4 Hour Strategy (MACD) | Page 1121 | 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)

  • #22,401
  • Apr 28, 2010 2:51am Apr 28, 2010 2:51am
Quoting silverfox88
[color=black][font=Verdana]I have a bad month for April especially this week. I think my loss is about 450 pips and I also had 4 lousy trades in a row. Luckily, I am still trading using mini lots, so the losses are still bearable. However, my confidence level has been very badly hit and I am starting to feel if I am suitable for trading. My ultimate goal is to become a full time trader but looking at my result, it doesn’t seem possible. I guess part of the reason is because my trading experience in Phillip system is not mature yet. Another big enemy...

ok fellow sg. lol .. well it's ok i lost my 1st live account in 1 mth. lol. but not using this system. ok i didn't even have a system then! actually i chance upon this system via some download link and it's really by luck i chance upon the real thread here in FF. i was actually using this but well i wasnt really doing it correctly then..

haha i also wanted to become a full time trader! but well ur nick seem to say u are 22 this year? or m i wrong. well well... guess u overtrade. ok i dunno if u did, but maybe u can post e trades u took here and share with us, i m sure the ppl here will help u analyse too. it's gd if there are ppl to help
  • #22,402
  • Apr 28, 2010 2:58am Apr 28, 2010 2:58am
Quoting yuan83
eh omg. i am from SG too!!! hahaahaha
Wow. If you are 1983, then you are younger than me.

Candle about to close for my broker. MACD shows a TC short signal for EU 4hr for now. It is a bordering on TC or RB signal. Will wait for clearer signal and skip this trade.

On the other pair, EJ, RB signal is given even though this 4hr candle is bearish. Going to take a long trade if candle closes above 123.05. tp at 123.58, 23.6% fib line. sl at 122.73, candle's lowest. R:R ratio above 1.

Comments?

Edit: Candle has closed at 122.96. Will skip this trade also.
  • #22,403
  • Apr 28, 2010 3:07am Apr 28, 2010 3:07am
Quoting silverfox88
[color=black][font=Verdana]I have a bad month for April especially this week. I think my loss is about 450 pips and I also had 4 lousy trades in a row. Luckily, I am still trading using mini lots, so the losses are still bearable. However, my confidence level has been very badly hit and I am starting to feel if I am suitable for trading. My ultimate goal is to become a full time trader but looking at my result, it doesn’t seem possible. I guess part of the reason is because my trading experience in Phillip system is not mature yet. Another...
I am sorry that you have had such a bad month. It takes a while to become a good trader and in that time you do learn more patience, discipline and to control your emotions better. Don't despair and don't give up. You will get there.

Meanwhile you could trade with micro lots which are smaller than mini lots. I did that when I first started. You won't lose so much.
  • #22,404
  • Apr 28, 2010 3:09am Apr 28, 2010 3:09am
Quoting yuan83
haha i also wanted to become a full time trader! but well ur nick seem to say u are 22 this year? or m i wrong. well well... guess u overtrade. ok i dunno if u did, but maybe u can post e trades u took here and share with us, i m sure the ppl here will help u analyse too. it's gd if there are ppl to help
Agree. We will all try and help.
  • #22,405
  • Apr 28, 2010 3:11am Apr 28, 2010 3:11am
Quoting xeneric
I am sorry that you have had such a bad month. It takes a while to become a good trader and in that time you do learn patience, discipline and to control your emotions. Don't despair and don't give up. You will get there.

Meanwhile you could trade with micro lots which are smaller than mini lots. I did that when I first started. You won't lose so much.
The broker I am using, Gain, only got mini and standard. But I can put 0.01 lot per trade. Is that considered micro? Also, to open the account, you need to set a base currency. Gain only has EUR, USD or GBP. Which do you recommend?
  • #22,406
  • Apr 28, 2010 3:19am Apr 28, 2010 3:19am
Quoting AlwaysLearn
The broker I am using, Gain, only got mini and standard. But I can put 0.01 lot per trade. Is that considered micro? Also, to open the account, you need to set a base currency. Gain only has EUR, USD or GBP. Which do you recommend?
USD may be better. If EU and GU keep falling the way they are, then USD will get stronger over time so it will be better to keep your money in USD. Just my 2 cents worth. What do u think Yuan ? Since you are from Singapore, can you recommend something ?

