4 Hour Strategy (MACD) | Page 1124 | 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)

  • #22,461
  • Edited 9:49am May 2, 2010 6:05am | Edited 9:49am
Hi all,
after having been absent to this thread for more than two years I want to announce than I come back trading and posting trades of Philip Nels 4h market rhythm strategy. maybe my odyssee through many tradingstyles and timeframes, some of which I still trade, will be of help for a better understanding of this great system I originally started trading with.
gu and eu are the pairs I use.
Regards
  • #22,462
  • May 2, 2010 6:30am May 2, 2010 6:30am
so here's my end of the week analysis

eu is currently in a sort of descending broadening wedge formation
it is possible that the upper tls will be set under pressure. by then I'll check on market rhythm to find an entry.
first possible target would be around 89/200sma

gu ranges since april with a slightly descending upper trendline. since the 200sma had been crossed by the end of march, it had been repetitively set under pressure with the first attempt to cross it last week.
the price has recovered from this attept and is actually squeezed inbetween 89 and 200 sma. a difficult setup to trade so I wait and see. a test of the lower trendline could be possible
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h 2.5.10.gif Size: 14 KB
Click to Enlarge Name: gu 4h 2.5.10.gif Size: 14 KB
  • #22,463
  • May 2, 2010 10:50am May 2, 2010 10:50am
Quoting ashes
Hi all,
after having been absent to this thread for more than two years I want to announce than I come back trading and posting trades of Philip Nels 4h market rhythm strategy. maybe my odyssee through many tradingstyles and timeframes, some of which I still trade, will be of help for a better understanding of this great system I originally started trading with.
gu and eu are the pairs I use.
Regards
hi ashes, sorry didnt know who are u but welcome back! just out of curiosity, u took a break from trading?
  • #22,464
  • May 2, 2010 12:37pm May 2, 2010 12:37pm
Quoting yuan83
hi ashes, sorry didnt know who are u but welcome back! just out of curiosity, u took a break from trading?
thank you, Yuan. I've been trading other methods during the last years and I still trade other methods. Philiips 4h strategy of market rhythm has left an intriguing impression on me, that's why I'm back.
  • #22,465
  • May 2, 2010 2:48pm May 2, 2010 2:48pm
Quoting ashes
thank you, Yuan. I've been trading other methods during the last years and I still trade other methods. Philiips 4h strategy of market rhythm has left an intriguing impression on me, that's why I'm back.
Hey Ashes, nice to see you!!! Looking forward to your posts.
  • #22,466
  • May 2, 2010 3:23pm May 2, 2010 3:23pm
ashes, good to 'see you' again as well!!

my father had a very minor stroke a few weeks ago, he's ok, just a few short term memory issues that we have to work on, that's where i've been. now i might have to take part in the oil spill situation i the gulf that is heading towards my beach and off to a meeting for three days for work tomorrow. going to be dropping by sporadically until all of this settles out...

for the EU, per the method a break and close above the 21, then back down to it, then on it's way back towards the break direction...if the trend up conitues we might get to the 89/200....what ashed said

have a good week everyone...
Attached Image
  • #22,467
  • May 2, 2010 7:40pm May 2, 2010 7:40pm
Hi Everyone,

I hope you all had a good weekend. Sorry to hear about your father, Palmer. Welcome and looking forwards to your posts Ashes.

Am I the only one who thinks that EU is falling ? When I saw the evening star (arrow) bounce off the 50 SMA (not one of Phil's moving averages), I decided to take a short again. However when the Asian session opened, the Sunday bar opened higher. I took a short there. It is now at about the same level as the close on Friday. Anyway, I am up 59 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4hr.gif Size: 15 KB
  • #22,468
  • May 2, 2010 7:50pm May 2, 2010 7:50pm
Quoting xeneric
Hi Everyone,

I hope you all had a good weekend. Sorry to hear about your father, Palmer. Welcome and looking forwards to your posts Ashes.

Am I the only one who thinks that EU is falling ? When I saw the evening star (arrow) bounce off the 50 SMA (not one of Phil's moving averages), I decided to take a short again. However when the Asian session opened, the Sunday bar opened higher. I took a short there. It is now at about the same level as the close on Friday. Anyway, I am up 59 pips.
nice pips. think it's a resistance level to hold
  • #22,469
  • May 2, 2010 7:56pm May 2, 2010 7:56pm
I want to remind everyone that this week we have Non Farm Payroll on Friday. Tomorrow, we have RBA (AUD) rate decision and on Thursday we have the ECB (Euro) rate decision.
  • #22,470
  • May 2, 2010 7:57pm May 2, 2010 7:57pm
Quoting yuan83
nice pips. think it's a resistance level to hold
Thanks Yuan. How are you going ? I hope you are making some nice pips too this week. I hope that everyone makes some nice pips this month. We are beginning a new month of trading so good luck.
  • #22,471
  • May 2, 2010 8:29pm May 2, 2010 8:29pm
Hi All, I shorted the EURUSD when the MACD 4 HR turned red at the downtrend resistance. I thought if it gaps up, my risk will be lowered. It's quite a roller coaster but I'm up about 70+ pips now.

