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4 Hour Strategy (MACD)

  • #26,801
  • Jan 31, 2014 3:27pm Jan 31, 2014 3:27pm
[quote=yaakruay;7252083]{quote} You'd be surprised how many people are interested in your analysis and videos. I just don't think people enjoy downloading ....

Hi Richard - I am still trying to absorb your trade. I finally managed to get aboard this one last night so just give me an hour or so to compare what you were thinking to what I was anticipating. Something wrong here buddy.
Working again has taken a lot of screen time away from me unfortunately - It's taking a wee while to get back in Rythym with our markets. I have spotted a few good ones recently but as I said the other day - these trades seem to appear when I am not near my PC. Ain't that always the way!!!!

Thanks for posting you guys - will be back on board with you soon to share ideas and continue our comraderie. ( cool & damp here today 10.30am Sat - only 20deg.)
  • #26,802
  • Jan 31, 2014 5:42pm Jan 31, 2014 5:42pm
[quote=binnie;7252377]
Quoting yaakruay
{quote} You'd be surprised how many people are interested in your analysis and videos. I just don't think people enjoy downloading .... Hi Richard - I am still trying to absorb your trade. I finally managed to get aboard this one last night so just give me an hour or so to compare what you were thinking to what I was anticipating. Something wrong here buddy. Working again has taken a lot of screen time away from me unfortunately - It's taking a wee while to get back in Rythym with our markets. I have spotted a few good...
Richard - cannot work out how you were thinking Bullish. Must be the way we all see things differently I guess. Once price broke out of that long stretch of downward consolidation, it took off and smashed thru that 89 as if it meant nothing. That definitely sent me a message that I need to look Short from here.
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The only obstacle left is that Daily Support TrendLine. I then looked at having Plan A & B in place. As you see now ( gee is it easy after the fact LOL -) I was happy to find an entry on the H1 or M15 . The M15 gave a good signal to enter even if the trade was almost taken out. Pleased I was not sitting watching - no good for the nerves. There may have been a decent entry a bit earlier using the h1 timeframe but that trigger did not happen until around 12-1am my time so would not have been there for that one. My chart attached to show what I mean here.
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  • #26,803
  • Jan 31, 2014 11:28pm Jan 31, 2014 11:28pm
Quoting yaakruay
{quote} You'd be surprised how many people are interested in your analysis and videos. I just don't think people enjoy downloading rar files, maybe they don't have the software, maybe don't understand them.. if it's easy to watch your video like Phillips, then the more people will watch and comment. Lifesabeach has made the effort to download and watch and left a positive comment, we trust their view point. Answer LaB I went bullish around the 1.3570 area...I convinced myself that this was a turning point for the bulls.. I was trading on my phone,...
Phillip's videos are great, but I also face similar problem with rar files. After downloading, video doesn't play sometimes and it says file is either corrupt or in an unrecognisable format. Will be cool if videos can be in a regular format and help us much better.

Regards, Aziz
  • #26,804
  • Jan 31, 2014 11:52pm Jan 31, 2014 11:52pm
Quoting azizk20
{quote} Phillip's videos are great, but I also face similar problem with rar files. After downloading, video doesn't play sometimes and it says file is either corrupt or in an unrecognisable format. Will be cool if videos can be in a regular format and help us much better. Regards, Aziz
See attachment
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Attached Image
  • #26,805
  • Feb 1, 2014 1:12am Feb 1, 2014 1:12am
[quote=binnie;7252486]
Quoting binnie
{quote} Richard - cannot work out how you were thinking Bullish. Must be the way we all see things differently I guess. Once price broke out of that long stretch of downward consolidation, it took off and smashed thru that 89 as if it meant nothing. That definitely sent me a message that I need to look Short from here. {image} {image} {image} The only obstacle left is that Daily Support TrendLine. I then looked at having Plan A & B in place. As you see now ( gee is it easy after the fact LOL -) I was happy to find an entry...
Binnie,

Don't even try to analyse my ridiculous bull trade.

Thanks for trying but sorry for wasting your time, I mentioned it as LaB asked why and where did i do that... I didn't want to waste time on it as it was just plain silly and stupid. But thanks anyway.

(my analysis of what happened..crashed and burnt....i made a plan at home before i left for work...then during the working day i was watching on my phone, and when the price got to where i thought there would be a turn around, i kept going long...i was not paying attention to price action, moving averages, trendlines. I did not change my plan or thinking...I was stuck in a rut...i knew deep down and sixth sense that i was going against the trend and the system but i was just stupid/stubborn...and got burnt...a lesson to me...) That's what happened...

