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4 Hour Strategy (MACD)

  • #18,881
  • Feb 26, 2009 8:43am Feb 26, 2009 8:43am
Quoting Palmer
There is a post here...'somewhere' for that. I'd click on the paperclip icon for the thread and it should show up. I wan't to say it was post # 18,xxxx...that doesn't help very much I know...
Palmer...

I already found it.

I did get my mt4 coloured macd with your gap indy as well. Will study about it. I still do not understand the 4hr gap of +/-0.0030 and the 1hr gap of +/-0.0016 things.

So confusing man....hope you can post it here and explain it here always...through out the year and many years to come.

Where did you get that gap indy anyway? Mind to tell?
  • #18,882
  • Feb 26, 2009 10:17am Feb 26, 2009 10:17am
Hi Guys,

Ok so I have been reading the material and going over the past charts as you said and I have defined some basic criteria to enter a high probability trade on the 4 hrs... could someone confirm for me if I am on the right page or not? So first and foremost we are looking for rhythm which means the market should be trending smoothly... then:

Buy Signal

8 EMA Should be above the 21 EMA and preferably the 89 SMA
The market should not be in a range (MA's crossing everywhere... that kind of stuff)
We would look for the market to of set off away from the MA's and then look for a pull back to the 21 EMA.
Once we see this kind of pattern, we then look for the MACD TC signal as the final confirming trigger to enter.


Sell Signal

8 EMA Should be below the 21 EMA and preferably the 89 SMA
The market should not be in a range (MA's crossing everywhere... that kind of stuff)
We would look for the market to of set off away from the MA's and then look for a pull back to the 21 EMA.
Once we see this kind of pattern, we then look for the MACD TC signal as the final confirming trigger to enter.

Does it look like I have a basic understanding of what should be done? Am I missing something or can someone add anything to my above logic?

Please feel free to tell me if I am going wrong.
  • #18,883
  • Feb 26, 2009 10:58am Feb 26, 2009 10:58am
Quoting DayTraderFX
Hi Guys,

Ok so I have been reading the material and going over the past charts as you said and I have defined some basic criteria to enter a high probability trade on the 4 hrs... could someone confirm for me if I am on the right page or not? So first and foremost we are looking for rhythm which means the market should be trending smoothly... then:

Buy Signal

8 EMA Should be above the 21 EMA and preferably the 89 SMA
The market should not be in a range (MA's crossing everywhere... that kind of stuff)
We would look for the market to of set...
You got that basic already...mate...

Anyway...you must aware of the angle for both 8 & 21...also the gap between these 2 MAs.

The 4 hour market rhythm is simply explained like this :- after being away from the 8, sometimes price will only pull back to the 8 if the rhythm is not so strong.

When the price rhythming so strong, it will pull back to 21 or even more (normally when the price found strong sup/res TL, fib#, 200 etc etc), before its continue its direction.

You can also trigger a CT entry during the strong pullback and it has to be supported by price emotions (candlestick patterns) and MACD signal as well.

Hope this helps.
  • #18,884
  • Feb 26, 2009 11:26am Feb 26, 2009 11:26am
Hey my friend do you mind post a example how do you pull the trigger in this strategy how do you entrer in the market?

Thank you



Quoting ybeidas
written transcript of phillips mp3 and chart post #4496, very important...he explains it....


This chart and this MP3, you got to have it in your heart, not in your head, in your heart. If you look at the purple rectangle on the chart, the price break through the 89SMA blue line. Point 1, 2, 3 and 4 are just there to let you know that you can establish your market breathing or channel or whatever you want to call it so that you can know in what or between which boundaries does the market moves. ...
  • #18,885
  • Feb 26, 2009 2:31pm Feb 26, 2009 2:31pm
I find tringle on EURUSD - this may be beginning of new way .
What you think about this?
Attached Image (click to enlarge)
Click to Enlarge Name: aa.GIF Size: 34 KB
  • #18,886
  • Feb 26, 2009 2:49pm Feb 26, 2009 2:49pm
Quoting ARtuRO
I find tringle on EURUSD - this may be beginning of new way .
What you think about this?
most of us have been watching this, waiting for a break. My bias is to the downside.

I've been trading it with a little success.
  • #18,887
  • Feb 26, 2009 4:03pm Feb 26, 2009 4:03pm
hello Everyone,

Sorry I have been away, been so busy..............

Orange,
Glad you found the indicator as I myself saw it few pages back once so I am glad you found it, I have it downloaded myself and it is a very good tool to see the 4H moving averages against the 1H......you don't even need to switch to the 1H although I have the 4H as well on my charts...

great posts from everyone, keep up your ideas and comments.

The EUR/USD is just anyone's guess, we can all say our bias is to the up or the downside but no one really knows........the best think to do is to sit on the sideline and wait for a clear trend to establish itself.

To those that want to look at a perfect trend which this method profits the most with, look at the current USD/JPY which I have had the pleasure of banking quite bit of pips this month.....the up trend started middle of february and has been riding the 8ema since with a few volatility but all an all it has been a great profit taking trend according to the rules.
Keeping Life Simple
  • #18,888
  • Edited 4:32pm Feb 26, 2009 4:14pm | Edited 4:32pm
Quoting time1300
hello Everyone,

Sorry I have been away, been so busy..............

Orange,
Glad you found the indicator as I myself saw it few pages back once so I am glad you found it, I have it downloaded myself and it is a very good tool to see the 4H moving averages against the 1H......you don't even need to switch to the 1H although I have the 4H as well on my charts...

great posts from everyone, keep up your ideas and comments.

