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4 Hour Strategy (MACD)

  • #25,381
  • Feb 28, 2013 6:08pm Feb 28, 2013 6:08pm
Hello everyone,

I'm new here and have a quick question.

How can I get the (5,13,1) MACD settings for other platforms. It seems there is something different to mt4 and how it calculates? I'm trying to get it to work on several futures trading platforms with no luck.

Thank you in advance! Keep up the great work here!
  • #25,382
  • Mar 1, 2013 1:12am Mar 1, 2013 1:12am
Quoting indextrader7
Hello everyone,

I'm new here and have a quick question.

How can I get the (5,13,1) MACD settings for other platforms. It seems there is something different to mt4 and how it calculates? I'm trying to get it to work on several futures trading platforms with no luck.

Thank you in advance! Keep up the great work here!
I think it would help if you said what platforms you are working with.
  • #25,383
  • Mar 1, 2013 2:04pm Mar 1, 2013 2:04pm
Hi there! Been here for a while reading here at FF and have been studying this thread and Phillips lessons for a while!
Trying to get the feel for the price action and spotting TC setups.

Take a look at my chart of USDCHF. I have pointed out three possible setups (1, 2 and 3) that bounce from the EMA21.
First of all, price broke the SMA89 level (yellow line) and came back to EMA21 after finding resistance on the SMA200 level.

Setup "1"
Should MACD be consideres as a ZB or BOZ signal?
Either way im suspecting that the signal candle closes to close to the resistace at SMA200 to be a 1:1 trade?
I would say no trade on this one.

Setup "2"
Price found resistance at SMA365 and bounced back to the EMA21.
ZB signal on MACD and a nice hammer candle with tail below trendline.
My first thought here is "dont buy into resistance", and i would place my entry just above the SMA365. With S/L under the EMA21 close to the support trend line.
How would you do you entry and exit strategy here?

Setup "3"
Once again, ZB at MACD and price at EMA21 and support trendline.
Entry above trendline that acted as previous resistance. S/L just under EMA21.

Also here i feel like taking some of the table at 1:1 (in this trade after about 30 pips) and move S/L to break even.
This is because i tend to notice that the price often continues beyond T/P level.
On the other hand, i take the risk of being stopped out at BE with only half the pips gained. But every gained pip is a gained pip, and a BE trade is a winner right?!

Would really like to hear you comments and thoughts!
Im a newbie, and need all the tips and help i can get. Great thread and good job here everyone!


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  • #25,384
  • Mar 5, 2013 2:17am Mar 5, 2013 2:17am
Are there any potential for GBPUSD? Is it likely going to move upwards and touch 89ma? Thanks for replying.
  • #25,385
  • Mar 5, 2013 2:44pm Mar 5, 2013 2:44pm
Quoting Fuiyong
Are there any potential for GBPUSD? Is it likely going to move upwards and touch 89ma? Thanks for replying.
Cable is flirting with the 21 EMA on the 4HR. It still needs more time to confirm a sense of direction.
  • #25,386
  • Mar 5, 2013 3:04pm Mar 5, 2013 3:04pm
I took a USD/JPY Buy at the very end of the 2nd red tweezer candle because I liked the double tweezers and there was alot of support including the 89, 21, and $93.000. I think I took the trade one candle too early because the MACD had not closed green yet. Needless to say, it went my way and I closed out of my first trade with 32 pips and am in my 2nd trade risk free. Was I wrong in taking the trade early or would others have done the same? I new to this so any freedback would be greatful. Thanks, Scott
  • #25,387
  • Mar 11, 2013 9:40am Mar 11, 2013 9:40am
Hi
Just to pop in and say that I am still trading and doing well. Thanks to all the guys helping the new ones coming to the thread. Rhythm is what it is all about.
Phillip
  • #25,388
  • Mar 11, 2013 11:41am Mar 11, 2013 11:41am
Quoting Phillip Nel
Hi
Just to pop in and say that I am still trading and doing well. Thanks to all the guys helping the new ones coming to the thread. Rhythm is what it is all about.
Phillip

Thanks for showing up and for your system(s). Good to hear you are still trading ---- trading THIS system?

Thanks and respectful greetings
  • #25,389
  • Mar 11, 2013 11:43am Mar 11, 2013 11:43am
I am glad to read you, glad to know you are doing well. thanks again for giving us this strategy and all the excellent work done after that.
best regard, God bless you,
Yvon
Yvon
  • #25,390
  • Mar 11, 2013 11:44am Mar 11, 2013 11:44am
Quoting Phillip Nel
Hi
Just to pop in and say that I am still trading and doing well. Thanks to all the guys helping the new ones coming to the thread. Rhythm is what it is all about.
Phillip
Phillip, I can't begin to thank you enough for this method and all the hard work you have put into this thread. I have just recently stumbled upon it some months ago and it has truly given me clarity regarding market movement/momentum. My trading has turned around completely. Thank you and everyone else who contributed. God Bless .
  • #25,391
  • Edited Mar 12, 2013 2:19am Mar 11, 2013 1:27pm | Edited Mar 12, 2013 2:19am
Great to see people doing well with the strategy. It takes time to master but once you do you will be able to trade successfully. Here is a trade I did today on EurJpy. There was a breakout with a pullback to breakout level. I switched to 1H to time my entry better. Currently up 40pips and at breakeven so I have a free ride.

