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Attachments: 4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)

  • #25,221
  • Edited 5:26pm Jan 2, 2013 5:18pm | Edited 5:26pm
here is what I consider fine tunning.


during the making of the TC on the 4 hr chart:
the 4h chart and standard entry: in red circle: TC and entry at the close of that candle. see the horizontal purple doted line showing level of entry.

then 1hr chart : fine tuning of entry. price could go higher from a breakout then go down again later. see above the entry from the 4h chart. see also below: that is the 21ema(see the bleu line and the yellow pointing at it)- from the 4h chart..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1H chart.png Size: 68 KB
Click to Enlarge Name: 4h chart.png Size: 74 KB
Yvon
  • #25,222
  • Jan 2, 2013 5:19pm Jan 2, 2013 5:19pm
Quoting HappyMe
Trademin,

Thanks for your view.....

as I understand it right...you only trade at a MACD signal at the 4H-chart. After the signal is there you go to the 1H-chart and try to find the bottom of that moment... Well I take that in consideration

For now I saw the price was held in the neighborhood of the 89... I did considered as a bounce because the price went up for 30 pips or so... at the 1H chart the price was held by the 365.... and there was a MACD confirmation at the 1H. That was a confirmation for me that the price can go up ( in an early...
Stopped out at breakeven....
You can manage risk, but you can't manage the return
  • #25,223
  • Jan 2, 2013 5:32pm Jan 2, 2013 5:32pm
Quoting trademin
here is what I consider fine tunning.


during the making of the TC on the 4 hr chart:
the 4h chart and standard entry: in red circle: TC and entry at the close of that candle. see the horizontal purple doted line showing level of entry.

then 1hr chart : fine tuning of entry. price could go higher from a breakout then go down again later. see above the entry from the 4h chart. see also below: that is the 21ema(see the bleu line and the yellow pointing at it)- from the 4h chart..
I had to look and think a lot of times....what your meaning.... but it's clear!! thanks!!
You can manage risk, but you can't manage the return
  • #25,224
  • Jan 2, 2013 6:59pm Jan 2, 2013 6:59pm
I just found out a difference between MT4 platforms:

since I have 2 platforms from 2 supplyers I was wondering why the 89ema was not landing at the same place on the chart: on one, the 89sma lands below the last candle while the other land right in the candle.

the reason is that one is calculating on 4 digits after the dot while the other is on 5 digits after the dot.- so changing interpretation of a chart!- about that!
Yvon
  • #25,225
  • Jan 3, 2013 12:12pm Jan 3, 2013 12:12pm
Quoting HappyMe
Stopped out at breakeven....
Hi trademin,

I just looked at the charts and after what you said yesterday about finetuning with the 1 hour. I tried it in practice as you see at the attachments. Is this the way you said it? Hope I did understand it right

at the 4H maybe we get a MACD signal (RB)...if it really develops we can go to the 1H and then I decide the entrypoint with the "resistance" line
Attached Images
You can manage risk, but you can't manage the return
  • #25,226
  • Jan 4, 2013 12:04am Jan 4, 2013 12:04am
HappyMe,

the best explaination for entry is:

go to page1, post 1, look for pdf 4H Mac Strategy, go to page 16 . there you will find the proper explaination.

or you can see the video 1-2-3, on the same page:
Is this strategy still working (Feb2012).......................... .....................Page 1654 Post 24801.

let me know your taughts about it.
p.s. suggestion: using candle count down helps to know if candle is close to be finish.
Yvon
  • #25,227
  • Edited 8:03am Jan 4, 2013 7:52am | Edited 8:03am
HappyMe,

I didn't see on your chart a counter to help determine the time left to the candle to close. -there it is, if you want it.
Attached File(s)
File Type: ex4 QFF-CandleCountdown.ex4   4 KB | 254 downloads
Yvon
  • #25,228
  • Jan 4, 2013 8:04am Jan 4, 2013 8:04am
there is an exemple:
Attached Image (click to enlarge)
Click to Enlarge Name: time left.jpg Size: 207 KB
Yvon
  • #25,229
  • Jan 4, 2013 8:09am Jan 4, 2013 8:09am
Quoting trademin
HappyMe,

