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4 Hour Strategy (MACD)

  • #20,461
  • Jul 23, 2009 12:14pm Jul 23, 2009 12:14pm
has anyone have a full compilation of the macd system with all the information I one whole pdf? Cant seem to find the different post.

Thanks

andrew
  • #20,462
  • Jul 23, 2009 12:53pm Jul 23, 2009 12:53pm
i just took short on EU solely based on div of macd, new high but yet macd showing lower high. nice move back to the 21MA but unfortunately my internet got problem and made close trade early :X
  • #20,463
  • Jul 23, 2009 12:53pm Jul 23, 2009 12:53pm
Quoting andrewnair
has anyone have a full compilation of the macd system with all the information I one whole pdf? Cant seem to find the different post.

Thanks

andrew
everything is one the 1st page. anw there are so many mp3, not possible to compile also
  • #20,464
  • Jul 23, 2009 8:32pm Jul 23, 2009 8:32pm
Hello, guys

I remember that Philliph has said trend direction is determined by 89sma, I’m confused what if 89sma is downward while PA makes higher high? Just like USD/JPY doing now?
Thank you.
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  • #20,465
  • Edited 11:09pm Jul 23, 2009 8:50pm | Edited 11:09pm
Quoting andy1969
Actually no..., I'm not getting comfortable whit the system, but I'm really new to forex. To give you an idea, my (demo) losses are around hundreds pips per month but lightly reducing while time passes... and, yes, of course... I'm reading pdf, earing youtube lessons, following threads and so on...
Thank you for your earlier comment. Don't worry too much if you are having trouble right now. The markets are currently difficult to trade. After the summer holidays are over in September, the trends will be clearer and longer and easier to trade. You are doing the right thing by doing as much study as you can and keeping to demo until the direction on the pairs is clearer.

As Nasir said, the markets are not that friendly right now not only to the 4 hr macd strategy but in general. Phil would say that they were grumpy. If you have time, this would be a good time to do some backtesting too.
  • #20,466
  • Edited 9:29pm Jul 23, 2009 9:15pm | Edited 9:29pm
Quoting yuan83
i just took short on EU solely based on div of macd, new high but yet macd showing lower high. nice move back to the 21MA but unfortunately my internet got problem and made close trade early :X
Hi Yuan I shorted EU too.
  • #20,467
  • Jul 23, 2009 9:30pm Jul 23, 2009 9:30pm
another trade solely based on div. sorry to say, it is a trade based on the hunch that the height on MACD is too far to make a higher high on MACD hence I short.

exited prematurely again based on a fixed stop. Could have made better exit based on e MA
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  • #20,468
  • Jul 23, 2009 9:32pm Jul 23, 2009 9:32pm
Quoting xeneric
Hi Yuan I shorted EU too.
haha hi 5, glad u see u posting regularly now. hmm so u short based on div too?
  • #20,469
  • Jul 23, 2009 9:37pm Jul 23, 2009 9:37pm
Quoting yuan83
haha hi 5, glad u see u posting regularly now. hmm so u short based on div too?
Divergence and price action.
  • #20,470
  • Jul 23, 2009 11:32pm Jul 23, 2009 11:32pm
Quoting 2pips
yesterday was a good trade
i closed gbpjpy +173.83 pips this morning and
gbpusd +133.10 pips
my last trade eurgbp is currently runing with +88pips
in summary, patience is the heart of the MACD strategy
Good trade. I hope that I will learn more patience from you.
  • #20,471
  • Jul 24, 2009 5:53am Jul 24, 2009 5:53am
Morning all,

As outlined yesterday things are starting to pick up in recent days, looks like the volume has finally come back into play. I have just gone short on the GBP for the following reasons:

1) String 4H close of bearish engulfing formation which closed below previous strong support.
2) Shooting star on the new highs shows lack of upward momentum & conviction to higher prices.
3) Price has failed to close above the .16565 zone on a number of attempts therefore indicating lower prices
4) Lower high on the 1H chart which also shows lack of momentum to the upside.
5) 1D candle formation shows small reversal pattern which will see price retest the top of the box range.

Entry @ 1.6464
TP: 1.6370 zone
Sl: 1.6602

I will post a video reviewing this trade when its over.

Please support my youtube channel by rating / commenting on the the video's:

www.youtube.com/sionsmith

Cheers WG
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  • #20,472
  • Jul 24, 2009 6:25am Jul 24, 2009 6:25am
Quoting welshguy2000
Morning all,

As outlined yesterday things are starting to pick up in recent days, looks like the volume has finally come back into play. I have just gone short on the GBP for the following reasons:

1) String 4H close of bearish engulfing formation which closed below previous strong support.
2) Shooting star on the new highs shows lack of upward momentum & conviction to higher prices.
3) Price has failed to close above the .16565 zone on a number of attempts therefore indicating lower prices
4) Lower high on the 1H chart which also shows...
Nice trade WG hope it ends Green.

