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4 Hour Strategy (MACD)

  • #23,361
  • Sep 17, 2010 9:08pm Sep 17, 2010 9:08pm
Quoting silverfox88
This morning I was thinking to long GBPUSD at the red arrow point when it retrace back to EMA8. Daily has bounce off EMA21 with MACD confirmation. However, MACD in H4 have not confirmed, so I was thinking to wait for 12pm confirmation but the price just fly without me Guess I have to learn to read daily, H4 and H1 for better entry signals...
I missed it too. It moved during the Asian session which is not when I expected it to move.
  • #23,362
  • Edited Sep 18, 2010 6:06am Sep 17, 2010 9:19pm | Edited Sep 18, 2010 6:06am
Ira,

Just read your journal. Congratuations on your GU trade which netted 211 pips and your doubling your money since the beginning of the year. Well done. Now, that's the sort of equity curve that I want ! (Please correct me if I misinterpreted the translation.)
  • #23,363
  • Edited 11:18pm Sep 17, 2010 10:02pm | Edited 11:18pm
Quoting sodeypunk
xeneric, just curious...how long have you been trading this strategy? are you profitable yet? your advices are great.
To be honest, I don't trade purely 4 hr macd so Ira is more qualified to comment on this strategy than me. Also Ira has been trading a long time.
  • #23,364
  • Sep 19, 2010 10:04pm Sep 19, 2010 10:04pm
EURUSD: Bullish

Pattern: TC, BOZ
Candles: bouncing off support, doji, bullish engulfing
TP: anywhere near 1.3140 - 1.3160
SL: below support
new: no significant news

http://forex.sharevine.com/images/EU...1284940800.gif
  • #23,365
  • Sep 19, 2010 10:09pm Sep 19, 2010 10:09pm
Bullish GBPUSD

Risky, there is a diverging macd to the downside

Pattern: TC, BOZ
Candles: bullish engulfing, false breakout to the bottom side. now sitting on support
tp: below the last swing high.. 1.5717
sl: below swing low.. 1.5607
news: no significant news

http://forex.sharevine.com/images/GB...1284940800.gif
  • #23,366
  • Edited Sep 21, 2010 7:26am Sep 20, 2010 8:21am | Edited Sep 21, 2010 7:26am
long usdcad @1,0330, r=50

long usdjpy @85,72, r=40

edit:

cad sl

edit:
usdjpy sl
Attached Image(s) (click to enlarge)
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  • #23,367
  • Sep 21, 2010 5:01am Sep 21, 2010 5:01am
Quoting sodeypunk
Pattern: round top
target: 40 pips @ 8 ema
stop: 50 pips above high of candle
news: no significant news
R:R - 50:40
This RT macd signal is definitely dangerous. If it was my trade, I will only consider CT trade if the candle is doji star (plus with momentum and stochastic indys are at SWING HIGH position). In this case, favouring TC trade is better than CT.

Too bad, GU is not my trade. Just my opinion based on my experience. Nothing else.
  • #23,368
  • Sep 21, 2010 9:06am Sep 21, 2010 9:06am
yesterday 22:00 gmt I entered 3 trades, here the data and results

long eurusd @1,3075, r=70 - tp 1r
short usdchf @1,0047, r=50 - sl be
short gbpusd @1,5564, r=65 - sl be

I'm currently aiming for 1r tp and set the trade be at 0,5r

Entries are less a problem than trademanagement ....
  • #23,369
  • Sep 23, 2010 4:20am Sep 23, 2010 4:20am
Hello guys
Long time no comment from me;
Sorry I was busy.
Hope You all is fine.
Does anyone have any idea about " A MA between 21EMA and 89 SMA"?
I tested the 60 EMA, But is it ok with Philip's H4 MACD strategy ?
Thanks

kashaYaR
  • #23,370
  • Sep 24, 2010 8:23am Sep 24, 2010 8:23am
Quoting khashaYaR
Hello guys
Long time no comment from me;
Sorry I was busy.
Hope You all is fine.
Does anyone have any idea about " A MA between 21EMA and 89 SMA"?
I tested the 60 EMA, But is it ok with Philip's H4 MACD strategy ?
Thanks

kashaYaR
Philip has been using 55sma some time ago to picture a method on how to let profits run ... maybe the 55 serves as the ma inbetween 21 and 89 ... also it fills the gap of the fibonacci sequence
  • #23,371
  • Sep 24, 2010 8:34am Sep 24, 2010 8:34am
Hi all,

my quest for the ideal trademanagement goes on. I have been trading r:r 1:2, 1:1,5, 1:1 ... somehow it worked but never completely satisfying.
Now a collegue of mine has suggested to read this thread by pipEASY http://www.forexfactory.com/showthread.php?t=245149 which deals with multiple long term positions, while the entries are discretionary. To me it appears as if the equity millipede would work pretty well with 4hmacd entries, on 1h, 4h or daily ...
Please have a look and tell me what you think about it.
  • #23,372
  • Sep 27, 2010 9:53am Sep 27, 2010 9:53am
Quoting xeneric
Ira,

Just read your journal. Congratuations on your GU trade which netted 211 pips and your doubling your money since the beginning of the year. Well done. Now, that's the sort of equity curve that I want ! (Please correct me if I misinterpreted the translation.)
Thank you very much ! Yes I doubled my account since January, trading only by Phil's strategy.
  • #23,373
  • Sep 27, 2010 11:03am Sep 27, 2010 11:03am
Quoting ira
Thank you very much ! Yes I doubled my account since January, trading only by Phil's strategy.
Congratulations, Ira
  • #23,374
  • Sep 28, 2010 10:02am Sep 28, 2010 10:02am
hi, since this thread is under commercial, this system is for sell?
  • #23,375
  • Sep 28, 2010 10:55am Sep 28, 2010 10:55am
I have currently 3 positions open

4h eurusd long @1.3346, r=80 (23.sep)

daily usdjpy short @84,40, r=120 (24.sep)

daily usdcad short@1,0262, r=130 (24.sep)

eurusd has sl be
usdjpy has sl be

I'm curious how this goes on, with the different trademanagement
Attached Image(s) (click to enlarge)
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  • #23,376
  • Sep 29, 2010 4:30am Sep 29, 2010 4:30am
does this system still work or has it lost steam ??????????
  • #23,377
  • Sep 29, 2010 8:02am Sep 29, 2010 8:02am
it works, but the traders apparently have no time to post their analysis and trades, lately
  • #23,378
  • Sep 29, 2010 9:34pm Sep 29, 2010 9:34pm
Hi, I am new to this system. I see a bearish round macd on the 4h EURUSD. May anyone comment if this is a valid trade.
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  • #23,379
  • Sep 29, 2010 9:47pm Sep 29, 2010 9:47pm
I feel the uptrend is strong. CT trades normally don't drop pass 21 ma but when it does, it can go down a lot. Probably wait and see what the action is when EUR dropped to 21 ma? Just my 2-cents worth. I feel CT trades' reward gets smaller and smaller as time goes by because the MA will catch up but the risk stays the same if one were to set above a swing point.
  • #23,380
  • Sep 30, 2010 3:13am Sep 30, 2010 3:13am
gbpusd 1h long @1,5862, r=100

daily shows long, 4h shows long, 1h early entry to 4h to break upper tl
Attached Image (click to enlarge)
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