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4 Hour Strategy (MACD)

  • #24,061
  • Apr 7, 2011 6:28am Apr 7, 2011 6:28am
Quoting umpats
Hi,

I am a new in trading, my job is from morning 9 to 6 pm evening singapore time.
This 4 hour strategy is very much neat and easy but i faced the problem is exit strategy as i dont have a that much time to sit infront of PC, so can u please give me some tips for exit strategy in this system.

Thanks & Regards,

Umesh Patel
Hi Umesh,

Nice to meet a singaporien here. Sg time is one of the best time zones in the world, it covers Asia, London and US timings.

As for the exiting your trade, you will need to read the tread. There's no hard and fast rule. There are so many rules in exiting the trade. You would have to find the one or a few that suites your personality.

Andrew.
  • #24,062
  • Apr 7, 2011 9:24am Apr 7, 2011 9:24am
Quoting shreem
Hello all, just wanted to post another very nice exemple of a very profitable trend continuation (TC) in harmony with the current motion of the market with the USD/CAD yesterday on the Nonfarm Payroll day. The beauty of this trade is that it was already showing the direction of the market before the news. (some big players do really have an edge for the direction of the market).

Price was in a confirmed downtrend (under 89SMA) and price retraced to the 21 EMA and then continue it current direction with a TC on MACD. We could have entered either...
Hi,could you pls post your template? Thanks alot.

ayour2a
  • #24,063
  • Apr 7, 2011 8:44pm Apr 7, 2011 8:44pm
To,

Aandrewnair

Thank you very much sir.

I try to go through the forum. Presently for stop loss i am using fibonacci 161.8 level and it is 90% usefull.

Regards,

Umesh Patel
  • #24,064
  • Apr 9, 2011 1:37am Apr 9, 2011 1:37am
...and it came to pass that price broke a minor trend line, pulled back to it and moving away, heading to the top of a big price channel...entries were made accordingly, stoploss was set, partial profit taken, and the remaining postion was allowed to the full potential of the trade according to analysis...

Risk/Reward ratio excellent:
Risk=30 pips; Reward=180 pips ( R:R = 1:6), for a lot size of 0.1 for the full potential of the trade...

Edit 1:
Closed 50% after 30pips gain, that is,Take profit 1,Tp1 was hit with a 30pips gain...(R:R = 1:1.5), Lot = 0.1
Edit 2:
The second position was filled...180pips gain(R:R = 1:6), Lot = 0.1

Summary:
*A total gain of 210pips was made;

*Date:Friday,April 8th,2011, entry was made at the close of 20:00 candle, GMT+2 time zone.
*Currency Pair-Eur/Usd
Comment: Trade was set and I went to bed: Edit 1 was fill when I was asleep, and Edit 2 the next day...I did not sit to watch the music life...

PLEASE SEE CHART FOR ILLUSTRATION

GOd Bless Phillip!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: God Bless Phillip-H4.jpg Size: 142 KB
Click to Enlarge Name: God Bless Phillip-H1.jpg Size: 147 KB
Click to Enlarge Name: God Bless Phillip-overall.jpg Size: 145 KB
  • #24,065
  • Edited 2:14pm Apr 9, 2011 11:29am | Edited 2:14pm
Excellent trade, chart and analysis! You must have been studying this thread since you joined 3+ years ago!

EUR/USD trend is very strong but is has to have pullback at some stage.

Does ADX show divergence?

Check my daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: daily_div.jpg Size: 129 KB
Canadian by birth Australian by choice
  • #24,066
  • Apr 10, 2011 6:35pm Apr 10, 2011 6:35pm
....Snowman I thank God who gave you the power or insight to be able to see the meaning of my post...when I came in contact with Phillip Nel's system(4 Hour Strategy-MACD) my aim is to be perfect in it, I mean perfection in the fullness of this glorious strategy...I discovered that there are a lot of strategies within this 4 Hour system...lots of setups, patterns, signals, weathers or scenarios incorporated or integrated in it from which pips can be made in a dramatic way-the system is very very fruitful...
I also discovered that any other system that is not in agreement with this system- 4 Hour Strategy, will not make it in the field of Forex trading...