On my MT4 4H is not closed yet and price is holding upon 21EMA+Inside bars and 50%-61.8$ levels are also nearby but if this 4H and 1H close below 1.6450 there would be a sell signal on both time frames.
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  • #20,473
  • Jul 24, 2009 7:22am Jul 24, 2009 7:22am
Quoting nasir.khan
Nice trade WG hope it ends Green.

On my MT4 4H is not closed yet and price is holding upon 21EMA+Inside bars and 50%-61.8$ levels are also nearby but if this 4H and 1H close below 1.6450 there would be a sell signal on both time frames.
So price has closed below 1.6450 at 1.6436 and i am short also now. WG got into trade earlier but my 4h candle closed 1 hour late that's same old GMT thing but some it works for me also.
  • #20,474
  • Jul 24, 2009 7:31am Jul 24, 2009 7:31am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting nasir.khan
So price has closed below 1.6450 at 1.6436 and i am short also now. WG got into trade earlier but my 4h candle closed 1 hour late that's same old GMT thing but some it works for me also.
Hi Everyone !

I have been following this method for about a year now, but I took a break from forex for about a couple of months (due to exams). Although, I am (or maybe was) quite well versed with the rules but im a little confused. :s

I dont seem to find out the signal Nasir and WG have just taken in GBPUSD. Is it break of support or closure of the pair below 21EMA, etc.?

Thanks in advance.
  • #20,475
  • Jul 24, 2009 7:49am Jul 24, 2009 7:49am
Quoting nerd
Hi Everyone !

I have been following this method for about a year now, but I took a break from forex for about a couple of months (due to exams). Although, I am (or maybe was) quite well versed with the rules but im a little confused. :s

I dont seem to find out the signal Nasir and WG have just taken in GBPUSD. Is it break of support or closure of the pair below 21EMA, etc.?

Thanks in advance.
Hello "nerd" ( i am not sure if you are happy with your name)

first of all welcome back and staying away from forex and FF is a pretty big ask (for me for sure) but studies are important also.

And signal we took is CT (i am not sure if it's a lower high) trade by the standards of 4H
and TC for 1H TF.

Hope it helped.
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  • #20,476
  • Jul 24, 2009 8:08am Jul 24, 2009 8:08am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Hmm, I got it.

I remember when I was here few months back, alot of people stopped using signals other than TC on 4HR and Hourly, when they complimented each other. I myself didn't traded any other pattern since the start of 2009. But I have been observing the trades in the thread for the past few days and it seems the patterns are working quite well. I think I should re-study the patterns using a simulator atleast for atleast the past 6 months.

PS: Happy Nerd says HI to Nasir here !
  • #20,477
  • Edited 11:13am Jul 24, 2009 8:42am | Edited 11:13am
Quoting nerd
Hmm, I got it.

I remember when I was here few months back, alot of people stopped using signals other than TC on 4HR and Hourly, when they complimented each other. I myself didn't traded any other pattern since the start of 2009. But I have been observing the trades in the thread for the past few days and it seems the patterns are working quite well. I think I should re-study the patterns using a simulator atleast for atleast the past 6 months.

[i]PS: Happy Nerd says HI to Nasir here...
Actually June and July were in ranging mode so the CT trades paid good pips in this period but for taking those you must do your home work (Trend lines,Fibbs, S/R areas) properly and you would do fine.

I think you have caught flu or i guess the nerd's nose stay's like this.lol
  • #20,478
  • Jul 24, 2009 10:54am Jul 24, 2009 10:54am
Quoting yuyudada
Hello, guys

I remember that Philliph has said trend direction is determined by 89sma, I’m confused what if 89sma is downward while PA makes higher high? Just like USD/JPY doing now?
Thank you.
i don't follow UJ but what my opinion is that it's in a rang since march if you look in 4H it's trending up since 13 July but to

continue this up trend the pair will have to break

89 SMA + 200 SMA+ 2 Trend Lines + 50% and 61.8% retracement levels in the daily and again 200 SMA and 365 EMA in the 4H time frame and if it breaks those levels some how it would still be in this ranging box started since march.

SO long trades on macd will give you some tight R:R.

To fall down it would just need to get rid of that green box around 93.50 (which has been done once before) and retracement of 61.8% at 92.63 and then it would be a free fall until 88.50 which area is tested twice before.

IF you take look at the BIG picture actually this little bull run starting 13 July is actually a retracment back to the bearish rally starting from 15 Jun ( as you can see it's testing 50% ret level.)

So i would prefer short trade's given by MACD at the moment.
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  • #20,479
  • Jul 25, 2009 4:52am Jul 25, 2009 4:52am
Thank you,nasir
Why this thread has been moved???
  • #20,480
  • Jul 25, 2009 7:34am Jul 25, 2009 7:34am
Hi.

I listened to some MP3's and Phillip talked about some special candles that can help you with choosing - to get in or stay out of trade.

*I'm familiar with Doji candles, Marubozu, spinning tops. Is there anything else?
*I also would like to know if there are patterns I'm not familiar of. I know Hanging man, Hammer, Inverted hammer, Shooting star.

I've heard about evening star but I have no idea what it is.

So if anyone of you have time to help me please post if you know something I don't know about.

Regards, Trader100
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