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4 Hour Strategy (MACD)

  • #20,741
  • Aug 18, 2009 12:58am Aug 18, 2009 12:58am
This is EURJPY same like GBPJPY but it also failed to close below 50.0% RET.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 4h.gif Size: 27 KB
Click to Enlarge Name: eurjpy.gif Size: 25 KB
  • #20,742
  • Aug 18, 2009 1:15am Aug 18, 2009 1:15am
This is EURUSD u see there is a Trend Line in daily and 365 EMA in 4H but none of them was touched but there was also 61.8% and same candlestick pattern.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd1h.gif Size: 23 KB
Click to Enlarge Name: eurusd4h.gif Size: 28 KB
  • #20,743
  • Aug 18, 2009 1:30am Aug 18, 2009 1:30am
BTW don't pay attention my TP's or SL's cause i am manually Trailing them.
  • #20,744
  • Edited 2:10am Aug 18, 2009 2:09am | Edited 2:10am
Hi,

Thanks for the advise, really appreciate it.

Looking at the USDCHF IF the macd shows a tc would you take the long on the next bar in about 50 mins?

the sl will be just below the 89 ma and the first take profit will just below the trend line?

Thanks man,

Andrew

Quoting nasir.khan
You got pretty good advise from Fena and Palmer. Now 1st of all 50 pips are enough for AudUsd but it wont be for GbpJpy so check the pip ranges using ATR(14).

Now if you are good at TC's you don't need to trade CT's cause when you are in a trend and you are going for a CT your first TP would be 8-EMA which don't stay much away from price.

If we look at Nerd's chart Stop would be around 70 pips and Target would be around 20 pips. I think nobody...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 22 KB
  • #20,745
  • Aug 18, 2009 2:13am Aug 18, 2009 2:13am
Hi,

I am finding it hard to back test using the MT4 i m using (MIG FXDD). I find that there are missing mths of data, like it will show oct'08 data, and then jump to Dec'08 missing nov08 price data.

What other brokers do you guys recommend??

Thanks,

Andrew
  • #20,746
  • Aug 18, 2009 2:53am Aug 18, 2009 2:53am
I have a question for you pals. I see that EU is retracing to the 21ema and it is getting closer to it and I think it will go down very soon. The question, should I be looking to 1h time frame now for a TC and early entry?

nrousan
  • #20,747
  • Aug 18, 2009 3:03am Aug 18, 2009 3:03am
Hi,

No trade on the USDCHF, the MACD did not turn.

About the 1 hr system, can we trade it by itself, without the 4hr cht?

Thanks,

Andrew
  • #20,748
  • Aug 18, 2009 3:06am Aug 18, 2009 3:06am
Quoting andrewnair
Hi,

I am finding it hard to back test using the MT4 i m using (MIG FXDD). I find that there are missing mths of data, like it will show oct'08 data, and then jump to Dec'08 missing nov08 price data.

What other brokers do you guys recommend??

Thanks,

Andrew
I have a detail data of FX, I will send them all to u, if any one need them, take them as well.
Attached File(s)
File Type: zip aud.zip   216 KB | 506 downloads


Attached File(s)
File Type: zip cad.zip   213 KB | 481 downloads


Attached File(s)
File Type: zip chf.zip   217 KB | 508 downloads


Attached File(s)
File Type: zip eg.zip   199 KB | 435 downloads


Attached File(s)
File Type: zip ej.zip   226 KB | 484 downloads


Attached File(s)
File Type: zip eur.zip   222 KB | 551 downloads


Attached File(s)
File Type: zip gbp.zip   232 KB | 521 downloads
Plan your trades and trade your plans
  • #20,749
  • Aug 18, 2009 3:09am Aug 18, 2009 3:09am
the rest
Attached File(s)
File Type: zip gj.zip   235 KB | 381 downloads
File Type: zip jpy.zip   223 KB | 436 downloads
File Type: zip nzd.zip   189 KB | 356 downloads
Plan your trades and trade your plans
  • #20,750
  • Aug 18, 2009 3:20am Aug 18, 2009 3:20am
Thanks alot man

Quoting saka
I have a detail data of FX, I will send them all to u, if any one need them, take them as well.
  • #20,751
  • Aug 18, 2009 3:37am Aug 18, 2009 3:37am
Quote
Looking at the USDCHF IF the macd shows a tc would you take the long on the next bar in about 50 mins?

the sl will be just below the 89 ma and the first take profit will just below the trend line?

