4 Hour Strategy (MACD) | Page 151 | 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)

  • #3,001
  • Mar 22, 2007 5:46pm Mar 22, 2007 5:46pm
Hey guys... today and last night were lessons learned... i sat on the sidelines while all you guys made tons of pips by playing the signal while I was afraid of the news even though it would not have taken a signifgant s/l at all to take the trades..... Oh well.. next time I'll just keep a tight s/l and trust in the system

In anycase... the usd/jpy is up against an upper trend line forming a channel, but is also right above a trend line that formed a horzontal cone/triangle, along with the price level of 118 providing support. My thinking is that we'll see a round top pretty soon, but wanted to know what others are seeing. Tail up previous candle, are we seeing a nested doll too??? The one hour is off limits cause it's a CT , but also signals a short coming with tails and bearish engulf and is also in between tl's.

Anyone else seeing anything for confirmation on short? or confirmation to stay away?

Ps... the eur/usd is at the lower channel trendline on my chart too.... with long signals coming? Thoughts?
Attached Image
DireXiv Make it happen, no one else is going to do it for you...
  • #3,002
  • Mar 22, 2007 5:57pm Mar 22, 2007 5:57pm
Dire:

Here's my 4hr. Sitting at teh bottom of the channel and on the trendline. The 1hr looks like it's trying to go further down, right at the 89 or so. I'm hesitant because Bern is talking about some more 'stuff' tomorrow. If the 4hr breaks through those barriers (with the 1hr closing below the 89) I may try for a few short pips...

Don't worry about missing out yesterday..that's called discipline..that's what keeps your account alive.
Attached Image
  • #3,003
  • Mar 22, 2007 6:13pm Mar 22, 2007 6:13pm
Ya know what...the 4hr might be setting up for the MACD to dip below the zero line and return to the upside for a tc. I'll way for the 4hr to tell me what to do on this one.
  • #3,004
  • Mar 22, 2007 6:16pm Mar 22, 2007 6:16pm
Quoting Palmer
Ya know what...the 4hr might be setting up for the MACD to dip below the zero line and return to the upside for a tc. I'll way for the 4hr to tell me what to do on this one.
Probably best to wait for the Asian markets to open as well - ya never know...
  • #3,005
  • Mar 22, 2007 7:21pm Mar 22, 2007 7:21pm
Quoting DireXiv
Hey guys... today and last night were lessons learned... i sat on the sidelines while all you guys made tons of pips by playing the signal while I was afraid of the news even though it would not have taken a signifgant s/l at all to take the trades..... Oh well.. next time I'll just keep a tight s/l and trust in the system

In anycase... the usd/jpy is up against an upper trend line forming a channel, but is also right above a trend line that formed a horzontal cone/triangle, along with the price level of 118 providing support. My thinking is that we'll see a round top pretty soon, but wanted to know what others are seeing. Tail up previous candle, are we seeing a nested doll too??? The one hour is off limits cause it's a CT , but also signals a short coming with tails and bearish engulf and is also in between tl's.

Anyone else seeing anything for confirmation on short? or confirmation to stay away?

Ps... the eur/usd is at the lower channel trendline on my chart too.... with long signals coming? Thoughts?
Hi Dire,

I'm seeing more confirmation needed. Reasons:

 

  1. Yes, seeing Nesting Doll developing, but we need confirmation (which is given on 1 hour but not 4...you said we couldn't use 1 hr tho'
  2. Also, Yes, Price is at upper channel, but I also have it above upper TL and break above downward Res.
  3. MACD 4 hr. not giving signal for short yet (if using TL confirmation)

So, I've got mixed signals. Would hold off....Just my 2 cents worth (which is = to 200 pips...hehehe). (also, I don't trade yen very often...has to be strong signal b/c I am not hugely familiar w/price movements).

