4 Hour Strategy (MACD) | Page 882 | 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)

  • #17,621
  • Oct 29, 2008 6:38pm Oct 29, 2008 6:38pm
The EurUsd, and the USDJPY, touch 89 EMA, what next? what do you think?

The Eurusd breack a nice channel, but the usdjpy are on the top of one.

thank

MM
  • #17,622
  • Oct 29, 2008 7:12pm Oct 29, 2008 7:12pm
Quoting myn5054
The EurUsd, and the USDJPY, touch 89 EMA, what next? what do you think?

The Eurusd breack a nice channel, but the usdjpy are on the top of one.

thank

MM
Ok, i go first

For me the eurusd, go to 1.2960, the top, if we didnīt see yet, is 1.3250.

for the USDJPY, the possible top 99.60, and we have a possibility for 96,52.
  • #17,623
  • Edited Oct 30, 2008 1:54am Oct 29, 2008 10:15pm | Edited Oct 30, 2008 1:54am
Quoting edeyj999
Phillip,

I want to back you up on this. I have traded both your 5 minute and 4 hour systems during October. I have used the 1 hour timeframe for signals when the market has been particularly volatile and it has worked.

I have had a 66% success rate with the 5 minute system and a 75% success rate with the 4 hour. My account is up by 27% in value during this month alone. This during a period when my stocks have been diving (what is your secret with stocks?).

So, thank you for your teachings and two very good systems.

I agree. Thanks Phil for sharing this great system with us and spending so much of your time helping us become better traders.
Before I traded this system, about 6 months ago, I would have made loss after loss after loss in a volatile environment like this. Now I am consistently profitable. It even surprises me that in a volatile environment like this that I am not only making pips but lots of them.
  • #17,624
  • Oct 30, 2008 1:34am Oct 30, 2008 1:34am
Phillip,
Again, thanks for your effort. I primarily use your 5 min. system and it has been working quite well. I do have a question regarding the signal candle on this latest trade...pull back to the 21 and then the move to the 89. Was your signal candle the doji, spinner, or the one following the spinner. As for the last individual who said this system doesn't work, I would not concern yourself with the nay-sayers. They are always going to be there and I believe the majority of them can not be changed. You have succeed in changing a lot of peoples lives and that you should be proud of. Thank again
Raymond
  • #17,625
  • Oct 30, 2008 2:42am Oct 30, 2008 2:42am
Quoting Morelands
Phillip,
Again, thanks for your effort. I primarily use your 5 min. system and it has been working quite well. I do have a question regarding the signal candle on this latest trade...pull back to the 21 and then the move to the 89. Was your signal candle the doji, spinner, or the one following the spinner. As for the last individual who said this system doesn't work, I would not concern yourself with the nay-sayers. They are always going to be there and I believe the majority of them can not be changed. You have succeed in changing a lot of peoples lives and that you should be proud of. Thank again
Raymond
good point.there is always easy to say NO,i cannot,this doesnt work,that doesnt work,...
this thread is not about MACD itself ,macd just help us .the importamt thing is the market rythm .if one knows that by heart (as phillip said) he can trade in every time frame even without any indicator.
here is my biggest thanks to phillip to learn me market rythm ,not H4macd system .i can use it from wekkly to M1 chat depends on the market speed ,so if a person cannot recognise the market speed to manage his stoploss ,its his problem not the systems problem .
im sure market will come to the normal situation (i would say unfortunetly because i like this huge moves it can be very profitable) and normal stoplosses for H4 charts again .it may happend every 4,5 years and alot of people have big losses during this situation ,so the last point ,if this system made u stay away of big losses then OK,this is a good thing for u, there is no problem to stay out 1,2 months in 4,5 years
  • #17,626
  • Oct 30, 2008 2:47am Oct 30, 2008 2:47am
ok bit of a newy here.... ive been going thhrough all the mp3's and pdfs on the first page that are reccomended....

do you people reccommend i go through the WHOLE THREAD or just now go through every page and look at Phil's posts?
Grabbing the bull by the horns!
  • #17,627
  • Oct 30, 2008 5:09am Oct 30, 2008 5:09am
Quoting whitegoodman
ok bit of a newy here.... ive been going thhrough all the mp3's and pdfs on the first page that are reccomended....

do you people reccommend i go through the WHOLE THREAD or just now go through every page and look at Phil's posts?
I asked myself the same question when I first came upon the thread and quickly came to the solution that it was not practical to read the whole thread.

