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4 Hour Strategy (MACD)

  • #25,321
  • Feb 19, 2013 12:27pm Feb 19, 2013 12:27pm
naustingfx and trademin and anyone else.. ;-)

I enjoy reading your ideas/thoughts you have lots of experience with trading and this system.

What I am struggling with (i read the attachment on TC a few pages back)

I know the MACD is not the basis to take a trade but such as this trade today, I set it as a pending order while i was away.

The MACD was coming up from negative to the zero line, except experience and a gut feeling how do you determine what could be

a zero break back down or a TC and break out up.

I am assuming this comes from the whole study of looking at price action, ema etc.

I am asking how much you use the MACD in your analysis?

How would you know a TC/zero break?
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  • #25,322
  • Edited 3:27pm Feb 19, 2013 2:49pm | Edited 3:27pm
Quoting yaakruay
naustingfx and trademin and anyone else.. ;-)

I enjoy reading your ideas/thoughts you have lots of experience with trading and this system.

What I am struggling with (i read the attachment on TC a few pages back)
Hi,
First of all Phil mentioned that the MACD is a confirmation of your analysis. So If you analized the whole picture and the outcome is that the price mith go down and the MACD is confirmated it with a TC or whatever.... you go. So the MACD is a confirmation of your analysis!

Second the situation today is the price is between the 200 and 89....also a rule is that price tend to be in consolidation right now!....it isn't said that...we also coud have a breakout! Phil also mentioned... if the price is kept within such a range (between 200 and 89) be careful....be very careful.

Besides that.... the MACD in your chart wasn't giving a signal.... If with the next candle the MACD is down and minus... then, only then we have a Break of zero... So in this case you need to wait for the next candle

As you see the last graph from NaustingFx... he feels confident at his analysis and is acting when a TC comes.....see the tails (red circles in his graph), see the symmetric triangle, daily chart, 1h chart.

So it's not the MACD what makes your analysis...it's the ritme, the tails, bodies...etc... and then it's confirmed with the MACD and you go in.

At the first time I only focussed at the MACD...."ahhhh we have TC...let's go!" short time later I started to add the monthly, weekly and daily resistance and support lines.... So with time, I recognised that prices often haltet at the supportlines, resistance lines I draw (that's fun, also when "specialists"are saying: "the 1.3393 resistance is testet now" and you see it in your own graph....well that's making fun .... after that I also recognized that even a MA is acting as support/resistance in smaller time-frames.... when you then trade with the ritme and the rules then it makes you hopefully more comfortable.

Maybe when you listen again to the different lessons from Phill... than it's maybe more clear.... well in my case it was!!

Hope this helps a bit and good luck!!


Ps. I'm also learning and learning and I really find the graphs from eg. NaustingFX very helpfull in understanding the ritme more and more
You can manage risk, but you can't manage the return
  • #25,323
  • Feb 19, 2013 3:54pm Feb 19, 2013 3:54pm
Thanks HappyMe,

That's what i was after just someone to confirm my thoughts and add extra for me to think about.

I find it better and more informative when we can discuss the charts live and with our trading ideas.

Thank you
  • #25,324
  • Feb 19, 2013 6:08pm Feb 19, 2013 6:08pm
Quoting yaakruay
Thanks HappyMe,

That's what i was after just someone to confirm my thoughts and add extra for me to think about.

I find it better and more informative when we can discuss the charts live and with our trading ideas.

Thank you
the MACD in your chart wasn't giving a signal.... If with the next candle the MACD is down and minus... then, only then we have a Break of zero... So in this case you need to wait for the next candle

Hope I could help you to find some answers...
You can manage risk, but you can't manage the return
  • #25,325
  • Feb 19, 2013 10:05pm Feb 19, 2013 10:05pm
..There is a TC in the daily chart....it is weak..but still a TC
  • #25,326
  • Feb 20, 2013 12:08am Feb 20, 2013 12:08am
somebody tried to look h-5 on strategy?
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  • #25,327
  • Feb 20, 2013 2:00am Feb 20, 2013 2:00am
Quoting Amadeus8
..There is a TC in the daily chart....it is weak..but still a TC

Please state what you saw, so it's easier to follow your idea.

Was it the TC from the DB? That's what I can see on the D1
  • #25,328
  • Feb 20, 2013 6:30am Feb 20, 2013 6:30am
Thank you, this also solved my confusion
Quoting HappyMe
Hi,
First of all Phil mentioned that the MACD is a confirmation of your analysis. So If you analized the whole picture and the outcome is that the price mith go down and the MACD is confirmated it with a TC or whatever.... you go. So the MACD is a confirmation of your analysis!

