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4 Hour Strategy (MACD)

  • #22,901
  • May 29, 2010 12:19pm May 29, 2010 12:19pm
Hi everyone,

As far as I know, Phil has never tried to promote the H4 MACD system as a commercial product.

Do you think we could ask, with Phil's permission, the Forum Administration to move this thread back to the Trading System thread ?

I know "Craig Harris Stochastic System" starts by BigE has been moved back to "Trading System" even though Craig Harris (a different person) is
selling mentor program at 6000/yr for the system.
  • #22,902
  • May 29, 2010 6:27pm May 29, 2010 6:27pm
That is a very good idea !! Phil has to agree and then Twee here at FF has to agree.
  • #22,903
  • May 29, 2010 10:00pm May 29, 2010 10:00pm
Very good idea, I would like to get Phillip back to his thread. I guess all of us apprechiate his active mentorship.
  • #22,904
  • May 31, 2010 3:03am May 31, 2010 3:03am
http://img14.imageshack.us/img14/9351/eurusd2.th.gif

Hmm...how do you trade this MACD pattern? Can't really if it is BOZ or if it just cut through...
  • #22,905
  • May 31, 2010 5:46am May 31, 2010 5:46am
Quoting ashes
too bad. I was tempted too, but I sat on my hands waiting for the next candle to close.
Yes, sitting on the hands is the hardest part of the trading .
  • #22,906
  • May 31, 2010 5:47am May 31, 2010 5:47am
Quoting davidwu61
Hi everyone,

As far as I know, Phil has never tried to promote the H4 MACD system as a commercial product.

Do you think we could ask, with Phil's permission, the Forum Administration to move this thread back to the Trading System thread ?
Great idea! What should we do?
  • #22,907
  • May 31, 2010 8:43am May 31, 2010 8:43am
I agree,Phils input on this thread has always been great and i have never seen any promotions done by Phil on this thread.So it would be brilliant to have phil back on this thread.
  • #22,908
  • Edited Jun 1, 2010 3:37am May 31, 2010 10:31am | Edited Jun 1, 2010 3:37am
I'm thinking about entering short on eu at candle close in about 1,5h if it closes below the tl, in anticipation for the asian session to sell the euro.
price has made it to 89 and bounced off of it. came back below 8/21 and struggled at this ma level, so one could interpret it as resistance. then it went through the tl. if the price remains below tl, I think one could enter. sl will be around 1,2347, above 8/21 and the last mini high, tp 1r
what I don't like about it is a flat macd.

edit:
short as planned @1,2289, r=60

edit:
sl set to be after +0,5r had been reached
sl hit

short still seems to be realistic since price bounced off 21 ema after the tl break. I'll see if I enter on 1h or order at close of down candle @1,2255, r=57 (arow)

edit:
order triggered, price reached +0,5r. sl set to be, tp lower tl at 1,5r

edit:
tp hit

looking for an 1h entry for the break of the low
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h 30.5.10.gif Size: 14 KB
Click to Enlarge Name: eu 4h 1.6.10.gif Size: 15 KB
  • #22,909
  • May 31, 2010 7:54pm May 31, 2010 7:54pm
The MACD is so flat, sometimes I don't know if a BOZ happened or not...but the trendline break is quite obvious. How reliable is trading off trend line break so far? Any one has statistics?
  • #22,910
  • Edited 4:06pm Jun 2, 2010 2:56am | Edited 4:06pm
I have placed two short orders acording to signal candles marked by arrow.

both, eu and aud have shown a bounce off the 21ema at signal candle. it could get bumpy, that's why I'm going to move sl to be as soon as +0,5r has been reached

