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4 Hour Strategy (MACD)

  • #25,121
  • Nov 16, 2012 1:16am Nov 16, 2012 1:16am
Quoting Arrow
Hi Frank,

Welcome aboard. I got this 'nostalgic' stuff from fxtradeblog.com - *sigh - which explained about the
instruction on the bottom right.

I hope Philip come up with a new blog.

http://3.bp.blogspot.com/-PqMUtuuHx9...the-market.gif
Yes the demise of fxtradeblog and the departure of Palmer are very unfortunate for newbies trying to trade this excellent system -or even its H1 variation as published on fxtradeblog.com. And unfortunately a discussion on a certain box never was allowed on this board. Wonder if anybody is still using one of Philips Non-4H-MACD systems.

Kind regards
  • #25,122
  • Nov 16, 2012 9:20am Nov 16, 2012 9:20am
eurusd
a pullback as been done (daily chart) on the break of the huge consolidation(about 330 pips) and also the move away on the making, eurusd heading south, should it be going now to 1.2550/1.2500? (RT on the 4H chart)
-the pullback has been done also to the daily 21ema, that's nice too,
- the move away on the daily imply that the macd is on the making of a possible TC (on the daily)
I am in.
Yvon
  • #25,123
  • Nov 16, 2012 11:18am Nov 16, 2012 11:18am
Quoting trademin
eurusd
a pullback as been done (daily chart) on the break of the huge consolidation(about 330 pips) and also the move away on the making, eurusd heading south, should it be going now to 1.2550/1.2500? (RT on the 4H chart)
-the pullback has been done also to the daily 21ema, that's nice too,
- the move away on the daily imply that the macd is on the making of a possible TC (on the daily)
I am in.

Agreed.Classic beauty. Only worrisome thing for next week in that price on daily is squished between the 21 and 200 on the top side (1.2820) and the 89 on the bottom side (1.2680), so may see some consolidation there UNLESS we see a nice daily or weekly close below 1.2660. Notice how the 4th candle back, the tail touched the 89.

Nice to see others using phils market rhythym.

Attached Image (click to enlarge)
Click to Enlarge Name: eu16.11.12.gif Size: 29 KB
  • #25,124
  • Edited 12:19pm Nov 16, 2012 12:16pm | Edited 12:19pm
Quoting ybeidas
Agreed.Classic beauty. Only worrisome thing for next week in that price on daily is squished between the 21 and 200 on the top side (1.2820) and the 89 on the bottom side (1.2680), so may see some consolidation there UNLESS we see a nice daily or weekly close below 1.2660. Notice how the 4th candle back, the tail touched the 89.

Nice to see others using phils market rhythym.

Attachment
My chart differs from yours, the 89 is not below. -the pullbacks on the daily chart is consider to be part of rythme, but the second pullback is also the retest of the breakout from the consolidation. A consolidation is possible, I totaly agree, have a nice weekend,-the 200 is the olive color, heading down,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 133 KB
Yvon
  • #25,125
  • Nov 16, 2012 1:59pm Nov 16, 2012 1:59pm
Quoting Forex37
Yes the demise of fxtradeblog and the departure of Palmer are very unfortunate for newbies trying to trade this excellent system -or even its H1 variation as published on fxtradeblog.com. And unfortunately a discussion on a certain box never was allowed on this board. Wonder if anybody is still using one of Philips Non-4H-MACD systems.

Kind regards
The 4H MACD systems itself already enough to make decent income from the markets. But, I am totally agree with you. The fxtradeblog contains many precious resources and rare gems.

Life must go on. We are here to help each other.
Own your own mind.
  • #25,126
  • Nov 17, 2012 1:04am Nov 17, 2012 1:04am
Bump,
What happened to Phillip Nel and his website? Anyone know! Does he still trade .
Enter Signature
  • #25,127
  • Nov 18, 2012 12:24am Nov 18, 2012 12:24am
Quoting ECO
Bump,
What happened to Phillip Nel and his website? Anyone know! Does he still trade .
Philip stills trade. He has fulfilled his mission in this thread. I chart with him sometimes last week. He is fine and doing well.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #25,128
  • Nov 18, 2012 7:38am Nov 18, 2012 7:38am
Quoting ejiexe
Philip stills trade. He has fulfilled his mission in this thread. I chart with him sometimes last week. He is fine and doing well.
We are very happy to know that. He has done very well in transferring his knowledge. It is just that his website provide more alternatives of his methods.

Very well then, hope he is doing well. How about Palmer ya?
Own your own mind.
  • #25,129
  • Nov 21, 2012 12:29am Nov 21, 2012 12:29am
http://2.bp.blogspot.com/-Bu0VfxqrKG...dailychart.gif

MACD shows TC pattern.

Resistance at EMA 21, around 1.2820.

Short with target at around 1.27. A break lower might send the EURUSD down to....?
Own your own mind.
  • #25,130
  • Nov 22, 2012 10:14am Nov 22, 2012 10:14am
Hello everyone,

I'm from the UK and have followed this thread for a long time however refrained from asking any questions as you guys have made such a huge amount of information available to study, so I just went through it again and again with much back testing and feel I have a good grasp of this system now.

