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4 Hour Strategy (MACD)

  • #19,481
  • Apr 20, 2009 2:15am Apr 20, 2009 2:15am
Good evening all,

Been super busy guys and hope everyone is making their pippin goals. I have not traded since april 8. I have entered short on the eur/usd as well. I have included my template I use before every trade and maybe it will be handy for some of you. I have included this earlier and it is the template I use before I place a trade and that way it makes me analyze the trade and if confirms the confluences of events before entry. I fill out the rest as the trade progresses.

regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4h.gif Size: 48 KB
Click to Enlarge Name: eurusd 1h.gif Size: 45 KB
Attached File(s)
File Type: doc eurusd trade.doc   37 KB | 564 downloads
Keeping Life Simple
  • #19,482
  • Apr 20, 2009 5:56am Apr 20, 2009 5:56am
Can anyone tell me where I can download a Metatrader demo account that runs on GMT+2 (that's the same one that most people here are using I think, as its what Phillip used). I've been running a MIG demo account for my datafeed, but just finding them way too unreliable - gaps in data from all too regular losses of their feed. Its amazing how it can skew trendlines and moving averages as well.

Thanks people
  • #19,483
  • Apr 20, 2009 6:47am Apr 20, 2009 6:47am
Try fxpro.com
  • #19,484
  • Apr 20, 2009 6:59am Apr 20, 2009 6:59am
Thanks, seems they're +3 though...so 1hr different 4hr candle closing time.

Quoting Borek
Try fxpro.com
  • #19,485
  • Apr 20, 2009 7:15am Apr 20, 2009 7:15am
Quoting BenStevo
Can anyone tell me where I can download a Metatrader demo account that runs on GMT+2

Thanks people
You could try Alpari.
  • #19,486
  • Apr 20, 2009 7:54am Apr 20, 2009 7:54am
Hi

I have demo accounts in IBFX (http://www.ibfx.com) using GMT +0 hrs time scale and GFX (http://www.forex.ch/ ) using GMT+2 hrs time. Below is the Euro USD on the same 4HR MACD template . IT seems that the GMT (ibfx ) MACD missed all the retarcement signals shown in GMT+2 hr .
Does it mean Philips Method is tuned for GMT+2 hrs and trading with GMT time scale will have disadvanatage?
(Picture on the left is IBFX and the right is from GFX.)
Attached Images
  • #19,487
  • Apr 20, 2009 8:21am Apr 20, 2009 8:21am
That's a question that keeps popping up thoughout the entire thread. I haven't really used anything except GMT + 2, but the only reason for that is to keep some consistency with what Phillip and others here are trading. To answer your question though, the general consensus is that the signals will in the end equal themselves out. So you may get a signal on one platform that doesn't show up on another (hey, maybe even 2 or 3), but then there will be times when the other platform comes up with the cleanest signals.

Quoting madan64
Hi

I have demo accounts in IBFX (http://www.ibfx.com) using GMT +0 hrs time scale and GFX (http://www.forex.ch/ ) using GMT+2 hrs time. Below is the Euro USD on the same 4HR MACD template . IT seems that the GMT (ibfx ) MACD missed all the retarcement signals shown in GMT+2 hr .
Does it mean Philips Method is tuned for GMT+2 hrs and trading with GMT time scale will have disadvanatage?
(Picture on the left is IBFX and the right is from GFX.)
  • #19,488
  • Apr 20, 2009 9:08am Apr 20, 2009 9:08am
hi everybody,

today i have started using metatrader mobile . but it seems that it has trial period of 7 days .

anybody using metatrader mobile? if so which brokers are using metatrader ? or any other suggestions other than payin 45 usd for it?
thanks for the help.
  • #19,489
  • Apr 20, 2009 10:19am Apr 20, 2009 10:19am
Still holding the short from 3216. The current stop has 150 pips locked in, about 300 floating.

The current price is lingering around the 38.2 Fib level. A break here could send us to the 23.6 level around 2750. That's the only target that I see from the previous 4hr price action. If price continues this way down, I'll use the 21ema as the stop, letting the market rhythm take me out. The 21 is just above my current stop so we'll see how this plays out....http://www.fxtradeblog.com
Attached Image (click to enlarge)
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  • #19,490
  • Apr 20, 2009 10:33am Apr 20, 2009 10:33am
Quoting Palmer
Still holding the short from 3216. The current stop has 150 pips locked in, about 300 floating.

The current price is lingering around the 38.2 Fib level. A break here could send us to the 23.6 level around 2750. That's the only target that I see from the previous 4hr price action. If price continues this way down, I'll use the 21ema as the stop, letting the market rhythm take me out. The 21 is just above my current stop so we'll see how this plays out....http://www.fxtradeblog.com
I would do the same if I am in your position...keep it up...!!!!
  • #19,491
  • Edited 10:49am Apr 20, 2009 10:38am | Edited 10:49am
Hello all...

Below are my new fib levels for this pair. The rest are still the same though...

NOTE: Next levels to watch...fib 76.4% and S1...

