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4 Hour Strategy (MACD)

  • #17,281
  • Oct 3, 2008 5:54am Oct 3, 2008 5:54am
I considered a CT on G/U as price came through the 8 and moved back to it creating a spike and just closing above on 4H. The 1H backed this up with a series of high lows, so the possibility is a move back to the 21.

I didn't take this because of NFP in an hour or so.
  • #17,282
  • Oct 3, 2008 7:48am Oct 3, 2008 7:48am
Hi Phillip,

If started trading beginning of the year and found your strategy about 3 weeks back and start implementing it in my demo account. I have added a chart with possible trades. Please review and make sum comments.

 

  1. Short trade up to possible 200SMA. Stop Loss @ 1.4301 (Previous candle low)
  2. Candle close on the 89SMA possible brake thru wait for confirmation. Three candles later confirmation Trade down. Possible profit levels??
  3. Short trade up to possible 8EMA. Stop Loss @ 1.4047 (Previous candle low)
  4. Long trade down. Stop loss @ 1.4173. Risk high but main trend down and previous candle only touched the 8EMA. Profit levels??
  5. Possible short trade up. MACD show possible trade but candle didn’t correspond.
  6. Possible short trade up. MACD show entry, candle smaller than in no 5.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.gif Size: 43 KB
  • #17,283
  • Oct 3, 2008 8:01am Oct 3, 2008 8:01am
I am currently frustrated with my current trading platform due to constant slippage on my orders. I am only still using it because it is one of the few platforms that work behind my company's firewall.

I'd like recommendations on a good platform that has been used as a cash account and that may work behind a firewall.

You may send me a PM.
  • #17,284
  • Oct 3, 2008 9:47am Oct 3, 2008 9:47am
Quoting MAD
I am currently frustrated with my current trading platform due to constant slippage on my orders. I am only still using it because it is one of the few platforms that work behind my company's firewall.

I'd like recommendations on a good platform that has been used as a cash account and that may work behind a firewall.

You may send me a PM.

Have you looked into ODL? Not sure about the firewall issues but they are solid either way.


Forget what I said about the Yen....
  • #17,285
  • Oct 3, 2008 10:01am Oct 3, 2008 10:01am
Quoting MAD
I am currently frustrated with my current trading platform due to constant slippage on my orders. I am only still using it because it is one of the few platforms that work behind my company's firewall.

I'd like recommendations on a good platform that has been used as a cash account and that may work behind a firewall.

You may send me a PM.
Another way around that is to use a wireless broadband service. I use an Altell connection with the Huawwei braodband modem. It uses the same signal that the cell phone service does so if you have a solid cell phone signal with Altell the broadband modem will have the sames sginal. I use a laptop with the modem and it work out fine. The cost is about $60 a month but the 4 hr method takes care of that...
  • #17,286
  • Oct 3, 2008 10:11am Oct 3, 2008 10:11am
Quoting Palmer
Another way around that is to use a wireless broadband service. I use an Altell connection with the Huawwei braodband modem. It uses the same signal that the cell phone service does so if you have a solid cell phone signal with Altell the broadband modem will have the sames sginal. I use a laptop with the modem and it work out fine. The cost is about $60 a month but the 4 hr method takes care of that...
Thanks Palmer. I'm looking into the ODL you suggested. Have you ever used ACM? They guarantee no slippage. Researching them now.

Can't follow up on the broadband though. My company has me moving every few years. Currently in South Korea. Maybe moving to Shanghai soon. In Boston this week. I must say that it is easier to trade on this time zone.
  • #17,287
  • Oct 3, 2008 10:13am Oct 3, 2008 10:13am
Not familiar with ACM. I think Cingular may have an international broadband service...Not sure though
  • #17,288
  • Oct 3, 2008 11:00am Oct 3, 2008 11:00am
Quoting MAD
Thanks Palmer. I'm looking into the ODL you suggested. Have you ever used ACM? They guarantee no slippage. Researching them now.

Can't follow up on the broadband though. My company has me moving every few years. Currently in South Korea. Maybe moving to Shanghai soon. In Boston this week. I must say that it is easier to trade on this time zone.
My setup is pretty much the same as Palmer - I have a 3G broadband card for my laptop which I pay £7.50 a month for.

I use MIG as my broker & although I have not withdrawn money out of the account yet I have had NO problems with them or slipage.

Good luck
  • #17,289
  • Oct 3, 2008 11:04am Oct 3, 2008 11:04am
Quoting Wapen
Hi Phillip,

If started trading beginning of the year and found your strategy about 3 weeks back and start implementing it in my demo account. I have added a chart with possible trades. Please review and make sum comments.

  1. Short trade up to possible 200SMA. Stop Loss @ 1.4301 (Previous candle low)
  2. Candle close on the 89SMA possible brake thru wait for confirmation. Three candles later confirmation Trade down. Possible profit levels??
  3. Short trade up to possible 8EMA. Stop Loss @ 1.4047 (Previous candle low)
  4. Long trade down. Stop loss @ 1.4173. Risk high but main trend down and previous candle only touched the 8EMA. Profit levels??
  5. Possible short trade up. MACD show possible trade but candle didn’t correspond.
  6. Possible short trade up. MACD show entry, candle smaller than in no 5.

