4 Hour Strategy (MACD) | Page 1229 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #24,561
  • Edited Sep 1, 2011 3:32am Aug 31, 2011 8:26pm | Edited Sep 1, 2011 3:32am
Hi everyone,

I wonder if anybody would be taking this trade? Seems that AUDUSD has forming a divergence setup. Maybe anybody can advice? Thankyou!
Attached Image
  • #24,562
  • Sep 1, 2011 6:54pm Sep 1, 2011 6:54pm
Quoting ganoderma
Hi everyone,

I wonder if anybody would be taking this trade? Seems that AUDUSD has forming a divergence setup. Maybe anybody can advice? Thankyou!
Attached two charts with MACD diversion pattern.
There is a long term MACD which approximate the daily MACD.
The ADX shows the bullish atmosphere.

Please note the difference in the indicators for the succsesful diversion pattern and the one you posted.

The other thing is that EMA8 does show strong support.

With the information up to the point you posted it, the chart did not show enough proof that there may be a drop in price any time soon.

Just my 2 cents.

Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: h2.gif Size: 32 KB
  • #24,563
  • Sep 1, 2011 8:53pm Sep 1, 2011 8:53pm
I can't believe I missed todays EUR move. It was set up by an evening star on the daily. My wife doesn't really understand why I get frustrated, I can't swear in front of my kids, so I went for a run. I'm not sure it helped. On the up side, this should set up a nice short around 4360
Raymond
  • #24,564
  • Sep 1, 2011 9:28pm Sep 1, 2011 9:28pm
Quoting davidwu61
Attached two charts with MACD diversion pattern.
There is a long term MACD which approximate the daily MACD.
The ADX shows the bullish atmosphere.

Please note the difference in the indicators for the succsesful diversion pattern and the one you posted.

The other thing is that EMA8 does show strong support.

With the information up to the point you posted it, the chart did not show enough proof that there may be a drop in price any time soon.

Just my 2 cents.

Attachment

Attachment
Hi David, thanks for your explanation. Yes, I guess 8 ema does a quite support here. It's just that I confuse about divergence for diversion. Don't you think that price should do the correction by going down? How to differentiate true divergence and false divergence as diversion per you noted? Excuse me as I don't understand how to read your indicators. Need your further explanation... Thank you!
  • #24,565
  • Sep 1, 2011 9:32pm Sep 1, 2011 9:32pm
Quoting Morelands
I can't believe I missed todays EUR move. It was set up by an evening star on the daily. My wife doesn't really understand why I get frustrated, I can't swear in front of my kids, so I went for a run. I'm not sure it helped. On the up side, this should set up a nice short around 4360
Raymond
Hi Raymond, I seen that EUR had a quite down move yesterday too, but I just can't find any signal for an entry. Could you kindly show us the sell signal? Thank you!
  • #24,566
  • Edited Sep 2, 2011 1:53pm Sep 1, 2011 11:00pm | Edited Sep 2, 2011 1:53pm
Quoting ganoderma
Hi David, thanks for your explanation. Yes, I guess 8 ema does a quite support here. It's just that I confuse about divergence for diversion. Don't you think that price should do the correction by going down? How to differentiate true divergence and false divergence as diversion per you noted? Excuse me as I don't understand how to read your indicators. Need your further explanation... Thank you!
>diversion
sorry for my typo

> Don't you think that price should do the correction by going down?

That is not what I mean.

I am saying that it is too early to say because daily MACD and ADX still shows bullish sign. (daily MACD is going up, ADX is still bullish)

Another point I am trying to make is that MACD divergence pattern alone does not assure a good trade. It is better to verify with other indicators.

> My extra indicator

MACD 30,78,6 (approximate daily 5,13,6 MACD)

ADX:
http://stockcharts.com/school/doku.p...onal_index_adx
  • #24,567
  • Edited 2:17pm Sep 2, 2011 10:41am | Edited 2:17pm
I took 44 pips cause stopped out by stoploss.
I went right back in and still running
Yvon

15:15hrsI just move my stoploss to secure another 20 pips aprox
Attached File(s)
File Type: doc 110831EURGBP.doc   725 KB | 359 downloads
Yvon
  • #24,568
  • Sep 2, 2011 2:08pm Sep 2, 2011 2:08pm
this kind of trade is exceptionnal, I made a gain of 500 pips.(I don't beleive it myself!)-
the daily chart showed a fanion on the Macd...round top...then I switch on the 4 hours chart...
Attached File(s)
File Type: doc 110825EURUSDFF.doc   462 KB | 323 downloads
Yvon
  • #24,569
  • Sep 2, 2011 2:51pm Sep 2, 2011 2:51pm
Quoting trademin
this kind of trade is exceptionnal, I made a gain of 500 pips.(I don't beleive it myself!)-
the daily chart showed a fanion on the Macd...round top...then I switch on the 4 hours chart...
Congratulation, most Eur related pairs are oversold, it took gust to enter.
Scary ride for me.
  • #24,570
  • Sep 2, 2011 3:32pm Sep 2, 2011 3:32pm
Quoting davidwu61
Congratulation, most Eur related pairs are oversold, it took gust to enter.
Scary ride for me.
thanks, I still have open trades on EURGBP and EURUSD...
both pairs are short with pending gain... I know I shouldn't have open trades on the weekend, too late...

