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4 Hour Strategy (MACD)

  • #27,061
  • Feb 26, 2014 4:28pm Feb 26, 2014 4:28pm
Someone here knows the actual operation of the MACD, I looked at the analysis here in this post, but I could not quite understand the point of entry looking at the MACD, someone could give an explanation?
Sorry for the english but I'm from Brazil and translate with Google. kkkk Thanks.
  • #27,062
  • Feb 27, 2014 1:23am Feb 27, 2014 1:23am
Quoting LifesAbeach
{quote} Hi yaakruay. Probably a bit late now but I've been going through the thread and spotted the AUDUSD. I've also got a TL in there. I'm still learning putting in Trendlines so maybe Phillip and anyone else can comment on this TL that I drew. Correct or Incorrect? I know there is no right or wrong way but I also don't want to sit on the sideline everytime because of some TL!! {image} {image}
Bearish break out starting or a false move down? AUD/USD

Wait for a TC down and below the triangle trendline on the h4...that would be a good sell signal i think
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  • #27,063
  • Feb 27, 2014 1:40am Feb 27, 2014 1:40am
[quote=binnie;7306240]
Quoting yaakruay
{quote} Good post Richard - the market sure has a knack of proving us wrong when we try to guess what might happen No damage though, we just wait for price to tell us where its going. This latest candle is testing the Support as we speak so will it hold & return back to the upper line?? If your Short idea comes in to play then we will jump on board - any long term targets just as a matter of interest ?? {image}

Hello my friend,

Back to consolidation by the looks....Sorry my charts are so messy...i should clean them up before posting next time....

I start with the blank canvas and then do trendlines, weekly pivots etc and then that's when i do a jing thing and the charts are messy...apologies..

Looks like back to consolidation but the Aussie has woken up a little...maybe a bearish breakout... (probably a trap...look at weekly or daily)

Looks like a slow walk up...wish i could go for that...make a buy and leave it for 3 months.......maybe next life in trading...


.8200 as a bearish target for next week....365 on daily and weekly support WS1 plus a trendline i have drawn on daily (if the market cares about my TL) haha
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  • #27,064
  • Feb 27, 2014 1:44am Feb 27, 2014 1:44am
Quoting wendvieira
Someone here knows the actual operation of the MACD, I looked at the analysis here in this post, but I could not quite understand the point of entry looking at the MACD, someone could give an explanation? Sorry for the english but I'm from Brazil and translate with Google. kkkk Thanks.
Greetings WV - In the learning stages of this H4 method, the Macd was used to confirm the Trend Continuation signal created by Price Action. Unfortunately my friend there is much reading for you to catch up on to get a basic understanding of how Market Rythym is the basis of our expectations that Price may move in a certain direction and it combines action & reaction around the 8/21/89 ma's. The Macd can also be used to identify Counter Trend entries with the use of RT / RB which stand for Round Top /Round Bottom.
Without knowing a bit of your experience, I would strongly suggest you start at Page 1 of the thread & slowly digest every post that Phillip has provided. Be prepared for a long but very happy stay here with us. Once you are able to post some charts with your own ideas there are some really friendly & helpful guys on the forum who will gladly help you where possible.
Welcome aboard.
  • #27,065
  • Feb 27, 2014 1:51am Feb 27, 2014 1:51am
Quoting wendvieira
Someone here knows the actual operation of the MACD, I looked at the analysis here in this post, but I could not quite understand the point of entry looking at the MACD, someone could give an explanation? Sorry for the english but I'm from Brazil and translate with Google. kkkk Thanks.
Got to page 1 and look at the all the files starting at the top..

Read through the pdf attached to this post and look at the macd pdf from page 1.

Please go ahead and ask any questions..lots of friendly people here to help you.

If i help you, can you promise to let England win the World cup... cheers...
Attached Image (click to enlarge)
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Attached File(s)
File Type: pdf 4 Hour MACD Forex Strategy (1).pdf   635 KB | 456 downloads
  • #27,066
  • Feb 27, 2014 1:57am Feb 27, 2014 1:57am
Quoting yaakruay
{quote} Got to page 1 and look at the all the files starting at the top.. Read through the pdf attached to this post and look at the macd pdf from page 1. Please go ahead and ask any questions..lots of friendly people here to help you. If i help you, can you promise to let England win the World cup... cheers... {image} {image}

Thanks for the reply, I will read the PDF.
The World Cup is Ours!
  • #27,067
  • Feb 27, 2014 1:58am Feb 27, 2014 1:58am
Quoting binnie
{quote} Greetings WV - In the learning stages of this H4 method, the Macd was used to confirm the Trend Continuation signal created by Price Action. Unfortunately my friend there is much reading for you to catch up on to get a basic understanding of how Market Rythym is the basis of our expectations that Price may move in a certain direction and it combines action & reaction around the 8/21/89 ma's. The Macd can also be used to identify Counter Trend entries with the use of RT / RB which stand for Round Top /Round Bottom. Without knowing a bit of...


