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4 Hour Strategy (MACD)

  • #25,521
  • Edited 10:20am Apr 4, 2013 7:50am | Edited 10:20am
Quoting Liu Wen
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 ("300MB+@1hr").

Chublet,
sorry to miss sth, in case of you can't watch the video, you need install extra videoplayer in your device.
Regards,Liu Wen
  • #25,522
  • Apr 4, 2013 8:45am Apr 4, 2013 8:45am
Quoting Liu Wen
Chublet, sorrt to miss sth, in case of you can't watch the video, you need install extra videoplayer in your device.
Hi Liu Wen

Thank you very much for your advice.
I downloaded several software to convert from wmv to mp4 but the result was the same... just voice and black screen.
I've never had this problem before. I wonder if Phillip records his videos in a different way....???? I have no idea...

Chublet
  • #25,523
  • Apr 4, 2013 9:50am Apr 4, 2013 9:50am
Chublet,

See PM I sent you.
Regards,Liu Wen
  • #25,524
  • Apr 4, 2013 12:07pm Apr 4, 2013 12:07pm
Todays aftermath.

Attached File(s)
File Type: zip 04April2013.zip   3.7 MB | 581 downloads
  • #25,525
  • Apr 4, 2013 3:11pm Apr 4, 2013 3:11pm
Quoting Phillip Nel
Todays aftermath. {file}
Hi Phillip

Thank you very much for your commentary on the market tonight. It really helps us to learn trading.

I appreciate it.


Chublet
  • #25,526
  • Apr 4, 2013 3:31pm Apr 4, 2013 3:31pm
Hi All,

I took the trade on Cable this morning, too. My chart (candles) shows slightly different to the others due to a different broker.

Attached Image (click to enlarge)
Click to Enlarge Name: 040404 Cable sell result.png Size: 117 KB


Chart set up:

 

  1. Pink Line: 21EMA
  2. Purple line: 89SMA
  3. Green line: 200SMA
  4. White dotted line: 123EMA (supposed to be 126EMA = Daily 21EMA)


Price broke 21EMA, 200SMA & 89SMA, pulled back to those EMAs and formed Bearish Outside Bar followed by Bearish Engulfing candle below the congestion of EMAs.
** Overall trend is range.

<Entry>

Sell @ close of Bearish Bngulfing candle
Stop @ above the nearest swing high (high of Bearish outside bar)
TP @ Weekly support level. (but did not reach.)

<Close>
1st position - First bounced before TP level.
2nd position - After GBP news was released. (the result was better than expected. So, I assumed GBP would go up.)
3rd position - MACD divergence was formed.

Not bad trade, I think.

Cheers

Chublet

  • #25,527
  • Apr 4, 2013 4:05pm Apr 4, 2013 4:05pm
Hi Phillip,
Great watching how you do things . Question if I may please -
When you have identified a possible trade and switch to the M15 chart to look for the breakout, is it necessary to have all of our Ma's and S/R lines etc on the chart. I have attached a snapshot of todays summary from your overview and your chart looks so clean. This allows the Breakout lines to be more easily seen. Can you tell me what that single MA line is please ( assume it is MA -LOL )
Cheers for all you are doing.

Attached Image (click to enlarge)
Click to Enlarge Name: Phils_chart_of_GU.png Size: 84 KB
  • #25,528
  • Apr 5, 2013 1:49am Apr 5, 2013 1:49am
lovely thread
  • #25,529
  • Apr 5, 2013 6:15am Apr 5, 2013 6:15am
Hello everyone,

Just thought I might share one of my losing trades, and that way, hopefully others may not make the same mistakes I might of made.

Here is a trade on the Eur/USD. Got stopped out for around 25 pips.

Any help or comments would be greatly appreciated. These recent videos have helped me greatly, however, I am trying to make sure I am on the right track.

Regards,
Theresa
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh4_april5.png Size: 46 KB
Click to Enlarge Name: eurusdh4april5.png Size: 48 KB
Click to Enlarge Name: eurusdm15april1large.png Size: 48 KB
  • #25,530
  • Apr 5, 2013 9:28am Apr 5, 2013 9:28am
Quoting TheresaH
Hello everyone, Just thought I might share one of my losing trades, and that way, hopefully others may not make the same mistakes I might of made. Here is a trade on the Eur/USD. Got stopped out for around 25 pips. Any help or comments would be greatly appreciated. These recent videos have helped me greatly, however, I am trying to make sure I am on the right track. Regards, Theresa {image} {image} {image}
Hi TheresaH

As I don't use TL for my trading, my comment might not help you but I would like to leave my thought.

<on 4 hour chart>

I see more buyers than sellers from the end of March and massive bullish candles yesterday. To me it looks like the trend is about to change.

