4 Hour Strategy (MACD) | Page 65 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #1,281
  • Feb 26, 2007 8:50am Feb 26, 2007 8:50am
Quoting DireXiv
Looks like the signal from last night on the gbp/usd did show itself although it was later than most of us probably thought.... our s/l's were good, and I pulled completely out as it was a sunday night signal and the 200 sma was right there.... So, good job everyone that made that one work. It may still continue down another candle or so since it pulled back so far... so if your still in, be careful, but you may be ok (I sound like I know what I'm talking about?!!? )

gbp/usd: 13 on two lots each and 4 on the last for a total of: 30 pips.

On a personal note - my eur/jpy trade FINALLY came to fruition from last wednesday... 10 pips each on 2 lots and 29 on the last for 49 pips (I moved my targets to try and get out of the trade). Woo hoo! That was way too long. But thanks for the reinforcement that it was a good trade form PHillip and TwoEleven, I stayed in. I felt good about the trade too, but ... it just took awhile ya know?

Anycase, good luck to everyone today. Looks like some pairs are getting ready to show signals.

Direx,

I got in but got blown out of the water as SL was too tight on the cable today, later re-enter but the profit i made couldn't pay me back.

-30pips on cable, +20pips on Euro
  • #1,282
  • Edited 9:10am Feb 26, 2007 8:59am | Edited 9:10am
The 0:00-4:00 candle was the signal candle with first target to 200SMA.
20 Pips was on the cards. I was in bed at that time.

Update:
Price level should be 1.9600 on the chart.
Attached Image
  • #1,283
  • Feb 26, 2007 9:17am Feb 26, 2007 9:17am
That's too bad Maar. Stop losses can be tough, especially when first starting out. I just got confident in my stops a few weeks ago. Some things that helped me -

1. I had enough money in my account that I would live to trade again if my s/l was hit.

2. I used money management, and if the s/l was very large, I would only trade 1 lot (or not trade at all depending on R:R)... again, if it was hit... learn, and live to trade another day.

3. Once my stops got taken out time after time after time, I realized the most important thing - I would keep losing money, if I didn't get over my fear of setting my stop too high because "they" would keep coming after me and keep taking MY money!

4. With point #3, always set your s/l at least a couple pips above the point you actually think it will go (great advice from Phillip and somethign I've learned). Do this because you have a bunch of small guys setting their s/l where they "think" they'll be ok... then the "they's" know that, and go snatch all the small guys money. If you can weather that storm, many times the trade will be fullfilled. I can't tell you how many trades I've made on "good" technique and with a proper s/l set have come within jsut a coupel pips of getting taken out by "them" and then making money off the trade.

Pay attention to what the guys are posting for stoplosses when guys here announce trading intentions. Use and evaluate them on how they end up working out.

Together, let's all make some pips!

Edit: Anybody see anything good going on? I got noth'n really

Quoting maarf01
Direx,

I got in but got blown out of the water as SL was too tight on the cable today, later re-enter but the profit i made couldn't pay me back.

-30pips on cable, +20pips on Euro
DireXiv Make it happen, no one else is going to do it for you...
  • #1,284
  • Feb 26, 2007 9:34am Feb 26, 2007 9:34am
Quoting AlphaPip
Alcastro, my 21 MA is at 9589. Why is your's so much higher? According to the rules, it should be setup as exponential, right?

EDIT: It also appears that the 200SMA is showing all the support right now at 9614.

Hi Alpha, ur right with your 21 MA assesment. I just put my limit between the 8MA and the 21 MA. I am very conservative in my trades, and if I am not looking them, like now, I put my limit higher (if I am short) just to increase my probabilities.
  • #1,285
  • Feb 26, 2007 11:47am Feb 26, 2007 11:47am
I noticed that the MACD right now is about where it was 10 or so candles ago. BUT, the price is about 40 pips higher. I believe that is a sign of a Mid-term uptrend. I am currently short, but is this something to be concerned about? Thoughts?
  • #1,286
  • Feb 26, 2007 12:08pm Feb 26, 2007 12:08pm
Quoting AlphaPip
I noticed that the MACD right now is about where it was 10 or so candles ago. BUT, the price is about 40 pips higher. I believe that is a sign of a Mid-term uptrend. I am currently short, but is this something to be concerned about? Thoughts?
LOL Alpha, your pic sure shows how concerned you are!
I cannot help you because I cannot check my charts here, but hopefully somebody can.
  • #1,287
  • Feb 26, 2007 12:24pm Feb 26, 2007 12:24pm
Quoting AlphaPip
I noticed that the MACD right now is about where it was 10 or so candles ago. BUT, the price is about 40 pips higher. I believe that is a sign of a Mid-term uptrend. I am currently short, but is this something to be concerned about? Thoughts?

Which pair are you talking about.
Thx
  • #1,288
  • Feb 26, 2007 12:30pm Feb 26, 2007 12:30pm
Quoting Phillip Nel
Which pair are you talking about.
Thx
GBP/USD. MACD made a nice round top, but prices aren't following...
  • #1,289
  • Feb 26, 2007 12:35pm Feb 26, 2007 12:35pm
It did follow the rules with the nice round top. Several of us took the trade upon the initial candle confirmation and took profit as it hit the 200 sma. Since we are in an uptrend (above the 89 Ema0 the target was the 21 EMA. It may still make it to the 21 EMA, but the 200sma is getting in the way. For me the trade is over, and I took my pips to the piggy bank. Waiting on the return to the uptrend now whenever the signal will show it. Just my take.
DireXiv Make it happen, no one else is going to do it for you...
  • #1,290
  • Feb 26, 2007 12:53pm Feb 26, 2007 12:53pm
Quoting AlphaPip
GBP/USD. MACD made a nice round top, but prices aren't following...
It is fighting 1.9600, 200SMA (at the moment)plus trendline to confirm a short. I feel it wil have to show very soon which way. If you have some pips gain protect it against a loss should it turns upwards. There is a lot of emotion developing at the moment.