eu short@1,2205, r=66, tp=1,5r

aud short@0,8297, r=99, tp=1,5r

edit:
eu order cancelled, since price has reached sl mark

edit:
aud short order hit

edit:
aud sl hit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h 2.6.10.gif Size: 15 KB
Click to Enlarge Name: aud 4h 2.6.10.gif Size: 13 KB
  • #22,911
  • Jun 2, 2010 4:39am Jun 2, 2010 4:39am
The EURUSD MACD is going flat again....
  • #22,912
  • Jun 2, 2010 5:29am Jun 2, 2010 5:29am
I see trading opportunity in AUDUSD. Only concern I have are the tails underneath. Any comments welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.gif Size: 20 KB
  • #22,913
  • Jun 2, 2010 6:12am Jun 2, 2010 6:12am
Quoting silverfox88
I see trading opportunity in AUDUSD. Only concern I have are the tails underneath. Any comments welcome.
I have a short order open on this pair, as posted above. speculating on the support break. concerns are part of this, since price moves without clear direction on eu but not as much on aud. so we shall see ...
  • #22,914
  • Jun 2, 2010 7:15am Jun 2, 2010 7:15am
Quoting ashes
I have a short order open on this pair, as posted above. speculating on the support break. concerns are part of this, since price moves without clear direction on eu but not as much on aud. so we shall see ...
Ops... didn't see your chart above I will wait for further confirmation before entering. But if the signal doesn't come till tomorrow, I will give it a miss due to this Friday is non farm payroll.

Good luck to you !
  • #22,915
  • Jun 2, 2010 7:35am Jun 2, 2010 7:35am
Hey folks...

I have to take some time off to deal with a lot of family stuff right now. To make a long story short, your parents are there to take care of you when you are growing up but at some point that role is reversed and it is now up to the children to take care of the parents.

Everyone is healthy and doing fine but I just have a lot of lose ends to tie up that can take a few months to get through. I haven't even looked at a chart the past two weeks or so.

So, for now my trading will be limited to writing covered calls here and there.

Trade well...
  • #22,916
  • Jun 2, 2010 2:41pm Jun 2, 2010 2:41pm
Hi Phillip,
I don't know if you've answered this already but can you actually use your method in a different time frame, say the daily or 1H?

txs
  • #22,917
  • Jun 2, 2010 5:56pm Jun 2, 2010 5:56pm
Quoting Palmer
Hey folks...

I have to take some time off to deal with a lot of family stuff right now. To make a long story short, your parents are there to take care of you when you are growing up but at some point that role is reversed and it is now up to the children to take care of the parents.

Everyone is healthy and doing fine but I just have a lot of lose ends to tie up that can take a few months to get through. I haven't even looked at a chart the past two weeks or so.

So, for now my trading will be limited to writing covered calls here and there.

Trade...
Hi Palmer,

Family should always have the first priority. Go settle your personal stuff first and join us again. FYI, you didn't miss out much during your absent. Seems like the market is under consolidation phrase.

Take care !
  • #22,918
  • Jun 2, 2010 5:57pm Jun 2, 2010 5:57pm
Quoting zukies
Hi Phillip,
I don't know if you've answered this already but can you actually use your method in a different time frame, say the daily or 1H?

txs
Hi Zukies,

You can find all the answer by reading the pdf files and listen to Phillip mp3. As for your question, yes, Phillip method works on all time frame.
  • #22,919
  • Edited Jun 3, 2010 3:44am Jun 2, 2010 7:31pm | Edited Jun 3, 2010 3:44am
I am taking the macd round top on UJ because of bounce off 200 and 365 and also top of channel.

EDIT : Got stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: uj4hr.gif Size: 20 KB
  • #22,920
  • Jun 3, 2010 1:30am Jun 3, 2010 1:30am
This is Phil's H4 MACD system, but I have combined MTF info into one M15 chart, as I explained in a previous post..

All moving averages and MACD for different time frames appear in one M15 chart.

Red dashed line ( M5 EMA 21)
Red line ( M15 EMA 21 aka M5 SMA 89)
Orange line ( H1 EMA 21 aka M15 SMA 89)
Gold line (H4 EMA 21 aka M60 SMA 89)
White line (Dayly EMA 21)

1st MACD : M15 MACD (5, 13, 6)
2nd MACD : H1 MACD (5, 13, 6)
3rd MACD : H4 MACD (5, 13, 6)

With this there is no need to switch back and forth between differnt time frames. Also, entry using lower time frame gives one more control.

Another advantage is that one can easily tell when momentum (indicated by the MACD's) of all 3 different time frames aligned with each other.

For anyone who thinks it may be useful, I have attached template and indicators in the zip file below.

Attached File(s)
File Type: zip MACDH4.zip   17 KB | 640 downloads


Example Screen Layout (gray block indicates London Session)

Attached Image (click to enlarge)
Click to Enlarge Name: macd.gif Size: 38 KB
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