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4 Hour Strategy (MACD)

  • #25,161
  • Dec 14, 2012 3:15pm Dec 14, 2012 3:15pm
Quoting trademin
EURUSD LONG
shameless! realy shameless! that pair is facing 1.3100 again.
I took the opportunity to secure another 28 pips.-not always easy for me to pick a good place to get in when a consolidation is in progress.-but didn't wait too long to secure some pips.
below is a 5min chart.
I got back in at 1.3100

EURUSD LONG-121214
I am kind of late saying about the TC( on the 4H chart) made on the Euro (vertical doted line) on which I took another position. it was a very close tight SL, later changed to a traling SL, still active.-
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-121214.jpg Size: 165 KB
Yvon
  • #25,162
  • Dec 15, 2012 11:53pm Dec 15, 2012 11:53pm
Hey, hey. How are you folks. Is everything alright? I have been spend last month in studying quite a lot. I came up with the idea and I need you opinion guys. Take a look at the chart. Obviously both are TC patterns as Phill said first 2 months we should take only TC patterns. But on situation 1 we have 2 super small candles. I can short there with supper tight stoploss just few pips above the high of both small candles. If I put 3-5% of my money there with this super tight stoploss I would have craze R:R ratio. If I close the position at the first white candle together with the MACD signal I would have make at 7-8 times of what I have risked which is awesome. In the situation 2 If I take the TC pattern and short after the big candle and close after the white big one I would have made approx. 1 time of what I have risked. I am planning to try to take mostly small candles where I can have tight stoploss and have very high R:R ration. Please guys let me know what you think. If Phill can give an opinion it will awesome. Thanks.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: XAU-AUD.png Size: 39 KB
  • #25,163
  • Edited 5:07pm Dec 16, 2012 4:36pm | Edited 5:07pm
@Trademin: incredible.... through the resistance...finaly

My last trade was a bad one... as you already mentioned I guess
Now I'm Long (EUR/USD), after the weekend-gap was closed.

I noticed your in another time-zone. I mean my MACD looks different then yours! Which broker are you using? Is this important in this system?
You can manage risk, but you can't manage the return
  • #25,164
  • Dec 16, 2012 5:12pm Dec 16, 2012 5:12pm
Quoting HappyMe
@Trademin: incredible.... through the resistance...finaly

My last trade was a bad one... as you already mentioned I guess
Now I'm Long (EUR/USD), after the weekend-gap was closed.

I noticed your in another time-zone. I mean my MACD looks different then yours! Which broker your using? Is this important in this system?
yes, amazing... through the resistance. -time zone different :Netherlands/ Canada-Quebec!- that's the beauty of trading all around the globe
diff time, diff charts, diff opportunities I guess!

I am using Easy-Forex for now. but I tried some others, -all fine with me.
-but does your Macd is set at 5,13,1 ? and all your Mas are ok?- if so, it looks like everything is ok !

thanks for your comments, have a nice day,
Yvon
  • #25,165
  • Dec 16, 2012 6:24pm Dec 16, 2012 6:24pm
closing EURUSD with gains for now. price floating above 8ema, which is fast market, double top on Macd, maybe a pull back towards the breakout expected? will see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-121214-3.jpg Size: 152 KB
Yvon
  • #25,166
  • Dec 17, 2012 5:06am Dec 17, 2012 5:06am
I'm looking foor the Rhythm Strength Indicator but can't find it between all attachments.... can someone post the mq4 file? thanks
You can manage risk, but you can't manage the return
  • #25,167
  • Dec 17, 2012 6:50am Dec 17, 2012 6:50am
Quoting HappyMe
I'm looking foor the Rhythm Strength Indicator but can't find it between all attachments.... can someone post the mq4 file? thanks
i just wish i could help you, i don't know what that is. if you see what you are looking for on my chart let me know, i 'll be glad to help you on that
have a nice day,
Yvon
  • #25,168
  • Dec 18, 2012 3:38am Dec 18, 2012 3:38am
Quoting trademin
i just wish i could help you, i don't know what that is. if you see what you are looking for on my chart let me know, i 'll be glad to help you on that
have a nice day,
Your right corner in your chart is showing "Rhythm=2 Strong Bull Rhythm Strength" I'm searching for that indicator. But can't find it in this threat
You can manage risk, but you can't manage the return
  • #25,169
  • Dec 18, 2012 7:25am Dec 18, 2012 7:25am
Quoting HappyMe
Your right corner in your chart is showing "Rhythm=2 Strong Bull Rhythm Strength" I'm searching for that indicator. But can't find it in this threat
try this one: going to indicators...

let me know your result,
Attached File(s)
File Type: mq4 4h_MACD_FX_Strategy.mq4   5 KB | 460 downloads
Yvon
  • #25,170
  • Dec 18, 2012 7:42am Dec 18, 2012 7:42am
Quoting trademin
try this one: going to indicators...

let me know your result,
Hi Trademin, thank you!! The indicator is in it...
I can work with that.... thanks again!

BTW: on the euro... I think it's a tricky market with the Fiscal Cliff news... and the strong resistance we have face with. Market is in consolidation right now... but is respecting the 8EMA untill now very nicely and gets little by little higher (H4-chart) . In that way I think if we get a TC today...it's a good probability to trade it. Well we see and wait... for what's happening today

Have a nice day!
You can manage risk, but you can't manage the return
  • #25,171
  • Dec 18, 2012 8:22am Dec 18, 2012 8:22am
Quoting HappyMe
Hi Trademin, thank you!! The indicator is in it...
I can work with that.... thanks again!

