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4 Hour Strategy (MACD)

  • #25,501
  • Apr 1, 2013 12:31pm Apr 1, 2013 12:31pm
A trade I took today and is still running. Will post the outcome at the end.

Attached File(s)
File Type: zip Trade 1Apr2013.zip   3.4 MB | 763 downloads
  • #25,502
  • Apr 1, 2013 3:28pm Apr 1, 2013 3:28pm
Quoting Phillip Nel
A trade I took today and is still running. Will post the outcome at the end. {file}
What software do you use to make your videos?
  • #25,503
  • Apr 1, 2013 4:50pm Apr 1, 2013 4:50pm
Good Morning Guys & Gals,
What a neat relaxing Easter I have had with my family - too much Chocolate & food as usual (LOL).
Thanks for the Videos Phillip and all your posts too Naustingfx. Plenty to chew through this week.
I am posting up my take on the EU today. I have tried to read from the H4 and have used the H1 to see if there is a good trade in the making.
Please have a look & see if I am making sense . There is a lot to digest when trying to listen to the market rythym and I know it will be an ongoing process of learning here. Just trying to make it as simple as I can so when It does click for me, I will own it completely.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Cheers team
Brian
  • #25,504
  • Apr 1, 2013 8:30pm Apr 1, 2013 8:30pm
thank you so much for the videos Phillip!

Having read through all of your lessons, as well as the thread, do you still recommend traders (beginners) to wait for confirmation of the MACD before entering the trade?

Theresa
  • #25,505
  • Apr 2, 2013 12:49am Apr 2, 2013 12:49am
Quoting idude
When you say with respect to the rhythm of the 4hour chart. Do you mean that you adjust the MAs to match the 4 hour MAs? For example the 21EMA on the 4 hour chart is equivalent to the 84EMA on the 1hour chart, 21 X 4 = 84.
No that is not what I mean.
Go to page 1 and you will see the list of info there, locate the info that explains price movement, that is the price movement rules for this system and see what the rules says.
The movement of price is the same across all the time frames (from 1Min to Monthly chart). The rule is the same. So if you are doing the analysis on any time frame you are to use the moving averages of this system (8,21,89,200, and the 365) with respect to the time frame you are using, you do not need to multiply anything or adjust any thing even the MACD.

But what I am saying is that the 1HOUR analysis MUST AGREE with the 4HOUR analysis. In other words, what price is doing or saying in the 1Hour chart must agree with the direction of price in the 4Hour chart for you to now take the trade in the 1HOUR time frame. You can just go and see the chart for the trade that I took on the page 1699, post 25471, relax and read the analysis on the various time frame as explained and try to figure out what it says. I think that chart is a good example to give you insight of what I am talking about.
Good luck to you.
  • #25,506
  • Apr 2, 2013 2:03am Apr 2, 2013 2:03am

Target Reached After 4 Days

Trade taken on March 28,2013/12:00 candle close@GMT+2

SEE PAGE 1699, POST 25471 FOR DETAILED ANALYSIS OF THIS TRADE.

THE 1st CHART IS AS POSTED IN PAGE 1699, POST 25471

THE 2nd CHART IS THE UPDATE OF EVENTS. JUST AS SET OUT PRICE HAS FULFILLED ITS DESTINY AFTER 4 DAYS.


Attached Image(s) (click to enlarge)
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  • #25,507
  • Apr 2, 2013 7:21am Apr 2, 2013 7:21am
Quoting binnie
Good Morning Guys & Gals, What a neat relaxing Easter I have had with my family - too much Chocolate & food as usual (LOL). Thanks for the Videos Phillip and all your posts too Naustingfx. Plenty to chew through this week. I am posting up my take on the EU today. I have tried to read from the H4 and have used the H1 to see if there is a good trade in the making. Please have a look & see if I am making sense . There is a lot to digest when trying to listen to the market rythym and I know it will be an ongoing process of learning here. Just trying...
Hi Binnie,
You are welcome back from all the celebrations...below is a chart from me comparing with your own charts, just trying to share my thoughts as you requested. This was exactly what was going on in my chart when I got your post. I did not enter that trade as I just logged in to see how my trade on the 28 of March went...

Look at my post and you will see that those trend lines (the major and minor) helped as well in my decision. When you include trend lines in your analysis, it helps you to also see things very clearly and gives you confidence to enter trades according to the rhythm of the market. So I have put the missing trendline if I can call it that way in your own chart and showing it to you in my own chart as well...I hope you understand it.

