4 Hour Strategy (MACD) | Page 80 | 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)

  • #1,581
  • Mar 1, 2007 11:24pm Mar 1, 2007 11:24pm
Quoting 5forMe
Anyone,

Entry Long 155.08
st 154.71
tp1 155.41 (MA 8)
tp2 156.15 (ma 365)

Round bottom and Higher Low for a trend reversal signal on Macd.
Also a doji.

Attachment

Any input or analysis would be helpful. I am trying to understand the good trades and signals, so if I am way off here please help me.

Thanks,
Nanette
Hi Nanette, yen pairs are notorious for 'tails'. You are only 30 pips away from SL. Should this pair again oscillate like from an earthquake you can be wiped out. Even if the recent low will be re-tested. Looks like your SL is 23% of fib retracement of the recent green candle. When I overlaid fib levels on the longest candle I've got 156.68. I practice such SL when a candle is wide. I just do not feel comfortable with 30 pips margin for yen. However, it depends on your own money management. If the risk is too high for MM, you may want to skip a trade.

You can easily compare your entry with the recent failed reversal of the same pair. Let's see: MACD gives a long signal @156.32 which is close of the green candle. We enter at the next candle open which is 156.31. And then see the low of the same candle - 155.93 which is 40 pips down. History is near. We need to have an acute eye. There were some posted entries yesterday on this forum with the same pair and our crooked yen took them out. Anyway, I understand you are in. Please, stick to the trade plan.

On a positive note, your plan can be backed up by the fact that the price rests on the trendline. See the chart.

Yours, Tamkras
Attached Image
  • #1,582
  • Mar 1, 2007 11:30pm Mar 1, 2007 11:30pm
Quoting Benf
I've found out that by using H4 candles I every time lose a bunch of pips because of late enter, and H4 signal is not more reliable than H1 is. Today I followed a RB (round bottom by Chandra's system of abbreviations) on H1 chart and it seems the trade runs very good.
Did somebody also try to trade on H1 chart signals as I did? I went long immediately when the last blue arrow (MACD bar #3) appeared though the candle was red.
http://forexbarometer.com/graph/h1-macd-20070227.gif
Hi Ben, You trade like a professional and you told me back that you don't have passion for trading.
Can you tell more about your affinity towards xxx/JPY?
Thanks.
-Chandra
PS: I have a couple of qustions posted for your response.
Thanks.
  • #1,583
  • Mar 1, 2007 11:40pm Mar 1, 2007 11:40pm
Quoting Palmer
What is the best way to tell if this is a trend continuation signal to the long side or a short back down to the 89ma which is the up-trendline as well?
Palmer, I just can not get the reason why you suspecting this to ne TC signal. Please explain for my own clarification.
Thank you.
-Chandra
  • #1,584
  • Mar 2, 2007 12:19am Mar 2, 2007 12:19am
Quoting 5forMe
Anyone,

Entry Long 155.08
st 154.71
tp1 155.41 (MA 8)
tp2 156.15 (ma 365)

Round bottom and Higher Low for a trend reversal signal on Macd.
Also a doji.

Attachment

Any input or analysis would be helpful. I am trying to understand the good trades and signals, so if I am way off here please help me.

Thanks,
Nanette
I checked 1ht for any TC. Nothing there.R;R to 1st TP seems ok. Analysis is quite good.
-Chandra
  • #1,585
  • Mar 2, 2007 12:20am Mar 2, 2007 12:20am
Quoting 5forMe
Anyone,

Entry Long 155.08
st 154.71
tp1 155.41 (MA 8)
tp2 156.15 (ma 365)

Round bottom and Higher Low for a trend reversal signal on Macd.
Also a doji.

Attachment

Any input or analysis would be helpful. I am trying to understand the good trades and signals, so if I am way off here please help me.

Thanks,
Nanette
It is counter-trend trade, though.
-Chandra
  • #1,586
  • Mar 2, 2007 12:22am Mar 2, 2007 12:22am
Quoting 5forMe
The price is moving against me at the moment..... Should I move my stop down and out of the way a little? Like at 154.50, I would still have good r:r to my tp2....? (I am still trading on a demo, but I want to treat it as real $$$)

Nanette
Sorry, I forgot to tell you about the SL. a bit more than the low of previous bar? BIG GUYS ARE always there!
-Chandra.
  • #1,587
  • Mar 2, 2007 12:37am Mar 2, 2007 12:37am
Quoting tamkras
Hi Nanette, yen pairs are notorious for 'tails'. You are only 30 pips away from SL. Should this pair again oscillate like from an earthquake you can be wiped out. Even if the recent low will be re-tested. Looks like your SL is 23% of fib retracement of the recent green candle. When I overlaid fib levels on the longest candle I've got 156.68. I practice such SL when a candle is wide. I just do not feel comfortable with 30 pips margin for yen. However, it depends on your own money management. If the risk is too high for MM, you may want to skip a trade.

