4 Hour Strategy (MACD)

Trading through the Lens of Phillip Nel

Eur/Usd: 5th August, 2013/ GMT+3

THE POWER OF 1HOUR EARLY ENTRY STRATEGY

I WAS ABOUT 50 PIPS BEFORE THE 4HOUR CANDLE ACTUALLY CLOSED...

PARTIAL PROFIT TAKEN ALREADY @ FIBONACCI 161.8

DETAILS ARE MADE CLEAR IN MY CHART...

PHIL. 4:13

God Bless Phillip!

Aggressive trading!!!

I offer to everyone today a nice detailed information of my insight and essence of the 1HOUR EARLY ENTRY TECHNIQUE

An Electronic parcel I have taken some time to package

Please do read and digest it

As usual comments are welcomed

1. A Multipurpose Microsoft Word Document Explaining further the essence of The 1 HOUR Early Entry Strategy
2. Showing trades examples also with reference to my first trade post in this forum-April 9th, 2011
3. Also some insights or answers to some question from the forum.

Profit target B reached and price reversed!

Trading from the Lens of Phillip Nel

EVERY GOOD ROOFING HAS A VENT!!

PRICE UNDERSTANDS THAT

THE POWER OF MARKET RHYTHM

INDEED THERE IS NEED FOR VENTILATION

SEE MY SAMPLE

THE ANATOMY OF A ONE ROOM APARTMENT

The Anatomy of a ONE Room Apartment: (Could be a security house towards the gate of a compound)

1. ·The Foundation/Floor/DPC (Damp Proof Course)
2. ·The Wall structure
3. ·The Neck Line/Lintel
4. ·Roof/Roofing
5. ·The Vent

The above points form the key members of a one room apartment. A kind of apartment normally built for a security guard beside the main gate on a compound or premises. It is a simple structure that can even be achieved by a non professional builder or engineer.

The logic is that the Foundation/Ground Floor is first established which servers as the base or SUPPORT for the rest of the structure.

When the Foundation is established, the WALLS are now raised upon it to a certain level called the NECK or Lintel Level. The last part called the ROOFING sets out from the Lintel Level. The ROOF is seated on the Lintel. There is also the VENT which is made on the ROOF, it is like a long cylinder or a long rectangle vertically situated on the roof pointing towards the cloud...

Price action which is a reflection of the financial activities of people all over the world respects and follows this logic many times. Price started the ONE ROOM APARTMENT PROJECT YESTERDAY...I did not discover it early, but towards the 2nd part of the roofing (which is normally made up of two halves of a triangle or simple put, which forms a triangle) I saw it very clear...

SEE THE LONG CANDLE BREAKING TO THE TOP; THAT IS THE VENTILATION GALLERY OF THE ROOM

OVERALL CHART FOR TRADE

SHOWING HOW TRADE PLAN

SHOWING 1ST AND 2ND PROFIT TARGETS

August 6th, 2013

Trading for a Living

Market Rhythm

August 7th, 2013: Eur/Usd: GMT+3

I have just taken partial profit @ a risk reward ration of 1:1

Hi,

I really appreciate all the efforts being put into helping here.

I took this trade based on the rhythm and motion of the market and a trend continuation pattern.

I will appreciate any comments advice or constructive criticisms.

thanks

may the pips be with you all.

Hi I actually took the same trade as you did....

The SL is +/- the same....but I took TP=SL. So that my R:R=1
You have a R:R<1 or...?!

Anyway....I hope it is reaching my TP...we will see!!

Hi Happy Me,

Great to know someone else also took the trade. Well my R:R is just as yours 1:1 besides i have my stop loss well below that long tail.

Decisions was based on:
TC pattern on MACD = MACD
Price movement away from the 21EMA =Rhythm
"Quasi engulfing candle"=Emotion
What was your decison based???

Thanks

May the pips be with you

Trading for a Living Series

Please pause a while and read

I know any serious guy here will never want to put in all the sacrifice in this business and not Desiring to make Big money or pips here. For me: MY PROJECTION IS TRADING FOR A LIVING. So I have to do all that I can to make sure the purpose is achieved perfectly.

I thank God for the gift of Phillip Nel. Who has broken down this system to everyone up to the Kindergarten level. Such that even a suckling baby will be able to find at least a setup he or she can focus on and be able to raise a very small account to a standard one.

The major problem many traders have is that they want to trade every bit of thing that Phillip has revealed about trading, that is good. But when that is not backtested and followed with the right discipline, it will only result to losses...

One of the most powerful way for one to be on his way to the top into the place of financial freedom in this business is by taking one setup at a time. And that is exactly what the chart below has revealed.

Phillip started the Journal sometime last year, a very powerful trading journal and trading about 3 currencies or pairs with it. For me I adjusted it a little to what suits me. I have focused only on the Eur/Usd pair. I did my backtesting following Phillips insight with just few or little adjustments and it just fits me.

