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4 Hour Strategy (MACD)

  • #26,361
  • Nov 22, 2013 9:35am Nov 22, 2013 9:35am
Quoting Spitfire
{quote} Hi Binnie, Like you, I am not an expert either. What I do know about sma & ema is that sma is just a simple average of a set of numbers. Ema averages have more weight added to the more recent numbers. I am not sure of the reasoning for each uses, but Phillip uses them, so I will. ..., Art
Hi all. Thought I'd do a little research on ema vs. sma. I found a great 2 min. video from Investopedia regarding the difference see attached below. From what I understand the ema is a somewhat more aggressive indicator when compared to the sma.

http://www.investopedia.com/video/play/sma-versus-ema/

Hope this adds clarity to the difference in the two.
Trade well,
  • #26,362
  • Nov 22, 2013 10:02am Nov 22, 2013 10:02am
Quoting trademin
{quote} Hi ARROW, your chart is getting me confuse. would you show me the BoZ on your chart. the BoZ means for me: Bounce off Zero, (sometime just go through Zero but pull back) Thank you. SAKA showed a nice BOZ example post 21901 it looks like this: {image}
Hi Yvon,

I think you are not the only one that get confused with my chart. Me myself also confuse.. haha
What I mean with BoZ is Break of Zero.. Wrong terminology, sorry. I pull the trigger after the MACD shows a pair of RB and
break above zero line.

At the same time, the price was well supported by the EMAs.

Already hit TP but need to reconsider my trigger and entry point better. I need to learn how to recognize and sense the momentum of the
market. Stayed too long for a few pips I guess.

Missed the AUD move.
Own your own mind.
  • #26,363
  • Edited 4:06pm Nov 22, 2013 10:37am | Edited 4:06pm
Quoting trademin
{quote} Hi Yvon, Thank you. Ok my entry is at the blue vertical (at the close of that bar). At the MACD it was zero break (break through the zero MACD line), that where i made my decision to enter the trade. Is zero break not a signal to enter a trade? Please tell me if that is so for i must correct myself. Yes, you have attached a good chart there. As for your explanation, I think you advice well reasoned out. After all, there is no right or wrong in forex trading. It is about probability ..... taking trades with high probability of making gain....
Hi Fui Yong, Yvon, Binnie, Yaakruay and all market rhythm traders..

My previous entry on GU was also zero-break-triggered, and just as Yvon said. It was not a valid entry compared with TC entry.
Partly in term of momentum. RB and TC provide more momentum than Zero Break.
Proper TC is the best entry both for beginners and veteran.

I put a short order just below 8ema with a target 21ema.
It could be wrong. But, right now the ball is high in the air

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 189 KB


Thanks to Yvon for the annotation

Update:
GU climbing higher. 8ema successfully supported the price. My Order have not been fulfilled yet.
I will keep my order for a while or modify it accordingly (switch to long).

Have a nice weekend

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 152 KB
Own your own mind.
  • #26,364
  • Nov 22, 2013 1:29pm Nov 22, 2013 1:29pm
Quoting Spitfire
{quote} Hi all. Thought I'd do a little research on ema vs. sma. I found a great 2 min. video from Investopedia regarding the difference see attached below. From what I understand the ema is a somewhat more aggressive indicator when compared to the sma. http://www.investopedia.com/video/play/sma-versus-ema/ Hope this adds clarity to the difference in the two. Trade well,
Hi Art,
Cheers for that homework mate. Appreciate your input on the thread. My eldest son is getting married today so had better turn my laptop off now. But I will look forward to seeing the video very soon.
Have a great weekend (you & everyone else )
  • #26,365
  • Nov 22, 2013 3:14pm Nov 22, 2013 3:14pm
Quoting binnie
{quote} Greetings Nicholas - welcome to our home. We will enjoy seeing your charts . Please ask questions & we will do our best to help. This is a thread where we all learn from each other. Below is my attempt at your translation via Google - I hope it means well for you. Поздрав Никола - добродошли у наш дом. Ми ћемо уживати...
Thank you for the welcome.
  • #26,366
  • Nov 22, 2013 3:54pm Nov 22, 2013 3:54pm
Quoting binnie
{quote} Hi Art, Cheers for that homework mate. Appreciate your input on the thread. My eldest son is getting married today so had better turn my laptop off now. But I will look forward to seeing the video very soon. Have a great weekend (you & everyone else )



Congratulations on your son's wedding Binnie..

May their married life be full of laughter and joy
and they will love each other forever after.

Congratulations to the Newlyweds!
Own your own mind.
  • #26,367
  • Nov 22, 2013 8:33pm Nov 22, 2013 8:33pm
Congradulation of your son BINNIE!Cheers! What a beautiful Day!Hey! What a beautiful wedding day to remember! I joint sincere taught of prosperity and love for them! Congradulation!

