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4 Hour Strategy (MACD)

  • #25,281
  • Edited 11:28am Feb 6, 2013 10:57am | Edited 11:28am
Quoting trademin
Hi Amadeus8,
"this strategy could keep working"-I think so.
"best version of the MACD colored- : from page one, a lot of information are available, also a mater of choice.


I guess that with these, you could set template and indicators. I use 102 decimal (that's for the macd) and adjust levels to 150-300-etc since I have a 5 digits. But if you have 4 digits, just leave the level setting just as they are.(15-30, etc)
I use ATR, for aproximation of Stop Loss,- ADX for strenght of market.
Divergence, macd formation, candles expressions are part...
Trademin, I really appreciate your reply. I have been trading with this strategy for a while in a demo account and I think that it is amazing.
I am concerned whether it would keep working or not. Currently I am using the 104v and the 106v, but I didnt know that the ADX and the ATR are useful for this strategy. What does the Off candle countdown indicate?
Thank you again.
  • #25,282
  • Edited 9:57pm Feb 6, 2013 12:48pm | Edited 9:57pm
Quoting Amadeus8
Trademin, I really appreciate your reply. I have been trading with this strategy for a while in a demo account and I think that it is amazing.
I am concerned whether it would keep working or not. Currently I am using the 104v and the 106v, but I didnt know that the ADX and the ATR are useful for this strategy. What does the Off candle countdown indicate?
Thank you again.
hi, here is my view,
"I am concerned whether it would keep working or not"

I have to keep in mind that indicators (ma, macd, etc) are expressing in others form a perspective , the value of candles- so it's going to be there, as it was there 10 years ago.
Sure sometime it will be like not quite in harmony, but the set up will reveal what the market is doing.
just as example, find any chart, doesn't mater if it is stock or commodities or forex or else. then put a moving average acting as support just under it, make sure that it would be 75%+ acting as support, by adjusting the value of that moving average until you feel that it has reach the best tuning possible and you feel totally confident with it. Already I can imagine that in my mind.
If it has been doing his job for the last 5 to 10 years back, and it is doing it now, then I should expect the same in the future . If the value or price of that chart drops suddenly, it is because something happened suddenly in that particular market not because of the set up itself.-so pay attention to that- it is ( the set up) simply showing that market doesn't act as usual.-can I act as if nothing happened?- I don't think so.- thanks to the set up!

The expression of overbought or oversold goes with time. It could change so OB/OS levels would go higher or lower than some 10 years ago.-same with candles(on a chart), same with cars I guess!-

The ATR is not an obligation at all. -if you trade R/R=1, -the initial SL is as per the rules. So SL is 70 so your target.
But by a quick look at the value of ATR (set at 1) shown by drawing a horizontal line on the top of spikes, I know what I should expect as candle range.

If as example ATR shows 70 (pips) then I wouldn't put an eventual SL at 30 pips that is for sure for me. (if range of candles is 70!) If ATR shows 70 and the candle just below my entry is 35 then I feel confident since I expect the next candles would cover about 70 pips, it supports opening positions.

V104 or else: for me macd set at 5,13,1 is what I need to trade.
ATR is mentioned by Phillip Nel btw.
ADX, I don't remember, but it is the strength that I look for, sure it is not in the 4h macd strategy.
Candle Countdown: it is there to show time left to the completion of that candle. A trade should be taken at the close of that candle, so by looking at it, it tells you that you have plenty of time to prepare a cup of coffee.
Yvon
  • #25,283
  • Feb 6, 2013 3:31pm Feb 6, 2013 3:31pm
Trademin. Once again thank you very much for your explanation. This is going to help me a lot with my trading approach and I will feel more confidence trading with this system. Happy trades!
  • #25,284
  • Feb 6, 2013 4:01pm Feb 6, 2013 4:01pm
Quoting Amadeus8
Trademin. Once again thank you very much for your explanation. This is going to help me a lot with my trading approach and I will feel more confidence trading with this system. Happy trades!
You are welcome Amadeus8., if you have any question, I will do my best to give you the answer.
have a nice day,
Yvon
  • #25,285
  • Feb 7, 2013 1:22am Feb 7, 2013 1:22am
Quoting trademin
hi, here is my view,
"I am concerned whether it would keep working or not"
.......

ADX, I don't remember, but it is the strength that I look for, sure it is not in the 4h macd strategy.

