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4 Hour Strategy (MACD)

  • #24,101
  • Apr 27, 2011 8:29pm Apr 27, 2011 8:29pm

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




EurUsd Pair/18:00 candle close/GMT+2 Time zone-April 27th,2011


Folks; just coming back from meeting. Took some tea and quickly logged into the internet to check my positions; EurUsd and UsdCad pairs which I took before leaving: For the UsdCad I was stopped at break even, BE; For the EurUsd, I was stopped out by my profit setting, about 100pips made for a mini lot.

I am posting only the EurUsd here because it was taken strictly according to the H4 time frame. The UsdCad was taken strictly according to the M5 time frame, TF in agreement with the Rhythm of the H4 system, so I do not want to include it here, as we know that this thread is H4 Tf.

Preamble: If you get to my first posts, page 1605 titled History Repeating itself, it is in connection with this one: This is a unique setup of the H4 MACD Strategy, and I never take it for granted when it is happening before me...it is this setup that says according to Phillip,that; when price breaks a Trend line, it pulls back to it and starts moving away, and we take trades at the close of the move away candle...

Analysis: ...it came to pass again; price broke a minor trend line, pulled back to it making a beautiful tail and moving away with a strong bullish candle heading to the Daily trend line(SEE CHART);TC on the MACD. That was a setter, and I was in that flight.

According to Phillip Nel's ONE HOUR Early Entry Strategy: One can make an early entry into a H4 candle through the H1 candle or TF. So when I saw the strong bullish candle moving away from the trend line, I quickly switched to the H1 TF. What did I see?

I met a powerful bullish engulfing candle angling up. It was also a Zero break or RB on the MACD, and that was it. I took the flight at the close of the one hour candle, 18:00 candle; which means I entered 2 hours earlier to the close of the H4 candle-that is the meaning of early entry...

Edit:
· I took only one position as I was on board already in the UsdCadpair.
· Stop loss = 30 pips
· Take profit = 100 pips.
· Risk/Reward Ratio = 1: 3.3 Ok for the MACD system.


God Bless Phillip

Attached Image (click to enlarge)
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  • #24,102
  • Apr 27, 2011 8:50pm Apr 27, 2011 8:50pm
To all friends,

Can u please tell me which pair need to trade for safe?

Thanks in advance.

Umesh Patel
  • #24,103
  • Apr 28, 2011 5:14am Apr 28, 2011 5:14am
Quoting naustingfx

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




EurUsd Pair/18:00 candle close/GMT+2 Time zone-April 27th,2011


Folks; just coming back from meeting. Took some tea and quickly logged into the internet to check my positions; [b][color=#00b050][FONT=Bookman...

Thank you for keeping this thread alive. It is a very good strategy and I intend to know more about it. I am relatively new in this business; I started trading June last year without adequate preparation and as expected, I blew three accounts. In my quest I started going through various systems in FF and fortunately I came across the MACD 4 hour strategy. But some of the files are in MP3 (audio) format and the scripts are not attached especially L1 - Introduction. Since the system is active again people like me can now ask questions.
Many traders suggest one should trade between 8:00 to 17:00 (GMT) and I read in some threads that it is better to analyse the market at the end of NY session and place stop orders based on the analysis. Personally I try to close my trades before 17:00 GMT because each time I leave a trade to be running it ends up in a loss. I discovered that what matters to you is the market rhythm which is better. Moreover we are having big moves nowadays during the Asian session contrary to what we used to have. How do you determine which trade to close and which one to close?
Going through your posts I discovered you limit yourself to only few pairs. Which currency pairs do you recommend? I am asking this because I always have problems with some pairs like EJ.
Thank you.
  • #24,104
  • Apr 28, 2011 5:24am Apr 28, 2011 5:24am
Quoting umpats
To all friends,

Can u please tell me which pair need to trade for safe?

Thanks in advance.

Umesh Patel
Please do NOT use "safe" and "forex" in the same context !!!
Canadian by birth Australian by choice
  • #24,105
  • Apr 28, 2011 9:59am Apr 28, 2011 9:59am
ok friend.

but advise me which pair need to be trade??

Umesh Patel
  • #24,106
  • Apr 28, 2011 10:37am Apr 28, 2011 10:37am
Quoting umpats
ok friend.

but advise me which pair need to be trade??

Umesh Patel
I would stick to a few pairs - EUR/USD, GPD/USD, GBP/JPY for example, until you have mastered the technique on these.
  • #24,107
  • Apr 28, 2011 4:18pm Apr 28, 2011 4:18pm
Quoting umpats
ok friend.

but advise me which pair need to be trade??