I didn't see on your chart a counter to help determine the time left to the candle to close. -there it is, if you want it.
Thanks, indeed I have that counter....but it's located in the left corner well maybe also nice to put it at the right (as default) it's maybe more clear wenn I put some images on this threat
You can manage risk, but you can't manage the return
  • #25,230
  • Jan 4, 2013 8:10am Jan 4, 2013 8:10am
Quoting trademin
there is an exemple:

Ow ...wait...that's another one! I look to it...thanks!
You can manage risk, but you can't manage the return
  • #25,231
  • Jan 4, 2013 8:12am Jan 4, 2013 8:12am
Quoting trademin
HappyMe,

the best explaination for entry is:

go to page1, post 1, look for pdf 4H Mac Strategy, go to page 16 . there you will find the proper explaination.

or you can see the video 1-2-3, on the same page:
Is this strategy still working (Feb2012).......................... .....................Page 1654 Post 24801.

let me know your taughts about it.
p.s. suggestion: using candle count down helps to know if candle is close to be finish.
Not that much time today...I will look at it in the weekend!!
You can manage risk, but you can't manage the return
  • #25,232
  • Edited 5:07pm Jan 6, 2013 2:15pm | Edited 5:07pm
Quoting HappyMe
Not that much time today...I will look at it in the weekend!!
Hi Trademin,

I worked through it.... and it's made it again more clear. Thanks!
You can manage risk, but you can't manage the return
  • #25,233
  • Jan 7, 2013 12:23am Jan 7, 2013 12:23am
Have been doing good trading last week, accumulating about 15-17% of my total deposit by spreading and watching over eight different currency pairs. Have been watching how Friday trade will perform (at the moment it's fluctuating very close to stop loss) but I'm not going to adjust it. The way I would like to trade is "fire and forget", checking it perhaps once through the day, right now I'm keeping my eye of the GBPUSD and EURAUD that are reluctant to change direction. Will do the trade across the pairs when back home, EURCHF has been pretty quiet and I'm thinking of closing it until the tsunami hits the shore, right now it's sideways and have been doing it for last few days.
What amazes me is the sheer brilliance and simplicity of the strategy. I trade having 1:1 ratio or above which has proven very fruitful, giving a good margin and avoids the pitfalls of tight S/Ls.
I realize that this is just the beginning and that it's necessary to have more "on the books" to get a better idea about system's ins and outs. I will keep posting here by doing demo trading over the next few months and then going live.
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #25,234
  • Edited 1:27pm Jan 7, 2013 12:49pm | Edited 1:27pm
EURUSD LONG

On the 4Hr chart: the pair had a breakout, a 70 pips candle done already. I did grab some profit, while still in the trade. looks like the 89sma now is the next target. Will see…


just to mention: the breakout formed also the right shoulder, while the left shoulder is aprox Jan 2. the target concerning this inverted head and shoulder is also about the 89sma. Amazing...

-sorry I should have mentioned "neckline" instead of shoulders.
Yvon
  • #25,235
  • Edited 3:29pm Jan 7, 2013 3:16pm | Edited 3:29pm
Quoting trademin
EURUSD LONG

On the 4Hr chart: the pair had a breakout, a 70 pips candle done already. I did grab some profit, while still in the trade. looks like the 89sma now is the next target. Will see…


just to mention: the breakout formed also the right shoulder, while the left shoulder is aprox Jan 2. the target concerning this inverted head and shoulder is also about the 89sma. Amazing...

-sorry I should have mentioned "neckline" instead of shoulders.
Hi trademin,

I didn't (again) recognise the head and schoulder...

