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4 Hour Strategy (MACD)

  • #3,061
  • Mar 27, 2007 6:37am Mar 27, 2007 6:37am
what should we do now? long or short?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #3,062
  • Mar 27, 2007 6:43am Mar 27, 2007 6:43am
hi guys! do u think we should long or short?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #3,063
  • Mar 27, 2007 7:32am Mar 27, 2007 7:32am
Took the long signal yesterday on EURUSD, which Phillip mentioned in his daily wrapup, and still in having +80!!!
  • #3,064
  • Edited Mar 28, 2007 4:59am Mar 27, 2007 7:38am | Edited Mar 28, 2007 4:59am
Quoting ejiexe
do u think we should long or short?
IMHO it's too late to enter the trade now. The right moment was yesterday. I'd like to wait for another signal - reversal or continuation.

http://forexbarometer.com/graph/eur-usd-h4-070327.gif
Ben
  • #3,065
  • Mar 27, 2007 7:56am Mar 27, 2007 7:56am
Panther:

The 1hr is for trend continuation, what direction on the 1hr are you referring to?
  • #3,066
  • Mar 27, 2007 9:28am Mar 27, 2007 9:28am
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File Type: zip DailyWrapup 27March.zip   798 KB | 1,682 downloads
  • #3,067
  • Mar 27, 2007 11:03am Mar 27, 2007 11:03am
Quoting Phillip Nel
Info
Hi Phillip, I followed the 0800 macd signal on the gbp$ this morning and made 20 pips. Thank you so much for all you do for us, i thinks i am starting to get more of a feel for it now and appreciate your help.
  • #3,068
  • Mar 27, 2007 11:46am Mar 27, 2007 11:46am
I wanted just to let you know, that today's cable (gbp/usd) action was kinda supported also by double top pattern on price charts.
I missed it myself, but should and will pay more attention to it laters.
  • #3,069
  • Mar 27, 2007 12:26pm Mar 27, 2007 12:26pm
Hey Palmer,

I just wanted to let you know that as the days go by I find your chart compilation more and more useful!!!

So again, many thanks for your efforts. They are really appreciated and they are not wasted. As a matter of fact, they are profitable.
  • #3,070
  • Mar 27, 2007 12:28pm Mar 27, 2007 12:28pm
Quoting O'Zeeke
Hi Phillip, I followed the 0800 macd signal on the gbp$ this morning and made 20 pips. Thank you so much for all you do for us, i thinks i am starting to get more of a feel for it now and appreciate your help.
Hi O'Zeeke.

The 8.00 macd signal would be at 12.00 on the close of the candle,which was red ,for short.Or are you talking close of the 4.00 candle,which was green.

Either option on my chart Metatrder went against the signal. At 8.00 after green bar the price came down,and at 12.00 after a red bar the price moved up, both times only moving 10 or so pips in the signal direction.

What time was your entry and at what level? as I cannot see this tade.

Thanks.
  • #3,071
  • Mar 27, 2007 12:29pm Mar 27, 2007 12:29pm
alcastro:

Glad they are useful. I plan on updating them and reposting the pdf at the end of each month. I keep forgetting about the MACD levels on the 4hr charts, being able to see what happened during the rt's and rb's at the different level looks useful as well...more to come...
  • #3,072
  • Mar 27, 2007 1:39pm Mar 27, 2007 1:39pm
Just to show you not to ignore the EURGBP pair. I left the trade open over the week-end, I know one shouldn't but....! I did find that this pair is very "sensitive" for the zero line.
Attached Image
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3,073
  • Mar 27, 2007 2:12pm Mar 27, 2007 2:12pm
Quoting alcastro
Hey Palmer,

I just wanted to let you know that as the days go by I find your chart compilation more and more useful!!!

So again, many thanks for your efforts. They are really appreciated and they are not wasted. As a matter of fact, they are profitable.
Same for me,Palmer,thanks
  • #3,074
  • Mar 27, 2007 2:32pm Mar 27, 2007 2:32pm
Quoting FOURX
Hi O'Zeeke.

The 8.00 macd signal would be at 12.00 on the close of the candle,which was red ,for short.Or are you talking close of the 4.00 candle,which was green.

Either option on my chart Metatrder went against the signal. At 8.00 after green bar the price came down,and at 12.00 after a red bar the price moved up, both times only moving 10 or so pips in the signal direction.

What time was your entry and at what level? as I cannot see this tade.

Thanks.
Hi FOURX, my candle opened at 8gmt, here is the chart I enter at 1.9675 and set tp at 1.9655, which looked about between 8 and 21 ema. hope this help
Attached Image
  • #3,075
  • Mar 27, 2007 2:45pm Mar 27, 2007 2:45pm
Hi guys are you tracking this one 20:00 bar? Looks like a valid RT but I can't pin point a valid trend line for this one when it breaks.

Any comments would be appreciated.
Attached Image
  • #3,076
  • Mar 27, 2007 3:11pm Mar 27, 2007 3:11pm
Quoting O'Zeeke
Hi FOURX, my candle opened at 8gmt, here is the chart I enter at 1.9675 and set tp at 1.9655, which looked about between 8 and 21 ema. hope this help
Hi O'Zeeke

Thank you ,I see it on your chart. On my chart that 4.00 to 8.00 bar was green .

Can anybody explain how the difference in charts signals can be overcome. I am in the uk. now on BST (British summer time) I have metatrader which is gmt +1.

Thanks
  • #3,077
  • Mar 27, 2007 3:26pm Mar 27, 2007 3:26pm
Quoting FOURX
Hi O'Zeeke

Thank you ,I see it on your chart. On my chart that 4.00 to 8.00 bar was green .

Can anybody explain how the difference in charts signals can be overcome. I am in the uk. now on BST (British summer time) I have metatrader which is gmt +1.

Thanks
Hi again, FOURX, i have had a lot of trouble with that also when i look at Phillip's or other peoples charts and cant see it on mine. Phillip says it probably all comes out the same over time so i just take what look good on mine and hope for the best. Also i think someone say to get MIG demo to get GMT+2 and trade it with your own broker
  • #3,078
  • Mar 27, 2007 3:32pm Mar 27, 2007 3:32pm
Quoting O'Zeeke
Hi again, FOURX, i have had a lot of trouble with that also when i look at Phillip's or other peoples charts and cant see it on mine. Phillip says it probably all comes out the same over time so i just take what look good on mine and hope for the best. Also i think someone say to get MIG demo to get GMT+2 and trade it with your own broker
Thanks O'Zeeke.

I am on Mig demo.
  • #3,079
  • Mar 27, 2007 5:12pm Mar 27, 2007 5:12pm
The 1hr MACD on the EURO$ seems to be stuck at the same level. The 4hr is doing its best to form a rt with another hour to go before the candle closes. Notice the price action on the 4hr and the 8ma, it's having a hard time getting through it. If this sets up, that may be all ya get; to the 8ma. The r:r may or may not be worth it. If it is, be ready to take the pips quick or use a tight stop....

1hr
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  • #3,080
  • Edited 5:14pm Mar 27, 2007 5:12pm | Edited 5:14pm
...and the 4hr

That sell order is not from the 4hr MACD method....
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