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4 Hour Strategy (MACD)

  • #25,921
  • Jul 5, 2013 12:48am Jul 5, 2013 12:48am
Quoting HappyMe
Last days I was backtesting the last month (juni 2013) EUR/USD I tried to follow the rules and made a nice pdf of it (well it's a huge one) I tried to follow the way Phill was do it one time in the ExerciseJust trying to put the rules...but without the 1 Houtr charts entries.... We had in total: MACD gives 37 timas a signal With 12 Tradeble signals With 11 profit trades With 1 lost trade Total possible pips were in my way of decision arround 450 pips Well it wasn't bad...If we can put this in real and take the same decissions...everything goes fine...the...
thank you very much for the doc i really learn a lot from it .

Enjoy your vacation see u soon
  • #25,922
  • Jul 5, 2013 8:43am Jul 5, 2013 8:43am
EURUSD is standing at the weekly neckline, If price break that level the projection is about 1000 pips down. What could be the first target is about 1.2650 - there is already a weekly weakness in the macd...
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Yvon
  • #25,923
  • Jul 7, 2013 11:59am Jul 7, 2013 11:59am
Quoting trademin
{quote} You are welcome Fuiyong.
just to mention that when a pair breaks out of consolidation it will often pull back to it before moving away.
Yvon
  • #25,924
  • Jul 7, 2013 12:33pm Jul 7, 2013 12:33pm
The Hs projection could reach 1.2750, but there is a divergence on macd, so a pull back could be in the play before getting there.
Attached Image (click to enlarge)
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Yvon
  • #25,925
  • Edited 10:35am Jul 9, 2013 9:31am | Edited 10:35am
I like it when price pull back after making a HS. We can see an HS. it is completed. from that formation, if there is a pull back (in macd) but stay bellow zero, then, forming a TC there, the move away that should happens is my favourite trade! sometime they are big move!"
Comments are welcome
edit: from the breakout , some 80 pips done already, nice!
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Yvon
  • #25,926
  • Jul 9, 2013 11:08am Jul 9, 2013 11:08am
Hello Everyone

I'm just getting back into trading after a 4 or 5 year gap due to business commitments. Really pleased to see Phillip Nell's 4 hour MacD thread is still going strong. Been busy this last few weeks reading up on all the notes I had on file. So now intend to spend the coming months trading demo until I get comfortable with system again. Probably be asking a few questions to help refresh my aging brain :-)

Ray
  • #25,927
  • Jul 9, 2013 11:11am Jul 9, 2013 11:11am
Quoting fxray
Hello Everyone I'm just getting back into trading after a 4 or 5 year gap due to business commitments. Really pleased to see Phillip Nell's 4 hour MacD thread is still going strong. Been busy this last few weeks reading up on all the notes I had on file. So now intend to spend the coming months trading demo until I get comfortable with system again. Probably be asking a few questions to help refresh my aging brain :-) Ray
You are welcome Fxray
Yvon
  • #25,928
  • Jul 10, 2013 3:25am Jul 10, 2013 3:25am

I am in a High Spirit



Wow!!! Great posts, great teachings and great insights. I pray to God for the grace to read all the very powerful infos here. I want to say that everyone here is a king. It doesn't matter if you have started making pips or not. From the questions, replies and posts here I can perceive very powerful potentials emanating from everyone here. I thank God for connecting me here.


Traveled and came back few days ago. Just formatted my computer and just started trading after about 1month now.
I have missed reading a lot of posts and as I try to scroll back to get them, very powerful ones keep coming in very short time intervals. I really need God's help to eat all the food you folks have passed on my table through your excellent posts. God through all of you has never stopped providing me with my daily bread (your posts and detailed explanations) in this business. I have adjusted my belly to consume more...God bless everyone!!!
  • #25,929
  • Jul 10, 2013 5:01am Jul 10, 2013 5:01am

Trading from the Google of Phillip Nel


From the bigger picture, the 4HOUR, I have a thick brown trend line drawn from the daily time frame. And price broke it to the south, then pulled back to it as well as to the 21ema and started moving away with a nice hammer and a bearish candle. The normal 4Hour entry is at the close of that bearish bar after the hammer marked x in my chart (1200 candle close). But normally I use the 1hr for early entries so I switched to my 1hr chart.


