4 Hour Strategy (MACD) | Page 1060 | 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)

  • #21,181
  • Oct 20, 2009 10:36am Oct 20, 2009 10:36am
Quoting andrewnair
Hi,

My previous trade on the USDCAD (long) got stopped out on the big blue arrow. I saw another one, where the red arrow is, the previous one bar from the current one.

I did not take the trade unfortunately, but I was there when the MACD turned. I was waiting for the price to got to the 21 MA and then look for a TC down to short.

[font=Arial][size=2]I would like to ask Phillip or any other trader that can answer, should I have taken the previous...
with 4hr system, it was showing pressure downward. 4hr and daily gave TC.
but turned out to be wrong signal. One of those 3 out of 10 false signal.
  • #21,182
  • Oct 20, 2009 10:59am Oct 20, 2009 10:59am
Quoting gujjubond
with 4hr system, it was showing pressure downward. 4hr and daily gave TC.
but turned out to be wrong signal. One of those 3 out of 10 false signal.
Hi gujjubond,

Thanks for the reply. Sorry to ask which trade are you referring to? The one I took, the one that hit my SL, or the one I missed?

Thanks again for your help.

Sorry for the trouble,

Andrew
  • #21,183
  • Oct 20, 2009 11:19am Oct 20, 2009 11:19am
i use also MACD trend for trade but i use on 30M eur/usd for profit likes 17 or 20 pips and i'm really enjoying of that indicator too hey thanks for that you share your system
  • #21,184
  • Oct 20, 2009 11:48am Oct 20, 2009 11:48am
Lesson 1
A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp.

They rub it and a Genie comes out.
The Genie says, 'I'll give each of you just one wish.'
'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas , driving a speedboat, without a care in the world.'
Puff! She's gone.

'Me next! Me next!' says the sales rep. 'I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.'

Puff! He's gone.

'OK, you're up,' the Genie says to the manager.
The manager says, 'I want those two back in the office after
lunch.'

Moral of the story:
Always let your boss have the first say.
Attached File(s)
File Type: zip Comments.zip   451 KB | 523 downloads
  • #21,185
  • Oct 20, 2009 3:35pm Oct 20, 2009 3:35pm
Quoting orangeRANGE
Once again...a lot of reaction from my PW...in this case 1.4830 (see rectangular). Please load my template herewith for those who are interested.

Hope this helps.
loaded your template but I don't get the blue arrows and the horizontal dotted lines...
  • #21,186
  • Oct 20, 2009 3:45pm Oct 20, 2009 3:45pm
Hi,

This is my first posting and I am very much thankful to Philip for this wonderful strategy. Also I am learning lot of things from all other members who are analyzing each trade that occurs.
I am doing demo trading for past 6 months and doing some analysis of trades based on this strategy.

By looking at the usdcad pair, i see a tail downwards which is a strong bullish pattern to go for long and before that candle there is RB formed with a doji as the reversal candle. Also the interest rate statement by BOC has added to the sharp increase in this pair.

Regards

Sridhar
  • #21,187
  • Oct 20, 2009 4:39pm Oct 20, 2009 4:39pm
Good Evening all,

I wanted to welcome back all the veterans and all the new faces............it is great to see you guys and your postings again. Phillip's presence has re-ignited this forum and I am very glad to still see this forum staying very true to the original rules and methods. There are not many forums where you actually learn from experienced veterans and traders who are truely sharing their real experiences with everyone.................

the analysis that are available here are immaculate, detailed and very specific. This is PHD at its best, having a PHD is not just restricted to doctors and lawyers but we have many traders that could as well be PHD professors.

I have taken on the USD/CAD trade off of the 89sma where price did go up to it which has created a gap between price and the 21ema and our gap indicator as well has turned yellow. I have taken this trade on after a nice move up to the 89sma. I anticipate price to retrace slightly to the 21ema before we can establish new direction. Also you can see that minor blue trend line where it broke above. I anticipate price to retest that as well and that's why I have my targets around that area.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4h.gif Size: 24 KB
Keeping Life Simple
  • #21,188
  • Edited 8:30pm Oct 20, 2009 7:08pm | Edited 8:30pm
Quoting andrewnair
Hi,

My previous trade on the USDCAD (long) got stopped out on the big blue arrow. I saw another one, where the red arrow is, the previous one bar from the current one.

I did not take the trade unfortunately, but I was there when the MACD turned. I was waiting for the price to got to the 21 MA and then look for a TC down to short.

[font=Arial][size=2]I would like to ask Phillip or any other trader that can answer, should I have taken the previous...
Hi Andrew,

The reason why your trade was unsuccessful was because you traded before the Bank Of Canada rate decision. I was fooled by the candles too and took a trade which stopped me out. The market was very indecisive a day or two before the rate decision and then yesterday after the rate decision, the market made its move which was very clear.

I went long just after the rate decision, went to sleep after setting stop to break even and woke up to 158 pips. There was divergence and UCAD looked like it was in the process of making a double bottom (a higher bottom to be precise) even before the big candle from the rate decision. However if I had gone long before that, I would have been stopped out due to the indecisiveness.
  • #21,189
  • Edited 9:09pm Oct 20, 2009 7:19pm | Edited 9:09pm
Quoting Phillip Nel
Lesson 1
A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp.

