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4 Hour Strategy (MACD)

  • #26,521
  • Dec 23, 2013 4:07am Dec 23, 2013 4:07am
Quoting LifesAbeach
Two trades I noticed. {image} {image}
No TC on my charts. Signal candle for EURGBP also did not look good either - almost a doji (indecision)

If someone took trades today please post some charts.
  • #26,522
  • Dec 23, 2013 4:10am Dec 23, 2013 4:10am
Any idea about this position??
http://s5.picofile.com/file/8105290050/usdcad_4h.jpg
  • #26,523
  • Dec 23, 2013 4:50am Dec 23, 2013 4:50am
Quoting asbehzad
Any idea about this position?? http://s5.picofile.com/file/8105290050/usdcad_4h.jpg
asbehzad what was your reason for entering? I don't see any signal on the MACD. Or did you enter on another timeframe?
  • #26,524
  • Dec 23, 2013 5:27am Dec 23, 2013 5:27am
Quoting asbehzad
Any idea about this position?? http://s5.picofile.com/file/8105290050/usdcad_4h.jpg
Nice trade. At least you're in the positive so far. Looking at your chart it looks like you've got the 1H 21ema and 89sma on your 4H chart.
Did you take a TC off the 1H chart?
  • #26,525
  • Dec 23, 2013 5:56am Dec 23, 2013 5:56am
As you know this pair has a strong up trend.i have got it in counter trend.i will close it befofr cad news.probably macd establish a RB patern in H4.
  • #26,526
  • Dec 24, 2013 1:41am Dec 24, 2013 1:41am
Quoting LifesAbeach
{quote} Yaakruay I also have problems identifying patterns in charts. I stumbled upon a website called compassfx. Maybe you’ve been there. Just type in compassfx in google and go to video library. There are A LOT of excellent videos to watch and it’s free. I am still working through those videos. They cover a lot of topics. I just started with a topic called chart patterns. There they talk about patterns. I also did the Fibonacci topic which I found very very very helpful. I use Fibonacci extensions to predict profit targets. There are even videos...

I had a quick look at that website and the free videos look good. I have only watched one so far, easy to watch and learn.

What was nice that some are fresh and new, it makes them relevant and more interesting for me anyway.

I will have a browse at more of them, I don't think I had seen this site before, which kind of surprised me as i thought i had thought seen almost every fx website...

Happy Christmas all
  • #26,527
  • Dec 24, 2013 8:40am Dec 24, 2013 8:40am
Quoting LifesAbeach
{quote} Thanks Phillip for the videos. Going to watch it again and again and again. I want to make sure I understand it 100%. And do lots of backtesting. Here is something I learned on MT4. It really helps a person to skip between different Timeframes. {image} {image} {image}
hi LifesAbeach,

it is a nice way of switching TF, but I have one problem...I do not have that blue triaangle. do you know how to get it? thanks,
Yvon
  • #26,528
  • Dec 24, 2013 10:09am Dec 24, 2013 10:09am
Quoting trademin
{quote} hi LifesAbeach, it is a nice way of switching TF, but I have one problem...I do not have that blue triaangle. do you know how to get it? thanks,
Trademin see if this works:

Right click on your chart. Go to Properties. Click on Common. UNTICK chart autoscroll.

The only options I have ticked on my Properties menu is : Chart shift, Candlesticks, Show OHLC.
  • #26,529
  • Edited 6:16pm Dec 24, 2013 11:22am | Edited 6:16pm
Quoting LifesAbeach
{quote} Trademin see if this works: Right click on your chart. Go to Properties. Click on Common. UNTICK chart autoscroll. The only options I have ticked on my Properties menu is : Chart shift, Candlesticks, Show OHLC.

