4 Hour Strategy (MACD) | Page 1107 | 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)

  • #22,121
  • Mar 25, 2010 1:14pm Mar 25, 2010 1:14pm
Quoting Suuu

SELL USD/CHF at 1.0704
TP at 1.0661
SL 1.0745
Reason : RT that performing on my trendline and 200 SMA, price just break 89 SMA and not retrade to 21 EMA yet, a long tail in circle area.

Any comment for this trade ?
Welcome Suuu.

I think you have to understand better what Ira and Raymond have been saying about trending market and consolidation.
Look at my chart.
Look at the channel I have drawn and look at how entangled together are the different MA's. I see a breakout of the channel with a retest of the trendline and going up...
Hope that helps....
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2010-03-25 at 7.10.31 PM.png Size: 41 KB
  • #22,122
  • Mar 25, 2010 1:42pm Mar 25, 2010 1:42pm
Quoting baco75
Welcome Suuu.

I think you have to understand better what Ira and Raymond have been saying about trending market and consolidation.
Look at my chart.
Look at the channel I have drawn and look at how entangled together are the different MA's. I see a breakout of the channel with a retest of the trendline and going up...
Hope that helps....
Cheers
yeah you right i still need to learn a lot of things, i got stopped out, well i still have tomorrow to learn .
  • #22,123
  • Edited 6:19pm Mar 25, 2010 4:17pm | Edited 6:19pm
Quoting baco75
waited for price to test the broken trendline again and it didn't. Cheers
I was expecting a deeper pullback for EU too. My problem is that I refused to believe that it was so shallow. It can be a real block to your trading.
  • #22,124
  • Edited 4:56pm Mar 25, 2010 4:29pm | Edited 4:56pm
Quoting Phillip Nel
The reason why I did not took this mornings trade was the fact that it broke a trendline and pulled back to it. Otherwise all indicates a good trade long.
I took that trade. When I woke up and got to my computer at the beginning of the Asian session it was exactly at the spot for a long so I took it.

S/L 1.4845
Entry 1.48815
TP1 1.4898 Achieved. Anticipated some resistance at 1.49 level.
TP2 1.4989 GU did get that far but unfortunately I closed early at 1.4933 due to fear of it turning around because of the strong downtrend.
  • #22,125
  • Edited 11:28pm Mar 25, 2010 4:41pm | Edited 11:28pm
Quoting Phillip Nel
just watch for a downmove from the breakout TL.
Thanks for the heads up, Phil. After it bounced off the 21 EMA with tweezers and both times it closed below the trendline, I took the short. There was also a TC on the macd. S/L now at breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4hr.gif Size: 16 KB
  • #22,126
  • Mar 25, 2010 5:17pm Mar 25, 2010 5:17pm
Quoting xeneric
Thanks for the heads up, Phil. I took that trade too. After it bounced off the 21 EMA with tweezers and both times it closed below the trendline, I took the short. There was also a TC on the macd. S/L now at breakeven.
It was a good day for you, congrats
  • #22,127
  • Mar 25, 2010 6:18pm Mar 25, 2010 6:18pm
Quoting Morelands
It was a good day for you, congrats
Thanks Raymond.
  • #22,128
  • Edited 8:10pm Mar 25, 2010 6:28pm | Edited 8:10pm
UJ is making a very prolonged bottom which looks like an inverse head and shoulders but is not quite one. It seems to be taking a long time as I mentioned this last month and not much has happened except for the recent breakout. It has taken about 6 months to make so far. However when it is complete, the move upwards will be big.
Attached Image (click to enlarge)
Click to Enlarge Name: uj4hr.gif Size: 24 KB
  • #22,129
  • Mar 26, 2010 8:32pm Mar 26, 2010 8:32pm
The pink line is the 55 MA on the daily that WG has brought up on his posts. By the way WG, we/I miss your posts. I bring this up b/c not only does is act as support and resistance frequently, but it was also a trade that I missed and frankly I'm not sure why. Maybe I missed it b/c of a dirty diaper or just a busy day at work. The date was 3/17 and is the #4 on the daily chart. It was during the consolidation period, a time when you find your bounderies and trade only around those bounderies (again, don't trade according to TC or MA during a consolidation period) In this case it was the 50% retracement that was my boundery/resistance area. The second chart is the 4 hr. Look at the evening doji star, indicated by the arrow. Evening stars indicate a price reversal is about to occur. It would have been a very good short. Look for price action the next time around the 55MA and it may provide another opportunity. Have a nice week-end.
Raymond
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 031710.gif Size: 47 KB
Click to Enlarge Name: 031710-2nt.gif Size: 37 KB
  • #22,130
  • Edited 6:19am Mar 27, 2010 6:06am | Edited 6:19am
Quoting Morelands
The pink line is the 55 MA on the daily that WG has brought up on his posts. By the way WG, we/I miss your posts. I bring this up b/c not only does is act as support and resistance frequently, but it was also a trade that I missed and frankly I'm not sure why. Maybe I missed it b/c of a dirty diaper or just a busy day at work. The date was 3/17 and is the #4 on the daily chart. It was during the consolidation period, a time when you find your bounderies and trade only around those bounderies (again, don't trade according to TC or MA during a consolidation...
No, we were all paying attention including yourself. The problem was that we were all distracted by the long term trendline and the breakout which turned out to be false. (That was the breakout that Ira took but his chart didn't have the trendline.) I would have felt stupid going short at the 50% fib when EU broke up through the long term trendline, pulled back to it and bounced off it. Also it broke up through the 200 SMA at the same time and the 200 SMA was providing support. There were higher swing highs and higher swing lows. I remember the price action was also very erratic. I was not the only one that was confused. It is easy to see it so clearly in hindsight but at the time it wasn't.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4 hr.gif Size: 21 KB
  • #22,131
  • Mar 27, 2010 5:02pm Mar 27, 2010 5:02pm
Quoting xeneric
No, we were all paying attention including yourself. The problem was that we were all distracted by the long term trendline and the breakout which turned out to be false. ....
I totally agree. As a matter of fact I believe that the next challenge for the more experienced members of this thread is to post our entries before things have cleared out.
I think we all have understood the strategy and can read the after_the_fact charts, but it is difficult to predict the right move!!!
So what I am suggesting is to take a screen shot right when we do an entry and then post that chart along with the after_the_fact chart.
For instance I have noticed that a 4H MACD bar (green or red) may change color depending on the following bar. Has anyone noticed that, too?
So a nice smooth TC on the MACD is very clear after a few bars, but not so clear when you are supposed to enter!!
So looking at the chart after the fact you say to yourself: "How could I have missed that!?". But that's not your mistake it is just that it was not so clear as it was happening.
Please share your thoughts on this.
Thank you
Cheers
  • #22,132
  • Mar 27, 2010 9:48pm Mar 27, 2010 9:48pm
Quoting baco75
I totally agree. As a matter of fact I believe that the next challenge for the more experienced members of this thread is to post our entries before things have cleared out.
I think we all have understood the strategy and can read the after_the_fact charts, but it is difficult to predict the right move!!!
So what I am suggesting is to take a screen shot right when we do an entry and then post that chart along with the after_the_fact chart.
For instance I have noticed that a 4H MACD bar (green or red) may change color depending on the following bar....

