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4 Hour Strategy (MACD)

  • #25,661
  • May 1, 2013 2:16pm May 1, 2013 2:16pm
Thnak you Philip for the " compound Excel spreadsheet" I have previously gone further to make mine with an oversight from your sheet previously from the your website.

Here is my "Forex Wallpaper plan -- Compound Interest"

Have a look and any questions are welcome.
Attached File(s)
File Type: xls Forex Wallpaper plan -- Compound Interest.xls   64 KB | 535 downloads
  • #25,662
  • May 1, 2013 5:22pm May 1, 2013 5:22pm
Quoting naustingfx
My live trade between the 9th to 19th of April 2013 Total trades = 10 Right or correct trades = 8 Looser or wrong trades =1 Break even-BE trades =1 This is my live performance trading this system in the date quoted above-a 10 days interval of trading. I missed many excellent signals as you will see in the chart below as I do engage in some other programs. Our lives have different aspects or departments and they all seek our maximum attention. And we are meant to carry every aspect or our lives along. So I have developed a super trading time table...

Dear Nausting FX, thank you so much for posting the trades you have taken over the past few days! I have been studying Phill's 4 hour strategy for a few months now but I am still getting only around 60% - maybe 70% of my trades correct. I have been watching ONLY the 4 hour and not paying much, if any, attention to the 1 hour. After seeing your trades, I will most definitely start backtesting and watching the 1 hour. Thanks again for your great post!!!
  • #25,663
  • May 1, 2013 6:08pm May 1, 2013 6:08pm
Good Morning all - just finishing my plan for the day and seeing which pairs might want to share some pips with me today /tonite.
Being Aussie/Nz/Asian sessions, I have checked through some of my pairs that move a bit at this time of the day.

NU : It is not our job to pick Tops & Bottoms - just react to what Price is telling us to do. The rules tell me to favour Longs because PA is above the 89 so Plan A
for me is to watch for a signal to enter back toward the 21ma. There is still 3 hours until candle close so anything can & does happen. An entry here will
depend very much on additional confirmation including a strong close above the BRN 85.00 and a nice RB turnover on my Macd. Plan B will be played if
Price gets turned back away by that T/Line Resistance or the 85.00 holds as resistance. This scenario might give me a chance to take a run at the 200ma.
Attached Image (click to enlarge)
Click to Enlarge Name: NU_H4_2may_watch.png Size: 92 KB


AN : Nothing happening here . Range bound and undecided. PA indicates Bearish Mood but will wait for a sign.
Attached Image (click to enlarge)
Click to Enlarge Name: AN_H4_2_May.png Size: 48 KB


AJ : Planning a return to the 21 but will do whatever I am told on this one. This is not a market I am familiar with but I am using this chart to help me explore
Rythym and what the ma's mean in relation to the Price.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ_H4_2_may.png Size: 79 KB




More following
  • #25,664
  • May 1, 2013 7:08pm May 1, 2013 7:08pm
Watching

AU : There is a strong run down here and plans A & B are in place if needed today.
Attached Image (click to enlarge)
Click to Enlarge Name: AU_h4_2_maty.png Size: 74 KB


EU : Waiting for next couple of bars to close to see what is possible later tonite ( LO )
Attached Image (click to enlarge)
Click to Enlarge Name: EU_h4_@May.png Size: 64 KB


GU : Slowly pushing North lately but like the Euro , I need to see some action before LO.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_H4_2_May.png Size: 62 KB



Anyone else got ideas or comments ?
  • #25,665
  • May 1, 2013 7:30pm May 1, 2013 7:30pm
Quoting binnie
Watching AU : There is a strong run down here and plans A & B are in place if needed today. {image} EU : Waiting for next couple of bars to close to see what is possible later tonite ( LO ) {image} GU : Slowly pushing North lately but like the Euro , I need to see some action before LO. {image} Anyone else got ideas or comments ?

Eu is near 8 ema i think thats a risky countertrend for me to take: but thats just me
  • #25,666
  • May 1, 2013 11:38pm May 1, 2013 11:38pm
Quoting george4forex
Thnak you Philip for the " compound Excel spreadsheet" I have previously gone further to make mine with an oversight from your sheet previously from the your website. Here is my "Forex Wallpaper plan -- Compound Interest" Have a look and any questions are welcome. {file}
Thanks George.
  • #25,667
  • May 2, 2013 2:54am May 2, 2013 2:54am
Morning from the UK Binnie. Thanks for posting charts and comments. Really helpful to forex newbie like me. Watching the pairs you listed with potential moves.
NZD/USD is in your plan B phase with a push away from the 89 although still 1.5 hours to go on this candle.
AUD/JPY also plan B
AUD/USD Plan a with no real test of the 8ma
Aussie figs out at 2.30 am London time tomorrow so does this change your attitude to trade?
EUR/USD strong move down from 8 to 21 ma
GBP/USD looks like may be losing some steam.