Edit
Moved stoploss using 15min
Edit
Taking half profit at +55

Edit
Closed out for +55 and +72.5
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  • #25,392
  • Mar 11, 2013 2:17pm Mar 11, 2013 2:17pm
A nice trade!

well done M. Nel!
Yvon
  • #25,393
  • Mar 11, 2013 2:19pm Mar 11, 2013 2:19pm
Thank you for your school, I don't have enough patience to wait a profit, you can tell something? excuse for my English
  • #25,394
  • Edited 3:34pm Mar 11, 2013 3:15pm | Edited 3:34pm
Here are the last 7 trades. All of them taken on market rhythm.
1. Long:Breakout as well as TC onn MACD
2. Short:Closed below 21 then pullback and move away. Trade down to 89sma
3. Short: Price between 89sma and 200sma with a tail moving down from 89sma. Trade to 200sma.
4. Short: Price below 200sma and TC on MACD. Stopped out.
5. Short: Heavy tail. Switch to 1H and took early entry.
6. Short:Zero break. Switch to 1H for early entry.
7: Short:Zero break and trendline break. Switch to 1H and took early entry.

Edit:
Trades 5 and 6 was when the stockmarket also came down therefore it was easy to let the profits run. I anticipated som nice movements and gave each trade a chance to perform.
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  • #25,395
  • Mar 11, 2013 3:50pm Mar 11, 2013 3:50pm
Well, thank you. Great post. It will cost me the whole evening to evaluate only this post.
I usually trade the THV System (with some own extensions) but still searching for new great things.

I subscribed to your thread and will work through it in the next weeks.
But what i can say till now, it suits to my trading style and i think i like it.

Read ya..
How to opt out annoying user signatures ??
  • #25,396
  • Mar 11, 2013 8:08pm Mar 11, 2013 8:08pm
Phil,
Thanks for sharing, I am a newbie and trying to learn the system and had a few questions on your charts.
1. How did you conclude that trend has changed and trade #2 should be a short and not a long (is it a good rule of thumb to say that if EMA(8) is below SMA(89) we should focus on short trades only and if EMA(8) is above SMA(89) then we should focus on long trades only)
2. What will make you change your mind that the market is now turning and we should no longer take short trades bu instead look for long trades.
3. How did you arrive at the exit points for Trade # 1,5,6,7

Warm Regards.
  • #25,397
  • Edited 3:18am Mar 12, 2013 2:46am | Edited 3:18am
Great to have you back Phil.

Took E/U short...4hr close below 21, and nice price movement on 15 min

update: it moved fast, took partial profit at 20 pips, set rest to break even..... tp 1.2960
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  • #25,398
  • Mar 12, 2013 3:46am Mar 12, 2013 3:46am
Quoting snowfall
Phil,
Thanks for sharing, I am a newbie and trying to learn the system and had a few questions on your charts.
1. How did you conclude that trend has changed and trade #2 should be a short and not a long (is it a good rule of thumb to say that if EMA(8) is below SMA(89) we should focus on short trades only and if EMA(8) is above SMA(89) then we should focus on long trades only)
2. What will make you change your mind that the market is now turning and we should no longer take short trades bu instead look for long trades.
3. How did you arrive at...
Hi. Have a look at this video about market rhythm. I am not at home at the moment. I will answer your question with video as soon as possible.
Inserted Video
  • #25,399
  • Edited 8:35am Mar 12, 2013 8:14am | Edited 8:35am
Price has a change of momentum.Price has closed above the 21ema, pulled back and has started to move upwards. There was a false breakout to the downside. I took the break of the 11:00 candle(1Hour) going long. I had a buystop placed for this trade. Breakeven at the moment. Will let it go to 89sma.

Edit
Took half profit at +40 and put remainder on 20 trailstop

Closed out ±40pips
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  • #25,400
  • Mar 12, 2013 8:40am Mar 12, 2013 8:40am
Quoting Phillip Nel
Price has a change of momentum.Price has closed above the 21ema, pulled back and has started to move upwards. There was a false breakout to the downside. I took the break of the 11:00 candle(1Hour) going long. I had a buystop placed for this trade. Breakeven at the moment. Will let it go to 89sma.

Edit
Took half profit at +40 and put remainder on 20 trailstop

Closed out ±40pips
soooo happy you come back ,Phillip btw,great trade,as usual.
A chart helps those who can read it.
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