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4 Hour Strategy (MACD)

  • #17,541
  • Edited Oct 22, 2008 1:00am Oct 21, 2008 11:38pm | Edited Oct 22, 2008 1:00am
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 technical we ususally dont looking for whys and we dont try to FIND a signal or FIND a trade .market should come to u ,not u force yourself to trade.if u cannot trade in this situation its better to stay out or go to the lower TF .
  • #17,542
  • Oct 22, 2008 1:01am Oct 22, 2008 1:01am
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..

US Dollar Remains the Currency of Choice As Traders Avoid Risk
Just when we thought that risk sentiment was improving a bit, flight-to-safety led to huge gains for the US dollar and Treasuries and losses for stocks and commodities on Tuesday. A slew of new intervention efforts were announced, including the French government’s decision to lend a total of 10.5 billion euros to six French banks, including Crédit Agricole, BNP Paribas, and Société Générale. Meanwhile, the Federal Reserve created yet another lending facility, the Money Market Investor Funding Facility (MMIFF), which is meant to support a private-sector initiative that will provide liquidity to US money market investors. JPMorgan will run five units that will buy up to $600 billion of certificates of deposit, bank notes and commercial paper with a remaining maturity of 90 days or less and the Fed will provide up to $540 billion of those funds .

From a fundamental perspective, there is little in the way of positive news from the US and it is clear that risk aversion is driving the dollar’s rally. While overnight interest rates continue to fall, the fact that various government efforts still need to be implemented to try to boost liquidity suggests that investor confidence has still not improved substantially. This leaves the odds in favor of US dollar strength, even though economic data suggests the country is in the midst of recession.

*dailyfx.com
  • #17,543
  • Oct 22, 2008 1:29am Oct 22, 2008 1:29am
Quoting saka
Is there any kind guy who has translated these day's wrap up?
Hi Saka,

Here is a written version of post 17499 page 1167.
Attached File(s)
File Type: txt EURUSD.txt   4 KB | 504 downloads
  • #17,544
  • Oct 22, 2008 2:37am Oct 22, 2008 2:37am
Quoting xeneric
Hi Saka,

Here is a written version of post 17499 page 1167.
Kinnnnnnnnnnnd guy, xeneric, very appreciative
Plan your trades and trade your plans
  • #17,545
  • Oct 22, 2008 7:52am Oct 22, 2008 7:52am
Quoting xeneric
Hi Saka,

Here is a written version of post 17499 page 1167.
Thank you very much for the txt file. But it looks like does not make sense to me. Would anyone please post the written copy of "shortterm with rhythm"? Thank you very very much!
  • #17,546
  • Oct 22, 2008 8:07am Oct 22, 2008 8:07am
Quoting blackmovie
Thank you very much for the txt file. But it looks like does not make sense to me. Would anyone please post the written copy of \"shortterm with rhythm\"? Thank you very very much!
Dear Blackmovie, I dont think its so hard to read at least first page and download attached file or use search to find relevant post with file.

Good luck with your trades.

PS> written copy of "The heart of this system"@ Page 682 Post 10227
  • #17,547
  • Oct 22, 2008 9:51am Oct 22, 2008 9:51am
Hi Phillip,

I see from the 5m chart you posted you are using fractals. What´s your experience using fractals? Do you use them also on the 4hr?

Thanks for your time,

Francisco


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.
  • #17,548
  • Oct 22, 2008 10:08am Oct 22, 2008 10:08am
Quoting fjaragon
Hi Phillip,

I see from the 5m chart you posted you are using fractals. What´s your experience using fractals? Do you use them also on the 4hr?

Thanks for your time,

Francisco
Not really. It helps to see the closest sort of top and bottom for profit targets and possible stoploss placements
  • #17,549
  • Edited 11:48am Oct 22, 2008 11:25am | Edited 11:48am
first of all can someone tell me how profitable is this? Do you have more winning trades than losing trades?

What is your win/loss ratio?

Is this system open to interpretation for entry/exit or is it clear cut and exact when it comes to entry? this can determine whether you succeed or fail!!!

i'm not reading through 1200 pages if its a lemon.

thanks
  • #17,550
  • Oct 22, 2008 1:42pm Oct 22, 2008 1:42pm
thank you for sharing about MACD, I think its good strategy


agung pambudi
www.shareebook.wordpress.com (forex e-book foe free)
  • #17,551
  • Oct 22, 2008 1:54pm Oct 22, 2008 1:54pm
Quoting sed34
first of all can someone tell me how profitable is this? Do you have more winning trades than losing trades?

What is your win/loss ratio?

