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4 Hour Strategy (MACD)

  • #19,221
  • Mar 26, 2009 10:48pm Mar 26, 2009 10:48pm
Quoting fishmen
Thanks a lot Benstevo. very inspiring answer. I did not get too much info on the nesting doll. I guess, if correct. Those cyan horizontal lines are your nesting doll lines. Am i right?
Yes, the horizontal lines. Everyone has their favorite chart formations and setups. Mine are nesting dolls and Phillips 3 little sisters
  • #19,222
  • Mar 26, 2009 10:58pm Mar 26, 2009 10:58pm
Quoting BenStevo
Yes, the horizontal lines. Everyone has their favorite chart formations and setups. Mine are nesting dolls and Phillips 3 little sisters
Thanks for the quick reply. I saw that tamkras said there must be consolidation, can u tell me exactly what MA make the consolidation. 8,21,89?

thanks
  • #19,223
  • Mar 26, 2009 11:11pm Mar 26, 2009 11:11pm
Quoting orangeRANGE
Hello all...

Ready for LONG here?
Hello again...

Entry @ 1.3570 with SL @ 1.3520 (50pips risk).

No TP yet...I am planning to leave this trade in open position....

This one is a "gamble"...and hopefully it will survive and wishing that the gap after the weekend will be way above fib 50%.

I only allowed myself to have max 50pips risk because the trend is "weak" but since the morning star pattern is formed (h4) I decided to take this one.

Experimental Trade using real money....

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
Click to Enlarge Name: eu2.gif Size: 26 KB
  • #19,224
  • Mar 26, 2009 11:16pm Mar 26, 2009 11:16pm
Quoting orangeRANGE
Hello again...

Entry @ 1.3570 with SL @ 1.3520 (50pips risk).
Sorry...my entry @ h1 should be @ this aqua vertical line. The previous one is wrong.

Sorry about that...
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 26 KB
  • #19,225
  • Mar 26, 2009 11:17pm Mar 26, 2009 11:17pm
Its nothing to do with moving averages. Yes, the averages do come into play as far as determining possible targets etc, but the nesting dolls are simply chart formations.
Have a bit more of a look through her stuff (Tamkras) and if it gets interesting, also look at 'pips4uand4me' postings.
I'm also happy to give you more info, but maybe PM me as its not really part of Phillips strategy so best not to spend too much time on this thread with it.

Quoting fishmen
Thanks for the quick reply. I saw that tamkras said there must be consolidation, can u tell me exactly what MA make the consolidation. 8,21,89?

thanks
  • #19,226
  • Mar 27, 2009 4:59am Mar 27, 2009 4:59am
Quoting fishmen
Where is the box, can u describe in detail, thanks
Box range, is when the price is stuck in a range which is usually seen as a period of consolidation. The box which I have highlighted below shows this. Soon as you have a close outside of that with a candle pattern / macd signal you have a high probability trade.

See attached.

any questions please ask.

Cheers WG
Attached Image (click to enlarge)
Click to Enlarge Name: gbp4h(26-03-09) box.gif Size: 23 KB
  • #19,227
  • Mar 27, 2009 5:35am Mar 27, 2009 5:35am
Quoting ForexTrader
Welcome back. I've been to Miami for spring break many years ago.... it's quite a sight.

How did you decide your TP? There's no MA or psychological number there.

Edit: Was it the Fib?
Ok 1st of all a "Fib" is a fibonacci retracement, its another western techincal indicator. More info can be found here: http://www.forexfactory.com/showthread.php?t=75922
Most experienced traders will use them for retracement levels / extension levels.

There are 2 reasons for this target:
1) The fib retracement (.38%)
2) If you measure the width of the box range and add that to the bottom support you will get the primary target. If you want more info about this give me a PM

Cheers WG
  • #19,228
  • Mar 27, 2009 5:41am Mar 27, 2009 5:41am
Quoting yuyudada
Hi,Whelshguy2000!

It's my question too,and because the price pull back dramatically, so I want to know where is ur SL.My third question is why you go short since price got support right with the 365EMA?
Hopefully I have answer the the 1st question, if you were following the rules strictly your stop loss would be 4634 (4640 to avoid a tick up) which is the high of the box range and the high of the breaking candle.

You are correct the 365 was holding in as support however if you look at the time of entry and 8EMA held in and had started to head lower, I do not view the long term time frames to hold in to the exact pip - price will very often be pushed 50 / 100 pips past these. These longer term time frames are for people to identify the overall trend.

Cheers WG
  • #19,229
  • Mar 27, 2009 5:43am Mar 27, 2009 5:43am
Quoting welshguy2000
Good afternoon all,...
Closed this trade @ 4425 = +81pips
  • #19,230
  • Mar 27, 2009 7:05am Mar 27, 2009 7:05am
Quoting orangeRANGE
Hello again...

Entry @ 1.3570 with SL @ 1.3520 (50pips risk).

No TP yet...I am planning to leave this trade in open position....

This one is a "gamble"...and hopefully it will survive and wishing that the gap after the weekend will be way above fib 50%.

I only allowed myself to have max 50pips risk because the trend is "weak" but since the morning star pattern is formed (h4) I decided to take this one.

Experimental Trade using real money....
Wow...

What happened to the market man...? I got stopped out in this trade....