The EUR/USD is just anyone's guess, we can all say our bias is to the up or the downside but no one really knows........the...
Yes. G/J and E/J have strong trend as well. Get some nice pips yesterday on G/J.But one problem is that I was stopped out with a trailing stop with 120 pips profit. Then reenter seems difficult since I can not find the perfect TC anymore. Any one has brilliant idea concerning not to be wiped out too early?
  • #18,889
  • Feb 26, 2009 5:24pm Feb 26, 2009 5:24pm
Quoting ARtuRO
I find tringle on EURUSD - this may be beginning of new way .
What you think about this?
You saved me from posting the chart...I really don't want to say it but it looks, feels, like..we ain't leaving this period of consolidation until the indexes get going, either one way or the other. As the Dow, SP test their support levels and get stuck in the range...so does the EURUSD. I'm not going to forget about this pair but it is on the back burner for the 4hr method but I'll use this for a shorter timeframe if a signal presents itself.

I agree with Time1300 and the Yen. This pair has been chugging along nicely. Currently price is at the 50% Fib level, price can stall at this level but the way this thing has been moving, it might just keep on keepin' on. Soooo, I'll be watching this pair from now on until the EURUSD gets going per the 4hr.

Swissie looks stuck also and if I had to choose, I see weakness in the cable...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 35 KB
  • #18,890
  • Feb 27, 2009 7:16am Feb 27, 2009 7:16am
EU approaching a support line????

Yen might be trying to return to the upside as well
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #18,891
  • Feb 27, 2009 7:52am Feb 27, 2009 7:52am
Quoting Palmer
EU approaching a support line????

Yen might be trying to return to the upside as well
I hope not, I'm long UJ.

On my charts the EU already broke the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 315 KB
  • #18,892
  • Feb 27, 2009 9:10am Feb 27, 2009 9:10am
Took the TC on the Yen....just put a stop in. Took 35 out on one still holding one.

FXTrade...I think I had a trendline drawn a little different because of the server time difference, here's how I have the price reacting to that previous post right now... This pair is so congested that there are trendlines within trendlines, that's why I had the ??? in there as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
Click to Enlarge Name: uj.gif Size: 18 KB
  • #18,893
  • Feb 27, 2009 9:41am Feb 27, 2009 9:41am
Quoting Palmer
Took the TC on the Yen....just put a stop in. Took 35 out on one still holding one.

FXTrade...I think I had a trendline drawn a little different because of the server time difference, here's how I have the price reacting to that previous post right now... This pair is so congested that there are trendlines within trendlines, that's why I had the ??? in there as well.
My resistance trendline is a bit steeper than yours because I crossed a few wicks. I do that sometimes if the wicks are long, because IMHO, it's an aberation and may be discounted. And yes, the trendlines are pitifully messy at the moment.

Congrats on the Yen trade. I've been long UJ for some decent profit but took a hit when I got greedy and added to my position at 98.40. Once it crossed the psych resistance of 98 and kept going, it looked good to me... until the news yesterday took the steam out of it. Nonetheless, the big guys are forecasting a major run to the 103 area.

BTW - before I get pummelled by the group for not following the rules.... I didn't do those trades according to this system.... it was a completely different strategy.
  • #18,894
  • Feb 27, 2009 10:00am Feb 27, 2009 10:00am
No worries...From time to time I'll use Phillip's 5min method to get in when the 4hr is reacting in a predictable manner and those rules (the 5min method) get bent for entries. There's a link 'Plan 415' that goes into a little more detail. It's all about using the 4hr as a footprint for lower timeframe entries.


...Back to the battle
  • #18,895
  • Feb 27, 2009 10:04am Feb 27, 2009 10:04am
is anybody else having problems opening the zip files?

there a couple of nice ones- for e.g the "Large Candle Entry Spread.zip"

that don't seem to open.


Thanks for the help...
pessimism of the intellect and optimism of the will
  • #18,896
  • Feb 27, 2009 10:09am Feb 27, 2009 10:09am
Attached Image (click to enlarge)
Click to Enlarge Name: 02 27 09 eurusd.gif Size: 16 KB


I hope the pic is attached properly.

Being that I am new, it looks like the rules are all being met, the 8 EMA is below the 21 Ema and they are both below all other trend lines 89, 200 and 365. From here I would wait for the MACD signal to enter short. From a basic view point, is this the set up I am watching for?

Please correct me if I am wrong and any input would be welcome.
  • #18,897
  • Feb 27, 2009 10:16am Feb 27, 2009 10:16am
Quoting Pipdance
Attachment

I hope the pic is attached properly.

Being that I am new, it looks like the rules are all being met, the 8 EMA is below the 21 Ema and they are both below all other trend lines 89, 200 and 365. From here I would wait for the MACD signal to enter short. From a basic view point, is this the set up I am watching for?

Please correct me if I am wrong and any input would be welcome.
I don't think so. This is H1 chart. we should focus on H4 as footprint. Am I right? I am also new, though.
  • #18,898
  • Feb 27, 2009 10:23am Feb 27, 2009 10:23am
Attached Image (click to enlarge)
Click to Enlarge Name: 02 27 09 eurusd4hr.gif Size: 19 KB


Sorry attached the wrong file. Here is the 4 hr.
  • #18,899
  • Feb 27, 2009 10:29am Feb 27, 2009 10:29am
Per the rules, yes. But, this pair has been so congested lately and a lot of people (here) have commented that it might be best to let this thing leave this area before considering a trade. The overall trend is down but the pair really has no flow...rhythm.
  • #18,900
  • Feb 27, 2009 8:02pm Feb 27, 2009 8:02pm
make a mark ,for next time to read....

there is no rhythem ,i am waiting ....

last week i have no trade...
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