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4 Hour Strategy Macd+other Indicator 21 replies

average true range for 1 hour and 4 hour charts 2 replies

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Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

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

Hey, anyone here from Australia and New Zealand? What's going on with your currencies? My aussie trade is already in textbooks and I am pleading for some explanations. Yours, T.

I'm not an Aussie but have been studying this pair and NZ for 2 years. The AUD/USD follows closely (80%) to the movements of the GBP/USD but not as much pips. The average trading range is around 60 pips. It's most active news event is AUD unemployment (this week) and sometimes trade balance. Since it is a big producer of copper and gold it is a commodity currency. It does a massive amount of business with China so if there is China news sometimes that can affect it. NZ is a parallel pair most of the time, but can be more crazy in its movements. Go for 20-30 pip profit targets on a real good move. They both seem to like to make slow deliberate moves over many hours. NZ at some news events can be real crazy.
Quoting tamkras
Hey, anyone here from Australia and New Zealand? What's going on with your currencies? My aussie trade is already in textbooks and I am pleading for some explanations. Yours, T.
Hello Tamara, I am also not from NZ or AUS, but to my knowledge, AUS and NZD are dragged down due to liquidation of carry trades position with YEN pairs. They are both high-yielders and hence very atractive to carry investors. Now (also in regard with the march being last month of japan fiscal year) they seem to be closing their yen-short positions and that is affecting most of the yen pairs (at least those, where the interest rate differential is big enough).

BR,
Endy
Quoting pilgrim
Jarro,

I ended up pulling the trigger on the open of the 12:00GMT candle, the prior candle was lower. Within 30 minutes of getting in the 12:00 GMT candle turned into a trend continuation candle. That is one of the realities of trading this system in real time, what looks like a round top can turn into a trend continuation. I liked alot of things about this trade (MACD bearish divergence, fib level, triple top) but I should have waited longer for the trend to soften up and the MACD to give a better signal. Your patience paid off.

Now within 1 pip of my stop

Pilgrim

EUR/GBP
Entry: .6828
Stop: .6849
T/L : .6890
Those countertrend trades are tough without a clear signal. (Heck, with a clear signal there tough). Hang in there buddy.

2 lots (micros)
Entry: 6835
Stop: 6805 (below the 21 ema)
T/P: 1st 20 pips then move to 2ndB/E.

Jim
Indicators show the past. Price Action "Indicates" the future.
Quoting endy
Hello Tamara, I am also not from NZ or AUS, but to my knowledge, AUS and NZD are dragged down due to liquidation of carry trades position with YEN pairs. They are both high-yielders and hence very atractive to carry investors. Now (also in regard with the march being last month of japan fiscal year) they seem to be closing their yen-short positions and that is affecting most of the yen pairs (at least those, where the interest rate differential is big enough).

BR,
Endy
Thanks, Pirate and Endy. It makes sense to me now. I am not really trading based on fundamentals or news and I am aware that I am missing a big stratum of deep economic processes. But, thank you really for your excellent explanations. If you spare a moment you are welcome to my dinner . My piggy will be happy to see you. Yours, T.
Very true... I traded only the counter trends at the very beginning cause they were easier to "see" for me. However, they have a lower success rate. Now with the 1 hour confirmation strapped to my belt... TC's are the way to go unless there is a very clear countertend with multiple signals, and not much against it. TC's tend to be "stronger" moves in most cases.

Quoting jarroo
Those countertrend trades are tough without a clear signal. (Heck, with a clear signal there tough). Hang in there buddy.

2 lots (micros)
Entry: 6835
Stop: 6805 (below the 21 ema)
T/P: 1st 20 pips then move to 2ndB/E.