BTW a micro lot is one tenth of a mini lot.
  • #22,407
  • Apr 28, 2010 3:22am Apr 28, 2010 3:22am
Quoting xeneric
I am sorry that you have had such a bad month. It takes a while to become a good trader and in that time you do learn more patience, discipline and to control your emotions better. Don't despair and don't give up. You will get there.

Meanwhile you could trade with micro lots which are smaller than mini lots. I did that when I first started. You won't lose so much.
Hi All,

Thanks for the encouragement! I long EURUSD at 12pm Singapore time base on the following but got knock on 50 pips again! I know this is a countertrend trade and its risky. However, below signals looks so good at the point of entry… Guess I should take a break for the rest of the week...


Morning Star formation
MACD confirmed long
MACD is below 0.45 vertical line
Divergence of MACD
  • #22,408
  • Apr 28, 2010 3:23am Apr 28, 2010 3:23am
Quoting AlwaysLearn
Wow. If you are 1983, then you are younger than me.

Candle about to close for my broker. MACD shows a TC short signal for EU 4hr for now. It is a bordering on TC or RB signal. Will wait for clearer signal and skip this trade.

On the other pair, EJ, RB signal is given even though this 4hr candle is bearish. Going to take a long trade if candle closes above 123.05. tp at 123.58, 23.6% fib line. sl at 122.73, candle's lowest. R:R ratio above 1.

Comments?

Edit: Candle has closed at 122.96. Will skip this trade also.

haha yes i m! how old are u? if u read e Sunday times 2 weeks back? e FX trader is around my age. shucks! are u trading in ur office? lol

it seems like EU is bottoming . can't seem to move lower. some divergence in eU n Ej pair it seems. i would have wait for a short signal though, though i will say e pairs are really low now
  • #22,409
  • Apr 28, 2010 3:25am Apr 28, 2010 3:25am
Quoting xeneric
USD may be better. If EU and GU keep falling the way they are, then USD will get stronger over time so it will be better to keep your money in USD. Just my 2 cents worth. What do u think Yuan ? Since you are from Singapore, can you recommend something ?

BTW a micro lot is one tenth of a mini lot.
hahaha i using ibfx. but if u ask me. best is open an acct in sg n keep in SGD! haha more stable anytime! i tot they were talking abt USD will collapse over time? anw now e SG govt making SGD stronger too. ha
  • #22,410
  • Apr 28, 2010 3:26am Apr 28, 2010 3:26am
Quoting silverfox88
Hi All,
Thanks for the encouragement! I long EURUSD at 12pm Singapore time base on the following but got knock on 50 pips again! I know this is a countertrend trade and its risky. However, below signals looks so good at the point of entry…

Morning Star formation
MACD confirmed long
[color=navy][size=3][FONT=Times...
I would be hesitant to take a long after such a big move down like yesterday. The momentum has to show that the downtrend has slowed down. The Asian session is very deceptive. Just because there is low volume during this session and a small retracement doesn't mean that the trend has changed.
  • #22,411
  • Apr 28, 2010 3:27am Apr 28, 2010 3:27am
Quoting yuan83
hahaha i using ibfx. but if u ask me. best is open an acct in sg n keep in SGD! haha more stable anytime! i tot they were talking abt USD will collapse over time? anw now e SG govt making SGD stronger too. ha

anw there are news in sg. ppl are buying euro n pounds to keep cos they are very low now ha
  • #22,412
  • Apr 28, 2010 3:31am Apr 28, 2010 3:31am
Quoting yuan83
haha yes i m! how old are u? if u read e Sunday times 2 weeks back? e FX trader is around my age. shucks! are u trading in ur office? lol

it seems like EU is bottoming . can't seem to move lower. some divergence in eU n Ej pair it seems. i would have wait for a short signal though, though i will say e pairs are really low now
I am from 82. Yup. Trading in my office. I am the IT admin. So no one to catch me but me.