Umesh Patel
POST #1 in any thread is ALWAYS a great source of information; to save newcomers actually clicking the link, here it is (sorry, you will have to actually READ it by yourself)

I am using this 4 Hour strategy only for the last month(Jan2007) as I have papertraded for 2 years trying everything and or system I could find. (I am trading equities for almost 10 years)I have decided that I will only go live(after some losses-not to serious) after I have studied the field of forex and are satisfied that I have a system that works. I do believe that we are trying to make it to impressive and difficult. This system is simple and easy to understand. I have backtested and forward tested it over more than 200 trades and it gives 300+ pips per month. I never had more than two consecutive losses. I never use a stoploss bigger than 50. There are enough chances to ignore the ones bigger than 50.

I am using this strategy only on the EurUsd and the GbpUsd. Have not tested it on other.
I hope that you will find some use for it and that it put you on the road to financial independence.
Canadian by birth Australian by choice
  • #24,108
  • Apr 28, 2011 9:17pm Apr 28, 2011 9:17pm
Quoting umpats
ok friend.

but advise me which pair need to be trade??

Umesh Patel
This system works with almost all pairs, I have even tested it on commodities with great success. The main thing or 'the heart of the system' is Market Rhythm. Once you recognize the rhythm of the market with the help of MAs this system is the most reliable system. To understand the rhythm of the market you select a few pairs and follow it until you understand its trend. At first it may seem a bit complicated but once you master that then its quite simple. It worked for me as well as everyone who follow this system. I hope it helps.

Thanks of Phillip.

Good luck!
  • #24,109
  • Apr 28, 2011 9:24pm Apr 28, 2011 9:24pm
Thank you ALL for giving me your valuable suggestion.

Regards,

Umesh Patel
  • #24,110
  • May 2, 2011 6:15pm May 2, 2011 6:15pm
There are some pretty good trends now in a lot of currency pairs so i am sure this system is more successful now. Once
  • #24,111
  • Edited 8:05pm May 4, 2011 7:18pm | Edited 8:05pm
I hope all were noticing the nice rhythem of the market on the GBP as per Phillip's rules
1)price broke the 21(green, actually it appears a barely visible brown)
2)price pulled back to the 21 and found resistance(green, actually it appears it is a barely visible brown)
3)price moved to the 89 (dotted)
4)price found support and went back to the 21 where we got a TC butR:R was questionable

Again, I'm sorry the way my candles and MA's are appearing on the screen. For some reason this is what happens when I post
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  • #24,112
  • May 4, 2011 11:28pm May 4, 2011 11:28pm
To,
Morelands

In your chart i can see the higher low so the price is not going to down as per your conclusion with the TC, but it going up as per the HL and price try to make SHS... this is my assumption...
anyone have a different opinion then welcome.

thanks

Umesh Patl
  • #24,113
  • May 5, 2011 7:02am May 5, 2011 7:02am
I was not trying to say that price was going to go lower, just that it was probably going to test the 89 again. However the R:R was not there. Plus, I don't feel like price is going to do much b/t now and the jobs report tomorrow. We may be going into a period of consolidation or we may get some direction tomorrow. Sorry if there was a misunderstanding
  • #24,114
  • Edited 9:28am May 5, 2011 7:57am | Edited 9:28am
The h4 ,aud go to the 89sma,where it will go ???
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  • #24,115
  • May 5, 2011 10:30am May 5, 2011 10:30am
falls about 300pips,just sit there doing nothing.
  • #24,116
  • May 7, 2011 12:20pm May 7, 2011 12:20pm
Quoting naustingfx

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




EurJpy Pair/8:00 candle close/GMT+2 Time zone-April 19,2011


H1 Time frame Analysis:
One of our powerful reversal pattern or setup showed up again...price making triple bottom with an engulfing candle after a long ralley or down run; this indicates that it is due for price to reverse.

Like I said in my earlier posts; when I see such strong...

It is a pleasure watching someone not only trading MACD signals but market rhythm setups. History repeats itself and if you can recognise that within the market rhythm you will make money. The end of the upmove was with that tail making a false breakout to the top.
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  • #24,117
  • May 7, 2011 12:52pm May 7, 2011 12:52pm
Video
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  • #24,118
  • May 7, 2011 12:56pm May 7, 2011 12:56pm
Video
Attached File(s)
File Type: zip EurJpy.zip   1.7 MB | 738 downloads
  • #24,119
  • May 7, 2011 1:15pm May 7, 2011 1:15pm
Video
Attached File(s)
File Type: zip UsdJpy_AudUsd.zip   3.1 MB | 837 downloads
  • #24,120
  • May 7, 2011 1:27pm May 7, 2011 1:27pm
Quoting Phillip Nel
It is a pleasure watching someone not only trading MACD signals but market rhythm setups. History repeats itself and if you can recognise that within the market rhythm you will make money. The end of the upmove was with that tail making a false breakout to the top.
Dear Philip

Its good to hear from you after a long time!

Keep us updated sometimes.

Best wishes, we owe you a lot!
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