http://img526.imageshack.us/img526/1516/demo.gif

Uploaded with ImageShack.us
  • #22,472
  • May 2, 2010 8:33pm May 2, 2010 8:33pm
Quoting wuming79
Hi All, I shorted the EURUSD when the MACD 4 HR turned red at the downtrend resistance. I thought if it gaps up, my risk will be lowered. I'm quite a roller coaster but I'm up about 70+ pips now.

http://img526.imageshack.us/img526/1516/demo.gif

Uploaded with ImageShack.us
Good, we are in it together. I like your chart. It is very clear. I am up 89 pips.
  • #22,473
  • Edited 8:46pm May 2, 2010 8:36pm | Edited 8:46pm
Quoting xeneric
I want to remind everyone that this week we have Non Farm Payroll on Friday. Tomorrow, we have RBA (AUD) rate decision and on Thursday we have the ECB (Euro) rate decision.
Not only that, we have a UK bank holiday today, Golden week holidays in Japan this week and the UK election is also this week.
  • #22,474
  • May 2, 2010 8:42pm May 2, 2010 8:42pm
Quoting xeneric
Thanks Yuan. How are you going ? I hope you are making some nice pips too this week. I hope that everyone makes some nice pips this month. We are beginning a new month of trading so good luck.
haha e week just started! last month is gd. yea pips pips n more pips!
  • #22,475
  • May 2, 2010 8:46pm May 2, 2010 8:46pm
Hi everyone. New month starting and everyone is off to a good start. Those who shorted should have at least 50 pips profit by now. Anyone care to share their first tp level?
  • #22,476
  • May 2, 2010 8:51pm May 2, 2010 8:51pm
Quoting AlwaysLearn
Hi everyone. New month starting and everyone is off to a good start. Those who shorted should have at least 50 pips profit by now. Anyone care to share their first tp level?
Closed half at 1.3220 for 100 pips. Set other half to run with S/L at B/E+50 pips. Have to go now so can't stay and watch trade.
  • #22,477
  • May 2, 2010 8:58pm May 2, 2010 8:58pm
Quoting xeneric
Will close half soon at around 1.32 level.
20+ more pips to go then. I see that EU should go down furthur as in all timeframes, the bulls do not have much control. The bears are leading all the candles.

Do you people keep trades for long term? I know that if using MACD strategy, it will most likely be closed within a week. What's the maximum drawdown on your account at any time?
  • #22,478
  • May 2, 2010 9:47pm May 2, 2010 9:47pm
Quoting AlwaysLearn
20+ more pips to go then. I see that EU should go down furthur as in all timeframes, the bulls do not have much control. The bears are leading all the candles.

Do you people keep trades for long term? I know that if using MACD strategy, it will most likely be closed within a week. What's the maximum drawdown on your account at any time?
Thanks for your questions. They always make me think hard and are very helpful. In response to last Friday's question, yes I should have waited for EU price to close below the 8 EMA before I placed my trade.

Generally I keep trades from a few hours to 2 days but rarely over 1 day as I sleep during the US session and that is very volatile.
  • #22,479
  • May 2, 2010 10:08pm May 2, 2010 10:08pm
Quoting xeneric
Thanks for your questions. They always make me think hard and are very helpful. In response to last Friday's question, yes I should have waited for EU price to close below the 8 EMA before I placed my trade.

Generally I keep trades from a few hours to 2 days but rarely over 1 day as I sleep during the US session and that is very volatile.
Thanks for your confirmation that I am not asking stupid questions. Now a hammer has formed in the EU 1hr. SHows bulls are trying to regain control. But then, you have got 100 pips in the bank and another 30 to come should the trend reverse. Your current trade is a very good one, excellent R:R and exit strategy. Now, I have to see if I can do what you did.
  • #22,480
  • May 2, 2010 10:37pm May 2, 2010 10:37pm
Quoting AlwaysLearn
Thanks for your confirmation that I am not asking stupid questions. Now a hammer has formed in the EU 1hr. SHows bulls are trying to regain control. But then, you have got 100 pips in the bank and another 30 to come should the trend reverse. Your current trade is a very good one, excellent R:R and exit strategy. Now, I have to see if I can do what you did.
No they are not stupid questions. It takes time to learn forex.
15 traders viewing now