.....
ADX was mentioned as a recommended addition for the H1 version.

Regards
  • #25,286
  • Feb 7, 2013 2:02am Feb 7, 2013 2:02am
Quoting Forex37
ADX was mentioned as a recommended addition for the H1 version.

Regards
thank you Forex37!

I wasn't sure , but now I am!
Yvon
  • #25,287
  • Feb 8, 2013 4:32am Feb 8, 2013 4:32am
Naustingfx, Trademin and other active contributors of this wonderful thread thanks so much for your relentless effort in keeping this thread alive and for helping others. I may not be able to contribute for now because I'm trying to fully feel the rythm of the system. May God bless Philip Nel and the rest of u all
  • #25,288
  • Feb 8, 2013 8:54am Feb 8, 2013 8:54am
Quoting sepramfx
Naustingfx, Trademin and other active contributors of this wonderful thread thanks so much for your relentless effort in keeping this thread alive and for helping others. I may not be able to contribute for now because I'm trying to fully feel the rythm of the system. May God bless Philip Nel and the rest of u all
thanks for the nice words towards Ŧ active contributorsŧ.indeed It started with Philip Nel.-a great work!
ŦMay God bless Philip Nel and the rest of us all.ŧ
Yvon
  • #25,289
  • Feb 8, 2013 9:47am Feb 8, 2013 9:47am
Last night I watched the EU, EJ, EURNZD, EURAUD, GBPCHF, and the EURGBP set up with Market Rhythm Rules.
Somewhat skeptical of the rhythm rules, I thought this would be a good test of the 4H MACD system in this crazy volatile forex market of late! And to my amazement and delight the rhythm rules worked perfectly!

I take a bow towards Sir Phillip!!
  • #25,290
  • Feb 8, 2013 12:02pm Feb 8, 2013 12:02pm
eurusd- 4hrs chart:
there was a breakout of the head and shoulders, then a pull back to it, and now the move away. The projection of that SHS look to be in the region of 1.3200- will see…
have a nice weekend,
Yvon
  • #25,291
  • Feb 11, 2013 11:58am Feb 11, 2013 11:58am
Hi Naustingfx,

Thank you for replying to my thread.

Ok, I will take your advice and try to work it through. Will come back with more questions if you don't mind


Quoting naustingfx
Thanks for your posts!
There is no way you will be left behind in this thread okay? Everyone by grace try to carry one another along in this thread. So you will be getting answers to your areas of confusion from time to time...From your post, it seems you need a dedicated helper, someone who will be always there for you. Not to worry; in as much as every info you need to be through in this system has been posted by Phillip, I do know that some people find it difficult to rake through the whole pages and posts here...I will try to see how...
  • #25,292
  • Feb 11, 2013 7:48pm Feb 11, 2013 7:48pm
Does anybody place orders in the london opening according to the MACD color or pattern?. Dont you guys think that it is the best time to place orders in this strategy?

For example: If the MACD is bullish in H4 we buy, or if it is bearish we sell in a lower time frame a few minutes after the opening.
  • #25,293
  • Feb 12, 2013 11:05am Feb 12, 2013 11:05am
Quoting Fuiyong
Hi Naustingfx,

Thank you for replying to my thread.

Ok, I will take your advice and try to work it through. Will come back with more questions if you don't mind
You are welcome. God bless your Soul!

Below is another gift for you. Enjoy it!
  • #25,294
  • Feb 12, 2013 12:05pm Feb 12, 2013 12:05pm

11th FEBRUARY,2013
Eur/Usd Pair/10:00 candle close/GMT+3


Trading from the Lens of Phillip Nel

The System flows in our Blood Stream


Every info is in the chart. Questions or comments are welcome.

Brief Analysis:

 

  1. Price on the Weekly time frame (Wkly TF) is on the 8ema, so we expect an upward pressure at that level, that is, we expect an up move. That is what the 8ema normally does if you remember the rule
  2. For the Daily time frame, price has broken below the 21ema, and we are also expecting price to pull back to the 21ema according to the rules. Which means for the Daily we are also expecting and a temporary up move...
  3. Then on the 4HOUR time frame on the MACD itself we have a double bottom...
  4. At this stage the 1HOUR time frame was showing an aggressive turn-around of price, and that was a setter for me...I humbly pulled the trigger.