All this info is brilliant as insight as to how to read charts but what I'm struggling with is when to enter trade. Alot of factors to consider. Rhythm for G/U is bullish so can't see strong signal for move back to 21 at the moment. Is the right time to short NZD/USD if it pulls back to 89 and then continues south? Same with AUD/JPY- should I wait to see if it pulls back to 8ma and then consider short to 365ma? AUD/USD am I just too late? EUR/USD should I have gone short on first MACD aggresive pullback?
Sorry for 20 questions but can see clear signals from MACD but water getting muddied by other factors. Think I've got a handle on market rhythm but still unclear on entries.
Hope you're able to shed some light on this.
  • #25,668
  • May 2, 2013 4:34am May 2, 2013 4:34am
Referring to the EURUSD 4hr chart, would it be a sane thing to take a trade and set the first target at the close of the 1200hr bar (sell trade)?
Target is on the 89ma Daily (Yellow horizontal line)
Stop loss on the peak of the white bar? profit : loss ration is 1:1 (for 35pips).
Value you comment.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 42 KB
  • #25,669
  • May 2, 2013 5:19am May 2, 2013 5:19am
Hi Fuiyong, I was looking at this set up last night but didn't take it . Price was 1.3192 and would have been a 35-40 pip trade but still new to this system and had no idea where to place stop so left it alone. Listened to alot of Phils mp3's and patience is the order although don't seem to be trading much as struggling to spot viable entries. Was your logic for stop the size of previous candle ? Trade also against rhythm as above 89ma so more bullish than bearish.
man... so much to consider... probably why I'm not placing any trades at the moment!
  • #25,670
  • May 2, 2013 12:01pm May 2, 2013 12:01pm
The table for the MM, the best
Attached File(s)
File Type: rar ММ.rar   7 KB | 384 downloads
  • #25,671
  • May 2, 2013 1:52pm May 2, 2013 1:52pm
Thanks Alf909, but cannot open that file for some reason
  • #25,672
  • May 2, 2013 3:11pm May 2, 2013 3:11pm
Quoting george4forex
I wish to thank God before everything. He directed me to his one and only friend:- Philip Nel. My heart cant thank you enough. My God has blessed you already. Below is a:- A Simple Plan To Dramatically Improve Your Trading Let me ask you a question, and please answer yourself honestly: Do you have a plan of action for your daily trading routine or do you just open your charts and randomly start trying to find trades with no logical guidance behind your actions? Plans give you a “roadmap” of how to go about getting what you want in life....
***************************************************************************************
Just to say thank you for this wonderful post. God bless you!!!
This is exactly what changed my life for good in trading this system...But I worked my own plan out on the 4HOUR AND 1HOUR time frames. And I have times when I trade. It is also very important that we know that this strategy also works with time. Very important to know this, and if anyone can understand the timing part of it, one will hardly loose pips when the rules are followed correctly.

Once again thank you so much.
I pray that people here will adhere to your post. Thanks to the guy Nial Fuller!!!
  • #25,673
  • May 3, 2013 12:38am May 3, 2013 12:38am
Quoting 20hms
Thanks Alf909, but cannot open that file for some reason
so opens?
Attached File(s)
File Type: xls master-money-bot-exc97-2003.xls   43 KB | 454 downloads
  • #25,674
  • May 3, 2013 1:46am May 3, 2013 1:46am
hi

we have opended a chatroom for the market rhytm 4h macd

pls pm me jetaro or Binnie if want to join

everyones welcome for an interactive discussion about the setups

  • #25,675
  • May 3, 2013 2:10am May 3, 2013 2:10am
Hi Jet, where's chatroom?
  • #25,676
  • May 3, 2013 2:25am May 3, 2013 2:25am
Quoting 20hms
Hi Jet, where's chatroom?
Hi 20 - PM to Jet with your email address and you will be added.
  • #25,677
  • May 3, 2013 4:39am May 3, 2013 4:39am
Quoting 20hms
Hi Jet, where's chatroom?

invite sent to email
  • #25,678
  • May 3, 2013 2:52pm May 3, 2013 2:52pm
Jet

Sent you a pm.

Carl
  • #25,679
  • May 3, 2013 5:20pm May 3, 2013 5:20pm
Quoting pipraven
Jet Sent you a pm. Carl

request sent budyy
  • #25,680
  • Edited 2:31pm May 6, 2013 9:34am | Edited 2:31pm
Again there is a nice head and shoulders in EURUSD 4hrs chart + a TC on the making. I went short on it.

Still in: AUD USD, not to much movement in it .

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-ava-financial-ltd-130506eurusd-head-and-shoulders.png Size: 78 KB


at this point, one can see a divergence in shoulders, the right shoulder (in the macd) still in progress.
Yvon
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