Second the situation today is the price is between the 200 and 89....also a rule is that price tend to be in consolidation right now!....it isn't said that...we also coud have a breakout! Phil also mentioned... if the price is kept within such a range (between 200 and...
  • #25,329
  • Feb 20, 2013 4:27pm Feb 20, 2013 4:27pm
Quoting HappyMe
Hi,


Second the situation today is the price is between the 200 and 89....also a rule is that price tend to be in consolidation right now!....it isn't said that...we also coud have a breakout! Phil also mentioned... if the price is kept within such a range (between 200 and 89) be careful....be very careful.

Okay, got it but now price has just touched the 365 after coming down from the 89. I am trying to get my head around the rhythm. Yes, I have read and listened to the Philip and look at my own charts but as yet I cannot get the rhythm in my DNA/brain etc.

If price goes back up we are in consolidation awaiting breakout and a new trend which will follow the 8 and 21 bounce until end pattern repeats itself.

Sorry for newbie style questions which have been answered a million times in the thread, but its so much easier when put in your own words and about current price action, seems to make it more real with feeling that sinks into the brain easier.
  • #25,330
  • Feb 20, 2013 5:23pm Feb 20, 2013 5:23pm
Quoting yaakruay
Okay, got it but now price has just touched the 365 after coming down from the 89. I am trying to get my head around the rhythm. Yes, I have read and listened to the Philip and look at my own charts but as yet I cannot get the rhythm in my DNA/brain etc.
Hi,

I try to give you my view... but also I think (I know) I'm a newbe...

-At the weekly we sit in the range of the 200 an 89 (near the resistance of the 89) => consolidation
-At the daily it looks like we going down. we head a trend, price went below 21, went up and is now down and maybe testing the 89 area

So the nearby term is in my view going down to the 89 at daily or weekly

-At the 4H we had a breakout from the range 200 and 89 so the price CAN go into a trend down. With the rule: if we break a MA then we can test the breaking MA before continuing the move". I'm now waiting for a pull back to the 200....and if we in that pull back have a nice TC (down) I'm in if the R:R is correct. So I'm waiting now and hope the price is going in a downtrend and waiting for the first wave as confirmation with a MACD signal down

well that's my view ofcourse...

I also struggle with your question and did the following: Go to the H4 and see how the price is behave in relation with the MA's and the rules. See the waves. For me that was an eyeopener..

Hope this helps, Regards
You can manage risk, but you can't manage the return
  • #25,331
  • Feb 20, 2013 6:28pm Feb 20, 2013 6:28pm
Quoting yaakruay
naustingfx and trademin and anyone else.. ;-)

I enjoy reading your ideas/thoughts you have lots of experience with trading and this system.

What I am struggling with (i read the attachment on TC a few pages back)

I know the MACD is not the basis to take a trade but such as this trade today, I set it as a pending order while i was away.

The MACD was coming up from negative to the zero line, except experience and a gut feeling how do you determine what could be

a zero break back down or a TC and break out up.

I am assuming this comes...
here is my answer.
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Yvon
  • #25,332
  • Edited 5:37am Feb 21, 2013 1:12am | Edited 5:37am
EURUSD: just closed partial positions at 1.3265 with gain.-nice trade.
what is left is with a close SL.- tageting 1.3200

second target reached 1.3200 with gain ;-)
Yvon
  • #25,333
  • Feb 21, 2013 1:30am Feb 21, 2013 1:30am
Brilliant, thank you, a picture is worth a thousand words or more in your case.

That's what I was talking about, as I have been actively trading in this chart window I have a real feeling for it.

Now I can see your analysis, you do everything I know and have learnt but do not do!

Big thanks, no more questions today


Except.
Quote
HappyMe talks about "-At the weekly we sit in the range of the 200 an 89 (near the resistance of the 89) => consolidation
-At the daily it looks like we going down. we head a trend, price went below 21, went up and is now down and maybe testing the 89 area

So the nearby term is in my view going down to the 89 at daily or weekly"



In your H4 analysis how much from the larger time frames are you including, trend lines, ema targets or do you do a complete analysis of these to, including divergence etc to confirm targets on the H4?


thanks all
  • #25,334
  • Feb 21, 2013 1:43am Feb 21, 2013 1:43am
Quoting yaakruay
Brilliant, thank you, a picture is worth a thousand words or more in your case.

That's what I was talking about, as I have been actively trading in this chart window I have a real feeling for it.

Now I can see your analysis, you do everything I know and have learnt but do not do!

Big thanks, no more questions today


Except.




In your H4 analysis how much from the larger time frames are you including, trend lines, ema targets or do you do a complete analysis of these to, including divergence etc to confirm targets on the H4?


thanks...
- I have to go to sleep! But I'll leave you on my target:1.3200- Now go see where the weekly 89sma is standing at!
Yvon
  • #25,335
  • Feb 21, 2013 11:24am Feb 21, 2013 11:24am
Quoting yaakruay
Please state what you saw, so it's easier to follow your idea.

