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4 Hour Strategy (MACD)

  • #24,381
  • Jul 13, 2011 3:00am Jul 13, 2011 3:00am
Quoting Morelands
In Phillip's early days, if I am correct, he traded the GBP and EUR.
Raymond
Thanks Raymond
  • #24,382
  • Jul 13, 2011 5:44am Jul 13, 2011 5:44am
Quoting Morelands
Welcome back Peed. We all struggle to get this far(being profitable) and it is nice to know you stuck it out. Way to go
Raymond
Thanks Raymond,

Sorry a bit late reply, I'm very busy with my personal things so I havn't got time to look at the market also. Next week I'll be free & going to have holiday for 5 wks, I'll post more to the thread.

Cheers,

Peed
  • #24,383
  • Jul 13, 2011 5:58am Jul 13, 2011 5:58am
Quoting Morelands
In Phillip's early days, if I am correct, he traded the GBP and EUR.
Raymond
Let go back to the same old days Eur & Gbp. I also observed in your charts, you trade only Eur & Gbp if I'm not wrong.

4hrs MACD system is very powerful infact we can actually trade only one pair bcos we can trade trend, counter trend, range & breakout. If we know that pair very well we can make money. My 2 pips.

Cheers

Peed.
  • #24,384
  • Jul 13, 2011 6:37am Jul 13, 2011 6:37am
Hi Alright & Alicimo,

I'm a bit free at the moment so more time to response the thread.

http://http://www.fxtradeblog.com/bladerunnerp1.html
Have alook at bladerunner trading style. It's just a rhythm MACD trading style in 1hr tf which there no entry signal from 4hrs. Look at 2 charts 1hr & 4hrs.

About http://www.phillipnel.co.za I'm one of the member. At that time I did not trade 4hr MACD I traded with another system. I heard about Combo box by Phillip so I just gave him a support for what he did to this trade and it's only $49 worth it!!! you won't regret. You also can hear his voice once a week lol( I like his teaching - very much) - weekly anticipation.

Below:- 2 charts. It's very simple 1hr MACD but whether you have time to watch market hourly or not?

Cheers,

Peed
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: blade2.jpg Size: 150 KB
  • #24,385
  • Edited 9:30am Jul 13, 2011 7:49am | Edited 9:30am
Quoting peed
Hi Alright & Alicimo,

I'm a bit free at the moment so more time to response the thread.

http://http://www.fxtradeblog.com/bladerunnerp1.html
Have alook at bladerunner trading style. It's just a rhythm MACD trading style in 1hr tf which there no entry signal from 4hrs. Look at 2 charts 1hr & 4hrs...
Im afraid that page has gone too


EDIT: By the way, how can u display that page since the site doesnt exist? Unless you had saved that picture before...
  • #24,386
  • Jul 14, 2011 6:22am Jul 14, 2011 6:22am
Hi Peed, Alright

Thanks for your posts and the charts previewing the Bladerunner strategy.

I also could not open the link, but it seems clear from the annotated charts you posted. Is it a sequence of different trades, or is it a single trade with moving stop?

I also now have the comboBox, very interesting and am working through the material.

Thanks
  • #24,387
  • Jul 14, 2011 6:43am Jul 14, 2011 6:43am
Quoting alright
Im afraid that page has gone too


EDIT: By the way, how can u display that page since the site doesnt exist? Unless you had saved that picture before...
I guess the correct link is: http://www.fxtradeblog.com/bladerunnerp1.html
__Thanks__ MJ
  • #24,388
  • Jul 14, 2011 12:15pm Jul 14, 2011 12:15pm
Quoting alicimo
Fellow Traders,

Thank you very much for keeping this thread active. I have just spent a week absorbing the content and method of Phillip Nel's strategy.

Can anyone tell me if his system is still in use by learned traders, the above post would imply that it certainly is and in pretty much the form described by Phillip.

I also notice that he has not posted here for a while and that as of this morning the site www.fxtradeblog.com (which I believed was set up by Phillip) shows a message saying "site expired".

