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4 Hour Strategy (MACD)

  • #19,001
  • Mar 5, 2009 2:45pm Mar 5, 2009 2:45pm
Hello all,

I would have to join yall with the short entry as well. I am now short on the EUR/USD. After the close below the 21ema as Palmer stated. I then switched to the 1H and saw a little pullback followed by a engulfing candle. Although there was not a MACD signal present, I entered solely on the price action around the moving averages and the emotion of the market as I anticipate we might go a little further down and might test the 1.2330 lows of october 2008. Also the ADX lines crossed on the 1H so I had many confluences of events to make my entry.

On the 1H chart you can see by the dotted purple vertical line when I made my entry. After the close of that candle.

On the 4H chart, you can see the down arrow which represents the 4H candle of the trade.

We will see how this plays out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 1h.gif Size: 46 KB
Click to Enlarge Name: eurusd 4h.gif Size: 47 KB
Keeping Life Simple
  • #19,002
  • Mar 5, 2009 8:41pm Mar 5, 2009 8:41pm
Quoting fishmen
Hi palmer, u are the god. thanks for educating us. I would like to point out that there is no close below 21 on orange's 4H chart at the moment u short . What broker do u use?
fish...

EU didn't hit my TP...just a little ding there as you can see the chart. Will let this open position until next week since the overall trend is still down...if my SL got hit...what can I say then?

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #19,003
  • Mar 5, 2009 8:57pm Mar 5, 2009 8:57pm
Quoting orangeRANGE
fish...

EU didn't hit my TP...just a little ding there as you can see the chart. Will let this open position until next week since the overall trend is still down...if my SL got hit...what can I say then?

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Why not enable a trailing stop to secure ur profit somehow?
  • #19,004
  • Mar 5, 2009 9:41pm Mar 5, 2009 9:41pm
Quoting fishmen
Why not enable a trailing stop to secure ur profit somehow?
I wasn't live @ pc when the price nearly hit my TP. I am very busy with my work today and....I do not have time to watch over my trade and to do the trailing stops. When I log in, it's already too late to do that.

Besides, the down trend is still in control. My SL still above TL too. Plus, this is mini account only. So I will say this is my experimental trade.

Do not follow my trading strategies...as we trade in different time zone with different strategies and personal rules as well...

Hope this helps....
  • #19,005
  • Mar 6, 2009 12:31am Mar 6, 2009 12:31am
Hi all.

Price close below the 21.Then it came back to 21. Now movement downwards?
Attached Image (click to enlarge)
Click to Enlarge Name: h4.jpg Size: 148 KB
I am learning English, but still cannot speak well.
  • #19,006
  • Mar 6, 2009 1:27am Mar 6, 2009 1:27am
My SL was hit...got stopped out from my open position yesterday...market moves to fast...especially EU...ahead of NFP. I am learning a new experience today...
  • #19,007
  • Mar 6, 2009 1:37am Mar 6, 2009 1:37am
Did anyone make a short on these green and white box? is that considered
a valid trade from a 4hr macd if to enter??

I reckon both are. But i probably go with the white box. The green one is still in fast lane. although both reach weekly 50% fibo and price 99.70. although both show divergence
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 41 KB
  • #19,008
  • Mar 6, 2009 8:06am Mar 6, 2009 8:06am
Quoting orangeRANGE
My SL was hit...got stopped out from my open position yesterday...market moves to fast...especially EU...ahead of NFP. I am learning a new experience today...
No trading before NFP?
  • #19,009
  • Edited 4:47pm Mar 6, 2009 8:51am | Edited 4:47pm
Hello all...

Maybe some of you already aware of about what I am going to say here, but I want to share with all you my latest findings on how we can always stick to the 4 Hour Rhythm and Rules while we still can take the aggressive (which is also higher risk) entry using h1 based on our indicators and MAs.

With these findings, I hope we can improve our trading skills, especially to the newbies for this thread. So, I will make this as simple as I can. Here they are:-

H1 Chart

(Note: Consider that all entries are taken at the opening of the signal candle)

Look at the aqua vertical lines. Simply put, they are :-
SHORT Entry = Line A, C, E and G; &
LONG Entry = Line B, D, F, and H

Basically, a high probability SHORT Entry criteria's are:-
1) 21EMA is greater than 8 EMA; &
2) Indicators (MACD, ADX Bar and Gap Indy) are all in agreement, which are all in REDs.

As per H1 chart below, line A, C, E and G are all .

Then, a high potential LONG Entry should have the followings:-
1) 8EMA is greater than 21EMA; &
2) Indicators must all in GREENs.

Line Fand H give us some good shoots, meanwhile B and/or D is either breakeven and/or loss.