Was it the TC from the DB? That's what I can see on the D1
There was a TREND CONTINUATION signal (TC) from the MACD in the daily chart by the time a posted but it became a zero line break which have a 87 pips rush right now.
  • #25,336
  • Feb 22, 2013 12:59am Feb 22, 2013 12:59am
Quoting trademin
- I have to go to sleep! But I'll leave you on my target:1.3200- Now go see where the weekly 89sma is standing at!

My trade idea.

Price had reached the 89 and had touched the 21 on WT (macd showing down trend but still positive)
Price had reached the 89 on the DT. Ready for a bounce up. also off MS1 and WS2 (macd negative)

On H4 price had reached MS1 WS2 , this area was also the 89 on DT and 21 on WT (strong support area for a bounce up) price had passed through 365 needs to retest?

H4, Price needs to return to at least 8 MA or retest the 365 or 21 etc.

Candle I opened the trade on was looking very much like a hammer too

(last part of my idea)
I went for a against counter trend but a quick Long 30 pip trade, using the macd showing me a RB on the first green up.
.

Finally using a loose harmonic swing from the pullbacks in this downtrend this reaches the 365 maybe another piece of the jigsaw that fits.

Not sure of my analysis but the move came off.


(the butterfly is on the chart but i did not use it in this analysis as i did not put the fibs on and check pullback and possible targets, it's just there on the chart)

Any suggestions/ideas very much welcome from all.
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  • #25,337
  • Feb 22, 2013 2:46pm Feb 22, 2013 2:46pm
Hello there
I want to make use of some parts of this system, but in daily timeframe.

It's mainly a question to Trademin. Could you make me a favour and give link to Philip Nel speech where he has introduced a settings for daily MACD system ? You've said that it's 10,22, but i want to know more ( what are circumstances of using it).
I've alredy searched tons of materials, but didn't find anything :/
Thanks
Peter
  • #25,338
  • Feb 23, 2013 12:34am Feb 23, 2013 12:34am
Quoting 00piotr2
Hello there
I want to make use of some parts of this system, but in daily timeframe.

It's mainly a question to Trademin. Could you make me a favour and give link to Philip Nel speech where he has introduced a settings for daily MACD system ? You've said that it's 10,22, but i want to know more ( what are circumstances of using it).
I've alredy searched tons of materials, but didn't find anything :/
Thanks
Peter
hi 00piotr2,

there it is:
the link leads to videos that Phillip Nel made a while ago on every sunday and called them«WEEKLY ANTICIPATION» .
https://skydrive.live.com/?cid=30d11...295047C9%21291
those videos were for possibilities that could be done on the 4hrs Macd Strategy.-thanks to Phillip Nel.
Yvon
  • #25,339
  • Feb 23, 2013 1:06am Feb 23, 2013 1:06am
[quote=yaakruay;6462791]Brilliant, thank you, a picture is worth a thousand words or more in your case.

That's what I was talking about, as I have been actively trading in this chart window I have a real feeling for it.

Now I can see your analysis, you do everything I know and have learnt but do not do!

Big thanks, no more questions today


Except.




In your H4 analysis how much from the larger time frames are you including, trend lines, ema targets or do you do a complete analysis of these to, including divergence etc to confirm targets on the H4?......

sometime it is clear where the pair is heading.-just a blink on the daily chart is needed. When there is a pull back,(on the 4hrs tf) the target is already known (set by the rules). So looking at daily chart, just confirm the direction.

Just a reminder:
the market's behaviour is express in different time frame, ticks, 1 min, 5 min, 15 min, 30 min, 1 hr, 4hrs, daily, weekly, monthly, but still no strangers to each other.
A trend line done on the monthly is a line drawn on every time frame.-
Since a platform window could only contain a certain number of candle. It is obvious to say that monthly chart shows more history data than a 5 min chart. - so if I take a look at daily and weekly chart , it is a condensed 4hrs candles covering a larger period having a larger perspective of that particular pair.- the template I use for the 4hrs macd strategy, is the same used on other time frame.- supports / resistance on a time frame, should be recognized on another time frame.
any comments welcome,
Yvon
  • #25,340
  • Feb 23, 2013 8:30am Feb 23, 2013 8:30am
Quoting 00piotr2
Hello there
I want to make use of some parts of this system, but in daily timeframe.

It's mainly a question to Trademin. Could you make me a favour and give link to Philip Nel speech where he has introduced a settings for daily MACD system ? You've said that it's 10,22, but i want to know more ( what are circumstances of using it).
I've alredy searched tons of materials, but didn't find anything :/
Thanks
Peter
10 22 1 was used for a 5 minute strategy he made.....for the daily its still 5 13 1
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