Whilst typing this came to mind so i copied and paste below....this was the story of my trade ..

Aesop's Fables, translated by Laura Gibbs (2002)

346. THE SNAKE AND HIS TAIL

Quote
Once upon a time the tail of the snake decided that she would no longer follow the head which crept along in front. 'It's my turn to be the leader!' said the tail. The other parts of the snake's body said to the tail, 'You wretched creature, why can't you just keep quiet? How are you going to be our leader when you don't have eyes or a nose, the things that guide the limbs of animals when they move?' But the tail did not listen to the other members of the snake's body, and thus the rational was defeated by the irrational. The back now ruled the front and the tail took the lead, blindly trailing the whole body behind her. Finally the tail led the body into a deep stony hole, scraping its spine against the rocks. Then the stubborn thing began to fawn and beg, 'O head, my leader, please save us if you will! I have provoked a harmful quarrel with harmful results. If you will just put me back down where I was before, I will behave myself, so that you won't have to worry about me getting you into trouble ever again.'


http://mythfolklore.net/aesopica/oxford/346.htm
  • #26,806
  • Feb 1, 2014 1:23am Feb 1, 2014 1:23am
[quote=binnie;7252486]
Quoting binnie
{quote} Richard - cannot work out how you were thinking Bullish. Must be the way we all see things differently I guess. Once price broke out of that long stretch of downward consolidation, it took off and smashed thru that 89 as if it meant nothing. That definitely sent me a message that I need to look Short from here. {image} {image} {image} The only obstacle left is that Daily Support TrendLine. I then looked at having Plan A & B in place. As you see now ( gee is it easy after the fact LOL -) I was happy to find an entry...

Hey Binnie,

We took the same trade mate... I just got in after that long spike up... you can see my trade in a previous post..uploaded again..

This was a real trade and a good profit... this was a set and forget one...so i could keep my nerve all the way to the profit point... i knew if it went through 1.35 BRN it would touch 1.3485 doesn't it always...but i didn't have big enough baubles for that, as i wanted a nice win under my belt..
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  • #26,807
  • Feb 1, 2014 1:30am Feb 1, 2014 1:30am
Here is something on V-shaped patterns that I saw on a video.
Maybe it could be useful.
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  • #26,808
  • Edited 7:12am Feb 1, 2014 2:12am | Edited 7:12am
Quoting napalc
Hello, my trades today 31-01-2014. Again in winrar parts and complete 20min movie by the link: http://www.datafilehost.com/d/42d43c28 I see there is no much interest in it, so I'm not sure about the real purpose of spending my time on it. {file}{file}{file}

Brilliant post and i hope people do download your video.

Thanks to Binnie to show us the easy way..

It's good to see an experienced trader say, that they have returned to this system..it means it's solid, reliable and works! Don't try to fix it if it's not broken!

Copy Phillip... love those rectangle boxes on the H4 from the 21 to the 89.. then switching to a lower time frame and drawing a trendline.
(i have just been backtesting?? going over this weeks charts and doing the same...success! hahaha now just repeat into next week)

Good to hear you talk about mistakes...I know when people talk about mistakes there is no BS..this is the truth and worth listening too...
(1 trade at a time is enough)

Experience, practice and mastering the system...i am at the beginning just getting experience and practicing, practicing practicing..thanks for reinforcing this.

1% money management...this is a slow burner that I think takes along time to sink in and how it works within trading..eg
(My wife is learning to trade but her money management is shocking..she burns her account everyone month(£50-£100)(not my money anymore) because she goes bonkers and wants to see big money so she just puts everything on one spin of the wheel..)

Total lunacy she talks the talk but cannot walk the walk...

1 to 1, or 1 to 2..... you mentioned your record 1 to 10..that would be nice! champagne and caviar that weekend !

Know the direction, there are opportunities, get involved, hope this helps...all Phillips words and becoming part of my vocab too..

What I've learnt from your brilliant videos...copy and repeat the formula..it's not rocket science, is it!

I love the method of making a rectangle on the H4 and to where price should go 21 to 89 etc..and then watching for the BPM on a lower time frame and using trendlines and pullbacks... that is it... Simples (as we say in England now)

Binnie...i see you are mocking us still with 20 degrees..you bugger..we are bouncing between 5 - 10 with rain, rain and more rain...some villages have been cut off and surrounded by water for a month, the army have been called in to help them! This is England 1st World country! hahaha
  • #26,809
  • Feb 1, 2014 2:17am Feb 1, 2014 2:17am
Quoting LifesAbeach
Here is something on V-shaped patterns that I saw on a video. Maybe it could be useful. {image} {image}
Is that V the middle bit of an A,B,C, D pattern...or a look a like.....?
  • #26,810
  • Feb 1, 2014 3:26am Feb 1, 2014 3:26am
[quote=yaakruay;7252752]{quote} Brilliant post and i hope people do download your video. Thanks to (Binnie) ⇒ think you're meaning LIFER .
Credit where its due I say...
I had to get my son to show me how to upload the video

Well done Lifer.
  • #26,811
  • Feb 1, 2014 7:01am Feb 1, 2014 7:01am
Quoting yaakruay
{quote} Is that V the middle bit of an A,B,C, D pattern...or a look a like.....?

