4 Hour Strategy (MACD) | Page 1247 | 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)

  • #24,921
  • Mar 15, 2012 4:07am Mar 15, 2012 4:07am
Hi Everybody,

I am a new comer and find Phillip's work so impressive and try to observe the pattern before engage in real trade. On this few days, I am looking at the 4-hr MACD of GBP and find that at 4:00 of 14 March 2012, there appears a chance of continuous downward trend at there is a turn around at zero line of MACD (as shown in the blue circle in the attached photo.) By Phillip's method, the entry point will be SHORT GBP at 1.5658.

Right now it is more than 24 hours after entry, but GBP move up and down between 1.5745 and 1.5635 and stay around 1.566. For a beginner, is it good to square his position at that time (since the MACD pattern after entry just move around the zero line but not show any clear trend)? Sorry for my poor English but hope to get some advice on that issue.
Attached Image
  • #24,922
  • Edited 12:08pm Mar 15, 2012 10:18am | Edited 12:08pm
Quoting Viking Nash
Hi Everybody,

I am a new comer and find Phillip's work so impressive and try to observe the pattern before engage in real trade. On this few days, I am looking at the 4-hr MACD of GBP and find that at 4:00 of 14 March 2012, there appears a chance of continuous downward trend at there is a turn around at zero line of MACD (as shown in the blue circle in the attached photo.) By Phillip's method, the entry point will be SHORT GBP at 1.5658.

Right now it is more than 24 hours after entry, but GBP move up and down between 1.5745 and 1.5635 and stay...
I'm currently in this one. Price should break to the south by the end of the week. Look at the daily and see the large daily candle and broke the 55 ema (It's an ema that I use) which had acted as support and resistance for a long time. The trend is currently down..look at the channel it is in also. Just be patient

Raymond

Edit: Although it's not looking good at this point. Wait and see how the candle closes
  • #24,923
  • Mar 15, 2012 8:47pm Mar 15, 2012 8:47pm
Quoting Morelands
I'm currently in this one. Price should break to the south by the end of the week. Look at the daily and see the large daily candle and broke the 55 ema (It's an ema that I use) which had acted as support and resistance for a long time. The trend is currently down..look at the channel it is in also. Just be patient

Raymond

Edit: Although it's not looking good at this point. Wait and see how the candle closes
Thanks Raymond, but I guess a stoploss should be placed above 1.5745 as this level have been tested twice in the past two days. I understand that not every trade is a sure win but only a consistent following the rules will gain an overall net profit in long run.

Viking
  • #24,924
  • Mar 17, 2012 12:42am Mar 17, 2012 12:42am
https://lh4.googleusercontent.com/-x...usd-4hmacd.gif

The EUR/USD is moving accordingly to the market rhythm. This is the 4H chart, and the MACD is trying to form Round Top signal. However, the price is very close to 3 of the moving averages. They are: 89, 200 and 365.

Quite a heavy resistance up there. I will wait until the market developed on monday to see, whether the price are able to break above 1.32 - 1.33 level.
Own your own mind.
  • #24,925
  • Mar 17, 2012 9:28am Mar 17, 2012 9:28am
Quoting DrFeelgood
Hi, would you be kind enough to refer me to where the videos posted are, maybe I gain a better understanding please, and experience similar success to yours. Thanks for all your help. Good luck in your trading.
Hello there, you can check on page 1 post 1, philip did post
"Is this strategy still working Feb 2012 Page 1654 Post 24801" so you can go to page 1654 post 24801, there're 3videos altogether and i followed phillip suggestion to download Mahete Lite for free and stick the three videos together. I learn from that video risk:reward which i never understand before and the TC really profited me..
  • #24,926
  • Mar 18, 2012 6:53am Mar 18, 2012 6:53am
thank you Phillip for an excellent strategy. i appreciate all the work and thought that went into this and for sharing with all. i look forward to piecing together my strategy and reading your work. Also, to all who contribute here, thank you.
stay well
george - JHB bliksem!
  • #24,927
  • Mar 20, 2012 3:48am Mar 20, 2012 3:48am
Hope someone can help with with this question:

Traded AUDJPY
Entry = 0.8787
Stop = 8805
Target = 8767
R:R = 1:1.1

If you look at the 4hr and 1 hr MACH charts, don't the chart confirm this as a sell trade? But within minutes it was traded, the price reversed making a loss of 18 pips.

Can someone point out to me where I have gone wrong orwhat has gone wrong with this trade?

Thanks
Attached File(s)
File Type: rar AUDJPY 1hr.rar   55 KB | 310 downloads
File Type: rar AUDJPY 4hr.rar   54 KB | 289 downloads
  • #24,928
  • Mar 20, 2012 9:25am Mar 20, 2012 9:25am
Quoting Fuiyong
Hope someone can help with with this question:

Traded AUDJPY
Entry = 0.8787
Stop = 8805
Target = 8767
R:R = 1:1.1

If you look at the 4hr and 1 hr MACH charts, don't the chart confirm this as a sell trade? But within minutes it was traded, the price reversed making a loss of 18 pips.

Can someone point out to me where I have gone wrong orwhat has gone wrong with this trade?