1HOUR :

I got a confluence there. Inset B: I got a horizontal trend line drawn which established a head and shoulder formation (sHs). Price has found resistance twice at the left shoulder. Price broke through it and got to the 89sma, then pulled back into the trend line which formed the shoulder level and found resistance on it the 3rd time with that little tail or what I may call a pin bar or hammer-at the right shoulder, Inset B. And that was the OPEN of the 1200 bar. That was where I jumped in.


Inset C: Shows my profit targets- Tp 1 @ 161.8 and Tp 2 @ 261.8 Fibonacci levels.


Inset D: shows the overall result of my trade on the 1Hour time frame.


Inset A: Shows the situation of the market as at when I took the trade on the 4Hour chart, deal was made about 3hrs to the close of the 4Hour candle.

SEE CHART FOR DETAILED INFORMATION.

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  • #25,930
  • Edited 12:48pm Jul 10, 2013 5:56am | Edited 12:48pm
Quoting trademin
The Hs projection could reach 1.2750, but there is a divergence on macd, so a pull back could be in the play before getting there. {image}
indeed the pair almost got to 1.2750. But was a very nice occasion to get involved in shorting this pair, nice TC: very nice profit taken from that leg down. Now an inverted HS on the macd and price has already taken a change in trend in the short period of time. How high will it go? projection shows a possibility of 140 pips from the break out, if it happens,or a TC?(below 21ema) will see...
---if it breaks from there then a possible target at 1.300
I have a open order to sell below the last low, if a breakout of weekly HS occur, will see...
Attached Image (click to enlarge)
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Yvon
  • #25,931
  • Jul 10, 2013 5:58pm Jul 10, 2013 5:58pm
Quoting trademin
{quote} indeed the pair almost got to 1.2750. But was a very nice occasion to get involved in shorting this pair, nice TC: very nice profit taken from that leg down. Now an inverted HS on the macd and price has already taken a change in trend in the short period of time. How high will it go? projection shows a possibility of 140 pips from the break out, if it happens,or a TC?(below 21ema) will see... ---if it breaks from there then a possible target at 1.300 I have a open order to sell below the last low, if a breakout of weekly HS occur, will...
Hi Yvon,
I am quietly sitting in the background & following your trades with much interest. You were spot on with the 1.3000 -
I took a long based solely on the H4 signal. I saw a triple RB off the obvious H&S on Macd. I have decided to practice on H4 Macd signals only until I am really confident they will give me that edge. Then I intend to learn the H1 entry to get better pip numbers.
What I have noticed so far is that trade numbers has decreased & I am only taking one signal per related pair. Just did a quick calculation since 1 May - Total entries 60 / 38 winners ( 63%). Happy with that s far BUT - sadly lacking (like all Newcomers LOL ) by not setting my goals higher. Too many larger Losers than average winners. Trying hard to train myself but takes some effort

Attached Image (click to enlarge)
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BTW - Yvon , I must say welcome back to Nausting. Wow - with you 2 to guide us together, we got everything we need. What a team.
  • #25,932
  • Jul 10, 2013 6:16pm Jul 10, 2013 6:16pm
Quoting naustingfx
Trading from the Google of Phillip Nel From the bigger picture, the 4HOUR, I have a thick brown trend line drawn from the daily time frame. And price broke it to the south, then pulled back to it as well as to the 21ema and started moving away with a nice hammer and a bearish candle. The normal 4Hour entry is at the close of that bearish bar after the hammer marked x in my chart (1200 candle close). But normally I use the 1hr for early entries so I switched to my 1hr chart. 1HOUR : I got a confluence there. Inset B: I got a horizontal trend line...
Warmest welcome back my friend. We have missed you. Hope your journey was safe & successful..
  • #25,933
  • Jul 10, 2013 6:18pm Jul 10, 2013 6:18pm
Missed Opportunity

Plenty more to come so cannot be too annoyed

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  • #25,934
  • Jul 10, 2013 6:57pm Jul 10, 2013 6:57pm
Quoting binnie
{quote} Hi Yvon, I am quietly sitting in the background & following your trades with much interest. You were spot on with the 1.3000 - I took a long based solely on the H4 signal. I saw a triple RB off the obvious H&S on Macd. I have decided to practice on H4 Macd signals only until I am really confident they will give me that edge. Then I intend to learn the H1 entry to get better pip numbers. What I have noticed so far is that trade numbers has decreased & I am only taking one signal per related pair. Just did a quick calculation since 1 May -...
hi binnie,

Glad to hear about you and your trades. Doing well, that's great! A good profit on the way up!-enjoy the ride!