You can easily compare your entry with the recent failed reversal of the same pair. Let's see: MACD gives a long signal @156.32 which is close of the green candle. We enter at the next candle open which is 156.31. And then see the low of the same candle - 155.93 which is 40 pips down. History is near. We need to have an acute eye. There were some posted entries yesterday on this forum with the same pair and our crooked yen took them out. Anyway, I understand you are in. Please, stick to the trade plan.

On a positive note, your plan can be backed up by the fact that the price rests on the trendline. See the chart.

Yours, Tamkras
Hi Tamkras,
How did you get that trend line. It is joining only 2 points. If there is no third point in a trend line then the line could be man-made trendline.-Chandra
  • #1,588
  • Mar 2, 2007 1:19am Mar 2, 2007 1:19am
looks like RB is forming on this pair.
long signal might appear later today or along with the opening of next week's session.
Attached Image
  • #1,589
  • Mar 2, 2007 1:25am Mar 2, 2007 1:25am
Quoting tamkras
Hi Nanette, yen pairs are notorious for 'tails'. You are only 30 pips away from SL. Should this pair again oscillate like from an earthquake you can be wiped out. Even if the recent low will be re-tested. Looks like your SL is 23% of fib retracement of the recent green candle. When I overlaid fib levels on the longest candle I've got 156.68. I practice such SL when a candle is wide. I just do not feel comfortable with 30 pips margin for yen. However, it depends on your own money management. If the risk is too high for MM, you may want to skip a trade.

You can easily compare your entry with the recent failed reversal of the same pair. Let's see: MACD gives a long signal @156.32 which is close of the green candle. We enter at the next candle open which is 156.31. And then see the low of the same candle - 155.93 which is 40 pips down. History is near. We need to have an acute eye. There were some posted entries yesterday on this forum with the same pair and our crooked yen took them out. Anyway, I understand you are in. Please, stick to the trade plan.

On a positive note, your plan can be backed up by the fact that the price rests on the trendline. See the chart.

Yours, Tamkras
Hi Nanette

I do agree with Tamkas - be aware of tails. I've tried to trade the US/JPY before and I was taken out by my stop loss 30 pips away (tail was about 55 pips). At this stage I only look at the ..../JYP charts to identify possibel trade set-up but I don't demo trade them. I want to get a feeling for them first.

Hope it is helpful.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,590
  • Mar 2, 2007 1:28am Mar 2, 2007 1:28am
Quoting Chandra
It is counter-trend trade, though.
-Chandra
Nanette

I do agree with Candra - be careful with counter-trend trades. Take profits if they do come your way.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,591
  • Mar 2, 2007 1:59am Mar 2, 2007 1:59am
Hi!

I’ve got two problems:

1) Do you always consider a 00 level as a barrier or a profit target?
When do you consider this level more important?
2) Two days ago (28.02) I went long on EUR/USD taking TC signal at the opening of the 20.00 candle (mig platform). Was it correct? Should I close my position when H&S signal came later?

Thanks

Woju2
  • #1,592
  • Mar 2, 2007 2:07am Mar 2, 2007 2:07am
Quoting Pipsi cola
looks like RB is forming on this pair.
long signal might appear later today or along with the opening of next week's session.
I do agree - I am still short with half of my trade since the earlier Head and Shoulder formation (enter @ 1.3223 05H20GMT yesterday). Phillip posted yesterday the trendline supporting the price where it is right now. Seems like the trendline is not going to be broken.

I do consider taking my profit anytime from now on.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,593
  • Mar 2, 2007 2:23am Mar 2, 2007 2:23am
Quoting 5forMe
Anyone,

Entry Long 155.08
st 154.71
tp1 155.41 (MA 8)
tp2 156.15 (ma 365)

Round bottom and Higher Low for a trend reversal signal on Macd.
Also a doji.

Attachment

Any input or analysis would be helpful. I am trying to understand the good trades and signals, so if I am way off here please help me.

Thanks,
Nanette
Hi Nanette!

I don't trade yen crosses...too volatile for me at the moment (just my thing), but you seemed to take a good signal with the trendline and MACD forming a double bottom.

