4 Hour Strategy (MACD) | Page 876 | 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)

  • #17,501
  • Oct 20, 2008 9:43am Oct 20, 2008 9:43am
oh, this is funny, I longed eu at 16th Oct. 21:00, according to my experience, eu would have a rebouce, so I hold this postion. (only 1 lot, thus I can make sl longer)

until 12:00, I thought this triangle breakout would be success, but when I came home, I found that I am already out with BE, FX is really volatile, some % management is important, if I had 2 lots, I would have closed 1 lot in case of reaserve.

I still have a long way to go, isn't it Phillip
Plan your trades and trade your plans
  • #17,502
  • Edited 9:58am Oct 20, 2008 9:46am | Edited 9:58am
Quoting 4newbie
Phillip what do tou think abpit usd/cad ? seems that it is pretty good settings

I dont watch this pair on long term but it is a nice setup. Bullish bar over 120pips so stoploss can be problem.

Edit.
I bought it on shortterm at 1.1932 and on 15trailing stop

Edit
Closed at 1.1958 for 26pips
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 3 KB
  • #17,503
  • Oct 20, 2008 9:46am Oct 20, 2008 9:46am
nice TC with TL breaking down .i went down to M5 to find an entry
closed for 30pips very fast
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 19 KB
  • #17,504
  • Oct 20, 2008 10:01am Oct 20, 2008 10:01am
Quoting 4newbie
Phillip what do tou think abpit usd/cad ? seems that it is pretty good settings
i was waiting to bounce of the TL again .(i had bought it at 1.14 when it was bouncing from the TL last time).but my only problem was the upper TL so i didnt buy this time
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 15 KB
  • #17,505
  • Oct 20, 2008 10:07am Oct 20, 2008 10:07am
Quoting Phillip Nel
You went in a little bit late but that was not to serious. On other occations you will be OK 7/10 times.
yes , i exactly think the same ,this was one of those bad lucks.(i really hate to use the word "luck" but seems it play role for me and who dont know all of things about market)
  • #17,506
  • Oct 20, 2008 10:15am Oct 20, 2008 10:15am
Quoting Phillip Nel
Info
What TF of the inset u had it on the 4H chart? Is that the 5min intraday system?
  • #17,507
  • Edited 10:59am Oct 20, 2008 10:24am | Edited 10:59am
This is not part of the 4Hour MACD strategy but I am showing you this so that you can see that by studying the market rhythm you can make money on a shortterm strategy with the knowledge obtained through the 4H system.
I have done very well today.

I also make mistakes and take chances. The second last trade I was trying to get the bottom of the Eur move and it cost me $195
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 23 KB
  • #17,508
  • Oct 20, 2008 10:26am Oct 20, 2008 10:26am
Quoting Nigel
What TF of the inset u had it on the 4H chart? Is that the 5min intraday system?
That is the 5min system on this forum at this stage managed by Golfer
  • #17,509
  • Oct 20, 2008 10:36am Oct 20, 2008 10:36am
Quoting Phillip Nel
This is not part of the 4Hour MACD strategy but I am showing you this so that you can see that by studying the market rhythm you can make money on a shortterm strategy with the knowledge obtained through the 4H system.
I have done very well today.

I also make mistakes and take chances. The second last trade I was trying to get the bottom of the Eur move and it cost me $195
Sir... may I ask you whether this is demo trade, really awesome
Plan your trades and trade your plans
  • #17,510
  • Oct 20, 2008 10:36am Oct 20, 2008 10:36am
Quoting Phillip Nel
This is not part of the 4Hour MACD strategy but I am showing you this so that you can see that by studying the market rhythm you can make money on a shortterm strategy with the knowledge obtained through the 4H system.
I have done very well today.

I also make mistakes and take chances. The second last trade I was trying to get the bottom of the Eur move and it cost me $195

on which TF you trade like that? and which indicators do you use?
  • #17,511
  • Oct 20, 2008 10:39am Oct 20, 2008 10:39am
Quoting saka
Sir... may I ask you whether this is demo trade, really awesome
oh, I forgot, you are standard account, I am mini account......
Plan your trades and trade your plans
  • #17,512
  • Oct 20, 2008 10:40am Oct 20, 2008 10:40am
Quoting 4newbie
on which TF you trade like that? and which indicators do you use?
It is not the indicators, but the market rhythm that will make you lots of pips. That is what Phillip trying to imply.
  • #17,513
  • Oct 20, 2008 11:02am Oct 20, 2008 11:02am
Quoting Nigel
It is not the indicators, but the market rhythm that will make you lots of pips. That is what Phillip trying to imply.