Is this system open to interpretation for entry/exit or is it clear cut and exact when it comes to entry? this can determine whether you succeed or fail!!!

i'm not reading through 1200 pages if its a lemon.

thanks
Do you think the thread would have existed as long as it has with the number of posts it has if the system is, as you put it, "a lemon"?
James The Beekeeper
  • #17,552
  • Oct 22, 2008 2:20pm Oct 22, 2008 2:20pm
Quoting sed34
first of all can someone tell me how profitable is this? Do you have more winning trades than losing trades?

What is your win/loss ratio?

Is this system open to interpretation for entry/exit or is it clear cut and exact when it comes to entry? this can determine whether you succeed or fail!!!

i'm not reading through 1200 pages if its a lemon.

thanks
Doesn't matter if your have more winners that losers in trading. Its about money managment. The best traders in the world only manage about 45% winners, however their winners are far greater in $ value that their losers. Trading is not an exact science. Phillip posted some deals a few pages back:

http://www.forexfactory.com/showthre...4630&page=1167

You don't need to read pages, just goto page 1 and get the info. Its all there to succeed.

There are very few get rich quick schemes, bar the lottery, there are however many get rich slowly schemes if you can put in the effort. Trading and this strategy is one of them. DYOR and Good Luck.
  • #17,553
  • Oct 22, 2008 2:36pm Oct 22, 2008 2:36pm
Anyone take on the 1H TC at the 16:00 Candle. I don't know how I missed it. Work probably!! SL was about 50pips and you should have easily got 150 with trailing stop. It was the spinner on the 4H then the movement away from 8EMA that would have done it for me.

http://home.btconnect.com/footy2008/Capture.JPG
  • #17,554
  • Oct 22, 2008 6:58pm Oct 22, 2008 6:58pm
Quoting edeyj999
Do you think the thread would have existed as long as it has with the number of posts it has if the system is, as you put it, \"a lemon\"?
i've been to many forums and found many trading systems that had numerous pages, but a lot of those pages were just complaints, revisions, questions, small talk and at the end the general consensus was it did not work. There is a thread on here called eur/usd. you will be surprised at how much nonsense goes on in there.

how much have you made?
  • #17,555
  • Oct 22, 2008 7:02pm Oct 22, 2008 7:02pm
Quoting neilbuc
Doesn't matter if your have more winners that losers in trading. Its about money managment. The best traders in the world only manage about 45% winners, however their winners are far greater in $ value that their losers. Trading is not an exact science. Phillip posted some deals a few pages back:

http://www.forexfactory.com/showthre...4630&page=1167

You don't need to read pages, just goto page 1 and get the info. Its all there to succeed.

There are very few get rich quick schemes, bar the lottery, there are however many get rich slowly schemes if you can put in the effort. Trading and this strategy is one of them. DYOR and Good Luck.
thanks for the help. is this profitable for you?
  • #17,556
  • Edited 8:28pm Oct 22, 2008 7:33pm | Edited 8:28pm
Quoting blackmovie
Thank you very much for the txt file. But it looks like does not make sense to me.
Hi Blackmovie,

Perhaps what you need to do is to read and understand the 4 hr Strategy as well as Phil's 5 minute Intraday strategy. In the post referred to in the txt file, Phil is combining both strategies so that we can use the rhythm of the 4 hour to anticipate direction and then use the 5 minute system to get a more accurate entry in this very volatile environment. At the same time, he emphasises that what he is teaching right now is not to be misunderstood as being part of the 4 hour system.
  • #17,557
  • Oct 22, 2008 10:32pm Oct 22, 2008 10:32pm
Hey guys,can someone tell me that,for the 4H,1H and 30 minutes charts,what period of EMA and SMA should use? same as the 4H?
I know that 5 minutes chart is different with the 4H which is 50SMA,21EMA and 10EMA.So for the 1H and 30minutes,which period should i use??
  • #17,558
  • Oct 22, 2008 11:18pm Oct 22, 2008 11:18pm
booyu:same as the 4h....
  • #17,559
  • Oct 22, 2008 11:48pm Oct 22, 2008 11:48pm
Quoting sed34
i've been to many forums and found many trading systems that had numerous pages, but a lot of those pages were just complaints, revisions, questions, small talk and at the end the general consensus was it did not work. There is a thread on here called eur/usd. you will be surprised at how much nonsense goes on in there.

how much have you made?
I think the magnitude may just be a little different!

In terms of how much I have made - well, that's a bit of a personal question, don't you think. Let's just say I am in profit and wouldn't continue with this thread if I wasn't. Is that good enough for you?

Suggest you put in a little leg work rather than just pepper the forum with questions.
James The Beekeeper
  • #17,560
  • Oct 22, 2008 11:56pm Oct 22, 2008 11:56pm
Quoting sed34
thanks for the help. is this profitable for you?
Why don't you learn the method and find out for yourself

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