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4 Hour Strategy (MACD)

  • #18,061
  • Dec 1, 2008 9:48am Dec 1, 2008 9:48am
Quoting bshadroo
i use same chart (broker time) but there is no TC in my chart
The difference between my MACD bars is just 2 points - so on another broker's charts even slight difference in quotes may have led to absence of TC.

But it seemed to me that it was a not so bad setup in general (besides MACD) - after last friday's fall price took some break under SMA89 and then started going down. Though if there were no TC I would have thought twice and probably would have passed this setup as well.


p.s. my indicator is MACD_H4_300_v100 and my broker is Alpari
  • #18,062
  • Dec 1, 2008 12:08pm Dec 1, 2008 12:08pm
Quoting vincentlim
Hi all,

Can anyone help me on this?
I took the round bottom after the closed of the green or blue bar on the MACD as signal. I had anticipate that the price break through 89ma and probably be going to either 8 or 21 ma.

It went up at first and i was up by about 20+pips. However, it did not go
much near to 8 or 21. Therefore, i stay put untill my 50 pips stoploss is hit after 8 hours later.

Is my approach to buy at that signal is correct?

thanks

vincent
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File Type: zip Round Top_Bottom.zip   826 KB | 1,494 downloads
  • #18,063
  • Dec 1, 2008 1:01pm Dec 1, 2008 1:01pm
target sma200 stoploss1.2582
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{Promotion Removed}
  • #18,064
  • Dec 1, 2008 4:32pm Dec 1, 2008 4:32pm
Hi all,
I don't post much here, but I certainly read everything that goes on.

The latest action on the Eur/Usd has got me a little curious though. The price has gone through the 89 MA to the downside and then returned a few times now, as can be seen on the 1HR chart. The 4HR looks like it might show a TC sometime soon, but I'm always wary of TC's that take place when the MACD level is below -45.

I'd be inclined to take the trade because the price has gone through a significant level, returned to it, and then tried to continue in the same direction; however, the MACD signal seems a little tenuous. I'd appreciate some thoughts on the matter from anyone who might be around right now.

Big thanks.
Attached Image(s) (click to enlarge)
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The problem with experience is that the test comes before the lesson.
  • #18,065
  • Dec 1, 2008 4:44pm Dec 1, 2008 4:44pm
Bandersnatch:

I was going to comment on the triangle formation that has been forming for the past several days but I can see on your chart now that you already have that on there too. I agree with you that the price action looks like it wants to go south, even more so on the daily. But, I'd rather have the moving averages clean themselves up a little bit more. The daily rhythm was looking good up until a few days ago when price closed above the 21 there. I don't like this pair (per the method) until we leave this area. The 1hr has a downward channel there but price (per the bars) looks like it wants to come up to the top of that channel. I'd wait this one out. I see this as more of a 'trader's chart' on a lower timeframe for now...
  • #18,066
  • Dec 1, 2008 5:07pm Dec 1, 2008 5:07pm
Hi Palmer,

Thanks for the input on the Euro. It's much appreciated.
The problem with experience is that the test comes before the lesson.
  • #18,067
  • Dec 1, 2008 7:57pm Dec 1, 2008 7:57pm
Here's the 1hr channel that I see...
Attached Image
  • #18,068
  • Dec 2, 2008 2:40am Dec 2, 2008 2:40am
ADD MA 252 IN THE M5 CHART
at h1 chart it mean the ema 21
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  • #18,069
  • Dec 2, 2008 2:43am Dec 2, 2008 2:43am
Here's a nice TC I took on the GBPUSD while in my office today. TC formed on the 4H and took entry on the 1H.

