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4H Crossover (Swing Trading)

  • #81
  • Nov 30, 2010 2:47pm Nov 30, 2010 2:47pm
Quoting behman8850
Thanks Looking forward to your video lessons here!
Sorry everyone that I haven't gotten the video done yet. I have been crazy busy at work. I will get them down and posted soon.
  • #82
  • Nov 30, 2010 2:52pm Nov 30, 2010 2:52pm
Quoting far
i am still studying you tecnique..i am very happy of your system. But
what is your suggestion to me if i want to get safely trading in high impact news by using 4hcrossing..?

thank you.
Far,

Its good to have you around. I am not entirely sure what you mean by using this system to trade during high-impact news. One of my purposes for creating/trading this system was actually to drown out the intense volatility and price action of news announcements. This system is rarely affected by high impact news.

Maybe some of the others on this thread might have something to add here...
  • #83
  • Nov 30, 2010 3:07pm Nov 30, 2010 3:07pm
Quoting marshy
Hi

Could you please send me the offline excel version:

Thank you
Marshy.
Marshy,

Find attached a template, offline version, of the 4H Crossover Trade Log. Let me know if you have any questions about how to use it.

Feel free to change, share, and do with the file what you please.
Attached File(s)
File Type: zip 4H Crossover Trading Log Template.zip   17 KB | 589 downloads
  • #84
  • Nov 30, 2010 4:56pm Nov 30, 2010 4:56pm
Quoting sburtonhome
Marshy,

Find attached a template, offline version, of the 4H Crossover Trade Log. Let me know if you have any questions about how to use it.

Feel free to change, share, and do with the file what you please.

Thanks for that

On a different note -

Here's is a copy of my simple money management risk calculator - quite simple but works well - self explanatory.



Marshy.
Attached File(s)
File Type: xls Simple Forex Calculator.xls   53 KB | 624 downloads
“A setback is a setup for a comeback.”
  • #85
  • Nov 30, 2010 7:59pm Nov 30, 2010 7:59pm
Quoting marshy
Thanks for that

On a different note -

Here's is a copy of my simple money management risk calculator - quite simple but works well - self explanatory.



Marshy.
Thanks for that!
  • #86
  • Dec 1, 2010 9:10am Dec 1, 2010 9:10am
Short with Gbp/Chf..Trading live..Good Luck to anyone
  • #87
  • Dec 1, 2010 12:06pm Dec 1, 2010 12:06pm
Quoting The7
Short with Gbp/Chf..Trading live..Good Luck to anyone
Best of luck to you as well. I have not as yet entered as I am waiting for my 4H candle to close and MACD to confirm trend continuation but it looks likely that I will be entering shortly as well. My SL will likely be just above the 1.6000 level with a TP target somewhere in the 1.5200 - 1.5250 range. Lets hope it tests that 1.52 level again!
  • #88
  • Dec 2, 2010 7:09am Dec 2, 2010 7:09am
I've been following Forex Factory for the last couple of years, however, I haven't been an active poster. I'm very impressed with this system. It doesn't involve much screen time and it focuses on reasonable equity building rather than insane/very risky returns. I'm short GBP/CHF @ 1.5655 with SL @ 1.6015 and TP @ 1.5295. I'm going to pay close attention to the strong support zone @ 1.5450. If the price is unable to make a sustainable move below I will close this position. I know this is against the rules but upon reviewing the past trades of this system it appears as though many losing trades were profitable at one point but reversed at supp/res zones. Just some food for thought.

Finally, thanks for initiating this thread sburtonhome!
  • #89
  • Dec 2, 2010 11:09am Dec 2, 2010 11:09am
Quoting Tw257
I've been following Forex Factory for the last couple of years, however, I haven't been an active poster. I'm very impressed with this system. It doesn't involve much screen time and it focuses on reasonable equity building rather than insane/very risky returns. I'm short GBP/CHF @ 1.5655 with SL @ 1.6015 and TP @ 1.5295. I'm going to pay close attention to the strong support zone @ 1.5450. If the price is unable to make a sustainable move below I will close this position. I know this is against the rules but upon reviewing the past trades of this...
Yes, I have had some similar thoughts, causing me to not follow the rules,

For instance, closed a trade early - EUR/JPY because of the way it played out with fib target 1 - (see attached)
Attached Image (click to enlarge)
Click to Enlarge Name: 4Heurjpy.gif Size: 35 KB
“A setback is a setup for a comeback.”
  • #90
  • Dec 6, 2010 8:04am Dec 6, 2010 8:04am
Quoting marshy
Yes, I have had some similar thoughts, causing me to not follow the rules,

For instance, closed a trade early - EUR/JPY because of the way it played out with fib target 1 - (see attached)
I agree there are often reasons to exit a trade early or adjust the rules based on the trade. It really just depends on the time that you have available to commit to the system and how emotional of a trader you are.