Looks like a nice signal!
  • #1,594
  • Mar 2, 2007 2:26am Mar 2, 2007 2:26am
Quoting alcastro
Today I will not be able to trade. I do not have access to my laptop where i have all my charts. So I am using my son's computer to read the posts in the forum and listen to Phillip's mp3's.

Lets not let the energy from this forum go!!!. I have been in other forums and have seen the energy diluted. But those forums didn't have Phillip or all the other people that are willing to share their experience for the benefit of all of us. So lets keep on pippin!!!!
I Like the pippin energy on this forum too!! Yippee!!!!!!! Happy weekend all!! (first have a profitable friday!)
  • #1,595
  • Mar 2, 2007 2:30am Mar 2, 2007 2:30am
Golfer,
good job executing "head&shoulders" figure and keeping the position open. i didn't go for the "overnight bonus" (swap) and closed my short gbp/usd position with +29 pips last night.

Woju2,
you might wanna hold on to your opened EUR/USD long and see how this round bottom develops. if it comes out nice and smooth the long signal will be given with the profit target around 1.3230. then you could exit breakeven.

P.S. i also see MACD divergence on USD/JPY - last moment to enter long. the same with EUR/JPY. good eye 5forMe!
  • #1,596
  • Mar 2, 2007 2:50am Mar 2, 2007 2:50am
Quoting Pipsi cola
Golfer,
good job executing "head&shoulders" figure and keeping the position open. i didn't go for the "overnight bonus" (swap) and closed my short gbp/usd position with +29 pips last night.

Pipsi cola - Tx, but I think it was a risk I've taken with the trendline.

Woju2,
you might wanna hold on to your opened EUR/USD long and see how this round bottom develops. if it comes out nice and smooth the long signal will be given with the profit target around 1.3230. then you could exit breakeven.

Woju2 -I would be careful with the RB being formed between the 00 line & 15 MACD area. I would like to see the RB being formed between the 15 and 30 area. Otherwise I do agree with Pipsi cola.

Willem

P.S. i also see MACD divergence on USD/JPY - last moment to enter long. the same with EUR/JPY. good eye 5forMe!
First target is 8/21MA

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,597
  • Mar 2, 2007 2:51am Mar 2, 2007 2:51am
Quoting Chandra
Hi Tamkras,
How did you get that trend line. It is joining only 2 points. If there is no third point in a trend line then the line could be man-made trendline.-Chandra
Hi Chandra,

Minor trendlines only need 2 points. The more touches a trendline has the stronger it is.

Questions to TamKras are very beneficial b/c she is a skilled chartist with a keen eye for patterns. Truly a skill that all technical traders need to develop (and its really difficult for me).

Have a profitable friday!

Hope this only posts once...I got a server busy message when I sent it earlier.
  • #1,598
  • Mar 2, 2007 3:04am Mar 2, 2007 3:04am
Quoting Pipsi cola
Golfer,
good job executing "head&shoulders" figure and keeping the position open. i didn't go for the "overnight bonus" (swap) and closed my short gbp/usd position with +29 pips last night.

Woju2,
you might wanna hold on to your opened EUR/USD long and see how this round bottom develops. if it comes out nice and smooth the long signal will be given with the profit target around 1.3230. then you could exit breakeven.

P.S. i also see MACD divergence on USD/JPY - last moment to enter long. the same with EUR/JPY. good eye 5forMe!
I was already stopped out. I put sl below two candles low at 1.3183.
I’m wondering if I could have gotten out earlier when H&S signal emerged.

Thanks

woju2
  • #1,599
  • Mar 2, 2007 3:57am Mar 2, 2007 3:57am
woju2, i entered long on euro 2 days ago, but when i saw the H&S formation i imediately closed my order and opened a short one. The H&S formation apears to give good signals. I also entered long on CHF because of the same H&S but there was a nasty TAIL witch wipe me out.
I should have puted the SL beyound the hammer head a few candels back.
  • #1,600
  • Mar 2, 2007 4:32am Mar 2, 2007 4:32am
Quoting bisar_x
woju2, i entered long on euro 2 days ago, but when i saw the H&S formation i imediately closed my order and opened a short one. The H&S formation apears to give good signals. I also entered long on CHF because of the same H&S but there was a nasty TAIL witch wipe me out.
I should have puted the SL beyound the hammer head a few candels back.
bisar_x,

Did you take some profit at 1.3200 when you took short on euro?

Thanks

woju2
4 traders viewing now