I executed two positions and took good profits. The trade was taken on the 1HOUR time frame just at the close of the 10:00 candle, that is, that green bar or candle kissing the bottom trendline with a tail on the 1HOUR chart. SEE CHART FOR DETAILS.


God Bless Phillip!

Attached Image (click to enlarge)
Click to Enlarge Name: Feb 11-overall-1.gif Size: 69 KB
  • #25,295
  • Edited 2:50pm Feb 12, 2013 12:48pm | Edited 2:50pm
Some traders get confuse sometime with TC and when to take a trade.
I have a view about it.-any comments welcome,
Attached File(s)
File Type: pdf what's a TC.pdf   780 KB | 640 downloads
Yvon
  • #25,296
  • Feb 13, 2013 4:57am Feb 13, 2013 4:57am
Hi,
Thanks for sharing. I took at look at your analysis, and realised I might have not understood or confused about how to use the strategy correctly. I have many questions for you. Hope you don't mind taking them.

1. On the daily chart, the price was going to pull up to the 21ma but do we have to consider that there might not be much space for movement since the moving averages are also used as resistance?

2.On the 4hr chart, the MACD - is that continuous trend?

3. I cannot figure why you took the entry on the 1hr chart (10am). What is the indication?

4. And on the 4hr chart, the previous candle there was a long spike isn't that an indication price is not making the upward movement?

Thank you for taking my questions. And certainly hope you can be patience with me as I will have a lot of question.

Regards,
Fuiyong

11th FEBRUARY,2013
Eur/Usd Pair/10:00 candle close/GMT+3


Trading from the Lens of Phillip Nel

The System flows in our Blood Stream


Every info is in the chart. Questions or comments are welcome.

Brief Analysis:

 

  1. Price on the Weekly time frame (Wkly TF) is on the 8ema, so we expect an upward pressure at that level, that is, we expect an up move. That is what the 8ema normally does if you remember the rule
  2. For the Daily time frame, price has broken below the 21ema, and we are also expecting price to pull back to the 21ema according to the rules. Which means for the Daily we are also expecting and a temporary up move...
  3. Then on the 4HOUR time frame on the MACD itself we have a double bottom...
  4. At this stage the 1HOUR time frame was showing an aggressive turn-around of price, and that was a setter for me...I humbly pulled the trigger.

I executed two positions and took good profits. The trade was taken on the 1HOUR time frame just at the close of the 10:00 candle, that is, that green bar or candle kissing the bottom trendline with a tail on the 1HOUR chart. SEE CHART FOR DETAILS.


God Bless Phillip!

[/quote]
  • #25,297
  • Feb 13, 2013 6:02am Feb 13, 2013 6:02am
Hi!

I'm trying to learn more about this system. A lot of stuff in here...

Why M. Phillip Nel is not active anymore?


Thank you,
Mfinab
  • #25,298
  • Feb 13, 2013 7:59am Feb 13, 2013 7:59am
Hi Naustingfx,
I am new to 4H MACD, I have seen the videos and I am almost done with the 23 deal tutorial that Phil had put together. I have a question, appretiate your feedback.
Question : How do we choose a profit target, is it the nearest of the 89 SMA, 200 SMA, S/R lines only or there is another formula

Regards,
Snowfall
  • #25,299
  • Feb 13, 2013 8:15am Feb 13, 2013 8:15am
Trademin,
Great post !!
History repeated itself : EURUSD 2/12/2013 6am PST to 10 pm PST.
Question: What early indications do you look for to assess that the RT that is forming may be a fake one and would end up being a TC.

Regards,
snowfall
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_4H_TC.jpg Size: 102 KB
Click to Enlarge Name: EURUSD_1H_TC_Breakout.jpg Size: 94 KB
  • #25,300
  • Feb 13, 2013 10:27am Feb 13, 2013 10:27am
Greetings!

I found this thread a year back but never really looked into it properly. Meanwhile I stumbled across other strategies that I just couldnīt adjust to.
I actually traded Philip Nelīs 5min strategy for some time with good results. But in the last months price seems a bit too volatile to trade in such small TFīs.

3 weeks ago I started to study this method and I like what I see so far Seems reliable.

Starting today Iīll be trading this method live.

Iīll be posting my entries in the hope that you can help me correct my mistakes

Thanks,
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