"You were spot on with the 1.3000 "-it is based on HS projection from the neckline. The pair went even higher! Amazing! One day erasing 2 weeks of down trend!


There is something to see when I look at the weekly chart, yes! Diverging again in the weekly shoulders!
"
Then I intend to learn the H1 entry": I agree with you, no hurry for the one hr, when time comes...
Yvon
  • #25,935
  • Jul 10, 2013 7:11pm Jul 10, 2013 7:11pm
Quoting naustingfx
I am in a High Spirit Wow!!! Great posts, great teachings and great insights. I pray to God for the grace to read all the very powerful infos here. I want to say that everyone here is a king. It doesn't matter if you have started making pips or not. From the questions, replies and posts here I can perceive very powerful potentials emanating from everyone here. I thank God for connecting me here. Traveled and came back few days ago. Just formatted my computer and just started trading after about 1month now. I have missed reading a lot of posts and...
welcome back, have good trading in here!-God bless you,
Yvon
Yvon
  • #25,936
  • Jul 10, 2013 11:22pm Jul 10, 2013 11:22pm
Thanks for the tips Yvon! After a good streak, I've been having troubles. But, your tips have certainly helped. Just a quick question, do you look at the smaller time frames (eg 15min) for confirmation before entering? Or do you just note the price lvl it hits?

Thanks in advance,
Luke

Quoting trademin
{quote} indeed the pair almost got to 1.2750. But was a very nice occasion to get involved in shorting this pair, nice TC: very nice profit taken from that leg down. Now an inverted HS on the macd and price has already taken a change in trend in the short period of time. How high will it go? projection shows a possibility of 140 pips from the break out, if it happens,or a TC?(below 21ema) will see... ---if it breaks from there then a possible target at 1.300 I have a open order to sell below the last low, if a breakout of weekly HS occur, will...
  • #25,937
  • Edited 4:13am Jul 11, 2013 4:01am | Edited 4:13am

Trading from the Google of Phillip Nel


(Please pause a while and read)


I miss all of you so much and want to thank those who keep this place moving and lively even while others are away. I have come to understand that we all are gifts to one another from God. Imagine how boring the forum will look like in we have only one trader doing the whole posting and explanation...even though I can not see you people physically, I feel the nice warmth of your bodies through the teachings and knowledge you share with me here.

We are like a very large family together in the same train or sheep traveling in a snow weather and sitting closely to one another warming one another up and heading to a glorious destination of financial freedom. Those who have better cloths or thermal wear (better knowledge and experience) to protect them from the sever cold of the Forex market embracing those who are wearing simple shirts that is not sufficient to save them from the intense cold of the Forex weather. We are really practicing CHRISTIANITY here: it is written in the holy book: "...be thy brothers keeper". When we share our good insights here we are simply helping ourselves not to go astray or loose our "hard" earned money which we have all invested here to generated more money to take care of our families, friends, relatives, and to empower our society and the world at large for higher level of growth and productivity and making the world conducive for people yet unborn. And that is exactly why Christianity came: to put a permanent end to misery in the life of the sons of me (people).

Thank you Bennie, trademin, and everyone for your comments and warm regards. I love you all by the grace of God. I have better plans in the future to assist even everyone here who may be interested to amass great money or wealth here. But I try to encourage everyone here to try and be independent in their trading because even if one begins to trade for you in your account and help you make money, it will not be forever....assuming the person dies and or something happen and the person is disconnected from you.......you may never build the confidence to trade on your own. And that could be the end of your career in the business which if had had patient, you will be able to make millions of dollar, pounds, etc just on your own. So I remember this and God helps me to position myself to remain limitless...assuming God permit something strange to happen and there is no more forums and meeting places, no more mobile phones or means of communication...and everyone is to trade alone in their bedrooms.......what will be your fate, what will be my fate.....Let me stop here now...but this is my little insight, and this affects every other thing in life...