Jim
DireXiv Make it happen, no one else is going to do it for you...
Quoting tamkras
Hey, anyone here from Australia and New Zealand? What's going on with your currencies? My aussie trade is already in textbooks and I am pleading for some explanations. Yours, T.
Tamkras and others who ar becoming increasingly intrigued by the AUD. I was looking at some AUD price pivots that define consolidation in the 4 hour time frame and thought that the correlation between pivots and MACD was rather interesting. Price pivots can be either major or minor and are just another way to look at support and resistance. What I like about them is that they often give a great heads up on where we can expect price to either stall, turn or breakout. On the AUD they have been defining swing areas for a while now (there is that old swing trader in me talking again). Eventually price will break out of the pivot area at which point a new trend will establish itself. Anyway, I always pay attention when price approaches one of them because the MACD signals may be very relevant at those points. I may have missed a few on the following chart but I think there are enough examples to get the point across. I have not tried to correlate these areas to fundamentals because I am fundamentally not a fundamental kind of guy but I suppose that there probably is a correlation especially since the AUD is so tied to the Asian economy.
Attached Image
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
Quoting hard1head1
HeyTamara,
I Think I see it, but I still don't understand it.

J
Hope the enclosed trade which I just entered explains a lot about my method. I was waiting for this for 3 days. I will send you PM about the aussie trade not to confuse with the MACD trades. Please, do not try it live until you can develop a strong feeling of confidence. Yours, T.
Attached Image
fxhermit:

What time frame are you using to calculate the pivots? Weekly???
Quoting tamkras
Hope the enclosed trade which I just entered explains a lot about my method. I was waiting for this for 3 days. I will send you PM about the aussie trade not to confuse with the MACD trades. Please, do not try it live until you can develop a strong feeling of confidence. Yours, T.
Hi Tam.

This is early ,no signal on 4hr yet. 1hr yes
Are you guys using the 1hr strategy along with the 4 HR?

I just started looking at it today and I"m trying to understand it.
Tell me if my interpretation is wrong:

If a round top is forming in the 4 hr.

  1. You look to see if there is a trend continuation MACD signal in the 1 hr
  2. You look to see the price is bouncing off and upwards from the 21 ema.
  3. You look to see the price is above the 89 dma.

If all of these are correct you go long.


However a Round top implies that you should enter SHORT. How does the 1 hour strategy show that you should enter SHORT if its round top, and LONG if its round bottom?????????????

Quoting FOURX
Hi Tam.

This is early ,no signal on 4hr yet. 1hr yes
That's fine with me - I have confidence in my trades. If you have followed all my trades posted on this forum I am sure your account would have grown substantially. These are copy trades (small lots) for the last 6 days. I manage bigger volumes in real life. I started to copy my trades on a demo account to prove for myself what I can do with $3,000 as a starting capital. Not a single losing trade, he-he. I want to continue (test) over the course of 3 months. Yes, I am very patient. Yours, T.
Attached File(s)
File Type: pdf Statement_ 162075 - Tamara B.pdf   16 KB | 1,009 downloads
That's not fair tam...you're cheating ;-)
Quoting tamkras
That's fine with me - I have confidence in my trades. If you have followed all my trades posted on this forum I am sure your account would have grown substantially. These are copy trades (small lots) for the last 6 days. I manage bigger volumes in real life. I started to copy my trades on a demo account to prove for myself what I can do with $3,000 as a starting capital. Not a single losing trade, he-he. I want to continue (test) over the course of 3 months. Yes, I am very patient. Yours, T.
Tamkras,
Can you explain what you saw exactly on your usdjpy trade?
Thanks
Quoting tamkras
That's fine with me - I have confidence in my trades. If you have followed all my trades posted on this forum I am sure your account would have grown substantially. These are copy trades (small lots) for the last 6 days. I manage bigger volumes in real life. I started to copy my trades on a demo account to prove for myself what I can do with $3,000 as a starting capital. Not a single losing trade, he-he. I want to continue (test) over the course of 3 months. Yes, I am very patient. Yours, T.
Hi Tamkras, i have been following your posts and i can say i am starting to understands this stuff some now. At first i just wanted to get enough pips to make the monthly pmt on my farm tractor, now i might even have a little left over, thanks to you, Phil and all the great traders on this forum. Did you enter the $JPY because of the double bottom? Thanks
Quoting tamkras
Hope the enclosed trade which I just entered explains a lot about my method. I was waiting for this for 3 days. I will send you PM about the aussie trade not to confuse with the MACD trades. Please, do not try it live until you can develop a strong feeling of confidence. Yours, T.

