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4 Hour Strategy Macd+other Indicator 21 replies

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Attachments: 4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)

wait pull back ema21 being macd tc
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EUR/USD
Resistance on 1.2915. Double top on price. Doji candle and sHs on MACD...
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Hi MXM, i'm a new to forex here, and been following this thread for a while. But i thought that left shoulder on sHs shouldn't it be higher that that on right?
Quoting hammerhead
Hi MXM, i'm a new to forex here, and been following this thread for a while. But i thought that left shoulder on sHs shouldn't it be higher that that on right?
I'm new, as well so maybe someone more experience should speak
is anyone going short on gbpusd , because of the "mini" round top?
After downtrend price crossed EMA21 upwards, already reached SMA89, but then retraced to EMA21, retracement stopped and now price seems to start going up again.

BUY 1.4855 (0.5 lot only because of big SL)
SL 1.4795 (60 pips/0.5 lot = 30 pips/1 lot)
TP 1.4970 (115 pips/0.5 lot = 57.5 pips/1 lot)

Moved to +1 after +20, if it doesn't close at BE, will trail by retracements on 5min.

Edit1: SL at 1.4878 (prev. retracement on 5min).
Edit2: SL at 1.4897 (42 pips/0.5lot or 21 pips/1lot). Small trendline on 5min crossed down = movement looses its speed - SL might be reached soon.
Edit3: closed at 1.4912, 57 pips/0.5 lot = 27.5/1lot
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Quoting Yorik
After downtrend price crossed EMA21 upwards, already reached SMA89, but then retraced to EMA21, retracement stopped and now price seems to start going up again.

BUY 1.4855 (0.5 lot only because of big SL)
SL 1.4795 (60 pips/0.5 lot = 30 pips/1 lot)
TP 1.4970 (115 pips/0.5 lot = 57.5 pips/1 lot)

Moved to +1 after +20, if it doesn't close at BE, will trail by retracements on 5min.

Edit1: SL at 1.4878 (prev. retracement on 5min).
Edit2: SL at 1.4897 (42 pips/0.5lot or 21 pips/1lot). Small trendline on 5min crossed down = movement looses...

nice trade yorik couldnt have done it better
I've taken a long from 1.4691. 4pm-8pm candle close strong off the 21 and higher lows on the 4hr. sl 1.4645, below the single candle on the 1hr.

TP1 1.4711
TP2 1.5015

Any thoughts on this?

B
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Great round top forming on MACD 4H. Price above the 89sma. IF you want to contertrend, this would be a high probability trade on the eur/usd as the rules. Profit target should be to the 21ema, take 50% at 8ema and let at least a portion of your trade be ready incase price goes past 21 and to the 89sma.

What do you guys think? Just trying to get the forum back to following the rules and taking the high probability trades. of course this is a counter trend trade so keep that in mind.

Edit:

Entered @ 1.2911
S/L @ 1.2960 (-49pips)
1st TP @ 8ema @ 1.2880 (+31pips)
2nd TP @ 21ema @ 1.2805 (+106pips)

R:R = Ok
This is a counter trend so I am looking for quick pips to 8ema and 21ema,

Closed 2/3 of trade @ 1.2880
Remainder set at BE and will let run to 21ema and will trail it in case it has strength to go through to 89sma.

This is a counter trend so I am looking for quick pips to 8ema and 21ema. Also it looked good to me because of the huge move up and the MACD gave a signal and I believe there was a good chance it will retrace a little due to its huge surge. Now I am at BE with 31pips in the bank and I am riding with free pips.
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Keeping Life Simple
Quoting Yorik
After downtrend price crossed EMA21 upwards, already reached SMA89, but then retraced to EMA21, retracement stopped and now price seems to start going up again.

BUY 1.4855 (0.5 lot only because of big SL)
SL 1.4795 (60 pips/0.5 lot = 30 pips/1 lot)
TP 1.4970 (115 pips/0.5 lot = 57.5 pips/1 lot)

Moved to +1 after +20, if it doesn't close at BE, will trail by retracements on 5min.

Edit1: SL at 1.4878 (prev. retracement on 5min).
Edit2: SL at 1.4897 (42 pips/0.5lot or 21 pips/1lot). Small trendline on 5min crossed down = movement looses its speed...
look how beautifully H1 supports ur trade
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Hey everyone:

I am still having PC issues with the CyberlogX virus. The files have been deleted and my laptop functions fine but IE or Mozilla will still only run in the background and not directly, leaving me no internet connection and no MT4. I'm doing what I can...
You're welcome. come back ,
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Hi folks,

based on Zero Cross forming, I have
shorted [email protected]
with [email protected] (40 pips) - which was previous S/R level.

[email protected] as a S1 and [email protected] high of 4hr candle + MACD downwards (I will watch the price closely anyway).

Any comments?

Development:
1) closed +55 manualy around S1, rest B/E+15 @1.4737
2) [email protected]+spread - above last 15min swing high
3) stopped out, +55,+25 / 2 = +40 pips profit
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Possible TC forming on the 4H Eur/Usd
Price above 89
Retraced back to the 21 and bounced off of 21ema
A new trend might be forming
An observation I have noticed, when the DOW is up, EUR is up and vise versa.
the price moved according to the rules and is not forming a TC on 4H.
S/L is too big but can enter on 3 stages entry with retracement back into the previous candle.
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Keeping Life Simple
Quoting Phillip Nel
.... Are currently using IBFX.
....
Phillip
Hi Phil,
I thought you were using MIG. I opened a demo account with MIG. Before turning it into real money one, can you please tell me if there's something wrong with them and why you chose another broker? Thank you!
hi, my macd histogram's levels of 0.15, 0.30 ... are all merged into one small cluster, why is this and how do i fix it?
when i change the time frame to 5 mins, its fine?
pls any help appreciated
thank you
Quoting ali_walji5
hi, my macd histogram's levels of 0.15, 0.30 ... are all merged into one small cluster, why is this and how do i fix it?
when i change the time frame to 5 mins, its fine?
pls any help appreciated
thank you
Hi Ali,

First of all, try making the levels 15, 30, 45, etc instead of 0.15, 0.30, etc.

Secondly, your broker may use an extra decimal in their price feed, thus extending the quotes to 5 decimal places instead of 4 (1.29220 instead of 1.2922, for example). If this is the case, you should download the 'decimal' version of the MACD Colored indicator. It's available on Palmer's website.
The problem with experience is that the test comes before the lesson.
Quoting Bandersnatch
Hi Ali,

First of all, try making the levels 15, 30, 45, etc instead of 0.15, 0.30, etc.

Secondly, your broker may use an extra decimal in their price feed, thus extending the quotes to 5 decimal places instead of 4 (1.29220 instead of 1.2922, for example). If this is the case, you should download the 'decimal' version of the MACD Colored indicator. It's available on Palmer's website.
decimal indicator worked, thanks a lot
will be able to study the strategy now
loads of notes to read, but explanation on palmers site will be easier to go through
thanks
Virus update....still trying to clean things up.

ali: The downloadable charts are a good learning tool as well. Welcome to the thread!
The 4 hour system/strategy is highly profitable than "normal/daily system" because with the 4 hour system forex broker is much more closer to Market activity. My forex broker started trading in 4 hour system in November 2007 and he has paid profit of +178% till November 2008 for managed forex account.

Whereas profits for "normal/daily system" is +40% for the same time period.

We are looking forward to 4 hour strategy as a highly profitable system for managed forex accounts.
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