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4 Hour Strategy (MACD)

  • #26,381
  • Nov 25, 2013 9:39pm Nov 25, 2013 9:39pm
Quoting yaakruay
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} Okay i like this idea, going back to basics... Let me learn this week..... thanks all...
Gidday Richard - Before I get involved in posting some charts today, I thought it a good time to talk about my take on the Macd issues.
IMHO - it is not the Silver Bullet - it is only the TRIGGER that tells me that what I am seeing on price action is exactly what I am expecting or as Phil puts it - ANTICIPATING.
Imagine this for a moment: When we are in a trend, Price is happily bouncing along the 8ma most of the time but sometimes the 21 as well. As we know, price does not travel in a straight line upwards or downwards for extended periods of time (under normal conditions anyway ). It rests from time to time so we see pullbacks happening. These can happen at most any S/R, T/L, RN or as we have been learning - THE MA's. The Ma's are what we are trying to base our decisions upon and when I see price pulling away from that level generally I have missed the chance to enter a trade. What I am happy to wait for (PATIENCE NEEDED) is for price to settle and return to my MA level and at that point, I am given an opportunity to play when I see that price start moving again in the most recent direction =TREND CONTINUATION (TC). AT THAT POINT I WILL TAKE MY CONFIRMATION FROM THE MACD IF I AM GETTING THE CORRECT BAR CLOSE THAT TELLS ME MY EXPECTATIONS ARE ACCEPTABLE BUT my rules allow only for me to play in line with the market mood ( 89 Bullish or Bearish ? )
It is my job to pick the very best signal from all the pairs and if the Macd is confirming what I had anticipated price to do, I am fee to pull my trigger.
Don't forget though - it is easy to find & enter a trade - the hard part is getting out of it unharmed
Hope you guys can follow what I am trying to say.
Any comments are most welcome - perhaps you guys might have an even better way for this to be explained that will make it easier for all of us to understand.
  • #26,382
  • Nov 25, 2013 10:01pm Nov 25, 2013 10:01pm
UJ PROGRESS TONIGHT

For general discussion and I won't be offended if anyone queries my reasons to play here .
It is against me by about 22 pips as I write this but I am prepared to give it a chance to reward my patience
I am aware of the pulling down today but the series of lower wicks in past few bars are telling me to be confident in my expectations. Even if Price pulls all the way back to the 21, there is good reason to expect it to hold as Support & if that happens, perhaps another opportunity to enter if Macd will tell me it is in agreement.
Lets see what happens?

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  • #26,383
  • Nov 25, 2013 10:09pm Nov 25, 2013 10:09pm
GU H&S POSSIBILITY ??

Does anyone else have this forming on their charts. I think we need our RESIDENT EXPERT to help out here ( cheers Yvon )

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  • #26,384
  • Nov 26, 2013 1:11am Nov 26, 2013 1:11am
Quoting Arrow
{quote} 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....

Thanks all for helping on my TC issue.
I went back to basics and this was my trade.... it was planned but was it just beginners luck??

This is a live account but only 10p per pip but real money...! Hate losing...

So back to basics just ma 8,21,89..... and my reasons for trading.

Price consolidating
Price just above BRN
MA moved apart then came back together, ready to move apart....I get the feeling this is the part i could not see... TC - CT - TC etc....

Thanks all... happy days...
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  • #26,385
  • Nov 26, 2013 2:58am Nov 26, 2013 2:58am
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}
Well indeed we had the trigger from MACD and could take a trade with eg: TP to the 200 SL last swing low.

I took the trade a little too early, but with the two wicks trying to reach the 365 I was convinced with the low I saw at the moment we could go higher.
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You can manage risk, but you can't manage the return
  • #26,386
  • Nov 26, 2013 8:09am Nov 26, 2013 8:09am
Quoting yaakruay
{quote} Thanks all for helping on my TC issue. I went back to basics and this was my trade.... it was planned but was it just beginners luck?? This is a live account but only 10p per pip but real money...! Hate losing... So back to basics just ma 8,21,89..... and my reasons for trading. Price consolidating Price just above BRN MA moved apart then came back together, ready to move apart....I get the feeling this is the part i could not see... TC - CT - TC etc.... Thanks all... happy days... {image}
Hi Richard,

First of all, congrats on your trade.

It may be hard to do, but as you work on it you will able to feel the market rhythm better.

Remember that price reacts on MAs, BRN, Support and Resistance levels, Trendline. That is what
we need to prioritize. And when everything is already at place, we can take a look at MACD as the trigger.
Not the other way around.

PS: You may want to add SMA 200 as well. As the price also react to it.