Entry 1.4882
S/L 1.4912 (A few pips above the 00 at 1.4900 and inline with my MM plan)
T/P 1.4817 (Also a few pips above the 00 line)

Target reached within 2 hours for a gain of 65 pips
Attached Image(s) (click to enlarge)
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  • #18,070
  • Dec 2, 2008 8:03am Dec 2, 2008 8:03am
false breakout/TC?
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  • #18,071
  • Edited 11:57am Dec 2, 2008 11:41am | Edited 11:57am
Hi everyone!
I'm a beginer on forex and new here. At the begining I'd like to thanks Phillip and rest of you for your help in understending market rhytm!!! I try to learn as more as possible and still study every Phillip's materials here on forum and Palmer's webside. I took an enter on usd/chf and it went in 'wrong' side. I took it becouse price found support on 89 SMA and before bullish candle was two little candles, MACD gave green bar. SL just below 89 SMAWhat was wrong??

http://i289.photobucket.com/albums/l...h88/wykres.gif

P.S sorry for my english
  • #18,072
  • Dec 2, 2008 12:31pm Dec 2, 2008 12:31pm
Quoting mxm
Hi everyone!
I'm a beginer on forex and new here. At the begining I'd like to thanks Phillip and rest of you for your help in understending market rhytm!!! I try to learn as more as possible and still study every Phillip's materials here on forum and Palmer's webside. I took an enter on usd/chf and it went in 'wrong' side. I took it becouse price found support on 89 SMA and before bullish candle was two little candles, MACD gave green bar. SL just below 89 SMAWhat was wrong??

http://i289.photobucket.com/albums/l...h88/wykres.gif...
There was no room to trade within the triangle.
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  • #18,073
  • Dec 2, 2008 12:51pm Dec 2, 2008 12:51pm
Yes, that's true. I haven't seen this triangle
Thanks
  • #18,074
  • Dec 2, 2008 2:14pm Dec 2, 2008 2:14pm
going long on usd/chf on the 00:00 candle
  • #18,075
  • Dec 2, 2008 5:37pm Dec 2, 2008 5:37pm
Phillip, after weeks surfing through FF i didn't find this thread before. I gotta say that the strategy looks pretty good, i already downloaded the pdf file with the whole 4H strategy. This is great right now for me due to the desire to start using longer frames, thinking on developing a long term strategy now. Thank you for this really good stuff!!!
  • #18,076
  • Dec 2, 2008 7:14pm Dec 2, 2008 7:14pm
Phillip,

I've read about a dozen books, took two online courses and I've learned more from your thread than I have from either of those. Because of the knowledge that you have generously shared with this group I am trading successfully a live account.

I believe the very least that I can do, and others who have learned from you, is to support you and your daughter on your new website. I'm looking forward to it.
  • #18,077
  • Dec 3, 2008 2:55am Dec 3, 2008 2:55am
im at work and have'nt speaker to hear phillips mp3 ,eagerly waiting to go home to know what happends.
looking at the possible triangle breakout for now
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  • #18,078
  • Edited 3:55am Dec 3, 2008 3:37am | Edited 3:55am
Took bearish ZB on the close of 04-08:00 bar.

SELL 1.2683
SL 1.2724 (near opening of the signal bar)
TP 1.2663 (20 pips) and 1.26 (83 pips), av.TP 51.5 pips
RR>1

TP1 already hit (+20 pips), SL of 2nd part moved to 1.2662 (+20).

Edit: when price came close to 1.26, put trailing stop to 20 pips and soon position closed with +55 on the 2nd part. (20+55)/2=75/2=+37.5 pips.
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  • #18,079
  • Dec 3, 2008 5:15am Dec 3, 2008 5:15am
It's funny I have been reading a lot of negative threads about trading on FF.

Little do they know the answers they chase are under there noses. I am happy to tell you all that this is the one method I have found that makes consistent profits. This is one of the few systems that allows the user to evolve with the market as it progresses.

Trust me all you students of Phillip Nell learn this and you will make money. This system is flexible and can be molded to any personality. I have changed it to my suite me with the greatest success I have ever found in the markets.

Control your emotions and drop this silly view of I have to be right on every trade follow the rules and you will come out on top at months end.

Using the actual 4 hour method and my interpretation i have not dropped a month since Nov 07 yes 1 year. I did have a few months off after I spent my first account.

So study hard and prosper.

I hope this post can fill you will confidence in this method.............

Thank you Phillip,
  • #18,080
  • Dec 3, 2008 6:01am Dec 3, 2008 6:01am
who can tell me what is phillip going to do ????for my poor english!!!
i dont understand!
but i wanna buy the system!!!!because i trust him .......
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