To answer your question: ...I do not use ADX at all, but I trade like a little child in the sense that I take action according to what is in front of me, my screen, the chart. So going by that, I can see a divergence trade right from your chart just as the MACD would give aswell...I was even thinking the indicator was the MACD untill I enlarged and read your chart and discovered it was advanced ADX indicator...this means that the ADX can show divergence aswell and it is important to know how to make pips with it if you are using it....for me, I settle for the MACD Divergence...

God bless you, and may peace guide your way. Wishing you all a week of successful trading.
  • #24,067
  • Apr 10, 2011 11:15pm Apr 10, 2011 11:15pm
Hi,

Can any one explain me what is CT with the chart??

Thanks in advance.

Umesh Patel
  • #24,068
  • Apr 11, 2011 12:16am Apr 11, 2011 12:16am
Quoting umpats
Hi,

Can any one explain me what is CT with the chart??

Thanks in advance.

Umesh Patel
CT or TC which means Trend Continues, is that what you mean?

Here is an example, nice Round Top with the pulback into the Moving Averages, a pause during quiet hours, then continues down, completely tradable as it is right during London market hours, the vertical lines are start of day on my charts; hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: TC_example.png Size: 55 KB
Canadian by birth Australian by choice
  • #24,069
  • Apr 11, 2011 2:59am Apr 11, 2011 2:59am
To,
TheSnowman

Thank you for your help, before this i think TC and CT is different things.

last week first time i win +160 pip, thanks for this forum and specially philip and snowman.

Umesh Patel
  • #24,070
  • Apr 11, 2011 3:04am Apr 11, 2011 3:04am
Another Trend Continues, going for a month off, so maybe I can catch some of these real time
Attached Image (click to enlarge)
Click to Enlarge Name: TC_example.png Size: 81 KB
Canadian by birth Australian by choice
  • #24,071
  • Apr 11, 2011 8:50pm Apr 11, 2011 8:50pm
Hi,

Can any one explain me what is b/e with the chart?? and how it is useful in trading??

Thanks in advance.

Umesh Patel
  • #24,072
  • Apr 12, 2011 4:48pm Apr 12, 2011 4:48pm
...please bear with me, I couldn't post the chart...I am trying to resolve an issue...I got a message from Forex Factory that the chart I am trying to post exceeds the remaining attachment size aportion to me...maybe as a junior member, I am limited asper the size of attachment I can post...I will be glad to have a clue from anyone on how to go about this...right now I do not think I can post further chart...

Todays trade was a setter...USD/CAD...price broke out upward from a long down channel, and ranged within a minor channel and a triangle, it broke the triangle, pulled back to it and moving away...and that was it...

God bless everyone!
  • #24,073
  • Apr 12, 2011 5:01pm Apr 12, 2011 5:01pm
BE is break even


Quoting umpats
Hi,

Can any one explain me what is b/e with the chart?? and how it is useful in trading??

Thanks in advance.

Umesh Patel
  • #24,074
  • Apr 16, 2011 6:01pm Apr 16, 2011 6:01pm

***Remaining in the spirit of this Thread/Strategy***


HISTORY Repeating itself

Considering the chart below you will see History repeating itself as soon as it can...same scenario or weather showing up repeatedly at very close intervals...As Phillip Nel would say; MACD is just a guide to trading this strategy, it tells the motion and not emotion of the market... Phillip Nel also said one must have finished with price analysis before even looking at the MACD...this means that understanding price action or Market Rhythm is the key to successful trading... Recently, Phillip Nel also said that one should be able to understand when price action carries more weight than the Moving Averages, Trendlines, and MACD and at such stages or points, trades can be successfully made regardless of what the aformentioned parameters(MACD, Moving Averages,...) are saying ... more details asper Entry, Stoploss, and Exit/Profit Levels are well stipulated in the chart... some vital comments aswell you will see in the chart, the chart is self explanatory, but questions and positive contributions are welcomed... all the trades are Right

