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4 Hour Strategy (MACD)

  • #20,541
  • Jul 30, 2009 11:33am Jul 30, 2009 11:33am
Quoting gujjubond
I request your view on this trade..

USDCAD .. Crossing Zero so it's TC downward.

E-1.0819
SL- 1.0879
1st TP-1.0760
2nd TP- according to movement ..

AUDUSD - Crossing Zero and TC Upward

E-0.8262
1st - 0.8323
SL-0.8195

2nd TP- According to movement

everything will be set to BE at +30.

Please let me know your view on it. is this valid trade ?

shabbir

Sorry shabbir i can't spot the trade in your charts and there is no signal in MACD.
Attached Image
  • #20,542
  • Jul 30, 2009 12:26pm Jul 30, 2009 12:26pm
Hi I wanted to know if you guys know how to get into the skype chat rooms.
  • #20,543
  • Jul 30, 2009 12:28pm Jul 30, 2009 12:28pm
Attached File(s)
File Type: mq4 FFCal.mq4   46 KB | 312 downloads
Quoting nasir.khan
Sorry shabbir i can't spot the trade in your charts and there is no signal in MACD.
Thanks Jinsen and Nasir for your comments.. i will check again the Heart of this system pdf and mp3

i have attached ff calender here .. it's good indicator for live view of coming news ..

shabbir

edited:

download this attachement NewFFCal.mq4
Attached File(s)
File Type: mq4 NewFFCal.mq4   47 KB | 421 downloads
  • #20,544
  • Jul 30, 2009 2:29pm Jul 30, 2009 2:29pm
Hi all,
I'd like to have some comment on my last (loosing) trade: I took the short deal because of 8 ema retrace after a big (in my opinion) gap, some rythm in PA, MACD TC signal (the macd bar below the yellow arrow was red after the close of the bar, but become green later). I was SL at the next 8 ema retrace. Is there any reason I didnt considered for not take this trade ? (eurusd 4H graph attached)

Many thx,
Andy
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-2.jpg Size: 181 KB
  • #20,545
  • Jul 30, 2009 3:37pm Jul 30, 2009 3:37pm
Thanks for suggestions on my USDCAD and AUDUSD trade. i was lucky to close all positions at opening of 20:00 bar due to no movement on last 4hr (16:00) bar.

i would have burnt out so bad on my account.

shabbir
  • #20,546
  • Jul 30, 2009 4:06pm Jul 30, 2009 4:06pm
Quoting andy1969
Hi all,
I'd like to have some comment on my last (loosing) trade: I took the short deal because of 8 ema retrace after a big (in my opinion) gap, some rythm in PA, MACD TC signal (the macd bar below the yellow arrow was red after the close of the bar, but become green later). I was SL at the next 8 ema retrace. Is there any reason I didnt considered for not take this trade ? (eurusd 4H graph attached)

Many thx,
Andy
I wouldn't have taken this trade.

reasons

1. all emas are nearby 89, 200, 21, 8
2. Strong TL. four candles failed to closed below 200 and TL ..
3. MACD Divergence.
4. 1hr chart, That TL was very good support. Many candles failed to close below.

some might have different view on it.

shabbir
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu july30 4hr.gif Size: 46 KB
Click to Enlarge Name: eu july30 1hr.gif Size: 43 KB
  • #20,547
  • Jul 30, 2009 4:27pm Jul 30, 2009 4:27pm
Quoting gujjubond
I wouldn't have taken this trade.

reasons

1. all emas are nearby 89, 200, 21, 8
2. Strong TL. four candles failed to closed below 200 and TL ..
3. MACD Divergence.
4. 1hr chart, That TL was very good support. Many candles failed to close below.

some might have different view on it.

shabbir
Thank you so much: I'll save this as an example of "sometime you see on the chart only what you want to see".

1. It's there and it is so clear...
2. I can't figure that TL, but the 4 candles not closing below 200 is there and clear
3/4 Maybe 1 & 2 are enough to wait the next one...
  • #20,548
  • Jul 30, 2009 5:10pm Jul 30, 2009 5:10pm
Quoting andy1969
Thank you so much: I'll save this as an example of "sometime you see on the chart only what you want to see".

1. It's there and it is so clear...
2. I can't figure that TL, but the 4 candles not closing below 200 is there and clear
3/4 Maybe 1 & 2 are enough to wait the next one...
see attached graph.. 4hr TL .. i don't know how Reliable is this, but i has worked as Support this time.
Attached Image (click to enlarge)
Click to Enlarge Name: eu july30 4hr trendline.gif Size: 58 KB
  • #20,549
  • Jul 30, 2009 5:29pm Jul 30, 2009 5:29pm
yesterday ,i sit before the computer, i see the trade you have did.

i had hesitated for a while,i did not do it ....no reasons.....

but i think the market in the JULY,normally did not have big movement..

so i go to sleep....

i can not say why i did not do the trade.....

edit:maybe the trade is not the perfect thing,so there must have some wrong trades....
  • #20,550
  • Jul 30, 2009 5:48pm Jul 30, 2009 5:48pm
actually if you all have seen philip's weekly expectation for this week, u can see the nice bounce off from the support line he drew on the pdf for both EU and AU. however this is only on retrospect of cos.
  • #20,551
  • Jul 31, 2009 1:26am Jul 31, 2009 1:26am
Quoting andy1969
Hi all,
I'd like to have some comment on my last (loosing) trade: I took the short deal because of 8 ema retrace after a big (in my opinion) gap, some rythm in PA, MACD TC signal (the macd bar below the yellow arrow was red after the close of the bar, but become green later). I was SL at the next 8 ema retrace. Is there any reason I didnt considered for not take this trade ? (eurusd 4H graph attached)

