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4 Hour Strategy (MACD)

  • #17,521
  • Oct 21, 2008 2:11am Oct 21, 2008 2:11am
Thats trading for you. You will need to learn disipline and patience if you are to succeed. There can be days that pass where I don't trade. e.g today i feel I have missed an entry on the EurJpy cos I was asleep. I missed a TC on the 1H GBPJPY for 100pips. Get the rhythm sorted in your head for the 4H first. Once you can demo trade at least 30 trades per pair with that and are sucessfull then think about live account. Phillip said last week when its volatile if you have high probability trades on 4H only take on TC's on the 1H that are in the same direction.

Nothing in life worth doing is ever easy, but hard work will get you there. What I found that helped is to not over analysis. Set your clock for 15mins before the end of your 4H bar. Mine is 7AM, 11AM, 3PM, 7PM, 11PM, 3AM. Concentrate on trades at those times when you start out. I have been trading for over two years and only now am I seeing +pips every month. I still make mistakes (Euro yesterday) and learn something new with every trade.

Good Luck.
  • #17,522
  • Oct 21, 2008 2:59am Oct 21, 2008 2:59am
Quoting neilbuc
Thats trading for you. You will need to learn disipline and patience if you are to succeed. There can be days that pass where I don't trade. e.g today i feel I have missed an entry on the EurJpy cos I was asleep. I missed a TC on the 1H GBPJPY for 100pips. Get the rhythm sorted in your head for the 4H first. Once you can demo trade at least 30 trades per pair with that and are sucessfull then think about live account. Phillip said last week when its volatile if you have high probability trades on 4H only take on TC's on the 1H that are in the same direction.

Nothing in life worth doing is ever easy, but hard work will get you there. What I found that helped is to not over analysis. Set your clock for 15mins before the end of your 4H bar. Mine is 7AM, 11AM, 3PM, 7PM, 11PM, 3AM. Concentrate on trades at those times when you start out. I have been trading for over two years and only now am I seeing +pips every month. I still make mistakes (Euro yesterday) and learn something new with every trade.

Good Luck.
This is a very good summary.

Of course, Phillip is trying to help traders that are experienced with this strategy with extra ideas to make profit but he always stresses the need to get the 4 hour strategy firmly embedded before moving on to other TFs.

We all need to learn to "walk before we run". Just look at Phillip's spreadsheet of 4 hour trades and take comfort that even if you only trade at that level then there are profits to be made.
James The Beekeeper
  • #17,523
  • Oct 21, 2008 4:37am Oct 21, 2008 4:37am
Quoting ssq
it seems that the 5 minute strategy uses 10ema,21 ema,50sma.not the same as 4h MACD!!!
seems like??or sure?? i'll change to test it later,and see how's the result,so that we can find the best entry and exit point by using smaller timeframe and combined it with 4H MACD
  • #17,524
  • Oct 21, 2008 5:01am Oct 21, 2008 5:01am
Quoting booyu
seems like??or sure?? i'll change to test it later,and see how's the result,so that we can find the best entry and exit point by using smaller timeframe and combined it with 4H MACD
Hi. You might have missed this thread.