Thanks for the reply.
  • #27,068
  • Feb 27, 2014 2:08am Feb 27, 2014 2:08am
Quoting yaakruay
Quoting binnie
{quote} Hello my friend, Back to consolidation by the looks....Sorry my charts are so messy...i should clean them up before posting next time.... I start with the blank canvas and then do trendlines, weekly pivots etc and then that's when i do a jing thing and the charts are messy...apologies.. Looks like back to consolidation but the Aussie has woken up a littl. e...maybe a bearish breakout... (probably a trap...look at weekly or daily) Looks like a slow walk up...wish i could go for that...make a buy and leave it for 3 months.......maybe
...
You are a jokester with that world cup stuff buddy You just lucky the Kiwis play rugby & not soccer Yep it will be good to see some great players together at the same time. Haven't worked out who I will follow yet. That will keep a bit of chatter & banter going here during the tournament eh .
We are getting closer to some action on the Kiwi buddy - my T/Line resistance is across the recent candle highs but yours is equally as important. I think T/Lines are a personal thing but they are usually drawn across Easy to See levels. Perhaps that is what makes them so reactive for price.
The Aussie did jump down & has just hit the 200ma a bit like the Kiwi did a few bars back. My understanding is that the Aussie is regarded as the big brother to the Kiwi and it can influence how the kiwi behaves - perhaps this role may be reversed this time if the Kiwi has already turned away by the 200 and looks like it wants to head a bit higher. Will the Aussie follow suit ??? I know we should not try to guess what Mr. Market will do, but its fun sharing views and actually helps prepare us for some action when it comes.

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  • #27,069
  • Feb 27, 2014 2:44am Feb 27, 2014 2:44am
New Ground for me:
Appreciate comments on this one. EuroAussie between the 89 & 200 so in consolidation . Not yet fully familiar with Phillip's rules for trading between these ma's so think I have already miscalculated - I should have waited for 2 touches of the top & bottom T/Line levels . I only have 3 confirmed touches so I guess my trade might be faulty??.
Phillip - if you are around, can you help out with an explanation please - would you personally have looked at this setup for a short play or am I just completely off track.
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  • #27,070
  • Feb 27, 2014 3:55am Feb 27, 2014 3:55am
Quoting Phillip Nel
{quote} Regards usdjpy (2).zip{file}
I'm very grateful! You've helped me a lot... Thank you!

Quoting LifesAbeach
{quote} And I just want to encourage you not to search for another strategy because of your loss. {image} {image}
Certainly i won't do so... this one really seems to be one of the few that works.

Quoting yaakruay
{quote} Did you watch Phillips video explaining about your trade?
How could i not have done?

Thanks to all of your comments.
  • #27,071
  • Feb 27, 2014 10:51am Feb 27, 2014 10:51am
Regards

Attached File(s)
File Type: zip 27Feb2014.zip   4.0 MB | 1,159 downloads
  • #27,072
  • Feb 27, 2014 12:53pm Feb 27, 2014 12:53pm
Quoting Phillip Nel
Regards {file}
Thx Phillip.
  • #27,073
  • Feb 27, 2014 12:57pm Feb 27, 2014 12:57pm
Quoting binnie
{quote}{quote} You are a jokester with that world cup stuff buddy You just lucky the Kiwis play rugby & not soccer Yep it will be good to see some great players together at the same time. Haven't worked out who I will follow yet. That will keep a bit of chatter & banter going here during the tournament eh . We are getting closer to some action on the Kiwi buddy - my T/Line resistance is across the recent candle highs but yours is equally as important. I think T/Lines are a personal thing but they are usually drawn across Easy to...

Football my friend...football.... some loonies across the Atlantic call it soccer but not us, the inventors

The All blacks are awesome, destroy us every time..that man mountain Jonah Loma years ago just ran through, on and over our best players...brilliant..not.

Will download Phillips latest and be back...
  • #27,074
  • Feb 27, 2014 1:33pm Feb 27, 2014 1:33pm
Quoting yaakruay
{quote} Football my friend...football.... some loonies across the Atlantic call it soccer but not us, the inventors The All blacks are awesome, destroy us every time..that man mountain Jonah Loma years ago just ran through, on and over our best players...brilliant..not. Will download Phillips latest and be back...
Apologies Buddy - we all know I mean't to say FOOTBALL.

In the old days = we used to call rugby FOOTY and the Royal Game of FOOTBALL was always called SOCCER. No wonder we are a confused ;lot eh ??!!

