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4 Hour Strategy (MACD)

  • #23,181
  • Jul 17, 2010 5:35am Jul 17, 2010 5:35am
Quoting saka
Dear henry,

After reading some of your posts, I find that you have a typical mistake that a newbie often makes when learning this strategy. This is the concern on divergency and doing CT trades!

Remember, not only traditional strategy but also Phillip's encourage people to catch the trend, not counter it! Newbies are trading divergency but seasoned traders are finding prices' stalling to catch the trend and cut their position when divergency is coming.

The advantage of Phillip's 4h MACD Strategy is its MAs pattern and a more sensitive...

Nice insight Saka... Thank you for sharing your thoughts. I'll try to catch the trend in my next trade...
  • #23,182
  • Edited 9:36am Jul 19, 2010 5:15am | Edited 9:36am
midssed to short audusd at candle close, so I place short order

@0,8693, r=50, tp=1,5r

will cancel order if price reaches r=0,5r

edit:

order triggered, it's on

edit:
0,5r reached, 1/4 tp taken, sl set to be

edit:
sl be hit
Attached Image (click to enlarge)
Click to Enlarge Name: aud 4h 19.7.10.gif Size: 13 KB
  • #23,183
  • Jul 19, 2010 5:24am Jul 19, 2010 5:24am
Quoting ashes
midssed to short audusd at candle close, so I place short order

@0,8693, r=50, tp=1,5r

will cancel order if price reaches r=0,5r

Hi Ashes,

I am in that trade too. Aiming for .8500 level.
  • #23,184
  • Jul 19, 2010 5:33am Jul 19, 2010 5:33am
Quoting xeneric
Hi Ashes,

I am in that trade too. Aiming for .8500 level.
Good luck, Xeneric.
my order has not yet gotten triggered, but I might enter on 1h tf soon.
  • #23,185
  • Jul 19, 2010 10:48am Jul 19, 2010 10:48am
http://jpegshare.net/thumbs/2f/e6/2f...5677d4a094.jpg
  • #23,186
  • Jul 19, 2010 1:39pm Jul 19, 2010 1:39pm
EUR/USD sell at 1.2944 on the close of candle S/L 2984 T/P2904.
MACD shows perfect sHs
  • #23,187
  • Jul 20, 2010 2:42am Jul 20, 2010 2:42am
Quoting zizy
EUR/USD sell at 1.2944 on the close of candle S/L 2984 T/P2904.
MACD shows perfect sHs
Latest update. MACD sHs not failed after TC pattern formed. But EURUSD reversed again with shooting star in the making.....

Is this system still working? Or did I miss something else? Should I wait for EURUSD to enter the 21ma and 8ma zone before taking any TC signals?
  • #23,188
  • Edited 6:01am Jul 20, 2010 3:00am | Edited 6:01am
shorting usdjpy @86,86, r=40

edit:
trade didn't perform well
closed manually be
Attached Image (click to enlarge)
Click to Enlarge Name: uj 4h 20.7.10.gif Size: 14 KB
  • #23,189
  • Edited 9:55am Jul 20, 2010 4:14am | Edited 9:55am
shorting gu @1,5231, r=85

bounce off 21ema

edit:
1/4 tp @0,5r, sl to be

edit:
sl be hit
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4h 20.7.10.gif Size: 13 KB
  • #23,190
  • Edited 8:38am Jul 20, 2010 5:08am | Edited 8:38am
long usdcad @1,0525, r=55

bounce off 21/89

edit:
missed 0,5r for 2pips, trade set be

edit:
news have killed the trade, sl be hit

now price moves up again ...
Attached Image (click to enlarge)
Click to Enlarge Name: cad 4h 20.7.10.gif Size: 14 KB
  • #23,191
  • Jul 20, 2010 5:37am Jul 20, 2010 5:37am
Quoting ashes
shorting usdjpy @86,86, r=40
Hi Ashes,

I noticed you are ignoring MACD. Is Phillip strategy working without MACD in trendless market?
  • #23,192
  • Jul 20, 2010 6:04am Jul 20, 2010 6:04am
Quoting silverfox88
Hi Ashes,

I noticed you are ignoring MACD. Is Phillip strategy working without MACD in trendless market?
the way I understand Philips strategy, it is not macd based, but works with the pricerhythm around the moving averages. macd is just a confirmation which sometimes lags.
  • #23,193
  • Jul 20, 2010 6:49am Jul 20, 2010 6:49am
Quoting ashes
the way I understand Philips strategy, it is not macd based, but works with the pricerhythm around the moving averages. macd is just a confirmation which sometimes lags.
Nice trade ashes...
  • #23,194
  • Jul 20, 2010 7:55am Jul 20, 2010 7:55am
People expecting CAD to raise its interest rates that's why I pass this time...
Hope that you manage pocketing some pips ashes...
  • #23,195
  • Jul 20, 2010 8:39am Jul 20, 2010 8:39am
Quoting hammerhead
People expecting CAD to raise its interest rates that's why I pass this time...
Hope that you manage pocketing some pips ashes...
well, I took 1/4 tp at 0,5r ... but then instead of a linear rise the news started confusion to trigger sl be
  • #23,196
  • Jul 20, 2010 9:22am Jul 20, 2010 9:22am
Quoting wuming79
Latest update. MACD sHs not failed after TC pattern formed. But EURUSD reversed again with shooting star in the making.....

Is this system still working? Or did I miss something else? Should I wait for EURUSD to enter the 21ma and 8ma zone before taking any TC signals?
price was near level 1.3000, previous candles found resistance at this level, for this reason I did not take the TC and keep waiting a formation of sHs.
  • #23,197
  • Jul 20, 2010 12:06pm Jul 20, 2010 12:06pm
nice macd double bottom
quick 35pips
half closed & stop on BE
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
  • #23,198
  • Jul 20, 2010 12:45pm Jul 20, 2010 12:45pm
my chart look like this, MACD - higher low

already have earned 54 pts
Attached Image (click to enlarge)
Click to Enlarge Name: 321.gif Size: 35 KB
  • #23,199
  • Jul 20, 2010 1:05pm Jul 20, 2010 1:05pm
nice trade zizy
ascending divergence and nice hammer overconfirm the higher low !
  • #23,200
  • Jul 20, 2010 11:59pm Jul 20, 2010 11:59pm
Quoting ashes
the way I understand Philips strategy, it is not macd based, but works with the pricerhythm around the moving averages. macd is just a confirmation which sometimes lags.
Thanks for the input Ashes. Wish you a profitable weeks ahead !
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