Good thought baco75!!!
  • #22,133
  • Mar 28, 2010 7:59am Mar 28, 2010 7:59am
Quoting baco75
I totally agree. As a matter of fact I believe that the next challenge for the more experienced members of this thread is to post our entries before things have cleared out.
I think we all have understood the strategy and can read the after_the_fact charts, but it is difficult to predict the right move!!!
So what I am suggesting is to take a screen shot right when we do an entry and then post that chart along with the after_the_fact chart.
For instance I have noticed that a 4H MACD bar (green or red) may change color depending on the following bar....
When I do see things coming I try to post possible set ups. However, sometimes I'm at work and can't post from there,and/or it is the middle of the night and I just don't have it in me to do anything other than place the trade, get back to bed and check on the trade though out the night. As for the MACD, I don't use it that much and I don't think a trade should be decided by a few pips, which is what happens when it changes after the signal. Hope everyone had a nice week-end and everyone make some pips this week
Raymond
  • #22,134
  • Mar 28, 2010 4:34pm Mar 28, 2010 4:34pm
Anyone know how to shut off the alerts on the 4 hour macd indicator?
  • #22,135
  • Mar 28, 2010 7:46pm Mar 28, 2010 7:46pm
I'm expecting a fairly large move short. Can't go into too much detail b/c it is not based on the 4 hr, more Eliot wave. The 38.2 fib was support and now is going to act as resistance. I'm watching the 1 hr and 4 hr charts for a signal
Attached Image (click to enlarge)
Click to Enlarge Name: 032610-nt.gif Size: 54 KB
  • #22,136
  • Mar 28, 2010 10:15pm Mar 28, 2010 10:15pm
Hi all, does Europe has day light savings? Do I need to reduce an hour in Asia if I were trading EURUSD?
  • #22,137
  • Mar 29, 2010 12:26am Mar 29, 2010 12:26am
Quoting wuming79
Hi all, does Europe has day light savings? Do I need to reduce an hour in Asia if I were trading EURUSD?
Yes, Europe has day light savings. As far as I understand it must be automatically done in the MT4. You only have to add an hour if you are reading news in GMT.
  • #22,138
  • Mar 29, 2010 12:37am Mar 29, 2010 12:37am
Quoting baco75
So what I am suggesting is to take a screen shot right when we do an entry and then post that chart along with the after_the_fact chart.
Been there, done that.

I am trading Phillip's strategy for 3 years, so my trading is very advanced. I usually take trades before the signal, I can go to 1h to find a better entry etc. Phillip asked us to keep the forum in its pure form, so that new people can learn. That's why I don't often post my trades here, although I trade almost every day.

I've got nothing to hide. I have a blog where I post my trades at the end of the day, I can send you my detailed statment, but don't try to look for easy ways, because there are no. You can sit with the fisherman and eat his fish, but when he goes out, you will starve. Open trades, make mistakes, learn, open trades, make mistakes, learn ....
  • #22,139
  • Mar 29, 2010 12:44am Mar 29, 2010 12:44am
Quoting osirisisis
Anyone know how to shut off the alerts on the 4 hour macd indicator?
I have the one without signal alerts.
Attached File(s)
File Type: mq4 MACDColoredv102decimal.mq4   6 KB | 326 downloads
File Type: mq4 MACDcoloredv102.mq4   6 KB | 391 downloads
File Type: ex4 MACDcoloredv102.ex4   7 KB | 310 downloads
  • #22,140
  • Mar 29, 2010 3:08am Mar 29, 2010 3:08am
Quoting ira
Been there, done that.

I am trading Phillip's strategy for 3 years, so my trading is very advanced. I usually take trades before the signal, I can go to 1h to find a better entry etc. Phillip asked us to keep the forum in its pure form, so that new people can learn. That's why I don't often post my trades here, although I trade almost every day.

I've got nothing to hide. I have a blog where I post my trades at the end of the day, I can send you my detailed statment, but don't try to look for easy ways, because there are no. You can sit with...
Hi ira, may I know the website to your blog? :-)
9 traders viewing now