4 Hour Strategy (MACD) | Page 1053 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #21,041
  • Oct 5, 2009 12:27am Oct 5, 2009 12:27am
Quoting vision
Hi Every one,
I am trying to learn this strategy. Can anyone give me template for this strategy?

Thanks.
Click paper-clip picture on the top, on the right from page numbers. There are all attachments
  • #21,042
  • Oct 5, 2009 8:56am Oct 5, 2009 8:56am
Hi guys,

I am trying to learn this system and I took long on Aud/USD. Is that right entry?
Attached Image (click to enlarge)
Click to Enlarge Name: buyaud.gif Size: 24 KB
  • #21,043
  • Oct 5, 2009 2:03pm Oct 5, 2009 2:03pm
I took this TC on EUR/USD @ 20.00hrs.
Entry: 1.4655
SL: 1.4600
TP: 1.4700

To see how it works out a little afraid of the 89SMA which may serve as resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: tc.gif Size: 30 KB
"Flow with the market rhythm and the pips will come to you."
  • #21,044
  • Oct 5, 2009 2:40pm Oct 5, 2009 2:40pm
Quoting Price Motion
I took this TC on EUR/USD @ 20.00hrs.
Entry: 1.4655
SL: 1.4600
TP: 1.4700

To see how it works out a little afraid of the 89SMA which may serve as resistance.
Hi
I was also watching that same setup. The only reason I did not get involved is the 89sma in its way as price is inbetween the 200sma and the 89sma and the short trendline I had drawn. But the momentum look good for a break to above the 89sma and that trendline unless the 89sma prove to strong resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H MACD.gif Size: 24 KB
  • #21,045
  • Oct 5, 2009 2:46pm Oct 5, 2009 2:46pm
Phillip

Is it ok to wait for a move away from 89 with macd confirmation? For example if the macd now gives a red bar (short signal) would you consider taking it?
  • #21,046
  • Oct 5, 2009 3:02pm Oct 5, 2009 3:02pm
Quoting fxlan
Phillip

Is it ok to wait for a move away from 89 with macd confirmation? For example if the macd now gives a red bar (short signal) would you consider taking it?
It might work out OK but I like the round top to be a nice smooth one. When the price is inbetween the 89 and 200 it tends to zig zag there untill it gets direction again. So I wont wait for a red bar on the MACD if I wanted to take the odds on that the price is going to bounce from the 89sma and also that TL can be strong resistance. For a small stoploss of 20-30 pips the odds can be taken on. But that is just taking the odds on according to the 4H market rhythm that when price is inbetween the 89 and 200 it might zig zag between them. The picture I include is how I want a round top and or bottom to look like before I will get involved. Then it also needs to form from support or resistance. I think that is a safer way.
Attached Images
  • #21,047
  • Oct 5, 2009 3:20pm Oct 5, 2009 3:20pm
Round tops and bottoms
Attached Image (click to enlarge)
Click to Enlarge Name: 4H MACD 1.gif Size: 29 KB
Attached File(s)
File Type: zip Round Tops and Bottoms.zip   576 KB | 916 downloads
  • #21,048
  • Oct 6, 2009 7:29am Oct 6, 2009 7:29am
Quoting Phillip Nel
Round tops and bottoms
Thanks for the valueable lesson...guru
  • #21,049
  • Oct 6, 2009 12:56pm Oct 6, 2009 12:56pm
I have decide to take the ZBreak on the GbpUsd for a move towards the 89sma. The price moved nicely to +50 pips. I decided to set TP at +25 after +50 was reached. Price retraced sharply and TP was hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H MACD 1.gif Size: 80 KB
  • #21,050
  • Oct 6, 2009 1:11pm Oct 6, 2009 1:11pm
Quoting Phillip Nel
I have decide to take the ZBreak on the GbpUsd for a move towards the 89sma. The price moved nicely to +50 pips. I decided to set TP at +25 after +50 was reached. Price retraced sharply and TP was hit.
thanks for the post ..

why nobody seems trading EU and UJ .. they had nice TC .. EU made nice TC on daily and moved over 100 pips ..

i took ZB on UJ yesterday and made 39 and 50 pips..

missed the EU TC ..

shabbir
  • #21,051
  • Oct 6, 2009 2:20pm Oct 6, 2009 2:20pm
Quoting gujjubond
thanks for the post ..

why nobody seems trading EU and UJ .. they had nice TC .. EU made nice TC on daily and moved over 100 pips ..

i took ZB on UJ yesterday and made 39 and 50 pips..