I...

this system doesn't work, because simply it doesn't have a definite set of rules on when to enter or exist or take profit of a trade, what u see here is hind sight trades telling that they took such position on such pair and made such profit following the system, but at the same time there is a lot of other losing trades with same conditions as the ones they posted, when you ask them why you didn't take it, they say they didn't feel it was a good trade!, you see 'feel', it is all about feelings, hence there is no system

save you money, no one who has a system that makes him money will share it with you even if you pay him because simply he doesn't need you if his system already make him money
  • #24,389
  • Jul 15, 2011 5:42am Jul 15, 2011 5:42am
Quoting ziko123
this system doesn't work, because simply it doesn't have a definite set of rules on when to enter or exist or take profit of a trade, what u see here is hind sight trades telling that they took such position on such pair and made such profit following the system, but at the same time there is a lot of other losing trades with same conditions as the ones they posted, when you ask them why you didn't take it, they say they didn't feel it was a good trade!, you see 'feel', it is all about feelings, hence there is no system

save you money, no one who...
You make a lot of incorrect comments:

This system WORKS, the rules are clearly pointed out as PDF, you can`t save your money because the system is FREE anyway.

Regards

Forex37
  • #24,390
  • Jul 15, 2011 8:23am Jul 15, 2011 8:23am
Quoting Forex37
You make a lot of incorrect comments:

This system WORKS, the rules are clearly pointed out as PDF, you can`t save your money because the system is FREE anyway.

Regards

Forex37

how come free and in the commercial section !!, it doesn't work, if it works then everyone in the forum will be using it and no other systems will be popping out every day
  • #24,391
  • Jul 15, 2011 9:07am Jul 15, 2011 9:07am
Quoting M_j
I guess the correct link is: http://www.fxtradeblog.com/bladerunnerp1.html
Hahaha! very smart of me... I just clicked the link as it was without checking. Thanks for pointing out.
  • #24,392
  • Jul 15, 2011 5:32pm Jul 15, 2011 5:32pm
Quoting ziko123
this system doesn't work, because simply it doesn't have a definite set of rules on when to enter or exist or take profit of a trade, what u see here is hind sight trades telling that they took such position on such pair and made such profit following the system, but at the same time there is a lot of other losing trades with same conditions as the ones they posted, when you ask them why you didn't take it, they say they didn't feel it was a good trade!, you see 'feel', it is all about feelings, hence there is no system

save you money, no one...
If you do not get anything for free, then why to you even look for things on forexfactory? I would tell you that I make $ on forex, but you would probably not believe me. I have added a few twists to phillip's system, some from youtube... sionsmith, to make myself profitable. By the way if you look back you can see some of my trades were live and I don't believe any of them were losing trades. This is going to be my last response to you b/c I really don't think you are worth my time

Raymond
  • #24,393
  • Edited 5:59am Jul 16, 2011 5:26am | Edited 5:59am
Quoting alright
Hahaha! very smart of me... I just clicked the link as it was without checking. Thanks for pointing out.
Sorry Alright & Alicimo,

I Hope You have alredy found the link by now. Sorry I was very busy.

I think as a newbie(me too) we need a mentor and I can say that we are very lucky cos Ramond(the most senior person in this thread) is still around & I think Raymond won't mind to guide us.
I observe Ramond is using MIG demo account.
So next time we should post the charts only from MIG broker so it's going to be very easy for Raymond to response back and also we are looking at the same chart. And we also are going to trade only EU & GU.
So wait for Raymond to response about this matter.

Cheers,

Peed.
  • #24,394
  • Edited 6:02am Jul 16, 2011 5:50am | Edited 6:02am
Quoting Morelands
In Phillip's early days, if I am correct, he traded the GBP and EUR.
Raymond
Dear Raymond,

What do you think about my suggestion using only MIG demo account to post & trade only EU & GU? Just for Newbies.
I also know that you are working full time and also look after 3 kids. If it's too difficult for you, we all nowbies( I hope) understand the problem.

The below mention was trying to tell to my newbie friends not to trade many pairs. I didn't mean to direct to you which I dare not. I'm very sorry
"4hrs MACD system is very powerful infact we can actually trade only one pair bcos we can trade trend, counter trend, range & breakout. If we know that pair very well we can make money. My 2 pips."