It is not so much to know exactly how the market moves but rather when the market moves in a certain way which you know have produced pips in the past and when it moves in that way that it is stable and nice flowing then you can use any shortterm strategy and you will make pips.
  • #17,514
  • Oct 20, 2008 11:19am Oct 20, 2008 11:19am
Quoting Phillip Nel
It is not so much to know exactly how the market moves but rather when the market moves in a certain way which you know have produced pips in the past and when it moves in that way that it is stable and nice flowing then you can use any shortterm strategy and you will make pips.
errr Sir,can you explain more? I'm not quite understand
  • #17,515
  • Oct 20, 2008 11:22am Oct 20, 2008 11:22am
Quoting Phillip Nel
This is not part of the 4Hour MACD strategy but I am showing you this so that you can see that by studying the market rhythm you can make money on a shortterm strategy with the knowledge obtained through the 4H system.
I have done very well today.

I also make mistakes and take chances. The second last trade I was trying to get the bottom of the Eur move and it cost me $195
For Market Rhythm,Mr.Phillip,do you have a particular pdf or anything else for only study market rhythm? I have listened your mp3,but is there more than that?
  • #17,516
  • Oct 20, 2008 11:46am Oct 20, 2008 11:46am
Quoting Phillip Nel
This is not part of the 4Hour MACD strategy but I am showing you this so that you can see that by studying the market rhythm you can make money on a shortterm strategy with the knowledge obtained through the 4H system.
I have done very well today.

I also make mistakes and take chances. The second last trade I was trying to get the bottom of the Eur move and it cost me $195
well done.
2 questions:
1- i think u went down to M1 chart for some of those trades .i do use M1 chart for some of my entries but im really intrested in knowing how u use it .whould u plz show us one of them?(specially im intrested in ur eu sell at 1.3344 trade)
2-and i see counter trend trade there and i think u may dont do this in a real account .i hope im not speaking unpolite(because of my english ) but its always easy to have such results in a demo account but if they are in a real account then it will be VERY GREAT work. can i ask whether it is demo or real?(just wanna know how a master is threating in his real account)
thx alot
  • #17,517
  • Oct 20, 2008 5:58pm Oct 20, 2008 5:58pm
I've been having some PC issues lately. The main drag was the upgrade I downloaded for WinZip to get the files on the website somehow through everything out of wack. So the website update is a little behind. Still waiting on my registration key to be able to use the freaking program!! Anyway, I'm also running an EA so I'm juggling two copies of MT4 on the same PC and that caused a few burps also...writing files to the wrong folder. I did manage to take the TC of the 21 on the EU earlier today and bag about 80 pips. Been busy at work last week and will be for the next few days so my posting has been minimal. Like the market has it's cycles...so to does life.....
  • #17,518
  • Oct 20, 2008 8:37pm Oct 20, 2008 8:37pm
Quoting Phillip Nel
It is not so much to know exactly how the market moves but rather when the market moves in a certain way which you know have produced pips in the past and when it moves in that way that it is stable and nice flowing then you can use any shortterm strategy and you will make pips.

Hi phillip,

When you refer to the shorterm strategy using the market ryhthm. Are you
using the 3 rules of the market rhythm. eg, one of the rules. The part in your pdf where you mention that if the price breaks through 21 and tend to come back to 21. And if it is, what time frame are you using to profit.

I currently demo trading using your strategy. Last month. i am still able to
have some profit. But this month seems like dont have high probability trades. I not that skillful to make certain descision. Eg, Although the rythm is there, but the macd has a sharp top instead of a round top. Or a round top with only about a four bars. Kind of frustrating to wait for the perfect setup
when certain skill level is not there. or am i over cautious.

Regards
vincent
  • #17,519
  • Oct 20, 2008 9:28pm Oct 20, 2008 9:28pm
Quoting vincentlim
Hi phillip,

When you refer to the shorterm strategy using the market ryhthm. Are you
using the 3 rules of the market rhythm. eg, one of the rules. The part in your pdf where you mention that if the price breaks through 21 and tend to come back to 21. And if it is, what time frame are you using to profit.

I currently demo trading using your strategy. Last month. i am still able to
have some profit. But this month seems like dont have high probability trades. I not that skillful to make certain descision. Eg, Although the rythm is there, but the macd has a sharp top instead of a round top. Or a round top with only about a four bars. Kind of frustrating to wait for the perfect setup
when certain skill level is not there. or am i over cautious.

Regards
vincent
Yeah,i have the same question as you asked. Not sure how to determine,i mean which timeframe to determine the market rythm,is it able to use 8 and 21 in other time frame except 4H ?
  • #17,520
  • Oct 20, 2008 11:31pm Oct 20, 2008 11:31pm
it seems that the 5 minute strategy uses 10ema,21 ema,50sma.not the same as 4h MACD!!!
8 traders viewing now