Personally, I like a set and forget system where I enter and do very little from that point on. It works well with my busy schedule, my trading personality, and my ten-year commitment. However, it is true that trading like that often means sticking with a trade when it is obviously turning around (my recent USDJPY, AUDUSD trades are prime examples).
  • #91
  • Dec 6, 2010 8:06am Dec 6, 2010 8:06am
Quoting Tw257
I've been following Forex Factory for the last couple of years, however, I haven't been an active poster. I'm very impressed with this system. It doesn't involve much screen time and it focuses on reasonable equity building rather than insane/very risky returns. I'm short GBP/CHF @ 1.5655 with SL @ 1.6015 and TP @ 1.5295. I'm going to pay close attention to the strong support zone @ 1.5450. If the price is unable to make a sustainable move below I will close this position. I know this is against the rules but upon reviewing the past trades of this...
Are you still in the GBPCHF trade? If not, curious as to when you got out. I am still in it. 1.5223 or bust! :-)
  • #92
  • Dec 6, 2010 1:06pm Dec 6, 2010 1:06pm
I think this is great and easy system to trade i try it live with mirco lots
now i have a new entry on usd/jpy is this right ???
Attached Image
  • #93
  • Edited 11:21pm Dec 6, 2010 2:15pm | Edited 11:21pm
Quoting sburtonhome
I agree there are often reasons to exit a trade early or adjust the rules based on the trade. It really just depends on the time that you have available to commit to the system and how emotional of a trader you are.

Personally, I like a set and forget system where I enter and do very little from that point on. It works well with my busy schedule, my trading personality, and my ten-year commitment. However, it is true that trading like that often means sticking with a trade when it is obviously turning around (my recent USDJPY, AUDUSD trades are...
Hi Sburtonhome

As I said before, I really like your trading method, and want to adopt this system for trading one of my long term trading accounts.

I totally agree with your comments about a set and forget system; I need to acquire the same line of thinking, for the sake of my family life.

For the last six months, I have been working on controlling my emotions, just as much as my trading methodology, and I feel I am starting to get there, but then, sometimes when I see decent profit on the table, the greed and fear monsters interfere with my trading plans, and make their move to get me.

Hope you don’t mind me asking mate, how’s your back testing going on the other currencies for this system? I am eager to see any further back test results you may have if you whish to share them.

Kind Regards
Marshy.
“A setback is a setup for a comeback.”
  • #94
  • Dec 6, 2010 6:38pm Dec 6, 2010 6:38pm
Quoting hulspas
I think this is great and easy system to trade i try it live with mirco lots
now i have a new entry on usd/jpy is this right ???
The mid-term trend changed from long to short when the 21/89 crossed - correct. However, the entry comes after a retracement to the 21 (MACD turning green and price returning to the 21 EMA) and then a return to the short trend (price pulling away from the 21 and MACD turning back red).

I am "pending" short on the USDJPY (meaning I am on alert for a short entry) but will not enter until the return to the 21 and then the trend continues short.

I finished the explanation video and am in the process of uploading it to Youtube. I will post the link tonight when it is fully uploaded. That video will help you all better understand the entry rules.
  • #95
  • Dec 6, 2010 6:50pm Dec 6, 2010 6:50pm
Quoting marshy
Hi Sburtonhome...
Marshy,

As allows it is awesome having you on board! I am a real believer in adapting a trading system to your trading personality. I personally can't allow myself too much trade leeway or I end up exiting trades early and feeling remorse. My other problem is that Forex was becoming almost an addiction. I was checking my charts every 5 minutes to the detriment of my family, personal, and professional life. I needed a system that would help me control the urge to check my trades and the 4H Crossover has seemed to remedy that issue.

The backtesting is coming together slowly but surely. I have now completed 6 pairs since 2005. I will post my full results as soon as I am able to complete all 12 pairs. The exciting thing is that the results are looking VERY similar to the previous 2 years. My theory has always been that the system will perform throughout all market types and I hope that further backtest will validate that belief.

This weekend I finished the explanation video that shows 4 unique trades scenarios, 1) a typical losing trade that lost 60% of what was risked, 2) a break-even trade, 3) a full winning trade, 4) a "pending entry" that never entered because our rules saved us from the whip-saw. As I type the 800mb video is uploading to Youtube and I will post the link just as soon as it is uploaded.

Sburtonhome
  • #96
  • Dec 6, 2010 7:03pm Dec 6, 2010 7:03pm
Hi Sburtonhome,

I've got the same symptoms as you had, hopefully following this thread, I will learn to control those addictions.
  • #97
  • Dec 6, 2010 7:13pm Dec 6, 2010 7:13pm
Quoting the-game
Hi Sburtonhome,

I've got the same symptoms as you had, hopefully following this thread, I will learn to control those addictions.
T-G,

Good to have you here. Here's to getting our lives back!
  • #98
  • Dec 7, 2010 9:05am Dec 7, 2010 9:05am
any update on video upload ? cant wait ....
  • #99
  • Dec 7, 2010 9:40am Dec 7, 2010 9:40am
Quoting roundrock
any update on video upload ? cant wait ....
I uploaded it to youtube last night and when I woke up this morning I received an upload error. It is uploading again and should be ready within the hour.
  • #100
  • Dec 7, 2010 9:52am Dec 7, 2010 9:52am
I have created and uploaded a 10 minute video detailing the trade rules and showing 4 examples.

1) A break-even trade
2) A typical losing trade
3) A typical winning trade
4) A no-entry signal

You can check out the video here.
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