I am very thankful for all your posts and help in this thread. I am a bit of a lurker/reader/trader all wrapped into one and appreciate your work here!
Quoting tamkras
That's fine with me - I have confidence in my trades. If you have followed all my trades posted on this forum I am sure your account would have grown substantially. These are copy trades (small lots) for the last 6 days. I manage bigger volumes in real life. I started to copy my trades on a demo account to prove for myself what I can do with $3,000 as a starting capital. Not a single losing trade, he-he. I want to continue (test) over the course of 3 months. Yes, I am very patient. Yours, T.
tamkras,thanks for showing us your statements,thats a good motivation for me.do u trade using phil's 1hr or 4hrs system? thanks..
Quoting fxnewbie 71
tamkras,thanks for showing us your statements,thats a good motivation for me.do u trade using phil's 1hr or 4hrs system? thanks..
Yes, I use Phil's MACD system, too. That's why I am here. Please, note this is not real-life statement. I have losing trades, too. You can go back to my posts here and find where I lost. I can not cheat the market. But I want to sustain this level of success over the course of 3 months.
When I first set up my meta platform to Phillip's system, I set my H4 to go back two weeks. In other words, the first date on my system today, March 13, is Feb 20. Is that the same timeframe that everyone else is using? This is a good question for beginners and may be one of the reasons that we all don't see the same trends as each other. Any help would be appreciated.



Read any successful person’s biography and it goes like this: struggle, struggle, struggle, small success; struggle, struggle, struggle, small success; struggle, big struggle, struggle, BIG SUCCESS. See setbacks as proof of your future success. What makes anyone think that trading is any different?
Quoting O'Zeeke
Hi Tamkras, i have been following your posts and i can say i am starting to understands this stuff some now. At first i just wanted to get enough pips to make the monthly pmt on my farm tractor, now i might even have a little left over, thanks to you, Phil and all the great traders on this forum. Did you enter the $JPY because of the double bottom? Thanks
No, because of that red candle touching the inside of the previous low. The biggest motivation for me is to know when someone can continue paying for medication, tuition, equipment, etc. based on what he or she learnt from spending time here and not from what banks or their paid instructors tell them to do. We live to thrive. I spent years on studying different patterns, support and resistance and lost quite a lot in this game. So, I came to this board like Phillip and shared my ideas for free within just a month. Isn't it abnormal? Isn't it suspicious? I really do not care. Giving means something more to me. Thriving does not mean to me a nice suit and a bunch of stocks. When my daughter grows up and learns that her future was built because of my hard work, I will be thriving. I hope I am understood. Yours, T.
Quoting turk87
Are you guys using the 1hr strategy along with the 4 HR?

I just started looking at it today and I"m trying to understand it.
Tell me if my interpretation is wrong:

If a round top is forming in the 4 hr.

  1. You look to see if there is a trend continuation MACD signal in the 1 hr
  2. You look to see the price is bouncing off and upwards from the 21 ema.
  3. You look to see the price is above the 89 dma.

If all of these are correct you go long.


However a Round top implies that you should enter SHORT. How does the 1 hour strategy show that you should enter SHORT if its round top, and LONG if its round bottom?????????????


TURK,

as you know a round top (short trade) may easily turn into a TC (long trade). The idea is that once you see a RT in the 4hr MACD, when the first red bar has been totally formed, before waiting for the second to complete, you can decide your entry based on the 1 hr. If the 1 hr MACD is showing a TC instead of a RT, then there is a high probability that the 4hR RT will turn into a TC. In this way you can get early into the trade with an additional confirmation.

That is the way i use it. Am I correct?
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