Wapen: I think you are a little confused with your terms. A Short trade means that you are going to sell. Going Long or Long trade means that you are going to buy - these terms do not refer to the length of the actual trade.
  • #17,290
  • Oct 3, 2008 12:30pm Oct 3, 2008 12:30pm
Thanks to Phillip Nel. Here are important translations of the texts about the MACD hour strategy for Turkish traders.Türk yatırımcılar için 4 saatlik MACD stratejisiyle ilgili temel metinlerin çevirileri.bağlantı kurmak isterseniz metinlerde bulabileceğiniz adresleri kullanabilirsiniz.
Attached File(s)
File Type: pdf 4 SAAT MACD STRATEJİSİ EGZERSİZ METNİ.pdf   705 KB | 2,808 downloads
  • #17,291
  • Oct 3, 2008 12:39pm Oct 3, 2008 12:39pm
TR version of the text called "study by heart...

"Study By heart" metninin ki gerçekten önemli bir metindir türkçe çevirisi.
Attached File(s)
File Type: pdf MACD-4 STRATEJİSİ İÇİN-BUNU KALpTEN ÇALIŞIN.pdf   97 KB | 1,740 downloads
  • #17,292
  • Oct 3, 2008 12:47pm Oct 3, 2008 12:47pm
Thanks to Phillip Nel. Here are important translations of the texts about the MACD hour strategy for Turkish traders.

Türk yatırımcılar için 4 saatlik MACD stratejisiyle ilgili temel metinlerin çevirileri.bağlantı kurmak isterseniz metinlerde bulabileceğiniz adresleri kullanabilirsiniz.
Attached File(s)
File Type: pdf 4H MACD FİYAT HAREKETİ KURALLARI.pdf   61 KB | 900 downloads
  • #17,293
  • Oct 3, 2008 1:07pm Oct 3, 2008 1:07pm
Türk girişimciler için Temel metin. Basic Essentials for Turks.
Attached File(s)
File Type: pdf 4 Saatlik MACD Stratejisi.pdf   452 KB | 11,499 downloads
  • #17,294
  • Oct 3, 2008 1:13pm Oct 3, 2008 1:13pm
Hi Mad,

Can you tell me what the indicator is at the bottom of your screen?

Cheers
Garth

Quoting MAD
I agree. USDJPY looks good on both the 4H and D charts. Both forming triangles. I went short this afternoon and the trade is currently up by 28 pips. Moving SL to BE. The 00 barrier in the middle did concern me as there was a previous bounce off of it in the triangle.

Attachment
  • #17,295
  • Oct 3, 2008 1:22pm Oct 3, 2008 1:22pm
Quoting Garth_uk
Hi Mad,

Can you tell me what the indicator is at the bottom of your screen?

Cheers
Garth
Garth:

That's the average directional movement index, I use it also. It works pretty well with the 1hr entries too.

http://www.fxtradeblog.com/onehour1.html
  • #17,296
  • Oct 3, 2008 1:30pm Oct 3, 2008 1:30pm
I missed a trade at least I recognized it. I thought to myself if it breaks out of this trendline up it will come back and retest it before moving on (the heart of the system) but I was busy this morning. I still have not made a trade since the hurricane trying to get back in business.
Attached Image (click to enlarge)
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  • #17,297
  • Oct 3, 2008 1:58pm Oct 3, 2008 1:58pm
I am -40 now. I entered when the new bar opened with a 0,5 lot. It pulled back to %50 of the signal bar in a short time. Stop is below %68 fib level.

So, I could have entered a 0,5 lot more at %50 fib level but couldn t decide what to do. Was I wrong in entering this trade at the very beginning? Should I have entered more lots when at %50 fib retracement?
Attached Image (click to enlarge)
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  • #17,298
  • Oct 3, 2008 2:22pm Oct 3, 2008 2:22pm
serk, imo EU and GU are going to breakout next week, and from what I see on the GU especially is a beautiful divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_div.JPG Size: 228 KB
  • #17,299
  • Oct 3, 2008 3:46pm Oct 3, 2008 3:46pm
Quoting Serkan
I am -40 now. I entered when the new bar opened with a 0,5 lot. It pulled back to %50 of the signal bar in a short time. Stop is below %68 fib level.

So, I could have entered a 0,5 lot more at %50 fib level but couldn t decide what to do. Was I wrong in entering this trade at the very beginning? Should I have entered more lots when at %50 fib retracement?

http://www.forexfactory.com/attachme...1&d=1223060283

1 thing for sure..is u r going against the strong D Trend..buddy...
SL shd b tight...if u r trading this kind..of trade...
If u r lucky, u may have catch the reversal,,, but ... it doens't happen mos of t time...

EU has short back down ..due to the bill is passed and trumbling oil price...

Sonic
  • #17,300
  • Oct 3, 2008 5:45pm Oct 3, 2008 5:45pm
Hello everyone! Firstly, I want to say thank you to Phillip Nel for this strategy sharing. I liked it very much, but i recognized that my MACD graphic is a little bit different than everyone is showing in other posts. For example post Nr. 17296. Please, can anybody tell me why my MACD signals are not the same as you are showing. I use Metatrader 4.
Attached Image (click to enlarge)
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