Yvon
Yvon
  • #26,368
  • Nov 23, 2013 1:39am Nov 23, 2013 1:39am
Congrats too Binnie...

This thread is now top banana, so much information coming through..

Can anyone help me, i just cannot see TC's I have read/looked at the P.Nells pdf and have the diagrams pinned on the wall above my pc....i know the names and i know what they look like...B U T i just cannot anticipate or see them when they are there....

If possible could someone make an upload of this weeks TC on the macd i don't care which currency..

I have put up the E/U for an example..

I know someone was doing it previously and quite recently but i cannot find those posts now.

have a great weekend all....

Inserted Video

edit for the link to the youtube video of P.Nell this video is so helpful just to watch it again and again as its like a classic movie..each time you watch it you see/hear something you missed first time...this is to help anyone who comes across the thread and wants to know what its all about..."know the movement"
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-23_0728.png Size: 85 KB
  • #26,369
  • Nov 23, 2013 6:14pm Nov 23, 2013 6:14pm
Quoting yaakruay
Congrats too Binnie... This thread is now top banana, so much information coming through.. Can anyone help me, i just cannot see TC's I have read/looked at the P.Nells pdf and have the diagrams pinned on the wall above my pc....i know the names and i know what they look like...B U T i just cannot anticipate or see them when they are there.... If possible could someone make an upload of this weeks TC on the macd i don't care which currency.. I have put up the E/U for an example.. I know someone was doing it previously and quite recently but i cannot...
This could give you a hint: it should give you abreviation on the indicator of RT, TC, etc...
PS: how did you up loaded a video?
Attached File(s)
File Type: ex4 MACD_Colored_v103.ex4   18 KB | 308 downloads
File Type: mq4 MACD_Colored_v103.mq4   13 KB | 400 downloads
Yvon
  • #26,370
  • Nov 24, 2013 9:19pm Nov 24, 2013 9:19pm
Phillip .. I have my own trading system .. but I am always learning new systems out there .. I will test out your trading system and post some of my comments here. Thanks for sharing with the rest of the trading community!
Matt @ SmartPipping
  • #26,371
  • Edited 10:25am Nov 25, 2013 4:01am | Edited 10:25am
Hi,

I have two running trades at the moment:

trade 1: I started the trade just before the MACD trigger
rule: after break of sma89, price tends to test it again
SL: was just below last swing low (already changed to BE)
TP: well I think the price is going to arround 1.3679 or something. But for this system you also could say => TP = arround sma89 or if sma89 broken...take profit arround sma200 (we are here between sma89 and sma200 => that means: ranging area)

trade 2: I started the trade at the trigger of the MACD signal
rule: price far away from ema8 price tends to pull back to it before it moves on (higher in this case)
SL: just above last swing high (already set to BE+10 pips
TP: halfway ema8 and ema21


edit1: I closed trade2: price was stalling arround my profit target. So I just closed it with a distance to my profit of +/-2 pips (not bad I think )
So that makes a profit of this trade at: 26,7 pips.
I also put the stats of this trade to this thread.

edit2: I just saw price was coming a little more down. I actually didn't had to intervaine the running trade1. Anyway I'm satisfide with this countertrend.
I'm now waiting for a valid MACD signal and hopefully I can pick up the up-trend.....
If the price is really coming down (I hope it's not...) then I also have to close trade1 somewhere. Anyway I already changed SL to BE+ some small pips. So it's a free ride with potential....I think

edit3: Actually trade2 was a correct ranging trade. If price between sma89 and sma 200 price tends to oscillate between both sma's
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 3 KB
Attached Images
You can manage risk, but you can't manage the return
  • #26,372
  • Nov 25, 2013 9:36am Nov 25, 2013 9:36am
Hi HappyMe,

congrats on your trade. I saw the signal (RT) on EUR and GBP this evening.
I took the GBP. Short it at around 1.6220 and closed at 1.6175 a nice counter trend indeed.

Meanwhile, caught by a pattern in UJ.. mind to take a look?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 157 KB
Own your own mind.
  • #26,373
  • Nov 25, 2013 9:51am Nov 25, 2013 9:51am
My previous trade.

Entry at a candle after the shooting star. Just targeting EMA21, the pullback.
Put SL at the psychological level of 1.6250

It turns out that it broke below the EMA. Stick to the plan.

Need to be more flexible in adjusting the trade according to the market condition.
But because this is the counter-trend trade, I decide not to join the free ride as it would
be riskier than trend trading. For now.. need to learn about free-riding a lot. Please teach me..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 156 KB
Own your own mind.
  • #26,374
  • Nov 25, 2013 10:06am Nov 25, 2013 10:06am
Quoting yaakruay
Congrats too Binnie... This thread is now top banana, so much information coming through.. Can anyone help me, i just cannot see TC's I have read/looked at the P.Nells pdf and have the diagrams pinned on the wall above my pc....i know the names and i know what they look like...B U T i just cannot anticipate or see them when they are there.... If possible could someone make an upload of this weeks TC on the macd i don't care which currency.. I have put up the E/U for an example.. I know someone was doing it previously and quite recently but i cannot...
Dear Richard,

I have a suggestion for you. Try to see the chart with EMA 8 and EMA 21 only.
Yes, without MACD or SMAs.