They rub it and a Genie comes out.
The Genie says, 'I'll give each of you just one wish.'
'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas , driving a speedboat, without a care in the world.'
[b][font=Arial][color=#4f4f4f]Puff!...
YES BOSS. LOL

Thanks for the MP3 feedback on the RTs and RBs. Much appreciated so please keep it up. I learnt a lot from your MP3 today.
  • #21,190
  • Oct 20, 2009 7:46pm Oct 20, 2009 7:46pm
Quoting xeneric
YES BOSS. LOL

BTW thanks for the MP3 feedback on the RTs and RBs. Much appreciated so please keep it up. I am interested in why you would not have taken GU short ? What didn't you like about the candles at that point in time that would have kept you out ? What would have told you that GU was going for another test of the high ? Thanks Phil.

hi xeneric. glad to see u back!
  • #21,191
  • Edited 8:25pm Oct 20, 2009 7:51pm | Edited 8:25pm
Quoting yuan83
hi xeneric. glad to see u back!
Hi Yuan,

Great to see u too.
  • #21,192
  • Oct 20, 2009 10:54pm Oct 20, 2009 10:54pm
Quoting xeneric
Hi Andrew,

The reason why your trade was unsuccessful was because you traded before the Bank Of Canada rate decision. I was fooled by the candles too and took a trade which stopped me out. The market was very indecisive a day or two before the rate decision and then yesterday after the rate decision, the market made its move which was very clear.

I went long just after the rate decision, went to sleep after setting stop to break even and woke up to 158 pips. There was divergence and UCAD looked like it was in the process of making a double bottom...
Hi xeneric,

Thanks for the help I am seeing what you are seeing now.

Thanks agian,

Andrew
  • #21,193
  • Oct 21, 2009 12:12am Oct 21, 2009 12:12am
Quoting baco75
loaded your template but I don't get the blue arrows and the horizontal dotted lines...
Get these 2 indys in your indys folder before you upload the template again.

Hope this helps.
Attached File(s)
File Type: mq4 _Stochastic_Cross_Alert_SigOverlayM_cw.mq4   6 KB | 382 downloads
File Type: mq4 Support_Resistance.mq4   2 KB | 411 downloads
  • #21,194
  • Oct 21, 2009 12:16am Oct 21, 2009 12:16am
Quoting Phillip Nel
Lesson 1
A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp.

They rub it and a Genie comes out.
The Genie says, 'I'll give each of you just one wish.'
'Me first! Me first!' says the admin clerk. 'I want to be in the Bahamas , driving a speedboat, without a care in the world.'
[b][font=Arial][color=#4f4f4f]Puff!...
Nice quote...Phillip...

Rule #1: The boss is always right
Rule #2: If you have any problem in your works, alwyays refer to Rule #1.
  • #21,195
  • Oct 21, 2009 12:19am Oct 21, 2009 12:19am
Quoting time1300
Good Evening all,

I wanted to welcome back all the veterans and all the new faces............it is great to see you guys and your postings again. Phillip's presence has re-ignited this forum and I am very glad to still see this forum staying very true to the original rules and methods. There are not many forums where you actually learn from experienced veterans and traders who are truely sharing their real experiences with everyone.................

the analysis that are available here are immaculate, detailed and very specific. This is PHD at...
Actually, I am not veteran here as well...and I am still 28 now...but it is glad to see you posting back here again my friend. Now I miss Palmer too...besides Phillip, both you guys had also contribute a lot in this great thread...

All the best bro...
  • #21,196
  • Edited 1:31am Oct 21, 2009 1:15am | Edited 1:31am
Quoting orangeRANGE
Actually, I am not veteran here as well...and I am still 28 now...but it is glad to see you posting back here again my friend. Now I miss Palmer too...besides Phillip, both you guys had also contribute a lot in this great thread...

All the best bro...
You may be 28 but as far as I am concerned, you are almost a veteran here
  • #21,197
  • Oct 21, 2009 2:36am Oct 21, 2009 2:36am
Quoting xeneric
You may be 28 but as far as I am concerned, you are almost a veteran here
It is very nice to see you and some other familiar names to be here, having a nice chat, bluffing, joking, scamming, etc etc...hahaha...

By the way, don't get "old" in this thread my friend...always feel "fresh" and "young" (even though your are either senior or veteran here).

All the best to you too...
  • #21,198
  • Oct 21, 2009 6:41am Oct 21, 2009 6:41am
Quoting msridharr
Hi,

This is my first posting and I am very much thankful to Philip for this wonderful strategy. Also I am learning lot of things from all other members who are analyzing each trade that occurs.
I am doing demo trading for past 6 months and doing some analysis of trades based on this strategy.

By looking at the usdcad pair, i see a tail downwards which is a strong bullish pattern to go for long and before that candle there is RB formed with a doji as the reversal candle. Also the interest rate statement by BOC has added to the sharp increase...
Welcome to the thread. You made a good trade.
  • #21,199
  • Oct 21, 2009 7:47am Oct 21, 2009 7:47am
nice move up for GU. support at 21 before going up. however where should we place our tp in this case actually.
  • #21,200
  • Oct 21, 2009 7:49am Oct 21, 2009 7:49am
Quoting xeneric
You may be 28 but as far as I am concerned, you are almost a veteran here
i am sure age and educational level is nv a criteria in trading.
9 traders viewing now