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4 Hour Strategy (MACD)

  • #20,501
  • Jul 28, 2009 9:47am Jul 28, 2009 9:47am
Quoting ssq
this morning,i found the eurusd price go into the zone,so i buy 2slot,after get 22pips ,i closed half of them ,set the other half to BE.

Attachment
The last half get 45pips....totally i get 33.5pips.....

Attachment

you were "lucky" u went in early. EU later hit the resistance + divergence on macd. move down totally !
  • #20,502
  • Jul 28, 2009 9:10pm Jul 28, 2009 9:10pm
Quoting IntTrader
I all, I am a new trader, I just learned Phil's strategy. I look forward to learning from all of you. I had one concern though, how can I get the weekly anticipation and how can I get into the skype chat room?

Thanks,
IntTrader
Hi IntTrader, Welcome.

Unfortunately the skype chat room has folded for the time being. However you can get the weekly anticipation from Phillip's website free by adding your email address to the mailing list. Keep in mind that Phillip is giving us his weekly anticipation on the daily charts but we are all trading off the 4 hr charts here.
  • #20,503
  • Jul 28, 2009 9:15pm Jul 28, 2009 9:15pm
Quoting ssq
this morning,i found the eurusd price go into the zone,so i buy 2slot,after get 22pips ,i closed half of them ,set the other half to BE.

Attachment
The last half get 45pips....totally i get 33.5pips.....

Attachment
Good trades SSQ EU has hardly moved during the Asian session recently. You caught it when it did.
  • #20,504
  • Jul 28, 2009 9:28pm Jul 28, 2009 9:28pm
Quoting yuan83
you were "lucky" u went in early. EU later hit the resistance + divergence on macd. move down totally !
I agree on that. I still wont trade at the moment.

There is too much tails up and down showing. Now can only wait and see
how it react to the 1.4300 or the the lower trendline.
  • #20,505
  • Jul 29, 2009 12:50am Jul 29, 2009 12:50am
Quoting jinsen
I agree on that. I still wont trade at the moment.

There is too much tails up and down showing. Now can only wait and see
how it react to the 1.4300 or the the lower trendline.
totally no idea about the direction. up and down. I did trade on euro yen LONG based on divergence after the large down based on div. Aimed for 8ema (+120 pips) which eventually did hit but I was panicking and sold early (cos was slping and it miss by 10 pips and drop down).
Pairs like AUDUSD is having too much down side selling. Now still on the 08235 region. If that can hold and move up, it will be a gd bullish divergence coming up
  • #20,506
  • Jul 29, 2009 1:19am Jul 29, 2009 1:19am
Quoting yuan83
totally no idea about the direction. up and down. I did trade on euro yen LONG based on divergence after the large down based on div. Aimed for 8ema (+120 pips) which eventually did hit but I was panicking and sold early (cos was slping and it miss by 10 pips and drop down).
Pairs like AUDUSD is having too much down side selling. Now still on the 08235 region. If that can hold and move up, it will be a gd bullish divergence coming up
How exciting! LOL I haven't seen the market so active during the Asian session for a long time.
  • #20,507
  • Jul 29, 2009 1:40am Jul 29, 2009 1:40am
sell eurusd 0.2slot at the open of the new candle.
Attached Image (click to enlarge)
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the first half get 22 pips,the other half set trailing stop 15pips

Attached Image (click to enlarge)
Click to Enlarge Name: 20090729half-trail15pips.gif Size: 16 KB

the last slot get 40pips,so totally i get 31pips....

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Click to Enlarge Name: 20090729over.gif Size: 15 KB
  • #20,508
  • Jul 29, 2009 1:40am Jul 29, 2009 1:40am
Took the macd TC on the 4 hr on EU. There was also a TC on the 1 hr. It was a very easy trade since it just kept falling.
Please give us more trades like this

Stop loss 1.4228
Entry 1.4185
Closed at 1.4126 for 59 pips because there is support around that level.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4hr.gif Size: 25 KB
  • #20,509
  • Jul 29, 2009 1:46am Jul 29, 2009 1:46am
I just noticed that u took the same trade too, SSQ. We posted at the same time.
  • #20,510
  • Jul 29, 2009 2:17am Jul 29, 2009 2:17am
yes it is the same time....lol
  • #20,511
  • Jul 29, 2009 8:20am Jul 29, 2009 8:20am
Hi,

I have been backtesting this system and some future testing. I am looking to add another system to my trading plan and this system fits into my trading personality.

I would like to check with the seasoned traders that use this system or even Phillip Nel if reading the post listed on the first page is enough or reading the entire thread is needed?