The first time learning about this strategy I was heavily depended on MACD and
would only able to see counter trend trade (RB and RT) signals.

Just after I read Phillips word,

"BEFORE GOING ANY FURTHER, PLEASE GO TO PAGE 681 POST 10212 AND PAGE 870 POST 13038 AS WELL AS PAGE 742 POST 11119 AND LISTEN TO "THE HEART OF THIS SYSTEM" AND SAVE THAT GRAPH. THEN GO TO PAGE 289-290 POST 4335 AND STUDY THOSE 13 LESSONS BY HEART. THEN START AT THE BEGINNING AND ESPECIALLY THE LIST OF INFORMATION BELOW."

l tried to understand the heart of this system, and in my humble opinion.. TC worth the time.
Feel the market rhythm with EMAs. MACD is just a trigger.

Good luck..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 140 KB
Own your own mind.
  • #26,375
  • Nov 25, 2013 10:16am Nov 25, 2013 10:16am
Quoting Arrow
My previous trade. Entry at a candle after the shooting star. Just targeting EMA21, the pullback. Put SL at the psychological level of 1.6250 It turns out that it broke below the EMA. Stick to the plan. Need to be more flexible in adjusting the trade according to the market condition. But because this is the counter-trend trade, I decide not to join the free ride as it would be riskier than trend trading. For now.. need to learn about free-riding a lot. Please teach me.. {image}
From me also a suggestion: in a counter trade... please be carefull!! as Phill often said in a counter trade be carefull and go for max. halfway ema21 / ema8.
That's ofcourse another story if price alreade broke the ema21 (rule: if price break ema 21 then it tends to go back before it comes down to the sma89

For now... I would delited with your sell-trade! Think about preserve your capital and do not be (to) greedy
You can manage risk, but you can't manage the return
  • #26,376
  • Nov 25, 2013 10:19am Nov 25, 2013 10:19am
Well I'm looking for and expecting the next trade in the coming hours. I'm waiting for the (hopefully) coming low...or did we already had that low?! (ofcourse confirmed by the MACD)

If the last low holds and I got a MACD trigger (maybe a BoZ= Bounce of zero?!) then we maybe have a new opportunity at the EUR/USD... if not we maybe need to wait untill price tested the SMA89.... or can sma368 hold the price...?!

Well we see and wait...
Attached Image
You can manage risk, but you can't manage the return
  • #26,377
  • Nov 25, 2013 10:38am Nov 25, 2013 10:38am
Quoting HappyMe
Well I'm looking for and expecting the next trade in the coming hours. I'm waiting for the (hopefully) coming low...or did we already had that low?! (ofcourse confirmed by the MACD) If the last low holds and I got a MACD trigger (maybe a BoZ= Bounce of zero?!) then we maybe have a new opportunity at the EUR/USD... if not we maybe need to wait untill price tested the SMA89.... or can sma368 hold the price...?! Well we see and wait... {image}
The EU is within SMA 200 and 89.. tricky!
MACD is also at zero line.

Agree! See and wait
Own your own mind.
  • #26,378
  • Nov 25, 2013 10:45am Nov 25, 2013 10:45am
Hi PhilipH, thanks for your information to share with others. I've own strategy without any indicator at bottom of chart but when I'm familier with your method, I got the following makdi method under my chart I use 12 patterns and those are very useful and help me in getting the same positionat 4h timeframe.but about 5 minute technique that I think is suitable for scalep .is there any pdf about that please give me link of it
  • #26,379
  • Nov 25, 2013 11:55am Nov 25, 2013 11:55am
Hi Guys :

Another week begins. Just wanted to say THANKS for all the posting going on at the moment. It is exciting to see everyone participating and sharing ideas - When I have a chance to digest each chart properly I would like to join in as well so will get that done later today. In fact I am in the UJ at the moment ( not playing well just right now - LOL). I will post this up for any comments also.
Thanks for the WEDDING wishes - much appreciated by all our family & the newly weds.
Binnie
  • #26,380
  • Nov 25, 2013 1:02pm Nov 25, 2013 1:02pm
Trademin...thanks for the macd...i have this one already but will delete and reinstall...see if its different..

I just copied and paste the url from you tube.... eg.. www.youtube/p.nell.4hoursytem.....

Arrow
Quote
The first time learning about this strategy I was heavily depended on MACD and
would only able to see counter trend trade (RB and RT) signals.

Just after I read Phillips word,

Okay i like this idea, going back to basics...

Let me learn this week.....

thanks all...
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