4 Hour Strategy (MACD) | Page 1054 | 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)

  • #21,061
  • Edited 6:12am Oct 7, 2009 5:45am | Edited 6:12am
Have a question for the more experienced 4hour traders:

I have had quite a number of trades where a MACD round top above the zero line is forming (for example) and the first MACD line of the round top has formed and then with the next 4 hrs session it looks like the confirmation second down MACD line has formed and I enter but during the session the market goes up and now it is not a round top any longer but it turns into a TC or whatever.

Afterward it is easy to see that it was never a round top but the (false) MACD signal was given and taken at the time of the trade.
At the time the market rhythm was also ok and even the market emotion was a go.

How do you filter out trades like that?

Thanks
T
Never give up !!!
  • #21,062
  • Oct 7, 2009 6:01am Oct 7, 2009 6:01am
Quoting theunis
Have a question for the more experienced 4hour traders:

I have had quite a number of trades where a MACD round top above the zero line is forming (for example) and the first MACD line of the round top has formed and then with the next 4 hrs session it looks like the confirmation second down MACD line has formed and I enter but during the session the market goes up and now it is not a round top any longer but it turns into a TC or whatever.

Afterward it is easy to see that it was never a round top but the (false) MACD signal was given and taken...
This is what you are doing...against the trend...

Plus...you need to know what the lower TFs are doing as well (1hr and 15m). Use the Golden rules of 4 : H4-H1-15M

Whatever happened in a single candle of H4 is the result of 4 candles from H1 tf....if you understand how the lower TFs work...you can work out the filters...

Hope this helps...
Attached Image (click to enlarge)
Click to Enlarge Name: h.gif Size: 35 KB
  • #21,063
  • Edited 8:51am Oct 7, 2009 6:51am | Edited 8:51am
Thanks!
If I understand correctly, when you see a possible, lets say round top forming, and the second MACD line forms you check the 1hr and 15 min for confirmation before you take the trade.

For anyone with a similar problem, it was also addressed in detail in post 1466!

T
Never give up !!!
  • #21,064
  • Oct 7, 2009 12:32pm Oct 7, 2009 12:32pm
Quoting theunis
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
Hi
I have introduced the 10,22,1 setting as it filters out some noice and the signal is more smooth. I still prefer the 5,13,1. What I have found is that with Divergence the 10,22,1 is very true. Do some backtesting on the currency pair you want to trade to see which of the 2 settings suits that pair the best. Sorry for the late posting as we have serious internet problems. the speed varies and are sometime so slow that it cannot download my e-mail.
  • #21,065
  • Oct 7, 2009 5:27pm Oct 7, 2009 5:27pm
hi, this is i trade i took last night which currently im still on.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 3.png Size: 36 KB
  • #21,066
  • Oct 7, 2009 8:31pm Oct 7, 2009 8:31pm
Quoting Hoifai
hi, this is i trade i took last night which currently im still on.
hi ,are you selling the eurusd???
the eur usd is in a uptrend,if you sell it ,the target is 89sma,the target is hit ,you should have get out of it !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 200908018over.gif Size: 23 KB


edit:the price action go up through the 89sma,then it most likely to go back to the 89sma to test it,then it will go up again.if it a up trend!!
  • #21,067
  • Oct 7, 2009 8:45pm Oct 7, 2009 8:45pm
Attached Image (click to enlarge)
Click to Enlarge Name: 200908018over.gif Size: 26 KB
  • #21,068
  • Oct 7, 2009 8:52pm Oct 7, 2009 8:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: 未命名.GIF Size: 89 KB
  • #21,069
  • Oct 8, 2009 1:56am Oct 8, 2009 1:56am
missed that nice TC when i was sleeping ,hope some one catch it
(the buys on the picture is based on smallet TF)
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
  • #21,070
  • Oct 8, 2009 2:20am Oct 8, 2009 2:20am
Quoting bshadroo
missed that nice TC when i was sleeping ,hope some one catch it
(the buys on the picture is based on smallet TF)
I missed it too Also stopped out of Cable. At least that one was in my Demo and not Live account. Normally I put a trade on in both.