It is all about taking few MACD signals and price action setup and extracting the pips it gives with a risk to reward ration of 1:1. Then stoploss is set to BE as soon as 75% of target is reached...etc...

Comments are welcomed. And I may post exactly what I am doing with my own JOURNAL later. But the chart below is a very detailed insight of what my Journal is all about.

May God Bless you all and give us help to arrive at our eternal glorious inheritance successfully in Jesus name!!!

God Bless Phillip

Hi...my decision was he following:

1. MACD gives a TC signal (buy)
2. price above 89 => mood is uptrend
3. price reached 21 and bounced back
4. Candles looks like engulfing => bullish bar
5. at antry-time => price just above price-level 1.33
6. SL = just below last sing low = +/- 45 pips
7. TP = SL = 45 pips

Well hope it's working out...


edit=> Worked out for 45pips, anyway yesterday evening... I thought....well 30pips isn't that bad and I closed the trade! Again I build a little more confidence in the system

Hi naustingfx,

thank for your insight.... I'm not trading with the 1 hour entrypoints.... that's to much for me right know
But I really love to read it and let your way goes into me...

what you're saying: "The major problem many traders have is that they want to trade every bit of thing that Phillip has revealed about trading, that is good. But when that is not backtested and followed with the right discipline, it will only result to losses..."

Your completely right!!! Disipline is VERY important!! If you can not hold yourself to take only the trades told by the system... you really go up...and down, and up and down! and only taking the trades told by the system is not that easy. How often are we thinking.... well this is really a setup...let's try! Well if you try to think this...please shutdown your computer immediately!! Actually that is also a very important rule I added by this system

It is also true....that we see a lot of different traders at this forum. Okay we all try to trade with the system rules, but that is also a problem. Because we read something, we are thinking the next time... well last time mister X did it also so we take the trade. well indeed nautingfx...you're right!! First try to backtest before thinking of taking a trade!!

Can you confirm if I'm on the right track with my backtesting (hope you were reading some pdf's I post here every end of the week)

Again thanks for you trading insight!!

I placed a traded on 7th August, the entry was at the closing candle of 2000hr (refer to the white error in the chart). My setup:
Entry = 1.3306 (for Sell)
Stop = 1.3319
Profit target 1 = 1.3292 (8ema)
Profit target 2 = 21ema
SL:TP = 1:1
Profit target 1 would fetch about 13 pips

The market touch both target price. But my trade did not get executed. I place the trade immediately after the close of the 2000hr candle but price move so quickly that I missed the catch and it did not quite turn back to the entry price. I missed the trade.

Could someone on this forum advice how I could avoid this or is there a way for me to get into this trade after the price has moved on?

Thanks and most appreciated.

you have taken and honorable path in pursuit of your trading career!!!
very soon you will begin to trade very confidently if you have not started that already. Very soon you will be able to be trading and also get involve with any other job or work or activity that you want to. That is what this system gives.

please do not be distracted with your back testing. You are working on yourself to become a perfectly successful trader. And you will be able to show others how you made it to the top with proven results or track records....

do not bother about the 1hour early entry technique that i use. Like i said, focus on a thing and get it done, then pick another one. And you will at god's speed be launched into the realm of financial freedom.
thank you for the pdfs and other insight you teach us here about trading. Thank you also for your nice comments.

may the grace of our lord jesus christ, the love of god and the sweet fellowship of the holy spirit be with you and family now and forever!!!

Hi Fuiyong

I was reading your post and saw your screenshot.
I'm not going to answer your question...but I'm asking you another question...

Did the MACD telling you to pull the trigger at closing time of the 20:00 bar?!

Remember: the MACD is telling you when to pull the trigger... if it is not...you definitly have NO valid trade in this system. well I quess you need to read the first post of Phillip Nell. He is explaining there what the MACD is telling you and what sort of MACD-signals there are!! Please read it ones again...

Hi all, I stumbled across this thread last Friday, been reading ever since. I have always loved MACD and really appreciate this thread. I downloaded the MACD indie and placed it on the 4 hourly chart. Problem is the levels are all squashed up, I tried to adjust the levels it instead of 30 changed it to 0.0030. but then just reverts back to default when I change to a different time frame. I am unable to see the zero line as the levels are squashed. Any suggestions would be great.. Cheers

Which one did you downloaded...it was something with a decimal problem if I remember correctly...(4 digit/5 digit...)

What you changed are the initial levels I think....that's why it sets back to the "wrong" counted levels...

Thanks HappyMe for your fast response. I downloaded as instructed from page 1. However, my broker uses 5 digits.

MACD_H4_300_v100.mq4 page 31, post 461

Thanks

Tracey

There are some different version arround her... Before I look to it.... did you also try the other ones?!