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4 Hour Strategy (MACD)

  • #19,901
  • Edited 7:37pm May 28, 2009 7:18pm | Edited 7:37pm
Quoting andy1969
Hi all,
I just want to give a feed back to all people sharing their experience and spending time in video, chart and any other form of explanation of their trades... I'm silently here every day since april and now It seems my charts start to have some sense when I look at... thx a lot.

Andy
Hi Andy,

Welcome to the thread and thanks for the feedback. With so many people making a contribution to the thread, I hope you are not too confused. Phil Nel, Palmer and now Welshguy are the most experienced in the strategy so if you don't have time, you should at least read their posts. WG's videos are very good too.
Please feel free to ask any questions.
  • #19,902
  • May 28, 2009 7:26pm May 28, 2009 7:26pm
Quoting yuan83
nice 1 but can you tell me where is the higher low you said? thanks
WG will usually explain that in his video. Meanwhile it will probably help your understanding if you did more studying of the strategy. You should at least read all of Phil's posts and lessons and then watch all of WG's videos. If you have any questions about the strategy after that, I am sure that people will be happy to answer them.
  • #19,903
  • May 28, 2009 9:21pm May 28, 2009 9:21pm
Quoting xeneric
WG will usually explain that in his video. Meanwhile it will probably help your understanding if you did more studying of the strategy. You should at least read all of Phil's posts and lessons and then watch all of WG's videos. If you have any questions about the strategy after that, I am sure that people will be happy to answer them.

ya i have read the pdfs and mp3, will look to the videos soon, but guess i didnt know there is the concept of higher low on the actual chart.
  • #19,904
  • May 29, 2009 12:54am May 29, 2009 12:54am
TC Coming up in EU.
Attached Image (click to enlarge)
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  • #19,905
  • Edited 6:25am May 29, 2009 5:25am | Edited 6:25am
Quoting nasir.khan
TC Coming up in EU.
Good call Nasir.

I hope that you made lots of pips on your UJ short from yesterday as well. Had to wait until Asian session for it to make its move and retrace. Unfortunately I got out when it retraced to the 8 EMA. It has now retraced to 21 EMA and could go further.
  • #19,906
  • May 29, 2009 5:46am May 29, 2009 5:46am
Congratulations Welshguy!! Your first video made on the 3rd April 09 has had over 1000 views.

We are very lucky that you made the videos so that we can all learn from them.
  • #19,907
  • May 29, 2009 6:48am May 29, 2009 6:48am
Todays trades.


Long euro by two trades.

both tc's once trend determined and backed up by 4 hour with price support agreeing with MACD.

Cable.

Power of divergence again. Notice the price was real mess. I only took this trade due to the higher low pattern in divergence with the one two on the 89 with the bar closing above the 8 and 13 mas.

Total

136 pips today!

good trading.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cable.jpg Size: 117 KB
  • #19,908
  • May 29, 2009 10:47am May 29, 2009 10:47am
Quoting >Apocalypto<
Todays trades.


Long euro by two trades.

both tc's once trend determined and backed up by 4 hour with price support agreeing with MACD.

Cable.

Power of divergence again. Notice the price was real mess. I only took this trade due to the higher low pattern in divergence with the one two on the 89 with the bar closing above the 8 and 13 mas.

Total

136 pips today!

good trading.
Great trade!
 Can you tell us more detail reason about your trade? Such as entry, tp&sl? thanks!
  • #19,909
  • May 29, 2009 11:00am May 29, 2009 11:00am
Can anyone please send me an MACD with signal and trigger lines? The one on my mt4 wnly ha signsl line.Thanks!!!
  • #19,910
  • May 29, 2009 1:45pm May 29, 2009 1:45pm
Hi

Does anyone know how to delete post?

  • #19,911
  • May 29, 2009 2:13pm May 29, 2009 2:13pm
Quoting >Apocalypto<
Todays trades.