I don't trade USDCHF but if you trade it set your
1st tp at trend line
2nd at 365 EMA
and
let the remaining go cause i think if it breaks out of this range you could get some big pips.
  • #20,752
  • Aug 18, 2009 3:42am Aug 18, 2009 3:42am
Quoting nrousan
I have a question for you pals. I see that EU is retracing to the 21ema and it is getting closer to it and I think it will go down very soon. The question, should I be looking to 1h time frame now for a TC and early entry?

nrousan
Ask yourself

have you learned enough about the 4h entries and rules?

have you practiced for at least 2-3 months at 4h tf?

if you did above two how did it go are you satisfied with yourself and this system?

I think you got the answer from your own heart now.
  • #20,753
  • Aug 18, 2009 4:26am Aug 18, 2009 4:26am
Thank you nasir,

I read most of the 4h macd thread documents and phill's pdf and listened to the audio files. I think I understand the strategy and demo traded it to a good degree, but not enough to go live. I started to demo trade and read about forex one year ago and I am giving my self one more year of demo trading before going live. I read and learned about so many strategies including the 4h macd, but now I am back to the 4h macd strategy because I feel that it suits me better and I beleive in what phill says. I demo traded the 4h time frame for few months and it was not bad for a begineer like me but I am still not sure about the 1h. This is the reason I ask questions of this kind. I appreaciate taking the time by you and other memebers of this thread to comment on my questions. Thank you
  • #20,754
  • Aug 18, 2009 7:10am Aug 18, 2009 7:10am
Afternoon All,

I will be posted my video review of my GBP/USD CT trade later today, however I have just taken the EUR TC:

Short @ 1.4093
TP: 1.3988
SL: 1.4212

Cheers WG
  • #20,755
  • Aug 18, 2009 7:25am Aug 18, 2009 7:25am
Quoting welshguy2000
Afternoon All,

I will be posted my video review of my GBP/USD CT trade later today, however I have just taken the EUR TC:

Short @ 1.4093
TP: 1.3988
SL: 1.4212

Cheers WG
Hi Welshguy are you using MIG platform. Can you post your chart? I think it's late to enter EU, in my experience after a pin and a candle with MACD turn TC like this price will retrace hard.
  • #20,756
  • Aug 18, 2009 8:31am Aug 18, 2009 8:31am
Quoting saka
I have a detail data of FX, I will send them all to u, if any one need them, take them as well.
Attachment

Attachment

Attachment

Attachment

Attachment

Attachment

Attachment
You're the man, Saka.
  • #20,757
  • Aug 18, 2009 10:09am Aug 18, 2009 10:09am
I think that today most of the major pairs have tried to start the rhythm but all the major pairs have failed to do that so.The news who were in 12.30GMT today I think stop that start. it is my personal opinion but there is no start of the rhythm today so more attention and patience we need now.
  • #20,758
  • Aug 18, 2009 11:16am Aug 18, 2009 11:16am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting nasir.khan
This is EURJPY same like GBPJPY but it also failed to close below 50.0% RET.
nasir,

very very impressive work out dere...i must say dis is excellent timing n picks..n very knowledgeable info as well..
  • #20,759
  • Aug 18, 2009 11:28am Aug 18, 2009 11:28am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
I just took a short position on USDJPY.

Price went below the 89SMA and den below the 200SMA and pulled back to the 21EMA. I hve a TC on my 4 hour MACD wid da pair closing below 200SMA again...derez a TC n a pullback to 21EMA on my hourly charts as well...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_aug18_09_4hr.gif Size: 16 KB
  • #20,760
  • Aug 18, 2009 2:21pm Aug 18, 2009 2:21pm
Quoting welshguy2000
Afternoon All,

I will be posted my video review of my GBP/USD CT trade later today, however I have just taken the EUR TC:

Short @ 1.4093
TP: 1.3988
SL: 1.4212

Cheers WG
Came out of this trade from the 4H close

Exit at 1.4117

- 24 pips (first losing trade in 4 months)
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