BTW: on the euro... I think it's a tricky market with the Fiscal Cliff news... and the strong resistance we have face with. Market is in consolidation right now... but is respecting the 8EMA untill now very nicely and gets little by little higher (H4-chart) . In that way I think if we get a TC today...it's a good probability to trade it. Well we see and wait... for what's happening today

Have a nice day!
the credit for that indicator, I guess, is Giorgio Obi Wan Scarabello. So thanks to him !
Yvon
  • #25,172
  • Edited 8:43am Dec 18, 2012 8:25am | Edited 8:43am
Quoting berliozz85
Hey, hey. How are you folks. Is everything alright? I have been spend last month in studying quite a lot. I came up with the idea and I need you opinion guys. Take a look at the chart. Obviously both are TC patterns as Phill said first 2 months we should take only TC patterns. But on situation 1 we have 2 super small candles. I can short there with supper tight stoploss just few pips above the high of both small candles. If I put 3-5% of my money there with this super tight stoploss I would have craze R:R ratio. If I close the position at the first...
Hi, first of all.....I'm try to learn this strategy. After I was viewing a lot of charts I believe I become a good feeling for the strategy.... So what I'm writing in the next sentences is my interpretation of the strategy...... !!

Wenn I'm right. I remember that Phil was telling that he normaly does not take a trade after a huge candle.... It was somewhere in an example (I'm not sure but I think it was in the example lessen) So in that light you're right I think. I also saw that often after a big candle the stoplose is always bigger... sometimes even to big! sometimes you already to far beyond the 8MA zone. I doesn't feel comfortable because it tends to go back to the 8 or 21MA.

On the otherhand... I would not feel comfortale to risk 2-3% of my tradingaccount with a very tight SL (say 2 a 3 pips) ....if the trade goes against you....you out before you know it! I think it's not a good moneymanagement thing... we better can respect the trendlines cq. MA's with a small "buffer" in it.

My two cents ofcourse...
You can manage risk, but you can't manage the return
  • #25,173
  • Dec 18, 2012 9:47am Dec 18, 2012 9:47am
Quoting berliozz85
Hey, hey. How are you folks. Is everything alright? I have been spend last month in studying quite a lot. I came up with the idea and I need you opinion guys. Take a look at the chart. Obviously both are TC patterns as Phill said ...

Regards.
hi,

small candles: the idea Is nice but when one is establishing eventual R/R, then the choice should go by the rules. If R/R is poor then one should be careful about getting into the trade or not. As mention by M. Nel, by using ATR set at 1 and by taking and average it gives an approximation of where to put the SL. if it is smaller than the average then the trade could be stopped out very quickly.
Yvon
  • #25,174
  • Edited 11:16am Dec 18, 2012 10:58am | Edited 11:16am
eurusd: a new TC showed on the 4H chart. so a new trade. I am long eurusd.

first target is about 1.320/ 1.3260
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-121217.jpg Size: 130 KB
Yvon
  • #25,175
  • Dec 18, 2012 11:07am Dec 18, 2012 11:07am
Quoting trademin
eurusd: a new TC showed on the 4H chart. so a new trade. I am long eurusd.
Me too...I expected it so I already was in as the new trend started... so actually I was in before the MACD gives the signal... yes I had confidence in this one...so I'm in twice as you see :S
I already put my SL to breakeven.... right now I'm looking for a new SL for the night in Europe

PS: when you look to the 1 min chart...you really see the market ritme in that TC candle... not that I trade the 1 Min chart but it shows a very nice rythm

all the best!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 117 KB
You can manage risk, but you can't manage the return
  • #25,176
  • Dec 18, 2012 11:15am Dec 18, 2012 11:15am
Hey.

I am going short here. I think we can consider this as double top although the first top is hyper small but still I will take it. Stop loss above previous high.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 34 KB
  • #25,177
  • Dec 18, 2012 11:30am Dec 18, 2012 11:30am
Quoting berliozz85
Hey.

I am going short here. I think we can consider this as double top although the first top is hyper small but still I will take it. Stop loss above previous high.
ps: Your on the AUDZND....
You can manage risk, but you can't manage the return
  • #25,178
  • Dec 18, 2012 11:30am Dec 18, 2012 11:30am
Quoting HappyMe
Me too...I expected it so I already was in as the new trend started... so actually I was in before the MACD gives the signal... yes I had confidence in this one...so I'm in twice as you see :S
I already put my SL to breakeven.... right now I'm looking for a new SL for the night in Europe

PS: when you look to the 1 min chart...you really see the market ritme in that TC candle... not that I trade the 1 Min chart but it shows a very nice rythm

all the best!
Nice shot!
Yvon
  • #25,179
  • Dec 19, 2012 10:28am Dec 19, 2012 10:28am
Quoting trademin
Nice shot!
I just close the trades....maybe 40 pips each too late ..... But on the otherway, we need room for making extra pips. Anyway... I made in total 199,4 pips... with those two trades

btw: the total move is/was incredible!!

I'm going too wait for a new possibility...
You can manage risk, but you can't manage the return
  • #25,180
  • Dec 19, 2012 1:26pm Dec 19, 2012 1:26pm
Quoting HappyMe
I just close the trades....maybe 40 pips each too late ..... But on the otherway, we need room for making extra pips. Anyway... I made in total 199,4 pips... with those two trades

btw: the total move is/was incredible!!

I'm going too wait for a new possibility...
congrat! mine is closed for now too. It is nice when we add them up!

well while I can salute him, there I go: thanks again M. Nel, have a nice day!
Yvon
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