candle closing time over time you will be profitable. This specific trade might have been one of the wrong ones. I would like to see how your chart looks like for 4 weeks 4hour candles with MACD on and I will make analyses of your profit for that 4 weeks.
Thank you
Attached Image
TRADE FOR SWAP
  • #1,037
  • Feb 22, 2007 10:51am Feb 22, 2007 10:51am
Quoting Raptor1
Hi

I think there is a round bottom forming at MACD...so I have entered at 1.3107 first target at trend line 1.3118 and 21 MA acting as resistance for further up move.
Just some warning:
I dont know whether your candle close differs from mine but you must be carefull to enter before a candle has closed on the MACD signal. I have done that in the past and then the price turnaround and the MACD signal then chances. So far the price have moved in your favour so that you can get out breakeven should it turns against you.
  • #1,038
  • Edited 11:03am Feb 22, 2007 10:52am | Edited 11:03am
would you short USDJPY now? MACD turning down from just below 0.45 level.
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  • #1,039
  • Feb 22, 2007 11:13am Feb 22, 2007 11:13am
Quoting cgldsmth
here's the recent past on IBFX
The chart is a bit small to see the detail nice but I had a look through it and if you follow the methodology outlined in the thread you will end up positive. The last trade signal was given on that huge downbar and I will never as outlined in the thread risk a stoploss more than 48 pips. The top of that bar was to much to take the trade.
Your MACD showed a long signal the previous bar with first target the 21EMA. If your R:R ratio was 1:1 you could take it on. My chart did not showed a signal yet. There you could have made pips while I was waiting.
The rest of the chart shows normal MACD movement that if followed with good R:R ratio in order you would have ended positive.
  • #1,040
  • Feb 22, 2007 11:19am Feb 22, 2007 11:19am
Is there some secret news data I missed that caused the GBP/USD to go up about a 100pips in the past two hours?
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