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4 Hour Strategy (MACD)

  • #24,181
  • May 15, 2011 8:46am May 15, 2011 8:46am
Quoting Phillip Nel
Video
got it ,sir. I will watch your videos again and again. thank you .
A chart helps those who can read it.
  • #24,182
  • May 15, 2011 9:26am May 15, 2011 9:26am
Quoting jeffokes
Philip thank you so much again!
Did download and installed the izarc but the same message still came.
hello. can you please tell me from where can I download those files that you did ?
  • #24,183
  • May 15, 2011 1:20pm May 15, 2011 1:20pm
Quoting Flutur.F
hello. can you please tell me from where can I download those files that you did ?
You will know where to get them all from post #1 and pg1 of this thread.
Thanks.
  • #24,184
  • May 15, 2011 5:44pm May 15, 2011 5:44pm
Thanks for the videos Phillip. Good to see you back
Raymond
  • #24,185
  • Edited 8:46am May 16, 2011 8:25am | Edited 8:46am
Video
Attached File(s)
File Type: zip Live Trade 16May2011.zip   2.2 MB | 1,018 downloads
File Type: zip Market Rhythm Analyses.zip   1.1 MB | 854 downloads
  • #24,186
  • May 16, 2011 8:47am May 16, 2011 8:47am
Quoting Phillip Nel
Video
thank you . keep following you .and ,i am sure you have more than one account .lol .cheers . good luck .
A chart helps those who can read it.
  • #24,187
  • May 16, 2011 9:18am May 16, 2011 9:18am
Quoting Phillip Nel
Video
I just download the video and watch it, focus on the eur/usd pair. for me its midnight in china now, i have been just on the net for half a day. watching the price moving, do some trades,some loss ones for the day. i realy get some useful info in the video, be patient, looking for trade is a big problem for me. thanks phillip again for the great update, make me knowing the rhythm better
  • #24,188
  • May 16, 2011 11:50am May 16, 2011 11:50am
Hello

I'm silient follower of this thread for a long time, may i ask what broker do You use ? or what timezone is Your broker ? I ask because my H4 candles looks different. This question if ofcourse for Phillip.

Regards
Borek
  • #24,189
  • May 16, 2011 12:20pm May 16, 2011 12:20pm
Quoting Borek
Hello

I'm silient follower of this thread for a long time, may i ask what broker do You use ? or what timezone is Your broker ? I ask because my H4 candles looks different. This question if ofcourse for Phillip.

Regards
Borek
I am using IBFX in America at the moment and it is a GMT+0 candle closure.
Phillip
  • #24,190
  • May 16, 2011 12:31pm May 16, 2011 12:31pm
Quoting jeffokes
You will know where to get them all from post #1 and pg1 of this thread.
Thanks.
Thank you jeffokes.

Can anyone tell me a MT4 platform wich has GMT+4 ?
  • #24,191
  • May 16, 2011 2:20pm May 16, 2011 2:20pm
Quoting Phillip Nel
Video
Thank you so much Philip especially for the Video on Rythm, I remember I asked for it and now you did it although I studied alot on it from your thread. I realised it is the core of the system. As a matter of fact understanding of Rythm and PA even without the MACD can be used successfully imho. I am not saying MACD is not important though. Thanks a lot!!!.
  • #24,192
  • May 16, 2011 3:05pm May 16, 2011 3:05pm
Quoting Phillip Nel
I am using IBFX in America at the moment and it is a GMT+0 candle closure.
Phillip
Hi Philip
Nice to have you here again!!

Mike
Failure, is a wonderful teacher!
  • #24,193
  • May 16, 2011 10:24pm May 16, 2011 10:24pm
hey,phillip ,my master ,i am learning from you .
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 35 KB
A chart helps those who can read it.
  • #24,194
  • May 17, 2011 12:10am May 17, 2011 12:10am
Quoting geniusztc
hey,phillip ,my master ,i am learning from you .
get 100 pips . have a rest ,watch phillip's videos .
A chart helps those who can read it.
  • #24,195
  • May 17, 2011 4:21am May 17, 2011 4:21am
hi,can you tell me,why you trade the uj,why you buy it????
thank you
  • #24,196
  • May 17, 2011 5:17am May 17, 2011 5:17am
Quoting ssq
hi,can you tell me,why you trade the uj,why you buy it????
thank you
He was reading his crystal ball, I think
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.why.buy.gif Size: 44 KB
Canadian by birth Australian by choice
  • #24,197
  • May 17, 2011 5:49am May 17, 2011 5:49am
Quoting ssq
hi,can you tell me,why you trade the uj,why you buy it????
thank you
i am sorry, did you ask me ? lol .