However, all of the important stuff is linked to from page 1 and on Palmer's website. That's the place to start. And, I would advise that you follow Phillip's recommendation to back test and forward test for at least 30 trades (or more) until you are comfortable with what you are doing.

Welcome and successful trading.
James The Beekeeper
  • #17,628
  • Oct 30, 2008 6:25am Oct 30, 2008 6:25am
Quoting whitegoodman
ok bit of a newy here.... ive been going thhrough all the mp3's and pdfs on the first page that are reccomended....

do you people reccommend i go through the WHOLE THREAD or just now go through every page and look at Phil's posts?
The great thing about this method is that it is the same since Post #1. You can download the practice charts from the website, print them out, and make notes all over them. That helps a lot. Look of the set-ups and see how the market reacts. Get a handle on the 4hr charts first before choosing to venture to the 1hr entries.

***

I 'thought' I would have more time here this week but I've had a 9 to 5 class for work all week that is finished tomorrow....Learning a new statistical software package....I'll use my own gun to end the madness. I'm hoping next week will give me more time here.

Per last week:

The EU gave a TC back to the 21 with the 1hr ADX -DM/+DM cross. The second TC, red vertical line, was a no entry because the close was above the 21. The 1hr ADX during that time (gray colored square) showed a strong +DM with no cross for an entry giving more support to the move up...
Attached Images
  • #17,629
  • Edited 10:32am Oct 30, 2008 8:44am | Edited 10:32am
Quoting Morelands
Phillip,
Again, thanks for your effort. I primarily use your 5 min. system and it has been working quite well. I do have a question regarding the signal candle on this latest trade...pull back to the 21 and then the move to the 89. Was your signal candle the doji, spinner, or the one following the spinner. As for the last individual who said this system doesn't work, I would not concern yourself with the nay-sayers. They are always going to be there and I believe the majority of them can not be changed. You have succeed in changing a lot of peoples lives and that you should be proud of. Thank again
Raymond
Hi
Both the doji and the spinner was the confirmation for me. The doji with the tail down to the 21ema was the biggest confirmation. I entered a bit late after the spinner because I only came to the computor then.

+370pips. Dont have to trade November.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 Hour Strategy.gif Size: 21 KB
  • #17,630
  • Oct 30, 2008 12:15pm Oct 30, 2008 12:15pm
I know this system is designed for EURUSD and GBPUSD, but what other pairs do people trade? and in general, how many pairs do people follow?

Thx, JTD
pessimism of the intellect and optimism of the will
  • #17,631
  • Oct 30, 2008 12:40pm Oct 30, 2008 12:40pm
Quoting jerrythedurst
I know this system is designed for EURUSD and GBPUSD, but what other pairs do people trade? and in general, how many pairs do people follow?

Thx, JTD

I trade USDJPY and EURUSD, my personal goal is 2% a week
  • #17,632
  • Oct 30, 2008 1:22pm Oct 30, 2008 1:22pm
Quoting myn5054
I trade USDJPY and EURUSD, my personal goal is 2% a week
Is that because the EURUSD and GBPUSD are correlated or you just like the Yen?

If there are no setups on these pairs then you just don't trade?

I have 12 pairs that I monitor and trade the ones that are trending, it really is too much- sometimes I cut it down because it's easier, but then I miss big moves in the ones I ignore.
pessimism of the intellect and optimism of the will
  • #17,633
  • Oct 30, 2008 2:13pm Oct 30, 2008 2:13pm
jerrythedurst, I use to follow all the pairs but I was loosing my a.. narrow it down to two or less. I however have not had a trade in October the stoplosses are too big for me and It is hard for me to trade the 1hr due to my job.
  • #17,634
  • Oct 30, 2008 5:25pm Oct 30, 2008 5:25pm
Quoting jerrythedurst
Is that because the EURUSD and GBPUSD are correlated or you just like the Yen?

