4 Hour Strategy (MACD) | Page 1127 | 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)

  • #22,521
  • Edited 7:01am May 4, 2010 6:31am | Edited 7:01am
Quoting silverfox88
Care to share what do you mean by Capacitive is more responsive but less accurate than resistive touch screen?
Replied via PM to avoid cluttering up the thread.

Half hour more to candle close. Looking to short EJ furthur if it closes below 50% fibo line.

Edit: Looks like EJ is rebounding off 23.6% fibo. Will not enter trade. sl is too far and tp is too near. EU is past previous low. No trade either.
  • #22,522
  • May 4, 2010 7:47am May 4, 2010 7:47am
Hello People,

This might be a very lame question, forgive me. I would like to know is anyone/everyone trading Phil Nels method and has anyone bought his combo box system from his website. I sent an email and i had no reply from him. Also, it is very difficult to read all the posts and filter the posts important about the system, i will be here for ages reading everything. So i guess i like to hear from someone about this system and what excatly do i need to download or purchase. I would really appreciate the help.
Thank you in advance.
  • #22,523
  • May 4, 2010 8:04am May 4, 2010 8:04am
Hi Spunkyone,
as for the combobox I don't know. But if you work through Philips lessons and audiofiles on this thread you should be able to obtain a good foundation for your trading. I believe all the contributors of the thread are trading according to the market rhythm rules.
Regards
  • #22,524
  • May 4, 2010 8:49am May 4, 2010 8:49am
closed my gu trade manually 10 pips before trigger in fear of a bounce from lower range tl = +90 pips
  • #22,525
  • May 4, 2010 8:54am May 4, 2010 8:54am
Quoting spunkyone
Hello People,

This might be a very lame question, forgive me. I would like to know is anyone/everyone trading Phil Nels method and has anyone bought his combo box system from his website. I sent an email and i had no reply from him. Also, it is very difficult to read all the posts and filter the posts important about the system, i will be here for ages reading everything. So i guess i like to hear from someone about this system and what excatly do i need to download or purchase. I would really appreciate the help.
Thank you in advance.

I guess you can start by downloading everything on page 1. It's very informative. After that, start to paper trade. I'm paper trading now. 3 months, I see lots of opportunities missed, and also a lot of wrong choice. I think the impt thing is to stick to the system and refine it.
  • #22,526
  • May 4, 2010 10:26am May 4, 2010 10:26am
Quoting silverfox88
Hi Yuan83,

Good note on battery, will need to get one pretty soon with strong battery life.

hmm, i dunno if it's a HTC problem or cos i on too many programs or i didnt charge fully on my 1st usage. cos my previous HTC also has a pretty short life. i need to charge daily! as for FX, i think my phone can last at most 3-4 hrs with e program on.. but according to my bro's omnia, think it last prob just as long. guess the program is battery intensive.
  • #22,527
  • May 4, 2010 4:38pm May 4, 2010 4:38pm
A little off topic, but the US stock market lost a lot of value. If you believe or are an Eliot wave theorist then we have just completed a zig zag A wave correction. What this possibly means is that the market is at least going down to the previous lows a year in a half ago. What does this mean for us currency traders. Basically when people get scared they invest in the USD, typically. But, this is just theory. Make sure the market technical show you the same before you jump in. Today I was not in the currency market as I watched the USD strengthen a lotttttttttttttt! But I'm going to wait for a valid entry.
Raymond
  • #22,528
  • May 4, 2010 4:53pm May 4, 2010 4:53pm
friggin' insane 240 pips drop of eu .... can't wait to get a good entry on a corrective move. but on macd divergece only ... waiting, waiting ....
  • #22,529
  • May 4, 2010 7:11pm May 4, 2010 7:11pm
Quoting ashes
friggin' insane 240 pips drop of eu .... can't wait to get a good entry on a corrective move. but on macd divergece only ... waiting, waiting ....
RB forming on EU and EJ. Waiting for candle close to confirm.
  • #22,530
  • May 4, 2010 7:27pm May 4, 2010 7:27pm
Quoting AlwaysLearn
RB forming on EU and EJ. Waiting for candle close to confirm.

hmm is there a bullish divergence? not from wad i see. i will think eU 1300 should hold based on 76.8 fib of previous monthly up move. but going LONG is a bit counter trend
  • #22,531
  • May 4, 2010 7:45pm May 4, 2010 7:45pm
Quoting yuan83
hmm is there a bullish divergence? not from wad i see. i will think eU 1300 should hold based on 76.8 fib of previous monthly up move. but going LONG is a bit counter trend
There was, but now there isn't. The RB is gone, which is why waiting for candle close before entering trade is good. Patience is very important. As I am doing demo trading now, I find it easy to hold off entering a trade. Hope to maintain that when trading live.
  • #22,532
  • May 4, 2010 7:53pm May 4, 2010 7:53pm
Quoting spunkyone
Hello People,

This might be a very lame question, forgive me. I would like to know is anyone/everyone trading Phil Nels method and has anyone bought his combo box system from his website. I sent an email and i had no reply from him. Also, it is very difficult to read all the posts and filter the posts important about the system, i will be here for ages reading everything. So i guess i like to hear from someone about this system and what excatly do i need to download or purchase. I would really appreciate the help.
Thank you in advance.
I think most people here is trading the 4hr MACD method. Of course, each trader will input their unique analysis of the pattern that is appearing on their screen and they will have different indicators apart from the standard ones that Phillip Nel suggested.