Good luck Richard!
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Own your own mind.
  • #26,387
  • Nov 26, 2013 10:25am Nov 26, 2013 10:25am
Quoting binnie
UJ PROGRESS TONIGHT For general discussion and I won't be offended if anyone queries my reasons to play here . It is against me by about 22 pips as I write this but I am prepared to give it a chance to reward my patience I am aware of the pulling down today but the series of lower wicks in past few bars are telling me to be confident in my expectations. Even if Price pulls all the way back to the 21, there is good reason to expect it to hold as Support & if that happens, perhaps another opportunity to enter if Macd will tell me it is...
Took the pullback earlier. Now, I am waiting for a possible TC Binnie..
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Own your own mind.
  • #26,388
  • Nov 26, 2013 1:46pm Nov 26, 2013 1:46pm
Quoting Arrow
{quote} Took the pullback earlier. Now, I am waiting for a possible TC Binnie.. {image}
Not looking great - will see it out though.
How about this Aussie - had people for dinner so charts out of bounds for me. Missed this completely

Looking now , it could be a possibility of a CT back to the 21 area?? Semi Doji off the 0.9100 and T/Line. Any comments?
Off to my job now - have a nice day everyone.

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  • #26,389
  • Nov 27, 2013 1:43am Nov 27, 2013 1:43am
Quoting trademin
{quote} 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? {file} {file}

Spotted well Yoda, I thanks yee

My macd version was not printing all of the RT, TC etc.....somewhere it had got corrupted..

A fresh install and Bobs ya uncle...tah dah...

Thanks all...good luck
  • #26,390
  • Nov 27, 2013 2:00am Nov 27, 2013 2:00am
UPDATES:
The UJ is looking a bit healthier . Might get out of this with a smile I feel. Another 6 hours to Red News so I might terminate this as I head to bed soon.

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  • #26,391
  • Nov 27, 2013 2:03am Nov 27, 2013 2:03am
CURRENT TRADE IN PROGRESS:

Got in on the Pound - Yen today. Its trying hard to give me a reward so will look again in an hour & decide its fate

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  • #26,392
  • Nov 27, 2013 2:17am Nov 27, 2013 2:17am
@ ARROW:

Hi Arrow - looking back I see you posted the Euro Set up but I did not. Just too busy I guess.
Anyway, How did you go? I got in and out pretty well. Feels great when we have a good run & long may it continue.
Of course we all know that the Market will have its turn & make us feel unloved

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  • #26,393
  • Edited 3:43pm Nov 27, 2013 9:12am | Edited 3:43pm
Quoting binnie
GU H&S POSSIBILITY ?? Does anyone else have this forming on their charts. I think we need our RESIDENT EXPERT to help out here ( cheers Yvon ) {image}
Sorry to get back to you that late, but there is my answer: no it is not, the shape is not there, and as seen on your chart the trend line (blue) has not been broken, then need a pull back to make a TC or rejection on HS,
As seen today, price did make a breakout to the up side and didn't break the blue line .go to daily chart there is a breakout of a consolidation that could have a 375 pips potential. But will see...

One shape that still valid is from the AUDUSD which price already had broken and retest (made a TC there), so my guess is that it is still going down. -from the original rejection there is a lot of pips that could have been made there...with patience!
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Yvon
  • #26,394
  • Edited 5:50pm Nov 27, 2013 4:47pm | Edited 5:50pm
Dear 4H-MACD traders,

I trading and studing this system now for a while. I think I know the rules. But I'm not always confident after I took the trade. Therebey I trade it and after all I stand arround BE. That's because I can't give the MACD-triggers the real/correct value. and often it looks good but the trade is going wrong. Well that was why I was searching for an extra edge and I think I really found him.

I added the Harmonic Elliot Wave (HEW) theory. After studing it, and also mak predictions I think it's really a valuable add-on to this system.
HEW is in principle a changed Elliot Wave counting. But HEW can give you much more info about where price can stall. It works with projections and a huge excelsheet where you can calculate the projections, I think Yvon will like this HEW a lot.

But oke I need to say... it's a little study to work the stuff through!

I find that it gives me the following extra's:
-I have more an idea were to put my SL and my TP (not just the last low/last high, specifik MA or round number. No the projections given me a lot of extra TP/SL info
-I have a better idea where price can stall.
-I can better judge the MACD in combination with the MA's I'm using.
-Finally I can build my trades arround a wave (from beginning of the wave to the end) That means that If my first trade (in the beginning of the wave) is in the right direction. I cover with that trade all the other trades I make in that wave! So if somewhere the wave construction is breaking (it always can happen).... I still can get out without problems.

The image I added of still running trades makes this visual I hope!!.... and ofcourse I hope I will hit at least the 1.3625 in a day ...or two...

Search on google for HEW or Harmonic Elliot Wave or Ian Copsy you defenitly will find it

ps: I know there are people how don't want to do other things in this thread then the real 4H MACD system by Phill. But I'm convinced that HEW will make this system much and much solid. while it can give you a very valuable extra edge....namely: "where can price most probably turning" I also think the image let show this. All the trades I took were arround buttom or top (5 times in this example)

Hope you all find this valuable info to this thread!!

Best regards!!
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You can manage risk, but you can't manage the return
  • #26,395
  • Nov 28, 2013 1:52am Nov 28, 2013 1:52am
where to download this indicator?