Thick blue = TL
Thin red = Channel

Notice price is squished...hmmmm

Attached Image
  • #3,006
  • Mar 22, 2007 7:22pm Mar 22, 2007 7:22pm
[quote=Palmer;251424]Phellow Phillip Phollowers:

I put together a pdf file that shows all of the 4HR MACD turns (from red to green and green to red) on the EUR/USD since the beginning of this year up until just a few hours ago. The 4 hour charts show the date and the time of the MACD change. The 1 hour charts show the same time that the 4 hour chart MACD bar changed color. In the charts the 89ma is the only dashed line and the the other ma's are solid. Note: My broker is FXDD which is GMT + 2. Your charts will look different with a different broker. But, this is still a good study method to see what happens during both timeframes. There are no trendlines or channels on the charts, just the MACD and the ma's. All the charts have a white background to make it easier to print if you want. I have white background charts and black background charts running specifically for this purpose of 'studying'. It's a lot easier on the eyes at 2am to look at a black background chart vs. a white one. Anyway, use this any way you like. It's purely for study...

Hope everyone banked some pip$ these last few days....[/quote

Hi Palmer, that was a lot of effort on your part and i will be studying it over this weekend. i always learn something from you. THANKK YOU!
Phellow Philipp Phowlerer, O'Zeeke
  • #3,007
  • Mar 22, 2007 7:27pm Mar 22, 2007 7:27pm
Quoting pips4uandme
Hi Dire,

I'm seeing more confirmation needed. Reasons:

  1. Yes, seeing Nesting Doll developing, but we need confirmation (which is given on 1 hour but not 4...you said we couldn't use 1 hr tho'
  2. Also, Yes, Price is at upper channel, but I also have it above upper TL and break above downward Res.
  3. MACD 4 hr. not giving signal for short yet (if using TL confirmation)

So, I've got mixed signals. Would hold off....Just my 2 cents worth (which is = to 200 pips...hehehe). (also, I don't trade yen very often...has to be strong signal b/c I am not hugely familiar w/price movements).

Thick blue = TL
Thin red = Channel

Notice price is squished...hmmmm

my 1 hr MACD gives short signal......will it go to 21 on 1 hr???
Attached Image
  • #3,008
  • Mar 22, 2007 7:41pm Mar 22, 2007 7:41pm
Quoting woju2
Hi!

I thought I had a pleasure to write post number 3000 on that great forum but Palmer was first

I’ve got a few problems:

1. After opening a trade
a) How do you manage your trade when price stopped between your stoploss and profit target and doesn’t move for x hours?
b) When you move your sl to break even? Does it depend on a pair?
c) Do you close when nothing happened and fundamental announcement is coming?
d) Do you close when another signal which is counter to your position comes? Why?
What are your rules?

2. Before opening a trade
I noticed that sometimes people open a trade close to 00 level. For example RT on gbp yesterday and TC on jpy today. When do you treat this level as a barrier? When is less important? I noticed that first approach is more important like today on eur (1.3400). What about other situations? Any examples.

I hope I am clear

Thanks

Woju2
Hi Woju2

You have excellent questions that are answered uniquely by each individual. Managing a trade is what comes with experience, and we are all trying to get the knack of it.

How many pips are you talking about when you are in between and stalled? Do you take partial profits and move to BE? Before fundamentals, are you up? Why not protect profit and let trade run? Each person needs to test and figure out works for them.

I Know I bail out too early. Seems from my testing many trades take 8 to 48 hours. I usually close after 4 - 6 b/c of lack of discipline and fear. When I have done this, I close for small profit, only to see my original plan work out to a "T" (thus forfeiting many many pips...one trade was almost 200 pips, another was 60).
  • #3,009
  • Mar 22, 2007 7:42pm Mar 22, 2007 7:42pm
Hey, Palmer....

Didn't Bernake speak today? Is today Thursday? (sometimes I forget what day it is b/c of weird sleep patterns).
  • #3,010
  • Mar 22, 2007 8:00pm Mar 22, 2007 8:00pm
pips4uandme:

Hmmm, well after several Tylenol Sinus tabs, a few Alka Seltzer cold medicine fizzies, aspirin to break the fever, and a short nap...my head has cleared just enough to see that Bernanke spoke today...Thursday, which makes tomorrow, uh..hmmm, gotta be Friday. Now, only if all this cold medicine would actually do something instead of giving me one hell of a buzz right now, not sure if that is really such a bad thing though.

Thanks for waking me up there pips...
  • #3,011
  • Edited 8:25pm Mar 22, 2007 8:08pm | Edited 8:25pm
Not saying to take it yet... I've been burnt too many times on countertrends...

