4 Hour Strategy (MACD) | Page 1201 | 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)

  • #24,001
  • Mar 3, 2011 8:37pm Mar 3, 2011 8:37pm
Quoting Morelands
Every trade is different, but I'll give an example of what I might have done yesterday. Again the 1st chart is the 4 hr TC, which would have definitely gotten my attention. I would then go down to the 1hr chart or maybe even the 5 min to see price action. On the 1 hr, the arrow indicates where I would have entered. You can see on the left where there is a price #. It is where the bodies of the previous candles closed. I'd have set my entire profit target there or maybe 1/2. The reason I might have set the whole thing there is b/c it was getting...
Hi Raymond,

Thank you very much for the detail explanation. I really appreciate it.
  • #24,002
  • Mar 4, 2011 3:21pm Mar 4, 2011 3:21pm
Please lessons 1 to 13 are in MP3 audio format but I don't know if there is any video format especially lesson 1. Alternatively, how can I convert the mp3 files to mp4 or wmv?
  • #24,003
  • Mar 6, 2011 9:04am Mar 6, 2011 9:04am
The best trade of the week not only by pips but also regarding my system must be this one.

It's a buy order on the GBPJPY at 133.98 after as a breakout from the 8EMA, 21EMA and 89SMA, where the MACD is forming a perfect "round bottom".. With a TP at the big round number 135..

So it was an easy 102 pips! :nerd:

You can see some of my other trades here: http://bit.ly/i4I4eO
Attached Image (click to enlarge)
Click to Enlarge Name: best trade w1.gif Size: 16 KB
  • #24,004
  • Edited Mar 7, 2011 3:07pm Mar 6, 2011 7:48pm | Edited Mar 7, 2011 3:07pm
I am working through this entire thread and I just want to verify my understanding of the 4 hour MACD system that is mainly used throughout the thread here. Here I have are some example trades that I could have done for all of last month based on this system of trading and I would just like to know if it is correct or not?
Thanks
Note: the arrows on the MACD indicate entry; down(short) and long(up),
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 421 KB
All posts are my personal opinion
  • #24,005
  • Mar 7, 2011 8:04pm Mar 7, 2011 8:04pm
The 1st vertical line: I would have waited til the following candle to enter b/c price had just stopped at previous resistance and not broken though it yet. Same goes though the second vertical line. Look to the left and you'll see previouse candles were not able to break though, indicating there are a lot of seller there. Until price closed sufficiently above that area, price has not told us whether the buyers or sellers are going to win that battle. Hope that helps
Raymond

Quoting Rtm
I am working through this entire thread and I just want to verify my understanding of the 4 hour MACD system that is mainly used throughout the thread here. Here I have are some example trades that I could have done for all of last month based on this system of trading and I would just like to know if it is correct or not?
Thanks
Note: the arrows on the MACD indicate entry; down(short) and long(up),
  • #24,006
  • Mar 9, 2011 6:07pm Mar 9, 2011 6:07pm
Nzd/Usd short at 7363, sl 7395, tp 7325
Attached Image (click to enlarge)
Click to Enlarge Name: 305.jpg Size: 186 KB
  • #24,007
  • Mar 10, 2011 7:45am Mar 10, 2011 7:45am
Sorry the vertical lines just show the containment of the time span for trading.