I just wanted to ask a quick question, I put on my first trade on at 6am GMT yesterday (21/11), a 0 bounce off of the intersecting 89SMA and the 21 EMA with the profit target at the 200 MA. It was a successful trade of about 100 pips but I would like to know if anyone else took this trade or if it was merely a case of beginners luck? And if you didn't take the trade for what reasons?

Any feedback would be greatly appreciated and thank you for all the information you all have already given and continue to give
  • #25,131
  • Nov 22, 2012 10:38am Nov 22, 2012 10:38am
Sorry I forgot to mention it was on the Eur/USD

Thanks!
  • #25,132
  • Nov 22, 2012 12:21pm Nov 22, 2012 12:21pm
Quoting JonnyPip
Sorry I forgot to mention it was on the Eur/USD

Thanks!
Sounds like you did okay to me. Good job.
  • #25,133
  • Nov 22, 2012 3:53pm Nov 22, 2012 3:53pm
Quoting pipraven
Sounds like you did okay to me. Good job.
Thanks Pipraven,

I am still very new to trading so I'm just going to try to stick to the rules and not try anything too fancy. There seems to be an almost identicle trade in the 4 hours on the GBP/USD in the next fifteen minutes. I think I'm going to take it and see how it pans out

Thanks again for any feedback, I hope to trade full time if I can, so it truly is appreciated
  • #25,134
  • Nov 23, 2012 12:20pm Nov 23, 2012 12:20pm
Quoting JonnyPip
Thanks Pipraven,

I am still very new to trading so I'm just going to try to stick to the rules and not try anything too fancy. There seems to be an almost identicle trade in the 4 hours on the GBP/USD in the next fifteen minutes. I think I'm going to take it and see how it pans out

Thanks again for any feedback, I hope to trade full time if I can, so it truly is appreciated
http://4.bp.blogspot.com/-Vp8awjjHQE...rketrhythm.jpg
Is this how its like?

You did just great.
Own your own mind.
  • #25,135
  • Nov 23, 2012 1:46pm Nov 23, 2012 1:46pm
Hi Arrow,

Thanks, to be honest though I completely missed that trade in the EUR/USD I actually took the trade in the GBP/USD. I'm not 100% sure how to put graph pictures into these posts so I will try to explain it briefly, it was in the 4 hour chart and I took the 21 EMA bounce (also happened to be off the 89SMA as well) at around 1.59420 with an aim to TP at the 200 ma. Had to ride out the initial up and down but then it just took off so I took half profit at the 200 and let the rest run so worked out well in the end. Unfortunately I didn't have the foresight to look over to the EUR/USD, I guess lesson learned for next time.

It looks like the EUR/USD could retrace and set up a bounce off of the 200ma/21ema in the 4 hour chart next week so maybe there will still be a chance to catch the end of the trade up to the 365 ema in the daily, thanks for your feedback il be keeping an eye on the EUR/USD early next week
  • #25,136
  • Nov 25, 2012 8:57am Nov 25, 2012 8:57am
Quoting JonnyPip
Hi Arrow,

Thanks, to be honest though I completely missed that trade in the EUR/USD I actually took the trade in the GBP/USD. I'm not 100% sure how to put graph pictures into these posts so I will try to explain it briefly, it was in the 4 hour chart and I took the 21 EMA bounce (also happened to be off the 89SMA as well) at around 1.59420 with an aim to TP at the 200 ma. Had to ride out the initial up and down but then it just took off so I took half profit at the 200 and let the rest run so worked out well in the end. Unfortunately I didn't...
Hi Johny,

http://mediacdn.disqus.com/uploads/m...4/original.jpg

I think this the GBPUSD chart you mean. A very good set up indeed
The price already broke above 200SMA. In the daily chart, the MACD just formed zero break pattern, therefore we see big candle.

The daily chart is to be used together with 4H timeframe to create a better filter.

Trade well
Own your own mind.
  • #25,137
  • Nov 26, 2012 4:14am Nov 26, 2012 4:14am
Hi all,

Im not sure if something has been posted already but I was wondering if any MT4 alerts have been created to notify when a TC, ZB etc patterns begin or have occurred. It would be great so as to not miss any setups.

Thanks
  • #25,138
  • Nov 27, 2012 9:38am Nov 27, 2012 9:38am
Quoting shripsfx
Hi all,

Im not sure if something has been posted already but I was wondering if any MT4 alerts have been created to notify when a TC, ZB etc patterns begin or have occurred. It would be great so as to not miss any setups.

Thanks
We can see it on the colored MACD indicator, right under the latest macd formation (if any). For example, in my attached chart you can see the 'VT' signal below the MACD.

It also can be set to show the signals that have occured in the past.
Own your own mind.
  • #25,139
  • Nov 27, 2012 9:46am Nov 27, 2012 9:46am
Quoting Arrow
We can see it on the colored MACD indicator, right under the latest macd formation (if any). For example, in my attached chart you can see the 'VT' signal below the MACD.

It also can be set to show the signals that have occured in the past.
Arrow,
Was this indicator posted in this thread?
Thanks
  • #25,140
  • Nov 28, 2012 3:36am Nov 28, 2012 3:36am
Arrow,

Is it possible to post this MACD indicator. Does it alert other patterns apart from whats on your screen.

Thanks
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