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4 Hour Strategy (MACD)

  • #19,821
  • May 24, 2009 4:03am May 24, 2009 4:03am
Quoting >Apocalypto<
why would u use a macd on the aud/usd on the kiwi?? they move just about pip for pip....

so if u can't see the turn on the Kiwi what makes u think u will see it on the aud? chart is way to complicated mate.

when I traded the actuall 4 hour method I did not even use the fancy macd, I learnt the patterns inside out so I could feel them forming.

my tip to u uncomplicated that chart... all u need it what Phillip advised to use on page 1.

I know this cuz I make over 500% with this method.

I am not having a go at u

good trading.
I completely agree. You will see from the more serious traders here that their charts are free of indicators and just show candles / fibs / trendlines. Try not to expand on the system, its been refined perfectly over time and needs nothing extra.

Apocalypto 500% good trading! What happened to the other 500%? ha

Cheers WG
  • #19,822
  • May 24, 2009 4:44am May 24, 2009 4:44am
Quoting BullsAndBear
Guys,

I needed a skilled opinion. I think i see a diveregence on the daily and 4h but since i dont use this macd for a long time wanted to see if anyone here who does use it reads this the same way. Hopefully the pics speak for themselves. I put a line across the macd to show that the current move di not reach the same levels as the previous move on the macd. That is significant divergence right?

I see a similar divergence pattern on cable but it's gonna be a tricky proposition to trade this one without a price confirmation.
Attached Image
Hear the music before the song is over ...
  • #19,823
  • May 24, 2009 11:54am May 24, 2009 11:54am
Quoting >Apocalypto<
why would u use a macd on the aud/usd on the kiwi?? they move just about pip for pip....

so if u can't see the turn on the Kiwi what makes u think u will see it on the aud? chart is way to complicated mate.

when I traded the actuall 4 hour method I did not even use the fancy macd, I learnt the patterns inside out so I could feel them forming.

my tip to u uncomplicated that chart... all u need it what Phillip advised to use on page 1.

I know this cuz I make over 500% with this method.

I am not having a go at u

good trading.
Wow! 500%! Genius!!
The hotest thread on FF has become simeri since Phillip doesn’t go to this thread. Few skilled traders post their trades here, May you show us ur trades just like WG doing? It will help people who want to study a lot! Thanks!
  • #19,824
  • May 24, 2009 1:56pm May 24, 2009 1:56pm
Attached Image


another Elliott view, hope its helpful

Written by TheLFB-Forex.com | May 22 09 12:40 GMT

Eur/Usd "1.4000 Turning Point"
4 Hour Chart trend: Short possibilities. Main price points: 1.3970. Looking for: Wave V) top
Euro made another push up against the US dollar and finally hit our Fibonacci target area. The 1.3737 area acted perfectly as support in the blue wave iv, for a higher wave v price, as highlighted yesterday. If the wave count is correct then the market should make a turning point soon; maybe in the next week, or maybe even ahead of the U.S. bank holiday on Monday. We can count five black waves up in an extended red wave III which means that the market should make at least three waves of pull-back into the red IV. We will be looking for three waves of retracement, once the wave IV correction starts.
  • #19,825
  • May 24, 2009 10:37pm May 24, 2009 10:37pm
Quoting xeneric
It has come to my attention that some templates that are recently being posted have problems with them. For those who are having trouble downloading templates and the macd, here they are. These are for charts with 5 decimal digits. Those who are still using charts with 4 decimal digits should download the one from www.fxtradeblog.com
It is a system based on price action but includes 1 indicator and 5 moving averages which are included in the template.
Thank you for sharing the indicators
  • #19,826
  • Edited 1:33am May 25, 2009 1:08am | Edited 1:33am
Quoting bellefemme
Thank you for sharing the indicators
Welcome to the thread and please don't hesitate if you have any questions.
You can also find the indicators and additional information on www.fxtradeblog.com which is Palmer's website.
  • #19,827
  • May 25, 2009 1:35am May 25, 2009 1:35am
Quoting welshguy2000
Morning all,

First of all I just wanted to thank everyone for the feedback i'm getting on the videos trade reviews & the lessons (next one will be uploaded tonight)

