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4 Hour Strategy (MACD)

  • #24,441
  • Jul 28, 2011 11:12pm Jul 28, 2011 11:12pm
Quoting trademin
I saw oppotunity in AUDUSD and took 133 pips +.I used also the 8 and 21 ema from the daily chart to support the trade.
Sorry, my mistake. It's a perfect of Trademin
  • #24,442
  • Jul 28, 2011 11:54pm Jul 28, 2011 11:54pm
thank you baipeng, but trades are not always giving me that kind of result!

hoping that infos I e-mail you were helpfull.

Yvon
Yvon
  • #24,443
  • Jul 29, 2011 11:04am Jul 29, 2011 11:04am
Quoting Morelands
I'd send you a private message but appearently you have turned off that function. I can only imagine why. Phillip has started a trading journal and you are more than willing to keep track of his trades for the next year. Watch his trades and see if it meets your standards and then comment after a year. His post is approx 2 pages back and lists his thread which you can click on.
I simply don't understand why you keep popping back up. I can only assume you are an unsuccessful trader and need to take out your frustration on someone or something. My...
you always don't answer my post contents and distract us about generic talk about how this is great system, I posted just one example of a continuation trade that isn't listed the list he had on the other system, you know the system, correct ?, so tell me why you this trade wasn't taken although it is a valid one, my answer is that all the results he talk about are in hindsight, he tries to make the system look good to sell it to make money, if his system is already that great then he doesn't need to sell it,
so answer my post about why that trade wasn't taken, of course the answer will be some fibo and candle patterns and other staff which isn't mentioned in the system, or about the magic answer about market rhythm,
I'm trying to save people money, they have to think it in a logical way, they have to imagine that if they have a system that makes them good money, will they come and post it here for free or even for money ?, or if this system is that great and it's 5 years old then why new systems comes every day,

and please answer my question about that trade
  • #24,444
  • Jul 29, 2011 11:56am Jul 29, 2011 11:56am
Quoting ziko123
... so tell me why you this trade wasn't taken although it is a valid one...
Because this is not "signal" system. Like you said "market rythm" is the key..and many other... You can choose trade which you take..not pc. You need to live in symbiosis with 4Hour MACD strategy that is answer... and yes for Philip Nel it is system which work for him, why not share trades or selling signal if he can make nice profits??...and also newbies can learn something...
  • #24,445
  • Jul 29, 2011 1:08pm Jul 29, 2011 1:08pm
the target is 1.0675 for now...
Yvon
  • #24,446
  • Jul 29, 2011 1:13pm Jul 29, 2011 1:13pm
there is the chart...
Attached File(s)
File Type: doc 110729AUDUSD.doc   258 KB | 313 downloads
Yvon
  • #24,447
  • Jul 29, 2011 1:38pm Jul 29, 2011 1:38pm
Is there like a minimum pip range? For example I used to put like SL at 10-15 pips, and the same or higher TP. But very, VERY often, my prediction is right but the price fluctuates and goes to the SL, so I loose. I would have like 2 good trades out of 10!
So is there a minimum? like 30 pips or more? I know there is no rule but what do you do?
  • #24,448
  • Jul 29, 2011 1:47pm Jul 29, 2011 1:47pm
It's a mechanical system. Balance the odds and trade accordingly. Ultimately there is some subjectivity. Successful traders realise this so you need to consider confluence of price action, trendlines, support/resistance, round numbers along with fibos, moving averages and MACD. I suggest you check what a TC is and do some candlestick study. The 1600 candle is closer to a zero break, midway between two pretty clear round bottom / top signals. Shadows/wicks are important to note too.

Quoting ziko123
you always don't answer my post contents and distract us about generic talk about how this is great system, I posted just one example of a continuation trade that isn't listed the list he had on the other system, you know the system, correct ?, so tell me why you this trade wasn't taken although it is a valid one, my answer is that all the results he talk about are in hindsight, he tries to make the system look good to sell it to make money, if his system is already that great then he doesn't need to sell it,
so answer my post about why that trade...
Attached Image (click to enlarge)
Click to Enlarge Name: eu240311ai.gif Size: 37 KB
  • #24,449
  • Jul 29, 2011 2:22pm Jul 29, 2011 2:22pm
hi, here is a idea for gaging the size of a SL:
have a nice day,
Attached File(s)
File Type: doc Glacier ATR.doc   194 KB | 376 downloads
Yvon
  • #24,450
  • Jul 29, 2011 2:27pm Jul 29, 2011 2:27pm
the missing chart.
Attached File(s)
File Type: doc Glacier ATR2.doc   140 KB | 373 downloads
Yvon
  • #24,451
  • Jul 29, 2011 3:25pm Jul 29, 2011 3:25pm
Quoting kichigai
It's a mechanical system. Balance the odds and trade accordingly. Ultimately there is some subjectivity. Successful traders realise this so you need to consider confluence of price action, trendlines, support/resistance, round numbers along with fibos, moving averages and MACD. I suggest you check what a TC is and do some candlestick study. The 1600 candle is closer to a zero break, midway between two pretty clear round bottom / top signals. Shadows/wicks are important to note too.
great so it is a subjective system at the end, which means one using it can be successful and other one can fail, so please no claim that's it is a winning system since each trader will take and leave signals based on criteria that are outside the system
  • #24,452
  • Edited 3:59pm Jul 29, 2011 3:47pm | Edited 3:59pm
Quoting glacier
Is there like a minimum pip range? For example I used to put like SL at 10-15 pips, and the same or higher TP. But very, VERY often, my prediction is right but the price fluctuates and goes to the SL, so I loose. I would have like 2 good trades out of 10!
So is there a minimum? like 30 pips or more? I know there is no rule but what do you do?
It depends which time frame you use... If you use 4H than 10-15 is toooo low. It also depends on your trading style, signals,.. minimum for me is 35(at optimal condition) but can be easily 50-60pips or more.Usually add SL over the last high(low), support, resistance and so. Check latest chart EURUSD and check attached my picture. I was too lazy to wrote there numbers RR in trend trades usually 1:2,1:3 ; I dont like trade against trend, but if I trade it then only RR 1:1.
I rather use PRICE levels than plenty of EMAs...for me is more clearly with price levels...but also can't take every signal(trade)... It easy to look back on chart and tell - here I enter, there will be TP and so... trading on the right side is fu**ing hard.

