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4 Hour Strategy (MACD)

  • #20,941
  • Sep 10, 2009 2:34am Sep 10, 2009 2:34am
Well it offered a small SL.

EDIT: SL on BE .

lets see if it could pass through this orange line.
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  • #20,942
  • Sep 10, 2009 3:39am Sep 10, 2009 3:39am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting nasir.khan
Well it offered a small SL.

EDIT: SL on BE .

lets see if it could pass through this orange line.
datz a good pick

my only concern wud be...a probable bounce from a daily TL...ur PPZ is also on da same levels, i guess...
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  • #20,943
  • Sep 10, 2009 7:12am Sep 10, 2009 7:12am
Quoting nerd
datz a good pick

my only concern wud be...a probable bounce from a daily TL...ur PPZ is also on da same levels, i guess...
looks like nice ES on top of the band..
  • #20,944
  • Sep 10, 2009 11:10am Sep 10, 2009 11:10am
can i see that as bullish divergence pattern also? because the chart is going lower low but the macd is making higher low.

rgds
  • #20,945
  • Sep 11, 2009 2:48am Sep 11, 2009 2:48am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting aungthein
can i see that as bullish divergence pattern also? because the chart is going lower low but the macd is making higher low.

rgds
yes, datz a divergence...but a BEARISH one...

but i normally dont take divergences seriously on 5,13,1 MACD...my testing shows dey dont hve a strong effect...
  • #20,946
  • Sep 12, 2009 12:58am Sep 12, 2009 12:58am
Quoting Morelands
Normally I don't place my trades. However, I wanted to thank Welsh guy for his hard work and his You tube videos....
thank you moreland for sharing your trade because it demonstrates a good trading plan and patience to wait for the right signal, as it always should be. I also want to thank welshguy for his hard work and great contribution to taking Phillip Nel's strategy to the next level...Anyone who appreciates welshguy's hardwork should donate something on his justgiving account.
Happy pips...
  • #20,947
  • Sep 12, 2009 3:28am Sep 12, 2009 3:28am
Morning guys,

Hope your trading week was as successful as mine? Over the past 5 days there were some nice moves with some good opportunities to enter. I have just uploaded the video review of the TC I took on the 10th. I used a news trap to gain an early entry.

Inserted Video


As normal - if you have any questions please ask / rate & comment on the video.

Cheers WG
  • #20,948
  • Sep 14, 2009 12:32am Sep 14, 2009 12:32am
hello all its good to be back. here is a quick one on eurusd daily chart and would like your opinion
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it is better to miss than to loss pips
  • #20,949
  • Edited Sep 15, 2009 1:44am Sep 14, 2009 7:51pm | Edited Sep 15, 2009 1:44am
hi there,

nice Reversal with ES on Daily. Price has bounced off the TL.

check graph ..

SL around 90.00
1st TP by 8 ema

your comments welcome..
shabbir

EDITED:
Closed 1st PT at 40+ pips. Pair has reached 21ema on 4hr.
It might bounce off the 21 ema for TC.

Set Remainder for BE. Might close early before turn into nothing.
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  • #20,950
  • Sep 15, 2009 2:23pm Sep 15, 2009 2:23pm
Hi, I have been following this thread for a while and has almost read/listened to all the posts Phillip Nel is referring to at the 1st post, but I still have some questions... The first one is

"How is it possible to plan a trade in the morning?"

I didn't think it was possible to predict how a pair would move within a day, or have I missed something? and how do you guy prepare before a trading day, and do you watch your charts 24/7 or are you only watching every 4th hour the check for entries and more often if you are in a position or what?

Thanks

- David
  • #20,951
  • Sep 15, 2009 2:45pm Sep 15, 2009 2:45pm
Hey david

Well i am very new to trading but a trade can be planned by looking at moving averages, trendline and support and resistence lines.

For example on the picture below we see we are in a down trend in gbp/jpy. We found strong resistence on the 89 sma and even before that we were having TC patterns off the 8 and 21 ema. So tomorrow i will be looking at short positions of the preferrebly 21 ema or even 8 or 89 ema with macd confirmation. My first targets will be previous swing highs and previous swing lows. That is what i will be searching for tomorrow and the next day and everyday

I hope some of the seniors will answer your question much better than i did

I cant answer the second question, because i am still on demo account and i am learning and looking at charts whenever i have the chance and if i dont have anything else better to do i look at charts alooot so one day i will be able to trade professionaly

good luck

Lan
Attached Image
  • #20,952
  • Sep 16, 2009 11:56am Sep 16, 2009 11:56am
Hi,

Anyone looking to short the USDCHF? on my cht, the next 4hr bar starts in abt 1 hrs time or so. SL will be at the arrow and 1st TP is abt 30 pips.