Right onto today, i've decided to a short on the EUR its quite a risky trade - which I wouldn't normally take. These reasons i'll explain in the video review. Here are the reasons why I have taken the trade:

1) Series of 4H spinner closes showing trendline resistance, and lack of momentum to break price channel.
2) After the belt holding candle close at 16:00 (21/05/09) the small...
I am going short EU too but with the public holiday, it may be a little slow today.
  • #19,828
  • May 25, 2009 2:18am May 25, 2009 2:18am
Morning all,

As promised I had some time of the weekend to do the 2nd lesson, which is just how the basic system works. Please take a look, your comments & questions would be greatful as this will help others learn.

Inserted Video


Please post any comments / questions on youTube to free up the thread here. As always subscribe to my channel to receive updates for the new videos coming.

Cheers WG
  • #19,829
  • May 25, 2009 5:42am May 25, 2009 5:42am
Quoting welshguy2000
I completely agree. You will see from the more serious traders here that their charts are free of indicators and just show candles / fibs / trendlines. Try not to expand on the system, its been refined perfectly over time and needs nothing extra.

Apocalypto 500% good trading! What happened to the other 500%? ha

Cheers WG
Hi Welsh Guy,

great work on stepping up to keep the method going.

I still think many members in this thread are missing the point. There is no 100% fail proof method to trading.

If u want to get this then go over all the pdfs all the lessons all the audios files 20 times each! you can only copy so much.... you need to learn in your own way market rythem.. till u do this you will not hit the 300+ pips a month.

it's critical you learn this. when i made my 500% i was not in rhythm as I could be and I loved TC's but i only took great on RR and got out quick.

but I followed the rules and held my winners when the rythem showed a trend.

anyone can do it if u study the lessons.

I still use the 4hour method principals but i have changed it to suite me on a 15 min chart. please beware to trade this on lower time frames then u have to be strong with the rhythm.

lol the other 500%? that's still in the market mate.

cheers.
  • #19,830
  • May 25, 2009 5:43am May 25, 2009 5:43am
Quoting yuyudada
Wow! 500%! Genius!!
The hotest thread on FF has become simeri since Phillip doesn’t go to this thread. Few skilled traders post their trades here, May you show us ur trades just like WG doing? It will help people who want to study a lot! Thanks!


I sent u a PM,

I don't use the 4hour like you all do.

I use it on 15min with same rules but in a different way.

go though page one study it all.

cheers
  • #19,831
  • May 25, 2009 8:31pm May 25, 2009 8:31pm
Quoting >Apocalypto<
I sent u a PM,

I don't use the 4hour like you all do.

I use it on 15min with same rules but in a different way.

go though page one study it all.

cheers

can you send me a pm too. please.
  • #19,832
  • May 26, 2009 3:11am May 26, 2009 3:11am
It has a long time since I wrote last post, today Gu forms a Tc signal which is wrong, I just want to tell you why I didn't enter this one.

First from daily chart, we can see the previous candle is a hanging man, so we should have a bear view for today's trend.
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At 4h chart, we can see the angle of the trend becomes flat which means the momentum decreases. And price also try to overcome the reisitant which is also near 1.6000, we shouold pay more attention about this!
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At 5min chart, the circle shows you that the previous candles of 8:00 are strong bullish ones, we know that there are several important news would release at 8:00, at this point, we should at least wait price to retrace to the war zone which is the area between 10 & 21 ema, thus we can have a more comfortable enter point. Don't Chase the trend especially when big news release!
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Plan your trades and trade your plans
  • #19,833
  • May 26, 2009 4:09am May 26, 2009 4:09am
Quoting Iskandar
can you send me a pm too. please.
the pm was not about the version of the 4 hour method... was an answer to the pm I received.

I thought about posting my 15 min version, but i have decided not to as it is really based on rhythm. if u can trade the 4 hour u can drop down to 15 min and try the rules on that time frame.

learn the 4 hour then go 1 hour then see if u can adapt it to suit lower times.
  • #19,834
  • May 26, 2009 4:27am May 26, 2009 4:27am
Quoting saka
It has a long time since I wrote last post, today Gu forms a Tc signal which is wrong, I just want to tell you why I didn't enter this one.