HAVE A LOOK AND MAKE YOUR OWN THOUGHT
Attached Image (click to enlarge)
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  • #19,492
  • Apr 20, 2009 10:42am Apr 20, 2009 10:42am
Quoting Arslan
Hello my dear friends,
I joined this forum a year ago but left it due to some commitments, however, i have joined this forum again and am very happy to see so many people contributing to help others, i really appericate the efforts being made by senior members. I just want to knw where is Mr Phillip Nel, as i havent seen him posting here since long.

I hope i will have excellent oppurtinity here learnig from SAKA, Palmer and Orange.

Wish u guys loads of pips.

Regards
Arslan
Hi Arslan...

Phillip is no longer here...but we still can always learn from each other in this thread as nothing much has changed...especially the basic rules/method as in page 1. Only a few indicators that are new...

Feel free to contribute and ask questions...

All the best...!!!
  • #19,493
  • Apr 20, 2009 10:47am Apr 20, 2009 10:47am
Quoting time1300
Good evening all,

Been super busy guys and hope everyone is making their pippin goals. I have not traded since april 8. I have entered short on the eur/usd as well. I have included my template I use before every trade and maybe it will be handy for some of you. I have included this earlier and it is the template I use before I place a trade and that way it makes me analyze the trade and if confirms the confluences of events before entry. I fill out the rest as the trade progresses.

regards,
Hello bro...wassup?

I thought you already "tired" in here...and I was wrong about that...

Anyway...welcome back man...after sometime...it's good to see some of you again...

Keep in touch (KIT)
  • #19,494
  • Apr 20, 2009 10:54am Apr 20, 2009 10:54am
TC in audusd
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  • #19,495
  • Apr 20, 2009 11:06am Apr 20, 2009 11:06am
Hi to Arslan!

What does your name mean?
  • #19,496
  • Apr 20, 2009 11:13am Apr 20, 2009 11:13am
Quoting draven
hi everybody,

today i have started using metatrader mobile . but it seems that it has trial period of 7 days .

anybody using metatrader mobile? if so which brokers are using metatrader ? or any other suggestions other than payin 45 usd for it?
thanks for the help.
I use alpari ,but live..i think it works also in demo
  • #19,497
  • Apr 20, 2009 11:49am Apr 20, 2009 11:49am
Quoting Palmer
...
Here's the Gap indicator for the USDJPY if anyone is interested. It looks like the value of 0.24 fits well. Any thoughts or suggestions are welcome.
For the other majors, EURUSD, USDCHF, and GBPUSD the value of 0.0030 seems to fit for all of them. ...
hi,P
if put ratio(a-b)/b we don't have to worry what pair (its not exactly as set w/o ratio, but very close - and ratio goes across the board (tfs, pairs) - "selfadjust"
also if play with ind.max/min you can set it as really thin sidebar overlay
btw.P, can you post your adx bar (here or other section) pls?
Attached Image (click to enlarge)
Click to Enlarge Name: gapr.gif Size: 21 KB
Attached File(s)
File Type: mq4 821GapR.mq4   4 KB | 444 downloads
  • #19,498
  • Apr 20, 2009 11:58am Apr 20, 2009 11:58am
Well thanks guys, its great to be back with u guys. well i am operatin a demo and live account wit admiral markets, they seem good so far.

www.fxtradeblog.com is a great site and i appericate the work palmer,

Can you guys send me the link to GAP indicator download thread and the description on the way it operates, i really wana see how it works for eur/usd

orange it seems the eur/usd is over sold and it will retrace back to 21 atleast by tomoro and then will most probably continue, the rythm seems to be clear by now.



Batu The name Arslan mean King and its a turkish name.
  • #19,499
  • Apr 20, 2009 1:04pm Apr 20, 2009 1:04pm
MY eur/usd trade hit all my targets as outlined in my doc. I agree with the down bias and the possibility of going to the 23.6 Fibo line. I will wait for the gap to fill and wait for another entry. We might see price test the trendline based on Oct/Nov/Feb/April bottoms which might be around the 1.2500 price point as you can see on the Daily chart. The Rsi also is testing a long bottom trendline and a break of that, will be a high probability of testing 1.2500
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.gif Size: 47 KB
Keeping Life Simple
  • #19,500
  • Apr 20, 2009 5:32pm Apr 20, 2009 5:32pm
bshadroo:

Suhweeeet Aussie trade!

Here's where I have the EURUSD:

There is a large gap between the 8 and 21 along with the 8emaPrice gap indicator. This is a very fast/strong market to the downside. But, with the 8ema gap showing yellow bars and the current price action showing some difficulty closing below the 2900 level, this tells me that a pullback to the 8ema or a price stall is in the works from here. My current stop is now just above the 21ema so it'll stay there. As the market moves lower (if the market moves lower) I'll move the stop to just above the 21ema to let the rhythm take me out. Still have 150 locked in floating about 300. Same numbers from a few posts ago so that tells me that price is...stalling here or will pull back to the 8 then possibly the 21. Time will tell.

If a pullback occurs, I used the most recent high with the current low here, the first Fib # is at the 3030 area so that might be an area to watch for a re-entry to the short side. The longest ride I had with the 4hr method was 866 pips. That'd be nice to break that run but that is a lot to ask from this point...
Attached Image (click to enlarge)
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