4 Hour Strategy (MACD) | Page 1019 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #20,361
  • Jul 19, 2009 3:13am Jul 19, 2009 3:13am
Quoting fena74
Thank you very much time1300,
Lets keep the thread alive and as close as it was started with the begiing from Phillip.
I see this thread is a little walk away with the initial meaning but I hope this to be just a...
If you want to keep this thread alive then you should post. So many people pop in and out and say that it isn't the same as when Phil was here but if we want to keep this thread the way it used to be then people who were here when Phil was here need to post.

I only started to post when I thought the thread was dying and especially when someone attacked the thread and said that it didn't work.
I thought that if Phil was not here to defend it then I should take a stand.

It is no use in criticising things if you are not willing to make a contibution to make it better. This is not just aimed at you.

There are so few people keeping this thread alive right now that I think it may disappear soon and then that would be a shame.
  • #20,362
  • Jul 19, 2009 4:48pm Jul 19, 2009 4:48pm
I am sure that most of the people posting here are aware that there is no "holy grail" when it comes to trading. There are some that poke their heads in briefly to ask about the system and how well it works. To those who are still looking, I would like to say that the only true "holy grail" to trading is money management. I am guilty, myself, of breaking my rules in regard to money management and it is for this reason that I have often struggled with my trading. I get going and the next thing I know, I shoot myself in the foot by doing something like trading bigger to make up for a loss or something like that.

This trading methodology can work. It is not the end-all solution. It works, like other methods work, if you understand it and follow the rules. Trading is an ongoing learning experience. I go back and review the thread here over and over. I have Phillip's mp3s loaded on my iPod to listen over and over because I know I get something new each time I listen. I have made it a point to watch WGs videos on You Tube. This is not a black box and will not trade for you and if you think those work, ask someone who has lost a great deal by having a "red light, green light" system.

Any method has it's good times and not so good times. If you look at a daily chart for the USD pairs for the last month you will see why this method may not be working as well as you may have hoped (80% or better). I have attached the daily charts for the EURUSD, GBPUSD and USDCHF. Notice that they have been in what WG calls a box-range since the beginning of June. This would make it hard to trade most longer timeframe methods (ie. 4hr).

So, taking a longer view of the USD pairs right here would reveal that this is a consolidation period. Phillip would say that the market is building up emotion to make a move. We can't predict the move but when it happens, we have the tools to react to it. I would also like to point out that the current "box-range" could also be considered a handle of a very nice looking cup, for those of you who are familiar with that terminology. Both the Eur and Gbp have this formed and if you flip the USDCHF upside-down you would see the same formation. As I said, we cannot predict the direction the market will take, but these are powerful formations that usually result in some nice moves. When a break to the upside occurs from here, it can really go up and conversely, if it fails from these formations, it can really go down.

That being said, I am not insinuating that we should trade based on these. I am merely saying that we can, and should look at the daily to get an indication of what we are looking for when we trade this methodology. I am watching to see what happens on the daily and then trading based on the 4 hour using the rules covered throughout this thread.

Good trading this week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 7_19_09 Daily.JPG Size: 107 KB
Click to Enlarge Name: GBPUSD 7_19_09 Daily.JPG Size: 112 KB
Click to Enlarge Name: USDCHF 7_19_09 Daily.JPG Size: 121 KB
  • #20,363
  • Jul 19, 2009 7:19pm Jul 19, 2009 7:19pm
FYI,

This strategy created by phillips can actually work in trending and consolidation period. Most of the people only focused and tried to master the trending. So far, i think only phillip know how to trade those consolidation period consistently. Its a skill level that is hard to achieve.

The only thing that is difference is that the stoploss has gone higher over the years. It rarely fall under the 50pips. Most are 50pips and above. Its the dynamic market that has changed and i found that i had problem getting the R:R of 1:1. Sometimes, i see a good setup that has 1:0.7.

regards
jin
  • #20,364
  • Jul 19, 2009 8:10pm Jul 19, 2009 8:10pm
Quoting jinsen
FYI,

This strategy created by phillips can actually work in trending and consolidation period. Most of the people only focused and tried to master the trending. So far, i think only phillip know how to trade those consolidation period consistently. Its a skill level that is hard to achieve.

