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4 Hour Strategy (MACD)

  • #24,641
  • Sep 23, 2011 11:38am Sep 23, 2011 11:38am
Super !
Moi c est Yves , français du sud de la France , Carcassonne !!
A+
Good trading !
zaba1
  • #24,642
  • Sep 24, 2011 4:44pm Sep 24, 2011 4:44pm
Quoting zaba1
Super !
Moi c est Yves , français du sud de la France , Carcassonne !!
A+
Good trading !
zaba1
the "Café Flore" has very good "Cafée au lait" and what about "le crottin de chèvre" as beeing part of a late breakfast!
Yvon
  • #24,643
  • Sep 26, 2011 12:03am Sep 26, 2011 12:03am
Gain of 145 pips.
Attached File(s)
File Type: doc 110923EURUSD.doc   739 KB | 369 downloads
Yvon
  • #24,644
  • Sep 26, 2011 2:24pm Sep 26, 2011 2:24pm
I'm waiting for close above the 21 ema. MACD looks favorable for a long. Also the 1.3500 acting as resistance. Any thoughts?
Attached Image
  • #24,645
  • Sep 26, 2011 2:58pm Sep 26, 2011 2:58pm
Hi Reed,
There is a probability that price might go long if it closes above 1.3500. But if you are following Phillip Nel's strategy then you could have entered long some hjours ago and your target hit. My chart explains that.
Regards.
Attached Image (click to enlarge)
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  • #24,646
  • Sep 26, 2011 3:29pm Sep 26, 2011 3:29pm
Thanks Edonya. Yes I am following after coming across this strategy a couple weeks ago. I missed the pinbar and follow through. My charts showing 2 4 hourpinbars in a row but the 21 ema and the 1.3500 blocking the way. Does Phillip Nell still post?
  • #24,647
  • Sep 26, 2011 5:03pm Sep 26, 2011 5:03pm
Winston,
You are right that it looks bullish right now. There is a nice base and a candle close near the top of the wicks.
Wouldn't be surprised if there is a slow, bumpy road up to the 89 MA.
However, it's a pretty powerful downtrend, so I'm going to patiently wait for a TC trade rather than going against the trend.
There were several times (see rectangles) where it looked bullish, but violently reversed (so keep a tight stop if you take the trade).
Attached Image (click to enlarge)
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  • #24,648
  • Sep 27, 2011 9:27pm Sep 27, 2011 9:27pm
I collected 55 pips on the move up. Price has moved through the 8 and the 21 and looks to be retesting the 8 and 21 MAs for a possible move up again. The MACD looks like a rounded top but I'm favoring a TC to the upside. But I will let price reveal itself. What do you all think, Hookem, Edonya?

Hookem. Do you only trade the 4 hour strategy or do you use Phillips 5 min strategy also? I like to watch the 5 minute on entry just to make sure price is moving in my intended direction. Good luck trading!
  • #24,649
  • Sep 27, 2011 9:29pm Sep 27, 2011 9:29pm
Here is chart for above post
Attached Image
  • #24,650
  • Edited Sep 28, 2011 5:50am Sep 27, 2011 10:53pm | Edited Sep 28, 2011 5:50am
open trade...

target reached: gain 151 pips
Attached File(s)
File Type: doc 110927EURCAD1.doc   455 KB | 355 downloads
Yvon
  • #24,651
  • Sep 28, 2011 12:44am Sep 28, 2011 12:44am
Quoting Winston Reed
I collected 55 pips on the move up. Price has moved through the 8 and the 21 and looks to be retesting the 8 and 21 MAs for a possible move up again. The MACD looks like a rounded top but I'm favoring a TC to the upside. But I will let price reveal itself. What do you all think, Hookem, Edonya?

Hookem. Do you only trade the 4 hour strategy or do you use Phillips 5 min strategy also? I like to watch the 5 minute on entry just to make sure price is moving in my intended direction. Good luck trading!
Hi Reed,
It can form a TC for a long on the 4 hrs, but when looking at daily a TC for short is also anticipated. Also the tails on the 4 hr need to be taken into consideration. For me i wont take the TC if it forms. I am using FXPRO platform to comment on that set up.
Regards.
  • #24,652
  • Edited 1:24am Sep 28, 2011 12:54am | Edited 1:24am
open trade, I went short on that one.

