4 Hour Strategy (MACD)

Hello !
I want to show , my last 4 Weeks Trading with 4 Hour Strategy on EURUSD :
there is few NO Trade on my chart this is Because there is not Good Risk/Reward on that trades

GBPUSD :

AUDJPY BUY
1.Trend Continue setup
2.Not Good Risk/Reward

.........

No deal at all

GBPJPY SELL:

1.Not Good V-T pattern on MACD
but:
2. R/R and Tail and candle is good

GBPUSD
daily chart: there is a triangle: the pair broke down of it, did a pull back to it, now on the move away down.( price broke 89sma, pull back to 8ema,now moving away)

On the 4hrs chart: there is also a 3 sister's formation which the pair broke.
I was expecting a possible head and shoulders to form by the pair pulling back to the break out trend line, which, at this point, didn't materialized yet.
on the 4hrs chart: RT formation, opened short position, closed it at the last bottom of a small consolidation(just did some pips there)- positive divergence on the Macd, could be a motivation for a right shoulder;
waiting now for some more clear direction. could it be a straight down direction, no pull back to trend line?

All this zig-zagging on D1 for GBPUSD shows alot of volatility in the pair, so far in the last few months it was moving up and I feel that there might be a strong move up soon if the price does not touch 1.51. Today's move is quite likely to form h&s on D1 and continue to move up if it holds there level, time will tell though.

If Pattern NOT Good we can watch Candles formation:

Sell v-t pattren:
1.pattern ok
2.r/r ok
3.candles ok
4.with tail

..........................
Enter trade

Usdcad buy:
1.pattern ok (back form zero line)
2.good risk/reward
3.setup near, up trend line

.............................................
Enter trade and meet tp

Usdchf buy :

1. Zero line pattern so good
2. Risk/reward ok
3. Touch uptrend line
4. Candles ok

............................
Enter trade

GBPUSD entry for large candle with the tail, strong movement both up and down, SL at 1.51, TP at 1.52, BE at 1.5165, strong movement towards 21EMA, 89/200SMA, MACD signal is very strong as well (crossed 300 level boundary)

EURUSD
Daily chart: Beautiful head and shoulders, nice trend line supporting it, no divergence on the macd, could be then going up.
4 hrs chart: positive divergence on macd, tight stop below trend line.
long 1.2864
SL 1.2820 for now
TP 1.3010 for now

bad trade in AUDUSD lost 50pips. I went short

usdjpy sell & usdcad buy:

usdchf sell:

1. TC pattern
2. good area and Tail
3. not good r/r

I kind of felt that USDCHF moving around the zero line had weak signal and passed it on, my last entry got taken out on BE of around 15 pips, new one below:
H4 MACD has a TC signal going above 150 level towards 89/200SMA, BE at 1.2945, SL at 1.2895, TP at 1.2955, will probably move that once price stabilizes around 1.295.

Hi,


I'm back since long....due to private things I wasn't able to trade or even think about it. Hope you all are doing well and that I can take the line here again...

I have a little question about MarketRhythm and maybe need some extra advise or a sparringpartner

Phill is speaking as follows about the MarketRhythm:

-if the price breaks the SMA89 it tends to pullback to the EMA21 (or tries to test the SMA89) after that it wants to follow his direction.
-after that it tends to pullback to 21 after that it wants to follow his direction...etc...etc...
-if the price goes below the EMA21 it wants to tend to the EMA89.
-if price touches/breaks the EMA89 again the whole MarketRhythm/Cycle is completed and price searches for a new direction with eventually a new marketrhythem.

If the market is not in Rhythm then the price is (more) Random! So it's important to look out and wait for this Rhythm as extra help/confirmations. Actually it's the heart of the whole system...

Well I really want to program this into an indicator as extra help in my trading. I did looked a lot to MarketRhythm’s and those cycles whitin the 4Hours-MACD system and came till the following, more analitic version for creating an Indicator for it.

The question I have is: Am I right with my analyse…. Is someone thinking it can be better?!

For up-trend Market Rhythm:

Start search to rhythm at the last known SMA89 break

Market is in rhythm if:
1) If price breaks SMA89, pullback to EMA8 and/or EMA21 and after that price is following his direction (pull-away)
2) EMA’s need to line up in the following way: EMA8 > EMA21

If 1 AND 2 valid => there is always MarketRhythm..….as far as I could see/analyse

If we have MarketRhythm when is the MarketRhythm ended then?

MarketRhythm is probably ended if....:
3) if price goes below EMA21, and EMA8 > EMA21 => WARNING: Possible end of MarketRhythm (maybe tends to pull back to SMA89)
4) if EMA8 < EMA21 (at cross of both MA's) => END MarketRhythm (maybe pull back to SMA89)

If 3 OR 4 is valid => MarketRhythm is probably ended but also can go into MarketRhythm again if 1 AND 2 is valid again.

For a down-trend it’s the way around ofcourse…

I Want to program this thing with only close-, open, high and low-bars in conjunction with EMA8, EMA21 and the SMA89.
So I don't want to create it with any other indicator....just want to analyse the price actions and then take a conclusion:
-Waiting for MarketRhythm... => note: just after the price crossed the SMA89
-We have MarketRhythm
-Warning: Possible end of MarketRhythm
-End MarketRhythm and Waiting for new MarketRythm... => note: after 3 OR 4 is valid, but price did not crossed SMA89 yet

Already thanks for your advise and feedback!

Best Regards,
HappyMe

may 22,
since there was no pull back to trend line, direction went down. I opened position, secured 19 pips.-small gain; will see...

closed all positions for now(1.5037from 1.5080); nice gain.

anyone have the indicator for h4 macd? the one in the link on the main page isnt working on my charts. is there something i need to adjust or has someone updated the indicator?

hi, I remember post 25280, I put there all is needed to set the 4hrs macd strategy,

go take a look,