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4 Hour Strategy (MACD)

  • #3,121
  • Mar 28, 2007 4:36pm Mar 28, 2007 4:36pm
Sorry for the late Mp3. Had a meeting.
Attached File(s)
File Type: zip DailyWrapup 28March.zip   813 KB | 1,750 downloads
  • #3,122
  • Mar 28, 2007 5:09pm Mar 28, 2007 5:09pm
Quoting pips4uandme
a lot of discussion is going on again re: round top and trend continuation. Remember the 1 hour MACD can give us a good idea if it is really a round top or if we may see a TC.

Also, pay attention to price action. It is critical to know what your pair is doing, where it is, etc. If you pay attention to price action and follow MACD signal you will make pips!

This month was a bit slow. However, I have managed to bank 191 pips with only 1 losing trade for the month. Didn't trade alot and only focused on a couple of pairs. Know the pipage is very small compared to all you yen traders, but I'm learning about their movements and will be adding to my arsenal soon .

Remember, this is a full bodied system. We need to become adept at many basic trading techniques. Practice and follow and you will be sucessful!

Best to all,
Pips
Well done Pips,I know from reading that you have been very disciplined in your approach this month.

Hope I can emulate at some point.
  • #3,123
  • Mar 28, 2007 5:35pm Mar 28, 2007 5:35pm
I have a question for you guys. Sorry I'm a newbie.

How can I make MetaTrader show me when the 4 hour bar will close?

Thanks a lot !
  • #3,124
  • Mar 28, 2007 5:43pm Mar 28, 2007 5:43pm
Quoting jogariga
I have a question for you guys. Sorry I'm a newbie.

How can I make MetaTrader show me when the 4 hour bar will close?

Thanks a lot !

Try this.
Attached File(s)
File Type: mq4 EJ_CandleTime[1]Hrs.mq4   2 KB | 715 downloads
  • #3,125
  • Mar 28, 2007 5:47pm Mar 28, 2007 5:47pm
Thanks Tw0eleven. It works great!
  • #3,126
  • Mar 28, 2007 5:55pm Mar 28, 2007 5:55pm
Quoting jogariga
Thanks Tw0eleven. It works great!
No problem. Happy Trading!
  • #3,127
  • Mar 28, 2007 7:20pm Mar 28, 2007 7:20pm
USD/CHF broke through the 89 MA. to the north.
MACD showing continuation from a RT in 4hr.
1 hr had a TC long. Jumped in.
Now the 1hr has shown a red bar and some kind of flatop formation.
Grrrrr!!!!
I don't see any other trades in my pairs (E/U; G/U; U/J; U/Can)
  • #3,128
  • Mar 28, 2007 8:32pm Mar 28, 2007 8:32pm
Quoting alcastro
USD/CHF broke through the 89 MA. to the north.
MACD showing continuation from a RT in 4hr.
1 hr had a TC long. Jumped in.
Now the 1hr has shown a red bar and some kind of flatop formation.
Grrrrr!!!!
I don't see any other trades in my pairs (E/U; G/U; U/J; U/Can)
Hey alcastro...can you give us more details on your trade? Like your stop and profit? Also, my one hour doesn't show any TC....weird. If your r:r us good and your stop is good w/reasonable TP, you may be fine. MACD on mine has higher bars. What is your plan? Please share.

Pips
  • #3,129
  • Mar 28, 2007 8:44pm Mar 28, 2007 8:44pm
Quoting fxhermit
The 1 hour could signal a trend continuation just as easily (no MACD divergence) so be prepared...in the mean time I plan to take Jasper Friendly Bear's advice
Good see you fxhermit! Was just wondering recently where you had gone! Thought you got tired of us asking you so many questions re:rhythm!!

Hope you are doing well!!!!!! & Jasper the friendly bear gives excellent advice!
  • #3,130
  • Mar 28, 2007 8:46pm Mar 28, 2007 8:46pm
I'm seeing some oportunity for a long USD/JPY.