Accomodate position SIZE to your SL. NEVER accomodate range of SL to the possition size!!!!!!!!!!

Just watch charts, delete all indicators what you have attached, ZOOM OUT and One day you wake up and you will see things that you never see before on the right side of the chart

KEEP IT SIMPLE, simple&stupid systems are the best
Attached Image (click to enlarge)
Click to Enlarge Name: Screen.jpg Size: 253 KB
  • #24,453
  • Jul 30, 2011 9:53am Jul 30, 2011 9:53am
Quoting ziko123
you always don't answer my post contents and distract us about generic talk about how this is great system, I posted just one example of a continuation trade that isn't listed the list he had on the other system, you know the system, correct ?, so tell me why you this trade wasn't taken although it is a valid one, my answer is that all the results he talk about are in hindsight, he tries to make the system look good to sell it to make money, if his system is already that great then he doesn't need to sell it,
so answer my post about why that trade...
Not my trade, phillip's. Ask him. Congrats on finding a losing trade
  • #24,454
  • Edited 10:12am Jul 30, 2011 9:53am | Edited 10:12am
Quoting ziko123
great so it is a subjective system at the end, which means one using it can be successful and other one can fail, so please no claim that's it is a winning system since each trader will take and leave signals based on criteria that are outside the system
Go find an EA

Your ignored
  • #24,455
  • Edited 1:45pm Jul 30, 2011 12:33pm | Edited 1:45pm
Quoting ziko123
you always don't answer my post contents and distract us about generic talk about how this is great system, I posted just one example of a continuation trade that isn't listed the list he had on the other system, you know the system, correct ?, so tell me why you this trade wasn't taken although it is a valid one, my answer is that all the results he talk about are in hindsight, he tries to make the system look good to sell it to make money, if his system is already that great then he doesn't need to sell it,
so answer my post about why that trade...
Right.
First of all There is no TC signal on the 24/03/2011. Can you please post a picture so that I can see the TC pattern you are refering to. I am posting mine and there is no signal. It could be possible that I have missed out a signal but it still dont mess up my overall backtesting results. I am going to trade those currency pairs at the times specified for the next year so you can follow it if you want.

Secondly I dont sell this system at all and never will as I have given it free for FF and its members. You can check out my website www.phillipnel.co.za and see for yourself what it is all about and if I am selling this system. I havent made a cent out of this 4Hour MACD system.

Thirdly I was trading live in May2011 using the market rhythm and posted some videos about it on the thread. You can watch them if you want to and see it is not just about MACD signals but recognising the rhythm of people's decisions about knowledge they have..

Fourthly I have shared this system free because of the plenty systems advertised for $$$$$$ everyday in my inbox. I get more strategies advertised to buy in a day then the amount of trades I make in a month. Why new systems all the time. Because they dont work and they want peoples money. I have given a lot of the strategies on my website away for free as well. It is not all about making money selling strategies. There is a 5min strategy with live videos as I traded them 157 trades in 15months with 125 correct and 32 wrong. The gain out of the website which is not even more then 3 times my cost($100) per month are there to support my daughter in her youth ministry at a disadvantage kids primary school. It does not even go into my pocket. Maybe you can buy one and make a contribution to black disadvantage kids here in South Africa. Over 60% of the school kids does not have both of their parents looking after them due to disvorce, aids, etc. A lot of them lost both there parents through aids.

The 4H MACD Market Rhythm system is based upon human decision regarding there interpretation of news(information) they have and therefore it will be effective as long as there is people trading it.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H MACD.gif Size: 22 KB
  • #24,456
  • Jul 30, 2011 1:02pm Jul 30, 2011 1:02pm
Video posted on Trading Journal

http://www.forexfactory.com/showthre...94#post4823394
  • #24,457
  • Jul 31, 2011 10:44pm Jul 31, 2011 10:44pm
Quoting Phillip Nel
Video posted on Trading Journal

http://www.forexfactory.com/showthre...94#post4823394

What do you mean by 400 candle, 1200 candle and so on? And why does that mean that we should not trade?
Sorry if it's a dumb question, but it eludes me, and I searched but found no explanation..
  • #24,458
  • Aug 1, 2011 12:00am Aug 1, 2011 12:00am
And, a big thanks to trademin and deathless. it really helped! Cheers!
  • #24,459
  • Aug 1, 2011 12:26am Aug 1, 2011 12:26am
you,re welcome.
Yvon
  • #24,460
  • Aug 1, 2011 6:41am Aug 1, 2011 6:41am
Quoting Phillip Nel
Just some guidelines about backtesting and how important it is for your plan.

http://www.machetesoft.com/home/abou...itor-lite.html

Use this free editor to stick the 2 videos together
Thanks
Phillip
These are great stuff, Phillip. Again, much appreciated.
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