The only thing that is difference is that the stoploss has gone higher over the years. It rarely fall under the 50pips. Most are 50pips and above. Its the dynamic market that has changed and i found that i had problem getting the R:R of 1:1. Sometimes, i...

hmm i think the daily range of UJ seem to be smaller now though.
  • #20,365
  • Edited 9:08pm Jul 19, 2009 8:31pm | Edited 9:08pm
Quoting yuan83
hmm i think the daily range of UJ seem to be smaller now though.
I have noticed that with the lower volatility over the last month that my stops are also smaller.

I can't wait until end of summer holidays (winter for us here and no holiday) for the activity to start up again. Last year, the activity started really early and we had over 1500 pip move in the month of August but usually it starts again in September.
  • #20,366
  • Edited 8:58pm Jul 19, 2009 8:39pm | Edited 8:58pm
Quoting jinsen
FYI,

This strategy created by phillips can actually work in trending and consolidation period. Most of the people only focused and tried to master the trending. So far, i think only phillip know how to trade those consolidation period consistently. Its a skill level that is hard to achieve.

The only thing that is difference is that the stoploss has gone higher over the years. It rarely fall under the 50pips. Most are 50pips and above. Its the dynamic market that has changed and i found that i had problem getting the R:R of 1:1. Sometimes, i...
Hi Jinsen. I think even Phillip is having a bit of a problem this week. For those who don't get his weekly anticipation by email, read here. Phillip has up to date been quite accurate which is hard to do when you are anticipating the future in forex.
  • #20,367
  • Jul 19, 2009 8:48pm Jul 19, 2009 8:48pm
Quoting swingdjpj
I am sure that most of the people posting here are aware that there is no "holy grail" when it comes to trading. There are some that poke their heads in briefly to ask about the system and how well it works. To those who are still looking, I would like to say that the only true "holy grail" to trading is money management. I am guilty, myself, of breaking my rules in regard to money management and it is for this reason that I have often struggled with my trading. I get going and the next thing I know, I shoot myself in the foot by doing something...
Thanks for sharing your experience Swingdjpj - always good to hear and I have made the same mistakes with money management myself - I still do. It is the thing that I struggle the most with. I think I will try listening to Phillip on iPod also.
  • #20,368
  • Jul 20, 2009 5:42am Jul 20, 2009 5:42am
Took the 4hr macd TC on UCAD - a little late.

STOP : 1.1113
Entry : 1.10631
Closed : 1.1024 for 39 pips
Attached Image (click to enlarge)
Click to Enlarge Name: ucad4hr.gif Size: 30 KB
  • #20,369
  • Jul 20, 2009 7:43am Jul 20, 2009 7:43am
Quoting jinsen
FYI,

This strategy created by phillips can actually work in trending and consolidation period. Most of the people only focused and tried to master the trending.


jin
Jinsen, I understand that this is true. I was pointing out something you had mentioned in your earlier post about the weight of the longer time frame. It is just that I have better results when I first look at the daily to see the bigger picture. There had been some posts that indicated peoples doubts in the strategy and I wanted to point out that the big picture sometimes can give clues as to how to trade the strategy. Remember that Phillip has always stressed the rhythm of the market over the signals. It is when we forget this that we find difficulties in trading this way.
  • #20,370
  • Jul 20, 2009 8:08am Jul 20, 2009 8:08am
In keeping with what I have said about the bigger picture, I took a few positions overnight. I took the TC on the EURUSD and the AUDUSD. The EURUSD trade was an 1.4130 entry with a 1.4060 stop. I moved the stop to breakeven when it was near the prior high of July 1st.

I also took the GBPUSD long based more on the support it found at the moving averages. After testing the major averages, it formed a nice bullish candle along with a round bottom on the macd. I felt it gave me a good RR by having the stop just below the entry candle which was resting right on the 89 sma.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 7_20_09.JPG Size: 123 KB
  • #20,371
  • Jul 20, 2009 9:52am Jul 20, 2009 9:52am
I see bearish div on GU, forming a not that nice round top on macd though. possible move to 89MA
  • #20,372
  • Jul 20, 2009 12:04pm Jul 20, 2009 12:04pm
Quoting xeneric
If you want to keep this thread alive then you should post. So many people pop in and out and say that it isn't the same as when Phil was here but if we want to keep this thread the way it used to be then people who were here when Phil was here need to post.

I only started to post when I thought the thread was dying and especially when someone attacked the thread and said that it didn't work.
I thought that if Phil was not here to defend it then I should take a stand.

It is no use in criticising things if you are not willing to make a...
Agree with you Xeneric veteran traders should post more frequently to keep it alive and continue the the great cause.