Thanks
I think you should only concentrate on 1 market. EUR/USD and GBP/USD are the markets Phil recommend using this system, better yet concentrate on EU only, once youre familiar with the market, you will at least get the idea where the price would be going. And Phil advise not to trade every signal of the MACD but use it as an entry or a confirmation of where the price is going, like a Trend continuation.

And you should also check when is the high impact news to avoid enter trade 30mins before and after the high impact news.
  • #24,929
  • Mar 21, 2012 3:00am Mar 21, 2012 3:00am
Looking at EU 4hour MACD, possible HnS pattern forming? Dear Phil, do you have facebook account? maybe can start a group there for discussion.
  • #24,930
  • Mar 21, 2012 9:06am Mar 21, 2012 9:06am
Quoting cuzgeorge
thank you Phillip for an excellent strategy. i appreciate all the work and thought that went into this and for sharing with all. i look forward to piecing together my strategy and reading your work. Also, to all who contribute here, thank you.
stay well
george - JHB bliksem!
Not many will understand you end comment. Hope you find some use for the strategy. It takes some hard work.
Phillip
  • #24,931
  • Mar 21, 2012 9:10am Mar 21, 2012 9:10am
Quoting willie_hwl
Looking at EU 4hour MACD, possible HnS pattern forming? Dear Phil, do you have facebook account? maybe can start a group there for discussion.
I have taken the trade. Will post the video later.
Phillip
  • #24,932
  • Mar 21, 2012 9:15am Mar 21, 2012 9:15am
Quoting Phillip Nel
I have taken the trade. Will post the video later.
Phillip
I took the trade also, short for 40pips and close the trade before the close of 4hour candle..
  • #24,933
  • Mar 21, 2012 9:52am Mar 21, 2012 9:52am
Live trade. It is a holiday here in South Africa so I was at home. Nice.
Attached File(s)
File Type: zip Live trade 21Mch2012.zip   1.9 MB | 1,184 downloads
  • #24,934
  • Mar 21, 2012 9:54am Mar 21, 2012 9:54am
Quoting willie_hwl
I took the trade also, short for 40pips and close the trade before the close of 4hour candle..
Nice trade
  • #24,935
  • Mar 21, 2012 10:06am Mar 21, 2012 10:06am
Quoting Phillip Nel
Nice trade
Thanks, so i guess it can be a valid HnS formation? EU is going down again..
  • #24,936
  • Mar 21, 2012 7:50pm Mar 21, 2012 7:50pm
i guess this strategy works best for D1 i think.. .. H4<D1
  • #24,937
  • Mar 21, 2012 11:42pm Mar 21, 2012 11:42pm
It has been such a difficult week to trade. Is that because of too many news?
  • #24,938
  • Edited 10:12am Mar 27, 2012 9:03am | Edited 10:12am
I took a trade out this morning, that went instantly bad on me and got stopped out. I was wondering if anyone can see where I went bad with this one, or if this was just a case of bad luck... I had my stop loss at 1.60000 and a 1:1 rr. The short was taken at 1.59493. The MACD looked to have a good rounded top forming. I took the trade at 7am cst, which is probably my first mistake, as NY was opening at that time.

edit: And of course, after my stop get hits by a couple of pips, the price turns right back around and starts heading south. So this raises my next question, how far do you need to put a stop to keep your risk reward decent but not get hit like this trade did?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 34 KB
  • #24,939
  • Mar 27, 2012 11:17am Mar 27, 2012 11:17am
Quoting Nate04
I took a trade out this morning, that went instantly bad on me and got stopped out. I was wondering if anyone can see where I went bad with this one, or if this was just a case of bad luck... I had my stop loss at 1.60000 and a 1:1 rr. The short was taken at 1.59493. The MACD looked to have a good rounded top forming. I took the trade at 7am cst, which is probably my first mistake, as NY was opening at that time.

edit: And of course, after my stop get hits by a couple of pips, the price turns right back around and starts heading south. So this...
Hi Nate.

I´m not an experience trader, but imo, you take a counter trade. In this case, there was a tweezer top in a zone of resistance (at least in my chart) that made the trade a little less risky, but it is a counter trade anyway. I´m waiting for a trend continuation.
Imo again, I think that your SL was fine.

Bernardo
  • #24,940
  • Mar 28, 2012 3:56am Mar 28, 2012 3:56am
Nate,

I have experienced the same thing as u did, many times. the most frustrating thing is to be stop put by a few pips. i have not answer for you. i posted this on it forum and unfortunately receive no reply related to the question. Working on it to find the answer, if i do, i will share with you.


Quoting Nate04
I took a trade out this morning, that went instantly bad on me and got stopped out. I was wondering if anyone can see where I went bad with this one, or if this was just a case of bad luck... I had my stop loss at 1.60000 and a 1:1 rr. The short was taken at 1.59493. The MACD looked to have a good rounded top forming. I took the trade at 7am cst, which is probably my first mistake, as NY was opening at that time.

edit: And of course, after my stop get hits by a couple of pips, the price turns right back around and starts heading south. So this...
11 traders viewing now