The price found resistance at the 21 MA and looks like an engulfing candle. What do you guys think?

Regards,

Andrew
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  • #20,953
  • Sep 16, 2009 6:38pm Sep 16, 2009 6:38pm
Hi Andrew,

I entered short usdchf too. entry 1.0325, sl 1.0372 I will close 50% when profit is 25 pips and mose SL to BE and let the rest run to tp 1.0000. It is doing ok so far but we never know.

cheers
  • #20,954
  • Sep 17, 2009 2:47am Sep 17, 2009 2:47am
Morning guys,

I took the TC signal on the 15th which netted about 90 pips. I have just uploaded the video review of this trade - please ask any questions:

Inserted Video


Please rate / comment on the video as it helps others learn.

Cheers WG
  • #20,955
  • Sep 21, 2009 10:06am Sep 21, 2009 10:06am
Hello,
i would first of all say a big thanks to Philip for all his posted here and to all the traders. It's been a b real help to my trading knowledge. I want to be sure about my trade today on GBP/USD, so a vb at 6128 with a resistance at that level at that point. Would it be right for me to take a trade if i saw the signal about 4 hrs late ? I actually entered the trade at 6174 with a 50 pips sl and my tp ia what am not sure of although i went for a 1:2 RW
  • #20,956
  • Sep 22, 2009 3:11pm Sep 22, 2009 3:11pm
Evening guys,

I'm a little surprised by the lack of replies that the thread has had lately - are people becoming impatient or losing trust in the system? Do you think this thread would do better, in the normal trading systems - instead of the commercial Forum? Do think that makes a big difference?

Hopefully this video review will show you people that system is alive & working better than every if you know what your doing.

Netted +338 pips

Inserted Video


Please rate / comment on the video as it really helps people learn!

Cheers WG
  • #20,957
  • Edited 7:11pm Sep 22, 2009 6:59pm | Edited 7:11pm
I can not speak for all, but I love your posts and study them consistantly. I'm not a big participant on this thread, just not my style. I help when I think I can, but I only post when I really feel I know where the market is heading. If I was as sure as you on the market, I would post more. Also I'm more of a 5 min specialist...I like it better b/c I'm in and out of the market quickly and I'm better at it. However, I know there is always improvement to be made, so for the last 3-5 months I've been studying phillip's (and frankly yours) MACD 4 hr. I figure if I keep studying and looking at charts I'll be consistant with the 4 hr. Also, sometimes I just missed the move, and I've learned not to chase the markent once I have missed an entry.
I have noticed lately that your posts have not ended up on youtube.


Quoting welshguy2000
Evening guys,

I'm a little surprised by the lack of replies that the thread has had lately - are people becoming impatient or losing trust in the system? Do you think this thread would do better, in the normal trading systems - instead of the commercial Forum? Do think that makes a big difference?

Hopefully this video review will show you people that system is alive & working better than every if you know what your doing.

Netted +338 pips

http://www.youtube.com/watch?v=OkROaw-lpAc

Please rate / comment on the video as...
  • #20,958
  • Sep 23, 2009 4:07am Sep 23, 2009 4:07am
Quoting welshguy2000
Evening guys,

I'm a little surprised by the lack of replies that the thread has had lately - are people becoming impatient or losing trust in the system? Do you think this thread would do better, in the normal trading systems - instead of the commercial Forum? Do think that makes a big difference?

Hopefully this video review will show you people that system is alive & working better than every if you know what your doing.

Netted +338 pips

http://www.youtube.com/watch?v=OkROaw-lpAc

Please rate / comment on the video as...
I'm always here silently studying; actually this system is very complicate to apply and for this reason more interesting to apply...
please keep on posting video and trade reviews, till you all have time to !

cheers,
andy
  • #20,959
  • Sep 24, 2009 1:54am Sep 24, 2009 1:54am
Quoting welshguy2000
Evening guys,

I'm a little surprised by the lack of replies that the thread has had lately - are people becoming impatient or losing trust in the system? Do you think this thread would do better, in the normal trading systems - instead of the commercial Forum? Do think that makes a big difference?

Hopefully this video review will show you people that system is alive & working better than every if you know what your doing.

Netted +338 pips

http://www.youtube.com/watch?v=OkROaw-lpAc

Please rate / comment on the video as...

The system is very interesting and I like the TF. I want to ask you what times do you look for a trade setup if you have a full time job and don't want to be glued to the computer every 4 hours?
  • #20,960
  • Sep 24, 2009 6:57am Sep 24, 2009 6:57am
Afternoon guys,

Just uploaded my video of the TC signal which I have just come out of - please take the time to comment / rate it as it helps others learn.

Inserted Video


Cheers WG
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