Best Regards,

Peed.
  • #24,395
  • Jul 16, 2011 7:27am Jul 16, 2011 7:27am
Quoting Morelands
If you do not get anything for free, then why to you even look for things on forexfactory? I would tell you that I make $ on forex, but you would probably not believe me. I have added a few twists to phillip's system, some from youtube... sionsmith, to make myself profitable. By the way if you look back you can see some of my trades were live and I don't believe any of them were losing trades. This is going to be my last response to you b/c I really don't think you are worth my time

Raymond
hi

can you explain your twist. ? you can pm me if you wish.


thanks
  • #24,396
  • Jul 16, 2011 10:52am Jul 16, 2011 10:52am
Quoting peed
Sorry Alright & Alicimo,

I Hope You have alredy found the link by now. Sorry I was very busy.

I think as a newbie(me too) we need a mentor and I can say that we are very lucky cos Ramond(the most senior person in this thread) is still around & I think Raymond won't mind to guide us.
I observe Ramond is using MIG demo account.
So next time we should post the charts only from MIG broker so it's going to be very easy for Raymond to response back and also we are looking at the same chart. And we also are going to trade only EU & GU.
So wait for...
That is very nice of you to think of me as a mentor, but I'm just another trader. We have other good traders that pop in and out. I do use MIG and Interbank demo accounts plus my real account (which I have never, nor will I post). They show me different time frames which can be helpful, so if people want to use different time frames that is just fine. Also, if people want to trade other pairs that is completely up to them, I just won't respond to them b/c I only follow the GBP and EUR.
Besides if people are going to become profitable traders I don't believe I'm going to be the deciding factor nor is it going to be whether their 4hr candle closes at a different time . It is up to each individual to struggle, fall down, and get back up MANY, MANY times

Raymond
  • #24,397
  • Jul 17, 2011 7:36am Jul 17, 2011 7:36am
Quoting Morelands
That is very nice of you to think of me as a mentor, but I'm just another trader. We have other good traders that pop in and out. I do use MIG and Interbank demo accounts plus my real account (which I have never, nor will I post). They show me different time frames which can be helpful, so if people want to use different time frames that is just fine. Also, if people want to trade other pairs that is completely up to them, I just won't respond to them b/c I only follow the GBP and EUR.
Besides if people are going to become profitable traders...
Thanks Raymond. Me & I guess most of all newbies are very happy that you the most senior trader is still around in this thread.

Best regards,

Peed
  • #24,398
  • Jul 17, 2011 11:49am Jul 17, 2011 11:49am
Quoting whatfx
hi

can you explain your twist. ? you can pm me if you wish.


thanks
You can find the MACD indi from fxtradeblog that was mentioned on the previous page. It's Palmer's site
Raymond
  • #24,399
  • Jul 19, 2011 10:06am Jul 19, 2011 10:06am
save you money, no one who has a system that makes him money will share it with you even if you pay him because simply he doesn't need you if his system already make him money

http://www.forexfactory.com/images/buttons/quote.gif

  • #24,400
  • Jul 19, 2011 5:22pm Jul 19, 2011 5:22pm
Here is a trade I took last night at 8:00GMT or in the middle of the night for me. I'm thinking about posting most of my trades live for a little while to shut some people up, but I'm not sure if I'm ever going to do it at that hour, other than to state my entry. However, it will not be forever b/c the point of this whole forum is to learn.
The 1st chart is of the daily. I always start my trades from there. You can see the morning star candle formation indicating higher prices to come. You can also see the hammer candle off the 200 MA (orange MA). Based on those 2, I was looking for long trade. One other thing to notice is where price found resistance earlier, the 21 MA (green) which is where my profit target was.
The second chart is the one hour chart. On the chart is the fib (which I use and is not part of the system) and the channel/retracement where price has been recently. You can see that price slightly broke out and came back in the channel only to find support and break back out. The arrow shows the 2 candles, one red and the green candle that follows engulfs the red. This is called railroad track formation, if I'm correct, showing that price has found support again and that a bottom has been found and also forming a higher low
I hope that was clear
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