Also, I have the dash-lines MAs moving somewhere nearby the price which represent MAs from H4. I will simply say it like this - I see the 4 Hour Rhythm from H1.

AND....

H4 Chart

I purposely attached this chart below the H1 so that you can see how significant/relevant are those aggressive entries from H1 based on the 4 Hour Rhythm.

Well guys, thats it all about. Your suggestions/comments/critics/questions regarding my findings are highly appreciated. Many thanks to Phillip Nel, Palmer, WG, time1300 and also all of you who are making this thread alive and useful.

Have a great weekend guys...!!!

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 43 KB
Click to Enlarge Name: eu.gif Size: 38 KB
  • #19,010
  • Mar 6, 2009 8:54am Mar 6, 2009 8:54am
Quoting fishmen
No trading before NFP?
Yes..extreme volatile market......plus NFP is always on the 1st Friday...also I bet you do not prefer your position to be left open during the weekend...right?

Have a great weekend
  • #19,011
  • Edited 9:58am Mar 6, 2009 9:38am | Edited 9:58am
Quoting orangeRANGE
Hello all...

Maybe some of you already aware of about what I am going to say here, but I want to share with all you my latest findings on how we can always stick to the 4 Hour Rhythm and Rules while we still can take the aggressive (which is also higher risk) entry using h1 based on our indicators and MAs.

With these findings, I hope we can improve our trading skills, especially to the newbies for this thread. So, I will make this as simple as I can. Here they are:-

H1 Chart

[color=red][color=black]Look at the...
Good job, Orange. Thank u so much! ps, A is also a wrong deal. One thing need clarify from u is that the 8 and 21 EMA u mentioned in criteria is the real MA in H1, am i right?

My comments to rule out some false signals is
cautious when price close to important TL or MA,especially SMA89.

Trade A: price close to a TL, there is very little space left.
Trade B: price at 89. important MA.
Trade D: no idea.
we should allow some mistake.
what do u think?
Thanks
  • #19,012
  • Mar 6, 2009 10:35am Mar 6, 2009 10:35am
Hello everyone! It's not been long I started watching this Phillip's 4H MACD. Really, it's great and interesting and good for a newbie like me. I'll want to know what currency pair or pairs you'll advice a newbie to focus on especially on live trading. I discovered that the USD/CHF pair is somehow volatile with very long candles and USD/JPY, at least lately, is having very short candles. The GBP/USD spread of my broker is 4 (large maybe) and EUR/USD is quite really good. So what will you advice? Thanks. ------------------------------------------- GOD, the author of all knowledge and wisdom.
  • #19,013
  • Edited 4:48pm Mar 6, 2009 3:54pm | Edited 4:48pm
Quoting fishmen
Good job, Orange. Thank u so much! ps, A is also a wrong deal. One thing need clarify from u is that the 8 and 21 EMA u mentioned in criteria is the real MA in H1, am i right?

My comments to rule out some false signals is
cautious when price close to important TL or MA,especially SMA89.

[color=red]Trade A: price close to a TL, there is very little space left.
Trade B: price at 89. important MA.
Trade D: no idea.
we should allow some mistake.
what...
fishmen...here are my answers...

The criteria's for the 8EMA and 21EMA are the basically the MAs from H1 itself...but if these two MAs are in agreement with 8/21EMA from H4...this is a very high probability trade. Sometime this is what we can call the BladeRunner method during a strong ternd and fast price movement.

I am sorry because I didn't mention on when exactly we should enter the trade as in post #19010. I already edit the note there. The idea behind the trades are all the entries must be taken at the opening of the candle, not after it is closed. Therefore:-

TRADE A : Is a correct signal. From the opening to its closing, at least you already bang 30pips (more or less) within that 1 Hour;

TRADE B : you are right about the 89SMA. Also, the 8 and 21EMA from H4 also almost have no gap (please look at the dash lines intensively); &

TRADE D : 8/21EMA between H1 and H4 does not agree to each others. Again, look to the dash lines intensively.

HOWEVER...If you take the idea of making your entry after the candle closed..then here are is the answer.....TRADE A, B and D still give you the false signals.

As I said in the beginning that post #19010..."stick to the 4 Hour Rhythm and Rules"....