LifesAbeach,
thanks a lot, it is working!!!.....ready for 2014! ...whish you good time!
Yvon
  • #26,530
  • Dec 24, 2013 12:29pm Dec 24, 2013 12:29pm
Video.
Regards

Attached File(s)
File Type: zip 23Dec2013.zip   6.0 MB | 712 downloads
  • #26,531
  • Dec 25, 2013 11:42am Dec 25, 2013 11:42am
Hi Here are 5 questions (see attachment) on the FIRST video by Master Phillip regarding rhythm. If possible could someone please comment. I don't know if I've got it completely wrong. At number 2 I would have missed a good trade and by number 4 I would have a loss.
Notice I used Heiken Ashi to spot corrections (pullbacks). It helps me to be consistent.
Attached Image (click to enlarge)
Click to Enlarge Name: rhythmeurusdh4.png Size: 71 KB
  • #26,532
  • Dec 25, 2013 12:52pm Dec 25, 2013 12:52pm
hi i am a new member from italy, i ave study the 4 hour macd, and this is very great technique, in my graphic there are my entry, 8 entry, the operativity is very good, 4 positive, 2 equal, 2negative, but the gain is more the loss
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.png Size: 99 KB
  • #26,533
  • Dec 25, 2013 4:18pm Dec 25, 2013 4:18pm
Quoting astribale65
hi i am a new member from italy, i ave study the 4 hour macd, and this is very great technique, in my graphic there are my entry, 8 entry, the operativity is very good, 4 positive, 2 equal, 2negative, but the gain is more the loss {image}

welcome in this tread astribale65,
wishing you the best for 2014
Yvon
  • #26,534
  • Dec 25, 2013 8:48pm Dec 25, 2013 8:48pm
Hi all,

Welcome, Astribale65!
It is a very great technique indeed.

Looking forward for more of your charts and share.
Wish you the best ^^


Salam sukses
Arrow
Own your own mind.
  • #26,535
  • Dec 26, 2013 1:51am Dec 26, 2013 1:51am
Quoting astribale65
hi i am a new member from italy, i ave study the 4 hour macd, and this is very great technique, in my graphic there are my entry, 8 entry, the operativity is very good, 4 positive, 2 equal, 2negative, but the gain is more the loss {image}


Hi Astribale65 welcome. Here are my comments on your one negative trade (The TC trade). As you can see I am also a new member here so I might be completely wrong with my analysis. Please don’t stop posting charts of your trades. Winners AND LOSERS!! That way we can memorise the winners and analyse the losers and learn from our mistakes.
Attached Image (click to enlarge)
Click to Enlarge Name: astribale65tctrade.png Size: 96 KB
  • #26,536
  • Dec 26, 2013 1:56am Dec 26, 2013 1:56am
Sorry everyone for all the questions. But I want to make sure I understand this strategy 100%. Here is another question: Is it possible to use the MACD to spot Hidden Divergence? I know it is possible using the Stochastic indicator but not entirely sure if you could use the MACD. See attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: hiddendivergenceeurusdh4.png Size: 59 KB
  • #26,537
  • Dec 26, 2013 4:25am Dec 26, 2013 4:25am
hi, thank for your answer, and excuse for my english, then i reply to lifesabeach for my entry in the graphiche, i use only the signals that come to the macd for the entry, in the 89 sma there no signals macd for me, the divergence i use only these over the -450,450, levels, the stops, for cfd are tails, i put my stops in the figures and the reals entry that i have done,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh42.png Size: 110 KB
  • #26,538
  • Dec 26, 2013 5:43am Dec 26, 2013 5:43am
Quoting astribale65
hi i am a new member from italy, i ave study the 4 hour macd, and this is very great technique, in my graphic there are my entry, 8 entry, the operativity is very good, 4 positive, 2 equal, 2negative, but the gain is more the loss {image}
Remember that the basic rules still apply as on the 4Hour Macd when the price closed above the 21ema it tends to pull back and then go to the 89sma as in point4. That indicates a possible turnaround unless that move to the 89sma forms part of the correction(pullback) for a further downside possibility.
  • #26,539
  • Dec 26, 2013 6:32am Dec 26, 2013 6:32am
phillip, thank you for your tecnique, that change my trading plane, now is very good
  • #26,540
  • Dec 26, 2013 7:05am Dec 26, 2013 7:05am
Quoting astribale65
phillip, thank you for your tecnique, that change my trading plane, now is very good

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