2:01hr : SL moved to 1.3583

2:22hr : closed trade : lost 22 pips.
Attached File(s)
File Type: doc 110927EURUSD1.doc   609 KB | 330 downloads
Yvon
  • #24,653
  • Sep 28, 2011 5:52am Sep 28, 2011 5:52am
Quoting Winston Reed
I collected 55 pips on the move up. Price has moved through the 8 and the 21 and looks to be retesting the 8 and 21 MAs for a possible move up again. The MACD looks like a rounded top but I'm favoring a TC to the upside. But I will let price reveal itself. What do you all think, Hookem, Edonya?

Hookem. Do you only trade the 4 hour strategy or do you use Phillips 5 min strategy also? I like to watch the 5 minute on entry just to make sure price is moving in my intended direction. Good luck trading!
Congrats on the trade, Winston! Reached the 89 MA pretty quickly. Are you still in the position?
I use several other strategies besides the 4-Hour, but I try not to post them on the 4-Hour thread. One of my favorite strategies is to find prices with multiple forms of resistance, and trade for a trend reversal (in the direction of the long-term trend).
I also have a range-trading strategy that I have been using on the Yen for weeks now. The 5-minute strategy is a bit too fast-paced for me.
Do you use any other strategies?
If you would like to talk about them, shoot me a PM.
  • #24,654
  • Sep 28, 2011 8:02am Sep 28, 2011 8:02am
Quoting Winston Reed
I collected 55 pips on the move up. Price has moved through the 8 and the 21 and looks to be retesting the 8 and 21 MAs for a possible move up again. The MACD looks like a rounded top but I'm favoring a TC to the upside. But I will let price reveal itself. What do you all think, Hookem, Edonya?

Hookem. Do you only trade the 4 hour strategy or do you use Phillips 5 min strategy also? I like to watch the 5 minute on entry just to make sure price is moving in my intended direction. Good luck trading!
Hi Reeds,
Their was a nice TC which went straight to 89. It was a nice one although i didnt take it.
I wasnt comfortable with the TC but it worked out very well.
  • #24,655
  • Sep 28, 2011 8:41am Sep 28, 2011 8:41am
I think at this point I am waiting for the break and close above the 89 or perhaps another bounce off the 21 ema with MACD confirmation. Same for short but need close below the 21 ema with no barriers. Seems could go either way.
  • #24,656
  • Sep 28, 2011 8:42am Sep 28, 2011 8:42am
Just wondering for you traders that take countertrend trades. What gives you confidence to do so?
  • #24,657
  • Sep 28, 2011 4:22pm Sep 28, 2011 4:22pm
Hi traders, have been following each n every post in this thread. Followed Philip when he updated his MACD from 5,13,1 to 10, 22,1. Have placed them 2 in the same template and it works wonders. the new one reduces "noise" n "tension" when flowing with the trend.
Patient will work for you if u respect it.
Thank u all.
Edonya...MWAH!!!! my mentor in our home town...

comments r always welcome
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  • #24,658
  • Sep 28, 2011 7:29pm Sep 28, 2011 7:29pm
I haven't read the entire thread. What page is the update to 10,22,1 on?
  • #24,659
  • Sep 29, 2011 12:51pm Sep 29, 2011 12:51pm
Anyone who took this trade on AUDUSD. I took and it is almost getting to my target.
There are other TCs like the USDCAD,EURAUD, NZDUSD

Take only TCs and you will make a living out of forex but practice practice to get the high probability ones.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 10 KB
  • #24,660
  • Oct 2, 2011 6:28pm Oct 2, 2011 6:28pm
i was very late in the trade: +143pips.
Attached File(s)
File Type: doc 110930EURUSD --.doc   604 KB | 380 downloads
Yvon
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