4 Hour Strategy (MACD)

Everything is possible but i favor a short EUR/USD...1.43 seems too strong. Just look at all the shadows trying to reach and pass it. It was rejected 5 times in 10 days

Hope this helps.

Any suggestions and comment are welcome Thanks.


P.S that's my first pdf doc so please forgive any mistakes.

what are profit targets one should use for this TC EU and GU. All MA's are below the price. Any help in this

You can watch for round numbers, fibonacci, pivots, previous resistance, rsi, stoch... You cant use everything obviously. Phillip would say backtest it and see what fits you...and he is right.

That's a free ride dear just set your SL at BE and enjoy LOL.

and if wan't to take profit *.*100 level's are always there and also check out retracement and trend lines in weekly/monthly chart's.

That's what i was talking about and it happened some hours ago again!

There were TC's on 4H on both GU and EU with stop losses of around 85-95 pips which is not so bad but we can enter earlier so we could avoid large stops and catch some early pips.

But practice the entirely 4h TF for some months and get comfortable with it and then practice the early 1h entries.

Dear nasir,
When you enter using 1h as in the above example, you do not know by that time that the 4h candle is going to be very long. You only assume that it is going to be long canddle. This means that your all your entries will be based on 1h because you will always assume that the 4h candle will be long. Am I right thinking this way

Thank you nasir.khan

for this wonderful pdf you have prepared for me and all the members of this forum. I have read this thread from 3 years and I have always find new things and ideas due to you people so I really appreciate your help and help of all the others.Most of the times I am using Phillip 3 way enters after retracing from some levels using Fibonnachi but the last 3 months thatwas not so good opportunity.

Sometimes it is easier to ask directly some kind of question and you know that you will receive the answers. I know and I thank you to all of you ,especially new comers that ask so basic questions just like me-the answers are always great help for us. The long candles after TC patherns have always confuse me and stop losses is great opportunity to make my decision will I have or not have to take the deal. I have and I am back testing a lot of time for this years and that is biggest problem to me. I think if we can manage that and after we know the feeling of FULL understanding of the breath of the market and market rhythm as Pillip said we will succeed. Thank you for that wonderful pdf.

Most of you guys have take today TC on Eur/Usd and GPP/Usd. Well it was great and most of people were sure for that TC after friday finish month and long candles. Yes it was fun but not too right with the system.It was TC signal off course but and too many news has helped to not go in the deep waters. I think that it was not the right taking of TC signals for the system/my personal thought/ and it was not exactly pull back from 21ema. I know the trend was strong and 8 ema was enough but we are menaging our money and only the news has helped to be that trades successful. Of course that is my personal opinion I just want to share with you. Some times patience is great teacher for all of us because tomorrow may be the news will not help it so much.
Whatever I think that this treat is still great and with all of your help,helping each other we coud succeed.

For the moment for people who trade CT it is great opportunity on both pairs-eur/usd and gbp/usd.The big gap has to be fill.The big problem is missing of MA or fresh resistance lines to put the right SL. I do not trade CT because I am satisfied with TC signals out of 21 ema even after these 3 hard months where we do not have so many opportunities. I wish you many many successiful pips and who is dare to take CT to have great success.
Thank you to all of you.

Good afternoon everyone.......

I see great posts day in and day out........Please do not be ashamed of questions you have because each and every one of us has had the same questions and being the thread has had so many pages, it would be actually a nice gestures for newcomers for be pointed to the right pages or reminded of the answer again.........I to this day learn everyday from newcomers as they might bring up a suggestions where I might have overlooked.

Nasir.Khan,
It is truely much appreciated the pdf you created, it is a very simple and very easy to understand explanation for 1H entries for those that might be wondering about some of of the traders entering with 1H time frame. AS Nasir has stated and many of other traders as well as myself numerous times. The 1H entry will help you get in early on those long 4H candle just like the one we just had and Nasir make great illustrations to show us this tool to use. Now from my experience, this is a great way to enter early before a TC on the 4H timeframe but it is not always 100% and that is where you need to have studied the rhythm of the market and with experience you will know the speed of the market and will filter those 1H trades as well to give you high probability trades.

I myself took the TC on both EUR and GBP as well with 1H entries, I just haven't had time to post it here for you guys. i also entered long on the USD/JPY as price was testing a trendline and I went long after a round bottom on 4H. So I had a nice profitable day and I see most of you guys did as well.........Great trading.