Long euro by two trades.
...
Total

136 pips today!

good trading.
I also today have good trade

entry on H1 - 1.4012
TP - 1.4175 below R3 line from 5min chart
SL - 1.3750 below Pivot level from 5min chart

After 16:00pm I manually exit with 134 pips profit - I wont to leave open trade per week.

This was standard breakout trading from Philip pdf.

Have a nice weekend !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: M5.GIF Size: 17 KB
  • #19,912
  • May 29, 2009 5:11pm May 29, 2009 5:11pm
Quoting ARtuRO
I also today have good trade

entry on H1 - 1.4012
TP - 1.4175 below R3 line from 5min chart
SL - 1.3750 below Pivot level from 5min chart

After 16:00pm I manually exit with 134 pips profit - I wont to leave open trade per week.

This was standard breakout trading from Philip pdf.

Have a nice weekend !
mind if i ask, what's the reason to change to m5 to see TP and SL? thanks
  • #19,913
  • May 29, 2009 7:52pm May 29, 2009 7:52pm
Quoting Iskandar
Hi

Does anyone know how to delete post?


Click on edit to edit your post. If edit is not there then you can't delete it any more.

Once you are in your post, click on delete, then click on delete message then click on delete this message.
  • #19,914
  • May 29, 2009 7:56pm May 29, 2009 7:56pm
Quoting ARtuRO
I also today have good trade

entry on H1 - 1.4012
TP - 1.4175 below R3 line from 5min chart
SL - 1.3750 below Pivot level from 5min chart

After 16:00pm I manually exit with 134 pips profit - I wont to leave open trade per week.

This was standard breakout trading from Philip pdf.

Have a nice weekend !
Great trade Arturo. It was nice to see a breakout trade because I haven't seen one on this thread for a while.

Have a good weekend.
  • #19,915
  • May 30, 2009 1:14am May 30, 2009 1:14am
Quoting yuan83
mind if i ask, what's the reason to change to m5 to see TP and SL? thanks
I have separate window - 5 min chart - and only on this chart I have pivot level. On 4h I want to see only price TL and Fibbonucci - this is my seetings.

In this case 5min show me what price is going to do, when I see that market slow down (price back to 50 MA) this was signal to me that my first target may be difficulty to reach and Iexit on M5 line.

This is only my point of view, because I use often 5 min system.
  • #19,916
  • May 30, 2009 2:25am May 30, 2009 2:25am
Quoting ARtuRO
I have separate window - 5 min chart - and only on this chart I have pivot level. On 4h I want to see only price TL and Fibbonucci - this is my seetings.

In this case 5min show me what price is going to do, when I see that market slow down (price back to 50 MA) this was signal to me that my first target may be difficulty to reach and Iexit on M5 line.

This is only my point of view, because I use often 5 min system.
icic. thanks for sharing. hmmm so your 50MA is used on M5 also? EMA or SMA?
  • #19,917
  • May 30, 2009 5:44am May 30, 2009 5:44am
Quoting yuan83
icic. thanks for sharing. hmmm so your 50MA is used on M5 also? EMA or SMA?
I use 50 Simple MA only to M5.

http://www.forexfactory.com/showthread.php?t=11854

There is link to this system.
  • #19,918
  • May 30, 2009 10:23am May 30, 2009 10:23am
What is your SL and TP?

Regards
{Promotion Removed}
  • #19,919
  • May 30, 2009 12:43pm May 30, 2009 12:43pm
Quoting ARtuRO
I use 50 Simple MA only to M5.

http://www.forexfactory.com/showthread.php?t=11854

There is link to this system.
ah ok I totally didn't know that thread is by philip also. thanks alot!
  • #19,920
  • May 31, 2009 3:12am May 31, 2009 3:12am
Just a reminder that this week is a very busy week. We have 4 central banks handing down their rate decisions. The currencies affected are CAD, AUD, EUR and GBP.
As well as that , we have Non Farm Payroll so trade carefully this week.
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