I LOVE you all from the bottom of my heart, and I pray that you succeed in this business perfectly, and let all of us make our world a better place to live as we wait graciously for our triumphant return to where we really belong... Gloria in Excelsis

God Bless Phillip

Attached Image (click to enlarge)
Click to Enlarge Name: history repeating itself-God bless phillip.jpg Size: 166 KB
  • #24,075
  • Apr 17, 2011 12:10am Apr 17, 2011 12:10am
Quoting naustingfx

***Remaining in the spirit of this Thread/Strategy***



HISTORY Repeating itself

... all the trades are Right

[font=Comic Sans MS]I LOVE you all from the bottom of my heart, and I pray that you succeed in this business perfectly, and let all of us make our world a better place to live as we wait graciously for our triumphant return to where we really belong... [b][color=blue]Gloria...
Amazing! You only took 4 TCs, what a patience!!! I just loved it!

Good luck naustingfx!

Btw, does anyone know where Phillip is? I haven't seen him in the thread for a while.

Cheers!
  • #24,076
  • Apr 17, 2011 11:26pm Apr 17, 2011 11:26pm

***Remaining in the spirit of this Thread/Strategy***


...thank you for the good comments. I did not only take the trend continuation(TC) trades...if you look at the chart I posted, you will see the MACD Divergence trades that were marked...so I trade them aswell, and when I am trading, I try not to miss any single opportunity to make pips when the weather is clear, that is, when the market presents itself rightly...the next post reveals my action last week on the Aud/Usd pair...a little bit complicated, but the opportunity was there...
There are a lot of ways I diversify in my trading, but the basics is highly connected to this thread- 4 Hour MACD system...I do not post those ones here so as not to confuse especially the new ones...

Let everyone remain in the spirit of this thread
God Bless Phillip

  • #24,077
  • Apr 18, 2011 1:01am Apr 18, 2011 1:01am

***Remaining in the spirit of this Thread/Strategy***


Confluence of events is the key to success in trading, but one can still make pips when there is Conflict in the bias of the market if and only if the trader having identified the two scenarios which are conflicting to each other can determine or know the one which carries more weight or has the upper hand or a higher potential/probability to be right over the other

...by conflict, I mean a situation in the market where the trader is offered an opportunity to Buy as well as to SELL. It might be the best to stay away from conflicting market scenarios as that is where pips are also lost when proper analysis is not made...for the trader to determine the bias or signal that carries more weight or that tends to be more promising than the other, apart from analysing the immediate scenario or weather or price action, the trader should aswell put into consideration the Rhythm of the overall market condition, also the trend of the market...and any signal that is in agreement with these overall situations is taken...this is the way I do it....BELOW is the Aud/Usd pair that I took last week...

Conflict of Signals

There are two conflicting scenarios or signals here:
Scenario 1: Scenario one is price in a triangle; price broke of a triangle pulled back to it and moving away with a strong bullish candle and a TC on the MACD.


Scenario 2: The second scenario is price ranging between 2 moving averages, the 89 and the 200 which offers a strong resistance and support to price respectively...
The conflict is that at the point where the first scenario says Buy, is aswell a point where the second scenario says Sell or don't Buy...this is because at the close of the bullish candle(scenario 1) which is the entry point appears at a strong resistance level...

Action: I favoured scenario one; I went Long at the close of the bullish candle moving away from the triangle with my stoploss below the candle, exit was at Fibonacci level, 61.8. Risk/Reward ratio ok for the MACD system. Please see chart.



Why I Went Long: I went long because the overall situation or bias or sentiment or weather of the market or Rhythm of the market was up...