Do you guys see it? Am I wrong? Round bottom going upwards.
  • #3,131
  • Mar 28, 2007 8:47pm Mar 28, 2007 8:47pm
Quoting hard1head1
Hey all,

Just goes to show you that there are more than 1 ways to skin a cat. I originally took this entry at 1.1290 after the second morning star on the 15 minute after checking out the 1hr MACD and saw the T/C. I got out for the news this morning to protect my profits. I then re-entered on the T/C on the 4 hr. I have made 55 pips and my stops are moved to B/E. The huge bummer is when it retraced back for the bounce off the T/L I was at work. If I had been home I would have drew a counter on the first red candle I saw and exited when it broke that. Then I could have gotten back in on the bounce with double lots and really been up by now. I expect this to go all the way to the top of the channel (1.1425) by time its done. I intend to ride this trde until it hits the channel top or breaks that uptrend line it is currently riding on

J
Very nice!!!

ps. I think my cat called you on skype this morning and sent out a bunch of emails! Seriously...
  • #3,132
  • Mar 28, 2007 8:52pm Mar 28, 2007 8:52pm
Quoting jogariga
I'm seeing some oportunity for a long USD/JPY.

Do you guys see it? Am I wrong? Round bottom going upwards.
is your candle closed? Mine doesn't close for another 2.25 hours. With confirmation from the close, with price action, this could be a nice long trade depending on your r:r and tp's. Do you have them worked out?

hope this didn't sound bratty...wasn't meant to. Just don't have real RB yet b/c my candle isn't closed...and I didn't see your trade plan.

best to you today!
pips
  • #3,133
  • Mar 28, 2007 8:55pm Mar 28, 2007 8:55pm
[quote=AriTron;256714]
Quoting pips4uandme
a lot of discussion is going on again re: round top and trend continuation. Remember the 1 hour MACD can give us a good idea if it is really a round top or if we may see a TC.


Ive listened to Phils one hours stratedgy and reading what youve said pips it seems that if you have a RT or RB forming on the 4 hour then the confirmation signal on the 1 hour is a trend continuation. Am i right in assuming this?

Thanks
Yes, you are correct! TC on 1 hour is nice tip off that it's not a round bottom and the counter trend trade is very risky!
  • #3,134
  • Mar 28, 2007 9:04pm Mar 28, 2007 9:04pm
my candled just closed.
  • #3,135
  • Mar 28, 2007 10:13pm Mar 28, 2007 10:13pm
Quoting jogariga
my candled just closed.
OK...great. So looking at your candles, how far is res? do you have any in the way? Where are your targets? How far are the MA's? Where is your stop? Does your r:r justify the trade? if so take it, if not pass.

Remember the "rules" say if below 89, we are in a selling mood. Doesn't mean counter trend trade wouldn't be great, just make sure your numbers work or don't take it. Just my opinion...and that doesn't matter...only your plan matters.
  • #3,136
  • Mar 28, 2007 10:57pm Mar 28, 2007 10:57pm
Price:155.72
Stop Loss:155.33
Take Profit area:165.40
Took Trade on the round bottom MACD 4H at 4:00 with Meta
  • #3,137
  • Mar 29, 2007 12:44am Mar 29, 2007 12:44am
Quoting jogariga
my candled just closed.


looks like it was a valid round bottom signal with first profit target @ recently broken trendline and also 8EMA. nice countertrend pullback. did you make some pips, yogariga?
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  • #3,138
  • Mar 29, 2007 1:19am Mar 29, 2007 1:19am
Yes Pipsicola, 30 so far
  • #3,139
  • Mar 29, 2007 5:34am Mar 29, 2007 5:34am
Quoting HipsterPipster
Price:155.72
Stop Loss:155.33
Take Profit area:165.40
Took Trade on the round bottom MACD 4H at 4:00 with Meta
Looks like a very good trade Hipster!
  • #3,140
  • Mar 29, 2007 6:35am Mar 29, 2007 6:35am
Quoting Tw0eleven
My advice would be to learn how. Cheers!


Actually, here is the indicator for MACD color. You can go into the properties of it and changes the colors to whatever you'd like. Enjoy!
How do i change color for MACD or meta trader? I can only change the color for the entire bar
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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