There is also the 1Hour where I always make my early entries as this strategy enjoins us to. You will see the 1Hour chart. I did not have the MACD in there, but I forged the MACD myself and I believe that even if the MACD was included, at that stage it should be a MACD Diveragence on the 1Hour or twizzer or round top on the MACD confirming the trade in the short direction. I know I am posting this late, but I have done all these analysis and post before now, just when the music or events was still going on that I did it, but as I wanted to post it, there was interruption in power supply, so I left it and had some sleep, so I just woke up and decided to post it now.

Look into it and appreciate it. I know God will help you understand it all.

Greet your wife and the kids...maybe the kids are warming up to become prof. traders...lol
Cheers!
Attached Image (click to enlarge)
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  • #25,508
  • Apr 2, 2013 9:08am Apr 2, 2013 9:08am
naustingfx :Comment on the current real market, it is interesting to see your reasonings.
  • #25,509
  • Apr 2, 2013 10:46am Apr 2, 2013 10:46am
Hi
Here is the Stoploss and Takeprofit Script that you just drag to the required position on your chart and it will put the Stop or TP at that place..
Phillip

Attached File(s)
File Type: mq4 ATP Set-Move.mq4   1 KB | 583 downloads

Attached File(s)
File Type: ex4 ASL Set-Move.ex4   2 KB | 463 downloads

Attached File(s)
File Type: mq4 ASL Set-Move.mq4   1 KB | 567 downloads

Attached File(s)
File Type: ex4 ATP Set-Move.ex4   2 KB | 461 downloads
  • #25,510
  • Apr 2, 2013 10:55am Apr 2, 2013 10:55am
Hello guys, these are trades I took today and my reasons for taking them. All according to the rules and rhythm, which I found on 1H today.

1. EURUSD.

There were 2 trades.

1st trade: price broke 21 EMA, went above it and went down again, at the moment it went down I made a trade. With 1:1 RR. Result: 27pips gain.

2nd trade: Price touched 89 SMA on H1 (usually very strong level) and went towards 21 EMA, but I also suppose it go higher, have a look at H4, seems like the same situation like on 1st trade, price is going to reach 89SMA. Result: SL in BE, and hold 20pips now.
Attached Image (click to enlarge)
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2. GBPUSD.
There were also 2 trades.

1st trade: price broke 21 EMA, went above it and went down again, at the moment it went down I made a trade. With 1:1 RR. Result: 28pips gain.
Comment: On H4 I was waiting for a bounce back to 21 EMA to sold till 89SMA, but price just went down without any up-movements.

2nd trade: Price touched 89SMA on H4 which is usually very important resistance, so I put buy order. Now it's in -15 pips, my SL is at -30pips, so let's see.
Attached Image (click to enlarge)
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3. EURJPY and USDJPY

Exactly the same situation on H1 like 1st trade on EURUSD, price broke 21EMA, went down and moved up to 89SMA.
Right now hold +32pips on eujpy and +27 pips on usdjpy. SL is in BE and wait for move up to 89SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_2_4.jpg Size: 208 KB

Attached Image (click to enlarge)
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Will be great if smb finds it useful.
Many thanks to Phillip.
  • #25,511
  • Edited 1:57pm Apr 2, 2013 1:47pm | Edited 1:57pm
Hi
Overview of today.
Phillip

Attached File(s)
File Type: zip Lookback 2Apr2013.zip   5.0 MB | 734 downloads


Edit:
I got stopped out. So now it is waiting and let the Price Action give us the direction as dicussed in the video.
  • #25,512
  • Apr 2, 2013 2:01pm Apr 2, 2013 2:01pm
Quoting Phillip Nel
Hi Here is the Stoploss and Takeprofit Script that you just drag to the required position on your chart and it will put the Stop or TP at that place.. Phillip {file} {file} {file} {file}
Good evening Mr Phillip.
Thank you so much for your nurturing.
  • #25,513
  • Apr 2, 2013 3:34pm Apr 2, 2013 3:34pm
Hi Binnie, You are welcome back from all the celebrations...

