4 Hour Strategy (MACD) | Page 140 | 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)

  • #2,781
  • Mar 18, 2007 6:58pm Mar 18, 2007 6:58pm
Over at EU now, I seem to read a UPTREND for 5m technique, but DOWNWARD for 4H MACD strategy, means "do not trade?" first and wait for a clearer synchronized signal?

Or am I reading it incorrectly?
  • #2,782
  • Mar 18, 2007 7:16pm Mar 18, 2007 7:16pm
Quoting Pinggarcia
Over at EU now, I seem to read a UPTREND for 5m technique, but DOWNWARD for 4H MACD strategy, means "do not trade?" first and wait for a clearer synchronized signal?

Or am I reading it incorrectly?
just my 2 cents worth Ping so take it for what it worth, but the 50sma on the 5 looks pretty flat to me right now for a 5 min trade. are you trying to enter early on the 4 hr using the 5? i think Phillips rule is use the 1 hr for early entry on the 4 hr only on a TC signal. hope this helps some
  • #2,783
  • Mar 18, 2007 7:22pm Mar 18, 2007 7:22pm
Oh, thanks, I think I am confused.

So, using the 4H MACD, how can I see the signal using 1H again please?


Looking at GU right now, is it correct to say that it is DOWNWARD trend, for sure than the EU signal of down?
  • #2,784
  • Mar 18, 2007 7:31pm Mar 18, 2007 7:31pm
Quoting tamkras
I marked up for myself 116.25 area, 30 pips more down - just a feeling. I will be waiting there for the reversal.
Hey, Jim, I think I was only 1 pip wrong (does it count?) depending on from whom you are getting the feed. Nice ride I am having. Closed 1 lot already with 30 pips profit. Let the other run into cosmos.

Hey, Chandra, I do not mind Bahamas, not the Iceland, please. I am on my way out of Canada, too tired waiting for the spring.

Good evening to everyone. Tamkras.
Attached Image
  • #2,785
  • Mar 18, 2007 7:37pm Mar 18, 2007 7:37pm
Quoting Pinggarcia
Oh, thanks, I think I am confused.

So, using the 4H MACD, how can I see the signal using 1H again please?


Looking at GU right now, is it correct to say that it is DOWNWARD trend, for sure than the EU signal of down?
Ping, trend on GBP$ is hard to tell for me, its price is sitting right on the 89, if the price is above the 89 Phillip considers this in a uptrend mood and if the price is below the 89 its in a downtrend mood. When waiting for the close of the 4 candle and the opening of the next candle where you check the 1 hr and if it supports the 4 hr you might want to enter early before the 4 hr closes, but only a TC (trend continue ) Signal. I think the best thing recommended is to just use the 4 hr for now and forget the early entry. Just wait for the signal on the 4 hr . Just my 2 cents worth
  • #2,786
  • Mar 18, 2007 7:42pm Mar 18, 2007 7:42pm
Quoting O'Zeeke
Ping, trend on GBP$ is hard to tell for me, its price is sitting right on the 89, if the price is above the 89 Phillip considers this in a uptrend mood and if the price is below the 89 its in a downtrend mood. When waiting for the close of the 4 candle and the opening of the next candle where you check the 1 hr and if it supports the 4 hr you might want to enter early before the 4 hr closes, but only a TC (trend continue ) Signal. I think the best thing recommended is to just use the 4 hr for now and forget the early entry. Just wait for the signal on the 4 hr . Just my 2 cents worth
Still a bit confusing for me, especially while the patterns are still forming.

Thanks for the clarifications.
  • #2,787
  • Mar 18, 2007 8:17pm Mar 18, 2007 8:17pm
Quoting tamkras
Hey, Jim, I think I was only 1 pip wrong (does it count?) depending on from whom you are getting the feed. Nice ride I am having. Closed 1 lot already with 30 pips profit. Let the other run into cosmos.

Hey, Chandra, I do not mind Bahamas, not the Iceland, please. I am on my way out of Canada, too tired waiting for the spring.

Good evening to everyone. Tamkras.

Tamara, are you leaving canada? Will you be relocating somewhere else?

Nice move on the US/JP!
  • #2,788
  • Mar 18, 2007 8:22pm Mar 18, 2007 8:22pm
Quoting tamkras
Hey, Jim, I think I was only 1 pip wrong (does it count?) depending on from whom you are getting the feed. Nice ride I am having. Closed 1 lot already with 30 pips profit. Let the other run into cosmos.

Hey, Chandra, I do not mind Bahamas, not the Iceland, please. I am on my way out of Canada, too tired waiting for the spring.

Good evening to everyone. Tamkras.
I am mesmerized by this buying frenzy. Hope someone is riding with me form 116.25. Wish us good luck - we are catapulted into cosmos. I am so proud of these little nesting dolls. Yahoooo!
  • #2,789
  • Edited 8:40pm Mar 18, 2007 8:24pm | Edited 8:40pm
Closed 1 lot already with 30 pips profit.
Did you have a special reason to do that? The trade is promising. I was entered later on H1 Round Bottom and was waiting for 62% Fibo level, but the result is far above my expectations.:surprised About 70 pips in a pocket.
http://forexbarometer.com/graph/usd-jpy-20070318.gif
Ben
  • #2,790
  • Mar 18, 2007 8:26pm Mar 18, 2007 8:26pm
I am waiting for a rebound to the long side from the 21 MA for both the Euro and the cable. If I see it, and a TC pattern I will very probably take the trade.