Hi yaakruay can you give me an example of an ABCD pattern? I don't know what that is.
  • #26,812
  • Feb 1, 2014 11:57am Feb 1, 2014 11:57am
Quoting LifesAbeach
{quote} Hi yaakruay can you give me an example of an ABCD pattern? I don't know what that is.
Sorry, mate..i credited Binnie with showing us how to download the video...well done to you too... hahaha

Not sure if you are joking about the ABCD.. here is a link to another forum but with a detailed explanation.

http://www.forexpeacearmy.com/forex-...on-pro-banker/

Chapter 17 for ABCD...but all of them have alot of good solid information..

I am sure Phillip will not mind this in his thread, as he has said anything you can find to enhance your trading this system..you need to use it.

If its not appropriate a mod can delete this post.
  • #26,813
  • Feb 1, 2014 12:01pm Feb 1, 2014 12:01pm
Quoting LifesAbeach
{quote} See attachment {image} {image}
Thanks LifesAbeach, it's working perfectly.
  • #26,814
  • Feb 1, 2014 3:32pm Feb 1, 2014 3:32pm
READY TO RUMBLE:!! (LOL)


I think I got this trading thing under control - lets get cracking. Bring on th​em trades.....

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  • #26,815
  • Feb 2, 2014 12:23am Feb 2, 2014 12:23am
[quote=yaakruay;7253150]{quote} Sorry, mate..i credited Binnie with showing us how to download the video...well done to you too...


I really don't mind.
  • #26,816
  • Feb 2, 2014 12:24am Feb 2, 2014 12:24am
Quoting binnie
READY TO RUMBLE:!! (LOL) I think I got this trading thing under control - lets get cracking. Bring on th​em trades..... {image}
Sorry I wasn't in when you called...I see you made yourself at home...

I'm not sure about the picture on the wall, do you think it takes too much space?
  • #26,817
  • Feb 2, 2014 12:29am Feb 2, 2014 12:29am
[quote=yaakruay;7253150]{quote} Not sure if you are joking about the ABCD.. here is a link to another forum but with a detailed explanation.


Haha Now I know what it is. Been using it everyday in my trading but didn't know it had a name.

I won't say the V-shaped pattern is the same since in an ABCD pattern C will be a .382, .500 or .618 retracement of the AB Leg and in a V-shape pattern the C will be a 100% retracement.
  • #26,818
  • Edited 7:46pm Feb 2, 2014 11:27am | Edited 7:46pm
Hi there,
I have read Phillip insisting on importance of back testing. I tried it and unbelieveably it gave me lot of confidence. I am posting back testing result for EuroUSD during the Jan 14. I had two loosing and 12 winning trades using H4 MACD strategy by Phillip Nel. Happy Trading
Attached File(s)
File Type: xls Back testing results Jan 14 for EuroUSD.xls   36 KB | 311 downloads
  • #26,819
  • Feb 2, 2014 1:57pm Feb 2, 2014 1:57pm
[quote=LifesAbeach;7253503]
Quoting yaakruay
{quote} Not sure if you are joking about the ABCD.. here is a link to another forum but with a detailed explanation. Haha Now I know what it is. Been using it everyday in my trading but didn't know it had a name. I won't say the V-shaped pattern is the same since in an ABCD pattern C will be a .382, .500 or .618 retracement of the AB Leg and in a V-shape pattern the C will be a 100% retracement.
Isn't that brilliant.... love it......

You're a natural and you didn't even know......
  • #26,820
  • Feb 2, 2014 9:16pm Feb 2, 2014 9:16pm
Quoting Pisces
Hi there, I have read Phillip insisting on importance of back testing. I tried it and unbelieveably it gave me lot of confidence. I am posting back testing result for EuroUSD during the Jan 14. I had two loosing and 12 winning trades using H4 MACD strategy by Phillip Nel. Happy Trading{file}
Welcome aboard Pisces,
If you can post charts, it would be interesting to see what you were looking at when you took these trades. Nice results BTW. Well done.
B.
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