THE CHART BELOW SHOWS THE TRADE I TOOK YESTERDAY; REASONS WHY TRADE WAS TAKEN IS WELL STATED ON THE CHART ITSELF. I TRY TO MAKE IT VERY CLEAR AND SIMPLE. I BELIEVE IT WILL BE OF USE THAT IS WHY I AM POSTING IT.

MAY GOD OMNISCIENCE AND OMNIPOTENT GIVE US THE GRACE TO APPRECIATE AND DIGEST ALL HE HAS BEEN GIVING US THROUGH US IN JESUS NAME!!!

God Bless Phillip

Attached Image (click to enlarge)
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  • #25,938
  • Jul 11, 2013 8:52am Jul 11, 2013 8:52am
Quoting TheresaH
Thanks for the tips Yvon! After a good streak, I've been having troubles. But, your tips have certainly helped. Just a quick question, do you look at the smaller time frames (eg 15min) for confirmation before entering? Or do you just note the price lvl it hits? Thanks in advance, Luke {quote}
thanks for the questions,

do you look at the smaller time frames (eg 15min) for confirmation before entering?

I will look for 4hrs and 1hr chart most of the time. 1 hr time frame is enough for me (and suggest by Phillip Nel
) to see the market in action. It is a "X4 Zoom in" of the 4hrs chart. I will look for a TC or figure on the macd that would be supportive to the decision of entering a trade (in a 1 hr chart), but always referring to the 4 hrs chart. (the 4 hr chart show a correction supported by a dotted line, if price break that support a TC is born)- I stick with the strategy. The 15 min chart is too much data for me. The 1 hr chart is a very good "résumé". (on the 1 hr chart, there is a divergence in the macd which suggest a price fall . A TC would have been better confirmation)

Or do you just note the price lvl it hits?


I "go strategic" based on market behaviour in relation with all the tools that structure the strategy, not on "price behaviour" .I never use price level to be a reason to open or close a trade. On a break out situation one example would be that price would pull back to that break out before going away (so expecting a TC there!), price could be different from one market to another but still I expect the market behaviour to be about the same. I will look for that behaviour and act on it. Behaviour and Anticipation could be my "Book Title" emanating from this strategy. Behaviour could be a Head and Shoulder formation and "Anticipation" could be that the pair could cover the distance projected by the HS.

Hoping it answers your questions,




comments are welcome,
Attached Image(s) (click to enlarge)
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Yvon
  • #25,939
  • Jul 11, 2013 3:24pm Jul 11, 2013 3:24pm
Hi everybody!

I'm back and I had a wonderfull time in Iceland...we all need to see this incrideble environment!!

Well in the evening hours and in the morning I did a small check...and if possible I start a trade. Well not bad!! In my Holiday I did 3 trades...all in profit for total arround the 125 pips... thanks to Phill

Well I learned from those trades...because I only had limited time, I wasn't able to check all the time and the trades were just running without my silly mind ..asking if I was right, wasn't it better to do this or that....etc...etc.. So the lesson for me is....be patient...make you plan...and if you have a go for a trade.... let it go and wait!! (actually that is also what I was doing in my last pdf....and that wasn't working out badly

You can manage risk, but you can't manage the return
  • #25,940
  • Jul 11, 2013 3:37pm Jul 11, 2013 3:37pm
Quoting HappyMe
Hi everybody! I'm back and I had a wonderfull time in Iceland...we all need to see this incrideble environment!! Well in the evening hours and in the morning I did a small check...and if possible I start a trade. Well not bad!! In my Holiday I did 3 trades...all in profit for total arround the 125 pips... thanks to Phill Well I learned from those trades...because I only had limited time, I wasn't able to check all the time and the trades were just running without my silly mind ..asking if I was right, wasn't it better to do this or that....etc...etc.....
welcome back bro, i must say i really enjoy that your pdf well explained and my trade has change for good.

pls keep your trade set-up coming as you take the trade or what you think before the trade i need to learn more on Live trades with you

Thanks once again for your help
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