Yvon
Yvon
  • #24,571
  • Sep 2, 2011 5:36pm Sep 2, 2011 5:36pm
Quoting ganoderma
Hi Raymond, I seen that EUR had a quite down move yesterday too, but I just can't find any signal for an entry. Could you kindly show us the sell signal? Thank you!
1st chart is the daily with all the MA removed. Notice we are in a ranging market!!!!!!!!!. Notice how price is reversing around the 38 and 61 purple fibs. In a ranging market look for reversal signals...a evening star formation is in the blue rectangle (if you take out the red candle which was Sun).
The next chart is the one hour. You can see where I should of, could of...entered. The nice thing about forex is that will come around again and the Sun candle won't fool me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 090211-nt.gif Size: 33 KB
Click to Enlarge Name: 090211-nt2.gif Size: 31 KB
  • #24,572
  • Sep 3, 2011 2:22am Sep 3, 2011 2:22am
Quoting davidwu61
>diversion
sorry for my typo

> Don't you think that price should do the correction by going down?

That is not what I mean.

I am saying that it is too early to say because daily MACD and ADX still shows bullish sign. (daily MACD is going up, ADX is still bullish)

Another point I am trying to make is that MACD divergence pattern alone does not assure a good trade. It is better to verify with other indicators.

> My extra indicator

MACD 30,78,6 (approximate daily 5,13,6 MACD)

ADX:
http://stockcharts.com/school/doku.p...onal_index_adx...
Thanks David, I guess I need to learn more about ADX. Currently, I just using default MACD (5,13,1). Seems that AUD was really came down on Friday. It's just that I'm not sure which signal to take...
  • #24,573
  • Sep 3, 2011 2:23am Sep 3, 2011 2:23am
Quoting Morelands
1st chart is the daily with all the MA removed. Notice we are in a ranging market!!!!!!!!!. Notice how price is reversing around the 38 and 61 purple fibs. In a ranging market look for reversal signals...a evening star formation is in the blue rectangle (if you take out the red candle which was Sun).
The next chart is the one hour. You can see where I should of, could of...entered. The nice thing about forex is that will come around again and the Sun candle won't fool me
Thank you for showing the signals Raymond... and yes next trade will come again and what we need is just to be ready... Many pips to you...
  • #24,574
  • Sep 3, 2011 5:05am Sep 3, 2011 5:05am
Quoting Morelands
1st chart is the daily with all the MA removed. Notice we are in a ranging market!!!!!!!!!. Notice how price is reversing around the 38 and 61 purple fibs. In a ranging market look for reversal signals...a evening star formation is in the blue rectangle (if you take out the red candle which was Sun).
The next chart is the one hour. You can see where I should of, could of...entered. The nice thing about forex is that will come around again and the Sun candle won't fool me
Once the bearish bar on the 1 hr broke the trend line and closed, did you place a sell order above the close at the trend line, then entered when price pulled back to from the pinbar?
WARNING: Don't follow me as I'm just learning
  • #24,575
  • Sep 3, 2011 8:37am Sep 3, 2011 8:37am
Quoting adam777
Once the bearish bar on the 1 hr broke the trend line and closed, did you place a sell order above the close at the trend line, then entered when price pulled back to from the pinbar?

I did not trade this one. I just posted this b/c I was irritated that I missed it

Raymond
  • #24,576
  • Edited Sep 5, 2011 2:39am Sep 4, 2011 10:23pm | Edited Sep 5, 2011 2:39am
Hi all,

I just took CT GBPUSD again. This time is because price seems to be holding on 200 Daily. Price seems also formed Double Bottoms on H4 with MACD divergence. I hope this is NOT a consol triangle setup. Wish me luck...

EDIT: -48.5 pips (SL triggered)

Can someone explain what's wrong with my trade? Thank you!
Attached Images
  • #24,577
  • Sep 5, 2011 8:08am Sep 5, 2011 8:08am
Quoting trademin
I took 44 pips cause stopped out by stoploss.
I went right back in and still running
Yvon

15:15hrsI just move my stoploss to secure another 20 pips aprox
sept5: got out by SL too close(again!) grab 40 pips.
Yvon
  • #24,578
  • Edited 10:23am Sep 5, 2011 9:46am | Edited 10:23am
Closed partial trade with gains of 166 pips.

Yvon

lost of 20 pips on the balance of position: 166-20=146 pips gain
Attached File(s)
File Type: doc 110905EURUSD.doc   289 KB | 353 downloads
Yvon
  • #24,579
  • Sep 5, 2011 12:43pm Sep 5, 2011 12:43pm
Quoting ganoderma
Hi all,

I just took CT GBPUSD again. This time is because price seems to be holding on 200 Daily. Price seems also formed Double Bottoms on H4 with MACD divergence. I hope this is NOT a consol triangle setup. Wish me luck...

EDIT: -48.5 pips (SL triggered)

Can someone explain what's wrong with my trade? Thank you!
I THINK YOU ARE trading against the THE HIGHER TREND.....which is BEARISH at the moment
  • #24,580
  • Sep 5, 2011 7:11pm Sep 5, 2011 7:11pm
Quoting trademin
Closed partial trade with gains of 166 pips.

Yvon

lost of 20 pips on the balance of position: 166-20=146 pips gain
Good for you
55 traders viewing now