Quoting HappyMe
Dear 4H-MACD traders, I trading and studing this system now for a while. I think I know the rules. But I'm not always confident after I took the trade. Therebey I trade it and after all I stand arround BE. That's because I can't give the MACD-triggers the real/correct value. and often it looks good but the trade is going wrong. Well that was why I was searching for an extra edge and I think I really found him. I added the Harmonic Elliot Wave (HEW) theory. After studing it, and also mak predictions I think it's really a valuable add-on to this system....
  • #26,396
  • Edited 4:44am Nov 28, 2013 2:25am | Edited 4:44am
There is no MT4 HEW indicator. You have to count the waves by yourself, also the projections are calculated by yourself.
It's work to understand it but it's paying off as you see!

Search on google for "Harmonic Elliot Wave" and you will find more info

ps1. I really think that the 4H MACD is a very good system. Phil is/was absolutly doing a great job!! But for me I couldn't pick always the right MACD triggers, or I was to late for having a nice move and was strugling with my TP and SL area's. HEW can give you that little extra info that can give you more confidence in a trade.
ps2. Do not use HEW on it's own for trading... it's just another extra edge we can have. Combine this with the 4H MACD and the system is more solid! So use HEW as an extra indicator and not as a system!!
You can manage risk, but you can't manage the return
  • #26,397
  • Edited 4:18am Nov 28, 2013 3:53am | Edited 4:18am
Quoting HappyMe
Dear 4H-MACD traders, I trading and studing this system now for a while. I think I know the rules. But I'm not always confident after I took the trade. Therebey I trade it and after all I stand arround BE. That's because I can't give the MACD-triggers the real/correct value. and often it looks good but the trade is going wrong. Well that was why I was searching for an extra edge and I think I really found him. I added the Harmonic Elliot Wave (HEW) theory. After studing it, and also mak predictions I think it's really a valuable add-on to this system....

Hi, I just closed my trades,

HEW is telling price can stall at arround 1.3625, maybe 1,3645. Price went quick high and retraced also quickly with a high of 1,3618. Well I thought that is good enough for now!! and closed everything in the down move and maybe price is still reaching 1.3625/1.3645...whatever..I'm delited about the result and my confidence in those trades!. It looks after the high price will reverse to 1.3540-50 (to wave iv), after that it can go back to 1.3625 to finally 1.3680 (wave v) and then a big pull back, after that we get the last wave up in the bigger wave sequence. All this is coming from the projections and the HEW counting.

See also http://harmonicelliottwave.blogspot.nl/ where the forecast with HEW is published for 26 nov.

I think you can see the power of HEW. But be carefull. Don't use it on it's own, combine it with the 4HMACD system...and look to the results!

Well look at the images where you can see the results of the token trades. I have a total gain in this leg of 15,77% => not bad I think. (the trade with 0,7pips was an error of mine => that was no trade!!)
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You can manage risk, but you can't manage the return
  • #26,398
  • Nov 28, 2013 4:56am Nov 28, 2013 4:56am
Quoting HappyMe
There is no MT4 HEW indicator. You have to count the waves by yourself, also the projections are calculated by yourself. It's work to understand it but it's paying off as you see! Search on google for "Harmonic Elliot Wave" and you will find more info ps1. I really think that the 4H MACD is a very good system. Phil is/was absolutly doing a great job!! But for me I couldn't pick always the right MACD triggers, or I was to late for having a nice move and was strugling with my TP and SL area's. HEW can give you that little extra info that can give...
I saw you have a b c labels on your chart. Isn't that from an indicator?
  • #26,399
  • Edited 5:21am Nov 28, 2013 4:59am | Edited 5:21am
Quoting trexy123
{quote} I saw you have a b c labels on your chart. Isn't that from an indicator?

Nope, I placed them myself, that is no indicator or something....that is the HEW wave counting, my visual guide of what we most probably can expect from the pair

In the image you see my counting in the H1, without any 4H macd system... this is just for a better look.
But have a look at both websites (the blog and the website) => google: search for "Harmonic Elliot Wave" ...that makes things much clearer I think!

btw... If I do the wave counting I think we still can reach 1.3625 /45...we will see. But in the wave down (after wave v) I want to look again for a trade and then I'm looking to the 4H MACD with the rules
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You can manage risk, but you can't manage the return
  • #26,400
  • Nov 28, 2013 9:48am Nov 28, 2013 9:48am
Quoting binnie
@ ARROW: Hi Arrow - looking back I see you posted the Euro Set up but I did not. Just too busy I guess. Anyway, How did you go? I got in and out pretty well. Feels great when we have a good run & long may it continue. Of course we all know that the Market will have its turn & make us feel unloved {image} {image}
Hi Binnie,

I took two UJ trades this week. The CT and TC went very well.
Already out of it and took a position in EU. A bit late, but I think it is showing a clear market rhythm.

Bullish view for now, unless EU come under the SMA 200
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