See the Kiwi did as we suspected it might - drag the Aussie back up from its 200ma. Setting up for possible TC back down ?? What you think Richard.

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  • #27,075
  • Feb 27, 2014 1:35pm Feb 27, 2014 1:35pm
PLEASE MAY I BE EXCUSED:

Just heading off to Auckland to see THE BOSS.
See you all on Monday - safe trades everyone.
  • #27,076
  • Feb 27, 2014 2:19pm Feb 27, 2014 2:19pm
Hi Phillip!

Thank you very much for sharing your strategy with us. I was reading your posted you mentioned that you only trade the trades that give signals at 1700,2100,0100 (gmt+2) so that time is the time open a new candle(4h)? how can I get the same chart with you? in my chart the new candle(4h) open at 1600,2000,0000(gmt+2) ,can you show me which pairs you would like to trade with this strategy ? I'm sorry for my English, I wish my English is better so I can watch your video and I can understand more clearly.

Wish you all the Best!

My
  • #27,077
  • Edited 9:41pm Feb 27, 2014 9:29pm | Edited 9:41pm
Quoting yaakruay
Quoting binnie
{quote} Hello my friend, Back to consolidation by the looks....Sorry my charts are so messy...i should clean them up before posting next time.... I start with the blank canvas and then do trendlines, weekly pivots etc and then that's when i do a jing thing and the charts are messy...apologies.. Looks like back to consolidation but the Aussie has woken up a little...maybe a bearish breakout... (probably a trap...look at weekly or daily) Looks like a slow walk up...wish i could go for that...make a buy and leave it for 3 months.......maybe
...
This is just what I do and it may be helpful to you. When price is consolidating, I don't pay too much attention to moving averages. I just trade the top and bottom of the consolidation areas, look for candle patterns on a smaller time frame, and trade around those areas. I feel like I have gotten burned a few times when taking things like TC in the middle of a consolidation period. There are some situations where I think it is ok to trade in the middle, but those instances are few and to difficult to explain here and now.

I posted earlier on the EUR/AUD and the sHs pattern. I went short last night at the top of the range. When it got to the bottom of the range and made an aggressive turn around I got out for 21 pips, for anyone who cares. If someone really wants to see the trade I can post it, otherwise I just going to leave it at that.

As for the sHs pattern, I may just break to the up side. Time will tell
  • #27,078
  • Feb 28, 2014 1:29am Feb 28, 2014 1:29am
Quoting myhong
Hi Phillip! Thank you very much for sharing your strategy with us. I was reading your posted you mentioned that you only trade the trades that give signals at 1700,2100,0100 (gmt+2) so that time is the time open a new candle(4h)? how can I get the same chart with you? in my chart the new candle(4h) open at 1600,2000,0000(gmt+2) ,can you show me which pairs you would like to trade with this strategy ? I'm sorry for my English, I wish my English is better so I can watch your video and I can understand more clearly. Wish you all the Best! My

Your English is good and easy to understand.

Everyone's charts are slightly different because it's your broker and their computer server that makes the time gmt or + on your charts.

My charts are plus +1 gmt and i live in the UK...

You have to study the system and use it as it appears on your charts..sometimes you get a signal while others do not..

That is just the way it is....you have to read your charts..... do not worry about matching your charts to Phillips or anyone else's .
  • #27,079
  • Feb 28, 2014 1:34am Feb 28, 2014 1:34am
Quoting Morelands
{quote}{quote} This is just what I do and it may be helpful to you. When price is consolidating, I don't pay too much attention to moving averages. I just trade the top and bottom of the consolidation areas, look for candle patterns on a smaller time frame, and trade around those areas. I feel like I have gotten burned a few times when taking things like TC in the middle of a consolidation period. There are some situations where I think it is ok to trade in the middle, but those instances are few and to difficult to explain here and now. I posted...

This consolidation period has given me a new level of learning and thanks for the extra input.

I have got burnt myself this month doing that, trading from the middle, top, bottom and getting caught the wrong side...ie price turning around and not continuing.

BUT...this is the time when it has sunken into my brain cells what is happening and how to react. For me that is a big learning curve.

ie. maybe February is like this every year, and so next year it will be a natural thing to trade as i can recognise consolidation and change my trading style accordingly.

This can only be learnt through practice practice practice.

cheers.
  • #27,080
  • Feb 28, 2014 1:41am Feb 28, 2014 1:41am
Quoting binnie
PLEASE MAY I BE EXCUSED: Just heading off to Auckland to see THE BOSS. See you all on Monday - safe trades everyone.

You meeting Phillip?

This is the best cover version I have heard of one of his songs..

Inserted Video



Have fun dude...
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