If it goes south, I will wait for a retracement and a TC pattern as well.

Does anybody has a trading plan for this two pairs at the moment based on what we are seeing?

BTW. I missed completely the strong move on the US/JP.
  • #2,791
  • Mar 18, 2007 8:38pm Mar 18, 2007 8:38pm
Quoting alcastro
Tamara, are you leaving canada? Will you be relocating somewhere else?

Nice move on the US/JP!
Just for the sake of some warm days, Alcastro! I do not mind Spain or Peru, by the way, red wine and dancing. I like to travel very much. Once I was in Cote d'Ivoire, Western Africa, as a tourist. It was very hot for me. Something in between should be o.k. Chandra is thinking of Bahamas - hmm, probably expensive for me . But I will be wearing a T-shirt with "I am a proud Canadian!" whenever I am invited.

P.S. If someone is holding this pair (usd/jpy) right now, please, hold it - just my feeling. My grip on this pair is tight as you already noticed and I wish I hold a rope of a balloon.
  • #2,792
  • Mar 18, 2007 8:47pm Mar 18, 2007 8:47pm
Quoting Benf
Closed 1 lot already with 30 pips profit.
Did you have a special reason to do that? This trade is promising, I was entered later on H1 Round Bottom and was waiting of 62% Fibo level, but the result is above my expectations.:surprised
http://forexbarometer.com/graph/usd-jpy-20070318.gif
Great call, Benf. I am so happy you caught it. I was at the early stage of this reversal - my posts explain the method. The reason for exit of 1 lot is the price reached the previous bottom and in my rules for nested patterns this is where the price can meet the resistance. I've put a red line to show where I close I lot. So, I justed protected the profit - nothing else. I still have 1 more gazelle running.
Attached Image
  • #2,793
  • Mar 18, 2007 9:17pm Mar 18, 2007 9:17pm
Following this impressive usd/jpy trade I am ready to test something new - nzd/usd. I have not seen anyone yet trying this pair using MACD strategy, at least, I did not see such posts. My real money is involved here - so, please, wish me good luck. I put 1 lot only for the sake of experiment and I will watch where I can take it. My dream is 0.6874 area which I marked on the chart. Yours, Tamara.
Attached Image
  • #2,794
  • Mar 18, 2007 11:15pm Mar 18, 2007 11:15pm
I've just started following this system and so far its given pretty good results. Thanks you Phillip for the great system!

My first question is: has this system been applied to the USD/JPY successfully and where do you guys think the pair is headed right now (12:15am EST)? Any input will be appreciated

Thanks
(Testing this system in Demo mode atm)
  • #2,795
  • Mar 18, 2007 11:21pm Mar 18, 2007 11:21pm
Quoting x2012
My first question is: has this system been applied to the USD/JPY successfully and where do you guys think the pair is headed right now (12:15am EST)? Any input will be appreciated.
It appears to be sitting at the 89MA right now, but the signals are a little mixed right now and who knows with the wild ride it's had the past few hours.

Luckily I was able to trade it from 116.67-117.27! Great start to the week.
  • #2,796
  • Mar 19, 2007 12:38am Mar 19, 2007 12:38am
Quoting tamkras
Following this impressive usd/jpy trade I am ready to test something new - nzd/usd. I have not seen anyone yet trying this pair using MACD strategy, at least, I did not see such posts. My real money is involved here - so, please, wish me good luck. I put 1 lot only for the sake of experiment and I will watch where I can take it. My dream is 0.6874 area which I marked on the chart. Yours, Tamara.
You asked for some advice on the NZD/USD. Average trading range is 85. It moves very slowly and is somewhat tied to the aussie. I haven't traded it in months except for news events. I know I'm new to the group but I have been trading for over 2 years and here is my advice. I know people learning the system should stay with the euro and pound to start. But then the only real pairs to trade that give enough pips to benefit from the H1 and H4 (in my opinion) are the usd/jpy, gpy/jpy, eur/jpy, eur/aud, aud/jpy and eur/cad. When you guys perfect this system and then discover the exotics you are going to go crazy. That is why I am so excited about this system. Still only a few weeks into trading it but will post results as they happen. What I recommend is that I'm sure you all have a trading journal. Just start taking notes on the above pairs. Even if it is just writing down the price movements and the news events. Then when you are ready to paper trade them you will have months of notes. This is one of the ways I learned. When I started to understand the pairs and see patterns, I could look back at my notes.


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?
  • #2,797
  • Mar 19, 2007 1:10am Mar 19, 2007 1:10am
Wow, USDJPY really went up high today!

I was looking at EU and GU, but was wrong on GU. Anybody doing a blow-by-blow account on possible movements and signal entry for EU and GU here? =)
  • #2,798
  • Edited 5:25am Mar 19, 2007 3:39am | Edited 5:25am
Just started watching this pair and it is at a previous high from the begining of feb 2004 and has formed a rounded top.

could be something to watch.

Dean
  • #2,799
  • Mar 19, 2007 5:14am Mar 19, 2007 5:14am
Yep, onboard with you, just cruising past the 89 as we speak. coming up on some strong resistance at 117.75 or so. I am looking for it to come back th the 21 or so when it gets there.

Thanks for the help.

Jim
  • #2,800
  • Mar 19, 2007 5:29am Mar 19, 2007 5:29am
EURUSD is making its way down to the 21 ema and the trend line it just broke through, would be nice to see a bounce off of the trend line that we talked about earlier. If this happens il be looking to the 1H to take the trade.

Dean
10 traders viewing now