4 Hour Strategy (MACD)

Quoting Phillip Nel

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The 1hour today have been inbetween the 21EMA and 89SMA twice before yesterday and the day before confirming the slower movement and it was absolutely correct to take it.
Well done

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Quoting Palmer

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Thanks DD:

I've been working/looking for that as well. Another good 'alert' would be if the 4hr is approaching the 21. But, instead of it being the 21 a shorter ma could be used because the 4hr doesn't necessarily have to hit the 21, it could be a few pips above it (for an entry back to the long side) or a few pips below it (for an entry back to the short side). The 21 is still used a the 'rule' and what is plotted on the chart but the alert could be maybe a 17ma. This should be when the price crosses the ma, not closes. So, if the 4hr is trending well and the price crosses the 17ma, on it's way to the 21ma, an audible alert and/or email would be sent. Any thoughts???

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Quoting ramrocket

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Hi Golfer, thanks for the reply. I am mainly working on the 4H chart.
Here is a little program I wrote to fascilitate RR calculation. Email me if you guys can use it.

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Quoting Digitaldean

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Phillip,

The 21ema on the 4H is the same as a 84ema on the 1H is that correct?

Glad the alert is of help to you!

DD

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Quoting FOURX

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Hi Tam.

Firstly thank you for detailed explanation.

On both trades the previous 4hr bars on macd gave the right signs,opened on start of next candle.

E/G 4.00hr gmt+1 sht 0.6836 s/l 0.6856

G/U 00.00hr gmt+1 sht 1.9280 s/l 1.9305

cheers

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Quoting tamkras

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RE: Euro/pound I can see 3 tops - on March 5, and 2 tops on March 15. None of them has a reversal candle from the inside top. Do I read it right? Maybe, you pull out a chart, Fourx, for me?

RE: Pound/dollar I can see there was an excellent inside bottom setup on March 14 but I can not find a top for shorting. Again, pull out a chart and we can discuss further.

do you know if there is a way to attach charts in PM's? I thought we'd better take it offline.

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Quoting Digitaldean

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I have a question for the people who have a great grasp of this method.

On my platform i watch 2 main pairs eurusd and usdjpy, these are my favorites.

My question is in regard to the 1H section of this system.

Now as you may have noticed alot of the trend continuation off of the 21ema on the 4H are hard to get into because price has moved so much by the time you have a signal. What i have been doing is watching for price to come down to the 21ema and then watchin the 1H. at this time price is normally bouncing off of the 89ema on the 1H, I then wait for the signal on the 1H to take the trade in the direction of the trend.

For an example please look at the EURUSD today at 8am gmt on the 4H then look at the 1H as it bounces not only off of the ema but also off of the trend line and 3200 mark. I took this trade.

Is this a correct way of catching the trend continues off of the 4H? or do you think it is high risk because the 4H has not given the signal yet?

Thanks

DD

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Quoting FOURX

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Hi Tam

My trades were based on macd bars 4hr, not inside tops.That observation (inside bottom) was referring to your trade on U/J (post2488),I may have the terminology wrong.

E/G The 14th the 00.00 hr macd bar painted red so I went short on the open of the 4.00 hr bar.

G/U On the 13th both 16.00 and 20.00 hr bars were red so I went short on the open of the 00.00 bar.

Am I reading this system wrongly regarding the macd bars?

I was only looking for 20 pips in each case, but I do not think I was positive at any point .

Cheers

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Quoting FOURX

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Hi DD.

Now this has confused me. What time did you make this trade,as the first green bar even on the 1hr on macd did not close till 12.00 gmt.

I realise Phillip says you were right to take the trade, but was this just an instinctive trade before any signals or am I completly misinterpretting this strategy.

Cheers.

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Quoting FOURX

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Hi DD.

Now this has confused me. What time did you make this trade,as the first green bar even on the 1hr on macd did not close till 12.00 gmt.

I realise Phillip says you were right to take the trade, but was this just an instinctive trade before any signals or am I completly misinterpretting this strategy.

Cheers.

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Quoting ramrocket

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Hi Golfer, thanks for the reply. I am mainly working on the 4H chart.
Here is a little program I wrote to fascilitate RR calculation. Email me if you guys can use it.

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Quoting Phillip Nel

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It was at the close of the 8:00-12:00 bar that the 1hour gave a long signal while the 4hour did not gave anything yet exept a tail of the 21EMA which could mean an up move according to the rule, a hammer a doji and an engulfing on the 1hour which says there was some buying of the 21EMA. Therefore I would have made the long entry.

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Quoting FOURX

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Hi Phillip,

Thank you for that explanation. I did read the signal correctly, I just thought that DD had entered earlier in the 8.00 candle.

Cheers

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Quoting plind

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I've been off work this week and studying the 4H thread and trying to get a handle on trading it. Not placing trades just trying to find setups.

On FXDD USD/CHF price turned around at 21 EMA and is now right on the 8 EMA. Current bar will end at 5 ET so I don't know how the MACD will paint at end. Does this look like a potential trade?

Also on the EUR/USD price touched 21EMA and pulled back and has now crossed the 8 EMA. MACD changed form red to blue two bars ago. Was that a good setup at the close of the third bar back (9AM ET) to enter long @ 1.3218? Thanks Paul

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