4 Hour Strategy (MACD)

Thanks for reply.
Have you got link to prove that setting?
In his weekly anticipation Phil used 10,22 MACD...

yes you are correct i have the link to his old skydrive too, and in the daily it showed 10 22 1, but from what i remember he used that more for divergence rather than signals on the daily. The only proof i have is a screen shot of his 5 minute strategy from the "combo" box but this is his property and not my right to post. In any case, its not such a big deal. I do trade this on the daily using 5 13 1 but to be honest i rarely use the macd, just use the rythym of the market and its dance between the MAs. So dont stress about it, use either one you like. Its not the most important part of the method.
I wish you success.
Good Luck

hi ybeidas,
you have been around for quite some time, longer than me, you have seen that before. It does make sense using 10,22,1 for the 5min strategy- since the need for cutting down the noises, having a smother indication from the Macd, avoiding false signal.-But why did he used that setting on the 4hrs strategy?- At the same time, I don't remember him referring to 10,22,1 while doing is analysis on the weekly anticipation. !?!

for my part, I always used 5,13,1 for the 4hrs macd strategy- except once in a while. as I said before. I am more confident with 5,13,1 -I have never paid attention to 5 min strategy really , didn't get familiarize with it either since I am satisfied with the 4hrs macd strategy.. but it does sound plausible that 10,22,1 is strictly for the 5min strategy. while we are at it: does the rsi set at 8 belong to the 5min strategy too? If it is the case then easy to understand: Phillip Nel could have just streched the 5 min to daily.
I go with it. suggestion to anyone wanting to use 10,22,1: ignore the 10,22,1 stay with 5,13,1 .
thank you for intervention ybeidas, it is greatly appreciated.
any comments welcome,

you are right he used 10 22 1 for the 5 min to make it smoother, but he never used it for signals on the 5 min either only for divergence, and keep in mind the 5 minute strategy is NOT part of the 4hr strategy but part of a combo box of strategies that were not on ff. He also had another 5 minute strategy which is on ff.

The RSI was not part of the 5 min but part of the 15 minute combo box strategy. Which again has nothing to do with the 4 hr macd system.

Oh boy, hope that all made sense, i hope i didnt confuse anyone, except myself lol. But in conclusion i just use 5 13 1 on daily as well as 4 hr and 1 hr (for early entry.)
Hope that helps

yes! Oh boy!what a situation! Your explanation is very fine with me , I wasn't aware about a 15 min strategy!-that's new to me!-Well I guess there was a hole in the path of the 4hrs Macd Strategy needing to be filled! You have done the job perfectly!- everyone can "drive" safely now, get you seat belt on!
Big thanks to you,

On the daily chart in EURUSD, there is an evidence of a Head and Shoulders formation. A projection from the neckline would give a nice 400 pips down from the breakout, so EURUSD, later, having a reading price of 1.29 would not be a surprise.-my guess.
have a nice day,

Hi guys,

Could you please make an MACD indicator which would have EMA 5 from 4H chart and EMA 5 from daily chart?
That means the MACD line would be calculated: EMA 5 (4hour) - EMA 5 (Daily) and this indicator would be on 4H chart. I would like to compare it with 5,13,1.
Thank you in advance.

R

I see it, and agree we probably will see 1.29 eventually. But check out the monthly 21 and 89 and where price is (could see a move back from 21 to 89)..same with weekly 21, 89 and 200 (tapped the 21 on weekly and bounced slightly, could see a move back to 89 and 200 before further move south).

Daily candle also almost tapped 89 and may wanna go back to 21 before any further south move(also candle was a spinner/doji open and close were within 5 pips = indecision, maybe next candle will give better clue), and if we look at 4 hr now we can see all these tails to the bottom, maybe hinting to an up move, also look at my daily chart, see the blue circles, previous resistance might now serve as support. Thats why i am going to look for a long on Sunday, but i want my stop around the 1.3115-19 area but i dont want a 80 pip stop so i will wait for price to come downa bit to 1.3165 area giving me about a 50 pip stop. 4hr MACD currently supports my action, also got macd divergence.

Also look at the weekly chart trendline, looks like we are right on it.
...and after all that price may and probably will do the exact opposite lol.

Beautiful setup there on EURUSD all around, especially H4, just like in Rob's "textbook"! Those wicks show that market was shorted out heavily but stood the test, so a quick upwards recovery is very likely towards the end of this week, continuing to fall down thereon - only time will tell!