I was busy getting a VISA card and finding the right broker ( don't think i was missed much LOL.) will try to post now on.
  • #20,373
  • Edited 1:45pm Jul 20, 2009 12:40pm | Edited 1:45pm
Hello traders.

I use MACD to enter a trade too but I have found better way for profit taking (I think).
Usually I use FIB expansion levels for profit taking - level 161.8. Since I take trades if stoploss is around 50 pips than 1 good trade gives me about 4 or 5 or even more times bigger profit than my stoploss. I'm currently in EUR/JPY. Have +50 pips at the moment.
http://img505.imageshack.us/i/85801633.jpg/

http://img505.imageshack.us/i/85801633.jpg/
  • #20,374
  • Edited 9:45pm Jul 20, 2009 1:25pm | Edited 9:45pm
Hi there, I have shorted on EY at 133.94

reasons:
MACD Round top
Evening Star at top of the up trend

My Profit target is 21ema

Stop loss above trendline.. rightnow i am down -20pips..

what you guys think. is this valid trade? .. approx 40 pip gain i will set it to breakeven.

Edited:
I closed trade at 70 pip gain ..

thanks to xeneric for reply..

shaggy
Attached Image (click to enlarge)
Click to Enlarge Name: ey july 20.gif Size: 28 KB
  • #20,375
  • Jul 20, 2009 2:04pm Jul 20, 2009 2:04pm
I know it is too early but on day time frame hit the dayly trendline.RT is forming may be. On the 4 Hrs it is the same situation-RT. Here it is for first time candles closed over 02.07.09 trendline but RT and too away from 8 Ema it is hope to pull back to it. We are in a channel on 4 Hrs so I hope we could look for short soon after this candle and one more are close and RT is forming on the chart. Any suggestions I will appreciate comments for any possibility for short in these 8 calm sessions hours I hope after London and US are closed. Still wait it is too eary for CT. Just I try to show my point of view.

Thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hoursgbp_day.gif Size: 32 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 4hoursgbp_4hours.gif Size: 35 KB
  • #20,376
  • Jul 20, 2009 6:21pm Jul 20, 2009 6:21pm
the price was resisted by the up channel, the candle before was a hammer,but it is a CT trade,so when i wake up ,i see nothing happen,so i closed my trade........


Attached Image (click to enlarge)
Click to Enlarge Name: 20090720.gif Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20090720over.gif Size: 17 KB
  • #20,377
  • Edited 7:33pm Jul 20, 2009 6:48pm | Edited 7:33pm
Thanks to all the people that posted. With everyone posting, I hope that it will be almost as good as when Phil was here.
  • #20,378
  • Edited 8:10pm Jul 20, 2009 6:53pm | Edited 8:10pm
Quoting ssq
the price was resisted by the up channel, the candle before was a hammer,but it is a CT trade,so when i wake up ,i see nothing happen,so i closed my trade........
SSQ, since you have been so unsuccessful with CT trades, I think you should give up on them and concerntrate on TC trades. Trading is after all about taking high probability trades and from what I can see, CT trades are not high probability for you at all. You should do some backtesting to find out what trades are high probability for you.
  • #20,379
  • Edited 10:07pm Jul 20, 2009 7:04pm | Edited 10:07pm
Quoting nasir.khan
Agree with you Xeneric veteran traders should post more frequently to keep it alive and continue the the great cause.

I was busy getting a VISA card and finding the right broker ( don't think i was missed much LOL.) will try to post now on.
I was wondering where you were, Nasir. Good to hear from you again, mate. Hope you found a good broker. I discovered that yet another broker has recently opened an office in our country. It is because the rules are different here and we are not governed by the NFA and you can hedge etc.
  • #20,380
  • Edited 8:11pm Jul 20, 2009 7:10pm | Edited 8:11pm
Quoting Trader100
Hello traders.

I use MACD to enter a trade too but I have found better way for profit taking (I think).
Usually I use FIB expansion levels for profit taking - level 161.8. Since I take trades if stoploss is around 50 pips than 1 good trade gives me about 4 or 5 or even more times bigger profit than my stoploss. I'm currently in EUR/JPY. Have +50 pips at the moment.
http://img505.imageshack.us/i/85801633.jpg/

http://img505.imageshack.us/i/85801633.jpg/
Welcome trader100. Unfortunately I can't see your chart. Did you click on file-> save as picture in MT4 platform ? Try again. Looking forwards to seeing your trade. If others can see the chart, please tell me.
7 traders viewing now