Thanks so much my friend - I am digesting your reply many times until I see what you are telling me. Perhaps I have a wall before my eyes but I will try to explain a few things that seem to be playing tricks on me (LOL)
My chart did not have the T/L you call Major. Can you tell me where you established that from please? If I zoom out to maximum view, I can see S & R way back . Is this what you have done? Perhaps I should refer back to longer T/Frames to determine strong historical lines?
On the H4 chart, I had determined that as Price was below the 89 ( Market Mood), we were in a H4 downtrend but I have incorrectly calculated that because of the most recent HH - HL - HH , we are now likely to get another HL which told me to expect a long position. As price broke through the 21ma, my music station was tuned to the 89ma even if it retraced back to the 21 before making a run to the 89. Obviously, I did not have that major Resistance drawn on my chart and it has turned me away sharply.
Yes I did see the Divergence you have explained on the H1 - and I guess if I had seen that Pin Rejection on the H4 & then looked at the lower T/F , I could have determined good grounds to go short.
I love the MELODY - just cannot read the MUSIC ( Yet )
Working hard on it though - cheers
Brian
  • #25,514
  • Apr 2, 2013 4:47pm Apr 2, 2013 4:47pm
Hi Phillip,

I have just finished the first two videos and I will watch the rest tomorrow.
I just want to say that thank you so much for taking your time to make videos and trying to help us to guide the right direction.

Words cannot describe how much I appreciate it. I wish I had found you earlier before I had been ripped off by guru traders who just wanted take my money including a London city trader....

Anyway, I will work on your method really hard to be a successful trader.

Thank you.

Chublet
  • #25,515
  • Apr 3, 2013 12:35pm Apr 3, 2013 12:35pm
Quoting idude
What software do you use to make your videos?

Hi
It is the normal Windows Media Encoder that you can download for free.
  • #25,516
  • Apr 3, 2013 12:38pm Apr 3, 2013 12:38pm
Thank you Phillip for your recent videos...they are a real help..
  • #25,517
  • Apr 3, 2013 5:59pm Apr 3, 2013 5:59pm
I have been lurking on Forex Factory for about 6 months now, studying the 4 Hour MACD. I have read through the entire1702 page thread and have taken notes and saved every post, picture, MP3 and video that you have posted in this thread Phillip. I just want to thank you for your videos and vast insight on Forex Trading. For the first time in 6 years of studying forex, my demo testing shows slight profitability (around 60% of trades correct!) I thank you Phillip Nel from the bottom of my heart, you have helped me where no one else has ever been able too! Please don't stop posting more videos and teaching us more about the market! It is so great to see you live on the forum instead of reading year old postings!

I can't wait to learn more along with everybody else in the forum!
  • #25,518
  • Apr 4, 2013 2:08am Apr 4, 2013 2:08am
Hi everyone,

I converted the recent videos to MP4/MPEG4 in order to download to my ipad and iphone, so that I can study at anywhere by watching videos.
However, for some reason, the converted videos show black on the screen and all I can hear is Phillip's voice. I searched and looked for apple forum threads to solve the problem but I have no idea why the screen shows black..

If there is anyone who uses ipad or Mac, managed to convert his videos to MP4/MPEG4 and can watch the videos (not just his voice), could you please tell me how you did it?

I would appreciate your help.

Thank you

Chublet
  • #25,519
  • Apr 4, 2013 2:51am Apr 4, 2013 2:51am
Hello everyone,

Thanks again Phillip for answering my question in your video. I am looking forward to watching and learning more on the next ones.

After studying the videos, I have fine tuned my strategy with more emphasis on the TLs on all timeframes in combination with the market rhythm.

Here is a trade I did on the GBP/USD with 20 pip half profit with the other 40 pip profit (avg 30 pips). The SL, including the spread was around 18 pips. So, a good R:R in my opinion.

Any comments, critiques, questions etc. are always welcome.

hope this may contribute to thread.

Theresa
Attached Image(s) (click to enlarge)
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  • #25,520
  • Apr 4, 2013 7:42am Apr 4, 2013 7:42am
Quoting Chublet
Hi everyone, I converted the recent videos to MP4/MPEG4 in order to download to my ipad and iphone, so that I can study at anywhere by watching videos. However, for some reason, the converted videos show black on the screen and all I can hear is Phillip's voice. I searched and looked for apple forum threads to solve the problem but I have no idea why the screen shows black.. If there is anyone who uses ipad or Mac, managed to convert his videos to MP4/MPEG4 and can watch the videos (not just his voice), could you please tell me how you did it? I...
below is my experience: I converted it to 640p mp4 format with one of chinese free soft of F**F**(I am not sure I can show full name in FF,if you want I can share on PM), only the size is more bigger app. 300MB+@1hr.
Regards,Liu Wen
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