Thanks for your help in advance,

Andrew
  • #20,512
  • Jul 29, 2009 8:45am Jul 29, 2009 8:45am
Quoting andrewnair
Hi,

I have been backtesting this system and some future testing. I am looking to add another system to my trading plan and this system fits into my trading personality.

I would like to check with the seasoned traders that use this system or even Phillip Nel if reading the post listed on the first page is enough or reading the entire thread is needed?

Thanks for your help in advance,

Andrew
Reading the posts, PDF, Word doc and listening to the mp3's on first post are enough to trade with this strategy successfully BUT if read through the entire thread or until Philip keep posting you could see real-time trades taken by Philip himself and many questions that are coming into your mind are answered already and there are also so many lesson's are hidden (not in first post) in this thread.
  • #20,513
  • Jul 29, 2009 9:01am Jul 29, 2009 9:01am
I have read first 200 pages and i suggest you also read at least 200 if you have time go through the whole thread. There is alot of information of other traders not just phillip that are very very valuable and you can pick them up while reading. You will also find many answers to questions that you havent even though about.
  • #20,514
  • Jul 29, 2009 9:06am Jul 29, 2009 9:06am
Hey Nasir,

Thanks for the information. Would like to check with you, Phillip does not post anymore? If he does not, what date or post did he stop at, so i can have a target goal to read too?

Thanks for your time and effort,

Andrew

Quoting nasir.khan
Reading the posts, PDF, Word doc and listening to the mp3's on first post are enough to trade with this strategy successfully BUT if read through the entire thread or until Philip keep posting you could see real-time trades taken by Philip himself and many questions that are coming into your mind are answered already and there are also so many lesson's are hidden (not in first post) in this thread.
  • #20,515
  • Jul 29, 2009 10:30am Jul 29, 2009 10:30am
Quoting fxlan
I have read first 200 pages and i suggest you also read at least 200 if you have time go through the whole thread. There is alot of information of other traders not just phillip that are very very valuable and you can pick them up while reading. You will also find many answers to questions that you havent even though about.
Yes certainly there are some very valuable traders other then Philip their posts are also very insightful.
  • #20,516
  • Jul 29, 2009 10:36am Jul 29, 2009 10:36am
Quoting andrewnair
Hey Nasir,

Thanks for the information. Would like to check with you, Phillip does not post anymore? If he does not, what date or post did he stop at, so i can have a target goal to read too?

Thanks for your time and effort,

Andrew
He stopped posting in this thread on Jan 4, 2009.

read this also.
  • #20,517
  • Jul 29, 2009 11:11am Jul 29, 2009 11:11am
icic thanks for the info.


Quoting nasir.khan
He stopped posting in this thread on Jan 4, 2009.

read this also.
  • #20,518
  • Edited 2:09pm Jul 29, 2009 1:38pm | Edited 2:09pm
guys need your suggestion..

i am planing for RB trade EU 1hr. candle closing in 30 min. What you think.. Target will be 21 ema on 1hr.

another will be on UChf .. RT.. 4hr closed below current TL. and 1 HR nicely retracing down after huge move up.
Target will be first 8ema then 21ema

please if yo guys can me yur opinion.

shabbir

I am in ..
USDCHF

E- 1.0889
SL - 1.0940
1st TP - 1.0867
2nd TP- 1.0825

once 1st TP Hits then 2nd will be breakeven..

good luck to me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu july 29.gif Size: 40 KB
Click to Enlarge Name: uchf july 29.gif Size: 39 KB
  • #20,519
  • Jul 29, 2009 1:58pm Jul 29, 2009 1:58pm
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting gujjubond
guys need your suggestion..

i am planing for RB trade EU 1hr. candle closing in 30 min. What you think.. Target will be 21 ema on 1hr.

another will be on UChf .. RT.. 4hr closed below current TL. and 1 HR nicely retracing down after huge move up.
Target will be first 8ema then 21ema

please if yo guys can me yur opinion.

shabbir
In the original system, RT and RB on the hourly charts were not considered reliable. The only signal on the hourly chart, as far as i remember, is the TC pattern which also should be taken in the trend/rhythm direction given by the 4 hour to take an early entry.
  • #20,520
  • Jul 29, 2009 2:37pm Jul 29, 2009 2:37pm
Quoting nerd
In the original system, RT and RB on the hourly charts were not considered reliable. The only signal on the hourly chart, as far as i remember, is the TC pattern which also should be taken in the trend/rhythm direction given by the 4 hour to take an early entry.
Thank you nerd for Reminding me.. I have moved my SL to BE.. rightnow 9+ so far. i don't have to worry if it goes against me.

shabbir
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