I see Cable has finally got back the 89SMA.
  • #21,071
  • Oct 8, 2009 3:38am Oct 8, 2009 3:38am
Quoting bshadroo
missed that nice TC when i was sleeping ,hope some one catch it
(the buys on the picture is based on smallet TF)
Hi bshadroo, yes i missed that one too.... was still sleeping... that eur was a nice one, but at least i was able to catch the gbp for 26 pips...
entry: 1.6014
s/l 1.5960
t/p: 1.6040 ---reason for t/p: right on my fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 0910-08 (h1).gif Size: 25 KB
  • #21,072
  • Oct 8, 2009 4:36am Oct 8, 2009 4:36am
Quoting Phillip Nel
Hi
I have introduced the 10,22,1 setting as it filters out some noice and the signal is more smooth. I still prefer the 5,13,1. What I have found is that with Divergence the 10,22,1 is very true. Do some backtesting on the currency pair you want to trade to see which of the 2 settings suits that pair the best. Sorry for the late posting as we have serious internet problems. the speed varies and are sometime so slow that it cannot download my e-mail.
Does its trick very well and nice for me...always...most of the time
Attached Image (click to enlarge)
Click to Enlarge Name: h.gif Size: 30 KB
  • #21,073
  • Oct 8, 2009 4:58am Oct 8, 2009 4:58am
Attached Image (click to enlarge)
Click to Enlarge Name: 未命名.GIF Size: 25 KB
  • #21,074
  • Oct 8, 2009 5:04am Oct 8, 2009 5:04am
Quoting ssq
Attachment
I think you should wait for a retracement before it bounce back...maybe around 8/21ema...depends...
  • #21,075
  • Oct 8, 2009 5:30am Oct 8, 2009 5:30am
While u guys were sleeping I went long with E/U.As the rules says, when price breaks through the 89 it tends to come back to it and before continues in the originally direction. 50% Fibo was confirmed as support. I used a 5m entry.Right after the vertical line in the 5m chart. It doesn't fit 100% to the rules because the MACD wasn't green either the 5;13;1 setup nor the 10:22:1 setup. Another risky aspect of the trade was also the low volatility,I entered after NY close and before ASIA open. In the end everything gone well and the trade hits the TP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 003 5m of 4h entry 07.10.2009.gif Size: 31 KB
Click to Enlarge Name: 003 4h entry 07.10.2009.gif Size: 42 KB
  • #21,076
  • Oct 8, 2009 5:32am Oct 8, 2009 5:32am
Quoting ssq
hi ,are you selling the eurusd???
the eur usd is in a uptrend,if you sell it ,the target is 89sma,the target is hit ,you should have get out of it !!!
Attachment

edit:the price action go up through the 89sma,then it most likely to go back to the 89sma to test it,then it will go up again.if it a up trend!!
yes thank you for the comment, i adjust my stop loss and got took out at 14705
  • #21,077
  • Oct 8, 2009 5:46am Oct 8, 2009 5:46am
i'll probably be bit conservative wait for a little longer as a possible divergence might be on its way, maybe the pull back could leads to a better place to enter. never the less we are in a uptrend at the moment.


have a good day of trading
  • #21,078
  • Oct 8, 2009 5:48am Oct 8, 2009 5:48am
possible retrace on divergence
Attached Image
  • #21,079
  • Oct 8, 2009 6:05am Oct 8, 2009 6:05am
if the market go up a lot at the Asian time,maybe the market will go up more at the Europe and American time.........

i am waiting......

any comment was wellcome.
  • #21,080
  • Oct 8, 2009 6:10am Oct 8, 2009 6:10am
I would love it to go up after a retest of the 21 and a TC
20 traders viewing now