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4 Hour Strategy (MACD)

  • #25,081
  • Aug 30, 2012 11:14am Aug 30, 2012 11:14am
Hello Philip and everyone on board

I know I'm late to the party but like they say, better late than never. My issue here is simply INFORMATION OVERLOAD. I have no idea what to read what to follow the .zip files are tooo much for me

Can anyone point me in the right direction?
  • #25,082
  • Sep 7, 2012 9:06am Sep 7, 2012 9:06am
I have tried to teach my self trading for a while. I have failed and I have taken the right trades, like many others. And then I came across this trading method. There are many foskjellige methods that promise profits. Many do not work...
After trying this system for to weeks, I start and become safer and safer on this system. recommend it to anyone who wants to trade profitably. As long as you follow the system and stick to it. Without the influence of other traders and News. You will end up with good profits. I am so impressed that i would almost call it magic. i believe this can make me a full-time trader, as long you are as long I follow the system. The hardest part is actually and control emotions when it comes to trading with the 4 hour strategy.
This is certainly the system for me.
  • #25,083
  • Sep 8, 2012 9:21am Sep 8, 2012 9:21am
Quoting sinqua
Hello Philip and everyone on board

I know I'm late to the party but like they say, better late than never. My issue here is simply INFORMATION OVERLOAD. I have no idea what to read what to follow the .zip files are tooo much for me

Can anyone point me in the right direction?

Hi I am new on this tread as well.

go to page 290 , there you will find a series of excellent pdfs for you
to download, these outline the strategy also go to page one.

regards
Constant and never ending improvement
  • #25,084
  • Sep 8, 2012 11:40am Sep 8, 2012 11:40am
Hey guys,

Just go to page 1, there is everything You need when you want to learn how to trade. I'm making nice income using this method... You just need time to learn and practice it.
  • #25,085
  • Sep 12, 2012 8:12am Sep 12, 2012 8:12am
Hi everybody,I'm new on this thread(Many thanks to Philip)
I'v learned this system for about 1 month,and started to make some trade(Thank you,Phillip
But I still don't fully understand this system

The MACD showned a good signal at the red circle(double top and aggressive turnaround),but the price gone long in the next 4hrs and past my stop,
Did I do something wrong?
Anyone else take this trade?
Attached Image (click to enlarge)
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  • #25,086
  • Sep 18, 2012 2:22am Sep 18, 2012 2:22am
I have been trading since Jan 2012. I don't seem to be using the strategy successfully. I have gone through the lessons numerous times. Can someone please be kind to help me. I really really need help. Please help me someone.
  • #25,087
  • Sep 18, 2012 2:33am Sep 18, 2012 2:33am
The most important thing when using this strategy is is to be patient. And wait to the candlestick, hits the 21. it could go further down,but it usually start to climb upwards again. It have done that with me every singel time. you also see the trend, I never trade against the trend. My stoploss is arround 50 pips. I only trade GBP/USD. Sometimes it could take a while before it comes up again or down, it that direction the trend is. But i have never had any problem with this. I have used this strategy for about a month no. And never lost a dollar.
hope this was helpful to you.
  • #25,088
  • Sep 18, 2012 8:06pm Sep 18, 2012 8:06pm
there must be something i am doing is not right. every time i enter a trade, the price would move against me. it get stopped out. sometimes, it will move towards the direction that i have thought it would. what have i done wrong? can someone please help me.
  • #25,089
  • Sep 19, 2012 2:13am Sep 19, 2012 2:13am
Do you have the correct settings on the moving average? You know, if you buy when the candle stick are hitting the moving avereage 21. It is not sure it would bump up again with in the same moment. It could go 50 pips down even more sometimes. But if you are looking the trend dirketvtion with the other MV you wil see what way it goes. Are you using 4h chart? It help to be patient. I have waited a week to cloose one trade. Soo my advice is to check your settings on Moving average and be patient
  • #25,090
  • Sep 19, 2012 7:54pm Sep 19, 2012 7:54pm
Bruce Lee once said:

I am not afraid of someone practice 10,000 trading strategies, but I fear the one that practice this trading strategy 10,000 times.

This system is not just about MACD.

There is a lot more underneath. Philip Nel taught us about the market emotion and reaction. Not just a set of overused technical analysis tools.

What I really want to say is that, once you understand the market rhythm. It really works. Not just in forex. But in other financial markets also.