One more thing before I log out............I have been to so many forums and studied so many strategies and books and I must tell all new comers and all people reading this forum that I have not come across a group of people who are truly here to from each other and share their ideas without trying to sell each others crappy products............Let us keep this forum pure and help each other become better traders and take those few pips from the market because at the end of the day, that is all you need just a few pips and if you know how to take a few pips from the market on a consistent basis, with money management and disciple, you will truely be part of the 5% of successful traders out there.

So be patient, wait for those high probability setups and believe in this system and your own system and don't jump ship because it is not the system that will make you pips but your discipline, planning and money management.

Regards,
Dean

Evening All,

Just a quick one - I took the TC signal this morning which netted about +150 pips




Please ask questions as it helps others learn.

Cheers WG

Hey everyone!

A lot has been going, a lot. I was pretty much gone all of May and June on travel, work, helping out Phillip with starting/editing/managing his private forum, trading covered calls, work, trading, work, and coming up for air every once in a while, things have calmed down just a little. Now that there is a commercial forum here and we can mention our friend Phillip again I plan on dropping by more often here, most likely in the early evening. I'm not surprised at that the strength of this thread continuing like it has and all of the people that kept it going. My only excuse is that lack of free time I had to contribute here and I regret leaving for the time that I did. Since my time for trading forex has become a little thinner, I may consider only trading binary forex options but using the 4 hour method and Phillip's shorter timeframe strategies to consider that. My real job has become more time consuming in the moring and since that check is guarenteed, that is where my effort is right now. This is where binary forex options may still give me the abiliity to trade forex, like anything else I do, I have to take my time to do the correct research in this. In the meantime, I have some updating to do on the website over the weekend and catch up with things here as well.

As far as Phillip's commercial venture goes, he has several shorter timeframe methods that compliment the 4 hour method. The private forum is for those people that have purchased his combo box strategies where he posts review files/trades along with members being able to post q's and a's about those methods. Kind of like the FF here but specific to those methods. His driving force behind this is to help fund his daughter's education, the cost is very low for the strategies, very affordable. You can click on the banner on the fxtradeblog website for info, click on the image below to ge there.

Again, I'll be back here soon and I look forward to 'talking' to everyone.

JimDandy...checking that email again, sorry I missed you here in PCB.

-Palmer
http://www.fxtradeblog.com

i cann't see your picture......

why????

yesterday ,i do nothing,no pips.....

Nasir,
Your PDF is really popular

Thanks for the video, WG. Much appreciated.

A TC signal is coming up in 5 minutes in 1h time frame for eurusd. Should I take it and go long or wait to see the the price breaks the 1.4430 resistance. Please help

There is still a little gap between 8 EMA and price in 4H but if price shoots up it will drag the 8 EMA to it's low.

So i am not sure about this one at the moment.

nrousan,
There are news with low impact in 12.00 /GMT+2/after 100 min. for Eur.Before that in 11.30 there are news for GBP with middle impact.Look always first on 4hrs time frame-the anticipation, then only for early entry on 1hr TF.No signs for the moment for TC I think.May be after the news we will have TC signal on 4hr then you could see on 1hr for early TC entry signal.Things looks good just for preparing not to enter now. See and small resistance line we have at the moment there for last 5 candles and have this in mind too.

time1300 nice one there !!!

Xeneric,time1300 and fena74.

Thank you for comments.

We are not sure about the next pip in this market so most of the deals in retail forex are based on probabilities, assumptions and anticipation.



now here actually you helped me answering your question.

If you look at 4H there is a gap to be filled between price and 8-21 EMA's so unless you are trading entirely the 1H time frame you don't even have to look at 1H for macd signals and we are not sure about it, will it retrace back to these EMA's or just shoot's up and drag's the EMA's near it's low's so if we are not sure we don't have to trade.

But what i am saying in the PDF is that:

If price comes down to test 8-21 EMA and shape's nicely for a TC and start's turning green more often then red but you need to have some screen hours to see this price action and at the moment it's london session goin on and newyork is coming up next. So in these 6-7 hours market normaly trends and retraces back after london or newyork close. This is my anticipation.

NOW WE NEED A SIGNAL AND NOW YOU CAN GO DOWN TO 1H FOR THAT. HOPE IT'S CLEAR NOW.