We also broke 3 older resistance\support lines in a small range beyond the price right now and managed to overcom the 1.31 (look at circle in the attachment)
The rule also said... if a break of the 89sma it tends to test it ... in that way it looks oke I think....well yes...as you mentioned..We will see
Attached Image
You can manage risk, but you can't manage the return
  • #25,236
  • Edited 8:57am Jan 8, 2013 8:46am | Edited 8:57am
This is to wish everyone a happy new year! Asking that the hand of God may come upon all traders to discipline us by the power of His wisdom, knowledge and understanding giving us the right attitude to trading and keep us from such mistakes that tend to gradually and speedily wipe up our trading accounts. I do know that many here have the dream to settle with this business to make a good living and to amass great financial glory, many have been employed by many financial institutions as chart analysts and the like...I pray that the good forces of life be by the side of everyone and lead us into our place of abundant success. This will make us more useful to our friends, family, immediate environment and the society at large.

May God continue to bless the starter of this unique thread, our mentor, Phillip Nel. I call him a King in the Forex and other financial markets. Phillip is a King. His throne has been established.

For those joining us newly; I want to say to all of you to be courageous and don't give up ok? Sooner than you expected you too will make it and belong in the trend of other elite traders. Obey the rules here and extract the pips...the facts are right in front of you-price, the chart never tell lies. History of price behaviour and patterns or formations will always repeat itself. So scroll back in your charts and try to see what has price has done before; spot the high probability setups and formations-do this according the rules of this thread. Then store the information in your soul, in your memory and carry it into the future, into your trading and try to anticipate what is likely to come up with respect to your backtesting, and it will just happen as you had anticipated...price will become your friend and always wisper to you what it is about to do next. It is that simple! Please you can just click on my name (naustingfx) and go see for yourself my own proof of the performance of the 4HOUR MACD SYSTEM. I have posted not so many but very informative charts and trades directly form my live account. Some of the trades I post them just immediately I take them, such that if we were on the same time zone with me, you can make the deals with me, and as the pips reflects in my account, it will do the same in your own.

I encourage all the newbies to be BOLD NOT IN TRADING BUT IN FOLLOWING THE RULES! You can send me emails or post in the forum your own contributions and questions. THERE ARE A LOT OF POWERFUL TRADERS HERE TO ANSWER YOU ALL...I MEAN VERY POWERFUL TRADERS WHO REALLY DWELL IN THIS SYSTEM OF TRADING. A LOT HAVE EARNED A GOOD LIVING THROUGH THIS THREAD....

THE CHART THAT COMES WITH THIS POST IS MY FIRST TRADE FOR THIS YEAR. I HAVE TAKEN MY FIRST PROFIT OF ABOUT 30 PIPS AND HAS SET THE 2ND POSITION TO BREAK EVEN. IT IS THE EUR/USD PAIR. I BELIEVE SOMEONE WILL FIND SOME GOOD USE OF IT.

ONCE AGAIN I SAY TO EVERYONE HERE: HAPPY NEW YEAR!!!
God Bless Phillip!
Attached Image (click to enlarge)
Click to Enlarge Name: January 8 2013-Overall-1.gif Size: 65 KB
  • #25,237
  • Jan 8, 2013 9:30am Jan 8, 2013 9:30am
Update:

This is what is happening currently...I have taken my first Profit-Tp1 and has set the remaining of my position to break even... Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: jane 8-update-2.gif Size: 60 KB
  • #25,238
  • Jan 9, 2013 12:25am Jan 9, 2013 12:25am
Is the money market not moving much this week? Why?
  • #25,239
  • Edited 8:17am Jan 10, 2013 8:16am | Edited 8:17am
eurusd:
beside the nice breakout, I can see the inverted head and shoulder in 4 h chart-including the Macd. There is one also in the weekly chart.
just grab partial profit bit above the 89sma/4h chart.
Yvon
  • #25,240
  • Edited 10:11pm Jan 10, 2013 7:47pm | Edited 10:11pm
Yeah, I keep my eye across EURGBP / EURUSD / GBPUSD pairs, they're just about to form round top. H1 is already on the down slide, waiting for a candle to form the round top in the MACD on H4. Charts are currently forming very nicely above 21EMA and GBPUSD just crossed 89SMA!

EURUSD is beating all records by jumping more than 100 pips above 89SMA and looks like it's a catch-up since sellout during first few days of January.
It also looks like GBPUSD may continue to climb after having crossed 89SMA.
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
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