Hope this helps.
  • #19,014
  • Mar 6, 2009 3:57pm Mar 6, 2009 3:57pm
Quoting daresfile
Hello everyone! It's not been long I started watching this Phillip's 4H MACD. Really, it's great and interesting and good for a newbie like me. I'll want to know what currency pair or pairs you'll advice a newbie to focus on especially on live trading. I discovered that the USD/CHF pair is somehow volatile with very long candles and USD/JPY, at least lately, is having very short candles. The GBP/USD spread of my broker is 4 (large maybe) and EUR/USD is quite really good. So what will you advice? Thanks. -------------------------------------------...
1)EURusd
2)USDchf
3)USDjpy
4)AUDusd
  • #19,015
  • Mar 6, 2009 4:13pm Mar 6, 2009 4:13pm
Quoting orangeRANGE
fishmen...here are my answers...

The criteria's for the 8EMA and 21EMA are the basically the MAs from H1 itself...but if these two MAs are in agreement with 8/21EMA from H4...this is a very high probability trade. Sometime this is what we can call the BladeRunner method during a strong ternd and fast price movement.

[size=4][color=black]I am sorry because I didn't mention on when exactly we should enter the trade as in post #19010. The idea behind the trades are entries must be taken at...
Good morning. Orange. u are very early. Thanks a lot. It take me sometime to digest.
  • #19,016
  • Mar 6, 2009 4:41pm Mar 6, 2009 4:41pm
Quoting fishmen
Good morning. Orange. u are very early. Thanks a lot. It take me sometime to digest.
Yes...study it well...in line with 4 hour rhythm strategies and rules...
  • #19,017
  • Mar 6, 2009 4:51pm Mar 6, 2009 4:51pm
Philip,
Yes, I see that your work has been appreciated by others above and now,
by me.

I can tell by your words how sincere you are in helping others by
creating : simplicity and removing the mystique ( and our self-imposed
difficulties in our trading.

I really look forward in paper trading and incorporating you pointers that
really 'speak' to me.

And seeing a simple system that works for me.

Also, I intend for this to work easily, so that in the future I will
contribute my successful experience for others to learn.

The psychology of trading is my intention to master and be able to
assist other traders in mastering this challenge to improve their
trading.

Thanks again Philip, you have raised the bar !
Cheers, G.K.
  • #19,018
  • Mar 6, 2009 5:15pm Mar 6, 2009 5:15pm
Quoting orangeRANGE
Hello all...

Maybe some of you already aware of about what I am going to say here, but I want to share with all you my latest findings on how we can always stick to the 4 Hour Rhythm and Rules while we still can take the aggressive (which is also higher risk) entry using h1 based on our indicators and MAs.

With these findings, I hope we can improve our trading skills, especially to the newbies for this thread. So, I will make this as simple as I can. Here they are:-

H1 Chart

[size=3][i](Note: Consider that all...
Dear all...

I am posting this to respond my own post #19010 (page 1268) previously and I hope this will help all of us here understand about the idea behind my strategies there.

During the consolidation/ranging/extreme volatility in the market, many of us including myself suggested WAITING is the game and being patience is seems the best way for us. But I have my own limitation too. I felt too much laid back and those were times when I realised that I have missed loads of potential profits I should have made, especially when I looked back at the H1 time frame. This really pissed me off and I need to do something about it.

I need to "unlocked" the secret recipes of the 4 Hour Rhythm...and there is where I found the Coloured Bars Indicators (ADX and Gap) which introduced by Palmer in this system not long ago become very useful in H1 during the "uncertainty" in the market direction.

Many thanks to you Palmer and your coloured bars indy...you are the genius...and I have came out with some little solution and hopefully that all of us in this thread can get benefit from my research.

Last but not least, any question/suggestion/opinion/critics regarding my post #19010 (page 1268) is most welcome.

p/s-I wish our guru still with us here....
  • #19,019
  • Mar 7, 2009 3:36pm Mar 7, 2009 3:36pm
Hello orangeRANGE,
Thanks for your response to my question on what currency pair(s) to focus on which I posted yesterday (March 6) 2009 but just saw your response some minutes ago as I had to attend to some other issues. Thanks.
I've never considered the AudUsd pair before using this Phillip's 4H MACD but will now check it out.
The USDCHF pair on it's own have quite some long wicks which I'm not very comfortable with. However, I see it to be very profitable if enough stop loss is put in place.

Again thanks orangeRANGE and everyone.

-----------------------------------------------
GOD, the author of all knowledge and wisdom.
  • #19,020
  • Mar 7, 2009 3:45pm Mar 7, 2009 3:45pm
Hi PHILLIP;
Thanks a million times for this wonderful 4H MACD strategy which you've made available to all. It's such a wonderful piece which every sincere person (trader) will admit to. It's a mighty answer to huge questions for forex traders the world over, more to a newbie like me.
For your generosity and kindness and willingness to give freely I say thank you. Just know that you're blessed.
Oh! THANK YOU!!!

---------------------------------------------------
GOD, the author of all knowledge and wisdom.
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