I would say that EU is going for small DB now. It is now at a new low. EJ should have rebounded by now as the morning star pattern reflected. Signal wasn't clear, if not, I would have placed a long trade. As ira mentioned, trading is not about right or wrong, it's about taking the chance.
  • #22,413
  • Apr 28, 2010 3:34am Apr 28, 2010 3:34am
Quoting yuan83
hahaha i using ibfx. but if u ask me. best is open an acct in sg n keep in SGD! haha more stable anytime! i tot they were talking abt USD will collapse over time? anw now e SG govt making SGD stronger too. ha
I am using Gain because I subscibed to an EA that using that broker to trade EJ. That's why my initial questions and analysis were all on EJ. I also find it easier to enter trades using MT4 which SG brokers do not allow.
  • #22,414
  • Apr 28, 2010 3:38am Apr 28, 2010 3:38am
Quoting xeneric
I would be hesitant to take a long after such a big move down like yesterday. The momentum has to show that the downtrend has slowed down. The Asian session is very deceptive. Just because there is low volume during this session and a small retracement doesn't mean that the trend has changed.
This is another lesson for me. Guess it is going to take sometimes before I can restore my confidence…
  • #22,415
  • Apr 28, 2010 3:40am Apr 28, 2010 3:40am
Quoting yuan83
hahaha i using ibfx. but if u ask me. best is open an acct in sg n keep in SGD! haha more stable anytime! i tot they were talking abt USD will collapse over time? anw now e SG govt making SGD stronger too. ha
I hear that the Singapore economy is doing really well and the SGD is doing well too. Here is chart of USDSGD.
Attached Image (click to enlarge)
Click to Enlarge Name: sgd.gif Size: 20 KB
  • #22,416
  • Apr 28, 2010 3:48am Apr 28, 2010 3:48am
Quoting xeneric
I hear that the Singapore economy is doing really well and the SGD is doing well too. Here is chart of USDSGD.
That's something bad in a certain sense. I desposited to my accound Eur at Eur 1 = Sgd 1.94. Now, if I am to transfer back to Sgd, I would have lost out on the exchange rate.
  • #22,417
  • Apr 28, 2010 4:04am Apr 28, 2010 4:04am
Quoting AlwaysLearn
That's something bad in a certain sense. I desposited to my accound Eur at Eur 1 = Sgd 1.94. Now, if I am to transfer back to Sgd, I would have lost out on the exchange rate.

e money authority just want to make SGD stronger, hence resulting in that drop. i know CMC have fx trading.. i dunno wad platform they use but ya mt4 is gd.. hmmm wad EA is that? is it that gd. ha.


anw wad a day of so much selling, buying will be gd. but even e fact that how euro is suffering now, better dun buy.
  • #22,418
  • Apr 28, 2010 4:21am Apr 28, 2010 4:21am
I made some money with that EA. But I don't want to discuss that in here.

This 4hr candle end will be interesting. To see if RB has formed on EJ and to see the DB on EU.
  • #22,419
  • Apr 28, 2010 5:40am Apr 28, 2010 5:40am
Quoting silverfox88
[color=black][font=Verdana]I have a bad month for April especially this week. I think my loss is about 450 pips and I also had 4 lousy trades in a row. Luckily, I am still trading using mini lots, so the losses are still bearable. However, my confidence level has been very badly hit and I am starting to feel if I am suitable for trading. My ultimate goal is to become a full time trader but looking at my result, it doesn’t seem possible. I guess part of the reason is because my trading experience in Phillip system is not mature yet. Another big enemy...
Dear
I had bad month too. But I made 380 pips in March, which I completely used MACD patterns, especially RB and RT. I ignored TC patterns bcz it didnt worked that month.
April, the month with strong trend. I used RB and RT again and lots of losses.
We should know, in a trend market TC patterns are great.
  • #22,420
  • Apr 28, 2010 6:47am Apr 28, 2010 6:47am
Round bottom has formed on the EJ but too close to the EA line. R:R ratio will be less than 1. No trade.

EU seemed to have rebounded. But sl too far to previous low. No trade.

Comments?
3 traders viewing now