http://www.forexfactory.com/showthread.php?t=11854

It is exactly what you're looking for.
  • #17,525
  • Oct 21, 2008 6:51am Oct 21, 2008 6:51am
i think it could be a good example of H1 entry(look at the MACD and ADX),the only problem was that the triangle atill have not broken
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  • #17,526
  • Oct 21, 2008 7:00am Oct 21, 2008 7:00am
EU at a significant area here. This is the weekly chart and it's hitting a long term support point. If this is broken, the next 'area' might be 2850....Again, this is weekly. Can't squish the 4hr down enough...
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  • #17,527
  • Oct 21, 2008 9:22am Oct 21, 2008 9:22am
the MACD signal is changing from red to green , green to red with the same bar within the 4 hours. how to determine the signal? when i saw was green, which cause me to make a long position, but later the MACD bar changed. sorry for my poor english.does anyone help me?
  • #17,528
  • Oct 21, 2008 9:45am Oct 21, 2008 9:45am
Quoting choontianz2
the MACD signal is changing from red to green , green to red with the same bar within the 4 hours. how to determine the signal? when i saw was green, which cause me to make a long position, but later the MACD bar changed. sorry for my poor english.does anyone help me?
u should wait for the close of H4 candle .when it close the color of macd will fix in one of green or red colors
  • #17,529
  • Oct 21, 2008 11:46am Oct 21, 2008 11:46am
thank for your advice. do u mean when i see the signal , then i wait for bar to close and enter in the next bar?
  • #17,530
  • Oct 21, 2008 12:01pm Oct 21, 2008 12:01pm
Quoting choontianz2
thank for your advice. do u mean when i see the signal , then i wait for bar to close and enter in the next bar?
yes .u should enter on the opening of the next candle
  • #17,531
  • Oct 21, 2008 12:06pm Oct 21, 2008 12:06pm
Here is the link to the 5min system
http://www.forexfactory.com/showthread.php?t=11854

The EurUsd had exactly the same rhythm than the GbpUsd. You could have used the same approach.
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File Type: zip Shorterm With Rhythm.zip   828 KB | 1,207 downloads
  • #17,532
  • Oct 21, 2008 12:10pm Oct 21, 2008 12:10pm
Quoting booyu
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?

It is all on page 1 of this thread with page number and post number. Go through all of it.
  • #17,533
  • Oct 21, 2008 3:23pm Oct 21, 2008 3:23pm
Quoting Phillip Nel
Here is the link to the 5min system
http://www.forexfactory.com/showthread.php?t=11854

The EurUsd had exactly the same rhythm than the GbpUsd. You could have used the same approach.
Phillip, thanks for this very clear explanation.

I have been demo'ing your 5 minute strategy for a while with some success. However, I like this method of combining the two strategies. I would also recommend Palmer's 1 hour ADX as a fine way to get into a trade early - it also works well.
James The Beekeeper
  • #17,534
  • Oct 21, 2008 9:34pm Oct 21, 2008 9:34pm
Quoting Phillip Nel
It is all on page 1 of this thread with page number and post number. Go through all of it.
Ok,thanks for that! so now what we are going to do is use the 5 min to find the enter and exit points and use 4H to find the trend or somethings. combine 5 min and 4H chart together,isn't like that?
  • #17,535
  • Oct 21, 2008 9:38pm Oct 21, 2008 9:38pm
hey guys,can anyone explain to me why EURUSD keep dropping and I don't know how to do in this situation,i cant find any signal from macd or anythings..
  • #17,536
  • Oct 21, 2008 9:45pm Oct 21, 2008 9:45pm
Is there any kind guy who has translated these day's wrap up?
Plan your trades and trade your plans
  • #17,537
  • Oct 21, 2008 9:52pm Oct 21, 2008 9:52pm
booyu::::just wait!!!
  • #17,538
  • Oct 21, 2008 11:05pm Oct 21, 2008 11:05pm
Quoting ssq
booyu::::just wait!!!
hahha,okok!!
  • #17,539
  • Edited 11:36pm Oct 21, 2008 11:21pm | Edited 11:36pm
Quoting Phillip Nel
Here is the link to the 5min system
http://www.forexfactory.com/showthread.php?t=11854

The EurUsd had exactly the same rhythm than the GbpUsd. You could have used the same approach.
Anyone can make the tape into .pdf..? thx ..
  • #17,540
  • Oct 22, 2008 12:37am Oct 22, 2008 12:37am
Quoting booyu
hey guys,can anyone explain to me why EURUSD keep dropping and I don't know how to do in this situation,i cant find any signal from macd or anythings..
In situations like this you should use a short term strategy.
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