Many thx,
Andy
I wont say much :

If you knew that 61.8% retraracement level was there on 1.4010 and
also

round number 1.4000

just under you nose (Entry)


would you take the trade.


and there is no trade on macd. I know that sometimes you feel that you could grab some extra pips by entering before the close of the bar (i have done that also) sometimes you get some pips but some time price reverse and you just gave back those "Extra" pips(with some extra FINE of course) so try to be patient and follow the rules.
  • #20,552
  • Jul 31, 2009 8:55am Jul 31, 2009 8:55am
Attached Image (click to enlarge)
Click to Enlarge Name: 20090709over.gif Size: 21 KB
  • #20,553
  • Jul 31, 2009 9:28am Jul 31, 2009 9:28am
Sorry, I can't see any MACD signal...
  • #20,554
  • Jul 31, 2009 9:30am Jul 31, 2009 9:30am
I agree...where do you see the macd signal?
  • #20,555
  • Jul 31, 2009 10:10am Jul 31, 2009 10:10am
i think it is a TC signal ,off 21EMA.....

so i think i should sell eurusd.....

i don't see the MACD signal,i think the PA is more important...
  • #20,556
  • Jul 31, 2009 10:25am Jul 31, 2009 10:25am
ssq,

I saw this signal for short too but I didn't take it because in 12.00(GMT+2) there were news for EUR.It was issued 3 kind of news,2 of them do not support the Euro,but most important news for Eur(Unemployment Rate) supported Eur.
Exactly in 12 o'clock they issued and in 12.18 I reject to enter because that kind of news. I think that was the most important to not take that trade.On my mt4 station I had TC signal,but I didn't take it because that one Unemployment Rate support Eur News Issue.
To be honest I can not see this signal that I have on my graph so you have to look for MACD signal and to have big attention before issued such kind of news.That is my opinion.
I wish you to have many many successful pips.
  • #20,557
  • Jul 31, 2009 10:33am Jul 31, 2009 10:33am
Quoting fena74
ssq,

I saw this signal for short too but I didn't take it because in 12.00(GMT+2) there were news for EUR.It was issued 3 kind of news,2 of them do not support the Euro,but most important news for Eur(Unemployment Rate) supported Eur.
Exactly in 12 o'clock they issued and in 12.18 I reject to enter because that kind of news. I think that was the most important to not take that trade.On my mt4 station I had TC signal,but I didn't take it because that one Unemployment Rate support Eur...
thanks a lot...
  • #20,558
  • Jul 31, 2009 2:47pm Jul 31, 2009 2:47pm
I have a simple question. Nowadays I have backtested Eur/Usd from 10.2008 and 11.2008 where average size candles are more than 100 pips long.I found difficulties to find more than 2 trades for each of these months because of the fact that it was very difficult to me to set reasonable stop loss. I do not want to set stop loss longer than 50-65 pips so I tried to use fibonachi on the previous candle and to try to enter on 40% retrace of the previous candle but still have difficulties. I try to do only TC signals and the question I wish to ask is: I know for CT R:R has to be 1:1 but for TC will we have to have some kind of ratio and if it has-what has to be.I mean if I want to put TP about 30-40 pips can I set stop loss about 60 pips or R:R 1:2?Is it normal way for TC signals that or not,my point of view is these hard months I have backtested.?
Thank you in advance .
  • #20,559
  • Jul 31, 2009 5:42pm Jul 31, 2009 5:42pm
Quoting fena74
I have a simple question. Nowadays I have backtested Eur/Usd from 10.2008 and 11.2008 where average size candles are more than 100 pips long.I found difficulties to find more than 2 trades for each of these months because of the fact that it was very difficult to me to set reasonable stop loss. I do not want to set stop loss longer than 50-65 pips so I tried to use fibonachi on the previous candle and to try to enter on 40% retrace of the previous candle but still have difficulties. I try to do only TC signals and the question I wish to ask is:...
I have been back-testing some free and profitable EA's for 10-year period, 1 year at a time.

It has always been that after the fund doubled or trippled and the market take the profit back in several major loss after that.

Most successful EA I tested using volatility (rather than moving average) to determine the entry/exit point and usually place the stop loss at a long distance. If I put stop loss around just 40/50 pips away I will face consecutive loss.

My conclusion is that for new players, the only possible way to reduce loss is to reduce the lot size and only go for trade with reasonable profit target, so he can maintain 1:1 or 1:2 R/R ratio and still keeps the stop loss at a long distance.

I can not imagine one can make money using 20/30 pips of stop loss, unless he is 90% accurate on entry timing for each trade.

Just my 2 cents


David
  • #20,560
  • Jul 31, 2009 7:39pm Jul 31, 2009 7:39pm
Quoting fena74
I have a simple question. Nowadays I have backtested Eur/Usd from 10.2008 and 11.2008 where average size candles are more than 100 pips long.I found difficulties to find more than 2 trades for each of these months because of the fact that it was very difficult to me to set reasonable stop loss. I do not want to set stop loss longer than 50-65 pips so I tried to use fibonachi on the previous candle and to try to enter on 40% retrace of the previous candle but still have difficulties. I try to do only TC signals and the question I wish to ask is:...
i think you can get into the market by see the h1 chart,the stoploss would be smaller than the H4 candle,especially on the fast trend market ,hope this helps.
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