actually ,i have traded uj (long position) several times ,because the inside bar on weekly chart ,i just want to find a good chance on lower time frame .

after the uj had a high price @ 81.06 @ 05.06. 4:00 on h1 chart ,i drawed the fib lines , the price pull back to the 50% fib ,ang low price @ 80.68 , then i get in @ 80.80 @ 05.06.23:00,and stop lose @ 80.65 under the 50 fib and under the 200ema . i added another position after price broke the previous high. this is what i was thinking when i trade . hope you can understand my words.
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Attached Image
A chart helps those who can read it.
  • #24,198
  • May 17, 2011 5:53am May 17, 2011 5:53am
Quoting TheSnowman
He was reading his crystal ball, I think
is it a kind of lampoon? if it is .ok ,though i am a newbie ,but i am also a good student .
A chart helps those who can read it.
  • #24,199
  • May 17, 2011 6:31am May 17, 2011 6:31am

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

Market Rhythm: Our actions on charts.

This is just a quick update for the EurJpy pair on the 4th of May 2011. The 16:00 candle close, strictly on the H4 time frame. Price broke out of the channel, and retested the bottom trendline 2wice, and moving away with a strong bearish engulfing candle. This was the 16:00 candle. Entry was made on the close of this candle. On the MACD was the Zero Break ... everything was in place. But even if the MACD is not saying anything, I wouldn't mind; for the flow of price or market rhythm has it all. And the did was done-trade was ripe!

SEE CHART FOR ILLUSTRATION

God Bless Phillip

Attached Image (click to enlarge)
Click to Enlarge Name: EurJpy-May 4-2011.jpg Size: 128 KB
  • #24,200
  • May 17, 2011 7:48am May 17, 2011 7:48am
EurJpy Pair/8:00 candle close/GMT+2 Time zone-May 3rd, 2011


H4 Analysis:
1. We have a strong reversal pattern on the H4 time frame, tf; price has made a lower high as well as a double top (see the 2nd chart for this).
2. Price now broke below the moving averages-8, 21, and the 89; price having broken below the 89, pulled back to it and to the 8ema and was busy moving away in a bearish mode and forming a TC on the MACD.
3. At this stage, I switched to the one Hour chart.

One Hour Early Entry Analysis:
1. We are in a strong down move, price broke the 200sma (the yellow moving average), pulled back to it and to the 21ema forming a tail and proceeded downwards with a strong bearish engulfing candle, making a TC on the MACD.

2. As can be seen in the chart, the 2nd chart, I applied the Fib on the huge bearish engulfing candle moving downwards because stop loss was so big. So expecting a retracement to enter into trade nicely with a good risk; and it came to pass, price retraced on that huge bearish engulfing candle to the 38.2 Fibonacci which was approximately at same level with the 200sma ( sort of a retest of the breakout level) and was moving away making also a TC on the MACD. Actually price was into a triangle, but I neglected that analysis or fact, because the price action has got more weight, so the Lens did not see the trend line or triangle. I was so much convinced for the move downward, so I entered not waiting the H1 bar to close (the M5 helped me).

3. Entry stop loss and exit levels are well specified in the charts below. For the exit, it was at the 161.8 Fibonacci level on the H1 time frame (a unique way of applying the Fib tool-Phillip’s MLTS strategy); this level corresponds with the 50.0 Fibonacci level on the H4 time frame.

4. Risk/Reward ratio was excellent- Risk=15 pips/Reward=40 pips.


Comment: Thank God I took profit without hesitating. See the 2nd chart, the H4 time frame and see how price retraced very quickly forming a very long hammer/tail…surprises in the market.

God Bless Phillip

Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurJpy- Deal- May 3-2011.PNG Size: 53 KB
Click to Enlarge Name: EurJpy- Result- May 3-2011.PNG Size: 62 KB
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