Excellent chart ybeidas. I too believe that we may see some upside before a further drop. The divergence on the 4h as well as price almost touching the 89SMA on the daily.

Remain in the Spirit of the System

Thanks to everyone for your comments and contributions!
I love your points of argument. It is very encouraging. When you have some points to argue about, it is a good sign that you are learning well and coming up fast and definitely you are going to meet and embrace the truth very shortly. It is a sort of transformation process that is going on in your lives. It happens to everyone.

When a new idea or thought or revelation comes to us, we might not know what it is pointing at for the moment. But as we reconsider it and meditate upon it, after a short while, it will begin to make meaning to us and we begin to appreciate it until we begin to work in it and dine with it and manifest it. When it comes to the level of manifestation: that is, manifesting what we have learned, we then begin to benefit from the fruits (pips) that it brings or promises. Note-This is not a day process.

I want to encourage everyone not to be discouraged. Do not quit! Do not give up! Quiters don't win and winners don't quit!
As you argue about a certain point or price behavior and you are been skeptical or doubtful of what may happen next or what someone says is likely to happen next in the market you are simply heading to meet the truth of what price does at various times and situations AND THAT IS MARKET RHYTHM.
TO TELL EVERYONE THE TRUTH; MARKET RHYTHM WHICH IS THE KEY THING IN THIS SYSTEM IS THE SOURCE OF MY VICTORY! IT TOOK ME SOMETIME TO GET IT SINK INTO MY DNA. BUT WHEN IT DOES, IT CANNOT BE ERASED AGAIN! IT REMAINS WITH YOU FOREVER!
I DON'T EVEN LOOK AT THE MACD AGAIN. THAT IS WHY MANY OF THE TRADES I POST HERE YOU HARDLY SEE ME MAKING REFERENCE TO THE MACD. SOMETIMES I DO TO MAKE IT CLEAR TO THOSE WHO DWELL MUCH IN THE MACD.

THAT DOES NOT MEAN THAT THE MACD IS NOT IMPORTANT... IT IS LIKE BUILDING A HOUSE. WHEN YOU FIRST STARTED THE HOUSE A LOT OF MATERIAL, TOOLS AND EQUIPMENT WILL BE NEEDED, BUT AS THE HOUSE DEVELOPS, THOSE MATERIALS THAT WERE VERY IMPORTANT IN THE BEGINNING WILL BECOME LESS IMPORTANT UNTIL IT GETS TO A CERTAIN POINT WHERE YOU DON'T NEED THEM ANYMORE...SO MACD IS A CONFIRMATION GUIDE TO TRADING THIS STRATEGY. IT TELLS YOU THAT THE ANALYSIS YOU HAD DONE IS CORRECT. SO AS YOU KEEP USING IT TO CONFIRM THAT YOU KNOW HOW TO ANALYZE THE MARKET AND DETERMINE WHERE PRICE IS GOING NEXT YOU GROW GRADUALLY. AND AT A POINT IN YOUR TRANSFORMATION PROCESS YOU SEE THAT MAYBE OUT OT 30 TRADES YOU ANALYZED AND WAS ABLE TO KNOW THE NEXT DIRECTION OF PRICE THAT THE MACD AGREES WITH IT. IT THEN MEANS THAT YOU CAN STILL ANALYZE ANOTHER 30 SET OF TRADES AND MACD WILL CONFORM WITH YOUR DIRECTION. THIS MEANS YOU ARE BEGINNING TO DO WELL EVEN WITHOUT THE MACD'S CONFIRMATION. YOU WILL SIMPLY ASCEND TO THE LEVEL WHERE MACD OR NO MACD YOU KEEP MAKING CORRECT DEALS!
FOR ME NOW EVEN THOUGH I HAVE THE MACD IN FRONT OF MY SCREEN I DON'T THINK I CAN REMEMBER WHEN I LOOKED AT IT LAST BEFORE TAKING A TRADE. BUT WHEN I WANT TO POST MY TRADES, I WILL NOW CONSIDER IT JUST TO EXPLAIN TO PEOPLE THAT THE MACD IS A HANDY TOOL FOR TRADING THE FOREX MARKET AND I TRY TO MAKE IT CLEAR HOW IT CONFORMS TO THIS STRATEGY. ALSO I LIKE TALKING ABOUT THE MACD SOMETIMES BECAUSE OF THE NAME PHILLIP GAVE THIS SYSTEM(4HOUR MACD STRATEGY)