As per your comment 1, yes the price was falling back to your trend line, but if you look at the size of the candle, the breakout bullish candle is much bigger than the next few candles. That tells me bears are not trying to fight back straight away.


<on 15 minutes chart>

As per your comment 4, If I wait for breakout like you did, I would like to see one big candle to break the line. The breakout you set up for short does not look strong enough to me.


I am also learning and hope other experienced traders will leave better comments.


Chublet
  • #25,531
  • Apr 5, 2013 12:00pm Apr 5, 2013 12:00pm
Todays aftermath

Attached File(s)
File Type: zip 05April Aftermath.zip   3.5 MB | 616 downloads
  • #25,532
  • Apr 5, 2013 12:15pm Apr 5, 2013 12:15pm
Quoting Phillip Nel
Todays aftermath {file}
Watching and thanks for your time.
Regards,Liu Wen
  • #25,533
  • Apr 5, 2013 12:53pm Apr 5, 2013 12:53pm
Hi Phillip

Thank you very much for your commentary on today's market and showing your actual trades you took.

I involved the trade on Fiber this morning before NFP but took a small profit just before NFP and moved stop to break even. Fortunately, NFP result brought me more pips in the end.

Here is my chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 050413 eurusd buy result.png Size: 173 KB


The reasons I took this trade were;

1- On Daily, a big Bullish Outside Bar
2- On 4 Hour chart, a big bullish candle + 2 pin bars (the first one looks more like doji) off Daily 21EMA (I was expecting to fall to 21EMA & 89SMA but it didn't )
3- On 1 hour chart, a bullish candle (also a part of a morning star) is the bigger than the previous candles off 21EMA (Pink line)

<Set Up>

 

  1. Buy Stop above high of pin bar on 4H
  2. Stop below low of pin bar on 4H (Also below round number of 2900 + Monthly Pivot point)
  3. TP around 200SMA on 4H



Thank you very much for your time to making videos for us, Phillip.

Have a good weekend, everyone. (Though I have to go to work....)


Chublet

  • #25,534
  • Apr 5, 2013 2:35pm Apr 5, 2013 2:35pm
I have to say thank you to phillip for the videos...they just changed my mind about how to use the strategy regarding with the trendlines in higher time frames.
  • #25,535
  • Apr 5, 2013 7:43pm Apr 5, 2013 7:43pm
Great video as always. Thank you for the answers Phillip and Chublet.
  • #25,536
  • Apr 6, 2013 2:33pm Apr 6, 2013 2:33pm
Hi
Here is a strategy you can use to make some small pips but when added up in a month can be very usefull using the 4Hour Market Rhythm.
Phillip

Attached File(s)
File Type: zip Trade Towards.zip   8.6 MB | 1,324 downloads
  • #25,537
  • Apr 6, 2013 5:41pm Apr 6, 2013 5:41pm
Thanks Phillip - gees you got your eyes well trained to see these set ups mate. Practice Practice Practice ( LOL )
This makes for a pleasant Sunday reading for me. Have a great weekend everyone.
  • #25,538
  • Apr 7, 2013 2:25am Apr 7, 2013 2:25am
Quoting Chublet
Hi Liu Wen Thank you very much for your advice. I downloaded several software to convert from wmv to mp4 but the result was the same... just voice and black screen. I've never had this problem before. I wonder if Phillip records his videos in a different way....???? I have no idea... Chublet
Just use AppGeeker. I have never had this issue. Slightly complicated process. Works marvelously.
How to convert wmv to mp4 for Mac
It can convert pretty much any type of file (video/audio/pictures/etc.) into pretty much any type of file. The device presets work fine to view the converted videos on the iPads & other Apple products.
Try it and let me know how it goes.
  • #25,539
  • Apr 7, 2013 7:07am Apr 7, 2013 7:07am
Great Strategy Phillip. I have read the "1 minute attacking support and resistance" but I didn't understand it quite as well as I do now, thanks for showing us!
  • #25,540
  • Apr 7, 2013 9:50am Apr 7, 2013 9:50am
I'm a complete novice with forex. Fortunately, I met Phillip's thread, I've learned a lot. I downloaded the entire post of Phillip, and learn everyday. But my listening english is very bad, so I just learned from the posts that have written copy. Thank you Phillip and many people to spent a lot of time to help new people like me.
Phillip recently had post a lot of helpful videos, but I can not completely understood. Can anyone help me written copy of Phillip recent video so I can fully understand?
Phillip, thank you back and help us. Sorry if my suggestion is silly, but I really want to learn so much from Phillip and you. Thank you very very very much. (I translated this post by google translate, so if anything wrong hope you understood).
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