The 04:00 candle was the short signal with 20-25 pips to the 200SMA.
  • #1,291
  • Feb 26, 2007 12:55pm Feb 26, 2007 12:55pm
Quoting DireXiv
It did follow the rules with the nice round top. Several of us took the trade upon the initial candle confirmation and took profit as it hit the 200 sma. Since we are in an uptrend (above the 89 Ema0 the target was the 21 EMA. It may still make it to the 21 EMA, but the 200sma is getting in the way. For me the trade is over, and I took my pips to the piggy bank. Waiting on the return to the uptrend now whenever the signal will show it. Just my take.

That was the strategy. Well done. 20-25 Pips to the 200SMA. Wait for trend continuation pattern.
  • #1,292
  • Feb 26, 2007 12:59pm Feb 26, 2007 12:59pm
I just have a feeling that if it breaks down below the trendline and 1.9600 it is going to ignaore the 21EMA and will go to the 89SMA.
There is two tails showing upwards including the current candle. They are not significant but they are there.
Will wait and see.
  • #1,293
  • Feb 26, 2007 1:13pm Feb 26, 2007 1:13pm
Thoughts on seeing trend continuation? If it breaks the 159 level, I think I'm in..... We are in and uptrend.
DireXiv Make it happen, no one else is going to do it for you...
  • #1,294
  • Feb 26, 2007 1:22pm Feb 26, 2007 1:22pm
Quoting Phillip Nel
It is fighting 1.9600, 200SMA (at the moment)plus trendline to confirm a short. I feel it wil have to show very soon which way. If you have some pips gain protect it against a loss should it turns upwards. There is a lot of emotion developing at the moment.

The 04:00 candle was the short signal with 20-25 pips to the 200SMA.
I already closed 1/2 the position at +22. Move the S/L on the other 1/2 to B/E.
  • #1,295
  • Feb 26, 2007 1:30pm Feb 26, 2007 1:30pm
Quoting AlphaPip
I already closed 1/2 the position at +22. Move the S/L on the other 1/2 to B/E.
Good. At least you give yourself the chance should it breaks down. Remember that according to the trendline I have we had a breakout on Friday and the price tend to return to the breakout level before continuing its course in this case upwards
  • #1,296
  • Feb 26, 2007 1:33pm Feb 26, 2007 1:33pm
Quoting DireXiv
Thoughts on seeing trend continuation? If it breaks the 159 level, I think I'm in..... We are in and uptrend.

Thanks for the other time.

On Eur/JPY do you look at your daily chart? Please, have a look and pass your comment.
  • #1,297
  • Feb 26, 2007 1:39pm Feb 26, 2007 1:39pm
Quoting DireXiv
Thoughts on seeing trend continuation? If it breaks the 159 level, I think I'm in..... We are in and uptrend.
Be carefull. Check the previous downmoves. If price breaks below 21EMA it tend to test it again before moving down to 89SMA.(Standard rule)

The signal was the 8:00 candle with first target at 21EMA and rest at 89SMA.

The previous candle is a bullish one so we can have an up but I will wait for the MACD to confirm with 1.5950-60 as target.

Update:
Sorry I forget about the time difference. Yours might look different.
  • #1,298
  • Feb 26, 2007 1:49pm Feb 26, 2007 1:49pm
THanks Phillip. I rode it down, and was looking to ride it back up if it comes. I'll have to write that as one of my rules. Another one of those steps. I think you have mentioned that rule several times, but now it is really sinking in.... so much info to get one's head around

Edit: my candle is pushing past the 21 ema with the price level being the last barrier. That's why I was saying in after that. However, I'm trying to keep my eyes on my MIG demo too. So, I'll wait and see what happens for a bit.

Quoting Phillip Nel
Be carefull. Check the previous downmoves. If price breaks below 21EMA it tend to test it again before moving down to 89SMA.(Standard rule)

The signal was the 8:00 candle with first target at 21EMA and rest at 89SMA.

The previous candle is a bullish one so we can have an up but I will wait for the MACD to confirm with 1.5950-60 as target.1

Update:
Sorry I forget about the time difference. Yours might look different.
DireXiv Make it happen, no one else is going to do it for you...
  • #1,299
  • Feb 26, 2007 1:51pm Feb 26, 2007 1:51pm
Quoting Phillip Nel
Be carefull. Check the previous downmoves. If price breaks below 21EMA it tend to test it again before moving down to 89SMA.(Standard rule)

The signal was the 8:00 candle with first target at 21EMA and rest at 89SMA.

The previous candle is a bullish one so we can have an up but I will wait for the MACD to confirm with 1.5950-60 as target.

Update:
Sorry I forget about the time difference. Yours might look different.
Phillip, which is your time zone? Just to know which is the candle you are talking about.

Thanks
  • #1,300
  • Feb 26, 2007 1:58pm Feb 26, 2007 1:58pm
Quoting alcastro
Phillip, which is your time zone? Just to know which is the candle you are talking about.

Thanks
My 4hour candle have closed 57min ago for 20:00. I am GMT+2
10 traders viewing now