I SEE A LOT OF QUESTIONS ON TRADING THE TREND CONTINUATION PATTERN-TC. I AM PLANNING ON POSTING EXACTLY THE WAY I DO IT. JUST THE WAY I HAVE BEEN DOING IT FOR SOME YEARS NOW AND HAVE BEEN ACHIEVING GOOD RESULTS WITH IT. I KEEP IT VERY SIMPLY! I READ THROUGH WHAT trademin POSTED ON TRADING TC WHICH IS VERY INFORMATIVE AND POWERFUL! I WILL TRY POSTING MY OWN VIEW LATER. NOT SO MUCH DIFFERENT FROM WHAT HAD BEEN POSTED BY TRADERS HERE, BUT I WANT TO MAKE A DETAILED POST ON IT AND POST IT. IT IS GOING TO TAKE SOME TIME BECAUSE I WANT TO NAIL TO DOWN ONCE AND FOR ALL!
PRAY FOR ME: FOR THE GRACE TO ACHIEVE IT. I WANT TO EXPOSE ALL OF IT! THAT IS WHY I HAVE NOT REALLY RESPONDED TO ALL THE COMMENTS AND QUESTIONS BY MANY TRADERS HERE ON TRADING THE TREND CONTINUATION PATTERN. EVEN THIS POST, I HAVE TYPED MORE THAT HALF OF IT SINCE THE 21ST FEBRUARY 2013. BUT I COULDN'T COMPLETE IT AND I TRAVELED. I SPENT LIKE 3 DAYS. I JUST CAME TODAY AND CONTINUED THE TYPING FROM WHERE I HAD STOPPED AS I DID NOT CLOSE MY BROWSER-I HIBERNATED MY COMPUTER AND LEFT QUICKLY!

SO LETS KEEP ENCOURAGING ONE ANOTHER. EVERYTHING WILL BECOME PERFECT SOON FOR EVERYONE.

I WISH EVERYONE PEACE!!!

Thank you very much nausting. It is very true. I think that trading with the market rhythm would make much more sense if it is traded along with the COT report because we will confirm with this system what are the "big sharks" doing.

hi,
well done ybeidas,
The 89sma as been a very support for quite some time on the Daily so a rebound is possible.- after breaking the SHS there is still no pull back yet, so it could be possible.-

Thanks guys...

Check this weekly chart out...first time the weekly cad closed above the 200 in almost FOUR years....hope for a nice pull back to it on daily or so...hard to be patient and not jump straight in...been playing longs on this for a few weeks but flat right now..

Though bullish, just took counter trend trade, 1st tp 1.0208, then will put 2nd position to B/E....Hope we can get to 1.0175 ish then will look for nice longs....stop @1.0262 ish
c'mon market if your gonna stop me out, do it fast please..

Hi,

I hear your point but I think as it's called the 4 hour Macd system, it makes new people to the system concentrate on it as the foundation to the system.

However, the real foundation is the price action with the moving averages, as pointed out a few posts back by trademin. The movement around the 8, 21 and 89.

I cannot believe I have had these moving averages and macd on my charts for 2 years but never came back to this system and even though the things were on

my chart, I didn't look at them i just saw them and looked straight through them. Stupid but true I guess for a lot of newbies.

So many indicators to play with etc, but really it just needs to be kept simple.

Learn the basic rhythm and get it into your DNA then the deep analysis will eventually come to your brain automatically and the Macd is no longer the focal point for your trades. This is my experience now.


I do have a question about the macd.
I went back through the thread and found macd v103 with a text instructions, which prints on the macd RB, RT, TC etc which should make it easier to learn these with the macd and just use it for confirmation.

My questions is what is V top and V bottom or VT and VB... vertical or top are my only ideas but neither seems to make sense.

thanks all

Great trading.



edit..ps..

I first did my own analysis on Sunday evening and then logged onto the thread and found ybeidas had put up his analysis and it was the same conclusion I had arrived too. That made me happy that the system is slowly seeping into my brain, love watching the price around the 89 on all time frames.

I guess that with the election in Italy, bullish and bearish traders on EURUSD , are satisfied.-I am!- but still bearish! (but I closed the bullish side with gains),

few pips gain in USDCAD, which I don't know too much.

just some taughts about the Macd,

have a nice day,

Hi guys, beautiful setup on the cable this morning. Bounce off 21 EMA and MACD supporting a trend continuation pattern.

http://i.imgur.com/Z8dzdtz.jpg?1

Congratulation on that trademin!

Still expect the EURUSD and EURJPY to be in bearish mode for at least weeks ahead.
1.29 for EURUSD.

Very happy to see this forum still living throughout the years!