If you find yourself keep losing and losing all the way down, maybe its time for you to read and re-read the guide provided by Philip himself. And harness yourself in the simulation trading.
Own your own mind.
  • #25,091
  • Sep 20, 2012 3:41am Sep 20, 2012 3:41am
Yes I am using the 4h chart. I enter trade on the 2nd bar (MACD) but it tend to retrace so much so it get stop out. so does that mean we enter after it retraced. should i or should i not enter right on the entry of the next 4hr bar if it shows a continuous trend? wait a week to close a trade, isn't that very risky?

Quoting Reitan
Do you have the correct settings on the moving average? You know, if you buy when the candle stick are hitting the moving avereage 21. It is not sure it would bump up again with in the same moment. It could go 50 pips down even more sometimes. But if you are looking the trend dirketvtion with the other MV you wil see what way it goes. Are you using 4h chart? It help to be patient. I have waited a week to cloose one trade. Soo my advice is to check your settings on Moving average and be patient
  • #25,092
  • Sep 21, 2012 3:47am Sep 21, 2012 3:47am
Merci
  • #25,093
  • Sep 26, 2012 6:30am Sep 26, 2012 6:30am
Hello Phillip,

I am not new to Forex and did look for the holy grail for quit a long time now, just to realize, there is none. I do know your method since a while and always come back to it, finally deciding to stop searching and stick to it. I like your approach very much, but have one little question. Does your method work only on 4H time frames or is it possible to trade it also on higher time frames. Because there are a lot of people out there, which are not able to check there trades during working hours.

Andreas
  • #25,094
  • Sep 29, 2012 2:46am Sep 29, 2012 2:46am
Quoting andreasa
Hello Phillip,

I am not new to Forex and did look for the holy grail for quit a long time now, just to realize, there is none. I do know your method since a while and always come back to it, finally deciding to stop searching and stick to it. I like your approach very much, but have one little question. Does your method work only on 4H time frames or is it possible to trade it also on higher time frames. Because there are a lot of people out there, which are not able to check there trades during working hours.

Andreas
How do you perceive the 'method' actually?

Is just a set of moving averages and macd and a great timing.
Or is it the market rhythm as a whole.

I want to encourage you that this system really works. Philip start out on the 4hour which relatively okay for a beginner. After you grab the idea of the market rhythm. Then and only then, you may see the rhythm on any given time frame.

And yes, it also works on higher time frame such as daily or even weekly chart.
Own your own mind.
  • #25,095
  • Sep 29, 2012 4:04am Sep 29, 2012 4:04am
This method is great but with a little studying you might be on the wrong track You just have to understand how to identify support/resistance, price action and their movements around moving averages to flow with the rhythm, or else you will be dancing to a different tune in the market.

Pls visit this thread to get better insight of how to apply this. The thread makes it easier for all to thread on any TF

http://www.forexfactory.com/showthread.php?t=383941
  • #25,096
  • Oct 9, 2012 6:49am Oct 9, 2012 6:49am
Guys, I apologize if this has been asked before. I am not using MT4. On my MACD I have settings for
Short EMA
Long EMA
Signal Line

I can set the EMA's no problem. I can not enter a value less than 2 for the signal line, and when I do the histogram is very small, almost unreadable. Anybody else not using MT4 have some advise? Thanks.
  • #25,097
  • Oct 9, 2012 9:03am Oct 9, 2012 9:03am
You can use MT4 with demo account, and trade using different platform.
  • #25,098
  • Oct 12, 2012 2:02am Oct 12, 2012 2:02am
I faced a challenge when i started using this "system". ince its difficult to rely soleley on indicators. But now that I've gotten used to it, i am looking mainly on the 4 h chart. but to decide which direction, i am gone place a order i am also looking to 1 h, m 30, m15. When these shows me that the market is going in the same direction. I am placing the order when it hits the 21. I've learned that it's very much about being patient. And not trade just to trade. That is very important.
  • #25,099
  • Oct 29, 2012 10:15am Oct 29, 2012 10:15am
Hi, I am newcomer, by following page 1, I couldn't find "Market Rhythm 4 Hour Strategy.doc" on pg1219 post18274

Could anyone please help.

Thanls
  • #25,100
  • Oct 30, 2012 8:12am Oct 30, 2012 8:12am
Just out of curiosity, what broker is everyone using. I have tried 2. Altair and FXCM. Neither have 17:00 NY close candles. Any recommendations?
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