Just "bird dogging" it haha... If it would close below 117.75 I would go for it, or at the very least below 117.90... of course the 8 ema will be there by then

Edit: Just noticed usd/jpy is hitting the 1 hour lower t/l and notified that buy orders are being hit at 117.90 ironically . Be careful of fakeout here everyone

Quoting pips4uandme
Hi Dire,

I'm seeing more confirmation needed. Reasons:

  1. Yes, seeing Nesting Doll developing, but we need confirmation (which is given on 1 hour but not 4...you said we couldn't use 1 hr tho'
  2. Also, Yes, Price is at upper channel, but I also have it above upper TL and break above downward Res.
  3. MACD 4 hr. not giving signal for short yet (if using TL confirmation)

So, I've got mixed signals. Would hold off....Just my 2 cents worth (which is = to 200 pips...hehehe). (also, I don't trade yen very often...has to be strong signal b/c I am not hugely familiar w/price movements).

Thick blue = TL
Thin red = Channel

Notice price is squished...hmmmm

DireXiv Make it happen, no one else is going to do it for you...
  • #3,012
  • Edited Mar 23, 2007 9:47am Mar 22, 2007 8:47pm | Edited Mar 23, 2007 9:47am
I do believe you can tell the future Palmer . Let's see when this thing turns... at the lower TL? in about 10 pips after crossing the macd for a second?

Quoting Palmer
Ya know what...the 4hr might be setting up for the MACD to dip below the zero line and return to the upside for a tc. I'll way for the 4hr to tell me what to do on this one.
DireXiv Make it happen, no one else is going to do it for you...
  • #3,013
  • Mar 23, 2007 3:45am Mar 23, 2007 3:45am
would you go short in EURJPY based on the triple top in MACD ?

Till
  • #3,014
  • Mar 23, 2007 4:22am Mar 23, 2007 4:22am
hi
could somebody give advice on this situation in EURJPY:
where would you place the profit target ? 200MA / 365 MA ? trailing stop ? or take advantage of a stronger trend reversal ?

THank you
Till
  • #3,015
  • Mar 23, 2007 9:12am Mar 23, 2007 9:12am
Hi all.

Look at the resistance around 232.25 that this pair has faced .If the 1hr breaks thro' the 89 this must be in for a big drop.

Any thoughts

Cheers
  • #3,016
  • Mar 23, 2007 10:39am Mar 23, 2007 10:39am
Its only about 600 pips though, LOL. Got to break and test the back of that uptrend line, otherwise its a long trade fourx.

J
Attached Image
  • #3,017
  • Mar 23, 2007 11:11am Mar 23, 2007 11:11am
Quoting hard1head1
Its only about 600 pips though, LOL. Got to break and test the back of that uptrend line, otherwise its a long trade fourx.

J
Hi J.

Thanks, that is exactly what I see. All the lower timeframe macd indicate long.

So you are antisipating a turn away from zero on the 4hr?

Cheers
  • #3,018
  • Mar 23, 2007 12:01pm Mar 23, 2007 12:01pm
Info
Attached File(s)
File Type: zip DailyWrapup 23March.zip   713 KB | 1,691 downloads
  • #3,019
  • Mar 23, 2007 12:08pm Mar 23, 2007 12:08pm
Thats what Im guessing and its getting to late to even think about trading. Eur/JPY is at the bottom of a channel, ready to go North. USD/JPY has formed a Huge Bullish engulfing signal on the 4 hour. The EUR/USD has broke out of and tested the bottom of that channel it has been in for the last 2 weeks. People, the dollar may be turning around for awhile. All happening at the end of the week. Looking forward to next week.

J
  • #3,020
  • Mar 23, 2007 1:59pm Mar 23, 2007 1:59pm
Quoting Palmer
pips4uandme:

Hmmm, well after several Tylenol Sinus tabs, a few Alka Seltzer cold medicine fizzies, aspirin to break the fever, and a short nap...my head has cleared just enough to see that Bernanke spoke today...Thursday, which makes tomorrow, uh..hmmm, gotta be Friday. Now, only if all this cold medicine would actually do something instead of giving me one hell of a buzz right now, not sure if that is really such a bad thing though.

Thanks for waking me up there pips...
LOL!!

Hope you are feeling better soon!
66 traders viewing now