Effect of the Conflict: The effect is that there were some Emotional Breeze before my position was filled...this also explains why there are Emotional Breezes at certain areas of the market...you can also go and backtest it and you will see for yourself that market conflicts, gives rise to emotional breezes...
Comment: All the trades or post I present here are Life posts, my Life account.
PLEASE SEE CHART FOR ILLUSTRATION


May almighty God who has established me in this system give you insight to benefit from what is being said here and my posts in general...Gloria in Excelsis Deo!


God Bless Phillip
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AudUsd.jpg Size: 142 KB
Click to Enlarge Name: Emotion Breeze explained.PNG Size: 106 KB
  • #24,078
  • Apr 18, 2011 2:16am Apr 18, 2011 2:16am
Hello nausting,

thank you for your posts, very clear in the spirit of the original Phillip`s MACD strategy.

I have a request : would it be possible to post your template ( as shown in your charts ) ? I have great interest to get back to this strategy, it was the first I learnt. A bit " back to the basics ", if you want to call it like that, lol.

To the traders who trade this day by day, which one of the many MACD versions do you use ? I noticed that Phillip in his weekly updates still uses the most basic version 1.02.

I wish all good luck, it would be great to see more excellent posts like nausting`s, and I hope to contribute soon.



______________
michael
Be like water.
  • #24,079
  • Apr 18, 2011 2:41am Apr 18, 2011 2:41am
Quoting naustingfx

***Remaining in the spirit of this Thread/Strategy***




May almighty God who has established me in this system give you insight to benefit from what is being said here and my posts in general...Gloria in Excelsis Deo!


God Bless Phillip

Great post! loved it. To keep the thread alive you should post regularly.

I look forward to hear from the people of the past. Is there anyone from the begining of this thread. Or has they left forex.

Happy trading!
  • #24,080
  • Apr 18, 2011 9:20pm Apr 18, 2011 9:20pm
Glory be to God who teaches us how to prosper and gives us the power to make wealth…Fellow traders, it happened again today, History Repeating itselfas soon as it can…just know the setup wait for it and pull the trigger when you ought to…


One of our most popular weather or scenario showed up yesterday, this scenario is called the End of Cycle scenario as can be found in Phillips Lessons on market Rhythm part 1 and part 2…this is a special type of scenario that tells us that either the up or down run is or has come to an end, a price reversal pattern, in the case of an up run, it is identified by price presenting us with an M-pattern or formation, also price making Lower high, SHS etc…these are strong reversal patterns … see the lessons for details…


It happened today in the Aus/Usd pair , at the close of the 8:00 candle, GMT+2 time zone…Price is ranging within a channel, and there was our scenario, the SHS as well as price making Lower High, also there was MACD Divergence…all these taking place at the Top Region of the channel a beautiful RESISTANCE zone for price…


Edit 1: Although I entered late, but entry was at the close of the 8:00 candle(18th April,2011) after three wonderful emotions-doji, inverted hammer and a spinner forming a nice rounding on price with a bearish engulfing candle…and that was it….stop loss was set just above the spinner…it was two lots, take profit 1 was at the bottom of channel...


Edit 2:...a brake of the channel downwards was anticipated so I allowed the 2nd position to run so as to take advantage of the brake out should it ran further…


Edit 3: indeed the Tp1 has been hit and price did break the channel as anticipated…so my 2nd position is still on….Risk/Reward ratio is excellent…Like I said before, I do not have any demo account in my computer anymore, all the posted trades are my life accounts...see the chart for further details….Gloria in Excelsis Deo!

God Bless Phillip

Attached Image(s) (click to enlarge)
Click to Enlarge Name: AusUsd Deal-H4.PNG Size: 62 KB
Click to Enlarge Name: AusdUsd-H1- Price approching Tp1.PNG Size: 72 KB
Click to Enlarge Name: AusdUsd- analysis + result 1 - H1.jpg Size: 168 KB
Click to Enlarge Name: AudUsd-H4 result-Overall.jpg Size: 136 KB
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