Nothing much to say here...maybe I'll make entry after NFP next week...the market seems "unfriendly" to me lately....

Hiisssshhhh.....
  • #19,231
  • Mar 27, 2009 7:24am Mar 27, 2009 7:24am
I am a fresh demotrader and the 4HR MACD strategy is great and I find it more fitted to my profile.
I am studying this in detail now but am stuck because when I download and try to extract any zipped file it gives me an error tellign it is not a valid archive. Tried winzip/iceow / addign extensions, changing file names etc...still unsuccessful.
Can some one let me know how to resolve this?
Meanwhile, will be of great help if some one can post the unzipped versions of lesson Lessons 1,4, 12 and 13 and 4H calculation spreadsheet.xls.

Thanks
Madan
  • #19,232
  • Mar 27, 2009 7:45am Mar 27, 2009 7:45am
Quoting madan64
I am a fresh demotrader and the 4HR MACD strategy is great and I find it more fitted to my profile.
I am studying this in detail now but am stuck because when I download and try to extract any zipped file it gives me an error tellign it is not a valid archive. Tried winzip/iceow / addign extensions, changing file names etc...still unsuccessful.
Can some one let me know how to resolve this?
Meanwhile, will be of great help if some one can post the unzipped versions of lesson Lessons 1,4, 12 and 13 and 4H calculation spreadsheet.xls.

Thanks
Madan...
Clear out your browser cache and try again. If that doesn't work, switch from IE to another browser. IE is junk.
  • #19,233
  • Mar 27, 2009 7:54am Mar 27, 2009 7:54am
Quoting madan64
I am a fresh demotrader and the 4HR MACD strategy is great and I find it more fitted to my profile.
I am studying this in detail now but am stuck because when I download and try to extract any zipped file it gives me an error tellign it is not a valid archive. Tried winzip/iceow / addign extensions, changing file names etc...still unsuccessful.
Can some one let me know how to resolve this?
Meanwhile, will be of great help if some one can post the unzipped versions of lesson Lessons 1,4, 12 and 13 and 4H calculation spreadsheet.xls.

Thanks
Madan...
I use firefox and never have problem downloading files. otherwise try softwares like flashget. virus infected??
  • #19,234
  • Mar 27, 2009 8:15am Mar 27, 2009 8:15am
Quoting ForexTrader
Clear out your browser cache and try again. If that doesn't work, switch from IE to another browser. IE is junk.
Unbelievable...
Thanks Forex Trader ..Firefox worked..
Learned a new lesson today
IE is JUNK!!!!!
  • #19,235
  • Mar 27, 2009 8:16am Mar 27, 2009 8:16am
Quoting fishmen
I use firefox and never have problem downloading files. otherwise try softwares like flashget. virus infected??
Thanks a lot..
It worked with Firefox..
  • #19,236
  • Mar 27, 2009 8:34am Mar 27, 2009 8:34am
Had the same problem last night and the Firefox switch worked for me, still not sure why I even have IE on a shortcut it is total junk!
  • #19,237
  • Mar 27, 2009 12:10pm Mar 27, 2009 12:10pm
Hi all...

I just think that EU might retrace back to somewhere @ fib 23.6%...but as per h4 below, it has to break below 89 and 365 before it reach this fib level.

3 INSIDE DOWN pattern developed as in d1 (blue box). Price already break below fib 38.2% and went below 21ema as in h4 as well (a downtrend market).

Entry @ 1.3280 with SL @ 1.3330 (50pips risk and only 9pips above fib 38.2%). No TP decided yet...and again...this is a "gamble" trade for me.

It might not be survive but hey...what the hell...I prefer to give it a try rather than too much in a wait. I don't want my money stay LAZY. I want my money works for me.

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
Click to Enlarge Name: eu2.gif Size: 19 KB
Click to Enlarge Name: eu3.gif Size: 25 KB
  • #19,238
  • Mar 27, 2009 12:32pm Mar 27, 2009 12:32pm
good trading system... i think i will study it more..
Greed plus Patience equals Bliss
  • #19,239
  • Mar 27, 2009 12:55pm Mar 27, 2009 12:55pm
Right, its only my first day trading this system but have placed a position on EURUSD

ENTRY - 1.3282
S/L - 1.3246
T/P - 1.3390

On basis that MACD has formed RB and price seems to have found resistance off 1.3300 which is level formed from January price action.

Looking for retracement towards 21SMA and then further short action subsequently

Any thoughts please let me know???
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 270309.gif Size: 24 KB
  • #19,240
  • Mar 27, 2009 12:58pm Mar 27, 2009 12:58pm
Quoting orangeRANGE
Hi all...

I just think that EU might retrace back to somewhere @ fib 23.6%...but as per h4 below, it has to break below 89 and 365 before it reach this fib level.

3 INSIDE DOWN pattern developed as in d1 (blue box). Price already break below fib 38.2% and went below 21ema as in h4 as well (a downtrend market).

Entry @ 1.3280 with SL @ 1.3330 (50pips risk and only 9pips above fib 38.2%). No TP decided yet...and again...this is a "gamble" trade for me.

It might not be survive but hey...what...
Dangerous orange. It has been gapped (yellow) for a while. and normally price will retrace back to find 8EMA. It is Friday today. Why not clean it up and enjoy ur weekend.
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