For me, I just started this method two weeks back and still learning. Start by downloading everything on post 1 as recommended by wuming79. Then read through the first 300 pages as recommended by Phillip Nel in post 1. By then, you will have an understanding of the 4hr MACD method. Then for more information, you may want to go to Palmer's website, url found in signature of Palmer.

Then start doing backtesting from charts before proceed to do demo trading.

If I have given wrong advice, please correct me as the above was the route I took.
  • #22,533
  • May 4, 2010 9:07pm May 4, 2010 9:07pm
hi, everyone

EU is approaching an important support line which formed from subprime crisis and later, I think price would be supported at this level with a consolidation period before cracking down to 1.27 level.

From fundermental anaysis. 7 years big cyclical period of bearish dollar was finished at 2008, maybe dolloar will start another 7-year bullish trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 34 KB
Plan your trades and trade your plans
  • #22,534
  • Edited May 5, 2010 3:18am May 4, 2010 10:57pm | Edited May 5, 2010 3:18am
Quoting saka
hi, everyone

EU is approaching an important support line which formed from subprime crisis and later, I think price would be supported at this level with a consolidation period before cracking down to 1.27 level.

From fundermental anaysis. 7 years big cyclical period of bearish dollar was finished at 2008, maybe dolloar will start another 7-year bullish trend.
Hi Saka. Thanks for pointing that out. Although most USD pairs are currently at support, if the stockmarkets keep falling then the support levels won't mean very much. There will be shallow retraces and then the downtrend will continue. Remember August to October 2008 when every support level got broken for EU ?
  • #22,535
  • May 4, 2010 11:01pm May 4, 2010 11:01pm
Very tempted to enter a long trade on EJ now. Beginning of a RB is seen, Bear trend is slowing down. Must practice patience and wait for next candle to confirm on MACD. It's the same on EU also.

Edit: I think I am hoping too much that Euro will rebound and keep turning any signal into a long signal. Time to recondition my thinking into neutral.
  • #22,536
  • May 5, 2010 1:27am May 5, 2010 1:27am
Quoting AlwaysLearn
Very tempted to enter a long trade on EJ now. Beginning of a RB is seen, Bear trend is slowing down. Must practice patience and wait for next candle to confirm on MACD. It's the same on EU also.

Edit: I think I am hoping too much that Euro will rebound and keep turning any signal into a long signal. Time to recondition my thinking into neutral.
support there . good for a short term trade to 8ema or sth
  • #22,537
  • May 5, 2010 2:51am May 5, 2010 2:51am
Quoting yuan83
support there . good for a short term trade to 8ema or sth
What a retracement to 8MA before continuation on downtrend for the EJ! 10 more minutes to candle close. No signals given on MACD.
  • #22,538
  • May 5, 2010 4:26am May 5, 2010 4:26am
Hi All,

I have been trading 4 hours MACD stratergy with mixed results.Now i am confused about stop loss.Do we put stop loss at the high or low of previous candle or previous high or low(which would make stop loss big and risk rward ratio unfavorable)?
Any suggestions would be appreciated.

Regards
  • #22,539
  • May 5, 2010 5:27am May 5, 2010 5:27am
Quoting xeneric
Hi Saka. Thanks for pointing that out. Although most USD pairs are currently at support, if the stockmarkets keep falling then the support levels won't mean very much. There will be shallow retraces and then the downtrend will continue. Remember August to October 2008 when every support level got broken for EU ?
Agreed. But 2008 is very special for important banks bankruptcy, will downtrend of stock market be same like 2008? Meanwhile, it 6th consecutive monthly gain of us dollar index, it has high probablity to become bear in June.
Plan your trades and trade your plans
  • #22,540
  • May 5, 2010 5:28am May 5, 2010 5:28am
Quoting forexdoctor
Hi All,

I have been trading 4 hours MACD stratergy with mixed results.Now i am confused about stop loss.Do we put stop loss at the high or low of previous candle or previous high or low(which would make stop loss big and risk rward ratio unfavorable)?
Any suggestions would be appreciated.

Regards
I place stoplosses around previous highs/lows that confirmed the down/uptrend. like on both of my trades this week I placed the sl above the shadow that touched the 8 ema(eu) and 21ema(gu). if the riskreward ratio to the planned take profit level is not acceptable, then I don't take the trade.
56 traders viewing now