Quoting Morelands
The 1st vertical line: I would have waited til the following candle to enter b/c price had just stopped at previous resistance and not broken though it yet. Same goes though the second vertical line. Look to the left and you'll see previouse candles were not able to break though, indicating there are a lot of seller there. Until price closed sufficiently above that area, price has not told us whether the buyers or sellers are going to win that battle. Hope that helps
Raymond
All posts are my personal opinion
  • #24,008
  • Mar 11, 2011 6:45am Mar 11, 2011 6:45am
OMG have you put some effort in this. Thank You!
  • #24,009
  • Mar 15, 2011 7:00pm Mar 15, 2011 7:00pm
Here is a trade I took last night for just 50 pips. Not a lot, but it is a it is a tough time to trade right now. It was just a round top on the indicator, but more importantly, it was an evening star at a trendline/resistance. When the market is like this it is best to pocket your pips and be more conservative. I could have gotten more, but that is how it works sometimes
Attached Image (click to enlarge)
Click to Enlarge Name: 031511-eveningstar.gif Size: 48 KB
  • #24,010
  • Mar 15, 2011 8:57pm Mar 15, 2011 8:57pm
How about lower high now? I saw shooting star in 1hr and EURUSD rejected by the previous peak. Target 50 pips. SL top of shooting star.
  • #24,011
  • Mar 16, 2011 4:00am Mar 16, 2011 4:00am
Quoting Morelands
Here is a trade I took last night for just 50 pips. Not a lot, but it is a it is a tough time to trade right now. It was just a round top on the indicator, but more importantly, it was an evening star at a trendline/resistance. When the market is like this it is best to pocket your pips and be more conservative. I could have gotten more, but that is how it works sometimes
I like your ct's. thank you for posting them. congrats
  • #24,012
  • Edited 6:30pm Mar 16, 2011 8:24am | Edited 6:30pm
entered short in this trade. SL 36, TP 34. It has become very difficult to trade for this month. Yesterday I took long on Eur and bailed out at -30 pips.

edit: +34
Attached Image (click to enlarge)
Click to Enlarge Name: 308.jpg Size: 159 KB
  • #24,013
  • Mar 16, 2011 5:11pm Mar 16, 2011 5:11pm
The asian session is showing an unusual amount of activity. I think we are going to have a signif move which would be nice...giving us direction in the market
  • #24,014
  • Mar 17, 2011 4:55am Mar 17, 2011 4:55am
Entered long at 0.98020 SL 41, TP 56 after seeing DT and price on my trendline away from 8SMA. Price bounced off my trendline and up to my TP.

Any comments, was this a legitimate signal? Or just plain luck on my part?
Attached Image (click to enlarge)
Click to Enlarge Name: CAPA.png Size: 57 KB
  • #24,015
  • Mar 17, 2011 5:20pm Mar 17, 2011 5:20pm
I'm looking carefully at a possible trade on EUR. A strong bullish engulfing candle on the 4hr broke resistance. Let the candle(s) show that it wants to go higher and I'm in to 40909,1st/4150,2nd for profit targets
Attached Image (click to enlarge)
Click to Enlarge Name: 031711-possible.gif Size: 50 KB
  • #24,016
  • Mar 17, 2011 8:38pm Mar 17, 2011 8:38pm
WASHINGTON (AP) -- Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels following last week's earthquake and tsunami.

A super-strong yen could cripple Japanese exports, further worsen the economic impact of the disaster that killed thousands and triggered an unfolding nuclear crisis.
  • #24,017
  • Edited Mar 18, 2011 5:53am Mar 17, 2011 9:32pm | Edited Mar 18, 2011 5:53am
In Eur trade at 4055 - post later. SL as stated before, TP changed

Edit: Out at 4095. Looks like in may go higher now that I'm out. That's the breaks some times. I'll look at it later
Raymond
  • #24,018
  • Mar 18, 2011 6:32am Mar 18, 2011 6:32am
hi Morelands,

How many Pairs are you watching for this strategy?
__Thanks__ MJ
  • #24,019
  • Mar 18, 2011 7:41am Mar 18, 2011 7:41am
I'm just watching the GBP/USD and EUR/USD for this method. As for closing that trade early and not going for my second TP...ratsssssssss
Raymond

Quoting M_j
hi Morelands,

How many Pairs are you watching for this strategy?
  • #24,020
  • Mar 18, 2011 7:44am Mar 18, 2011 7:44am
How many trades do you have on average for this 2 pairs per week?
__Thanks__ MJ
71 traders viewing now