First from daily chart, we can see the previous candle is a hanging man, so we should have a bear view for today's trend.
Attachment

At 4h chart, we can see the angle of the trend becomes flat which means the momentum decreases. And price also try to overcome the reisitant which is also near 1.6000, we shouold pay more attention about this!
Attachment

At 5min chart, the circle...

Tq Saka for the infomation.
  • #19,835
  • May 26, 2009 4:40am May 26, 2009 4:40am
Quoting >Apocalypto<
Hi Welsh Guy,

great work on stepping up to keep the method going.

I still think many members in this thread are missing the point. There is no 100% fail proof method to trading.

If u want to get this then go over all the pdfs all the lessons all the audios files 20 times each! you can only copy so much.... you need to learn in your own way market rythem.. till u do this you will not hit the 300+ pips a month.

it's critical you learn this. when i made my 500% i was not in rhythm as I could be and I loved TC's but i only took great on RR and got...
Completely agree with you. Lesson 2 is only meant to outline the basic system:

Inserted Video


Stop losses and Target Profits together with market rhythm and emotion will be covered in the next couple of lessons which will hopefully explain alot better with Apocalypto is talking about

Cheers WG
  • #19,836
  • May 26, 2009 5:08am May 26, 2009 5:08am
Quoting xeneric
Are you asking if the MACD has changed or if the strategy has changed ? I thought you asked if the MACD has changed.

oo i referring to the strategy. Anyway the MACD has changed? in wad way?
  • #19,837
  • Edited 6:26am May 26, 2009 5:27am | Edited 6:26am
Quoting saka
It has a long time since I wrote last post, today Gu forms a Tc signal which is wrong, I just want to tell you why I didn't enter this one.
Saka. We have really missed your posts. I hope you are well and making lots of pips.
  • #19,838
  • May 26, 2009 5:36am May 26, 2009 5:36am
Quoting yuan83
oo i referring to the strategy. Anyway the MACD has changed? in wad way?
The main difference is that Welsh Guy is now teaching the strategy instead of Phil. As all the previous posts have said, you need to start studying from the beginning of the thread. If you are a beginner, it is probably best to study all Phil's lessons and examples and understand them well before watching WG's videos. WG's video's are all based on Phil's strategy.
  • #19,839
  • Edited 6:10am May 26, 2009 5:47am | Edited 6:10am
Guys please I know this is hindsight

but look at the chart some great great trading opps in the last 3 weeks.

on my chart i have drawn up some of the opps.

this is to teach all u new guys that money is every ware. If u can wait for classic set ups

look at the area that is in the lines the mas are straight to just up so we can see less trend more emotion. the plays are shorter.

now look at the first trade after the line big TC off the mas with 89 starting to turn up the angle of lower MAs is hard no shorts! we have divergance and a lower high a short play. close mas show weak trend long had to be short or its a loss. i think u had a loss there.

zero break short, very nice move target 89! round bottom off the 89 this is PLUM! 100% long and trend cont. look at ma angle NO SHORTS tc long another tc long now top of trend small tc was a loss big deal we just cleaned up!

now no short on the macd round top as it's a strong up trend. price make a lower high with lower high on macd this take price under mas (trend has changed!) SHORT target 89! with a counter expected along the way to 21!

this is rhythm look for a moving market and trade it off the rules!

a couple of those trades would be 2 months earners

Good Trading
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  • #19,840
  • May 26, 2009 6:20am May 26, 2009 6:20am
great analysis, did you short GBP instead ?

Quoting saka
It has a long time since I wrote last post, today Gu forms a Tc signal which is wrong, I just want to tell you why I didn't enter this one.

First from daily chart, we can see the previous candle is a hanging man, so we should have a bear view for today's trend.
Attachment

At 4h chart, we can see the angle of the trend becomes flat which means the momentum decreases. And price also try to overcome the reisitant which is also near 1.6000, we shouold pay more attention about this!
Attachment

At 5min chart, the circle...
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