missed the EU TC ..

shabbir
For me current situation on EU is not easy to trade,
On EU I wait to comeback to 89 / 21 and maybe then I find good opportunity to entry.
Attached Image (click to enlarge)
Click to Enlarge Name: bez tytułu.PNG Size: 25 KB
  • #21,052
  • Oct 6, 2009 2:30pm Oct 6, 2009 2:30pm
Quoting gujjubond
thanks for the post ..

why nobody seems trading EU and UJ .. they had nice TC .. EU made nice TC on daily and moved over 100 pips ..

i took ZB on UJ yesterday and made 39 and 50 pips..

missed the EU TC ..

shabbir

Well done. I seen the TC on Euro but expected the 89SMA to provided more resistance so didn't get involved. The Yen isn't one I normally trade, but yeah, ZB moving away from 21EMA, 50pips SL, nice. The Tails on the daily might have concerned me.

Good Luck.
  • #21,053
  • Oct 6, 2009 3:23pm Oct 6, 2009 3:23pm
Thx for all you guys posting your comments ... is really valuable ... am still learning, have migrated from demo to live a month or so ago and see (but miss) many good trades... got locked in a break even spell the last week or two... get stopped out and enter too late or early .. eish...

Am busy going through the lessons again just to freshen up. Phillip said somewhere it takes a few month to digest all the stuff and although I am spending a lot of time on it, it seems to be true enough

Thx again Phillip for sharing this methods of yours .. great stuff!

T
Never give up !!!
  • #21,054
  • Oct 6, 2009 3:30pm Oct 6, 2009 3:30pm
Quoting Phillip Nel
Hi
I was also watching that same setup. The only reason I did not get involved is the 89sma in its way as price is inbetween the 200sma and the 89sma and the short trendline I had drawn. But the momentum look good for a break to above the 89sma and that trendline unless the 89sma prove to strong resistance.
Hi Phillip

Glad to see you are back. Like they say: You cannot keep a good man down.

Welcome back and your two systems are like the Charles Glass beer advertisment in South Africa some time ago. Something like .......stood the test of time......

Always nice to read your posts - I am still applying the principles of your systems in my trading.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #21,055
  • Oct 6, 2009 10:11pm Oct 6, 2009 10:11pm
Quoting Phillip Nel
I have decide to take the ZBreak on the GbpUsd for a move towards the 89sma. The price moved nicely to +50 pips. I decided to set TP at +25 after +50 was reached. Price retraced sharply and TP was hit.
Hello Phil... Really really glad to have you back.... I really enjoying your posts and your lessons, please keep posting... Thank you so much....
  • #21,056
  • Oct 6, 2009 10:18pm Oct 6, 2009 10:18pm
anybody looking at RT on AU ?

nice curved there ..

after weekend opening it has ran 250+ pips north .. it's due to some correction now ..


comments welcome
  • #21,057
  • Oct 7, 2009 1:10am Oct 7, 2009 1:10am
Dear Phillip,

I am glad that you are back. I enjoyed listening to the recording on RT and RB. It is so educative. Please keep posting because you are really helping so many people like me and what you are doing is really appreciated.

Nabil
  • #21,058
  • Oct 7, 2009 1:12am Oct 7, 2009 1:12am
Phillip
I see on the MACD setting that you used in the previous example that you are using the 5:13:1 setting and not the 10:22:1. Any specific reason??
T
Never give up !!!
  • #21,059
  • Oct 7, 2009 5:06am Oct 7, 2009 5:06am
Quoting gujjubond
anybody looking at RT on AU ?

nice curved there ..

after weekend opening it has ran 250+ pips north .. it's due to some correction now ..


comments welcome
For me a definate No-No. I have found that whenever I did counter trend round top/bottom trades they didn't work out. With only one bearish 4H candle in the Ozzie RT it did not look a good idea to me. Especially with them raising interest rates. I am sure Phillip did mention that you need to look at price action and not just trade the every MACD signal. Appolgies if this is mentioned in the MP3 from the other day. Have not had a chance to listen to it yet.As usuall IMHO only.

Good Luck.
  • #21,060
  • Oct 7, 2009 5:11am Oct 7, 2009 5:11am
I am short on Cable from yesterday. Its more a swing trade based on elliot wave. However, there has been 4H tails and resistance at the 21ema again. That 1200 (GMT+1) Candle might have been a chance to get on board with the 4H. My stop is 30 Pips above 21 at the moment. TP below 1.5760 to complete 5th Wave.
34 traders viewing now