If there are no setups on these pairs then you just don't trade?

I have 12 pairs that I monitor and trade the ones that are trending, it really is too much- sometimes I cut it down because it's easier, but then I miss big moves in the ones I ignore.
I trade the yen only because i like it, and i feel confortable with it.

Is more confortable to me, follow only two currencys.

I use channels, price actions, and this strategy.
  • #17,635
  • Oct 30, 2008 6:30pm Oct 30, 2008 6:30pm
Quoting edeyj999
I asked myself the same question when I first came upon the thread and quickly came to the solution that it was not practical to read the whole thread.

However, all of the important stuff is linked to from page 1 and on Palmer's website. That's the place to start. And, I would advise that you follow Phillip's recommendation to back test and forward test for at least 30 trades (or more) until you are comfortable with what you are doing.

Welcome and successful trading.
yeh im gonna aim to do 50 trades as a forward test and atleast double $10,000 as a minimum...

is the 4hr (and 1hr) sytem meant to be used with the 5min system or is the 5 min system jsut meant to be used as a secondary system to get a few pips if you have time at your computer, with the 4hr as the main system?
Grabbing the bull by the horns!
  • #17,636
  • Oct 31, 2008 4:21am Oct 31, 2008 4:21am
Quoting whitegoodman
yeh im gonna aim to do 50 trades as a forward test and atleast double $10,000 as a minimum...

is the 4hr (and 1hr) sytem meant to be used with the 5min system or is the 5 min system jsut meant to be used as a secondary system to get a few pips if you have time at your computer, with the 4hr as the main system?
The 5 minute system can be followed stand-alone (which is what I do) or can be used in conjunction with the 4 hour system. Phillip gave an example of how he combines the two recently (if you go back a few pages you should be able to find it).

Be interested to see if you double your account in 50 trades - don't forget prudent money management!
James The Beekeeper
  • #17,637
  • Oct 31, 2008 6:42am Oct 31, 2008 6:42am
Quoting edeyj999
The 5 minute system can be followed stand-alone (which is what I do) or can be used in conjunction with the 4 hour system. Phillip gave an example of how he combines the two recently (if you go back a few pages you should be able to find it).

Be interested to see if you double your account in 50 trades - don't forget prudent money management!
yeh i shall see how i go i guess, put it this way after 50 demo trades and ive got a reasonable success rate with 2% money management ill have a little bit of a tinker, jsut that doubling would be a good way to confirm a strategy and its implementation
Grabbing the bull by the horns!
  • #17,638
  • Oct 31, 2008 8:09am Oct 31, 2008 8:09am
Hi,
Could you please forward me the link to Philip's 5 min system? I would really appreciate it.
Thanks,
Krishnan



Quoting MAD
Agreed. Even during this time of volatility, my accounts are still in the green as well. I made 123 pips this morning alone on EU with the 5 min system.

It's not the system that is faulty, it's the user's understanding of the current markets thats the problem.
  • #17,639
  • Oct 31, 2008 9:53am Oct 31, 2008 9:53am
Quoting Krishnan
Hi,
Could you please forward me the link to Philip's 5 min system? I would really appreciate it.
Thanks,
Krishnan
http://www.forexfactory.com/showthre...85#post2318585
  • #17,640
  • Oct 31, 2008 8:21pm Oct 31, 2008 8:21pm
Quoting Phillip Nel
Hi
Both the doji and the spinner was the confirmation for me. The doji with the tail down to the 21ema was the biggest confirmation. I entered a bit late after the spinner because I only came to the computor then.

+370pips. Dont have to trade November.
Can you explain to me why doji with tail down to the 21ema was the biggest confirmation?? Thanks again Phillip!
4 traders viewing now